And then you have a little more wiggle room using either side of that equation to be able to reach your revenue neutrality. Okay, bill. Senator. We, of course, did it revenue neutral. I think the times today probably might require some additional tax. But i believe thats something that the committee has to work out itself. If you really do thorough tax reform, what you find is at least we found that upper income americans will pay a higher percent. For example, we cut the rate from 50 to 28 and yet the top 5 paid a higher percent of the total tax revenue after that reduction than before. Well the u. S. Is one of five Major Economies operating on a worldwide tax system. Meaning it currently taxes the income of its companies wherever that income is earned. Even if its not in our country. Currently companies have profits they earn back to the u. S. But they face a tax of 35 minus foreign tax credits. Those would not pay this additional tax and keep earnings abroad, deferring the additiona
System and the industries that are so much part of the United States economy. Thank you for doing that. And i apologize, mr. Chairman, for going so far over my time. No thats fine. Senator murray do you have any closing remarks. Dr. Murray, well stated. Thank you for both of your testimony. This was a good hearing. Senator alexander, i look forward to working with you on that. Thank you. And dr. Collins, do you know off hand, you mentioned the success rate has declined over the years. What about the absolute number of grants . Has that gone up . The absolute number of grants that we fund versus that we receive. It has bounced around, it was 10,000 30 years ago it was id have to get you the number. I was trying to compare that to the success rate. But the biomedical community has grown. It would be interested to see that. Thank you to both of you. Thank you for being here. Very important that you were here and we thank you for your six years of service at fda. And i hope youll accept ou
Invested in did not have open access to the distribution network, it would have been an entirely different story. This the difference this is what you can tell your constituents, that it is openness that is the core of creativity. Because there should be nobody acting as a gateway and saying mm, youre only going to get on my network if you do it on my terms. And the key then as we go to the previous discussion, what you want to do is make sure you have that gateway, not blocking the openness of entrepreneurs. At the same time that gateway, not being retail price regulated so that it can continue to invest, thats the kind of balance we were trying to do. But if i i would urge you to tell your constituents, the opportunity for innovation and the opportunity for the scaling that is required of innovation has never been greater because the networks are open. With all due respect, many people back in iowa would say youre trying to solve a problem that doesnt exist. Today. And i have a speci
Lots of blue skies. Clouds still hanging around. Chief meteorologist jeff ranieri joins us now. How much did we get. About. 1 inches. Weve been desperately waiting on anything. It was a widespread coverage of light to even moderate showers at times. So in terms of the most beneficial rainfall it really looked like the south bay. You can see on the underground rainfall gauges here. 13 in gilroy. 08 in boston hill. Downtown. 1 inches. On the east bay, Weather Underground totals anywhere from. 05 to. 09 and. 08 in pleasanton as well. The doppler scan shows the activity moving to the east. Mainly dry conditions across the bay area tonight. What does this mean for the rainfall season . Were doing okay right now. 78 of average in santa rosa. 111 in owe hoe good for the rainfall season. Our drought is three years and running. The extended forecast coming up in 15 minutes. Thanks jeff. Rain or shine, download the nbc bay area app. You can get personalized forecasts right at your fingertips. Fr
To this Community Center tomorrow Health Officials will go door to door the hand out these fact sheets to alert neighbors. This playground just steps from the entrance of the Community Center, is filled with children every day. Parents says the a safe place to bring their little ones. It is clean, friendly, near her school. Reporter but on friday a visitor to the Community Center found a dead bat laying on the ground. Alameda public Health Officials say a Center Employee used a stick to move it to a nearby bush Animal Services picked it up saturday and later turned it over to the Public Health department where the bat tested positive for rabies. I am surprised. I would not have come had i known there was a rabid bat here. Reporter parents question why there are no signs posted to alert them. Someone should have said something. Reporter one father said his son plays soccer here this is cause for some concern. You want to know that your kids are in an environment that is safe, especially