Orrin Hatch

This proposal has all of the benefits of shareholder or imputation credit integration, which is a system that has been proven to work well in European countries and in Australia.

Eliminating the deduction for interest and a 35-percent withholding tax on interest are, essentially, the same.

Without significant reforms to the corporate tax system, we will continue to see an erosion in our overall tax base along with diminished growth and diminished investment.

This, put simply, is a problem.

I am concerned about the fact that, if you have withholding on corporate interest but not withholding on other forms of interest, this may induce portfolio effects.

A better, more efficient system would be one that integrates the taxation of corporate and individual income.

we need to preserve one level of efficient tax on active business income. Having that active business income taxed at the shareholder level assures individual progressivity.

Thank you, Commissioner Kerlikowske, for being here today.

The committee will come to order. I would like to welcome everyone to our hearing this morning.

Passage of the MTB bill is long overdue and I'm very pleased that we've finally gotten it through Congress and over to the President for his signature.

This is absolutely essential if we want American companies to be able to compete effectively in the 21st-century global marketplace.

I'd like to welcome everyone to today's hearing to consider pending nominations.

The Finance Committee, and in fact the entire Congress, has been extremely active on trade over the past year and a half.

If Congress is serious about job creation, then Congress should either authorize funding or raise immigration and custom user fees to hire the additional 2,107 CBP Officers as identified by CBP's own Workload Staffing Model.

A lot has happened since then, so we are happy to have the Commissioner here again today.

Thank you again, Mr. Chairman, for convening this hearing.

I look forward to discussing today how CBP will do its part to implement those policies as quickly and as effectively as possible.

I rise today in honor of the memory of a humble statesman and an adored colleague and a dear friend, Senator Bob Bennett. Bob passed away peacefully in his house last week with his wife and children gathered around him by his bedside. In…

This legislation would provide funding to promote a variety of Pay for Success approaches and also test social innovation financing of Pay for Success strategies.

The bill directs resources to states and local communities to support innovative public-private partnerships.

evidence-based practice can be an effective strategy to help vulnerable families and at-risk individuals.

We believe this program would encourage private-sector investors to provide the necessary capital to establish or expand the interventions.

Social impact financings gives local leaders the flexibility to design and adjust programs to fit local needs in order to ensure that they have the desired impact.

I am a strong supporter of this approach, which is why I am pleased to have been able to work with Senator Bennet to introduce legislation that will foster the creation of public/private partnerships.

A key component of the Hatch-Wyden proposal is that these types of interventions must be evidence-based.