We will come to order. Oury, we will consider consideration of the tax cuts and jobs act. Promised, wes delivered to members a modification that we will incorporate this morning. After that, all we will walk through the modification. Members will get an opportunity to discuss and ask questions about the modification. Once that is complete, it will be open for amendment. I want to thank my fellow committee members. Include a number of their amendments in the modification in the mark. I think the market will be better for it. Process,outset of this producing this legislation has been a group effort. I want to thank all of you for your hard work. Lets talk about the modifications. These are not see changes. The core remains the same. Complaints that the walkthrough was a waste of time were misplaced. One modification of the initial mark which will benefit american is a greater expansion of the Child Tax Credit. Bring it to 2000 per child. In addition, we will lower tax rates even lower th
The issue that we have as we shift away from technology there is no question from our point of view it is a more secure technology. Is his successor schip and bin . No. Not in our view because of the way you authenticates our cardholder. But that said it is a significant improvement in cars security verses traditional strike only but shipping and can chip and pin for attacks when somebody loses a card but in the chip and pin world that is practically impossible although we did jesse an article talkedabout new streaming technology coming out of mexico that may make chip and pin cards more vulnerable than men previously suspected. But that said i dont think there is any question were moving emv there are millions of these cards provided to consumers. This is something they will get used to having in their wallets but it is not the Silver Bullet against fraud. We have seen in other countries such as the u. K. When they made the shift from the of Magnetic Stripe much of the fraud associate
Lets talk first about astrazeneca vaccine issues. First they reported positive results but now theres real questions about whether or not that is true. Where do we stand on that . We are trying to understand the fullness of the data. The positive side, a second form of technology has demonstrated efficacy. 60 or 90 . Its really important because it validates the virus selected to be part of the vaccine. Its the same as this coronavirus platform. The question is, why would a different schedule giving a lowered dose the first dose and a higher dose for a second dose to immunize . Why would that be better giving the same dose twice . Frankly, that something we are trying to understand. Were going to measure the immune response its been in use of two different schedules and see whether there is a better immune response. If there is, i think it will validate the fact that there is a better one and potentially we can modify the trials to introduce this differential scheduling with the lower