He had a republican support. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order before we get started i want to give her deepest condolences of those impacted by the tragic shooting in florida our hearts go out to all victims and loved ones you are in our prayers. The committee is honored to welcome him stephen min nguyen following the Budget Proposal from the Treasury Department we appreciate your time and look forward to your testimony our communion committees annual meeting we have a lot of important work ahead of best when you were here last year you told us the number one priority was Economic Growth for america now we share that priority especially on tax reform. Last year working together with you President Trump in the senate to successfully overhaul for the first time in 31 years years with the tax cuts and jobs act we have a to deliver more jobs and taxes with paychex to americans nationwide
Morrow. The book cost 8. 95 plus shipping and handling. To get your copy go to cspan. Org landmark cases. Yesterday treasury secretary Steven Mnuchin testified before the house ways and Means Committee regarding the president s 2019 budget request for his agency. On most of the questions from lawmakers focus on the budget and tax reform related matters, the secretary was asked about his thoughts on gun violence after 17 people were killed in a shooting in parkland, florida. The treasury secretary urged congress to look at these issues and said he would talk to the president and other cabinet members by how to address it. This hearing is one hour 40 minutes. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the meeting will come to order. Before we get started today i want to take a moment to offer our committees deepest condolences to all those impacted by yesterday tragic shooting in florida. Our hearts go out to all the victims an
[inaudible conversations] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] testing microphone. [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] [background sounds] today the first and oldest committee on congress, the ways and Means Committee begins consideration to tax cuts and jobs act. Historic legislation to bring lasting tax relief to workers families and to our job creators throughout this nation. Before bin we begin, we all recognize terrible tragedy, the shooting at the First Baptist church in Sutherland Springs texas. All our hearts are heavy. Our prayers go out to the families and the loved ones, 26 victims as well as the ten texans fighting for their lives as we convene today. Our prayers are with you. It has been or than three decades since americas tax code was reformed under president ronaldhr
As you look at the analysis. Our Macro Economic analysis, among the things is tries to assess is what happens to the incentives to invest both here and abroad. So the short answer would be yes. It seems to me that as this bill moves forward and that as we realize faster Economic Growth, it doesnt matter if youre a young person that maybe, you know, for the first time is going to see a lower standard of living in todays world compared to what their parents have. They have to have a growing competitive economy if theyre going to be successful to pay off Student Loans, where they can compete and have ample job opportunity. Or if youre a senior or baby boomer about to retire, youre an individual that wants to make sure your savings is protected as you get ready for retirement and have a competitive degreeing economy as well to making sure that our other government safety net programs are going to be strong and healthy and without a competitive growing economy we will not see those impacts.
Modi that well resume negotiations on a High Standard bilateral investment treaty. And we seem to be miles apart from india. Even on basic definitions of investment. There is not much time left if you want to talk about it, but id like a detailed answer in writing. Im happy to get back to you in more detail. But in the minute i have lets me take a quick shot. Ive been deeply involved with the discussions with china through strategic and economic dialogues. It is a very important conversation because if it concludes successfully china will raise itself to standards that will help in a lot of ways in normalizing and improving trade balances. It empowers their reformers. It empowers their reformers to make the changes internally and stops them from doing things in International Markets that cause unfair advantage. I understand the rationale. What id like is a detailed summary where we are with this. And they are just taking the very first step very shortly putting out their first cut at w