| 00:00:32 |
Dreier, David - U.S. Representative, [R] California
MEETING WILL COME TO ORDER. >> I WAS TOLD HE WAS GOING TO BE HERE IN A COUPLE OF MINUTES. THAT WAS ABOUT EIGHT MINUTES AGO. I'M LOOKING AT MY WATCH....
|
| 00:02:23 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
OF THEWAYS WAYS & MEANS COMMITTEE. WE HAVE MR. LEVIN HERE. THEN WE'LL GO TO THE CHAIRMAN WHEN HE ARRIVES. >> HELLO TO EVERYBODY. LET ME MAKE A COUPLE...
|
| 00:04:58 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
HOPE WE'RE ABLE TO. WHY DON'T WE TAKE THE TESTIMONY. >> PLEASE. THANK YOU FOR YOUR COMMENT. MR. CHAIRMAN, GO FIRST. WE SAID HELLO EARLIER. >> YES,...
|
| 00:09:05 |
Dreier, David - U.S. Representative, [R] California
DESTROY OVER 710,000 U.S. JOBS OR MAKE THE TAX SIMPLER AND FAIRER AND CREATE MORE THAN 1 MILLION JOBS FOR AMERICAN WORKERS. I THINK THE CHAIRMAN FOR...
|
| 00:09:36 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
LONG PERIOD OF TIME BUT WE HAVE THAT REQUEST AND I HOPE VERY MUCH THAT WE WILL BE ABLE TO ENSURE THAT THE PROPOSAL THAT YOU LOOK FORWARD TO BRINGING...
|
| 00:14:06 |
Sessions, Peter "Pete" - U.S. Representative, [R] Texas
THE DISPARATE QUESTIONS PUT FORTH. I HAVE NO QUESTIONS FOR YOU OTHER THAN TO CONGRATULATION YOU ON THE POSITIONS AND ARGUMENTS. MR. SESSIONS. >> THANK...
|
| 00:15:11 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
IT SAYS AMONG OTHER THINGS THAT THIS WILL HARM THE ECONOMY. CAN YOU PROVIDE ME YOUR IDEAS ABOUT WHAT YOU THINK UP TO AND INCLUDING USING THIS REPORT...
|
| 00:18:17 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
BRIEFLY? >> I WOULD ASK THE GENTLEMAN TO MAKE ANY COMMENT THAT HE CHOOSES, YES, SIR. >> LET MESS JUST MENTION A COUPLE OF FACTS. 90% OF SMALL BUSINESSES...
|
| 00:23:53 |
Slaughter, Louise - U.S. Representative, [D] New York
IN THE RECORD, THE ERNST & YOUNG REPORT. >> WITHOUT OBJECTION IT SHALL BE ENTERED. >> THANK YOU. >> THANK YOU MR. CAMP. AND MR. CHAIRMAN LET ME ADD....
|
| 00:28:00 |
Foxx, Virginia - U.S. Representative, [R] North Carolina
BILL THE SENIOR ADVISER HAS ADVISED HE WOULD VITO IT. THANK YOU VERY MUCH. >> MISS FOX. >> THANK YOU VERY MUCH. MR. CHAIRMAN, I HAVE BEEN LISTENING...
|
| 00:28:57 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
HOW IN THE WORLD COULD THAT POSSIBLY HELP THE ECONOMY NOW IF IT WOULDN'T HELP THE ECONOMY TWO YEARS AGO? >> WELL, THE LAST THREE DEFICITS HAVE BEEN...
|
| 00:37:06 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
ME WHERE HISTORICALLY WE HAVE EVIDENCE THAT RAISING TAXES HELPS THE ECONOMY GROW? DO YOU HAVE ANY EVIDENCE OF THAT IN THE HISTORY OF THIS COUNTRY ...
|
| 00:41:42 |
McGovern, James "Jim" - U.S. Representative, [D] Massachusetts
YOU. I YIELD BACK. >> THANK YOU. I DON'T HAVE ANY QUESTIONS. I WANT TO SAY ONE THING IN RESPONSE TO THE GENTLE LADY. MOST THE REALITY IS I THINK MOST...
|
| 00:43:55 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
LOOKING FOR IS FAIRNESS HERE. I THINK THE DEMOCRATIC ALTERNATIVE REMITPRESENTS FAIRNESS AND WE AGREE ON THIS. ON THE OTHER STUFF, WE CAN HAVE IT OUT...
