Transcripts For CSPAN Key Capitol Hill Hearings 20160112 : v

CSPAN Key Capitol Hill Hearings January 12, 2016

You have absolutely made my whole life. You are so inspiring. Thanks for being here. Oh my god [cheers] so wonderful. Oh my gosh thank you so much. Great, great [indistinct chatter] thank you so much. Great, great you are going to have a whole bunch here. [laughter] yes, yes, do you want to do it together . Got it . Wanna do it . Here we go do you want to do it, or do you want me to do it . Here we go [laughter] that looks good sure, lets do it. Here we go. Chatter]ct the four of us . Are all of us in . Thank you, guys we love you. How are you . Are you guys together . Yeah. Here we go. Here we go. [laughter] [indistinct chatter] hi. [laughter] [indistinct chatter] [laughter] hi. We are motherdaughter. Oh good, motherdaughter. Sure. Here we go. Chatter]ct cspan takes you on the road to the white house for best access to the candidates at town hall meetings, speeches, rallies, and and meet and greets. Were taking your calls by phone, on facebook, and on twitter. One month before the New Hampshire primary, a new pile shows with skin candidate donald trump increasing his polls. We have chuck murray with us. Patrick murray with us. Patrick since there is very little chance right now for donald trump to lose his lead. Hampshiresw notorious reputation for making up his mind at the last minute, he is just too far ahead to not come into first place. The real fight is for second place. It is a multicandidate fight. We have got john kasich and marco rubio and Chris Christie all vying. Ted cruz. Jeb bush is fading away. These last few weeks will be really important because the expectation is that trump is going to win, ted cruz will take the conservative vote which will put them in second life third place and will be the one on top . You mentioned that jeb bush 4 , soator rand paul at both candidates have eventually not moved in the last few weeks. Numbere have seen bushs in particular go down. Little by little, he is not getting voters. Bush is the only one in the field who has that negative. It looks like theres not room for another bush in the white house as far as the voters are concerned. Are these voters luck in . Is there a sense they could switch their decision or change their mind before the primary . Rick only one third of New Hampshire voters are actually locked in with no way of changing their mind. The other say they are pretty might not. Hey others are just floating around from candidate to candidate. Some could change their mind if they really shake up the race. Probably not shake it up enough first donald trump off of place because namely, when we ask people will if they are supporting trump they say, yes, not moving away from it. One toers, moving from another. But there is that establishment lead. Especially in the case of Chris Christie and marco rubio, we will see movement from one candidate to another and back again. In november you conducted a poll and 6 of New Hampshire voters favored ben carson, now down to 3 , so he is seen in precipitous decline. Patrick we really are not talking about ben carson anymore. He was an outside candidate. Rightuz owns that group now. What about Carly Fiorina and governor Chris Christie . Carly Fiorina, after the initial showing, never caught higher. She was in the low single digits. As christie is interesting because there has been indication he was searching and New Hampshire a few weeks back, right before christmas. Is coming out in the last few days suggest that is tampering down a little bit. While Chris Christie has probably spent more days in New Hampshire than any other candidates working town halls and doing all of that, it is that anyone has paid attention to him and thated bringing up things have dug him in his home state of new jersey but largely gone unnoticed. Now they are getting noticed and it is having a little bit of an impact. You walk uscan through the methodology, how many people you questioned and the margin of error. we have 414 likely republican voters. A very interesting process. Independents can register the same day. We know they allow this before vote, so we include people from the voter rolls right now are participants and some who have not yet gone out to vote. At them all together into get a margin of error of about 5. 8 . The lead for donald trump continues to grow. Chuck murray is the poster for murray is thek pollster for that. Obama prepared his state of the Union Address, he released this video on twitter. i keep thinking of the road we have traveled together for the past seven years. That is what makes america right. Our ability to come together as one American Family and pull ourselves closer to the america we believe in. To see sometimes in the daytoday of washington. But it is what i want to focus on in this state of the Union Address. Announcer cspans coverage starts tonight at 8 00 p. M. Eastern with betty and james looking back at the history of the president ial annual message and what to expect this year. P. M. , theat 9 00 president s speech. Your reaction by facebook, phone, tweets, and the email as well as those of members of congress on cspan, cspan radio, and cspan. Or. The address and 11 00publican response at p. M. And we will give for members of congress in statuary hall about their thoughts on the president s address. New jersey governor and president ial candidate Chris Christie delivers the new jersey state of the state address today live at 3 00 p. M. Eastern on cspan three. And meansouse Race Committee kevin brady with correspondent of been white. Chairman brady talks about his plans for tax reform and what he sees as plants and priorities for congress in the next president. This is 40 minutes. [applause] thank you. Thank you for joining us. We appreciate this as we start this new session of congress. We will start