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Looking, well be following up with the two of you, on the idea that if you triple the standard deduction and a number of senators of both Political Parties are interested in a significant increase in the standard deduction, you dont have so many people itemize and that is another possibility. But well follow up with you on the simplicity issue. I want to wrap up with one last question and that is, is there one thing you regret about what happened in 86 and you would counsel us in terms of what t...

Thank you. Mr. Williams. Im going to take one of his second as he went on as you noted. I cut him off as well. I dont cut off director ellmendorf. I cut off members. [laughter] now you get the drill. Thank you mr. Chairman and doctor for your testimony. Im a smallbusiness owner 42 years, family man. Like a taxpayer and a smallbusiness owner rather than a politician. The economy and main street economy is not fixed. Its hurting. I can tell you that. And the 0 hasnt worked in the stimulus money ha...

A percent of gdp during that time. They are hire in each of those years than they are today, is the rights because thats right, congressman. And their higher, are they not do, in each of those years than it will be as a percent of economy 10 years from . Yes, thats right. My calculation is that the average amount of revenue as a percent of gdp when the last balance the budget was 19 of gdp. During those four years the average amount of revenue was 90 of gdp. Now, you have just testified that the...

Programs that reduce the existence of poverty and the suffering associate with it. So i want to ask you, what policies are antipoverty initiatives tend to get the most bang for our buck in terms of boosting Economic Growth . For example, what is the impact of Economic Impact of not extending Unemployment Compensation for the 1. 7 Million People have lost their checks what theyre looking for a job . Will we see them fall into the ranks of the poor . Does raising the minimum wage boost Economic Gr...

With that being said, my question to you would be what benefits would we be reforming the book and tax code by lowering taxes and tax rates and broadening the tax base on the individual and corporate basis which is revenue neutral as i have indicated . Congressman, when he and other analysts think that sort of tax reform that could you have described could boost Economic Growth. But the metal into the first depends specifically on the tax reform that the congress would consider. And we are stand...

Mendocino county. A large area of rain off shore moving into our direction. Lets take a look back at the storm totals wednesday through sunday, taking a look at the impressive totals. Russian river over 16 inches of rain. Eight and a third inches in san raf yes. Nearly four inches in San Francisco and oakland livermore. Nearly two and a half in san jose. And in terms of normal rainfall for this time of the season, were at 200 of average now in sacramento. And well above the normal levels for all...

Emergency Unemployment Insurance. And we certainly, mr. Chairman, should not mess around with one that we pay our bills on time. Thank you very much. Dr. Price. Dr. Elmendorf, welcome to the committee once again. Appreciate the good work cbo has done anything my friend from maryland says the report is good news and bad news. And i would agree with that. The problem is that when you compare it to last your support and reports prior to the, theres more bad news issue than it was last year, and les...

Are across the major indexes. The dow the worst performer today, off 200 points. Thats roughly session lows here. A lot of that though we should mention is boeing. That company reporting earnings that were better than expected but guidance for 2014 that was weak, its contributing about 50, probably closer to 60 or 70 points now of the slide were seeing on the index. Here is a look at the other indexes. We have the nasdaq which is off about 48 points at this hour. Some of the big tech names weigh...

Growth that we could be doing in the near term . A number of times now in the past, we have given to congress our estimate of congress our estimate of the set options for spurring the economy in the shortterm. As the fiscal policy options, does that put money in the hands of people most likely to spend it. So increasing the aid the unemployed has been very high on the list in terms of the bang for the buck, so providing additional refundable tax credits to the lower income households reducing th...

About that trump tower meeting. And warning shot. Is the u. S. Led show of force enough to push back on the north korea crisis . I agree with the president. We should not be talking right now to a nation thats firing rocket missiles over the top of japan. This is mtp daily, and it starts right now. Good evening and welcome to mtp daily. Im indicate yi tur in for chuck todd. Were expected to hear from Vice President any moment and on the escalating russia investigation. Vice president pence has s...