Jack Reed: “Well, I thank the gentleman from Pennsylvania for joining us here tonight. In listening to your comments, I…”

“Well, I thank the gentleman from Pennsylvania for joining us here tonight. In listening to your comments, I wholeheartedly agree that what we're seeing at the end of this year, if Washington, D.C., does not get its act together--and we as the freshman class, I think, are doing a great job in holding this city accountable and really changing the culture of Washington, D.C. The job has just started. We have a lot more work to do, and we'll continue to go forward on that mission. But what we have to commit ourselves to is, if we do not act by the end of the year, the largest tax increase in the history of America will go into effect with the expiration of the individual tax rates, the reinstatement of the estate taxes at levels of 55 percent and beyond, and we need to act.”