Hassett linkous insights today on the forces and constraints that are holding back private investment, labor forcedi participation and important, wages go up to get a clear picture of how the right policies can help the economy recover its full potential. The contrasting with the aging of the population, the slowing of the population growth and technological changes that altering the methods of production in america. With selfimposed constraints of also altered the way the economy performs and not in a good way. I certainly we can do something about that here in the United States congress. Id like to divert your attention to the craft showing how the Congressional Budget Office lowered its assessment of the economys output potential every year since 2007 through 2016. These 16. These are not projectionsns of actual gdp my juice but a potential the economys output capacity normally a fairly stable concept. Back in 2007 the cbo estimated the u. S. Output potential for 2016 would be over
Chairman kevin hassette about the potential approaches to overhauling the nations tax code. This is an hour and 15 minutes. Good morning, everybody. I want to welcome everyone to the most informative hearing on how we can accelerate Economic Growth in the United States, what is haute holding back Economic Growth in america has been of central interest of this committee from the conyet of my term as chairman. Our hearings have produced useful information and insights. Im particularly pleased to have chairman hassette lend his insights today on the forces and constraints that are holding back private investment, labor force participation, and important just as important as anything else, wages. We hope to get a clearer picture of how the right policies can help the economy recover its full potential. The economy is dealing with the aging of the population, the slowing of a population growth, and technological changes that are altering the methods of production in america. Self imposed co
Sos look at this, issue lefthand side of screen a gain for dow industrials a half hour from now, servers believe that the if business pays less, about the economy will grow more, record highs are coming today, all right now the new york city terror attack lend killer rl 29yearo 29yearoldyearold Sayfullo Saipov from is you about an in 20 so o not on the travel list he came to america socalled diversity visa. That is the focus of attention now. How come 50,000 people a year are let in under this program . Sayfullo saipov drove a represented truck down a bike path 8 yesterday hats off to, noers thousands turned out for the the halloween parade a mile of scene hats off to police he refused to cancel festivities no retreat, yes, it is wednesday, november 1 almost one year since election, oh what a year are it has been Varney Company is about to begin. I got oh, my gosh, oh, my god i need ambulance propriety here right here have. Tboned, come on, right there. One female that i saw you a in b
Asia. Will the president get more help from china in reining in north korea . We will take a closer look this morning. Hows minority whip steve cusco lease joining us with his take on the tax reform bill and also i will ask him about breaking news overnight. Dozens of highranking officials arrested in saudi arabia in an anticorruption crackdown by the countrys future kang. Included saudi prince. We are looking ahead right now on sunday morning futures. In the next two weeks we are expecting get the senates version of the tax plan. Republicans are putting on a fullcourt press this week after the house g. O. P. Put out the details for their tax reform plan. The measure described by some as the most sweeping changes to our tax system in decades. Vice president mike pence was in york pennsylvania yesterday to help sell the plan to small business. After his speech he sat down with the foreign exclusive interview. The Vice President said the measure is a great starting point but they are goi
Asia. Will the president get more help from china in reining in north korea . We will take a closer look this morning. Hows minority whip steve cusco lease joining us with his take on the tax reform bill and also i will ask him about breaking news overnight. Dozens of highranking officials arrested in saudi arabia in an anticorruption crackdown by the countrys future kang. Included saudi prince. We are looking ahead right now on sunday morning futures. In the next two weeks we are expecting get the senates version of the tax plan. Republicans are putting on a fullcourt press this week after the house g. O. P. Put out the details for their tax reform plan. The measure described by some as the most sweeping changes to our tax system in decades. Vice president mike pence was in york pennsylvania yesterday to help sell the plan to small business. After his speech he sat down with the foreign exclusive interview. The Vice President said the measure is a great starting point but they are goi