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Remote hearings certainly arent the same as sitting together in our Committee Room but this new authority has allowed us to continue to do our work on behalf of the American Peoples while keeping our staff, family and broader communities safe. This is the second official virtual subcommittee hearing in the ways and means committee. As with our previous hearing i want members to know i plan to continue this committees long tradition of collegiality and substantive debates. Even as we conduct our business from afar i will continue to work with our Ranking Member and his staff so to ensure that the rights of all members are respected in this new virtual format. Before we turn to todays important topic i want to remind members of a few procedures to help you navigate this new platform. First, consistent with regulations the ....
Ridiculous. It should be 28 . I would raise almost 800 billion a year. If companies not paying anything at all. They have a minimum of 15 . I would raise another 740 billion a year. That comment flew by last night without a question. Either by bidens competitors or the media. Look at this, Corporate Tax revenue last year was 230 billion. Total. Biden claims under his plan, Corporate Tax receipts would spike to about 1. 5 trillion. That is a 670 greater increase over whats now being collected. Its clearly impossible. Even one of the moderates in the bunch is making wild claims, what does it tell us about the economic claims we heard in general last night . Unfortunately, hes not good with numbers. This didnt make any sense. I know what hes talking about, he wants to raise the Corporate Tax rates by the way, there are a lot o ....
At new highs. It probably helped that phase one of the u. S. china trade deal has been reached andhat the fed is not likely to touch Interest Rates for the foreseeable future. Today theow rose 100 points for a 28,235, nasdaq up 79. S p added l. Weave more on the markets in just a moment. But we begin tonight with boeg d these reports that the rospace giant will temporarily halt production of the 737 max jetliner starting in january. Its the first halt in its development, something that few sawas coming when the jet grounded last march. That sent the stock lower. Phil lebeau is following the story for us, as always what are the details of the halt and how big of a deal is this for boeing . Its a huge deal, bill. 737 max production starting in january halt, likely lasting5 60 days. I say likely, because boeing is not putting a timeframe in tms of when it planses toe production. That will be determined by whether or not the a lifts t ....
Halting max production plus, iff is merging with duponts biosciences and nutrition unit it is a deal that will create a new consumer giant valued at more than 45 billion. Iff ceo and duponts executive chairman will be joining us to discuss the deal in just a few minutes. And record rally, the iss p and nasdaq new highs lets start with boeing, moving lower in the premarket, the journal is among those reporting that the company is considering suspending or cutting production of the 737 max. In response to the story, boeing issued a statement to cnbc saying it would continue to assess production decisions based on the timing and conditions of a return to service for the max. And as we know, guys, faa last week through cold water on that return happening before year end. Right i think that this is something that some people say it is a foregone conclusion. And that the reason why you didnt see this before was that the way that accounting works, something i think a great cfo would understan ....
Caroll roth. Were allies shocked . It was a packed busy day for President Trump, it ended, just wrapped up within the last 20 minutes, but there was no bigger headline this day than president s first from this morning, he suggested that potentially a trade deal between the u. S. And china might need to wait a full year until after the election. There were three minitype press conferences from president , one with leader of nato, others with leaders of france and canada, president of the asked about the stock market as it was falling because of those comments he sort of brushed it aside. Were in a critical stage. They called us today. They called us yesterday. Were having on going discussions. Well see what happens, but if the stock market goes up again, i dont watch the stock market, i was watch jobs, i watch makine proper deal. Reporter president said he does not watch the stock market, but just look at his twitter feed, to know ....