Strength of the us economy, issuing a thanksgiving message to our troops and thanked them for their service. Fighting for something real, you are fighting for something good. A lot of things happened with our country over the last short time and they are really good, they are really good. I especially like saying companies are starting to come back, we are working on tax cuts, big fat beautiful tax cuts and hopefully we will get that and you will see things happen. Dagen big fat beautiful tax cuts, is that why the market is up . A short trading day, on the dow futures, all major markets hit alltime highs earlier in the week including the russell 2000, the store opened half a day, stock market closing, in europe look at what is happening, a slight loss on the s p in england. Asia gains across the board, shanghai, the nikkei, hong kong and south korea. New details in that uber hack. Accompanys new ceo was made aware of the attack shortly after he started in september. It wasnt made publi
Underserved rural areas. People who have games would be able to also suffer into for them through investment opportunities. Other state helped wreck capital towards underserved areas to incentivize progress. The historical tax credit that one is a fascinating approach so that you can list the areas that struggle. You get the dollars flowing in the direction in a smart way. One thing we want to regret is that we focus on reform. We need to continue the discussion which is why i say the tax reform is not over and another thing while we are talking about that, we are saying to china, canada, mexico, this isnt going to happen we are not going to fall behind before we respond again we will do what it takes to keep our american competitors competitive keeping the code better for families and workers. Theres no question thats the argument i made earlier about locational Vocational Education and the whole notion of the new markets tax credit. There were opportunities with the block grant money
The rules Committee Comes to order the photographers asked for 80000 pictures. Mr. Chairman things and welcome to the rules committee we previously began tonights markups with hr 3312 with the equipment act of 2017 and the chairman has given the testimony now to the considerations from hr one tax cuts and jobs act this is bold pro growth bill that unleashes the Free Enterprise system so the job creators can focus on their job to create jobs and giving people the opportunity to better their lives including increasing paychecks and the opportunity to have our country not only forward but at the same time. Mr. Chairman i have characterized still for quite some time as an opportunity to take 5. 6 trillion with ten years worth of tax Code Provisions and those that might do a lot for individuals or family or business that is unleashing the economy with 5. 6 trillion for the tax provisions with an opportunity to create america and to look at us and to move that forward. Lots of people are out
Shutdown our conversation we had earlier on washington journal. Eric katz is a Senior Correspondent and joins us now on the impact on the ongoing shut down. This is a partial shutdown so explain why. There is no funding for government. Have carved out certain exceptions for employees that can continue to work. There is a memo from the Carter Thicke administration as to who can work and who cant. Employee funds that come from other appropriations can continue to work. They are fee funded and they can continue to work. If they are fee funded, they can work. Host whats an example . Guest for example, some operations of customs officers are funded by fees because you pay a fee every time you fly on an airplane. That would go to paying that persons, certain persons salaries or checking passports. Those employees, you pay a fee to get your passport renewed and that helps pay the salary of the employees who process those. There are also exceptions for employees who work to protect life or pro
Not last of there is no funding for government. But they have carved out certain exemptions and exceptions for employees that continue to work. Law andbased on an old a memo from the Carter Administration lays out who can work and who cant. Funds come from annualother than appropriations. If they are fee funded, they can work. Host whats an example . Example, some operations of customs officers are funded by fees because you pay a fee every time you fly on an airplane. To paying that persons, certain persons salaries or checking passports. Those employees, you pay a fee to get your passport renewed and that helps pay the salary of the employees who process those. There are also exceptions for employees who work to protect life or property, basically how they call it. Anyone working national security, defense department, homeland security, Justice Department are also working protecting property the government owns. Its part of that exception. Host how many federal employees are furlough