The revenue base is inadequate and have no way of getting to the specific spending reductions to hit their deficit targets of the plug the hole by rationing down Discretionary Spending in a way that is not what is the appropriate Revenue Target . If you look at the 2020 horizon and try to do the math, i think we need about 2 of gdp in additional revenue compared to current policy. That would come if we just allow all of the tax cuts, not just those of up to it pretty thousand dollars in income to expire. Not something we should do it immediately those of up to 250,000 in income to expire. Not something we should do it immediately. Beneath to we need to tackle entitlement as part of the package. When i get to the bidding cut out of the nondefense Discretionary Spending. In terms of the revenue, the key is broadening the tax base, bringing down the tax expenditures. There is a lot of revenue to be had in doing that. A plan that raised one put by of gdp without higher tax rates is feasibl
Says she expects this bill to pass today with some republican support as well. Will it be enough to get this aid package beyond the house . Reporter some republican support being the key word, which would make it mostly not enough in order to move this beyond the house. It will pass in the house and there will be republicans who vote for it and i think the u. S. Postal service broadly as an issue is something that members have been hearing about repeatedly over the course of the last several weeks from their constituents. In some cases hundreds of thousands of calls from constituents who have seen very real delays in their mail. Where the two issues and where the two parties have diverged is on the issue of election mail. You saw louis dejoy testify that he believes the Postal Service is fully capable of handling whatever comes its way, theyre expecting 10 million to 20 million more ballots because of the pandemic and republicans have labeled democratic concerns which theyve raised a l
Ah, in unit might have missed you. Let me you got the battery on me. Im pretty alone there. We use that in the, in the one youre been going to probably call it double block that you feel in the public. And mr. Procedure which in law could go when youre. Ready doing in the room when, when mr. Bishop rachels got on back, theres really offensive research the models that would be returned with letters, thoughts, and the last your user capture. Well, i see you missed me. I know it didnt go down. I forgot what blown correspond on when you were listed in the notes, but we just didnt put it as the was a little to do what you reminded me put on time when you not look for some reason you will just remote annoyed me when you about that great, you open jania golf over to jeff at the roster pasto, shes one of them. Usually he came into the yeah, got to try to get a job. Gets fund wireless because when we, when you get away slightly even asked, i will go to the honest and not cry and you what about
Nine months, s p, nasdaq losing 2. 7 , but that was the underlying theme today. It has to be fleshed out so you can make sense of the timelessness of some brands ver the ephemeral nature. Last night i highlighted a ton of potential takeover targets. Specifically in the Food Industry. Hey, kraft may have had a miserable quarter, but its brands arent going away. Pinnacle foods actually got a bid from hillshire, because birds eye and duncan, heinz have stood the test of time. Hillshire brands got two different bids, because theyre still valuable brands in a slow growth world. I believe that campbells soup is ripe to be acquired by kellogg and General Mills. Great brand. Hey, you know what . Mills should snap of hain celestial, why . That has the best in the umbrella of natural foods. Why do we like brands so much . They have what we call brand equity, which means they can charge more than the other guy who doesnt. They have motors around them, thank ymoats around them, for years and years
360. Thanks for watching. Early start begins right now. Priority number one. After public outcry and political pressure, congress will vote today on a 9 billion Hurricane Sandy relief bill. Relief many say is long overdue. Turn for the worst, venezuelan officials admit hugo chavez is battling respiratory failure, now calling their leaders status severe. And trapped on thin ice. Two teenagers stuck in the middle of a frozen life, clinging to a dead tree for hours. Their dramatic rescue just ahead. Wow. Good morning. Welcome to early start. Were happy youre with us. Im zoraida sambolin. Im Christine Romans. Its 5 00 a. M. In the east. We begin this morning with a snowy mess in west texas. Conditions are so bad that large portions of interstate 10 between el paso and ft. Stockton were closed overnight. Do they really get a lot of snow . Theyve gotten record snow in that area. Youre absolutely right. It was really the spaghetti bowl on i10. The biggest problem where were the icy bridges an