Bill the house is voting for a three year 8 billion ban bandaid, why . Because to re finance the export import bank, congress is playing politics with the nations highways and the house is start being its summer recess tomorrow meaning a longer term transportation solution will not be debated until the fall. That is textbook kicking the can. Now here is why this matters. Americas infrastructure rates a d plus, power communication water power more, they get no more than a dplus grade on a report card, put out by the American Society of Civil Engineers. America needs to spend 3. 6 trillion by 2020, and not only are we doing enough to modernize our infrastructure, were barely maintaining what we have now. It used to be the envy, now were following behind the rest of the world. Down from seivet i seventh in 23. In case youre wondering, hong kong, singapore and the United Arab Emirates took the top three places last year. Hong kong, that joe biden said had an airport so great, you would thi
John thank you. The phrase, the American Dream came from a book written in the midst of the depression. The author wrote america is that dream of a land in which life should be better and richer and fuller for everyone. And for many people the dream has come true, now im told somethings wrong. The dream is no longer accessible, this summer a poll asked people is the American Dream suffering or alive and well . And 75 said suffering. Is that true . I mean, what do you think, audience . How many of you think the American Dream is still as achievable pretty much as it was before. [ applause ] how many of you feel not so much . Its changed. [ applause ] pretty pessimistic. One man who people say has lived the American Dream and created it for many others is the man whos been called the most powerful man in las vegas, and thats steve wynn, the founder of wynn resorts. [ applause ]. John they like you in this town. Lets take a poll. [ laughter ] so you have made your youre a selfmade multibi
Will propel the coiled spring of the u. S. Economy lets give you a snapshot of this group, which represents about 14,000 u. S. Manufacturers to show you why they are so optimistic first, they are mostly small businesses, who will get passed at the pass through rate their employees are compensated higher than the average u. S. Worker, but they pay nearly 20,000 per employee in order to comply with federal regulations. That is why the president s speech, according to Senior Administration officials, will talk first about deregulation, the various ways that he has and continues to plan to cut red tape for businesses. Then he will discuss lower rates as a springboard for manufacturing and for the u. S. Economy. And also this theme of onshoring, the incentives that they believe the plan provides to bring capital back from overseas to the u. S. By incentives such as repatriation treatment and also more favorable treatment of capital investment, which is so crucial to this group that invests
[inaudible] will get started here. Welcome. Im pe peter and i think you all for coming today. This is entitled the homestretch for major tax reform. We crossed a hurdle today and house as they agreed to the Senate Budget proposal which paves the way for reconciliation for tax reform package. The Cato Institute released the eighth edition for our recommendations begin on page 45. Therefore the chapters that deal with fiscal policy. Mark copies please contact me. You can also go to cato. Org. Ryan born occupies the chair. Hes written on Economic Issues including fiscal policy, minimum wages and rent control. Before joining us he was head of Public Policy at the institute of economic affairs. He has extensive broadcast and print media experience and has appeared on bbc news and he also writes weekly columns for both the Daily Telegraph and the london paper. We will leave time at the end for q a. All have a short announcement before he leaves. But for now lets welcome brian form. [applause
Which is tomorrow when we have a sunday soaker in the forecast. From tomorrow through tomorrow night we have issued a first alert for our entire region although different impacts for different regions as we go through your sunday we are looking at heavy rain likely, some thunderstorms possible, strong wind gusts very likely and some localized flooding also possibility as a result of the heavy rain we are expecting. Now tharks is for our sunday. And we are looking at a very different forecast today. Look at our radar and satellite. Not an issue on the board. Looks very nice, fairly clear and were talking mostly sunny conditions with just some sprinkles possible into the evening. Now lets go wider. This is part one of the issues for our sunday. Theres a cold front moving our direction. The storm center sitting farther to the north. Thats coming our direction. That rain is moving our way. That alone will kind of cause issues for our sunday. But we are combining that with moisture from dow