The Financial Institution Bankruptcy Act is a necessary reform to ensure that taxpayers will not be called on to rescue the next failing financial firm. The legislation relies on longstanding bankruptcy principles that will be applied in a…
Bob Goodlatte
The Public Record
Bob Goodlatte is a former Republican member of the U.S. House of Representatives, serving Virginia's 6th congressional district from 1993 to 2019. During his tenure, he was known for his work on issues related to agriculture, technology, and internet policy. Goodlatte played a significant role in introducing legislation such as the Internet Gambling Prohibition Act of 1999 and the Rural Local Broadcast Signal Act. He also served as the Chairman of the House Judiciary Committee, where he focused on matters including intellectual property and immigration reform.
I only have one speaker remaining, myself, to close. So I am prepared to do that once the gentleman from Georgia yields back. I reserve the balance of my time.
It is my pleasure to yield such time as he may consume to the gentleman from Michigan (Mr. Trott), the chief sponsor of the legislation.
The trust of the public in the tax system to be fair is of paramount importance.
I believe that we can have more people paying in the system if we get more people to work.
This deadline is quite a ways into the future, and it is really designed to move tax reform to the front burner.
The Tax Code Termination Act simply puts a date certain on the expiration of our current Tax Code.
There is no time like the present to find real solutions to this complex problem.
The problem is everybody here agrees that our current Tax Code really stinks, but nobody has anywhere close to the consensus on how to do substantial tax reform.
Is it not enough that we collect the taxes we do from our neighbors, that we must also spend more of their resources complying with the Tax Code itself?
Thank you again to each of our witnesses for taking time from your busy schedules to be with us today, and we look forward to hearing about your bold proposals.
Which would terminate the Internal Revenue Code by the end of 2019, with any new Federal tax system adhering to a set of principles that promotes simplicity and fairness.
What limiting principle could stop the President from granting, for example, capital gains tax amnesty?
Are not partisan issues but rather American issues that touch the very core of our system of government.
To delay the terrible consequences of ObamaCare until after the next election.
One letter alone suspended the application of eight key provisions of ObamaCare.
Yet the current Administration has unilaterally sought to rewrite the law, not by working with the people's duly elected representatives.
The one way that I think Congress can and perhaps should compel that is with the power of the purse.
If you're not sure what that limit is, you shouldn't come to us, the United States Supreme Court, you should go to the United States Congress.
The mere fact that past Presidents have done stuff and Congress didn't object does not make it constitutional, right?
The topic today includes recent case studies of the abuse of executive power, and I'll focus my remarks on the President's recent actions regarding the implementation of his own ObamaCare law.





