Have i want to remind my colleagues once again that this is a tax markup. We have had quite a bit of discussion about the individual mandate and what that might mean for the impact. The individual mandate is part of the tax code. It is well within the intended scope of the market. To rule any amendments that go beyond changes to the Internal Revenue code nongermane. I will rule in nongermane amendments that would put the modified market out of compliance with the committees reconciliation instruction. That we will proceed to the consideration of amendments. We will begin by debating to amendments proposed for 20 minutes. After which we will vote on both amendments. Once we have voted on those we will call on to more amendments proposed by the Ranking Member for 20 minutes and vote on those as well area well. We will see where we are. Wyden the amendments and 146, our5 transparency amendments. Are we have here some of the materials that layout record compiled from the bipartisan 1986 ta
That that ratio will continue to rise in an unsustainable fashion , so the addition to the debt taking what is already a significant problem and making it worse is, it is of concern to me and i think it does suggest that in some future downturn which, well, could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role may well be limited. Sam and then victoria. Sam flemming. A couple of longer term questions. First of all midway through the year you talked about issues of whether inflation targets might need to be raised and a lot more debate in the fed system since this. It may not be an imminent issue but is it something the fed should discuss over the coming years some sort of change to the target and second of all the amount of stimulus tools that the fed may have at its disposal in the next downturn strikes are fairly limit limited. One of the incoming governors, Marvin Goodfriend talked about the merits of negative Inte
That is congresses inhouse group. Thes congressman chairs means and ways committee. To workers, families and throughout this nation. Begin, we all recognize the terrible tragedy in texas. Our hearts are heavy and our prayers go out. The families and loved ones. And 10victims as well texans fighting for their lives as we convene today. It has been more than three americas tax code had been reformed over president reagan. Today, we come together to fix a tax code that has been just as broken as the one Ronald Reagan overhauled in 1986. Our committee is has dedicated a substantial amount deliver tax reform to the American People. Over everyd hearings aspect of the Nations Health laws. Weve had three Different Committee chairman and over this time we have engaged discussion. Ith over 60 Committee Members all of our efforts have led to this moment. On the tax cut and jobs back. Today, we stand on the doorstep of delivering the most sweeping tax overhaul and more than 30 years. Day is nottak
Suppliers and manufacturers have recognized the challenge we face for this century, literally this weapons platform will be critical to our national defense. We we can look back and draw lessons and we should from the challenges that cause that improvement to take place. Maybe even the overall conceptual framework as you suggested should there have been more individualization of the platform for different services. But i can well recall that the conventional wisdom not so long ago was the services should get together and collaborate and the by a single fighter and that was the wisdom does your of contracting in its day. Now maybe lessons point in different directions. I hope we will learn lessons from this experience but there has to be a recognition that this weapon platform will do things that no fighter engine or platform has done in the past, would you agree doctor fillmore . The investment ranking is large and the need that we have is large to deal with the threats that currently
More than economists forecast it. Plunging oil prices is the big reason. The ecb working on a plan to buy Government Bonds. The central bank tried to prevent a deflationary spiral of falling prices and decline in consumer spending. Oil halting its slide, at least, for now. We saw brent crude this morning dropping below 50 a barrel for the First Time Since may 2009. It was headed for a fifth straight day of losses, but both brent and of uti or racing games the last 30 minutes wti erasing gains in the last 30 minutes. Crude oil stock piles he was probably increased last week. The white house and congress about that words on the keystone pipeline. Republican Senate Leader which mcconnell has promised to make a gallant keystone the first measure to pass the new congress. Heres how josh earnest responded. This piece of legislation is not altogether different than legislation introduced in the last congress. You will recall we put out a statement of ministry to position indicating the presid