Thank you very much again for being here. Thank you, gary for joining us. Bright and early. The topic is taxes, taxes, taxes. Well start off with alabama. Original. We had a lot of discussion about taxes with your colleague last night chl well go over that ground and more detail. And ask more some of the more longer term questions. Let me start off with something i did ask secretary last night. See how you answer it. Why is now a good time to be cutting taxes to be increasing the deficit significantly. Know estimates vary. This is a 1. 5 this will Immediate Tax cut. 78 of gdp. Total revenue is about 17 . Quite low. The economy is close to full employment. This is seems an unusual time to add such a huge amount to the deficit. Why now . So let me take that question into piece ts. You ask a loft different pieces in there. Lets start with the core issue here. When you look at whats happened to the u. S. Work force since the recession, yes we have created jobs. Were at 4. 1 unemployment ri
Okay. Committee will come to order. As we resume the markup, i want to give people an idea as to how well be proceeding. Well continue with another round of questions about the modification. Well then conclude this portion of the markup at the completion of that round. I hope everybody doesnt have to ask questions, if they do, they do. At that point the modified mark will be open for amendments. Before we continue for the next round in fact, i think its open for amendments now. First i want to say a few words about some of what has been said thus far. By democratic colleagues always profess to be the champions of middle class families. We see that rhetoric in full bloom, on full display today. Thats why it is absolutely astonishing to me that they are so opposed to the repeal of the individual mandate tax. They talk as though everything is fine with our Health Care System and that the repeal of this tax will send it all tumbling down. The fact is that obamacare is already failing. Larg
All right. What a country and what a day. Today we are one step closer to better jobs and more opportunity for every american. Mr. Curbelo and today is a big day for so many in this country, especially for those who have been struggling to get by, who havent been able to get ahead, who have read about the economic recovery for years but have never experienced it. Today is a great day for them. [speaking spanish] mr. Curbelo now, i want to introduce [applause] you know how to say ways and means in spanish . [speaking spanish] ways and means, kevin brady. Mr. Brady thank you, buddy. [applause] this is an incredibly exciting day for the American People. It would not be here for them without incredible leadership from speaker ryan and our leadership team, our members in the house and especially i want to thank the 24 members of the house ways and Means Committee, republicans, amazing job. [applause] mr. Brady think about it, for the first time in three decades, the house just voted to pass
Scream at the very this morning i was the majority of americans are disapproving of the republican tax cut plan. Futures are higher this morning come expecting a higher opening to the broader averages. Dow industrials that dow industrial set to open 60 points the nasdaq up 26. The s p 500 up a third of a percent. In europe, similar story had a better talent than yesterday. Dax up two thirds of a percent as is the cac and the ft 100 higher by a fraction. Asias dots close mostly higher with the exception of china. Best performer japan. Nikkei average up 1. 5 . Ban hunters under way in baltimore. A Police Officer in Great Condition after being shot in the head. The details as investigators search for a suspect. Consumer rage both at t and google with massive outages. What you need to do to get back up and running this morning. Retail earnings still the focus on wall street. The biggest of the mall, walmart expecting earnings of 97 cents a share. The numbers analysis as soon as they had wa
King solomon asked only for wisdom not fame, fortune, for influence. Instead he longed for godly wisdom. Parent, teacher, minister, elected official, or in any other official of leadership, help us to lead with godly wisdom. Proclaim od, as i your threefold unity, father, son, and proclaim your threefold unity, father, son, and holy spirit, individual yet eternally united as one god, i pray that this nation, the United States, be also unified, respecting and valuing the individual yet united as one nation, under god, indivisible. It is in your name i pray. Amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his pproval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. The pledge of allegiance will be led by the gentleman from maryland, mr. Brown. Mr. Brown i pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and