e chig ricksynd. [alause] we thank y ver thank you. plee ated ha you f ttar welc ood evenin is great to be th you tot. l mtart b rogng lieu concernri ey aker cotter senator majority der mikofforin

leader, aouinority leer imelemrs o the legislatur aem oe sue couembers othe court of appeals, sreta of steuth johnn, aor ralte, cab membersf the ladies and lemen ofhe legislature so wan t rec we have counci generals from canada ra jan, and mico also want t rnize they have a rresentathina withus ellow public servants and the n parlar i ask members o the micnaon a of rem o th milaryo s so we ca you scialren. if all o our memfhe li wld stan [applause

thayo . tha y f your guisd seic kping afe. itens of chig and l t t leas i wt recognize familyha forllfourupport t i'dsk nows mt of il. er trs othe yeart o o chigan serce mbs, seeant first class mhael rhartf bay c a weos lanfcement a plic safeffer in the of ga so iskhatou bow y head

for a m o silence out o spec k u sa. [mome ofsilenc ha you. et meegin b sin w ken ony challe tt ople thoht wer uievable. veehe- elievae the n aievabl d we' on man diffulis. chigs ahet pla dan it wa seval y ago we'reer. et ben with you,te nd en ee t d mendhat' at ton is all out, talking about howe go to t top t b the fatio th we built,ut far etterp up the pat of success. erms ofalk nit, goin t flo by traditl iohare severhings frhehboardecau i or that wre msuredn heha w hieved. 'moing to talou20 i'moing toalk about

i'm gng toive yo aoad map of activiesurinthcourse ofher for keyev andhe i'llclose. in tms of dashboard, w should bsoproud. inmsf th big industr michig what g chveme. th auto industhat great k, ag i youe th otutyoe t troit auto he north americanertional auto show you seeow trendously excitihais. umr to sta o s 01e had a 48 se incr i aomotive phe ste of chan, arly0% incase ye applause r our foo agrictu ustry,oodndiculture ricay importt. thy ha shini sr rri the diffilt yers and ly ctiing she brighter we alark that man didn't think we' hiev

iwasnnou that t fd and h eeeded $1 milli ecomi [appuse] termsftoism,e ctie t der we r michin works,lks,e ve it. but tgive y anchmark, over tt fewea in ter o state tousm i mianompared t just or so we're n s o annual bas or 2 milli mor tourists a yrs coming to michiganhausourea go th trem. pplae] in termsuritizen though we'rell seegreatings. i y look job creion i state, we've creed over 0000 prie sector job in th lasr years. tmends success. our umpen rat has droppe gnictly in010 i de 11.3

ber o this ltyear it was 6.7% a40% decas empl i fouye [applaus a decembeis coming out omorro let's e i we'reoingo have re progr movinichin ard. in tms o housingvalu yo compahrought ited san looovr e lt fr yes, howe e? the ref thentryveraged 16% incrse the state oig % increas we'reeeges me back ouritizens t they deservlau we, t me jp right into 014 and o tng i w ask agoueverearhi out mtlician i'm not litician i'd actuallysk you t h yr plausexceptor recogniti of ind becau ian to et 15 i exc to ere, i t a update on transpire th last yea

in terms major accomists. firsof all,morend bette obs,ki trades. f e things i foc on i know we're all eited out thi is to maken nunehekilled trades in unitstates ed thatath last year at the skillra aining fund for ourommuni olleges, 50 million llars to inve in nded equipmeor omty college to that tr we creatkied t tr f to h cpaes be succend we've s er 10 micers g onal traingob oprtitie a such bause of the skilledde traing fund onehi particular prou ofs nott at toy,b how 're preparorhe . ir rocs a tren p we've been supin you look a ks thato rstbotics the lihoo thl ooinring or th skilled trasoe dramay. wernumberwoi country sea ago. over theasfeyearsve deam ltear we added teams more tn t 5tates

combined, 4s ined we' up t 34 te 110e analornow. and we're movin to a lear in thand i want tive a shuto ketring university thatid a fst o a ind coyenteorirst rotic's teandhey' leer ha the predent o erinhe tonightnd i wa toecogniim a a regnize a studeamed haonfordot the acr, the stunt harzis ford. hes jior n and he wn aotics teamndeant smuch for m, but he' aenr the flint re s this is a asef seone hin succe and giving babing. et give sho u in t bacony for rt mcmaho therede of keting, rron ford sdentt

hank youo c. ppus p buiin thosebots. mscompli, persal prty t form e vn gust. s fundenta ters o making us metiv that balropol pasd wit resoug pphat d it mn to mianrs? hd-workingicgaers will now haventu w in small businessesbeuse th're moomtitive and the local govnmenas a more consisnt soue of revenu at was aoutsing refo. y lk atowe' done in gan inemps o ankings,n terms of our clate. r businx climbs orhe t four year 27th to4t d evenore imporntly in teofreri climate in the s of miigan we'veon from th toh. that's kin o envonment th's gng creeob in ouste. applause]

lekut ucation. wehod be absoly oud. weve bee a lder in the wit earhildodnd p-schooledatio for east two yrseade majogetomts $6 miion a yor aalf 0 milon a ongoing basis, ov 29,000 new opptunities pple inneedoueople n need to g scol. at outstandnd wehoul beou anthing eti i nt to m is a pship with theornera we camut wh a hoine, confal hotlinled okay tsay. anastee esul w gotte the first semter resuk and wve hadver 00 tipsome in addssed imant esuc as blyin scide ren, chi abuse, a hereo alslith pontases ofl violee. okay tsa is worki and we shldoud. i want to thank t attorne nel r his parern th efrt iner ofig thin

in terms ofichinith peopl sucss helpg igan itaunched last april. it's o vonf medicaid nsion doneghnvolng wels,ernal respoibilit we nowave ove 500,00 michiganders pticipati the program in jus thaumber of mont inermsfhateanso theives, wee or 50,000 pmary care visits now taki pl thosigmb but the imrtan it'sow eelngeaife pple mo fm bei unsured i the e.rowov to pventiv care eirme theve aedicalomends gvehelity f the lif a ses a mone and i want ge a sut o overo aea mingt appen. wgive a shout out t senator ke syor n that.

