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The finance committee will come to order. The u. S. Tax code is infected with the chronic diseases of loopholes and inefficiency. These infections are hobbling americas drive to create more good wage, red, white and blue jobs here at home. They are a significant drag on our economy and are harming u. S. Competitiveness. The latest outbreak of this contagion is the growing wave of corporate inversions where American Companies move their headquarters out of the United States in pursuit of lower ta...

[inaudible conversations] okay, i guess we can start. Thank you all for coming. This is a great crowd and were all very happy to have you here as we talk about the financial crisis and financial history under the title gaming the system finance in america which is really what its all about. Before introduced myself and the panelists i just want to make a couple of quick announcements. First of all we ask you to silence your cell phones and we point out that personal recording of these sessions i...

Opposite. Indeed, american welfare can be advanceded by ensuring that investments in the u. S. And abroad are owned by the most productive owner and the americans flourish. A goal now adopted by most comparable countries. While the developments described above have crystallized t case reform still variation in proposals for territorial regimes. Some proposals including those with an alternative minimum taxn foreign profits or can amount to a backdoor worldwide regime with more complexity than to...

Systems. 28 of the 33 oecd countries have territorialtype tax systems. Is it accurate that a u. S. Corporation is at a disadvantage . Doctor, if you could, i brief answer because i want to recognize senator grassley. Yes. We develop neutrality. It does not matter where the dollars go but who owns what. And its clear of the manifestation that u. S. Firms arent good owners because of taxation of assets around the world. And its better to be domiciled somewhere else. Thank you. Mr. Chairman, heres ...

Corporation is at a disadvantage . Doctor, if you could, i brief answer because i want to recognize senator grassley. Yes. We develop neutrality. It does not matter where the dollars go but who owns what. And its clear of the manifestation that u. S. Firms arent good owners because of taxation of assets around the world. And its better to be domiciled somewhere else. Thank you. Mr. Chairman, heres what id like to do with my five questions. I want to ask mr. Stack a question, let him think about ...

Branch of code for america over in oakland and one in sacramento and they are sort of all over the state that do the similar things to what we are doing. And we can share the tools, that we are using to analyze and enrich and structure, the data. And so that we dont have any repetition of work and so that we can all sort of stand on each others shoulders and make progress with these things. And, yeah, so, those, maybe, we rambled a little bit. But, there are a number of sort of technical, social...

So that is the main part of code for america. And then there are the local, sort of chapters, they are called the brigades, which is volunteers from within the xhunlt community itself, who come in and we meet, every wednesday there. And then, we have the different projects and everybody gets to choose a project that they would like to become an ongoing part of. I see, at least the chapter aspiration is not necessarily to get to a funded level, or a contract, or a series of contracts that you wou...

Sets, so that if you ended up importing this into excel, and did your own analysis, you could give us the data and we could put this on the internet. You know . And sort of under our name and in our system as something that can be, you know, built on that is not necessarily endorsed by the government, but it is part of our organizations effort to make the data more understandable and usable and so we are working on some very, you know, sort of basic tools for doing that. But, it is early stages,...

Satellite shows us significant cloud cover is back in ohio. Well have a fair amount of sunshine with a few clouds popping through. My twitter follower lynn in blackwood new jersey is reporting 65 degrees which is pretty much in keeping with the rest of the region. 58 in millville. 63 in allentown, 69 at the boardwalk in atlantic city. 72 degrees by 9 00 a. M. 79 degrees by noon. 3 00 p. M. , 84 degrees thats going to be the high today. Humidity remains on the low side today so fairly comfortable...

A survey asked travelers about all the add on fees and their answers may surprise you. Lets go outside to david murphy who is enjoying being on the patio and karen rogers has traffic. Reporter lets look at satellite, we dont have a lot of the clouds, a little over south jersey. Theres more out by pittsburgh, but thats not an issue for us overnight and tomorrow, where there will be more of a sun and clouds mix. 58 degrees in the vicinity of millville thanks sam. 62 in wilmington, 63 in trenton. 5...