I think we have a choice. We can continue to have this debate at the margins about how to extend a thoroughly discredited, insanely complicated, job-killing system that we have today or we can find a way, as Democrats and President Reagan did back in the 1980s, to come together and put in place a reform system that will create, in my view, millions of good-paying, new jobs, the way Democrats and Republicans in the 1980s came together and created more than 16 million new jobs. This question of extending the 2001 and 2003 tax legislation has almost become a tax version of 'The Emperor Has No Clothes.'
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Senator Wyden discusses the need for tax reform and job creation.
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