Cayman islands and virgin islands, the amount of profit they attributed to these countries is in some cases 1600 more than the Gross Domestic Product of these countries. This is outright tax avoidance. Im a Small Business owner. I know many Small Business owners pay their taxes legitimately, but some corporations take advantage of these tax havens and tax laws. Specific lit one that really has gotten a lot of attention lately is this inversion process. The fact we know already pharmaceutical companies and Manufacturing Companies have been looking at this, but most recently some Retail Companies like walgreens is in the process of potentially going down this road, which would be a whole new area we havent seen taking advantage of this practice walgreens, if i understand it right, there is an estimate over five years we could lose 4 billion worth of tax revenue if they were to do this practice, which is something that i think the average person would look at as nothing more than thes not
Matthew lee joins us to discuss the palestine conflict. Well talk with ed bingle a former customs and Border Protection official but minors crossing the border. Piece piece. Every morning on cspan at 7 00 eastern. President obama on monday awarded the medal of honor to formal active duty Sergeant Ryan pits. He held off the taliban during an attack on his unit. He the ninth recipient to be award awarded for the war in iraq or afghanistan. He is of the chosen few to receive this honor today as the nation pauses to recognize him. Our hearts are touched by staff Sergeant Ryan pits. He humbly insisted that his remarkable actions were simply was his duty it will always be on his loyalty to his unit. We acknowledge that devotion came from a faithful family who prayed for and supported him. We join our hearts together as we honor him today. We honor the courage and commitment of all who serve in harms way. This we pray in your holy same, amen. Good afternoon everybody. Welcome to the white hou
The house and Senate Taking up a hearing on u. S. Policy in iraq. Iraq continues to be a big concern in addition to the other conflicts. I know there were some concerns over the webbing end with jordan and iraq situation with them. Beyond hearings and there are not that i have my list in front of me. Beyond hearings i think again the probably one of the markka one twz of the webbing. We will have to keep watching for reactions in russia and ukraine and the middle east. At some point i think we will see calls for the u. S. To help ukraine ukraine. As i scan this hearing list, there is at least in the senate it specks to a lack of accountability. Accountability. They are also looking at Flood Insurance issues but appropriations was supposed to be big success of the month. That there was going to be big deals done before the recess happens. We may get some sense this week whether it will move at all. I just want to get your reaction to your colleague who was a story this morning leadershi
Position of the v. A. Secretary comes with tremendous responsibility and commands someone who understands the sacrifices and needs of both our veterans and their families. The next secretary of the v. A. Must be willing and ready to lead the v. A. In a new direction. While im grateful for the service of both general shinseki and acting secretary sloan gibson, and thousands of dedicated employees on the ground, i believe the current state of v. A. Affairs or the affairs at v. A. Demands bold leadership and a complete transformation in the culture at the agency. The problems facing the v. A. Did not happen overnight. Solving them will not be an easy task, but despite this, i believe with the right person at the helm, a person willing to work with congress and other stakeholders, the challenges facing the v. A. Can be met and expectations exceeded. At the end of the day, we must never forget our nations veterans. The sacrifice and service to this nation is second to none. Not only does it
A road map goes like this. With the taper heard around the world, stocks soaring during trading yesterday as the fed announce it is will start pulling back on its monthly bond purchases. Now the big question, where do we go from here . Plus facebook ceo zuckerberg hitting the sell button, 70 million shares with 40 million of those being sold by the facebook ceo himself. And major Security Breach at target Stores Across the country. The retailer saying credit and debit card information was stolen for get this, 40 million of its instore customers. And oracle reporting better than expected results in quarterly revenue. Well see what that can signal about a possible rebound in i. T. Spending. First up, amazing action yesterday, a will the lot of th, even seasoned guys, saying what a ride. Heres the cover of usa todays money sex, 5 reasons there was no taper tantrum. I love that phrase. Paul ryan said the taper came too late but its hard to argue with a market rally of 300 points that says