Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i
Tax rate of those companies to be reduced. And thats why were talking about this subject. So it appears that having a bow tie is not an indication of prof sor yal stature but tax planning. John, you started us off by talking about the fact that your view, this set of practices were a symptom of a larger set of drivers in the Corporate Tax structure and that ultimately and i think you wouldnt get any disagreement with anyone here we need to be addressing those larger drivers. But in the context of the current debate, first of all, can i ask you to ask would the measures that steve and steve have put on the table be effective and then we can go beyond that to say should treasury take it. Lets start with the effective. So the answer is i dont think so. But theres an overarching point before i get back into the weeds which is why are we trying to raise the bar so it will be harder for companies to leave the United States. Why arent we trying to do something to make it more attractive for t
Chamber on january 6th. Several lawmakers have tested positive for covid since the attack including 75yearold bonnie watsoncoleman of new jersey, a cancer survivor who blamed gop colleagues for refusing to wear masks while sheltering in tight quarters during the attack. Russel honore will lead a review of capitol security of the attack. He is best known of the commander of the task force to Hurricane Katrina in 2005. The five says its received more than 140,000 photos and videos related to the capitol hill attack. Fbi director chris wray had this message for those who participated in the siege and may have any future plans. Were looking at individuals who may have an eye toward repeating the same violence, from january 6th alone weve identified over 200 suspects. So we know who you are, if youre out there, and fbi agents are coming to find you. This while preparations are under way, and they continue to be under way as the swearing in of joe biden as commander in chief four days ago. T
I would take all those billions of dollars being wasted right now on at the corporations, and i would put that money into three full years of the best preschool education in the entire world. If they cannot afford to do that, talk about 30 billion if we cannot afford to do that, i do not see what help we have upholding any sense of dignity, pretense of democracy, in the eyes of people in the rest of the world. [applause] i just have to add one thing to that one point i will add, to deny this to children is an act of thievery, but it is worse than stealing a car. This is an irreversible theft. You never get to live the second year of your life again. Thatthis is it you get it once. Then it is gone forever. I think the president fails to act on this aggressively, that dramatically, prophetically, to get this for us quickly i think is not just a budgetary issue. I think it is a theological abomination, a crime against the innocent. I agree. [applause] i say all the time, quoting the conve
Which will take place after the luncheon. Thank you. As i said i am Michelle Roberts from joint task force and apical are task force had the responsibility for planning and courtney being the military ceremony is support for the now girl activities. Once the luncheon is complete, the president come to the first lady the Vice President of the second leg will be escorted out to these front of the capital where they will be greeted by mage or general michael lamington the commander of the task force and he will escort them down the steps to take what is called the path in review in the and the path in review essentially is the president ial escort unit which is comprised of approximately 387 servicemembers followed by each of the Service Armed guards and the u. S. Army band as well as the marine corps band. And they will go past the president s location on the east front of the capital and once they complete the path in review, then the president ial escort follows the more decayed and th