Committee will come to order. This mornings hearing will be the first on the president s fiscal year 2019 Budget Proposal. The Committee Welcomes secretary mnuchin who is hear to testify on the budget along with other members that may arise from questions. I think i speak for all members of the committee to say were interested in secretary mnu yn chins thoughts and insight on a number of items proposed in the budget. The budget envisions that governments receipts will average 17. 1 of gdp over the tenyear budget window, slightly below the long run average of 17. 4 over roughly the last four decades. It also has outlays averaging 20 of gdp over 10 years, which is also slightly below the long run average. The budget also includes some tax proposals, but they are not as sweeping as those weve seen in prior budgets, as you would expect following enactment of the new tax law at the end of next year last year. Thus far, im pleased by the success of the new tax law, which has already resulted
[cheers and applause] john the phrase American Dream came with a book written in the midst of the depression america is that dream of a land where life should be better and richer and fuller for everyone and for many people the dream has come true but now ayatollah something is wrong. It is no longer accessible is it suffering or alive and well . 75 percent said suffering. Is that true . How many of you think is as achievable as it was before . [cheers and applause] how many of you feel not so much . [applause] pray pessimistic. What a man who people say has lived the dream to creative for medical dash many others is called the most powerful man and lost a is. Steve when steve steve wynn. They like you. [laughter] you are selfmade multi billionaire and how did you do that . I am told the town was seedy but you built hotels that were more appealing but i would think a lot of people had that idea. Ideas are easy but doing it is difficult. John what was difficult . I am not a billionaire.
[cheers and applause] john the phrase American Dream came with a book written in the midst of the depression america is that dream of a land where life should be better and richer and fuller for everyone and for many people the dream has come true but now ayatollah something is wrong. It is no longer accessible is it suffering or alive and well . 75 percent said suffering. Is that true . How many of you think is as achievable as it was before . [cheers and applause] how many of you feel not so much . [applause] pray pessimistic. What a man who people say has lived the dream to creative for medical dash many others is called the most powerful man and lost a is. Steve when steve steve wynn. They like you. [laughter] you are selfmade multi billionaire and how did you do that . I am told the town was seedy but you built hotels that were more appealing but i would think a lot of people had that idea. Ideas are easy but doing it is difficult. John what was difficult . I am not a billionaire.
[cheers and applause] john the phrase American Dream came with a book written in the midst of the depression america is that dream of a land where life should be better and richer and fuller for everyone and for many people the dream has come true but now ayatollah something is wrong. It is no longer accessible is it suffering or alive and well . 75 percent said suffering. Is that true . How many of you think is as achievable as it was before . [cheers and applause] how many of you feel not so much . [applause] pray pessimistic. What a man who people say has lived the dream to creative for medical dash many others is called the most powerful man and lost a is. Steve when steve steve wynn. They like you. [laughter] you are selfmade multi billionaire and how did you do that . I am told the town was seedy but you built hotels that were more appealing but i would think a lot of people had that idea. Ideas are easy but doing it is difficult. John what was difficult . I am not a billionaire.
[cheers and applause] john the phrase American Dream came with a book written in the midst of the depression america is that dream of a land where life should be better and richer and fuller for everyone and for many people the dream has come true but now ayatollah something is wrong. It is no longer accessible is it suffering or alive and well . 75 percent said suffering. Is that true . How many of you think is as achievable as it was before . [cheers and applause] how many of you feel not so much . [applause] pray pessimistic. What a man who people say has lived the dream to creative for medical dash many others is called the most powerful man and lost a is. Steve when steve steve wynn. They like you. [laughter] you are selfmade multi billionaire and how did you do that . I am told the town was seedy but you built hotels that were more appealing but i would think a lot of people had that idea. Ideas are easy but doing it is difficult. John what was difficult . I am not a billionaire.