mr. timmons graduated from the ohio state university. welcome, mr. timmons. finally scott paul. scott m. paul is the director of the alliance for american manufacturing. which was launched in april of 2007. aam is a nonpartisan, nonprofit partnership established by some of america's leading manufacturers enunited steel workers to explore common solutions to challenging topics such as job creation, infrastructure investment, international trade and global competitiveness. mr. paul serves as a staff member to the late represent jim johns from the state of indiana and former representative peter barker from the state of wisconsin. and as the chief foreign policy and trade adviser to then house democratic whip he received a b.a. from pennsylvania state university as well as an m.a. from george town. we'll start with dr. zandy. >> thank you congressmen for the opportunity to be here today. i am an employee of the moody's operation, but these are my views i'm expressing. so you know i'm not an egg head. i did start my own company and grew into a pretty good size small business and sol

mr. timmons, i'll put this to you. critical is it when with talk about tomorrow rat tax reform that it goes beyond the "c" corporation level and moves to the "scorporation? >> thank you for asking that question because it is critical. when there's discussion to raise individual rates at the end of 2012, that will have a huge and direct and negative impact on manufacturers. the corporate tax rate is clearly a competitive disadvantage. raising rates would be a disadvantage for us as well. >> mr. zandi, you had the same position? >> yes, in a sense that i think we need comprehensive reform of the personal income tax code as well. all these issues need to be considered in a broader context. >> the reason i ask the question is it seems up here we have two debates. we have a debate about corporate tax reform. then we have a separate debate about individual tax reform. the message i'm trying to get out is there's an area in between really it's in terms of what it does. it gets taxed as an individual. what i'm hoping we can do

mr. timmons identified as something that's critical. rebuilding our logistical infrastructure and this country to move goods is also important access to credit, but life and those are the strong foundations for a manufacturing strategy. thank you. >> that's a good note to indolent. we do need a strategy. we don't have one. one hearing is not a strategy may, but i think we've had a lot of good ideas here. and it's worth repeating, as i sit at the outset, that this will be now one of several hearings we will have in the economic committee to best determine those strategies to revitalize manufacturing and to rebuild the space of our economy. i do want to thank both panels with us today and especially those who traveled a great distance to be here. as i said, the record will be open for five business days for any member to submit a statement or additional questions and the would apply to the witnesses as well. unless anything else is to come before us, we are adjourned. [inaudible conversations] [inaudible conversations] >>> oscar-winning a

mr. timmons graduated from ohio state university. welcome. and finally, scott paul. scott paul is the benedict negative director of the alliance were -- alliance for american manufacturing which was launched in april of 2007 at aam is a nonpartisan, nonprofit partnership established by some of america's leading manufacturers in the united fieldworkers to explore common solutions county public policy and job creation infrastructure investments, international trade and global competitiveness. mr. paul served as a staff member to the great representative jim jones and the state of indiana is a former representative. as a chief foreign policy trade advisory to house democratic whip david winer from the state of michigan. mr. potter and a ba in foreign service from national politics. he's mentioned as well -- as was an m.a. from georgetown university school foreign service. mr. paul, what berkeley are here. we'll start with that or zandi and the electorate. >> thank you, senator casey encompassing 3-d for the opportunity to be here today. panoply of the mideast organizati