Reading of the history of the fed. R more importantly is to look forward to what we presume chairman powell will do. Scarlet that enough it will come at around 3 00 p. M. Eastern time. He is set to make an announcement in the rose garden. Michael what do we really know about jay powell . A lot of people expressing ancerns about him not being economist. He went to princeton and georgetown law. He was a lawyer but went into investment trading and he worked a number of the biggest houses on wall street. Deals and then he went into government and worked for George H W Bush funding the government and supervising financial institutions. A lot of experience before joining the fed. What do we know about what he wants to do . Let us take a look at some of the things we know he has told us. He knows that economy is growing at about 2 , and we are close to full employment. Inflation is going to move up to 2 , according to mr. Powell. Low productivity is the biggest reason we seeing depressed wage
Pres. Trump thank you very much, i would like to thank the republican members of the house ways and Means Committee who are here today to discuss the credible plan to cut taxes. It is reform and lots of other things but were cutting taxes. It will be the biggest tax cut in our history. There is nothing more important to our economy. You see how well our economy is doing . This can really bring it to the next level. Before we begin i want to make a brief announcement. I had an excellent meeting today with chairman grassley and other lawmakers on Immigration Reform following the terrorist attack in new york. I am calling on congress to immediately terminate the visa lottery program. This Program Gives out visas simply because people are randomly selected in an annual lottery. And the people put into that lottery are not that countrys finest. We know that the program presents a significant vulnerability to our National Security. Its a very Unsafe Program for our country and were not going
The house ways and Means Committee begins its work on the republican tax reform plan monday. Watch live coverage monday starting at noon eastern on cspan two and cspan. Org. Listen live using the free cspan radio app. President trump spoke on the latest effort on tax reform. This statement to the media is about 15 minutes. Pres. Trump thank you very much. I would like to thank the republican members of the house ways and Means Committee who are here today to discuss the credible plan to cut taxes. It is reform and lots of other things but were cutting taxes. It will be the biggest tax cut in our history. There is nothing more important to our economy. You see how well our economy is doing . This can really bring it to the next level. Before we begin, i want to make a brief announcement. I had an excellent meeting today with chairman grassley and other lawmakers on Immigration Reform following the terrorist attack in new york. I am calling on congress to immediately terminate the visa d
Lowincome families will never see a dime of benefit from the Child Tax Credit because they simply do not earn enough. Instead of improving the credit and placing it within reach for working families, republicans would do the opposite under their proposal. While the credit would be expanded to 1,600, the restrictive eligibility requirements that prevent lowincome families from claiming the credit would still remain in place and the new quote unquote, Family Flexibility credit created under this bill would expire after only five years. Many families have enlisted military members with more than two children would continue to be ineligible for the full credit and rural families as well are left behind because many do not earn enough to qualify for the full credit. Adding insult to injury more than 4 million low income immigrant workers would no longer be able to claim the credit for their u. S. Citizen children. My amendment would ensure that all families are able to benefit from the Chil
[roll call] [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] a gentle man is not recorded. [roll call] [roll call] the clerk will report the vote. 16 yeas, 23 nays. V. Amendment is not agreed to. The question now is on the amendment by mr. Pascrell of new jersey and the clerk will call the roll. [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] the clerk will report about. The vote. 16 yeas, 23 nays. V. Amendment is not agreed to. Are there any further amendments in regard to the amendment. For what purpose does the gentle megentleman seeking amendments . The point of order has been reserved. Ive asked the gentleman to suspend the [inaudible conversations] the gentleman continues to reserve the plaintiff worker come i. The amendment whats equitable is equitable. Equitable. Equitable. What can and does very simply as it will eliminate the state and local Tax Deduction that corporations are currently allowed to deduct f