And then you have a little more wiggle room using either side of that equation to be able to reach your revenue neutrality. Okay, bill. Senator. We, of course, did it revenue neutral. I think the times today probably might require some additional tax. But i believe thats something that the committee has to work out itself. If you really do thorough tax reform, what you find is at least we found that upper income americans will pay a higher percent. For example, we cut the rate from 50 to 28 and yet the top 5 paid a higher percent of the total tax revenue after that reduction than before. Well the u. S. Is one of five Major Economies operating on a worldwide tax system. Meaning it currently taxes the income of its companies wherever that income is earned. Even if its not in our country. Currently companies have profits they earn back to the u. S. But they face a tax of 35 minus foreign tax credits. Those would not pay this additional tax and keep earnings abroad, deferring the additiona
So thank you for your leadership. Hearing is adjourned. Later today the Brookings Institution hears from tony blinken to talk about current priorities and future prospects for u. S. Engagement in central asia. That will be live on cspan starting at 3 30 p. M. Eastern. And Runoff Election scheduled for april 7th in chicagos mayoral race. Rahm emanuel faces his challenger chewy garcia. It is hosted by ttwtv in chicago. Neither won a majority this februarys election. You can see the Candidates Forum starting tonight at 8 00 on cspan. Today is the ted line for an agreement in the Nuclear Talks with iran. A reporter joined us this morning on washington journal to give us an update on the negotiations taking place in swizer land. Thomas erdbrink joins us on the phone. Thanks so much. Thanks for having me. What is the latest on the talks . There has been some reports of a possible extension by hour here. What are you hearing in tehran . Well, of course being in tehran means take im from the s
And this has been alluded to a little bit weather today too, theres been some discussion about what are the goals attached. One of the things i think that separates us here, which makes it kind of hard is that there are folks who look at this as an exercise to raise revenue, its something the president wants to do, a lot of us believe the best way to get revenue is through greater growth. And that tax reform the goal of tax reform ought to be how do we generate Economic Growth in the economy. Which addresses a lot of those income disparity issues that were mentioned earlier as well. Speak a little bit about growth as an objective, and how you think that plays into the deliberations that should occur here. Growth, obviously, everybody wants growth. But i remember russell long, who is chairman of this committee for 16, 17 years. And one meeting going, ive been here for 30 years. Three times we have put the investment tax credit in in tax reform. Three times weve taken it out in tax refor
Or google or you want to hire real talent, you pay them more because you really need that talent, so that you pay them more to offset the employment tax. If youre working the lumberyard in oregon or somewhere, where theres a surplus of labor, the you dont pay them more to offset it, so the irony is that it ends up hitting the lower paid guy and the lower the struggling industry more than it hits the person whos in the consulting or technology industry. So reducing those employment taxes are have many benefits. For example, 24 Million People or 25 Million People working part time now could very well be brought into the workforce. You could find people that werent working to be brought into the workforce, so thats the good news. The question is, what are you going to use to provide the money to do that . And you know, i know the committee has looked at it. Its probably not possible. But who knows . They said tax reform wasnt possible in 86. You could take a dollar gasoline tax or you cou
Cspan. Live monday night, our series continues. Rack cara car wreck. Behold him i was in the hospital person praying the other would be ok. The other person was one of my best friends. Didnt know i didnt recognize that at the site of the crash. Because i prayed over and over for him to be ok, then he wasnt, i thought nobody listens. God wasnt answering my prayers. I went through a long time of not believing, not believing the prayers could be answered. It took me a long time and a lot of growing up to come back to faith. Laura bush, monday night. Next, the challenges of implement a state Health Insurance exchanges. Speakers include the secretary for the kentucky cabinet for health and family services, a guest of First Lady Michelle Obama during the state of the union. And experts representing a la for you, maine, new jersey, and rhode island. This was hosted by the Robert Wood Johnson foundation. It is an hour and 20 minutes. Good morning and welcome to our Robert Wood Johnson foundati