Statistics will tell the story. Look at the eye in the sky with respect to Economic Growth and the performance of this economy under the tax cuts and the regulatory relief. Lowest unemployment in 50 years. Millions of job crease ated. More jobs than we have people to fill them. Historic growth in wages. And more growth on the low end of income spectrum than on the high end. More growth for the worker worker than the supervisor in terms of wage growth. Millions have moved off of out of poverty, off of dependency on government welfare to selfsufficiency. Enjoying the blessing and the dignity of a job. On average, americans are taking home about 5,000 more thanks to tax cuts. By the way, tax revenues are up. Now, politicians can be skewed in their perspective. Distorted. By politics. And so lets ask the American People because quite frankly, mr. Secretary, those are the folks that matter most to me an President Trump and im sure to my colleagues on both sides of the aisle. Lets find out w
Treasury secretary Steve Mnuchin says the administration is working with congress on a spending package for National Coronavirus response. He testified before the house ways and Means Committee on President Trumps 2021 Budget Proposal and was asked about the governments response to the outbreak as well as its Economic Impact. We want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going tome brace here for the next couple of hours. To embrace here for the next couple of hours. Mr. Neal i think we can provide to the first issue so we can get to the chairman. It is of no controversy. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front
[inaudible] we want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going to embrace here for the next couple of hours. I think we can proceed to the first issue so we can get to the chairman. It is of no controversy. No con. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front of them. Let me thank Ranking Member brady for working with me on this matter so that we are able to submit a consensus document to the Budget Committee that reflects the priorities of the ways and Means Committee as a whole. Without objection, the views and estimates will be considered as read and open for amendment at any point. And if there are no amendment
The record director Ralph Remington is here and bad actor to you president. Any changes in the agenda. No changes. Thank you very much. Now for Public Meeting instructions like a welcome all to attend in person at room 416 this meeting is live on sfgovtv two comcast 26 and at t 99 and want to remind us the policies and procedural for Public Meetings at that meeting bound to follow the structure our agenda and adhere studio the best practices set out in the Good Government guide will be an opportunity for general Public Comment members comment on my female pertaining to the body and taken in inperson with Remote Access by to those who require limited to three minutes and please understand that the committee did not contribute dialogue towards Public Comments and each comment will be documented for the Public Records as courtesy on the first floor have a womens room and all gender bathroom in case of an emergency on the southeast corner and stairs and stair exits open each corner of the
Development and the director of the federal Housing Finance agency testified on increasing housing supply and reducing cost for borrowers. This before the Senate Banking committee. Its one hour 45 minutes. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee on banking Housing Urban Affairs is called to order. Thanks for theo two witnesses joining us. Home is a lot more than four walls and roof. Home is where you go after long day at work. Home is where your kids play and do their homework. Home is where you plan for the future and build wealth. Home is a millions of families join the middle class. Our homes are an anchor in our lives, but for too many families around the country i home they can afford to c build the life around just just out of reach. I hear in ohio. I hear from people in lima city summer to why growth in mansfield were a new building with feet for 54 apartments for working families just opened. For the