Statistics will tell the story. Look at the eye in the sky with respect to Economic Growth and the performance of this economy under the tax cuts and the regulatory relief. Lowest unemployment in 50 years. Millions of job crease ated. More jobs than we have people to fill them. Historic growth in wages. And more growth on the low end of income spectrum than on the high end. More growth for the worker worker than the supervisor in terms of wage growth. Millions have moved off of out of poverty, off of dependency on government welfare to selfsufficiency. Enjoying the blessing and the dignity of a job. On average, americans are taking home about 5,000 more thanks to tax cuts. By the way, tax revenues are up. Now, politicians can be skewed in their perspective. Distorted. By politics. And so lets ask the American People because quite frankly, mr. Secretary, those are the folks that matter most to me an President Trump and im sure to my colleagues on both sides of the aisle. Lets find out w
Treasury secretary Steve Mnuchin says the administration is working with congress on a spending package for National Coronavirus response. He testified before the house ways and Means Committee on President Trumps 2021 Budget Proposal and was asked about the governments response to the outbreak as well as its Economic Impact. We want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going tome brace here for the next couple of hours. To embrace here for the next couple of hours. Mr. Neal i think we can provide to the first issue so we can get to the chairman. It is of no controversy. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front
[inaudible] we want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going to embrace here for the next couple of hours. I think we can proceed to the first issue so we can get to the chairman. It is of no controversy. No con. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front of them. Let me thank Ranking Member brady for working with me on this matter so that we are able to submit a consensus document to the Budget Committee that reflects the priorities of the ways and Means Committee as a whole. Without objection, the views and estimates will be considered as read and open for amendment at any point. And if there are no amendment
Council we value european allies and valued u. S. Engagement in the transatlantic relationship and the initiative is precisely to make the case that the European Union is a key, critical Strategic Partner of the United States. Part of our role is to explain the developments within the European Union and to engage policymakers and great bridge between policymakers United States and europe especially in times of Great Power Competition for as you know president macron of france is laid out an ambitious agenda for reform of the European Union for engagement of partners like russia, reforming the eurozone, reforming and stepping up European Defense integration as well as changing enlargement policy. These are issues that are think will discuss today with the minister. Let me first turn to start with initial remarks and then we will open to a conversation with all of you and we want this to be as interactive as possible. Thank you very much. [applause] good afternoon. Thank you for hosting
You can take your seats. We want to take advantage ofg to the opportunity to give the secretary some time for the give and take and the dialog that we are going to embrace here for the next couple ofhink hours. I think we can proceed on the first issue so that we can get so, firs to the chairman, it is of no controversy. Mor so, first, let me call the waysa and Means Committee to order, before turning to our hearing thise morning, the committees aint budget for fiscal year 1974. 2021 in accordance with the congressional budget act, of 1974 in house rules for f, you will find a copy of the letter ininbr front of them, you will receiveubmit it in advance of todays notice the. Thank you for working with me on refl able to wholcan submit a conse document that reflects the a priorities of the ways and n means community. They will consider as open for amendment r at any point, and if there are no amendments i will now recognize mr. Thompson for the purpose of offering a motion. Imat i move t