| 00:00:19 |
Unidentified Speaker, -
GENTLEMEN, WELCOME GERALD BAKER, SAXBY CHAMBLISS, AND MARK WARNER. [APPLAUSE] >> THANK YOU
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| 00:00:38 |
Unidentified Speaker, -
VERY MUCH, LADIES AND GENTLEMEN. WE HAD HERE TO OF THE MEMBERS OF ALL WAS ORIGINALLY CALLED THE GANG OF SIX. THE UNFORTUNATE BECAUSE OF AN ACCIDENT, IS...
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| 00:00:59 |
Unidentified Speaker, -
CONTINUES, YOU BECOME A GANG OF FOUR. AND WE KNOW WHAT HAPPENED TO THE ORIGINAL GANG OF FOUR IN CHINA. THEY HAVE BEEN TOO IMPORTANT FIGURES IN THIS DISCUSSION...
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| 00:02:03 |
Unidentified Speaker, -
WHAT YOU CALL IDEAL. THE CHALLENGE WILL BE, AND SAXBY AND I HAVE BEEN WORKING ON THIS FOUR YEAR, AND SENATOR COBURN, A VERY VALUABLE MEMBER OF THIS...
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| 00:03:35 |
Unidentified Speaker, -
CHAMBLISS, THERE IS SOME KIND OF DEAL WITH THE GENERAL GLOBAL NUMBER, BUT THEN IT IS NOT CLEAR WHETHER OR NOT IT IS DELIVERABLE, ESPECIALLY IN TERMS...
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| 00:04:04 |
Unidentified Speaker, -
ON THIS FOUR YEAR BETWEEN OURSELVES AND THEN IN AN EXPANDED GROUP THAT NARROWED ITSELF DOWN TO THE SIX OF US WHO BEGAN SIX MONTHS AGO TALKING ABOUT THIS...
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| 00:05:10 |
Unidentified Speaker, -
BIDEN GROUP. THEY ARE FORCED ON THE SHORT TERM. WE'RE FOCUSED MORE ON THE LONG TERM. EVEN AFTER YOU RAISE THE DEBT CEILING, WE WILL STILL OWE $14 TRILLION....
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| 00:05:39 |
Unidentified Speaker, -
THE DEMOCRATS, AND THIS IS WHERE THE REPUBLICANS FEAR IS COMING, THE BIG ISSUE IS GOING TO BE ANY WILLINGNESS TO AGREE TO SIGNIFICANT ENTITLEMENT REFORM,...
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| 00:06:43 |
Unidentified Speaker, -
STEP BACK FOR ONE MOMENT. THE IRREFUTABLE FACTS ARE WE ARE SPENDING AT AN ALL-TIME HIGH, IT CANNOT BE SUSTAINED. WE'RE COLLECTING REVENUES ARE ROUGHLY...
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| 00:09:00 |
Unidentified Speaker, -
YOUR DEMOCRATIC COLLEAGUES, AND THAT IT BE FAIR YOU'D BE CHARACTERIZED AS BEING ON A MORE CENTRIST SIDE OF THE DEMOCRATIC PARTY, BUT YOUR COLLEAGUES...
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| 00:09:19 |
Unidentified Speaker, -
WILLING TO ACCEPT MEDICARE SIGNIFICANT -- SIGNIFICANT MEDICARE CUTS? >> ANY DEAL THAT WOULD
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| 00:09:25 |
Unidentified Speaker, -
SATISFY EITHER ALL THE DEMOCRATS FOR ALL THE REPUBLICANS WILL NOT GET 60 VOTES AND THE SENATE. -- IN THE SENATE. I WILL LET SAXO BE RESPOND, BUT ONE...
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| 00:09:57 |
Unidentified Speaker, -
HOW HAPPILY REFEREE THAT ENGAGEMENT IF ANYONE WANTS TO TAKE THE CENTER OF ON A VERY BY ME ASK YOU, SENATOR CHAMBLISS, A SIMILAR QUESTION. HIS NUMBERS...
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| 00:10:48 |
Unidentified Speaker, -
IS THAT WE COULD HAVE REVENUE INCREASES WITHOUT TAX INCREASES. THAT IS A KEY. IF ANY TAXES ARE TRULY RAISED IN THE PARIS SENSE, AND THE ANSWER TO YOUR...
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| 00:14:40 |
Unidentified Speaker, -
SIDE, USE OF MIDTERM ELECTION DOMINATED BY THE T PARTY MOVEMENT WHICH WAS ADAMANT ABOUT CUTTING THE SIZE OF GOVERNMENT, CUTTING SPENDING, AND IT SEEMS...
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| 00:15:20 |
Unidentified Speaker, -
ROCKET SCIENCE TO LOOK AT THAT 14.5% PART OF GDP WE ARE TAKING DOWN IN REVENUES AND REALIZE YOU HAVE TO DO SOMETHING ABOUT THAT YOU'RE YOU CAN EITHER...