ather area ofachievemt, vy proud. i a dabit employm directivowardshend of bout h t o micga c do bter a hi witisab d thenraining o peoplo etter undend the chages f t disabitie pple face. i prouday tt befor i beme perso that now can have a gater areciatn o people w disabities earcular ccutance ve ns oyteorary, ut ha gene muc greaterrsive onhallens that sebody whisabily aces. erfsuppt, i remmtio come in tonightonhr jet pac rough theiling. y pena fate i lik t ia of zipline fromhe balco easticlyhenouave a disa youaveo ghtf a w to t th d to that in la d we'oi stwi aummi f disabits i

februy. ahoututo twoeople who veee aderernor call and jusce bern [appla o milar and veters itorta. i'm rll pudte' doth. gram forur nationa d mes,e camp wh a tuition aise pam tt hasotn tremeousl pos response. theseeople t theilion the lineor us a they deseedt andt'ut time gt ne the oer thing ts tremenlyiting is we're ade natn in some acvities our tens. we did a partnshipit the un wnd w 24 by 7, 365 day tle fstop sing for ourterans at's 1 #-800-ch-v. e're the nion t anwehod be proud. whespect to o seniors we seremeslositive thin ther nks t teade h

mahiga w sta fo in-me serce w ed lo deal with se aseer of bei re priv gdob a by the legture ic se, or threers ago i made t point we he fourfhe most vio citi in thtestatesn thop thunceab. we fully gte offhat list? no. ave we maderends pgres er last threeears sin had thaprra going to gi youn of relt ou cities detroi vio imes dn%. saginaw viorimes d 26%. pontiacnt cmes d 28%. fntiolent c dn28%. re goi tkeep i . e're g to stcommitd. e goinget tm ot tenishat' impornt. msf - nk applause tmsfhe envinmen we set b goanreing. wealn

rycli we t te depill makeus leader wha got behd i actually doingegulrecycl in this sta we we lad. o ippathe direction to sayet's doub al 1 t30%nd w sethe go t say wd gethe in ars, wre on ph get thenwoearsnde oud of that. th o in th vinment i wtoogze we a innate ita package working w our hunters and finn t st at wa't a just getng re res. they wa to in, buts toingorldcls geednou cienc topurural reurcestrothrivi hav moreunrsuthe woods doi good worknd more ishe catingig fish akgrsn michann atont. theas top wt to cover 20 was ent,ffti an accountle gornme efhingis fir of we had a veryllging year. thisheea disasrs in ste. m o y pnallad to g tse expes.

whad hug flo i ste an. ad flood midmichigan. he upper pene a feze m. we h a prone crisis in the upper whad he ebola issue. what i wouhough that we ld be proud. th ierms of preparedness in tms in ourrespon. e saremendousesnsot ly atheta and en private ianto give a shout to irst spon in icular micgan state poli andur localrgency nagement pe t first responrsll of our loc jctns, ma and f.d.a.,hank you forou gre w [applause] if lal gornme onthing hav t mentn,n terms of opporni andreat outme is the citof oit. we erged

from bkrupy from ity of detroit. andousl difficu prthat myplee gethero do speal things at staut and i do wantoecnize the t reallet happen. i wa t rogni tiree who mad a saicho wen throh very difficu tes a te wr with us though t support nd bargn. i want to rnizehe har wo tha the peopl a t diin termsf rngresource the fouat commiee for ragurces, all t gat ork tha tk plac tough pss take dit a ger, bple. in particar ian tthank mayor an. may thankound t city couil frur strg effo. ppe] a ntl flo um alumidremes woran wanto get him back ithe

ato ch, vyn [apau] and s oth individuas dn jus, buudge rosen and jgede d trenusorn thisfft an ian to ta e and er legislato forour conn, c to c gethto staps michande t say ware all state. we'retronstn we coizt'setroit michin andhehing i'm pro t after myecad ch one of u say nowhat we h tommonl of not elli deoit's stt yiet g cy detroiandlar pn emphasi on t neighborh t brinthem back to be a gat ple to live o stat let'setroiteep ctie goup andmayor, you have pportndartnip i kit pp. tyo [app

welnk yo 20. i'm excitednd i y e, too wi'm . fir of al i wanto reize gr biptisan w done athend of ltea a it wasut doing bipti so toea wh somet we kw whad to d tt's a transpoiopoo al wh the fthat we ha rotten roads andridges inur state. o in mgan lur roads andbrids. we got that w dobut rk i't ne. nowe ndsk oitizen topoha effrt m on tballot. wha iis allabout? the key iss i pubc saty. yoo at aou look at o brids, oneut oin tructullfi youige readbout cincinnati today terms

brhallge the. out o90 isuctu eficient whenrier aridge d see theplywoothere, w is e? t to kee therumbli ncreffouvehicle. en youoote potholes yo had t done peonal whenwee to me oleou're putng yoursf at and oerdriver youit thatle and bw atire you'r a risk o a majont. 'sptab. wedo soin fos, teo i . wh loo a the cost suctue aually looke at the of india a saw th on average w spe$132 mo t te ste oia forameehiclesn terms of rd dame. that's a l of moy, lks, to offt ct o this proposa in theend, wt ieedo ioteye e yes se n hav s

roa teeso wca g r of e crumbngdgesnd blin roads. e yes soe canav stronge sls and lal govent. yesoca hreef f lowere le the's only g reaso voteyes. let'get doneet'sett nenay ao rit. t [applse] ow le most gniftart of the tal onht ths aeviong howovernmentoperates this is te for bigsi. t's aetter w t do ings gernmen andhat' what w to share wh you no ilt riv oortuni. ande stage you. be o cntve unde did peoplee to andfter it wa founded, why do peoplinomend why hey c toy? we

t lf pounit at's wt mes u whoar now t iueis isyo he ahird chanceo hat ppnitynuntry? yappenbe ithe inream ofiver of opportyndou gw up i a great famy with wonderful pasuprtingu, you wt to a goo scolood advicehen y weng f ca. u fnd a good fstjob, y buil aerount path to gat rtity. if youkt wt the govnment's len th si? thventacally i theackg sti wi tng li public sa importa thngs, but is in the backnd of youlife in fact ye atruto heing ot and u d that throug mtiple mechanisms ng taxes helping. i ow youay nee that wathat's the point. you're helngontribe to courches t onrofit h le you'olunteerin your t to el people. everyo in ameri

fundentallyan to help r peopland you'r onef thos people doing that. i'mudtosay iasortunate noho int mnstrea personly iwp in 90et hoattle creek. y father owned aindow eaning busesnd motr s a memaker. nev had a but i nev want fanythi. accted that and theere wonderful and i wortu enbe inhat stream ofhe river oppornity that nownnd he as governor ofhemi. w do wree otuties for theeople tteot i mainsea othisiver of portity is questi. why doeo falf theainstream or are nnit somaseshe don'tav nts or they don't have pant at me. they haveeverety thmi. yay ben a suaon where itro get tchoor to workyee transpoion it not th creating baier to cces hey m he aniless. they me a sabi. theeed governmenup and

