Protection program and businesses of all sizes have started to use the tax tools that we provided for their liquidity. But in that time the critics have also done what they do best. They criticize. The need came has seized on an opportunity to perpetuate every negative story that critics can manufacture. You can imagine my surprise when democrats criticized the net operating loss carryback provisions in the cares act. Because oddly democrats previously supported the last three bills where we expanded the net operating loss carrybacks in 2002, 2005, and even in 2009 with all democrat rule. So i dont recall in any of those instances any partisan attacks from democrats about this previously bipartisan, antirecessionary policy tools. So why now . Sadly, that irresponsibility has led our democratic colleagues in the house to pass legislation that would take back important tax tools that we have provided in the cares act to the tune of 254 billion, and thats a tax increase on the american bu
Generations of americans have fought throughout our history hard to protect. Its a remarkable moment, the most powerful person in the world bows to the will of the people and sits only a few yards away as the next president takes the oath of office. Think about the wars that have been fought throughout history over who the next leader of a country would be. Yet in america, dating back to 1787, the peaceful transition of power has defined the american presidency. But a growing body of evidence suggests that the january 20, 2017, inauguration of President Donald Trump was an exception to that hallowed tradition. Since the f. B. I. Launched its russia probe in july 2016, theres been no shortage of stories about what did or did not happen in the months leading up to that election. For the better part of three years the speculation dominated headlines and news feeds with even the smallest details consuming hours of airtime. Beyond the russian actives measure campaign, which we know did happ
Fought throughout our history hard to protect. Its a remarkable, the most powerful person in the world bows to the will of the people and sits only a few yards away as the next president takes the oath of office. Was an exception to that hallowed tradition. Since the fbi lost its russian probe in july 2016 there are no shortage of stories of what happened in the months leading up to that election. Speculation dominated headlines and news feed with the smallest details consuming hours of air time. Beyond the russian active measures campaign, which we know did happen, there was a lot of attention focused on the Trump Campaign itself. Now, almost 4 years later, we know a lot about what happened and what didnt happen. For example, we note from the muller report, that there was no crime of collusion or obstruction committed by the president or his campaign. But since the special counsels report was completed more than a year ago, weve learned a lot more about the outsized role played by Sen
Manufacturing, down 1. 3 million. Overall, whats striking is how fast we descended into a depressionlike situation and of course, we want to know how fast we are going to recover. White house economist larry kudlow will join us in just a few minutes. Is this as bad as it gets and whats the timetable for returning to growth . We will ask him. Before the news came out, the dow futures showed a gain of about 250 points. The moment we saw the numbers, dow futures were pretty much the same. We have now moved up a bit more. We are looking at a gain of 284 points but remember, these numbers were expected. They were already baked into stock prices. Stocks are up because investors are looking to the future, where the economys in recovery mode, and theyre looking at, what, 7 trillion worth of stimulus. That always goes down well on wall street. As we said, the dow up 280. The s p up 33. The nasdaq up 87. Lot of green despite the terrible numbers. Obviously, this is a big day for your money. Its
That. And what the chairmans objectivesr we ought to know that. How many members of the press the chairman is spying on and how many other american citizens. Its a concern and i would hope the gentleman would work with us to stop this and not allow the chairman to use his power whether its members of the press, members of congress or legal people across this country. And i would yield. Mr. Hoyer the gentleman yield . Mr. Scalise i yield. Mr. Hoyer we do know by the fact that the president has abused his power and the gentleman does not want to speak about that. The facts were testified to in the committee. The gentleman, like the president , seeks to distract i reject out of hand that either mr. Schiff or the committee spied on anybody. Did they pursue discovery so they could get the facts and the truth . They did. I dont know im not a member of the committee, not a member of the Intelligence Committee and im not privy to all the information that may be available, but i reject again ou