With these tax increases while the wealthy continue to get more tax bracing. Ill yield the floor. Mr. Wyden mr. President . The presiding officer the senator from oregon. Mr. Wyden mr. President , i brought with me to the floor a copy of the justreleased analysis by the joint committee on taxation. These folks are the independent tax referees for the congress. I pushed very hard for several weeks in order to get this dynamic score for the republican tax bill because as the Ranking Member on the finance committee, i heard my colleague say week after week that all we need to get is a dynamic score and people will see the value of our bill. Well, we got the score, and the score ends the fantasy about magical growth, about unicorns and growth fairies suddenly showing that tax cuts pay for themselves. In fact, this report shows that this bill would lose more than a trillion dollars even with the dynamic score. It slows the growth of the American Economy after 2025. It is the total opposite
In connecticut, that means 468,200 taxpayers in the bottom 80 of Income Distribution will experience a tax hike under this plan. The republican tax plan ends state and local tax deductibility, which means families are going to be taxed twice. It increases the federal burden on connecticut families who already pay more federal taxes than they receive in federal funding. Now what i hear, again listening to my friends and constituents in connecticut, is that theyre willing to pay their fair share. Theyre willing to pay even more than they may receive back from the federal government if they feel the system itself is fair. Not rigged in favor of the wealthy or big corporations or special interests. And they are the ones who will benefit from this tax scam. State and local taxes paid by my constituents in connecticut are vital to supplying communities with resources that pay for essential local services. Were talking about police and schools. And, yes, infrastructure, rebuilding roads and b
He is live at the scene. Steven, what have you learned . Reporter so far weve been told the task force was out here this morning serving a search warrant about 6 30, and thats when the u. S. Marshal was shot here on mull berry street. Take a look at the scene. Weve got police all over from a couple different agencies here. Youll of course have mulberry street which is shut down. There are crime scene markers all over the street. You cant see that now that this police car just came in here and kiechb blocked our view. Also investigators, police going in and out of every home here on the block trying to talk to neighbors about this potential suspect. Again, a u. S. Marshal was killed and a York City Police officer also shot during this altercation. But his injuries, the york city detective rather, are considered to be nonlifethreatening. Harrisburg officer was also injured but expected to be okay. The names of the officers involved not released as of now, but we can tell you the public i
Wind and that moves in south jersey by nine or ten and then off the coast by 11 or midnight but biggest threat with these storms will be damaging wind and heavy rain. There is that severe thunderstorm watch for the entire area until 11 00 p. M. And high risk for downpours and damaging wind and moderate risk for frequent lightening. We will track this and i do have Better Weather news for weekend coming up in the three day forecast jessica. Track storms in your neighborhood by down loading the cbs philly weather app a. You can get latest forecast check live radar anytime down load app for free right now on google play and itunes. Only Eyewitness News has exclusive video of the fire erupting from a manhole. Buildings were evacuated until crews go the that situation under control. Syma chowdhry is live from olde city now with more on what happened, syma . Reporter jessica, it was a chaotic day for folks here in olde city when an underground fire ended up causing many Power Outages in this
Im a nervous type all the time. I have my own business so im always nervous. Reporter enough to frighten investors and vanguards chief economist, joe davis. If im nervous. Unnerving for me. Reporter but not unusual who says davis who offers this advice for investors taking their money off the table. Key is to not panic. That is hardest thing to do but perhaps most prudent and long term investing success is to do nothing. Reporter but do nothing prescription is hard to swallow here three rules from experts to help you get through it. Market swings are normal, avoid a knee jerk reaction, market changes and if you invest through a payroll deductions, keep doing so, this is an opportunity to buy low. I am nervous, not undually so because the marketings up and the marketings down and right now, it is down. Reporter so what should you do . Perhaps, nothing. Were seeing ugly side of the past few days but we have seen the Positive Side of the past three years. If one is going to have a higher