Thanks to you at home for joining us. Rachel is enjoying a well deserved vacation. We have a lot to get to in this hour. Ng t i in just a sfu few moments, i will be speaking with wree tired Lieutenant Colonel Alexander vindman. In 2019 he was taking notes on a call between President Trump and the president of ukraine. It was those notes that ultimately led to Donald Trumps first impeachment for trying Tow Se Pressure the Ukrainian President into announcing a politically damaging investigation into Joe Biden. Colonel vindman is sharing his full story for the first time. L ats in a few moments. T we start with a dire story out of florida. Albeit a devastatingly familiar story. We had our numbers down. We were all excited. We were very busy because a lot of noncovid patients who had been waiting for care were starting to come in. But then the Delta Variant came, and in just a very short time, just a few weeks, it has shot up from three to 30 something patients. It feels like it was overni
Secretary yellen to discuss the president s 2022 Budget Proposal. Theres lots to discuss. The time is tight. Lets begin with taxes. Last tuesday americans woke up to what appeared to be the largest unauthorized disclosure of tax data in history. As i said at the time, the committee takes confidentiality of taxpayeR Data very seriously. And i expect that an appropriate investigation is under way. I want to thank treasury officials who held a briefing with the staff this week on the subject. The committee takes confidentiality seriously. I also take the issue of economic fairness very seriously. The information if the pro Publica Report depicts a Tax System in custom the wealthiest people in the Nation Pay Rock Bottom Tax rates. Sometimes zero. Whats worse is its all perfectly legal. The details may not have been a surprise to those who file taxes, but there is still a Gut Punch to read it on a page. Days later, another new report described a second big tax ripoff. In this case, from the
Of taxpayeR Data very seriously. And i expect that an appropriate investigation is under way. I want to thank treasury officials who held a briefing with the staff this week on the subject. The committee takes confidentiality seriously. I also take the issue of economic fairness very seriously. The information if the pro Publica Report depicts a Tax System in custom the wealthiest people in the Nation Pay Rock Bottom Tax rates. Sometimes zero. Whats worse is its all perfectly legal. The details may not have been a surprise to those who file taxes, but there is still a Gut Punch to read it on a page. Days later, another new report described a second big tax ripoff. In this case, from the people who bought you the carried Interest Loophole. There is carried interest on steroids. Wealthy investment managers and their lawyers seem to turn even more of their Wage Income into tax preferred capital gains using legal documents that essentially said presto changeo in accounting lingo. Even afte
Investment. We need ambitious fiscal policy to start unwinding these trends. And if there is a short summary of the president s budget, thats it. The budget, which includes both the american jobs and families plan, will repair the fractured foundations of our economy. So my first question is, is the Administrations Position that the u. S. Should increase its global minimum tax, the guilty, or its minimum tax to an effected rate of 26 before others, including china, enact a minimum tax themselves . We have proposed a global minimum tax effective rate of 21 , not 26 . And what were working toward internationally is a global minimum tax that is at least 15 , and hopefully higher than that, with the g7 agreed to in london last week was that they would adopt global minimum tax at least 15 , not 15 but hopefully higher than that. And i think if were able to make progress domestically on reforming our guilty, which needs to be on a countrybycountry basis, rather than a blended basis and ourse
Committee takes confidentiality of taxpayeR Data very seriously. And i expect that an appropriate investigation is under way. I want to thank treasury officials who held a briefing with the staff this week on the subject. The committee takes confidentiality seriously. I also take the issue of economic fairness very seriously. The information if the pro Publica Report depicts a Tax System in custom the wealthiest people in the Nation Pay Rock Bottom Tax rates. Sometimes zero. Whats worse is its all perfectly legal. The details may not have been a surprise to those who file taxes, but there is still a Gut Punch to read it on a page. Days later, another new report described a second big tax ripoff. In this case, from the people who bought you the carried Interest Loophole. There is carried interest on steroids. Wealthy investment managers and their lawyers seem to turn even more of their Wage Income into tax preferred capital gains using legal documents that essentially said presto change