I appreciate, too, at this point being considered in Congress as we strive toward a lower, more competitive, simpler tax code.

We need to rethink our approach to incentives.

It is time we modernize the R&D tax credit; strengthen it to encourage companies to make even more substantial investments.

Investment in research and development in life sciences creates good, high-paying jobs; keeps the United States on the cutting edge of global competitiveness.

The goal today is to find out how we become competitive to make sure that we have the strongest economy of the 21st century.

It is costing us jobs.

As opposed to health care where our local doctors, for example, don't compete globally to provide services to us, our businesses do compete globally for customers.

We need to simplify the Tax Code.

I think it all has to be on the table.

to grow America's economy, it is simply not enough to buy American, we have to sell American

If we can eliminate that obstacle, there is no question that much of the cash we refer to as 'trapped' overseas would return here, to be invested in some way, shape, or form in the United States.