First issue so we can get to the chairman. First let me calls ways and means to order and before hour hearing the annual budget for fiscal year 2021 in accordance with the requirements of 301d of the congressional budget act of 1974 and house rules x clause 4f. Members will find a copy of the letter to the Budget Committee in front of them. Youve also received the same in advance of todays notice. Let me thank Ranking Member brady for working with me on this matter so that we are able to submit a concensus document to the Budget Committee that reflects the priorities of the ways and Means Committee as a whole. Without objection, the views and estimates will be considered as read and open for amendment at any point. And if there are no amendments, i will now recognize mr. Thompson for the purpose of offering a motion. Mr. Chairman, i move that the committee favorably report the committees annual budget views and estimates letter for 2021 to the committee on budget. All those in favor of
Reflects and builds upon the economic policies of this president which have unleashed one of the most powerful economies in american history. Unemployment is down across the board. People are coming back into the work force. Wages are rising. Pensions and College Savings accounts are growing. This budget continues these economic policies and once again provides a path for enduring economic expansion by tacking the very real problem of deficits in our nations debt. The plan offered today proposes to balance the budget within 15 years by proposing more deficit reduction, 4. 6 trillion, than any president in history. Under this budget, of trillion dollar deficits as far as the eye can see will be reduced to 261 billion in 2030 with a surplus in 2035. Debt as a percentage of gdp currently at 81 and projected to grow to 100 within ten years will drop to 66 by the end of the tenyear window. But this budget is not a green eye shades budget. It Funds National priorities that this administratio
Acting office of management and budget are Russell Vought on trumps 4. 8 million Budget Proposal for 2021 before the house Budget Committee. This runs three hours. I certainly welcome the acting director phoned the Russell Vought. Thank you for being here to testify on the president s 2021 Budget Proposal and i hope todays hearing will provide an open and amistad examination of the party set forth by the Trump Administration so they can get back to passing legislation Appropriations Bills that reflect the needs and priorities of the American People. I will now yield myself five minutes for an Opening Statement just six short months ago the president signed a bipartisan just, can everybody hear me . A just six months ago the president signed it twoyear budget deal into law. It does everything the president s proposal failed to do set rational discretionary lines allowing strong investments in our national and Economic Security and has bipartisan support including the bank member and mys
The senate live here on cspan2. Next, a look at the challenges of caring for Senior Citizens with caregivers testifying on the lack of affordable longterm care for the elderly. [inaudible conversations] [inaudible conversations] would members and their guests please take their seats . Ways and Means Committee will come to order. Good morning and welcome. We are here to discuss a difficult issue that confronts nearly every family in our nation, and that is how to care for our loved ones as they age. It is certainly appropriate that we work to address this matter or in november, which is alzheimers Awareness Month and u. S. National Family Caregivers month. It is a deeply personal issue for many of us in the room, and for those who havent personally struggled to insure an older relative receives the care they need, you most certainly know someone in your life who has. Navigating a fragmented and insufficient longterm care system can be not only confusing and emotionally taxing, but also
Americans are still spending and they still have the money to spend. David and they are optimistic. Mike not only did they hang in the numbers showed the lowest Inflation Expectation in history for consumers over the next five years, just 2. 2 . Whetheris worried about Inflation Expectations get on board. T makes the on board unmoored. For is something to look in 2020. Kevin now we are going to in los angeles. What were the principal takeaways . Kevin im not sure there were major changes in the dynamic of the race. Two things coming from joe biden. He was able to successfully contrast himself to Bernie Sanders on medicare for all. After the debate, i spoke with some officials in the campaign that said they were satisfied with that aspect of the performance. I would note how he talked about china. He would want to work with the united nations, a contrast with the current status quo. Now we go over to london. We have a new head of the bank of england. What do we know about him . Andrew b