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Republicans economic agenda, included massive unpaid tax cuts for the rich. Two unpaid wars and a doctrine of no regulation no supervision of wall street. It is this radical agenda that precipitated the financial meltdown and shattered our economy. How bad was it . On the night of thursday, september 18th 2008, the secretary of the treasury came to the capital for an emergency meeting with congressional leaders to inform us of the severity of the meltdown. When i asked the chairman of the fed, at the time ben bernanke what he thought of what the treasury secretary was telling us . He told the leaders, if we do not act immediately, we will not have an economy by monday. This was thursday evening. Thats where we were, september 18th 2008. In order to stop the meltdown of americas financial institutions, it was necessary for us to pass the troubled assets release program tarp supported largely by democrats and later we enacted historic consumer wall street reforms with dodd frank regulati
Screeria nigeria. Anthony foxx. And a discussion about u. S. Cuban relations at the heritage foundation. The irs has asked congress to provide 12. 9 billion for funding in 2016. 18 more than the current fiscal year. Irs commissioner john kostka testified. The Senate Finance committee is chaired by utah republican orrin hatch. This is just over two hours. Welcome to the irs john cost koskinen koskinen. Also fiscal year 2016 Budget Proposal. Commissioner costkoskinen. More than 152 years ago the finance Committee Received a letter from george butwell who president lincoln had apointed as the first commissioner of the international revenue. The letter came in response to an inquiry from the committee seeking information about the commissioners organization, his budget and the activities of his office. Does that sound familiar . In his letter, dated january 21st 1863 commissioner bodwell tried to answer the committees questions by starting by first asking congress for more money. Specifica
Congress, including the first africanamerican republican in the house, and the first woman veteran in the senate. Keep track of members of congress on cspan. Org. The congressional chronicle page as lots of good information including Voting Results and statistics. Irs commissioner John Koskinen tuesday on the 2016 budget request before the Senate Finance committee. He discussed tax scams, and shortages at the irs. The president s budget calls for an 18 increase for the agency. This is just over two hours. Welcome to the irs commissioner John Koskinen. Also fiscal year 2016 Budget Proposal. Commissioner koskinen. More than 152 years ago the finance Committee Received a letter from george butwell who president lincoln had apointed as the first commissioner of the international revenue. The letter came in response to an inquiry from the committee seeking information about the commissioners organization, his budget and the activities of his office. Does that sound familiar . In his letter,
House saying about this . White house officials are essentially saying that the president can do this, that its legally up to the president to make this decision. They cited the vacancies act of 1998 which gives the president broad powers to make these kinds of appointments. That now is being disputed by people like senator Elizabeth Warren who was one of the architects of dodd frank, which, in part, created the cfbb, and theres a statue in the agency which essentially says if the director is unavailable to act on the agencys behalf, then the Deputy Director steps in. Thats what it appears that Richard Cordray was doing by naming english director before his resignation. Thats the legal dispute. Theres also a controversy because of who the president appointed. The director of the omb, Nick Mulvaney, has been a very vocal critic of this agency. Heres just a taste of what he said previously. Its a wonderful example of how a bureaucracy will function if it has no accountability to anybody.