Modernize Information Technology across government agencies. Hearinge subcommittee is from the Personnel Management , the one Budget Office and the education department. This is about 2. 5 hours. 2, one. [gavel] welcome, everybody to the Sub Committee on government operations. And our hearing. Pursuant togin, house rules, most members today webex, remotely. Some members are appearing in person, or at least this member is, let me remind you that all individuals attending the hearing in person must wear a face mask. I am dropping mine only to speak. Maskrs not wearing a face will not be recognized. Let me also make some reminders for those appearing in person. You will only see witnesses appearing remotely on the monitor in front of you. In activeare speaking speaker view. A timer is visible in front of you. Remotely,attending let me remind everybody about points. First, you will be able to see each person speaking during the hearing whether they are in person or remote as long as you ha
It looks at how much your asset appreciated and the fact that you can only pay tax on what remains. David you will pay a Capital Gains tax, but it will be inflationadjusted. The president says that will create a lot of jobs. Why would it . Laura economists dispute that point and say it does not do much for Economic Growth and incentivizes old investment, not new investment. In terms of the jobs and when economists model this out, it is mainly. 1 for the long run. David how does congress feel about this . Congress gets to decide about taxes. Is there support for this move at least by republicans on the hill . Laura there are some republicans that supported this. Ted cruz has been putting the Trump Administration to do this. This is not political really viable this is not politically viable in congress. You look at joe bidens tax plan, it would double the Capital Gains tax rate. The president saying he is seriously considering this. If he has the power, why doesnt he just do it . Laura i
Close in 2020. Big day yesterday. Autonomous chaos meanwhile. Seattle looking to dismantle the capitol hill occupied protests as new one pops up in washington, d. C. Plus, back to the ball game, Major League Baseball looks to assure season this year but the players still need to get on board. More on sports talk, stay with us next hour tennis pro joining me live to talk about future of u. S. Open and new bourbon venture. We will talk with one ceo who kept employees on the payroll and bringing new ones on, mornings with maria is live right now. Maria european markets are seeing uptick this morning. The ftse 100 up 65, cac quarante in paris up 72 and dax index in germany high by 76. In asia green across the board. The japanese nikkei average overnight up half of 1 . Now the top stories that we are watching this morning. Major unrest on nations capitol as protestors attempt to create what they are calling a black house autonomous zone right outside of the white house with large garbage ca
Tensions between the two countries, calling on his nations military to, quote, explore ways and means of training and preparing for war. End quote. Xis comments come after a recent internal chinese report warning beijing they need to be prepared for the potential of Armed Conflict with the United States. Chinese communist Party Officials have made it clear over recent days they will utilize the wuhan virus or pandemic they helped create to achieve their goal of global domination. Chinas foreign minister telling the United States to stop what it calls its Wishful Thinking of trying to change china. All of this as the Chinese Military reportedly readied two new aircraft carriers for deployment off the coast of taiwan, and china continues to push ahead with the effective takeover of hong kong later this week. The u. S. Response to these actions so far have been diplomatic, measured, even muted. President trump and Husband Administration threatening his administration threatening to impose
Rep. Clarke well, we decided to establish a bipartisan smart cities caucus. Originally, darrell issa was my cochair. Its now a congresswoman from indiana. Peter susan brooks. Rep. Clarke susan brooks, exactly. And we knew that already technology is a major part of our lives. Its a utility that we can use to make sure we are economically feasible going into the future, that we are efficient in our use of energy, and it enables our society, i think, to be far more productive than our 20th century industrial age. So, were looking at the fact that so much of what already exists in society is connected. And what our smart cities caucus does is it looks at four different areas of how were connected. One is connectivity, the other principle being sustainability, the other being mobility, and then the workforce. And how all of those components Work Together to make sure that in the 21st century, our Civil Society is given the opportunity to really reach its full potential utilizing the technol