out with the broad picture. President obama will deliver the Union Address to the nation tomorrow night. He said it was a nontraditional address. We dont expect powerful proposals to go before congress. He will talk about his vision for the country, may be reviewed the past a little bit. Is there anything you are looking for or hope to hear from him . Are there any things he could say legislatively that you might be able to Work Together on during 2016 . The general consensus is, nothing comes from capitol hill 2016. Purely a political year. What you say . Are there exceptions to that . I am a texan fan. We had a really rough they will be back for next year, count on it. The president has kind of a clear choice here. He can continue with items that have been so divisive for this country, or he can lay out a clear vision for where the country can be in this economy. There are some questions, but the president inherited a very tough economy. Here we are 6. 5 years after the recovery began and we are Still Holding out breaths month after month for the jobs report. We can do far better than what where we are at. Im ready to see this president layout where he can work with republicans on fixing this. It is too costly, too complex, basically unfair. My see him take some stems regarding lowering the red tape. The regulatory barriers, because it really is the reason main street is not hiring today. I would like to see him work with us on welfare reform because we know we can get more people back into some real opportunities. And again, issues like trade. Why cant we build more here and sell around the world . I think there is Common Ground there. I expect him to talk about the transpacific partnership. Those are areas i am convinced we could work well together on. We will get into the Interest Rate more indepth and a little bit. Lets talk about the tax reform agenda. The consensus also is it would be a very difficult year to get any comprehensive tax reform package done. Do you plan to introduce a comprehensive tax bill in this next session of congress . Kevin brady the answer is, it depends. [laughter] kevin brady we are not going to have five people sit in a room and decide our tax reform. It will be created from the ground up during our conference next week. This week, we are going to lay out our principal audit. We are coming off very strong momentum by this tax bill. That was a critical moment. Going forward there has been , very good work done, Going Forward. Were going to continue that work with paul ryan. I intend to have a vote on International Tax reform this year in the ways and Means Committee. We will lay the foundation for what i call a tax bill built for growth. Billed for americas economic growth. I am often asked what is your , tax plan . I like to make the case that there are several ways we can get to, several paths to get to a tax code built for growth. I know what i want us to go and where i think our conference House Republicans want to go. We want a fair and simpler tax code. We are going to have to close detection loopholes so we can lower the rates for everybody. We need to make sure that Small Businesses do not pay more than large businesses. As many do today. I want all businesses, no matter how large or small they are, to compete and win. And when they do, i want them to bring those profits home to reinvest in america. Jobs, and it new facilities. The final principle for the tax code is that we are not bailing out washingtons spending problem. We are creating a tax code that actually grows the economy. That alone, will help us. You jumped into my next question, which was the International Tax reform. You said you would introduce a bill on that. Do you have a positive outlook that you can get bipartisan support for the tax reform . Do you think it can get through the house, senate, and be signed by the president in 2016 . Brady i am actually optimistic that we can do this. I know it is a very complex political environment, but i am also optimistic that we can fix this overall tax code. It will take a new republican president to get that done, but this year we have a very important step. We are being forced to move overseas, merge, acquire and move headquarters overseas. Plus, internationally this global effort to capture profits, most of them american profits. It is urgent we move forward. Having a system that lowers the gate and allows us profits to go back to the United States is critical. In earlier drafts from the ways and Means Committee those are in the right ballpark for rates. The fact that you have democrats like senator schumer that are willing and eager to sit down and work with republicans. We are very interested in fixing this. In the overall tax reform, if we can take a major step this year, its not only sends the signal that we are dead serious about competing again, but i think it allows us to focus in 2017 on the rates and the design. Tax reform is tough, there is no question about it. Taking it step by step could get us to a pretty good place. Ben white i am assuming you were hoping for a permanent change. Not a single oneoff repatriation that we have seen in the past. Tell me a little bit more about your vision for that, how to get that money on a permanent basis. Rep. Brady you are right in the first part. We do not need just a oneyear tax. What we did in 20042005, in a sense, the Company Brought back 300 billion in a very short time. That is not what we want to do. We want a permanent change. If it makes economic sense. And oftentimes, they do. Looking at drafts that we have laid out, now i think in four years, and the feedback we would get an 8. 