The book is called job creation how it really works and why government doesnt understand it, the coauthor is andy puzder. Mister puzder, you talk about a certain factor here. Its at the time we wrote it back in 2009 it had been 2010. There was a lot of uncertainty in the economy because of actions the president obama was taking so long progressive lines as opposed to conservative economic lines which the Business Community would have preferred so with respect to tax, energy and regulation there was great uncertainty in the Business Community about where the government was going and what kind of obstacle it would become. We tried to convey the message that if the government would provide positive certainty, that we get we could rise out of the recession, that we were still in the recession until june 2009 so we were out of it technically but i dont think people for years that we were out of it really. If youwant the kind of dynamic Economic Growth youre expecting rising out of a recessi
Market is back up to momentum today with dow industrials set to up 13 points, nasdaq, s p up a fraction. Ftse is down a quarter of a percent. But the cac quarante in paris and dax index in germany are up. In asia markets closed mostly higher. Nikkei average in japan best performer up about 1 . Breaking news right now, new Orleans Police officer shot and killed in the line of duty. Shooting took place during routine patrol, we have the very latest developments out of new orleans earlier today. The devastation in california meanwhile spreading, the death toll from mass i have wild fires now rising to at least 31 making this the deadliest week of wild fires in the states history. Hollywood Sexual Harassment scandal expanding, head of Amazon Studios facing accusations and actress slamming at jeff bezos over twitter. Plus new questions over Harvey Weinstein, report saying that his contract essentially allowed for Sexual Harassment, the explosive details ahead. All the stories coming up this
Also, i want to welcome the chairman of the Senate Banking committee, who has done an incredible job, mike crapo. Great job, appreciate it. [applause] pres. Trump as president , there are few decisions more important than nominating leaders of integrity and good judgment to hold trusted positions in public office. Few of those trusted positions are more important than the chairman of the Federal Reserve. Accordingly, it is my pleasure and honor to announce my nomination of Jerome Powell to be the next chairman of the Federal Reserve. Congratulations. Mr. Powell thank you. [applause] pres. Trump he is joined by his sisters, and io say congratulations to you all. Bow, youake that deserve it. Thank you for being here. Today is another important milestone on the past to restore Economic Opportunity for the american people. And just a short time, we have already made incredible strides. Unemployment is at its lowest level in more than 16 years. You know that very well. You know that very we
Toward a finish line. Like i said, it has been a busy year on the tax front. To be honest, it has been many years in the making. When President Trump was elected, i think the republican members of congress saw this as an opportunity to try to really drive things this year, 2017. Host we have linked to the 429page bill in our congressional chronicle. Just a couple highlights. It would reduce the number of individual tax brackets, reduces the top Corporate Tax rate from 35 to 20 . Limiting mortgage interest deductions to loans of 500,000 or less. It would roughly double the individual and family standard deductions, but it would also cap state and local property Tax Deductions at 10,000, increasing the Child Tax Credit from 1000 to 1600 per child, and no longer allows medical expense or property loss deductions. Aaron lorenzo, one of the issues that came up a week or so ago was the issue of the state and local Tax Deductions from 20 members of the new york and new jersey delegations voti
Good morning. Good morning. First, i want to thank these families for taking time out of your day to join us. Welcome, it is great to have you with us today. [applause] you are who this is all about. This plan is for the middleclass families in this country who deserve a break. It is for the families were out there living paycheck to paycheck who just keep getting squeezed. About half of the country today is living paycheck to paycheck and a lot more people are about one paycheck away from living paycheck to paycheck in this country and this will help give people relief. The tax cut and jobs act will deliver real relief for people in the middle, people who are striving to get there. With this plan the typical family of four will save 1182 a year on their taxes. For many families having an additional 1182 more will make a real difference. That 1182 more covers about one years of gas for your car and covers your family phone bill for the year depending on how much data your kids use. [le