No other nation in the world imposes such a high barrier to bringing foreign earnings home as the United States.

They are headquartered in South Korea that has as top corporate tax rate of 24 percent, which is 15 points lower than the U.S. corporate tax rate of 39.5 percent.

If we do not, we are going to continue to lose opportunities, and I think our guiding principle should be how do we create competitiveness.

I think the bottom line is, there is a need for a fuller investigation, as you and Senator Hatch are undertaking.

Our letter asked for the IRS to give us assurance that this recent string of inquiries is consistent with the IRS's treatment of tax-exempt organizations across the political spectrum.

I am getting to that. You are ahead of me, Mr. Oppenheimer.

You need more engineers, you need more innovators.

I think the American people would like to know how broken our tax system is.

Did you think the allegations described in the letter, what we called the serious implications of discriminatory enforcement were alarming?

The outrage being expressed was that, at the very least, the IRS ought to have an even-handed and a fair administration of our tax laws.

Eighty percent of our world's purchasing power now lies beyond our borders, and so a key strategy to grow jobs here at home is by tapping into that.

The Digital Accountability and Transparency Act, or DATA, that is what this act will do.