nrofit ppor goverentoves to the forntn a h d w he the cc how havee de thiinhe untry? youack to t 19's w ilt sm tha w aut dingros and tere well-inteionele. t you lk t lt ea we'verescriptiv p we'vedded 1nd count 35 i healtcare 0 inhild t ste failing, lks. a that's t how you sve the problem ofeoee opportuty. what we' de isve sd ded peo into rams we'ovedwa fromreatg eas rea op andn fact, iom casese've ten soe o their dnityway a personnd put tmgh so my ms. theerbl w a of th programs hat hav w de? quitofte we' addressin

sym not addssg ro us. rectuay facilitatgde dependcey me t not rit. e' b aot of buaucracand inefficncy i syst and that's not rit. in faif youook at whe is soc toy? you look at people ithe instreamheiv a peleno g of erce ieang thasptable. anduld notake it. e ndostand up a 's a betr way t d things and hs its tim to stepacknd et urecturenme t ece tiver of portuny byerstanding th w talking about people no programs herere five guidprinhae need s u and sayhod be fol hp eaopportunieucce for people. the one is n, it's about peoplems thed pnt s abo ot cse nottoms.

trd it's aut maximg resu sndg m gornment prrams. fouboec it's j autgovernment th is abtmmunity. ths about frids and nghrs. we neetongag t eir communi. we ndbe tha vlage of ppgeth. ndfifth, nee toea outcomesndesultsnd ws the easurentsuccess? it' not howan ppler facitating oaiaini eir dendcysowan peophat were outsi ofhat ainstreaf oortunityhat av med into t mastamo eyan b sucssful. ts whats abou the queio you minds t that's greattalk gerno b iit able? 'sbsol weavbeenoing it in the stof mgan on pil basis fo sea now. now isheeo expa t roll it out, toringt in a bigger fhi t everye in ou st let m mtion twof tse rograms,ne ipath ways to otti.

a proeed seral yes ago wheree aede tea the gnmen ffic they were pp t we putm ial ch. weav casers in219 ols in cies in our state. th're nowhereith thesth they're top witheir amilies, sing what t veare like n s rnment office.ppla i makin a diffence therere my metnd mesuccess,ut i'l giveout one. chr bseem, one of e constraints success isow by one thi inchoo wheree veathw people veus wreno tt succs. pplau] ano cas helping the ructural uned. theeot h been suessf at getngn the work force. havihat oortunty tbe o at path of theainsm

ain. sevalears agoee is prora witholy ste dose t feder ogramse simply n gd nouh,o belexieengh. ithat program done? e've nlace ove 3000 indivialsn 100 comps a rention rate of nrly 70 t's makg a hugifncen eople' les and i can give yoillustration e nuerne rson weound r the peoplven servicinghatouldn't eier get traingr work t be successful was aack of trartio d havin the abity to hese seices toook theig pictures wven wogn th. this i t kindftide. i wo sre sto bere ventures t showow hor c be an tnkheple from scaddertme einngdeme han serces forirwork goes abouttory of amy valz. in tms o her li

in she was ae motr with tee kids. she w livg hersister. s was lki abo gting ssistance. d hepportuty to goo humanrvic she actually ended up w a j at cascade neg,n utdi compan theyctllen o of tlar thei wayor a cas worr t bn theirny tiv her supportndther people sport inilrcstce. e'realnguite f years later 16yes. whemy today? s's a t tr leader inhe compa aragad teng otho scel. shwns home aed her aut three ks. 'sus gradued colleoing well th oers arenheath to scess at's o sucss we ed to b i tms olvinprms fpeople soft uld bekay isk em to stand from ccade nginr we ha fred kr, the ompany we h jcearsh from

igan department ofuman servic a whave amy vrez fro casca einring. s ghem bshtout. [applae] nkou bng a great role mo forll o us. et's dos a acrs michi w, the nt eps where do we g withheerf pportuty? a i saet ramp esprra paway to potemunity tuut let'so ruc goveme let'step and lkt how dng thing ith pict woo - we' srt alady. o numne in skild train aooha i d a ecutive order elier o lateas yr to really putether ouralent

perations, o wk foe opat whhe ecicopme erations. at the deptmt ntnd ecomiclo s to moven ttirection in tt partf e world. theexp iss i worng ecuti oerha wil e toak t dartment y h t me humanerces and ch themnto departmt toocus hlth dan seicesith suppoing ageneso we cane netop shpi really fus peopl focn to deliver greaervis to o there. and wou appreat your suort i thosetsing efforts. other things we nedo e o to feral government. we ndaylusros n then. let'so ask wve and ask h we consoda tse proheoutc tople r peoplend lo that a tnomg ck ty comment aut communi l's goo oueach figure outowo do public-private parships to

engage allfsn helping one ather volteerg eirime and ot effts andappens in a posive, sportive way. if you stopnd think aut it wh is the riv of oortunity? thisn it's abo crtingortunsor s, tacilitatin ddenc and t missio eopleo succd, n ild gernment ogms that spend. that'the kd of attude we nd. an now,'m goi to tran right into eduonause river o oortuni ies ecaons o hug areas iantotion in particular education. first of all wed t put a songer,uchtrongeocus on wt iib a pnata ro trdgreat, p-3. f the iorn someoife, t ali t be proficienteading by third ra. ave ? 6 in 2010 7 today a a10

improvent we cane prof that, s. 7 dn' c . we'velrea done se things i knowill impro t mb suchs our ies i ely chdhoo the kidage, thatan mak a huifree i that nuer t we ot stothere. oing to a fdditional resos wheirent t dg say let iest more inhatar. 'm als aing theegislars toorh cmi a commissirom pe wi ecrsow dyou oo at best praices? aodel tha worke well i placas tesee. so let's workn thi grade rea. w, iwa t giv a sut ou ppuse] [aus >> i wt t give a s oo prtative amand rice adamnkey thaou forr efftsoelp push things alg. [appuse] i've ver sn shy retis an sators like is weee go stand u for

