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Looking, well be following up with the two of you, on the idea that if you triple the standard deduction and a number of senators of both Political Parties are interested in a significant increase in the standard deduction, you dont have so many people itemize and that is another possibility. But well follow up with you on the simplicity issue. I want to wrap up with one last question and that is, is there one thing you regret about what happened in 86 and you would counsel us in terms of what to do in the future . In other words, it is always easy to think about what is possible today in the abstract, but you two went through it. Anything you regret and you would like us to change . I know that one thing i regret about 86 and i was june a junior, Junior Congress person is senator bradley is right when he says no Curre ....
Could Work Together on a bipartisan basis would make enormous difference for a generation that is going to need Retirement Savings for a sound future. Well are we saving more or saving less . As a country our savings rate is improving as our economy has improved. But we need to see middle class workers saving more for their retirement if. If you look at the distribution for Retirement Savings the average amounts most middle class workers have is not really enough to rely enon. You have to strip out of the averages with the very large accounts due to the sdo to the averages. And weve tried to put in place the kind of tax incentives to move the process forward. Thank you. I yield back mr. Chairman. Thank you. This theres within talk about helping middle class Sma ....
Here. Paul woolford. Here. Fady zoubi. Here. Vice chair is present. Acting chair we have 3 members present and a fourth coming in. Quorum is 3. We have quorum. Thank you. Before calling the next item i have a quick announcement i intend to recess for 15 minutes the middle of the meet to stretch our legs and have a snack and take a quick break. And i plan to ooh journal by 2 p. M. I will do my best to be sure we do adjourn by 2 p. M. Are there requests to amend the order of our agenda today . Secretary fuller call the next item due to on going Covid Health Emergency and given the Public Health recommendations issued by the San Francisco department of Public Health and emergency orders of the governor and mayor concerning social distancing and lifting the restric ....
Host how long can that take . Guest you know the regulatory system got a lot better about it because you know cancer, people dont live that long and we dont give up these great discoveries. The agency has been very open about we understand we dont have a lot of time here but if you look in the year to two years and the year for us to develop the trials and then another year for the fda to review it and get it really so its not an obnoxious amount of time compared to therapeutic approval. But we do need translational medicine and regulations that allow us to take Research Discovery faster into the clinic for stage iii and stage iv cancers. With stage i and two we can get those treated well and monitor them. Stage iii and four its almost a hail mary at some point where we are trying to do something for that patient. Host is it expensive, the regulatory process . Guest it is expensive but its expensive because the fda and agencie ....
Streamers down. Surprise contraction in gdp. The economy shrinking for the first time in three and a half years. Lori also, betting big on library. Research in motion changing its name and unveiling the highly anticipated blackberry 10 device. Coming up in minutes. The ceo Thorsten Heins. Melissa and it turns out japans two Largest Airlines have had problems with the dreamliner battery long before the issue. Time for stocks as we do every 15 minutes, lets head to the floor of the New York Stock Exchange. Nicole petallides. Those gdp numbers keeping the dow away from 14,000. Nicole they certainly did throughout the morning. It brings concern when there is no good gdp numbers. There has been less on defense and concerns, lets take a look now, much like we have seen recently where the dow goes over that one chang ....