Native Settlement Trust in 1988, to provide Permanent Health ed health, education, and Welfare Benefits to alaska natives who were among the most economically disvanged population in the United States. Unfortunately, mr. Chairman, the tax code has many cases impeded the creation and funding of the settlements. As a result, alaska native Settlement Trust have not been able to function in the Manner Congress originally intended, to provide benefits for alaska natives. To remedy some of these tax issues, i have sponsored h. R. 3524, which permits Alaska Native Corporation to deduct contributions to the Settlement Trust. The provision of h. R. 3524 were not included in h. R. 1 and the tax bill also adversely increases the tax rate from 10 to 12 . This would make it more difficult for the alaska native trust to provide longterm benefits to alaska natives. I request that you include the provision of h. R. 3524 in the final conference report that results from the conference committee. Mr. Bra
Bill. Next, a look at the final hour were postponedoceedings today, 29. 5 minutes remain on the bill. The gentleman from texas, mr. Brain brady, has time remaining. Brady i am pleased to recognize the gentleman from alaska, mr. Young. Mr. Young thank you, mr. Chairman. Alaska natives are among the most economically disadvantaged population in the United States. Unfortunately, mr. Chairman, the tax code the creation and funding of the settlements. As a result, Alaska Native Settlement trust have not been able to function in the Manner Congress originally intended, to provide benefits for alaska natives. To remedy some of these tax issues, i have sponsored h. R. 3524, which permits Alaska Native Corporation to deduct contributions to the settlement trust. The provision of h. R. 3524 were not included in h. R. 1 and the tax bill also adversely increases the tax rate from 10 to 12 . This would make it more difficult for the alaska native trust to provide longterm benefits to alaska natives
Alaska. Congress established Alaska Native Settlement trust in 1988 to provide permit Health Education and Welfare Benefits for those who are among the disadvantage in the United States. Unfortunately, the tax code has many taxes that impeded the alaska trust settlement heard as a result, Alaska Native Settlement trust has not been able to function in the Manner Congress originally intended to provide benefits for alaska residents. To eliminate that i have sponsored hr 3524 which alaska permit alaska native corpse to deduct. Corporation to deduct. Also hadtax bill virtually increased Alaska Native Settlement trust tax rate from 10 to 12 more difficult for the alaska native trust to provide longterm benefits to alaska natives. I request that you include the provision of h. R. 3524 in the final conference report that results from the conference committee. Mr. Brady. Mr. Brady if the gentleman would yield. I am pleased to work with the gentleman from alaska on this important issue. The al
Reachable . Gus brown, pie in the sky forecast or is this legitimate tax liabilities a reduction are lead to Margin Expansion, share buybacks, 20. 5 times multiple as earnings go up and that gets you 3,000 on the s p. I mean, its not pie in the sky historically, but theres a decent probability that that could happen doesnt mean it will happen or anyone can actually foresee that happening. I think he makes a good case though i thought the note was fairly rational, but think about it, he could have written the same words on the same page and said 21 times or 19 times so the art of the p that goes into p e multiple is an art. Its not a science its not math. Its what you think sentiment will be, even if somebody agrees on all of the pieces that he sees fall in to place doesnt mean you arrive at the same sentiment level or pricetoearnings multiple. The point here is the rally is far from over and if you want to put 3,000 on that or whatever number he wants to be the top, hes going to be on
Not the way most people talk about it instead, youve got a market of stocks thats an important distinction, particularly in carmerica. Stocks are like snowflakes, no two are the same sure Everybody Loves index funds as a lowcost way to get ebbs posure to the whole asset class. Im one of them. I please guilty. Including today where the dow and s p both notched new alltime highs former fall of 119 points. S p gained 1. 5 . Nasdaq dipped 0. 19 as the rotation continues but i think the totality is a lot less illuminating than looking at individual companies and what actually drives them. For example, just last week, we did a twopart interview from the New York Stock Exchange with boeings Ceo Dennis Muilenberg where he told us that his company is having an extraordinary year maybe told us in seven or eight different ways its spewing cash and he made it pretty clear that this is the healthiest boeings ever been. So he wants to reward you, the shareholder. Sure enough today, boeing boosted it