a goo apse. the n area i somhi o critilly important. it's heseiowee highchool an higher duon. wve b artificial bunda thatate ineffies and failu poin f ourou peop. do mn that? t of a if you thinkbo i t about ywn tuionndnk back ow gd de cee cong fouack i h scol andhen e ti colle? most timeeoplus s caus you did a he anderyew pere getti th assisnce theyve and couldeay use tms of carecounseling. need tmpve th. hat else c we ? t whe you find the skillerades ainiaree techedatio job oend career tec, bu in rn cmunity college? do yoowok o how to g trograms to gethe to dmaticallyrove at ain, not teateni the oanatio, but c paerip

anheu ok at the queson ofacrang ttinple t f d t hng reduc college cost e. tt's dlenrollmet' middlege and all o the opportits that alls in the spot of tha inteecti. wd to build a seaess stem,o the users of syon nee to f where theyar whe they f i wt sepat p ty ed t to rsus makgt sy for them get assistance unndinwherehat seliis wre tho great carr teppnities are, ho it asr ad better and less exnsely. that the ph o ccess. nd i want ge shout o to aroup tt's stag too thndhey cameogether to make thi hap and ty're wi us tonight. 's mke aerechnical mile colge. wh hhene? is aomtion of eagle ind, aompanyominogr with norther micn and inhe schoo strtsn marqute alg colge a let'sreat

middcollege. r tho won know middlecge ispportunity t get ipma a an soci deee in f years,ha trendo outce. an we've seopl wis toda tat i wt renizehat are part at iou cou wha ody, a jiorn therra frit ericn, presint o nort michhaunard for eagle mind andtu ucatio com athe stition. thanks so for your innotivewo. [alause] kind of creativity that mak micgan grea and thank you f comgm the.p. toisits ght. th thi i wan to ntn on the educaon front

is contie the wore didn't fi in t l seson and thateacher efctivess. r teacheresvehe best s t hel great achers a weulbe worknthat tms man br jo aouplf ts ild enti. fil, we'o eate regnaroerity ms. we have the ten regionscrs th state,ut a michi h come back and bnong, doi l,o ma difre there a cerin ggr a bei leftehdnd i' talking about urban and rl area tt have nee participatind wha i want askenioo do i identifylas o gatt needithiheio wre ey'reli toe resos and wilinour reso the tab and goo theommunitind h themeuccessln j creation and traininndoming back to miigan wak foced efft ther he o tng ilors the ctinuationf dlgnd discuson on ettarso and

ppreciehe por siod, but l's keep theiagetho e neal ws of scrimitionn e. [alause] tou. o peo front, we ha a oblemhat w need ess. e'veord, buotoo noug nd thaas orug usen ate. he numbers sw wbably aut0,00 ps pple with a sstance abu disoer. i yoo at i nermsf death fmrugovdose and drugisong, that numr ne ur-fold s19. lasyear we had st o roin topddre the suet tt's not go . akg aall nowoay

les help dev a mprehensivn do more to ea wit dg ase in o ste an helphese ople. [app energy and the ennment, we ed a lg- picyo ma i'moi a special sse oener the pillars a afforty, reility and vimeal otection it neen adaable policyause of th lackf del poli and the lenges of aba martplace, need to fus o iorntngs suchs iminatinengy waste andhe onversion fro coal toural gas an asset of sta of higa and renewables d othart of that is we n do btero organize elves i'malng for the creation an agey on energy at wldbine those peopl with e oepe wh peple eerts fro the medc on t w thero ce up bettepolies. on area i parcular ild meion thate sul pud we mad trendou proess solng a hug crisis the

peninsae've nounceagre thousd th could make a fal ce fhe u.p we n take sureho g comple we n sh we n o great thing on ergy our ta. [ause] ioio fast onheext two or tecse don't want to run of . i se cool stuff, agai on invaves. we'reoi gre wk a thi is yro rllteporward n invasiveecies, in o ideifying pys, earlyetection sites ince and ucionf our cizens so that'aignvesen wl beaking will mak ifference. in ter o beingffientnd e overnnt i'm ng oegislaturek onoi fisl notesit legislatures sca s buta imp and how to be morefien [aplse] 'm watching whoollaeo ake so seefho

in ves. didlegti at thdf yrn an warni stemor municipaliti. d finhhe work hooland weeed to gd and fish thaork onschools. to given upden sothing ths of interto manypeop. on the wle situaon of emercy mager sin i've been govern we' had 11 fferent citi s stri i'm pleedort six have lt emergcy managetas and we have 7th on t th system isenerally working well, the point oi ergcy mag do ea warng and thether thing'mlingors we n do a scoreard for allal jis a state jusdicti aboutin rformancan prmance i rms ofbjti that i easier f o citens to an to e. let's crehi easy to u score car thatur citizs see s wcan bee accoble annspant in ho wre orang and ches in government

an impta opptuni. one you be is osubs is in cef roitore, andew unities. we ha an uncourte educa nvonnt whe we ha ho disict,e ve t ca detroiheea we havehartschoolt' an enronmthat's reating ess ouren. they desveit. tesve to have a great situioso they have a bght ance colle, ceer and weeo more o tha and i apprecitheorkoing on whhe coalition l by t skilanuntion, t be the fir hf of the ye i he t call f giatio brie stctandore thoutful to dealh thes challgetiono say t ansrnw needs to begin by sayinge neeo isehe sd on every e stitutio etr it be publi hool charter schoolheeaa a w ed a cmon bar tha hig arreing bar mee these kid get t

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senate looks at the of -- the senate finance committee today held a the economy and the job market.t

michigan governor jongbb÷ engler and economist hall. this is twoe finance committee will come to gjy÷order. chairman hatch take good care of this gavel as i know that you will. and just i want you to know how much i enjoy working with you your long history of bipartisanship. and this morning as i hand you the gavel i want to wish you, chairman hatch, all the best. >> well thank you very much.$ké [ applause ] >> thank you so much. that comes from a very good man who knows how to use this gavel. it's been so long since i've

used one that i'm not sure i know how to do it anymore. but we're honored to be with everybody on this committee. this is a terrific committee. "pzet we're going to do some very, very important things as in huth past and i want to personally pay.f senator from oregon for the fine way he ran this committee and we'll try to hopefully follow his ex)sc and run it in a way that's fair and reasonable for everybody. and i'm69@tax grateful to you.. it's wonderful to workpqmp with you. welcome, %?mkju+já to the first hearing of the6á t)á t @r(t&háhp &hc% committee in the q&mqf"h114th congress. it isz#y& and the any economy. i believe that regardless of

party affilia)922 we can all agree that job strong vibrant economy are good j@0 things. the senate finance committee has a long tradiq[ of effect testifinessy ness effecttiveness. my role isy1< to continue the tradition, to a/3 thezk9 committee to function and produce results as it has so many times in the past. that is why we chose this topic for our first h5áong. today i hope we can have a discussion that will help us findgq consensus on these challenges. rather than highlighting our n;nw differences. i will be sorely disappointed

most important debates thatp.1ç we'll have@t# for example we have jurisdiction over our nation's tax code. there's bipartisan agreement on the need to fix our tax system to help hard-working taxpayers and allow businesses to grow compete and create more jobs. our current2fño j5detax code stands sxz/]9 us. and i believe senator widen feels the same. over the past few years i've been working to make the case for tax reform on the senate floor. i'm going to continue to do so. recently senator(!u widen andr(qjñávg i sha%pf1 o set forth the first steps for tax reform in the(!

