Im carl quintanilla. First up, the new push for tax reform details public for gop framework. Among the highlights reducing seven brackets down to three, doubling standard deduction, cutting Corporate Tax rate we have Team Coverage from Nations Capital y lan, well start with you. Here it is, corporate rate down 20 , businesses 25 rate. The plan also allows for at least five years of full and immediate expensing. One of the tradeoffs, the ability to deduct interest will be partially limited theres no more detail what that means. The plan has two businesses, r d tax credit and low Income Housing credit reduction for Domestic Production important for manufacturers and get the axe. Under this framework u. S. Would move to territorial tax system two rates for money thats brought back the plan doesnt specify what those rates will be. The one for illiquid assets for cash on the individual side streamline would be 12, 25 and 35 . Lawmakers do have a green light to add a fourth rate at the top.
U. S. And japanese navies. Leading off is a review of the war in pacific prior to june 1942 then new information about the japanese at the battle. This is live coverage on cspan3. We are pleased and very very proud to be hosting it. I would like to thank our partners that helped put this together. The Hampton Roads Naval Historical Foundation and world war i and world war ii come mem ri commemoration. We couldnt have done it without you. [ cheers and applause ] now, before we get going i do have housekeeping items to pass along. First of all, turn off or silence your cell phones. Keep your programs. We have something of a limited supply of those and please wear your fwbadges throughout the da. Keep in mind we are on cspan so during the q and a use the microphone deployed here on the square. At this time i would like to bring forward my counter part john pentanjelo who will make some remarks, john. [ applause ] thanks, chris. Good morning and welcome. The Hampton Roads naval hue see yum
And hank kudzik, also a navy veteran, make up the panel. I cant tell you how excited i am to be here today. Thank you, wes, and jim, and the American Veterans center. Ive been here all day yesterday. I was at the Wounded Warrior experience. Its tremendous to read about history. As we heard from general richie yesterday, its more important that were hearing it from those that participated in history. And we get to hear it from some phenomenal and amazing men and women that weve heard from the last couple of days. The mofford marines, i never heard that story before but ill be reading more, how can you not be interested after that . What i thought i would do is just give you a brief overview on the battle of midway. But really keep my portion short, because i think we all want to hear from these three gentlemen that were there. And the can offer much more information than what i can give you. But i will say, in the last five to ten years, were very fortunate, some fantastic books have be
Political influence of blacks and hopes that will bring social economic benefits. They will flow national. Elect more black officials these other benefits will flow national. Thats really been a key strategy of the civil rights leadership. Particular since the 1960s in the wake of the passage of Civil Rights Act of 1964 and voting rightsing a of 1965. They made an effort to elect more black officials. I thought that the Obama Presidency was really the culmination of this effort. Everyday of the Obama Presidency it will be a good time to assess that strategy. Host what as far as the gains made or not made, how would you square that out . What would you say in either category . Guest i dont think it panned out the way the architects of this strategy hoped. Thats not necessarily due to obama policies. The book partially a critique of those policies. Its a broader critique of trying to move a group from poverty to prosperity, primarily through political means. I think that once again obama
And im ama daetz. This is the second in a series of storms this week. Looking outside, its pretty clear. Nice shot. It is indeed. But all about to change. Going back on storm watch. Sandhya patel. In just a matter of hours be poured on. Clouds are gathering. Rain not here yet, storm intensifying off the coastline and as it continues, going to work its way from the southwest northward. Going to slam southern california. Storm impact scale is one, moderate to heavy rain in the morning. Ponding on the roadways and strong gusty winds. 5 00 aim, rain moving from n from the south. Pockets of heavy rain. Continues through 10 00 a. M. If youre commuting and includes a drive, going tock drenched. Strong winds and difficulty driving because of the wind and rain. Walking, have boots, going to need them. This is not only storm im tracking. Ill be back with the weekend and beyond. Promising news for people who just returned to homes around the oroville dam, theres no immediate threat of flooding ev