Understand how much of a hole its going to blow into the Housing Production but i expect that there are other unintended consequences by twhesm just found out last night that wind and solar will also have the same issue in being impacted by this. I hope we can adopt my amendment and fecks this. I hope we can slow down and understand this important part of our tax code. Thank you, mr. Chairman. Senator grassley. Mr. Chairman, members of the committee, im not going to vote for this amendment but i do appreciate that she brings up an issue that we better be very, very certain about, not only because of low Income Housing but also because of Renewable Energy and she mentioned wind and solar, something that should not be touched, and it is hurt very badly in the house bill. Shouldnt be tutched by any of this stuff. We made an agreement three years ago to be in transition get rid of the tax credit 20, olar 21, for wind in and as i indicated yesterday or two days ago in our discussion in my v
Warm welcome to Worldwide Exchange. Im wilfred frost at cnbc hq im safer sar a eisen in washington today were always here when finance ministers from around the globe descend on washington. This time its unusual 2017 for the first year since before the economic crisis and financial crisis is a year of synchronized Global Growth european debt crisis, fiscal cliffs, all sorts of uncertainties in the u. S forget it. This year the Global Economy is in expansion mode together, its not just certain economies were relying on the question is how fragile is that how sustainable is that . How can policymakers take the opportunity to put in place policies that will sustain it. Policies like tax reform front and center in washington for the u. S. One other common theme, apart from the uk, is the lack of inflation. Im sure thats a topic that will come up i thought we would get a catchup first i only see you by video link these days its a busy week for me the p g proxy vote in since nat tichlt ill c
To reach those kinds of levels changing the way that people are thinking about the electricity or the Energy Market systems that they are being incorporated into . Thats a good question. Look, its a cliche but this is truly disruptive technology. We have we built an electric system that is hub and spoke, thats been around for a while now and is centrally controlled. With exceptions, relatively manageable. The sheer nature of distributed power, whether thats pv or maybe its microwind or other things, is that creates challenges. Thats a change. Then throw in the fact that there is the unpredictability about when you get the juice. That creates further uncertainty. Look, the answer is that i think your program is great and people are trying to think about where the utility fits in everything. Theres a lot of smart thinking and reconsideration going on. Theres some people who are saying, i know where the utility fits. Its where it has always fit. This is a fad and its going to come and go.
Not be household names, but theyre among the 22 u. S. Corporations to announce a tax inversion deal since 2011. By buying in a different country, they can move their operations overseas and pay lower rates. They can manufacture their products in the u. S. , and sell primarily to u. S. Consumers, and still officially call another country home. President obama said that it lacks patriotism. And they want them to crackdown. They say that the United States high corporate rates are to blame. Debate is heating up and its as much about politics as dollars and cents. When some companies cherry picks their taxes, it damages the countrys finances, adds to the deficit and makes it harder to invest in the things that will keep america strong, and it sticks you with the tab for what they stash offshore. Reporter in his wiki video address, president obama criticized crete buying at a lower tax rate and claims that new lowtax country as its primary home. The president called it a renunciation of citi
He did that for a number of years and then he said, i think id like to become a congressman. He became a congressman for oklahoma and did that for a while. Then he said, maybe id like to be a senator. He did that for ten years and hes going to step down about two years early before the end of his term this year. God knows what hell do next. Maybe hes going to land a plane. Well find out before he gets here, but he should be here before too much longer. Ms. Kennedy, same line of thought we have. One of the things dr. Coburn really insisted on, pushed for when we introduced our initial bill a year ago last august, this past august, and he basically said, the Postal Service is not foolish, theyre not stupid, theyre not deaf to the marketplace. Lets give them the flexibility of set rates. If they charge too much, customers will stop using them. If they theyll eventually find a sweet spot. In the end we did not do that. There was a large criticism from the public and so forth. We thought we