In a perfect world we would bring corporate tax rates down to 25% or less so we can get competitive in the world economy. Ultimately, I would love to see a flat tax.

Again, the American people expect us to do what they are doing. It's tightening the belt, it's learning how to do more with less. That's a reality today, and we've got to do that in order to get the private sector growing.

The issue for us is rebuilding a governing majority that is comfortable with differences that can transcend the divisiveness and unify behind the principles that we know our party has succeeded on.

I just am a believer...that there are some things that happen for a reason...We may not be able to really discern it now...[but] given the perspective of time, I think we're going to be able to look back at this, and what seemed really bad at the time may turn out to be really good.

It is my hope that I can stand before you in two years and report back that our side, as well as the president's, found within us the ability to set differences aside, to provide relief to so many millions of Americans who simply want their life to work again.

The Republicans have put together serious detailed counter-proposals when we have objected to this administration's agenda. And so, I want to tell the President and remind him again, we're not voting no for political expediency. We've got our principles, and we're going to stand up and defend those.

I am hopeful for the American people that we can actually improve the outlook for bringing down costs in health care.