I believe that capital gains tax cuts would help do the job and would more than pay for themselves. But beyond tax cuts, there are many other aspects of the economy that must be addressed. This economy runs on energy. If we do not find new sources to meet our energy demands, we will fail to achieve our full economic potential. Utilities are among the most capital intensive in America, and this Committee intends to look after our nation's capital formation ability.
Regulations continue to hold back the American economy.
These excess costs are particularly burdensome to companies in a downturn. So right now, companies' ability to absorb every whim of Washington is limited. The United States is a great market, but the real growing potential markets for our companies are Third World and developing countries. Over the last decade, the American economy has expanded like never before because of the brilliance of engineers and scientists who've created the computer and electronics revolution. Some would say now that too much money was poured too fast into the tech sector, but I would argue that the rush of the past few years pushed the innovations farther and faster than otherwise would have been possible.