Herman it expansion on section 179 and other longerterm extensions and the president blew it up so we will do a clean one year deal. Does that, kate your task next year . Yes we will have more work to do but this has more uncertainty. One question on that part of the president s objection is the income tax not being extended here which is some thing you talked about and supported. Even if youre unhappy with him on this point you take the point on income tax credit . I do intend taking up the issue on reforming income tax credit i put up a lot of put up a plan on a lot of issues surrounding poverty and i think it needs to be improved and there is some issue that needs to be addressed but those were stimulus parts of the tax code which if you recall the pitch arry summers and other made, deal. In that atmosphere what is our honest assessment of the chances for good tax reform really taking shape. It will not be for a lack of trying. We think it is fundamentally the key cornerstone for fa
Growth reflects a widely held view that the economy is still returning to the full utilization of its resources. Several factors are supporting this growth. Fiscal policy has shifted to a generally neutral stance, aided by the ryanmarie agreement reached at the end of 2013. If Congress Continues to act without harmful austerity, fiscal policy will continue to be conducive to strong growth. Consumer spending has picked up, reflecting savings from a recent drop in energy prices, the ongoing improvement in household finances, and increased economic optimism. There is continued room for growth in business and residential investment. The slowdown in growth for many of our key trading partners is however, a headwind for the u. S. Economy and a Downside Risk to the nearterm or cast. The later years of the forecast window, we assume that the rate converges to the two point 3 rate of potential gdp growth. This matches the latest forecast by the bluechip panel and is generally in line with recen
And make sure we make the investments we need to make america safe and growing and make sure everybody is participating, and a matter what they look like, where they come from, where they started, they have a chance to get ahead in this great country. That is what i believe, that is what you believe. Lets get it done. Thank you, and god bless you. God bless the United States of america. One of the budget issues that will be debated in the Republicancontrolled Congress is spending for Homeland Security. And whether or not to try and block the executive order on immigration. We spoke with a capitol Hill Reporter for some background. Nancy of men of it joins us ognanovich joins us. President obama released his Budget Proposal for 2016. Congress is still working on 2015. Why . Last december, there was resistance from some parts of the House Republican conference to include the Homeland Security bill in the omnibus package. Some credit critics thought by hop holding back Homeland Security o
The accountable pool of students in order to avoid being sanctioned. And so there needs to be some mechanism in an accountability policy to account for that dynamic. One of the concerns, there also needs to be, if theres a cap some degree of flexibility to allow for natural variation in the share of students at a given school or even at a given district that might actually be appropriately excluded from the standard assessment. And so i think those policies have been a bit more rigid than they actually should be. But there needs to be some mechanism and im not the one to tell you the details of how to do it. Thank you, dr. West. I commended the committee. A suggest wouldstudy would suggest that half of the kids dont take the tests. But youre right. There are going to be variations. Thank you mr. Chairman. Thank you, senator murphy. I asked senator murray if she has any closing remarks. I would just say that there is tremendous interest on our side of the aisle in fixing the no child le
We just experience. It is. We have seen three times as much snow on average. All of it has a huge Economic Impact especially on the airline industry. In january, we saw an incredibly number incredible number. We have seen an Economic Impact sales figures were impacted in january due to the cold weather. Impact on people going out and shopping for cars. His shadow. Il saw this is obviously happening. Weekend . E expect this will it continue like this throughout february . Serious, real data. I would like to think i am more accurate than the groundhog. We are looking at a long winter so far at least this week. The first week of february, three storms in one week. One came conveniently after the super bowl, was fans are happy about. That one that canceled 2000 fights on monday when people were trying to get back. Another one today and it possibility of a third storm on sunday. Predictions have been all over the place. It is still a few days away so it is difficult to call. I do not want t