Jim McDermott

More tax revenue than currently collecting is what we need.

If you lower the tax rate enough you will draw a lot of stuff in.

Nothing is going to happen in the Senate on taxes.

This tax structure is not going to be solved by a hearing where people have three minutes to talk about it.

The effective rate is about 16 percent for most corporations in this country.

They brought it back, and they sent it to the stockholders in the next afternoon.

This is a sham hearing. It is not going anywhere.

We can collect more, and the way you do that is through growth.

I have been listening for as long as I have been in Congress about the fact that debt was going to bury America, and that was going to be the end of us.

If you could negotiate a 40 percent reduction, it would be 40 billion, right?

The Republicans put it in by caving to the pharmaceutical industry and tied the hands of the Secretary.

The Republicans gutted the risk corridor money, and so these co-ops are going down.

If we drop the rate on taxation from 35 percent, maybe we could drop the rate on student loans to prime rate.

Today, you have 41 million people who are carrying $1.2 trillion worth of debt, and it is putting a damper on our economy.

The average debt of a student coming--62 percent of the students in this country come out of college $35,000 in debt.

Now, I would like to talk a little bit about my own experience. In 1970, I was a physician.

It was almost 6 years ago to the day that I introduced the Conflict Minerals Trade Act, which was designed to help stop trade in conflict minerals that were sustaining the brutal civil war in the Democratic Republic of the Congo.

When did the CO-OPs discover that they were only going to get one-eighth, 12 percent of the money they expected?

And so it would be similar to that program in Part D that we put in with the CO-OPs.

If it cost more than they anticipated, we would support them at least to a certain extent to get through that.

So your chance of supporting these CO-OPs was cut by two-thirds.

I suggested that the Republican Congress in 2013 slashed the funding for loans and grants by nearly two-thirds; is that correct?

Instead we will hear more of the same: complaints about problems they have created through their own sabotage and nothing constructive about how to make the system work better.

We need to fix this and let the CO-OPs operate on a level playing field with the for-profit insurance industry.

For the past five years Republican colleagues have systematically and deliberately sabotaged the implementation of the Affordable Care Act.