|
| 00:45:27 |
Dreier, David - U.S. Representative, [R] California
WILL ENSURE THAT WE TAKE ACTION ON THE ISSUE OF TAX REFORM. I PRAISED PRESIDENT OBAMA, IF YOU'LL RECALL LAST WEEK, FOR HIS CALL TO REDUCE THE TOP CORPORATE...
|
| 00:46:01 |
McGovern, James "Jim" - U.S. Representative, [D] Massachusetts
AS PRESIDENT OBAMA SAID, DO WHAT WOULD HURT US AND THAT IS INCREASE TAXES AS WE'RE DEALING WITH. >> I THANK THE GENTLEMAN. >> YOU HAVE A BILL THAT IS
|
| 00:46:12 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
NOT EXTEND THE CHILD TAX CREDIT. IT DOES NOT EXTEND THE OPPORTUNITY TAX CREDIT BUT PROTECTS TAX BREAKS FOR BILLIONAIRES AND MILLIONAIRES. WE HAVE...
|
| 00:46:41 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
AMOUNT. YOU ENHANCE REFUNDABILITY OF THAT. >> I WANT TO CORRECT THE RECORD. IN TWO CASES IT'S RELATING TO THIS IMPROVEMENT WHICH IS IMPORTANT. DON'T...
|
| 00:49:38 |
Bishop, Rob - U.S. Representative, [R] Utah
MORE. >> IT'S NOT SIMPLISTIC. WE'RE TALKING ABOUT A MIDDLE INCOME TAX CUT. >> I YIELD BACK. >> ALLOW ME TO TRY NOT TO TAKE TOO MUCH TIME HERE. I HAVE...
|
| 00:50:20 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
JOINT TAX AND NONPARTISAN TAX COMMITTEE. >> IS THAT DIVIDED BY DISTRICT BECAUSE THE IRS IN MY DISTRICT HAD A DIFFERENT VERSION OF SMALL TAXPAYERS IN...
|
| 00:52:59 |
Hastings, Alcee L. - U.S. Representative, [D] Florida
HAVE YET TO FINISH OUR WORK HERE. WITH THAT I YIELD BACK. >> THANK YOU VERY MUCH. MR. CHAIRMAN, I TOO WILL FOREGO SUBSTANTIAL NUMBER OF QUESTIONS I HAVE....
|
| 00:55:26 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
CUTS THAT WOULD ALLOW FOR CERTAINTY FOR AT LEAST 98% OF AMERICANS AND I YIELD BACK. >> I WANT TO COMMENT. THE MODEL FOR THAT WAS BUDGET. WE LOOK TO...
|
| 00:57:00 |
Woodall, Rob - U.S. Representative, [R] Georgia
BACK. >> THANK YOU. >> I'D LIKE TO ASSOCIATE MYSELF WITH MR. HASTINGS COMMENTS. I'M MORE DISAPPOINTED IN THE REPUBLICANS IN THE SIX YEARS WE CONTROLLED...
|
| 00:58:16 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
LEVIN. WHO DO YOU BELIEVE BENEFITS THE MOST FROM THE LOOPHOLES AND THE EXCEPTIONS IN THE CODE? IS IT THE MIDDLE CLASS TAXPAYERS THAT YOU'RE HERE TO...
|
| 01:01:51 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
STUDY. IT WAS INCOMPLETE. THEY CITED IT AS BEING A PRELIMINARY STUDY. THEY HAVEN'T DONE A COMPLETE REVIEW ON THAT. THE REALITY IS IF WE CAN GET COMPREHENSIVE...
|
| 01:03:19 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
THAT WOULD BE KILLED BY YOUR PROPOSAL? WHAT'S THE RIGHT NUMBER? IS IT A HALF MILLION JOBS THAT WILL BE LOST? >> THE REPUBLICAN PROPOSAL TO CONTINUE...
|
| 01:08:47 |
Polis, Jared - U.S. Representative, [D] Colorado
WAY TODAY. WE COULD BE TALKING ABOUT WHETHER THE MARGINAL RATE IS 30%. THIS BILL FIXES IT AT 35%. WE COULD BE TALKING ABOUT CORPORATE TAX REFORM...
|
| 01:09:50 |
Dreier, David - U.S. Representative, [R] California
AND MEANS COMMITTEE, IT'S DISCHARGED. IF RULES DOESN'T TAKE IT UP, IT'S DISCHARGED. I'LL BE HAPPY TO YIELD. >> LET ME SAY ON ALL THREE COUNTS IT'S NOT...
