Dollars at a onemonth high. Road map begins with trumps tax plan and the president and gop moving on from health care set to unveil their framework. The dow looking to stop a foursession skid. Shares of nike are down this after earnings in the wake of the equifax hack Richard Cordray will join us live. The gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. The pass through businesses lower to 25. Rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction Child Tax Credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. We have to wait and see. Those of us in highstate can calculate what a 35 to 39 drop and it is a bast to 42, 43 if y
That is the greatness of lbj. That is why we remember him. If there is one thing that he should teach us, one lesson that malia and sasha learned from today is that, with enough effort and empathy, peopleance, courage who love this country can change it. Year, president johnson stood on the stage, with battered by controversies , looking far older than his 64 years, and delivered his final public speech. We have proven that great progress is possible. We know how much still remains to be done. And ifefforts continue if ourl is strong, hearts are right, it occurred remains our constant companion, my fellow americans, im confident that we shall overcome. [applause] we shall overcome. We. The citizens of the United States. , like abraham lincoln, like countless citizens who have moved this country knewrd, president johnson that ours is a story of optimism , achievement, and constant striving that is unique upon this earth. He knew it because he had lived this story. He believed that we co
Inspector general began to review this matter. We now find that even mr. Cummings who had made certain 2012cts at irs in august, again, the question before us is contempt against lois lerner. She was given the opportunity to come before us and she came before us the first time in may. That is less than a year ago. And she refused to cooperate and testify. We gave her another opportunity just weeks ago to come back and to testify. Interviewedime, we over 30 witnesses. Almost every one of them, and i will put this in the record, pointed to lois lerner. She started this whole thing out. Will the gentleman yield . I will not yield. The gentlemans time is his we will have regular order. The gentleman may continue. What she did is worthy of probably an Academy Award here and she went before the Inspector General report was may in it was released may 14. On may 10, she did a broadway production. It was worthy of an Academy Award. When she said that, one of the irs folks who heard it, cindy th
About 80% of state taxes come from individuals and payroll taxes. Only about 7% comes from corporate tax. And, if there are no taxes to be scooped into the fiscus, how is the government going to provide services for its citizens?