Today were going to consider our chairmans mark as modified. Having extensive questioning and discussion of amendments last night. Admittedly things were a little chaotic at the outset and i know tensions ran high. Were going to improve the process and communication today and hopefully make things move a little more smoothly. With that issue addressed, id like to say a few words about the tone of our discussion this week. I think it has been a real problem. As ive said, i dont begrudge anyone for holding a passionate viewpoint on any issue, and i dont doubt my various colleagues sincerity. But for the committee to operate, we need to be respectful and allow the debate to unfold in an orderly fashion. Members are, of course, free to disagree about any issue, but no one should interrupt another member or shut down the other side or impugn their character lea colleagues motives. In my opinion, we saw quite a bit of that and some of it was pretty inflammatory. As for myself, i can take it.
Ill come in under my time. Hes not here anymore. Where did he go . Will you be able to answer the question . Im sorry to put you in this position. Mr. Hatch is mr. Barthold coming back . Ill wait until he comes back. Hes coming back. Is that all right . On page 1 of the distribution effects of the chairmans modification if you look at the bottom left, 1 million and over you see that . And then it says change in federal taxes for the year 2019. What does that say about the top 1 . In term os whether theyre getting a tax benefit or tax cut . I dont want to apply the one million over represents the top 1 but for the 1 million and over income category, thing a refwat tax reduction for that 33. 6 billion. Mr. Bennet and could you tell me what benefit they get with respect to the estate tax . We dont distribute the aggregate effects of the estate tax reduction in our distribution tables. Here come ours savior. My savior in particular. Mr. Bennet mr. Barthold, im sorry to do this to you, mr.
Sides, janet yellen does not want a boom bust economy. She just wrapped up remarks. Itnne that q a just ending and. A fireside chat more than a question and answer panel. Very lighthearted moments, talking about her first days and weeks as fed chair as she does wrap up one of the last speeches we will hear from her before she steps down as fed chair. A lot of talk about inflation as well. Betty saying the fed is not certain low inflation is indeed transitory. Pretty significant headline coming from her. Mention, wideranging talk from everything from her first days at the fed, do the most interesting person is she has ever met. Certainly covered a lot of bases. As we digest these headlines from janet yellen, lets get to the first word news with jessica summers. Jessica the mexican peso weakened against the dollar. Robert lighthizer says there is no evidence canada and mexico will seriously engage in renegotiating nafta. This follows a fifth round of talks. They fell short of working on
Farewell to ed lee and perhaps acknowledge him for making sure the city stayed morally strong because of its diversity and acceptance for all people. Fire chief joe ann spoke for the First Time Since his death. He just crossed all cultures. House Minority Leader Nancy Pelosi was among those paying tribute to the former mayor. Its heart breaking. Hard to even talk about his leaving us without thinking of his beautiful smile. Every person who worked at city hall wore a white flower. Music played, thanks to volunteers from the San Francisco symphony. The former mayor willy brown arrived early and called him a personal friend. He was unusual in that regard. He had the ability to listen. Most politicians count listen. As mayor since 2011, he roamed these halls with purpose and conviction while teaching others about compassion. Especially notice now at holiday time. It makes people think about whats important and the personal. Not the political. The police chief and then his command staff pa
Contagious. I dont know how you call it. Reporter tsomuka eboed mayor lee is lying in state in the rotunda where he was sworn in seven years ago. A great person. He did so much for the city and for everyone, not just, you know, a special group, everybody. Even on other parts of the world. Reporter thousands left messages in a guest book. San franciscans say they will remember mayor lee, who grew up in public housing, as a tireless advocate for everyone. He come from the bottom of the barrel. And he loved his people. The have nots. He was loving the people. And you look around you see every nationality and every color here. Reporter ashley says lee inspired her to do more Public Service and do it with heart. Over and over this week i have heard everybody say what a good person he was and if you have left the earth and thats what everybody says that youre kind, thats something that i really want to emulate. Reporter the historic significance of today is not lost on San Francisco. This is