The Current System and the u. S. Dollar would not be the old reserve currency any more rightists like in history people dread it the day that gas lights are no longer around no one to electric lights and they dreaded the day that cars took over and we didnt have horse drawn carriages anymore and you know things change when he cant do anything to stop at your own power he could be the last fed chairman in the United States before the big coin take over and so 3 this is just all part of life i think its more like the day that you know the french royal family dreaded the day that democracy and a republic would form rather than the peasants be happy with brioche so here hes saying i hope the peasants remain happy with this can tell you in effect that is part and parcel of. A system whereby we the Central Banks create money and we give it to the oligarchs that aristocrats of our era now you know the money 1st that happened back in the french so the strategy is to give the money to groups of
Of a short period of time. I want to say right now we have our second hearing next tuesday on the Affordable Care act. Thank you everyone for joining us and thank you to the staff. We are holding this hearing virtually in compliance with regulations for Remote Committee proceedings and as resolution 965. This is my first hearing is chairman of the subcommittee on oversight and my First Official virtual oversight subcommittee hearing in the ways and Means Committee. Before return to todays important topic i want to remind members of a few procedures while we navigate this platform. First, consistent with regulations, the committee will keep microphones muted to limit background music and noise. Members are responsible for muting themselves when they seek recognition or when recognized for 5 minutes. Second, the members and witnesses must have their cameras on at all times so even if you leave for a second or few moments, leave your camera on. Third, we will dispense with the practice of
Weve got a great response out of our short period of time and i want to say right now we have our second hearing next tuesday on the Affordable Care act. Thank you everyone for joining us and thank you to the staff. We are holding this hearing virtually in compliance with regulations for Remote Committee proceedings and as resolution 965 and this is my first hearing is chairman of the subcommittee on oversight and my First Official virtual oversight subcommittee hearing in the ways and Means Committee. Before return to todays important topic i want to remind members of the decisions and procedures while we navigate this platform. First, consistent with regulations we keep microphones needed to limit background noise and members are responsible for on meeting themselves when they seek recognition or when recognized for five minutes. Second, the members and witnesses must have their cameras on at all times so even if you are for a second or few moments leave your camera on. Third, we wil
Watch campaign 2020 coverage every day on cspan. App. N on the cspan radio your place for the unfiltered view of politics. Joining us now is scott hodge, the president of the Tax Foundation and here to talk about the tax proposals for both President Trump and joe biden. Good morning. Guest thanks for having me. Host for those who dont know the foundation, how would you describe your mission, and tell us again how you are financially back. Guest we are a nonprofit, think tank. We were born in 1947 by a group of Business Leaders who felt the American Public and needed more data and information and nonpartisan analysis of tax not just at the federal level, but we are also doing a lot of work at the state and local level, working with legislators and governors across the state to improve their tax systems. You is theopic for tax policies of both lets start with joe biden and the things he is proposing as far as tax policies. Some of the highlights, i will read them and then you can comment
Joining us now, scott hodge. Good morning. Thanks for having me. For those who dont know the foundation, how would you describe your mission . We are a nonprofit, think tank. We were born in 1947 by a group of Business Leaders who felt the American Public and needed more data and information and nonpartisan analysis of tax not just at the federal level, but we are also doing a lot of work at the state and local level, working with legislators and governors across the state to improve their tax systems. You is theopic for tax policies of both lets start with joe biden and the things he is proposing as far as tax policies. Some of the highlights, i will read them and then you can comment on them, raise the rates securityly a social tax to earnings above 400,000, also tax Capital Gains and dividends at ordinary rates of annual incomes of more than 1 million. Those proposals, what would they accomplish if they were enacted . Guest it would certainly make the tax code much more progressive