all assigned to study di areas of tax reform and to come up with proposals that we will use to work on bipartisan tax reform and+si bipartisan tax reform legislation. we have

for our job competers to compete on the world stage, congress needs to renew tpa in short order. this is also something we need to get done. and others on this committee toya=a find a path on tpa that will provide the best opportunities for tpa to succeed. i hope thatz( we're able complete our work soon. i met with the ambassador for a considerable amount of time on these particular the obama administration is involved some of the most ambitious trade negotiations in our history. the only way to get trade agreements to reflect the high standards is through a tpa. or trade promotion authority. i'd like to ask each of the witnesses on our panel whether

they think trade is important to the economic opportunities and the development of a healthy economy and to include their statements. the finance committee's@lqg jurisdiction extends beyond, expands beyond tax and trade into other areas that impact jobs and the economy and the economic security of the american households. we have growing health care costs that put strains on employers and taxpayers.'8 and we have an entitlement crisis that threatens to swallow up our government and take our economy with it. if we don'teo5 do something about that, that's exactly what's going to happen. all of these impact jobs and the important. i hope we can havezå a robust conversation today on committee and congress can+8ç do to address she'sthese issues as well as others. i hope we can avoid having a partisan back and forth. that doesn't mean critiques of

any pol/14)should be considered out-of-bounds. nor does it mean we shouldn't have the spirit of debate. but i hope that0l questions we ask or statements we make we wille5'ñ stay focused on promoting a healthy economy for our country. i'd like to take a moment to recognize we have new members of the committee. senators hiller,nvb cotes and scott. >> sounds like a law firm. >> once again, welcome them tox the finance committee and say that i look forward to their participation in xé. hearing and others in the future. i'm also va pleased that senator warner is still on this committee. i expect him to be a very hard-working member of this committee and somebody who can bring people together. and i'm counting on that and banking on it. and i'm pleased thatíñyñ he's with us.

i have no doubtvgonñ that each of their contributions will be valuable to our efforts. finally, i want to note that at any point during the hearing that we have a quorum present i plan to move to executive session to formally organize the committee which will include routinerafd matters. with that, i'll turn the time over to my counterpart senator widen for his opening statement. >> thank you very much, chairman hatch. and on behalf of this side of the dais, i, too, want to welcome our enough colleagues, senator cotes, heller and scott. and i will say as senator ha4l appropriately mentioned how important it is to fix>:r$ñ this broken dysfunctional mess of a tax code opportunityd:jq to watch senator coates in action. just/d9ti a couple of additional

points about chairman hatch before i turn to the matter at hand. senator hatch is the second senator from utah to committee. who chaired the committee from 1923 to +jä933 and who is perhaps unfairly remembered best forvè% the tariff bill that bears his name. fortunately, chairman31ii÷ hatch has a very different view of economics thankprs senator smoot did. i'd also like to note that senator hatch is only the third senator toé p serve$%$ñ simultaneously as president pro tem and chairman of this committee. he is going to member of the senate. and he is only the second senator in the modern era to have been given the3kz heavy responsibility of chairing three major committees. senatorgpi((r previouslyr1qn chaired

the judiciary committee and the health committee and the financevsc (ááá t in my view he has saved the best for d'ç]+ and the last point i mention is that if you look at senator hatch's record fromzí(l historical standpoint he has a long focus of recognizingf&d that the3;+éáupq:ñ legislation is bipartisan legislation whe+x&you don't proceed unilaterally, but you try to find common ground, and i think that'sbr zcñ of us very well, and i do look forward, as we have in the past, chairman hatch to working closely with you. >> thank you senator. thank you senator and i don't think we have, we need a couple more(d:fñ in order to -- >>i+k)÷ if/$> i could turn briefly to the matter at hand, this is a technically important hearing because seven years afterr%j the economic clams shook our economy tot;ñ÷ the core our çn+5jju has

a ways to -& too many middle class americans pounded by decades of flat wages are still struggling to make progress.1n &háhp &hc% and i want everybody to unde2">d my bottom line for this congress. when working families see biggerqffq recovery is going to go from a walk to a run. over theá a lot of time talking with workers and businesses in my state about the challenges they face seven years after the start of a great recession.!÷ just this weekend i hall r lincoln counties, and it's pretty clear that there are a lot ofw!éç oregonians, a lot of americans, waiting for the economi#kl? them. for oregon's middle class moving the recovery from a walk to a run pretty much comes down

to what we call the five t's. technology jobs tax reform, trade done right, transportation and my guess is probably everybody senator on this committee on both sides of the aisle could come up with their own list. th/p.á no question in my mind there'd be a lot of overlap. now there are ñ a to be learn the about our history as&4cñbqy0ñ policymakers work to strengthen the foundations of the american tdwx=5e9ñ 70 years ago after winning world war ii and>âc÷ making the long slow climb out of dree pregs, our country took bold, new steps to create a thriving middle class. it expanded and connected every corner of the nation from portlandfçç oregon to port lan*zq maine. over time it reformed the tax system to better fit the modern

challenges and found opportunities in markets abroad!kgr(t&háhp &hc% for our#kñ companies to size.eize. working americans and small businesses for decades. year after year people feltilu confident that their kids would do better than they did. true economic recovery, in my view, will restore that confidence. it will mean more jobs with a strong, clear:g,dát to the middle d lass. jobs in which workers can support their families build their saéand send their kids to college. jobs that don't leave families stretching every paycheck month after month. so, in my view, there is a question for each of us to ask every vote we take in the congress. that question is how will this grow the american worker's paycheck. so, as we come together to

