Also in the next hour the light fantastic. A multicoloured show for the handover of the queens ferry crossing, the uks tallest bridge. Good afternoon and welcome to bbc news. A major dam outside houston, texas, has begun overspilling as storm harvey pushes the reservoir past capacity. Engineers have been periodically releasing water from the addicks dam to relieve pressure to limit the damage down to nearby homes. But now six neighbourhoods nearby are being told to leave their homes. Since the storm hit, 30 inches of rain has fallen were going live to our correspondent who is at la grange in texas. This is such a fast moving story. Were 100 miles west of this is such a fast moving story. Were100 miles west of houston here and were hearing that in houston, two of the reservoirs are overflowing, the reservoirs that they have been doing controlled releases of water from in order to manage the flooding. Now that situation is becoming impossible. Behind me, you can see people are beginning
So whats the first thing we do . We tax it. We call it earned income. While another category of income called unearned gets a preferential rate. This is a discussion we need to have. Second point, simplification. A few years back we had a Tax Reform Act here, a number of, it was controversial a number of us voted for it, it passed. Before doing that, i decided to run up the road and see someone who lives near where i do, his name is warren buffett. Warren buffett and i have different philosophical approaches on many things, but he was generous to welcome me to his office, we spept about an hour together, and i wanted to get his look at that tax bill and some other things. In an interesting exchange, he turned around to his credenza, pulled out a file, an old file, pulled out a single piece of paper, and said, jeff, do this. Lets do this. Put the tax code on a piece of paper. Simplification. Now, a tax coat in reality cannot always be cut. It has to be optimized. We have to run the gove
Boy, the army is under fire today for what one senator callings one of the worst scandals in army history. National guard soldiers are accused of scamming a program that paid them to help enlist new recruits during the height of the iraq war. A senate panel says thousands of soldiers took 29 million in illegal payments. Lawmakers say five soldiers received nearly 1 million in bogus dollars. More than 3,000 soldiers may have received other questionable payments. John terret is in washington for us, john, if you would tell us more about this Senate Hearing today. Reporter there was a lot of anger today at this Senate Hearing on tap come hill. You have the National Guard recruiting Assistance Program which got underway at 2000 knife. Right at the heart and the height of the iraq war in afghanistan as well. And now the figures are alarming. I have more on the top of the ones that you have just given. For example, we know that 1200 people send elicit payments. 200 officers are involved. Two
We are live at the National Press club in washington. The National Governors association will lay out issues of priority to them. We will hear from the chairman and the vice chair, the better jack markell of delaware, governor jack markell of delaware, and mary fallin of oklahoma. It is the time of the year for state of the state addresses, and we have several to date. The governor of connecticut will talk about Hurricane Sandy relief efforts, and the recent shooting in newtown, andrew cuomo of new york is expected to oppose a weapons ban, and then talk about hurricane sunday Hurricane Sandy relief. Tonight, bob mcdonnell, who yesterday announced a tax for transportation funding over five years. Well have all of those live today beginning at noon with the governor of connecticut. Back to the issue of guns and gun violence, again, into is likely to propose an assault weapons ban, and Vice President joe biden will begin meetings, hearing with victims groups in gun safety organizations. H
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