cover for reckless spending. alexandria hoff live in washington with the very latest. alexandria, good morning. good morning, ashley, todd last week white house press secretary karine jean-pierre said it was not over. that was four months after the president said this. speak with the pandemic is over. we still have a problem with covid. we are still doing a lot of work on it, but the pandemic is over. eight months after the president made that statement more than three years after and acted, the white house will end two national emergencies stating this, at present the emergency declarations extended to may 11th and end both emergencies on that date. this would align with the administration s previous commitment to give 60 days notice prior to the termination of the phd. the republicans to manning for spending come with the declarations needs to end now. $817 billion in stimulus checks, $678 billion in employment, 39 million in housing programs. steve scalise sharing th
$678 billion in employment, 39 million in housing programs. steve scalise sharing the statement rather than waiting until may 11th, the biden administration should join us now immediately to end this declaration and the biden administration has lagged behind attempting to keep things shut down under the guise of covid. house republicans making sure the days of the biden administration to hide behind covid to waste billions of tax paler dollars under radical agenda are over. the white house has used the national covid emergencies to defend president biden student loan forgiveness program but this also allowed title 42 border policy to remain in place. the administration warns abrupt end to it is insight, if hr 382 becomes law and title 42 restrictions in precipitously, congress will be requiring the administration to allow thousands of migrants per day
but companies are pushing to repeal one left. senate decided to keep the amt, a move that saved them $40 billion. but that move shocked ce oh s and business groups. it s a 20% that kicks in if the company s tax bill is too low. it s rarely used because there are all these other loopholes. with a lower corporate rate more companies could end up paying it and lose tax breaks in the process. the biggest concern a tax credit for research and development really popular with silicon valley. the bigger beneficials are apple, intel, apple alone saved there is 678 billion last year. so tech along with other industries want lawmakers to kill the corporate amt. they claim is stifles inis vestment.
spending traditionally coming in the billions between november and december, $633 billion spent in 2016, 655 billion in 2017, and $678 billion will be spent. this is good news for the economy and vendors who own stores but not necessarily for individuals that have the money to spend and using creditors for something. that spending amount is tremendous and that is a boost to the economy. you can be saving, investing money in your future for your children s college education or giving to charity so the holiday season is a great time to think about how to make our
president obama. that is when they will sort this out. i think that is whistleing past the graveyard. guest: i totally grow. if you read bob woodward s book, you will see what went on to create some of this, back in 2011 we passed the budget control bill, you will see there was no honest political move that both sides could take. cantor wanted obamacare taken out. they wanted a de-coupling of the bush tax cuts. it was foolish. they kicked the can down the road and this time it cannot be kicked. you hear that the bush tax cuts favor the wealthy, right? let me dispell that. if the tax cuts for the wealthy are done away with tomorrow, it will raise between $678 billion and $800 billion over 10 years. guess what in if you let them expire, how about $3.7 trillion. nobody wants to talk about the