tackle the overall tax code, which senator chairman hatch has correctly mentioned, let's ask, how's this going to grow the paycheck. when we take on the enormous job of rebuilding our infrastructure, again, the question is how will this grow the paycheck. as we work to get more sturnts in the door to college, once more, how will this grow the( paycheck. and, as we try to ensure that our companies can be competitive]iu in a cutthroat global economy the issue is still how will this we can all be proud of the fact that the finance committee over the years has taken a starring role in so many of the important so there are 9l8me to be; opportunities for us to come together on a bipartisan basis to ensure that more ñldk$9m share in their getting bigger paychecks. i believe i can speak for the democrats on the committee in

saying that we all look forward to working, to grow the middle -3u class,b!dg lighten their economic burden and that we believe there's an opportunity to pursue this in a bipartisanb3uefashion. again,6ksjñ chairman hatch congratulations, i look forward to our first hearing. >> thank you,xqu j widen. i thank my colleague for his;#÷mq kind remarks. and i look forward to working with this committee. if we're going to solve the economic problems ofi@q7rj country, thispt play a pivot all role in that. since 2011, governor engler has served. prior to his time at brt, served for six years as the president and ceo of the national

association of manufacturers. and he was also#9u2ñ a three-term governor of the state of87 michigan. governor e:g]? lushq on thegño board ofjg@ directors for the universal forest products. he graduated from michigan state university requestptho a bachelor's degree. and later earned a law degree from lansing, michigan. we welcome you to the committee. i hope this is the first of many appearances before this committee to help us do our work and i want to thank you for being here. and i'll introduce the others as we turn to them for their statements. so pleaseklzpájut your then i'll interduts other two witnesses. >> thank7, you very much mr. chairman. congratulations on your receipt of the gavel. pleased to be here to testify on behalf of the business round

table. in 2015, business round table would like to see a stronger economy creating the question before the committee is how do we get there. this week we released v)q+ing america's full potential, more work greater investment, unliptsed 6é&aa=iqu9%qe9ñ i ask that a copy of the round table report be included with my testimony. >> itag included. >> committee also hasvpqw been provided 5vcopies. it includesixvñ expanded trade tax?+m÷ reform fiscal stability fixing our broken immigration system, infrastructure investment and a smart other approach to regulation. i want to focus on two topics,i]q6ñ trade and tax reform. business leaders believe strongly in the benefits ofrxç5 trade and trade agreements. it isñó- an opportunityís>w for the skrs and administration to demonstrate cooperation early on in swift.kç;qñ

our agenda includes two key recommendations. we recommend the enactment of !áy#ñ updated trade authority as soon as possible. we recommend the consultationdwñ with congress pursue and secure high quality and fair9-$ agreements. particularly, thepsssttrans-pacific partnership, they;]z trans-atlantic trade. trade promotion authority legislation is the critical tool for achieving high standards trade agreements that will create strong, enforceblingable rules. a 21stc[;z century nb[ oversight of u.s. trade negotiations and assures our trading partnersncrr that washington is for enacting trade agreements. +-h economy.

in 2013 business round table created a coalition of more than@l 230% businessf!)vz5oñ associations and companies all committed to communicating on trade and strongly backing tpa. to work with this committee. and i offer1fn1#,aát)j help today. on the next topic, i think everyone agrees the u.s. tax code is&q brokengú] needs@,1vi be fixed. mr. chairman, the formation of the five working groups that you referenced earlier today on the u.s. tax codeoçm represents an excellent start to the kind of bipartisan effort5 afc:y modern more globally relevant tax system a ñ reality. just []ñyesterday, jack lew reiterated the administration's desire to workoceiñ on business tax reform and we urge the administration and congress to enact tax reform this year.

tax reform should bet+f improve the competitiveness of allçls that is0i and corporations'r alike. business roundsñh. table key tax reform recommendations for corporations are two. first, set the corporate rate at a competitive 25%. i did bring a kb in the written testimony i;i7s#1+x oecd chart without amendment. but for purposes of the committee i thought i'd put a green line in asking for a 25% rate thqdbyi move from the bottom reåñ line where we are today, worst in the world, not up to the middle, but we get a lot more competitive. and that is within our reach. you'd love to be where ireland is, but progress is important. and that's where we'd be if we could get to a 25% rate. it actually shows it at rs/29.7 but8!;÷ that's with the local added

in. the modern system would end the double taxation and eliminate a(8ceìáhp &hc% policy that's resulted ineéu more than $2 trillion in earnings trapped offshore. reform will require hashed choices. in the2úá repeal of taxtw offset a revenue loss of corporate rate reduction, but the result would be a broader, flatter tax+rú code. america's business leaders have consistently maintained that tax reform will boost wages growth and investment. in 2014, rice universityfee professors analyzed then chairman camp their studies showed an increase of u.s. gdp of 3z0t2.2% afterncnd#n years and$l@bu a boost in after-tax wages of 3.8% for american workers after 10 we look forward to working with

you. this growth can help us address our fiscal challenges as yñmq as we turn to suchwv+' issues as debt and entitlement reforms. cbo says that& each one tenth percentage point sustained increase in the growth rate of gdp would reduce the deficit by full percentage point then would reduce budget deficit by about $3 trillion over a decade a nice, nice65gm:jz contribution.b3atñ mr. chairman, senator wide tt1 juáu for the opportunity to kick off the 2015 hearings ando:&ñ address the nation and those that would help us give a healthier economy and help america achieve its full potential. thank you. >> thank you governor, appreciate your excelleng5 statement. our next witness is dr. robert hall. he is from the joint hoover institution and'? añ professor of

economics at stanford university. he1(">)ç we wantr. to welcome you, dr. hall. we're very appreciative of you being here. and we thankzoczñ you for appearing before us today. so please proceed with your

opening statement. >> thank yovx mr. chairman for this opportunity to discuss the u.s. labor market, whichhsqéñ iscf1ñ÷ a specialty ofxb!ñ mine. i'll also comment on improvement in trade andg6n$ñ taxation. the labor market is now back to normal. it's not depressed, but it's not in a boom state either. it's in between. for example the unemployment rate at 5.6% is just$"nz below itsá,wewujjtiu(jtt average. the key b+ñ point is that most people r:?m,oize is that employment has not grown by its normal amounts in the expansion. sjs>$u actually is the reason that familyoa incomes have not grown satisfactorily. wages have grown but [ the problem is employment has not grown, and the combination of the two has left stagnation. just to continue, though, on this point that the with

respect to the availability of jobs, were iñ normal now, for example, short-term unemployment is at an all-time low. the time that it takes employers to findfsxñ a new employee has is at a record high, which means that it's hard to find work earns, which means for workers, it's easier to find jobs.p$ on the other hand, there aresrkv negatives in the labor markethpxñ tod!=6m long-term unemployment and involuntary mi5ipart-time employment#fec are at above normalg.mñ limits and it's gratifying to see that they are declining and will approach normal soon. employment growth is disappointing. the fraction of the population bp5pworking-age population looking for work has declined.

