Deep establishment. Is a process. You cut government spending, increased taxes in order to balance the governments books but you fail. Yes, you reduce government expenditure, but on the other tax, the economy shrinks so a reduced and your books dont balance a you cut even more. It shines even further and cut more, so it is a neverending downward spiral. Amy then six weeks after Hurricane Maria hit puerto rico, millions still lack clean Drinking Water and electricity. Just back from puerto rico, we will bring you a report from the interior where the storm has exploded the fault lines of poverty and austerity. My name is carmen. Everything here was destroyed. It is not easy to be struggling like this, doing everything by hand. There are Sick Children and elders. That is how it is here. My father vanished. He died. So that hasnt been easy for us. We are alive. We have to thank god amy all that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im
Elites benefit from global capitalism with former greek finance m minister Yanis Varoufakis. Is due book, adults in the room my battle with europes deep establishment. Is a process. You cut government spending, increased taxes in order to balance the governments books but you fail. Yes, you reduce government expenditure, but on the other tax, the economy shrinks so a reduced and your books dont balance a you cut even more. It shines even further and cut more, so it is a neverending downward spiral. Amy then six weeks after Hurricane Maria hit puerto rico, millions still lack clean Drinking Water and electricity. Just back from puerto rico, we will bring you a report from the interior where the storm has exploded t the fault lines of poverty and austerity. My name is carmen. Everything here was destroyed. It is not t easy to be strugglig like this, doing everything by hand. There are Sick Children and elders. That is how it is here. My father vanished. He died. So that hasnt been easy f
Friend from california said this amendment kills this bill, doesnt kill anything. The only thing it does assess look at it on the road if its not working, will stop it. Whatever we all like to be able to stop it if its not working . This is a prime opportunity to be able to stop and fix it. He also said the difference between those of us on the side and those on the other side is on the side, we believe this is legislation that will work. Its Important Committee and we have smart people here. We dont have to rely on what we believe, we can get the data, we can get the facts, when get the true facts and base our arguments and legislation in good, solid data. If you do that theres some things you can glean from this. This bill is 2. 3 trillion to the national debt. If this happens it will hurt the local government, and the people that we represent. Well have to come back and look at cuts from infrastructure, crime, opiates, to medicare. That doesnt help anybody that we represent. The fac
Lawmakers just finish their second day work on the House Republican tax reform plan. This markup is expected to continue through thursday. Live coverage resume son cspan three or cspan. Org or listen on the cspan radio at. We will show you the first part of todays market. [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] the committee will come to order. Yesterday evening we left after the adoption of the brady amendment. It is my intention to have votes today pursuant to committee will 19. Where i postpone votes with the addition of world series announced is necessary. Either any further amendments to the amendment in the nature of the substitute . Mr. Chairman . For a purpose to seek recognition . Reporter personal privilege. Yes, sir. Yesterday we had an Interesting Exchange about the impact of the past are provisions and whether some of the owners who use this to take advantage of deductions that are not be liable to others, is the famous basketball coach example. Mr. Bur
I appreciate members participation during yesterdays igs session. I was glad to hear everys initial thoughts. However, a number of issues were raised yesterday that in my view warrant some additional responses. First at characterization of the bill as a massive tax cut for the rich that particular claim was repeated by almost every minority member of this committee. The problem with that claim is that its just not true. The joint committee on taxation a nonpartisan congressional scorekeeper has concluded not only does the bill maintain the current level of progressivity in the tax code but the largest tax cuts in terms of percentage of income will go to middle income earners. I understand that the districtsal analysis is inconvenient for the democrats who are committed to the narrative that republicans intend to give the socalled rich a huge tax cut. But jcts analysis shouldnt be ignored altogether. Secondly, there was the repeated claim supposedly placed on jct analysis that the bill