About the president s 2017 budget. He answered questions about puerto ricos debt crisis, tax code reform and a proposal for a new tax on oil. This is two hours, ten minutes. The committee will come to order. Todays hearing is on president obamas budget for fiscal year 2017. I particularly want to thank secretary lew for providing for appearing before us this morning and providing his time for us. While there are some hints about some of the details in advance, Congress Officially received the president s Budget Proposal yesterday. And as has been the case particularly under this administration, what we received was not a practical vision for the future. Weve going to have to have order here. As has too often been the case, what we received was a not a practical vision for the future but designed to sewuency constituencies. He looks to raise taxes on hard working americans, including some special new regressive taxes that are being packaged as, quote, fees unquote. With all the revenue
Way. Yesterday we made progress advancing two of the major components of the u. N. Resolution. The trucks are lined up. The permissions are being granted. They should flow today or tomorrow. In the wee hours of friday morning, we agreed that the sustained delivery of humanitarian aid will begin this weekend. First to the areas where it is most urgently needed, then all those in need throughout the country, particularly in the besieged areas. The u. N. Has said that the trucks are loaded and ready to go. We established a task force which has met already for the first time in a geneva, and will report regularly on the progress to guarantee the delivery of this aid. The issg also agreed to implement a nationwide cessation of hostilities to begin in one weeks time. Why a week . For the simple reason that the modalities have to be worked out. And people have to be communicated to in order to not have it start with failure. This will apply with any and all parties within syria, with the exce
David . Were very, very close to an agreement. We need to protect American Families and job creators from this looming tax hike. Everyone afrees that that action is necessary and i can report that we have reached an agreement on all of the tax, the tax issues. We are very, very close. Adam close but you no cigar. The u. S. Falls off the fiscal cliff at midnight despite something in the work. You heard what Senate Minority leader Mitch Mcconnell said earlier today. We have members from both the house and senate on what happens next. Im adam shapiro, in for melissa francis. On money the capitalgains tax in the crosshairs. The capitalgains tax will spike in the new year. How can investors protect themselves from the coming blow . Respect your elders or else. A parents dream, a childs burden. Adult children forced to financially support mom and dad and pay regular visits in one major country. Well tell you where and why theyre doing it. Even when they say its not, it is always about money
Adam and a happy new year, everybody. 2013, and that sound you hear is your taxes going up. Rich edson, minimum for most americans taxes will go up a minimum 1000 depending on how much you make, correct . That is right. Depending on whether or not the senate and the house can pass this deal is leadership has agreed to. What you have got now are essentially broadbased tax hikes. The questions were getting over the fiscal cliff, technically we are in this gray area riggt now where administratively puts things off because we do have an agreement on legislation. Still has to go through the house and the senate at this point, but technically speaking here we are over the fiscal cliff. Adam 620 billion in new tax hikes, this will not taste good later this morning republicans in the house. Well have to consider this next. Rich he still has to sell this thing. The publicans in the house if they dont come along on this thing, they will be the ones who have gone back on a deal. Approval for the
Are and who we want to be. As a federal judge upholds the nsa xfone collection Records Program exposed by Edward Snowden, new details emerge about a secretive nsa unit hacks into computers around the world. Sometimes the nsa even intercepts computers purchased online in order to place spyware on them before the customer receives them. We will speak to journalists Glenn Greenwald and Jameel Jaffer of the aclu. There is a broader pattern here in which the courts are advocating their role under our constitutional system. They are supposed to be ensuring the Governments National Security Policies are consistent with the constitution. Instead, what is happening as many of these challenges are being thrown out at the threshold. Despite longterm unemployment being at its highest level since world war ii, 1. 3 million americans have just lost their Unemployment Benefits. We will look at why. All of that and more coming up. This is democracy now , democracynow. Org, the war and peace report. Im