A look at the impact of the coronavirus pandemic on Social Security. Witnesses before a house panel say recipient to rely on the income could be affected by a prolonged economic downturn. The subcommittee on Social Security will come to order. I want to welcome all of our witnesses and audience members, thank you for joining with us today as we bear up under covid19 and addressed technologically to coming together. We will begin with Opening Statements by myself and the Ranking Member. Testimony from our witnesses and the opportunity for each member to ask questions. We will dispense the practice of observing and instead go in order of seniority for questioning, alternating between minority and majority. Member will be responsible from youding and then muting themselves throughout the proceedings. Thank you all for your patience as we navigate this new technology in order to continue serving our country in this time of need. With that i would like to welcome everybody to the ways and m
Can work with on a comprehensive solution legislatively. Thank you, mr. Secretary. I yield back. The chair recognizes mr. Meehan. Thank you, chairman, and secretary. I have a great deal of respect for you but i have some fundamental disagreements with a couple of the points that were made. You are the one who said somehow somebody what you are doing is creating an opportunity for them to be lawfully in the country. I think it is a unquestioned point that as the law stands today, anybody who illegally enters the United States is a deportable alien. What has happened by this directive is the president has stepped into the authority of determine if under the existing law you have identified somebody who will lawfully be here so long as they , using prosecutorial discretion, they wont be do for did wont be deported as long as they arent a threat to Public Safety or Border Security. How can you create a class of people who are beyond prosecution and not be violating the constitutional separ
Herman it expansion on section 179 and other longerterm extensions and the president blew it up so we will do a clean one year deal. Does that, kate your task next year . Yes we will have more work to do but this has more uncertainty. One question on that part of the president s objection is the income tax not being extended here which is some thing you talked about and supported. Even if youre unhappy with him on this point you take the point on income tax credit . I do intend taking up the issue on reforming income tax credit i put up a lot of put up a plan on a lot of issues surrounding poverty and i think it needs to be improved and there is some issue that needs to be addressed but those were stimulus parts of the tax code which if you recall the pitch arry summers and other made, deal. In that atmosphere what is our honest assessment of the chances for good tax reform really taking shape. It will not be for a lack of trying. We think it is fundamentally the key cornerstone for fa
Medical marijuana distributors could face an effective federal income tax rate as high as 75 . You have to go to france for that kind of a race. A law preventing drug traffickers from profiting off of their crime. So using medical marijuana is legal but not in the eyes of the federal government is not so those basic deductions for Small Business owners are used to dont apply to marijuana shops. This is one instance uncle sams needs to tax away. If they think i its a good ide, at least taxyers should get some kind of compensation. That is my two cents more. That is it for tonights the willis report. Thank you for joining us. Good evening, everybody, i am lori rothman in for lou dobbs tonight. Wwere four days away from spending cuts known as the sequester from kicking in. President obama predicting armageddon but still not negotiating with congress. Still looking to raise taxes and on the campaign trail instead of working toward a negotiated solution. President obama reiterating his stan
Medical marijuana distributors could face an effective federal income tax rate as high as 75 . You have to go to france for that kind of a race. A law preventing drug traffickers from profiting off of their crime. So using medical marijuana is legal but not in the eyes of the federal government is not so those basic deductions for Small Business owners are used to dont apply to marijuana shops. This is one instance uncle sams needs to tax away. If they think i its a good ide, at least taxpayers should get some kind of compensation. That is my two cents more. That is it for tonights the willis report. Thank you for joining us. Good evening, everybody, i am lori rothman in for lou dobbs tonight. Wwere four days away from spending cuts known as the sequester from kicking in. President obama predicting armageddon but still not negotiating with congress. Still looking to raise taxes and on the campaign trail instead of working toward a negotiated solution. President obama reiterating his st