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| 00:16:42 |
Unidentified Speaker, -
THE IMPORTANCE OF THE CORPORATE TAX CHANGES WE'RE GOING TO HAVE TO SAY. PEOPLE AND BUSINESSES GENERALLY WANT GOVERNMENT TO GET OUT OF THE WAY AND LET...
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| 00:17:22 |
Unidentified Speaker, -
IS YES. WE HAVE A GOLD. WE HAVE A PLAN THAT IS NOT FINISHED. IT IS NOT PERFECT. IT TAKES $4.5 TRILLION OFF THE DEBT IN THE NEXT 10 YEARS. MRS. TO A SUSTAINABLE...
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| 00:19:26 |
Unidentified Speaker, -
CORPORATE TAX SIDE, AS SENATOR CHAMBLISS IS TALK ABOUT, THE IMPORTANCE OF RAISING REVENUES. ON THE CORPORATE TAX RATE, IT WOULD AIM FOR REVENUE NEUTRALITY?...
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| 00:19:46 |
Unidentified Speaker, -
TO DO SOME THINGS ON THE CORPORATE SIDE TO START THE ENGINE UP AGAIN. THAT IS WHY THE DATE COMMISSION FELT LIKE BEING REVENUE-NEUTRAL ON THE CORPORATE...
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| 00:20:00 |
Unidentified Speaker, -
ON TO THAT. USUALLY WE HAVE A SLIDE SHOW THAT COMES WITH OUR PITCH. >> WE CAN GET IT. >> I'M SURE IT IS AVAILABLE ON- LINE. >> AND IT IS IMPORTANT
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| 00:20:14 |
Unidentified Speaker, -
FOR YOU AS CFO'S, IF YOU LOOK AT OUR TAX MIX, THE SHARE OF CORPORATE REVENUES AS A PERCENTAGE OF OUR OVERALL REVENUE MIX HAS DECLINED BY ABOUT HALF OF...
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| 00:20:42 |
Unidentified Speaker, -
QUESTIONS FROM THE FLOOR. I KNOW THAT YOUR TEAM TO ENGAGE IN SOME OF THESE SPECIFIC CORPORATE ISSUES. WE HAD SOME QUESTIONS DURING THE DAY, SPECIFIC CONCERNS...
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| 00:21:03 |
Unidentified Speaker, -
JUDY BROWN. I'M INSPIRED TO HEAR THAT THE TWO OF YOU ARE DOING THIS GREAT WORK TO TRY TO MAKE SOME CHANGES. IS OBVIOUS THAT WE NEED TO CHANGE THE DIRECTION...
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| 00:22:05 |
Unidentified Speaker, -
NOT THE MOST FAVORED STATE IN THE UNITED STATES RIGHT NOW. BUT PEOPLE UNDERSTAND JOBS. YOU HAVE TO TALK IN TERMS OF THAT BECAUSE IT IS REAL AND MEANINGFUL....
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| 00:23:01 |
Unidentified Speaker, -
NOTION OF TAX REFORM, FOR EXAMPLE, ONE OF THE KEY ISSUES OF REPATRIATION. IF THERE WAS AN INFORMAL UNDERSTANDING THAT WE WILL REPATRIATE SOME OF THESE...
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| 00:25:23 |
Unidentified Speaker, -
SAY THAT NOW. BUT THE RHETORIC COMING OUT OF WASHINGTON OF THE LAST COUPLE YEARS ABOUT BUSINESS HAS NOT BEEN VERY FAVORABLE. IN SOME RESPECTS, IT HAS...
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| 00:25:58 |
Unidentified Speaker, -
RISK. BUT LET'S ALSO IN KNOWLEDGE THE LAST ACKNOWLEDGE -- LET'S ALSO IN KNOWLEDGE THAT WHEN THEY HOUSES BURNING DOWN, WE HAVE TO TAKE EXTRAORDINARY...
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| 00:27:04 |
Unidentified Speaker, -
MORE QUESTION, IF ANYONE HAS A QUESTION. ANYBODY? LET ME AS YOU, THERE IS A SENSE THAT WASHINGTON IS BROKEN, THAT THIS IS A SYSTEM WHERE PEOPLE LIVE FROM...
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| 00:28:01 |
Unidentified Speaker, -
WE'RE GOING TO PUT THIS PUPPY TO BED WITH A DEAL THAT IS GOOD FOR AMERICA. WE ARE NOT THERE YET BUT WE CONTINUE TO WORK ON AN. THEIR STATEMENT ABOUT...
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| 00:29:10 |
Unidentified Speaker, -
ISSUE PALES IF WE DO NOT GET THIS THING RIGHT. WE ARE NOT A PARLIAMENTARY SYSTEM. THE WHOLE NOTION OF CHECKS AND BALANCES FORCES COMMON GROUND AND THEY...
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| 00:30:12 |
Unidentified Speaker, -
PARTY LINES TO BE WITH US HERE TODAY. PLEASE JOIN ME IN THANKING THEM VERY MUCH. [CAPTIONING PERFORMED BY NATIONAL CAPTIONING INSTITUTE] [CAPTIONS COPYRIGHT...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.