Ways vehicles can become more energy efficient. Representatives from General Motors, toyota and center for Automotive Research. The committee will come to order. A little unusual to be here at the Convention Center for an energy hearing, but i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show surrounded by the latest and greatest the Auto Industry has to offer. I am joined this morning by senator stabenow from the great state of michigan. She tells me while the washington auto show is good, the Detroit Auto Show is great. That might be the rlocale next year on the same subject. I appreciate you sitting in for senator cantwell. I understand senator manchin will be with us, but i want to thank the city of washington and the National Auto Dealers Association that puts on the show every year for helping us coordinate the hearing. The host of technologies that ha
Good morning. The committee will come to order. A little bit unusual to be here that Convention Center for an energy hearing. But i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show, surrounded by the latest and the great the Auto Industry has to offer. Im joined this morning with vice senator stav no from the great state of michigan and she as if krjed me that while the washington ought so show is good, the detroit ought so show is great. So that might be the locale for our next field hearing next year on this same subject. I appreciate you standing in or sitting in for senator cantwell, our Ranking Member on the committee. I understand senator mansion will also be with us but he is enjoying the auto show right now and he will be here as soon as he can steal himself away from some of the latest and greatest. I want to thank the Washington Area new Auto Deal
Good morning. The committee will come to order. A little bit unusual to be here that Convention Center for an energy hearing. But i think it is certainly appropriate given the subject matter that we have today. I certainly didnt mind the short commute over here. But it is a great setting to be at the auto show, surrounded by the latest and the great the Auto Industry has to offer. Im joined this morning with vice senator stav no from the great state of michigan and she as if krjed me that while the washington ought so show is good, the detroit ought so show is great. So that might be the locale for our next field hearing next year on this same subject. I appreciate you standing in or sitting in for senator cantwell, our Ranking Member on the committee. I understand senator mansion will also be with us but he is enjoying the auto show right now and he will be here as soon as he can steal himself away from some of the latest and greatest. I want to thank the Washington Area new Auto Deal
Johnson johnson, well fargo and many more. Google going on a costcutting mission. How will this company known for growth cut back . Shares of google right now, shall we . Maybe no. Maybe so. They are up 16 at 5. 63 a 3 rise on that news. But we do start with the iranian deal. It may take weeks or months for the money to start flowing but the speculation has begun about who will get into the Islamic Republic first. Our coverage begins now with morgan brenner. What have you found, guys . You snuck up on me there. A sneak attack. So its not a done deal yet, still months and several hurdles away from sanctions being lifted, but there are a wide array of companies that could benefit long term so lets start with oil majors exxon mobile bp and royal dutch she will have all been taking steps to explore the possibility of doing business. All of the stocks are higher today. Now, if they start investing that could also boost Oil Field Services companies so Schlumberger Halliburton international a
Having an adequate revenue base is important. You are recognized. I think we all agree we have a tax cut that is 30 years old and despite having an economy that is vastly different than it was 30 years ago, i think we all probably agree we need to undertake a comprehensive tax reform. My concern, the concern of a lot of us here, for eight years we had ballooning just, well over 20 trillion. We need to put in place a tax code that promotes growth and is in a position to reduce the debt. I worry when i hear from this testimony where she states when trade deficits turn into surpluses the border adjustments will lose revenue. Mister lindsey, do you agree with the statement and can you walk us through the impact the assessments will have on the deficit long and shortterm . I will take 30 seconds to say what congressman sanchez said, this was a new idea that sprung out of some talking points, this was a tax structure that was discussed when i was in graduate school and considered i was not i