Much of us opposed with vigor the fiscally irresponsible policies of the Bush-Cheney administration, which squandered the surplus that they began with and converted it into trillions of dollars of debt.

Indeed, there were some groups and some Republican commentators here in Washington who actually advocated during the Bush-Cheney years that driving the debt up was a very good thing.

The crowd was certainly angry. I suppose some might have a negative reaction to the poster that said 'Lloyd Doggett. Traitor to Texas. Devil to all people.'

This hearing provides us the first opportunity to look more closely at the tools to address this issue.

Congress should enact and the President should sign S. 506/H.R. 1265, the Stop Tax Havens Abuse Act.

You believe it would be good for the IRS to have stop tax havens adopted?

This hearing deals with a very important topic to every American taxpayer, business, or individual who's playing by the rules.

Well, I couldn't agree with you more. It's not only what's illegal, but what's legal that should not be legal because it's inequitable to businesses here in the United States.

if there's that much tax evasion, we don't just need a sledgehammer, we need something bigger than that, because it's very unfair.

I believe the IRS should dedicate more resources to attempting to close the international tax gap.

I think this is an important provision to restore tax fairness, by recognizing that if you have a shell corporation abroad, and it's really a United States company, that just having a paper certificate and a sunny tax haven, is not enough…