Watch campaign 2020 coverage every day on cspan. App. N on the cspan radio your place for the unfiltered view of politics. Joining us now is scott hodge, the president of the Tax Foundation and here to talk about the tax proposals for both President Trump and joe biden. Good morning. Guest thanks for having me. Host for those who dont know the foundation, how would you describe your mission, and tell us again how you are financially back. Guest we are a nonprofit, think tank. We were born in 1947 by a group of Business Leaders who felt the American Public and needed more data and information and nonpartisan analysis of tax not just at the federal level, but we are also doing a lot of work at the state and local level, working with legislators and governors across the state to improve their tax systems. You is theopic for tax policies of both lets start with joe biden and the things he is proposing as far as tax policies. Some of the highlights, i will read them and then you can comment
Joining us now, scott hodge. Good morning. Thanks for having me. For those who dont know the foundation, how would you describe your mission . We are a nonprofit, think tank. We were born in 1947 by a group of Business Leaders who felt the American Public and needed more data and information and nonpartisan analysis of tax not just at the federal level, but we are also doing a lot of work at the state and local level, working with legislators and governors across the state to improve their tax systems. You is theopic for tax policies of both lets start with joe biden and the things he is proposing as far as tax policies. Some of the highlights, i will read them and then you can comment on them, raise the rates securityly a social tax to earnings above 400,000, also tax Capital Gains and dividends at ordinary rates of annual incomes of more than 1 million. Those proposals, what would they accomplish if they were enacted . Guest it would certainly make the tax code much more progressive
President ial candidate tax plans. At 8 45, pennsylvania senator bob casey on the Upcoming Senate vote on Amy Coney Barretts confirmation to the Supreme Court. Host good morning. This is the washington journal for october 22. The fbi and the director of National Intelligence have accused two countries of attempting to influence this years election. Russia and iran, who according to officials not only gave voter info, but also according to officials sent emails aimed to intimidate voters and damage the president. Well see what officials have to say and get reaction from capitol hill and get your thoughts on this first hour of the program. Heres how you can call us pure 202 7488001 if you support President Trump and mike pence. 202 7488000 if you support joe biden and kamala harris. If you an undecided voter or support another candidate and want to give your thoughts on this latest, 202 7488002. You can text us at 202 7488003 and also post on twitter. Our Facebook Page is also available
Vote vote vote the presiding officer are there any senators in the chamber wishing to vote or change their vote . If not, the yeas are 49, the nays are 44. The nomination is confirmed. The clerk will report the motion to invoke cloture. The clerk cloture motion we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, do hereby move to bring to a close debate on the nomination of keith e. Sonderling of florida to be a member of the equal Employment Opportunity commission. The presiding officer by unanimous consent, the mandatory quorum call has been waived. The questions is, is it the sense of the senate the is that debate on the nomination of keith e. Sonderling of florida to be a member of the equal Employment Opportunity Commission Shall be brought to a close. The yeas are mandatory under the rule. The clerk will call the roll. Vote vote vote vote the presiding officer on this vote the yeas are 52, the nays are 41. The motion is
Plans. Quite the opposite. Companies have called off inversions and even brought back operations to this country and they are citing our tax reform as a main reason for doing it. So why would mr. Biden want to undo that . Even more curious is that mr. Bidens own talking points suggest that he supports a number of our tax reform policies in that 2017 bill. We have kimberly clausey who reportedly advised mr. Biden on tax policy have said the tax cuts and jobs act, quote, should be commended for providing some limits on tax avoidance through the guilty and the beat, end of quote. Guilty and beat are those acronyms that i referred to. Whats more ms. Clausey estimated the new rules under the 2016 tax bill will result in a 20 decrease in shifting profits overseas. Thats consistent with the joint committee on taxations Macro Economic estimate in 2017 that found tax reform would reduce Profit Shifting and increase the u. S. Tax base. Nevertheless, however, mr. Biden wants to double down on inc