Ways to overcome those obstacles. This is about one hour and half. [inaudible conversations] the committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you reach your net worth. The median net worth of white household with
[inaudible conversations] the committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you reach your net worth. The median net worth of white household with 130,800, the white median net worth of latina and households was 17
By women and people of color and turn to amass wealth as well as ways to overcome those obstacles. This is about one hour and half. [inaudible conversations] the committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you re
The committee will come to order. I note that a quorum shall be present without objection the committee is authorized to declare a recess of the committee at any time. Without objection members of the full committee, not on the subcommittee are authorized to participate in todays hearing. The committee is meeting today pursuant to the testimony on examining racial and gender wealth gaps in america. I now recognize myself for four minutes to give an opening statement. Todays hearing is around a Critical Mission avoid the subcommittee exist. The racial and gender wealth gap is real. Unacceptable and actually much larger than people think. True wealth can be defined by adding of total assets including cash retirement account or your home and then subtracting liability which is credit card debt, student loans, mortgage to reach you reach your net worth. The median net worth of white household with 130,800, the white median net worth of latina and households was 17530. And for black househo
Legislation has not been released. We do have some key provisions. Reportedly lowers the Corporate Tax rate from 35 to 21 . The top individual rate for the wealthiest drops from 39. 6 to 37 . The compromise bill caps deduction for state taxes and property taxes at 10,000. It allows a mortgage Interest Deduction for loans up to 750,000. Live coverage Caroline Shively in washington dc with more. Reporter gop leaders scramble to finish their tax reform bill behind closed doors. Trump was out front promising miraculous results. We stand on the verge of a new economic miracle. Reporter pushing aside claims tax reform claims the the typical family of four earning 75,000 was he an income tax cut of more than 2000. Slashing their tax bill in half. Put mac negotiators are making changes. The Corporate Tax rate expected to be at 21 . Down from the current level of 35 . The top individual tax rate is going down from 39 to about 37 . The mortgage Interest Deduction will fall in the 700,000 range f