Pat Toomey

I want to make another point. Isn't it also the case that over the last certainly number of decades we have had a dramatic transformation of the ownership of American companies, a democratization, if you will?

For decades the U.S. capital markets have been the envy of the world, the deepest, broadest, most accessible markets anywhere ever, but that our lead is diminishing.

I think you are an outstanding choice based on your background, your expertise, the knowledge.

Sanctions are a means to an end, and Congress and the Administration must be clear as to what that end is.

It is time to move this nomination. Actually, to be blunt, it is well past time.

I have stated publicly that I am willing to work with Ranking Member Wyden and others on the committee who believe a waiver is necessary.

Most recently, as part of the 21st Century Cures Act, Congress enacted legislation that I authored with Senator Bennet and Nelson to block the 25 percent rule through September.

I understand there is no certainty. This is about likelihoods.

I hope the President will soon be able to nominate individuals to complete the Board of Governors.

I sent you a letter last week outlining some of the big concerns that I have about CCAR.

A very, very central part of the message of both the President and the Congress included a commitment to tax reform.

I am concerned that CCAR might actually increase systematic risk in one important respect.

What is the point in tax reform if it is not going to be pro-growth?

If we cannot, reconciliation is an alternative.

A permanent tax reform is the best, but it takes bipartisan support.

I hope we will acknowledge that the goal should be to maximize growth and get the right Tax Code.

It is my view that we do not need to permanently lock in those tax increases and we should not do so.

Our objective to fix the corporate tax system is about helping American workers.

If we get tax reform right, we are going to have so much more growth that far fewer people will need these welfare programs.

Every single problem in America is easier to solve if the economy is booming.

Misguided policies of the last 8 years have given us the weakest recovery since the Great Depression.

Each step gets us closer to 3 percent economic growth, which returns our economy to its historic average rate.

The administration has proposed a financial deregulation plan to rid the banking system of red tape caused by the Dodd-Frank Act.

We do need a simpler, fairer, and more transparent tax system.

I look forward to working with you on that, because as I say, we have got an opportunity--in fact, we have got an obligation to really have a Tax Code that allows the American people to be as prosperous as they possibly can be.