Italys Prime Minister said it would derive from properties on h derived from higher Interest Rates. The net income exsceeding the growth for 2022 and 2023 citi estimated that would be equal to 19 of bank net profits for the year the tax would only apply to domestic Net Interest Income if this were to happen in the United States it is not happening i know. I dont know what would happen to the world. It is like when hell freezes over scenario. 40 windfall profit tax on banks. Do you think this is such a game changer that you would ever be in business in italy ever again . I think they view banks as utilities in italy i think investors will think about Certain Industries now at the beck on call of the government it can be wiped out just like that it changes your money. Chinese communist out of nowhere with the Tech Companies in china the trading Certain Industries. In other bank news, moodys cutting ratings with several banks and downgrading the biggest lenders. The credit strengths will
The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Lord of heaven and earth, we give you thanks for giving us another day. Darkness descends upon us as the days grows shorter and the cold chases us to withdraw inside. Be for us the light we long for. The very promise of change creates expectation. Of your st hints dawn, banish all fear and hesitation. May those who live on the margins of americas rich blessings have peace and prosperity, too. Of your dawn, banish all fear and because you are always faithful, strengthsen us with your mighty arm that this congress may be unified in lifting your people to renewed hope. May all that is done in the peoples house be for your greater honor and glory, amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. For what purpose does the ge
System. It lowers tax rates on businesses of all sizes so the job creators can focus more on bringing not only more work to their workers but also hiring more workers, increasing paychecks and growing a competitive marketplace all around the world. Were trying to expand our economy. Mr. Speaker, theres nothing more important for any member of this body than to know that the things that are happening in their own local communities are about the ability for people. People, whether they have just graduated from high school, whether theyre graduating from a technical school, whether theyre graduating from college or whether theyre looking for the second job or a longer career to be successful in the marketplace in their own area, in their own home. Not having to move somewhere to find a job but in their own community. That is what were trying to do. Were trying to increase wages for every Single Community across this country. My home of dallas, texas has been home to so many people who hav
The things that are happening in their own local communities are about the ability for people. People, whether they have just graduated from high school, whether theyre graduating from a technical school, whether theyre graduating from college or whether theyre looking for the second job or a longer career to be successful in the marketplace in their own area, in their own home. Not having to move somewhere to find a job but in their own community. That is what were trying to do. Were trying to increase wages for every Single Community across this country. My home of dallas, texas has been home to so many people who have moved there as a result of the really unlimited opportunities that we see right now in texas, and that comes because texas has found itself to be the home because so many other places, so many other companies have literally been run out of their states because of high taxes, high taxes that are placed on those companies and the employees to where it makes living and be
He had a republican support. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order before we get started i want to give her deepest condolences of those impacted by the tragic shooting in florida our hearts go out to all victims and loved ones you are in our prayers. The committee is honored to welcome him stephen min nguyen following the Budget Proposal from the Treasury Department we appreciate your time and look forward to your testimony our communion committees annual meeting we have a lot of important work ahead of best when you were here last year you told us the number one priority was Economic Growth for america now we share that priority especially on tax reform. Last year working together with you President Trump in the senate to successfully overhaul for the first time in 31 years years with the tax cuts and jobs act we have a to deliver more jobs and taxes with paychex to americans nationwide