Be used to spur economic recovery but first remind folks what the Tax Foundation does and how you do it. The Tax Foundation is an organization that educates the public on tax policy and also assist members of congress in developing tax policy. We do in particular analysis of the cost to the economy and to the government of tax increases or tax decreases, Tax Foundation. Org is a website as. As we look at recovery efforts, its now been four months since america startedon shutting down. Congress congress is appropriatr 2. 5 trillion in response. At what point do we start focusing on longterm recovery as opposed to responding to immediate needs that are happening in the here and now . Guest thats hard to say. I had originally thought when the crisis began that around the end of the summer we would need to make a strong tilt towards longterm growth. We had sort of a threepart approach to this during the immediate crisis we needed to write liquidity for businesses, for households so they co
I have a brief Opening Statement here before i take your questions. Yesterday, secretary of the treasury, donald regan, sent to the congress a request to raise the debt ceiling to 985 billion. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because it is clear that the massive deficits our government runs is one of the root causes of our profound economic problems. And it, for too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs of the American People. The clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People what we have already done. Within moments of taking the oath of office, i placed a freeze on the hiring of civilian employees in the federal government. Two days later, i issued an order to cut down on government trav
Foundation does and how you do it. Is an the Tax Foundation organization that educates the public on tax policy and also assists members of congress in developing tax policy. We do in particular analysis of the costs to the economy and to the government of tax increases or tax increase tax decreases. Host as we look at recovery efforts, it has now been four months since america started shutting down. Congress appropriated over 2. 5 trillion in response. At what point do we start focusing on longterm recovery as opposed to responding to immediate needs that are happening in the here and now . Guest that is hard to say. I originally thought when the crisis began that around the end of the summer, we would need to make a strong tilt towards longterm growth. So we would have sort of a threepart approach to this during the immediate crisis, providing liquidity for businesses, households so they could keep their rent payments, they could, businesses could keep people on payroll. Passed, acut
Allegations of corruption, and indictments and guilty pleas swirling around city Hall Contracting the city family is plugging along with another enormous bond for this november, much of it which will go to d. P. W. The ethics budget is not an expense. Its an investment that pays dividends and in cost savings and honest government. Thank you very much. If you are joining by the webex Browser Extension, if you wish to raise your hand for this Public Comment and other Public Comments, you may do so by clicking on the raise hand icon. Its located in the participants panel on the lowerright corner. To access that panel, you can click on the navigation bar located in the video screen by clicking on the participants icon. I do not see any additional callers concerning Public Comment. Im going to close Public Comment first, i want to say in response to the Public Comment, to the first specificker who had substantive points of information concerning City Contracting i do hope that the whistlebl
Chair discusses the coronavirus. Join the conversation on facebook and twitter. Washington host good morning. It is monday, july 13, 2020. A threehour washington journal ahead and we begin the day the race from the for the white house and we are three weeks away from Vice President joe biden announcing his running mate. We want to hear from democrats who do you think joe biden should pick to be on the 2020 ticket . Democrats in the eastern or central time zones can call in o 274 88000. You can also send us a text. Please include your name and where you are from. A good monday morning. As a reminder, joe biden has said he would pick a woman to be his running mate in 2020, so that helps narrow down the list, but were asking democrats who runninge joe bidens mate. This piece takes up the 11 most logical picks. The top three, congresswoman val demings of florida, senator Elizabeth Warren of massachusetts, and the number one pick, senator, harris of california. Aaron blake writes she has be