a trend in 2000j=cñ worsened after the crisis. the decline is not the result of demographic shifts. itkw j changes. teenagers and young adultsaccount for all of the decline. participation has remained constant for those 35 to 59nv& and has increased for those 60 and above. the decline iniq1ié&l$ participation has been larger among young people in house holds with above median income. so18m it's not restrictedn-#6÷ as sol people i believe ineh!ézlow-income families. i don't see, then that there's a place for a policy that attacks the labor market directly. and i think most people agree with that.w,azrcwbv82 uhp &hc% rather, we need policies with ?j i &háhp &hc% economy-wide favorable impacts that would bring improvements in

&háhp &hc% the labor market along with 9"rkutá áhr' the economy as a whole. the? outcomes and stimulate growth and it would close some of thc9k hcf1 o gap between the wage growth of low wage and high-wageworkers. now turning to trade policy i think i just want to leave one point. and that is that earnings should be measured in terms ofnasñ purchasing power. if we allow american consumers to pursue bargains that are available in global markets that raised incomes. that's one of the major objectives. therefore, we should welcome imports from countries that are providing products at low prices. now there's lots moredqo- say ab specialty. let he turn tom61uñ tax reform, which is an area that i have beenz55ó

active in. thej9 holyeah bushca plan is an airtight business plan. integration of the personal tax and business tax should be the top priority of tax reform. there's too much double taxation of income.d for example we have the corporate income tax and personal income taxbqñ when individuals receiveé" and capital gains, that's a mistake. it is a very consistent approach to that and i recommend that everybody. it has the right incentivessi$ for savings and investment. iti:8u doesn't have to be a flat tax. it's the right way to go. it would provide the type of

for. thank you for this opportunity to teszzx gñp>1él >> thank you very much. last, butqs,÷57%u certainly not least is dr. justin>7w wolfers. he is a professor of public policy at the gerald ford school ofyquc public policy at the university of michigan and a professor ofljsqñ5l economics. his researchx

>> thank you (zchairman hatch and ranking member widen and member the of the committee senator and my brother in orange paisley. the good news is we are very much in aniqy improving economy right0%;4 now. last year we@ jobs per month on average, which is the fastest rate of job creation since 1999. the unemployment rate now is down to 5.6%. and importantly through this falling at a pull percentage point per year.rg it's down from 10.dbww÷%age points. the economy will finally be back to normal. but i should urge, as much asl@dç that's the natural projectionzh0e

that we should got declare mission accomplished/0f we regarded a 5.6% unemployment rate as6 and it's certainly the case that we can do better. i think we(n learned through the$v mid to late 1990s that the u.s. economy can sustain a 4%m unemployment rate rather thanjm[ú a 5%nlgy unemployment rate. but i think there'suhxññ reason to be optimistic that the recovery8t m could run a lotñólfurther. i'm more concerned about the longer run of the recent business cycle.igo we still have elevated rates of unemployment we would measure unemployment in the number of weeks that people )ñwdñ out. six, 12 weeks. today we measure it in months or in many cases 6 that's a new development for us.

and it appears to me thatq@sz moving people back into the labor2 t force who have been out of work foror ñ one, maybe two years, we don't yet have the systems in place to do that. so perhaps there's a need for job search >q;x÷assistance. also, perhaps, we need to think about the social; insurance that may be necessary if long-term"cz unemployment is going to be with us for the longer term. during the recent recession mb.$ m unemployment- emergency unemployment compensation for&l0 out of work for a lkt'i period of time. it seems to me that we want to be prepared for the next time that something like this happens again. which is to say that it would be, rather than acting, you know, on the spur of the moment, it would be useful to have a program in thatgi$d triggered on longer unemployment insurance÷'"# when the next deep recession hits. i think that's part of the second, broader ñr thing i want to we've learned from this

recession is that the federal reserve can't necessarily do all it needs to do to offset a cyclical down turn. we're7i:-m at 0% interest rates now and the fed hasn't been able to be as aggressive as it needs to0 be. if when down turns hit taxes could be lower and spending could be higher, that i think would lean against the worst excesses of the business cycle. it also has the advantage that we'd actually be spending8!;÷ money at a timee when labor and interest rates arev/j0e.ñ particularly low. so what i would urge is that you any.0q(r)cumstances to tryé÷s build in triggers where we spend more and tax lessve'lñ duringafy recessions and inx, turn we tax less, we tax more and spend less during booms.7úúúwé we could imagine doing this for things like qár pell grants. we could do it for tanf ande>l %áp

all sorts of as much as the aggregates tell us theev ñ economy is doingíp>ó well we're not seeing that of the families]6njñ out there. we're seeing a shift in the my goes to7 labor. whereas historically economic growth went to the rich as much as ionú[ywç went to the poor, over the of economic growth have actually accrued toñq+9the top 10%zq9xbrá bottom 09%90% have seen no rise whatsoever. debate on capitol hill. but i think there's a separate and fash more5zkq useful debate to be had which is whatnñ/x is the right distribution of those taxes. are there groups who need greater incentives than other c.s usevu9 ú

marginal dollars a littleúa,n better. and the final point is to talk about the importance of education. one of thebvrm%y%9 education in the united states for the last century has been rising levels ofs]; education. this came out of the high school movement. but that's run its course. my generation was the to not get moretbzpg;q education than my parents. and my kids, at the moment, it looks like the next generation is not getting more education than their parents. i think the president's idea of potentially expanding either community colleges or also early childhood education are potentially ways to reverse that long # trend which could be engines for growth. letcaubawn÷,vkñ( stop there. >> thank you so much. we do now have a quorum here. i want to thank my colleagues for their attendance.iéq we wegp0 now interrupt the hearing for business. the committee is to organize for

the 114th committeengress. the committee must adopt the committee rules, authorize the budget. des igs nate senators to serve ontqy several)fb4c panels and regarding the firsttw!-áuz of business, the i8*ááá tt rules all senators should have a copy of the proposed ruledxxzç the and" before them.lr specifically, they contain a change to rule 18 regarding the posting of transcripts for allmbu1 committeõ÷meetings. the change willbv allow the committeeo!eu toe continue posting transcripts on the commit website and to ensure that we are not in violation of rule 18 when theylaqny remainli following the date of the meeting. i will now epts tape a motion regarding the rules. >> i w 4h move that the

