Joe is back. [deval patrick tolet me bring this hearing order. It might be the only hearing the house of representatives has had for the pending legislation. I want to thank our witnesses for joining us. Todays hearing is the first and likely the only hearing on hr one tax legislation. Lets give some historical perspective. 2000 one, when president bush took over from president clinton, cbo estimated the total Budget Surplus would be 5. 6 joined dollars. 5. 6 trillion. What actually happened was the federal government ran deficits totaling 6. 1 trillion. What happened between president taxtons time and federal cuts was simple. Tax cuts in 2001 followed by a tax cut of 120 in 2003. In 2005, there was a tax holiday that also cut back billions of dollars in terms of federal revenue. Each time, like today, republicans promised job growth. They took us to the casino, we win. Ot you really get. The Treasury Department issued a one page and analysis on monday is an 2. 9 growth that entirely c
House of representatives has had for the pending legislation. I want to thank our witnesses for joining us. Todays hearing is the first and likely the only hearing on hr one tax legislation. Lets give some historical perspective. 2000 one, when president bush took over from president clinton, cbo estimated the total Budget Surplus would be 5. 6 joined dollars. 5. 6 trillion. What actually happened was the federal government ran deficits totaling 6. 1 trillion. What happened between president taxtons time and federal cuts was simple. Tax cuts in 2001 followed by a tax cut of 120 in 2003. In 2005, there was a tax holiday that also cut back billions of dollars in terms of federal revenue. Each time, like today, republicans promised job growth. They took us to the casino, we win. Ot you really get. The Treasury Department issued a one page and analysis on monday is an 2. 9 growth that entirely contrary to what economists have suggested across the board. The reality is tax cuts do not favor
Howard county and anne arundel county. Winds at 60 Miles Per Hour here. Theres been reports of quarter size hail within the storms. Hin you can see t heavy rainfall and just how much is i mean bedded in this. Im going to go to another radar, look at all the lightening. Nin unbelievable. Were talking damaging winds as well. Wind gusts to be up to 60 miles an hour. Already been reported over 30 ii some areas. Are were talking areas such as columbia, bowie, byrd stadium, college park, greenbelt all in the line of these storms. A lot of heavy rainfall i meann bedded as well. Baltimore and hair forwarde a county, so if you are heading toward at the harbor thatsarbo another area that has to be watched. Im going to track one of these storms here for you. Take a look at district these storms moving to the east at bya 15 to 20 miles an hour, so largo, upper march bur ocean o oxford ease stonn all in thetonn you can see lightening thats currently i mean bedded in it. Some weve had reports of hai
And cards to express condolences to the people who lost their l live in nice. Earlier president obama ordered flags to be lowered to halfstaff and just a couple ofo ours ago he addressed whatddress happened in nicer calling it assigning attack and while we dont know that this necessariln was linked to any terroriststs organization, the president did address the ongoing fight with ice sell saying that we will destroy the terrorists organization. Now take a look at these disturbing pictures from niece h nice yesterday p it stretched pi for more than a mile after a man opened file and then mode down a crowd o af people celebrating ts field day. D running over men, women and innocent children. Sadly we do know that at least two of the 84 People Killed were american. They were identified as 51 year old sawn copy land and his year old son brodie vacation think with family members. Th 10 children in total were killed. What weve learned about the man responsible for the deatheath instruction s
Reporter jim and marina, the gunman who was killed by policei in a shootout has not yet been identified byLaw Enforcement. But sources are telling us that he is from kansas city. He carried out this attack on his 29th birthday. Again, three officers killedfice this morning. Another fighting for his life right now, two more are injured but expected to recover. For the second time in less than two weeks police ambushed while on the job. Code three on the south side wee got an officer down. N. Frantic moments in baton rouge. He had a mask on. Police in our country under attack again. Atta this started with a call about a man with a rival dressed in black. Almost immediately after policee respond he starts shooting. Within minutes, six officersce shot, three of them fatally before the gunman is killed. Kill no a shooter in the city of baton rouge. We do believe based on the information that we have, again, this is ongoing, we believe that the person that shot and killed our officers, that