Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i
Tax rate of those companies to be reduced. And thats why were talking about this subject. So it appears that having a bow tie is not an indication of prof sor yal stature but tax planning. John, you started us off by talking about the fact that your view, this set of practices were a symptom of a larger set of drivers in the Corporate Tax structure and that ultimately and i think you wouldnt get any disagreement with anyone here we need to be addressing those larger drivers. But in the context of the current debate, first of all, can i ask you to ask would the measures that steve and steve have put on the table be effective and then we can go beyond that to say should treasury take it. Lets start with the effective. So the answer is i dont think so. But theres an overarching point before i get back into the weeds which is why are we trying to raise the bar so it will be harder for companies to leave the United States. Why arent we trying to do something to make it more attractive for t
And aerosol is when people are coughing with those droplets but not really contaminate the air that a brief so that is how i looked at it. Order what it teat dr. Fauci was talking if this was just transmissible or like influence though influenza. You had cases when people across the hall were getting a infected but nothing like that is happening with ebola. But i would say how we take steps with prepared this and has steps in place so there was something we could do with the airborne virus so we need to be ready for anything even though in this case it is nothing that any scientists anticipate. We will be back with our live town hall. [applause] teeeighteen the ebola virus arrived on the tray table or an arm rest on a plane or the inanimate object of what should people do tuesday uninfected . The question were always asked in some respects that if you take ebola and have blood or diarrhea or vomiting if the inanimate object it last 20 minutes or so. That directly definitively give you
American taxpayers more than a Million Dollars. Earlier white house tried to downplay its role. To be clear, white house doesnt have role on the front end of approving private Charter Flights. Thats agencies and something were looking into from this point forward and asked a halt to be put particularly at ahs on any Charter Flights moving forward. White house may not approve but played a role in travel costs overall. Approved the use of Military Aircraft for prices trips to africa, europe and asia to tune of half a Million Dollars. Adding to the cost. Price reimbursing government about 52,000. Inspector general is investigating whole mess but in case of private jets, anyone can figure out how outrageous the
travel costs were. 300 to fly commercial from washington to nashville. He took a private plane at more than 17,000. At least 20 trips. Including a flight from washington to philadelphia, can drive in 2 1 2 hours or train for 72. This is just the spending that price railed against un
You, craig melvin here. Today is National Doctors day and before we get started here lets start by thanking all of our medical professionals who are out there on the front lines putting their lives at risk to fight this virus. We are so very thankful to you today. Meanwhile, right now, the United States tops the world in coronavirus cases. This hour there are more than 143,000 known cases here, almost 2,500 fatalities so far. And as the number of cases continues to surge, the white house is responding by extending those social distancing guidelines. They had hoped to pull back by easter. Members of the White House Task force predicting millions of americans could be infected and as many as 100,000 to 200,000 could die. For the epicenter of this crisis in new york some new help, new help has arrived. Its the usns comfort, it docked in new york city a short time ago. It is a floating naval hospital, more than a thousand beds. Its going to help relieve some of the strain thats on the city