Full spectrum of policy issues. My expertise is in federal audit matter and im glad to be here today. The center for American Progress is a progressive think tank, also covering wide range of issue. I cover budget policy, i get to work with subject Matter Experts across a whole range of issues. I will start with remain at first. The house has been in control for some time now. Also underite house control of the parties. Is this budget a continuation of the budgets we had seen or are there noticeable differences . Notable differences include reconciliation package. Is from congress supposed to cut 200 billion in what are called autopilot or entitlement spending program. That is the biggest proposal to cut these programs that we have seen it yet. Vehicle alsoiation includes concessions for tax reform. You can clearly see the house gop is setting up for tax reform packets with the president , trying to do so while also cutting spending at the same time. What are noticeable differences if
Thank you for joining us. Viewers what the Heritage Foundation and the center for American Progress are. Guest the Heritage Foundation is a conservative think tank in washington, d. C. Of policyffect issues, my expertise is federal government matters. A progressive think tank covering a wide variety of issues. I cover budget policy. Romina. Will start with has been in control by the republicans for quite some time. The difference is the white house is also under control of the same party. Is this budget a continuation of the budget that has come out of the house, or are there notable differences . Guest notable differences is a reconciliation package, proposing to cut 200 billion in what are called autopilot or entitlement spending programs. That is the biggest proposal cut to these programs yet. The reconciliation the occult also includes instructions for tax reform. See the house gop setting up for a tax reform package with the president. Trying to do so while cutting spending at the
Thank you for joining us. Viewers what the Heritage Foundation and the center for American Progress are. Guest the Heritage Foundation is a conservative think tank in washington, d. C. Of policyffect issues, my expertise is federal government matters. A progressive think tank covering a wide variety of issues. I cover budget policy. Romina. Will start with has been in control by the republicans for quite some time. The difference is the white house is also under control of the same party. Is this budget a continuation of the budget that has come out of the house, or are there notable differences . Guest notable differences is a reconciliation package, proposing to cut 200 billion in what are called autopilot or entitlement spending programs. That is the biggest proposal cut to these programs yet. The reconciliation the occult also includes instructions for tax reform. See the house gop setting up for a tax reform package with the president. Trying to do so while cutting spending at the
The shanghai closed flat. Early trading in europe, markets under pressure. The dax down by 1 , as is the cac in france. Ftse down 0. 6 . Look at crude oil prices. Right now it looks Like Crude Oil is down by 29 cents. Natural gas has been under some extreme pressure over the last week or two. Couple of big stories were watching. President trump is calling china the grand champions of currency manipulati manipulation. In a reuters interview, trump said he has not held back in his assessment that china manipulates the yuan. The China Foreign minister saying china has no intention of using currency devaluation to its advantage. Just yesterday in your interview with mnuchin, he wouldnt go that far. He didnt call it a ma manipulator no, it seems like he stepped back from the trump promises to label china a currency ma anybo manipulator from day one. China has been propping up the currency recently. Well see what happens, but it will be a much more settled but trump will go out there, say it
By the time these cases get process for the debbie g oh, what happens with the politicians in the future might not have the same interest in limited government and good tax policy . They get the wto decision and they say be simplest way to deal with this is make wages no longer deductible. Even though its a subtraction method, debbie geo would probably approve it, and that, of course, i think you might as well fold up shop. Thechance of controlling size of government would be very, very low. This is something i think we need to seriously think about. Also, we have to think about the implications for tax competition, which i think is one of the few good things on our side controlling the greed of the political class. The better way plan in some sense is based on a plan that was published by the center for american progress, which is not exactly an organization that is friendly to limited government and low tax rates. The very first subtitle was avoiding the race to the bottom. And that