To the wet roadways or not but be very careful, slick conditions but more than three accidents right now. Oh, boy. Thankfully not ice but you can never let your guard down on a light rain like this and scattered showers, that messes with your commute and it will slow you down, so yeah, heed warning it seems as though, folks have already been trailblazers on the road are running into some issues, weather related or not but thankfully the rain is pretty scattered, at this point, most confined as you will notice in the three hour loop looking at current tristate sweep most confined across new jersey, toward the shore counties atlantic, cape may, ocean, it is all generally light to moderate rain at worse but good news even up to the northern most suburbs, you will notice it is all green. There is no icing, no worry of that. Look at the temperatures in mount pocono at 41. Simply too mild to worry about that, and temperatures are going to, only rebound from here despite this being a cold fro
Have i want to remind my colleagues once again that this is a tax markup. We have had quite a bit of discussion about the individual mandate and what that might mean for the impact. The individual mandate is part of the tax code. It is well within the intended scope of the market. To rule any amendments that go beyond changes to the Internal Revenue code nongermane. I will rule in nongermane amendments that would put the modified market out of compliance with the committees reconciliation instruction. That we will proceed to the consideration of amendments. We will begin by debating to amendments proposed for 20 minutes. After which we will vote on both amendments. Once we have voted on those we will call on to more amendments proposed by the Ranking Member for 20 minutes and vote on those as well area well. We will see where we are. Wyden the amendments and 146, our5 transparency amendments. Are we have here some of the materials that layout record compiled from the bipartisan 1986 ta
We will come to order. Oury, we will consider consideration of the tax cuts and jobs act. Promised, wes delivered to members a modification that we will incorporate this morning. After that, all we will walk through the modification. Members will get an opportunity to discuss and ask questions about the modification. Once that is complete, it will be open for amendment. I want to thank my fellow committee members. Include a number of their amendments in the modification in the mark. I think the market will be better for it. Process,outset of this producing this legislation has been a group effort. I want to thank all of you for your hard work. Lets talk about the modifications. These are not see changes. The core remains the same. Complaints that the walkthrough was a waste of time were misplaced. One modification of the initial mark which will benefit american is a greater expansion of the Child Tax Credit. Bring it to 2000 per child. In addition, we will lower tax rates even lower th
Ill come in under my time. Hes not here anymore. Where did he go . Will you be able to answer the question . Im sorry to put you in this position. Mr. Hatch is mr. Barthold coming back . Ill wait until he comes back. Hes coming back. Is that all right . On page 1 of the distribution effects of the chairmans modification if you look at the bottom left, 1 million and over you see that . And then it says change in federal taxes for the year 2019. What does that say about the top 1 . In term os whether theyre getting a tax benefit or tax cut . I dont want to apply the one million over represents the top 1 but for the 1 million and over income category, thing a refwat tax reduction for that 33. 6 billion. Mr. Bennet and could you tell me what benefit they get with respect to the estate tax . We dont distribute the aggregate effects of the estate tax reduction in our distribution tables. Here come ours savior. My savior in particular. Mr. Bennet mr. Barthold, im sorry to do this to you, mr.
Abigail we looking at the end of november. We are at major averages and we are looking at mixed trading action when we had been looking at games for all three major averages. Putting in a set of alltime highs, but behind this choppiness is the fact that we are looking at small declines from s p 500 and the nasdaq. A report from Tokyo Broadcasting System saying the japanese government received a signal that is same as north koreas preparation for a Ballistic Missile launch. A little bit of a risk off tone to that message. Not sending stocks spiraling down, but we will be tracking the story. We are coming toward the end of the month of november. For the dollar, we might be looking at the first monthly decline for the month of november in a decade. Down nearly 2 on the month, on pace for a source month since july. Not clear whats behind it. Perhaps with the change at the head of the fed and that how will b how will will be more dovish than expected. Lets take a look at the commodity compl