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ICYMI: Watch Chairman Hensarling’s Interview on C-SPAN
Washington,
January 26, 2015 -
House Financial Services Committee Chairman Jeb Hensarling (R-TX) appeared on C-SPAN’s Newsmakers this past Sunday to discuss his thoughts on the President’s State of the Union speech, fundamental tax reform, the economy, and the need for Congress to pass sustainable housing finance reform.
You can watch the entire interview by clicking below. Excerpts that may be of interest:
Tax Reform: “I hardly believe that a tax increase qualifies as tax reform. Tax reform is about making the tax code fairer, flatter, simpler, more competitive.”
President Obama’s Tax Increase Plan: “This is a lot more about politics than it is economics. It’s a lot more about the politics of division and envy than it is the economics of growth and opportunity and financial security.”
Washington’s Regulatory Burden: “We need a regulatory burden that doesn’t hurt our small businesses. We need to make sure that middle income families have rising paychecks. We need to make sure they have great career opportunities. We need to make sure that they have competitive, transparent, innovative credit markets vigorously policed for force, fraud, and deception. But regrettably Dodd-Frank has institutionalized Too Big to Fail. The regulatory burden has made the big banks get bigger, the small banks get fewer, and the taxpayer poorer, so there’s a lot of work to be done.”
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