Sen. Orrin Hatch on Corporations, Spending, and Growth

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Judy Woodruff speaks with Sen. Orrin Hatch on the future of the economy at The Atlantic's Wednesday event "Building the Economy & Jobs of the Future" at the Newseum. We're live-blogging below.

10:00 We need to get entitlements under control, and I intend to fix entitlements as Senate Finance chair in 2013, Hatch says.

9:55 In 1980s we had 37 of top 50 companies in the world. Today we have 16. "That's pretty pathetic," Hatch says, and he blames government spending and regulation. The G20 average corporate tax rate is in the mid-20s, he says, and we should get there too. He also calls to expand H1Bs, too.

9: 45: Hatch starts by talking about education. It pays to go to high school. It pays to go to college.

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Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

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