|
| 01:10:31 |
Polis, Jared - U.S. Representative, [D] Colorado
I DON'T SEE IT AS THIS INSTITUTION. THE IMPETMENT IS ON THE OTHER SIDE OF THE CAPITOL WHICH IS THE CASE. >> EXPEDITED RULES FOR THE SENATE ARE SOMETHING...
|
| 01:11:29 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
ARE WE TALKING ABOUT A DEFICIT BUSTING TAX PROPOSAL WITH A MARGINAL RATE OF 35% WITHOUT ANY TAX REFORM TO MAKE AMERICAN COMPANIES MORE COMPETITIVE?...
|
| 01:14:20 |
Nugent, Richard B. - U.S. Representative, [R] Florida
BACK TO THE CHAIRMAN. >> MR. CAMP, I APPRECIATE WHERE YOU ARE ON THIS ISSUE OF TAX REFORM. BEING NEW TO THIS BODY, YOU LOOK BACK AND GO WHY HAVEN'T...
|
| 01:15:16 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
CORRECT. >> HOW DO YOU SEE REGULAR ORDER PROCEEDING OVER THE NEXT, YOU HAVE UNTIL APRIL? >> WE SPENT THE LAST TWO YEARS LAYING THE GROUND WORK WITH...
|
| 01:17:02 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
CREATION. THAT'S WHAT WE'RE TRYING TO GET AT. THAT'S WHAT WE NEED ABOUT 41 MONTHS OF UNEMPLOYMENT. >> COULD I RESPOND BRIEFLY? >> I THINK WHOEVER WINS...
|
| 01:19:22 |
Camp, David "Dave" Lee - U.S. Representative, [R] Michigan
INTRODUCED A DRAFT TERRITORY BILL THAT'S NOT INCORPORATED THAT HAS BEEN PUBLIC SINCE OCTOBER. THERE'S, IT'S SPECIFIC. IT HAS SEVERAL DIFFERENT TYPES...
|
| 01:24:40 |
Levin, Sander Martin - U.S. Representative, [D] Michigan
THOSE SMALL CORPORATIONS THAT WOULD SEE A TAX INCREASE, I'LL TELL YOU THAT WE WOULD SEE A LOSS OF JOBS NOT AN INCREASE OF JOBS WITH THAT I YIELD BACK....
|
| 01:26:50 |
Panel Change, -
ANY WAY YOU WANT AND ALL I CAN DO IS GIVE YOU MY TAKE ON. MR. CHAIRMAN, I YIELD BACK. >> I'LL SAVE MY COMMENTS FOR TOMORROW. >> THANK YOU VERY MUCH....
|
| 01:27:41 |
Hoyer, Steny H. - U.S. Representative, [D] Maryland
THE RULES COMMITTEE. IT'S NICE TO SEE YOU, MR. WHIP. WITHOUT OBJECTION ANY PREPARED STATEMENT YOU HAVE WILL APPEAR IN THE RECORD IN ITS ENTIRETY AND...
|
| 01:30:06 |
Pelosi, Nancy - U.S. Representative, [D] California
YOU VERY
|
| 01:30:07 |
Unidentified Speaker, -
MUCH MR. CHAIRMAN. THANK YOU MEMBERS OF THE COMMITTEE. THANK YOU FOR YOUR LEADERSHIP AND DEDICATION TO BRINGING LEGISLATION AND IT ALL HAPPENS HERE....
|
| 01:39:39 |
Dreier, David - U.S. Representative, [R] California
DON'T KNOW IF YOU WERE HERE AT THE TIME, WE APPRECIATE YOU PATIENTLY SITTING THROUGH THE FIRST PANEL, WE HAD -- I INDICATED THAT I'M GOING TO REQUEST...
|
| 01:40:09 |
Hoyer, Steny H. - U.S. Representative, [D] Maryland
CAN CONVINCE THE DEMOCRATS ON YOUR SIDE PROVIDING THAT WAIVER? THAT'S WHY WE'RE VERY GLAD YOU'RE HERE. >> YOU'RE VERY PERSUASIVE. THEY MIGHT JOIN...
|
| 01:46:15 |
Recess, -
TO BE QUESTIONS. I UNDERSTAND PEOPLE HAVE OBLIGATIONS BUT UNDER THE RULES OF THE HOUSE EVERY MEMBER OF THIS COMMITTEE IS ENTITLED TO ASK QUESTIONS....
|
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.