Used to modernize the agency. The hearing is two hours and 20 minutes. Chair Wyden Finance Committee will come to order. Today the Committee Meets to discuss tax Filing Season, which closed yesterday. I think thank commissioner werfel for being here at a busy time for everybody in the agency. There are lots of issues to discuss, and one that certainly is important to the American People is direct file. Anyone who denies that the direct file was a huge success, my guess is just living in another universe. It is open to a fairly small percentage of taxpayers, but the reviews it got from its initial users were overwhelmingly positive. It seems like a whole lot of people were very stunned that a federal agency, particularly one as frequently vilified as the irs, was able to build a helpful website that works. Tens of thousands of taxpayers who use direct file this year collectively save millions on fees that they wouldve paid to one of the tax software giants. Website is userfriendly. It i
Refusing to concede this morning saying the recount may be in order. Jones victory come in as republicans make a final push for tax reform. President trump set to deliver a major push on capitol hill urging lawmakers to get the deal done as the house and senate moved closer to a compromise lining up for a possible vote next week. The quest for tax reform coming out. Janet yellen set to deliver a final News Conference as head of the central bank. The Federal Reserve expected to raise Interest Rates for the third time this year. Markets like this going into the meeting was in gains across the board. Dow industrials up 14 points. S p 500 the fraction of those at this point throughout the morning. A look at the european indices than we do see gains for the ft 100. The cac in the dax powered by a fraction. Age overnight bus to age overnight mostly high with the exception of japan trading down one half to 1 . Hang seng in hong kong up 1. 5 . Antitrump tirade outrage after fbi agent who worke
Disney, of course, as you heard by now, buying various assets of 21st century fox in a deal worth dl more than 66 billion when you include the debt david faber broke the story weeks ago that the two companies were in talks and lo and behold, its soup now. Congratulati congratulations. Thanks. We were reminiscing about the various deals youve broken over the years. Yes, you and i go back to my first big one, British Telecom and mci. 2 22 billion deal in inflation . Exactly that got to the finish line on this one, bill a lot of talking going on between disney and fox and also our Parent Company, comcast and fox. Thats sort of where we want to begin today as we head toward the later parts of the day comcast did compete vigorously for these assets people close to the company indicate, or people close to all the companies involved, that being the people who were advising and so forth, indicate that the bid from comcast, in fact, did have a higher value than what fox accepted from disney we
Think we made tremendous progress this year i am very fortunate to have the opportunity to talk with and meet with a lot of my colleagues current c. E. O. s prior c. E. O. s like myself and i think there is such a positive and optimistic view of the economy one of the recent surveys. Has its the second highest optimism that weve seen in the last thirty years on a score of you know zero to ten its about seven point five so the optimism is very high why you mentioned it in your opening comments weve seen regulation roll back which has been very helpful not only to large corporations but i spent a lot of time recently with small corporations Family Offices and they see that its a very very positive for every new regulation you have to roll back two or three i see you mention the tax issue i think. What theyve done now to help the Small Business man or woman no longer having to take their taxes at the personal rate but to get more of a corporate rate well everyone ive talked to has said it
The troubling ministration the American Economy super c. E. O. Robert nardelli is our guest on this edition of politics. To a special edition of politicking on larry king President Donald Trump is taking credit for a record breaking stock market substantial cuts in government regulations trade policies he claims will help american businesses and of course the tax reform plan which he tells as a gift to the middle class critics denounces nothing more than a Corporate Tax benefit so whats the truth and how will the trump and ministration policies help or hurt the American Economy in the twenty eighteen year lets talk about that with Robert Nardelli and. Oregon businessman is the former chairman and c. E. O. Of the Chrysler Corporation as well as c. E. O. Of the home depot from two thousand to two thousand and seven prior to that he rose to become one of the top executives and. Is very active in more of the more successful business thanks for coming here its great to be here thank you ok