Looking, well be following up with the two of you, on the idea that if you triple the standard deduction and a number of senators of both Political Parties are interested in a significant increase in the standard deduction, you dont have so many people itemize and that is another possibility. But well follow up with you on the simplicity issue. I want to wrap up with one last question and that is, is there one thing you regret about what happened in 86 and you would counsel us in terms of what to do in the future . In other words, it is always easy to think about what is possible today in the abstract, but you two went through it. Anything you regret and you would like us to change . I know that one thing i regret about 86 and i was june a junior, Junior Congress person is senator bradley is right when he says no Current Congress can permanently bind a future congress from unraveling it but you can make it really hard. Can you put people through multiple votes and the like. So i can th
Cuts, its tax enforcement Taxpayer Service improvement of the i. T. Systems have to be put on hold. In terms of the implement ache of the Affordable Care act, i couldnt be more pleased with what the employees of the irs have been able to do. Thank you commissioner. Thank you, senator sasse. Let me admit back the envelope calculations are dangerous my logic was in error. Really the extrapolation 172 times 2, would be 344 in the second year and 430. Its not i want to correct the record. I was wrong. The so really looks like the minimum penalty will be the maximum penalty if we extrapolate it. Were not talking 3,000. Were talking 325, 695 is average. I want to correct that. Senator mccaskill. Appreciate your staffs input because i couldnt do that on my own. It was me. It seemed, man, thats why i started going through that logic. This is unbelievable. And it was unbelievable. I was wrong. 435 sounds a lot better. Sorry. Commissioner, you know, i get everybody is offended at the notion i wa
Could Work Together on a bipartisan basis would make enormous difference for a generation that is going to need Retirement Savings for a sound future. Well are we saving more or saving less . As a country our savings rate is improving as our economy has improved. But we need to see middle class workers saving more for their retirement if. If you look at the distribution for Retirement Savings the average amounts most middle class workers have is not really enough to rely enon. You have to strip out of the averages with the very large accounts due to the sdo to the averages. And weve tried to put in place the kind of tax incentives to move the process forward. Thank you. I yield back mr. Chairman. Thank you. This theres within talk about helping middle class Small Businesses and so forth. I have a real concern about an action treasure took in september 2013 when you i shoulded a regulation penalizing the use of Health Reimbursement arrangements by employers as a means of financially ass
Sponsors terrorism all over the world, a country that is developing long range rockets a country that we know has been working on acquiring a Nuclear Weapon capability despite and has always had a secret component to their plan will retain the ability to process uranium. Theres a reduction in centrifuges and in term tz of what they can do, in terms of research and development and the secretary of energy has laid this out clearly. Here the problem. Number one they retain all the infrastructure they wid need to break all those caps. Second enforcing such a deal requires there to be open, full inspections. Iran is saying they will not allow access to military facilities. Thats problematic. The United States does not acknowledge that would be the reality. They said these would be the most Intrusive Inspections yet and they have a year to stop any uranium development. We should never have retreated from the position that iran does not have the right to enrich uranium. We should have insiste
Children. We dont see them as our grand tchirn. But i guarantee you if you were to do an altar call as i will this sunday and ask for every parent and ever grandparent who has a child thats been impacted by the system, whether its by a wrongful incarceration, wrongful arrest or whether an incarceration or an arrest, i guarantee you that between one third and one half of the congregation will come forward. This is our issue. I used to try to disance mibe up until i was incarcerated. I dont have one of those rags to riches things. No. I met jesus before i went. Unlike those of you who have not sinned since you became religious. And i zranchinge the shame cool aid. I didnt know to know that i was in trouble. So i gave them a phony nick name, they call me doc. That was the only inmate attorneys that had a mono grammed jumpsuit. That took a while. And so it was ok for two weeks until a young man came up to me and he said, pastor. I said i dont know you. He said i used to play drums in your