On cspan three. Turning out their tails morning, congressman 80 and smith, republic of nebraska. Hes also a member of the ways and Means Committee that deals with taxes and trade. He is the trade subcommittee ranking member. That means hes the Top Republican on that committee. Lets begin with President Biden on wednesday at the white house talking about and touting his economic proposals and what it has done for the economy so far. I will get your reaction. The historic American Rescue plan. From economic crisis to resurgence. Jobs are up. People are back to work. Since we came to office, we have traded nearly 10 million jobs, a record for any presidency up to this point. 3. 7 unemployment, nearly a 50 year low in this country. More Small Business created that anytime before in our history. American manufacturers are coming back. 6000 where is it written that said america cannot lead and manufacturing, where is that run . Guess what, for all the criticism i got and help you gave me, fo
Plus a variety of compelling podcasts. Its available at the apple store and google play. Download it for free today. Cspan now, your front row seat to washington, anytime, anywhere. Joining us this morning is Garrett Watson senior policy analyst for the Tax Foundation here to talk about the democratic proposal the Inflation Reduction Act. The tax provision specifically in this legislation. Garrett watson, you did an analysis of this bill before there were changes made to appease senator sinema any talk about the changes and your analysis . Guest there were several changes made over the last couple of days before the act passed the senate. One was to raise taxes on interests, of conversation by certain folks in the financial industry was removed from that legislation on request of the senator. Focus on smaller changes to a proposed book tax that would be applied to large corporations as well as some other large changes root related to the financial side. This legislation would raise rev
Wednesday at the white house talking about touting his economic suppose it would have been for the economy so far not get your reaction. Guest . The historic American Rescue plan and economic crisis, jobs are up. People are back to work. We have created 10 million jobs a record for any president to this point. 3. 7 unemployment nearly 50 year low in this country. American manufacturing is coming back, 6680 manufacturers. Who wearsri it written that america cant lead in manufacturing . Where is that written . Guess what for all the criticism i got in the help you gave me on gas prices they are down more than 1. 30 a gallon. Since the start of the summer. We are making progress. We are getting other prices down as well. We have more to do. We are getting there. He passed the wants andnd Generation Infrastructure lot that will modernize american roads clean water highspeed internet eliminate in every home and school. Host congressman your reaction to his touting of the economy . Guest at
As Vice President going to the d. C. Auto show just for fun. He really likes vehicles. The electric vehicle push at the Auto Industry has been a central focus of the administrations push towards reducing emissions and meeting climate goals as well as trying to boost u. S. Manufacturing. A lot of what he will be talking about is a big jump in the number of battery plants, joint ventures between Auto Companies and battery cell and you factures to build those batteries for electric vehicles. I think the message is going to be the vehicles are more expensive but ultimately they see the vehicles as a solution for high gas prices. People to a to go to the gas pump and they can recharge their vehicles for much less. Of course they are still more expensive and they are still relatively few for sale outside of tesla. What he is going to see is the Detroit Companies making billions of dollars in investments to rollout of lot of a plot of new versions. The ford f150 lightning has been on sale for
The next. Because ill turn the car tester im going to moma says there are lots of questions surrounding the car in the future and looks like itll definitely be electric but how do you build an e car when a wide enough range in short enough charging giant hes checking out another contender i getting a car. Sundays new green flagship model certainly looks futuristic the next show is the car makers second fuel cell vehicle to be made in series the first was the i. X. Thirty five which the south korean manufacturer launched in two thousand and twelve the next zero platform however has been designed from the ground up its fuel cell generates electricity from hydrogen and oxygen which in turn powers the electric drive. And i said is the next so kind of sixty nine thousand euros in germany and though he does. And i want to be insulting thats an awful lot of money for a compact s. U. V. From a car maker with hyundais image that said you have to admire them for employing a technology that still