Orrin Hatch: “It is a privilege to work with Senator Baucus, our chairman, on improving the Tax Code, on updating it for the 21st…”

“It is a privilege to work with Senator Baucus, our chairman, on improving the Tax Code, on updating it for the 21st century. This provides a great opportunity to give families certainty, spark economic growth, create jobs, and make U.S. businesses more competitive. If it is done right, it can provide America with a real shot in the arm. My friend from Montana began this discussion with a quote. I feel it only appropriate to conclude with one as well. Abraham Lincoln said, ``Determine the thing that can and shall be done, and then we shall find the way.'' We are determined to craft a fairer and simpler Tax Code. Working together, I think we can find a way. I want to compliment the distinguished Senator from Montana for the work he has already done, for the work the committee has already done, the hearings we have held, the meetings we have held on these options papers, and for his general zeal in leading the charge here on this question of shall we or shall we not reform our Tax Code. If you look at that stack of Tax Code books that stood this high, you realize it is time to simplify this doggone mess. I think we can do it, but it is going to take a bipartisan effort. It is going to take all of us working closely. It is going to take everybody on the Finance Committee doing what it takes to bring tax reform alive. In 1986, it took 3 years to get the 1986 bill done. I do not think we have 3 years. I think we are going to have to do it now or it will not be done.…”