Video archive of the US Congress

Senate Proceeding on Jul 29th, 2010 :: 5:15:15 to 5:18:35
Total video length: 10 hours 27 minutes Stream Tools: Stream Overview | Edit Time

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Ron Wyden

5:15:11 to 5:15:33( Edit History Discussion )

Ron Wyden: do that. tell me -- i don't want to mislead anyone on this, i don't want to mislead the public who's watching but also make sure i'm correct. mr. wyden: i want to thank my he colleague. senator gregg and i sat for the better part of two years working on this bill. and i think everyone here appreciates colleagues supporting their legislation

Ron Wyden

5:15:15 to 5:18:35( Edit History Discussion )
Speech By: Ron Wyden

Ron Wyden

5:15:34 to 5:15:55( Edit History Discussion )

Ron Wyden: i appreciate your kind words. and i think you're right with respect to the leaf and colleagues will see that -- relief and colleagues will see that whether it is the heritage organization or the brookings analyses done by other institutes. even apart from our piece of

Ron Wyden

5:15:56 to 5:16:17( Edit History Discussion )

Ron Wyden: legislation, that we get at the central question that you're talking about. the current tax system is broken. it is broken and we are not going to get the country where we need to go by just k tinkering here and there. and i want to give a couple of examples because i think that's the central question. are we going to make a break

Ron Wyden

5:16:18 to 5:16:40( Edit History Discussion )

Ron Wyden: with a broken system and look forward or are we going to do what has been done year after year after year, which is just to tinker w and cause more problems? and here's the heart of it. what we are seeing every few years there are

Ron Wyden

5:16:41 to 5:17:01( Edit History Discussion )

Ron Wyden: thousands of changes in tax law. so that means all the small businesses, and you were a small business leader before you came to the senate, all of those small businesses trying to compete in these tough global markets, incredibly competive markets, don't even have any certainty and predictability of

Ron Wyden

5:17:02 to 5:17:23( Edit History Discussion )

Ron Wyden: what's ahead. they're not in a position to be able to know what the federal government, and particularly the i.r.s. is going to do in terms of taxes, and that additional chances for them to make changes in their production, in their workplace,

Ron Wyden

5:17:24 to 5:17:47( Edit History Discussion )

Ron Wyden: productivity areas. and it just defies common sense. so the fact that there are these thousands of changes every few years, in my view, is very antibusiness and particularly anti-small business. then the second point that you touched individuals. the reality is today the current

Ron Wyden

5:17:48 to 5:18:08( Edit History Discussion )

Ron Wyden: tax system is so complicated that most americans don't even know when a tax break has expended to them. and you and i have you made the central point here. in the stimulus legislation, in the recovery act th

Ron Wyden

5:18:09 to 5:18:29( Edit History Discussion )

Ron Wyden: were $300 billion worth of tax cuts put into that legislaon. $300 billion worth of tax cuts. if you and i left here today and walked the streets in anchorage

Ron Wyden

5:18:30 to 5:18:35( Edit History Discussion )

Ron Wyden: or portland or wherever and asked people about the stimulus legislation, people would know

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