Through, you dont get the best public policy. And the constituents that we represent are the ones that suffer. Anyone who is watching this hearing being broadcast, im assuming that they probably get the idea, if i can use these terms. I dont want to plaj ar eyes. Theyve been used by someone else recently. But they would get the idea that this process is a crooked process. Theyd get the idea that this process is rigged, a rigged process, a rigged, crooked process. And who is it rigged against . Its rigged against the very americans that we were elected to represent in congress. So then after five hours or however long its been, six hours of going over a bill that we didnt see until friday, now dropped in our lap is another group of amendments that are pretty thick in themselves to deal with issues that were told is going to improve this bill. We hadnt seen them. We havent time to analyze them. We dont even know what questions to ask joint tax as to what these amendments do. I raise the
What are you afraid of . Mr. Chairman. Let me finish. The gentleman control it is time. You havent done anything of importance. Its the blind leading the blind whether its you or its the speaker this is a disgrace to this committee. Mr. Chairman. Are you going to have each of these amendments taken up separately . Each of these amendments will be offered and during your five minutes you have the chance to question on each of them . So each of these will be offered separately . No. This is the amendment by mr. Brady of texas. This is a separate amendment. With all of these pieces . Yes. With several provisions in them. Why not take them up separately . And each of us have time to discuss it . Your time has expired. This is a total disgrace. I know this is the moment the out rage is supposed to occur. No. I ask that your remarks be taken down. Oh, for heavens sake. I didnt question yours. I ask that your words be repeated. I ask that mr. Leavens remarks be taken down. I will be glad to.
Analyst. Kevin brady chairs the house ways and Means Committee. Mr. Chairman. And i think my good friend from pennsylvania for talking about the need to have the facts. It wouldve been great to have the facts here. It wouldve been great if we had one witness, one expert. Instead we will have to go back and forth for arguments. I would like to submit the facts about the impact. He was the bill, and i understand may ask you a question . Later on . E submitting will it correct the bill further . We will continue to correct improve this bill. The gentleman can review the amendment. We dont have that information and we have not been allowed in the expert testimony and you cant understand why we are upset. You can understand why there are 41 of the people, 41 make those deductions. Asked, what have your colleague described in new york is happening in massachusetts and new jersey and maryland and in california and washington state. Coincidentally, blue states. Having said that, what you are t
The term unborn child. If parents want to save for their childrens future expenses can they open five to nine accounts in their own name and then transfer the account to their child once their child is born . Yes, you can. Hu i have done research and found the only place the appear as itchild is in laws relating to crime in emergency medical procedures for pregnant women. So does the term unborn child apparently where in the tax code . Not presently a new Internal Revenue tax code will stop so what happens if a woman has openness in the name of her unborn child and she subsequently ms. Carries. Would she be required to submit notice to the irs . Would she be committing fraud if the child was no longer in uterus in a stage of development in the womb . Moment. Step back a under present law, 529 laws are creatures of the state and governed by how the state has subject the plan to federal overlay. Under present law, if there is a death, the treatment of a plan where a beneficiary has died
In open to amendment at any point. At this point, i offer the enemy , theed in substitute nature of the substitute will be considered as read in open to the open to it than that at any point. Chief now turn it to the of staff on the committee of taxation to provide a description of the amendment. I ask members to hold his questions until after his presentation. Hisisturb are told . Presentation. Mister bartold . Jcs x 10 and 11 in front of you underlying the nature of the substitute. This document describes to provisions. Two it is an allocated fee for 2017. It is 4 billion. In 2018, 4. 1 billion. It is allocated among manufacturers aced total market sales. The proposal before you would eliminate this fee for calendar years after 2017, effective in 2018. My colleagues have estimated this proposal will lose 24. 8 billion over the budget period. The other provision that is part of this it is budget reconciliation recommendation relates to the annual fee on Health Insurance providers. It