3 for those profits. A dual rate. I think it is important. I think we are right in the ballpark, as i said, allowing them to be able to count on that longterm and having plenty of time to be able to pay that toll coming back, i think is important. I think i am convinced if we start with trying to figure out where to spend the money, rather than how we get the policy right, we are making a mistake. Let us get to the policy right. From a jobsperspective it will send the signal to ceos and businesses that they can safely invest in the u. S. , or wherever it is around the world. Knowing they can ring those dollars home. Ben white if you were going to allow these profits to be brought back to the u. S. That certain amounts would have to be dedicated to infrastructure, building, hiring. Is there any Common Ground between republicans and democrats about requirements that would be put on those overseas profits . Rep. Brady great question. The driver to date has been a oneoff five or six year transition. My thinking is that no one has nobody has me yet convinced me a dollar stranded overseas is better than a dollar brought back to the u. S. For any reason. Secondly, if i had my druthers, we would dedicate any revenue to lower rates in a comprehensive tax bill. I actually think using those dollars below the rate has become more competitive in a 2017 effort. That is the area i would most like to be focused on. Ben white lets go back to the moment you were talking about. The discussion of using repatriated tax revenue for the government to fund the highway bill, as opposed to the direction that ultimately, congress decided to go. How close was that to a reality . Rep. Brady speaker ryan was the one leading the negotiations and it seemed to me that he was very encouraged about the policy there. There was a lot of agreement between republicans and democrats on that policy. The other discussion there was the innovation bond, really trying to prevent america from being isolated. The technology and pharmaceutical companies were not basically forced away from investment in the United States. That took a lot of time in those discussions as well. So i would say the short answer to your question is, they made a lot of progress in those negotiations and discussions. It is worth picking up where they were at and continuing this to see if we cannot find some bipartisan agreement. Ben white i want to come back to those tax related issues. But, trade is obviously, a huge issue for you. I want to bring in doug palmer team to askr trade questions about that. [indiscernible] rep. Brady how would you gauge the prospects for ttp and what does president obama need to do to get republican support for the agreement . Rep. Brady i think passing that agreement is difficult, but how would you gauge the prospects for ttp and what does president obama need to do to get republican support for the agreement . Rep. Brady i think passing that agreement is difficult, but doable, doug. It is doable because the economic value of moving in to asiapacific area under our trade rules are critically important, with half of the worlds middleclass customers being in that region. It is like when you ask a bank robber, why are you robbing banks . He says, that is where the money is at. Now, there are some challenges. The white house made some solid decisions that have been costing them votes on both sides of the aisle. The key is first, taking up this agreement and the most open and transparent process that has ever occurred. We can thank those who passed the trade Promotion Authority bill for laying out that agenda. We will exceed those requirements for openness and deliberations Going Forward. The other part of that is Building Support in the areas from biologics to the tobacco areas and others. Making sure the United States is working with those members of congress on both sides of the aisle to build support. And so from a timing standpoint, my thinking is let the substance and the support of the agreement drive the timing. So we neither hasten it or delay , it. But we just keep Building Support Going Forward. Doug realizing what you just said, looking at the congressional calendar this year, there is not a very long summer session. The best next opportunity seems to be after the lame duck session. Do you think this is something that could be done before the summer break . Rep. Brady it all depends on how well support continues to grow. I think there is a good solid base of support right now. I think there is a good solid base of support. There is a lot of work to do. And theiness community, Agriculture Community and the Business Community has been telling the white house it is critically important in a serious way. I have seen signs of that occurring, by the way. I think the timing is to be determined. Based on the support. Ben white timing to be determined is something i have heard a few times in the past regarding ttp. I want to delve into that a little bit. The document is now available. You can review the entire thing now. Are you happy with it in its current form . Or are there specific things you think need to be changed, or should it be signed as it is now by the administration . Should we move forward with that document . Rep. Brady there are areas that i have concerns about and while we all follow different parts of those agreements to see the impact economically on our state or region, like other members i look at the architecture of an agreement. So, what does it how does it , deal with investor state relations . How does a deal with labor and Environmental Issues . Sword of stateowned enterprises. This architecture will continue through the next agreement. I have concerns i have labeled out to you. Nonetheless, you have to look at the agreement in its entirety and find ways to improve the areas that need improving, and then bring it to the floor. I think it is important for us to have a vote and work out these differences because this is really the first 21st century trade agreement. I know this phrase gets thrown out there a lot, but in the past trade agreements and i think i have been in

© 2025 Vimarsana