committee adopt the rules. >> is there any debate? seeing none, if2it'ñ there's no further 90edebate without objection, the committee rules are adopted. the next order of business is to report the committee budget. all senators should have before budget. >> i would move that the committee report the committee resolution concerning the budget at this time. >> is there any debate? if there's no further debate, then, without objection the committee budget is ordered reported. the next order of business is to assign senators to sub committees of this committee. senators have before them the list of senators on each sub committee and should be aware of the #m;hassignments. i will now entertain a motion to make those assignments. >> mr. chairman, i would move to make those assignments. >> thank the ranking member. if there7qm is no further debate without objection, the committee

assigns the members to the committees listed. the next on the congressional oversight. by statute and tradition, the committee designates its most senior and eligible five senators to fill÷zqxc that's roleese roles, and that is proposed in the papers before each senator. i would now entertain a motion. >>o]quñ i would move to make those designations at this time. >>jpaa ranking member. if there is no debate, the committee now de4yjz!tes those$isz l :úo cf1 o members. we'll now return to theç %rqp)ing ñzéjté, ç participate evenlbsmore. perhaps i can start off the

questions. governor engler there is interest in tradeoffs in tax reform and to get the detailed report and in working with ranks member widen and members of this committee onsjw ñ both sides haveñheed to work in five different policy groups. what are your thoughts on how tax reform can help grow jobs and promote a healthy 239=5eññ >> mr. chairman,õ4 thank you. -:é 's end i think it's a positive step for the senate as a whole. we have looked at an array of issues, and we talk about the united states in terms of its potential. and it is the sense of the

business round table's ceo's that the most important thing that we could do for the8qma u.s.e,-tr(t&háhp &hc%é.mb5jjjáá)ju totke and 'z competitive state. and that, as i testified,zk-/ñ means+?b addressing rate,snñ addresses the international situation. we believe that tax should be comprehensive in scope. and that if this# done, it has a dramatic and direct impact, we think thayer is -- there is an opportunity fors=zh the united states to lead a gl trillion back home as part of this z contribution. but we also look at things like6yz@%' mergers and we have a deficit.ges0ómvr we'd like to see u.s. companies being acquirers not being the

acquired.>ps :6í:uj like to see the u.s. as it seeks to meet one of the president's goals of doubling exports andhjvsx.vsiñ being more competitive to do 8that. we have anbrp"energy advantage. investment.d!t]iyc @&hc% all of these are enhanced byxq a taxhc5z code that's more';é@ñ competitive, mr. chairman. both of these have the opportunity to impact wages and jobs in this country in a very positive wa s >> thank you, governor. appreciate thosem.c/ñ comments. dr. hall, we just went through aob1z÷ devastating financial crisis so called great t!+÷recession. and financial&oz deleveraging by american households. now i wonder what the effects were of all those things on labor markets in terms of how long it has taken labor markets to recover and whether there will begó i also wond government should do>666

jobnq=! creation. and before you respond let me let you knee some people such as larry=mi summers, seem to búç have somewhat of a pessimistic economic outlook, long run or what heb callsqjq4ñ secular unquote stagnation. that is a future with persistent sluggishness, near zero interest rates,#1j]év#ál lack of a monetary poll -- policy to do ?uñmuch. i'd likeozs to have your viewpoints viewpoints. >> so i was larryç teacher atx2[nm.i.t. and he and i havetbkuu been debating these issues. we've had two very interesting debates on this subject. there's a right part and there's a wrongv÷ãpart to the concept of$ stagnation. the, and]@qu i'ved released a paper on my website

if anyone wanthävs to sigh more see more about this. but stagnation is a real thing not so much as larry summers talked about but rather in the earnings thatj snq families take from the labor market have been stagnant in purchasing power2+jmç terms since about 2000. prior to that they've enjoyed substantial growth. now when youqj ñ take that apart, it falls into a number of interesting and important categories. that's also when productivity growth slowed down. thepy for restoring growth and prosperity is to get@l productivity growth up. it's a proven fact that the b1q economy. it raises the different groups. the other factors the one i:w÷ already mentioned in my previousj remarks that we've seen this

of certain types of peoplexf! especially+< if you want to know what's most wrong with the u.s. economy here's a simple "< fact. in 2000, half of all dñf&(t worked. today, only one quarter of(x7z teenagersv[yikcñ worked. the withdrawal of the labor market i think is a symptom of what's going on. i wish i could say that's because they're getting more2j[=÷ education or doing=ymother useful1v things, but that's not what the data show. instead, there's, teenagers are spending more time enjoying themselves, which is not by itself a bad thing but i think that it's important to understand those are.zyls! tworróñ big' sek(d factors. dr.5yt been

happened. thatou]ñoesn't mean that the outlook isie we could restoreé,q productivity growth,çl reform. there are certain changes, for example, in disability programs which clearly have a factor in declining participation badly ñ need reform and they're good ideas for reform. soxa as larry summers is. he made a big sflash with that. i think when you take apart the7hzi &háhp &hc% numbers carefully a lot of his'> a pessimism is not right. with respect toiisq the united states, one overwhelming fact that we ailll need to be proud of is that the performance in the u.s. economy has been so much better than other advanced economies, especially in southern europe. we need to be proud of the way the system works. and i think it's)qd=ç going to

continue to work. >> my time has expired. >> thank @ gentlemen, for@. years thislpp= committee has debated thecq of supply-side economics. often as theñ consumer sees it trickle down economics. my own view is that that kind of approach is a$zkñ particularly poor fit where two-thirds of economic activity is driven by consumer spending. i think we all understand that the affluent can only buy so what we need is more people buying homes and cars and other goods and services that make life better for them and theirxçe)wh so what you really need areewl policies, as i was touching on that are goi0w s to put more money in working family paychecks. and i think what i'd like to do ìáhp &hc% is just go down the row and have each one of you give me youryf:

sense of a policy that would do the most to increase thei.=z paychecks of american worker. we'll start with you, governor. >> thank you senator. i think that a l'#ç[mw>z gdp would be the thing that would result in manyb americans coming back into theh:qff workforce. it would raise wages for workers in the workforce, and that is that are not simply one thing, but it'sg infrastructure. it's doing many things. it's having the right trade agreement &úxqthe.ín it0#e% is investing in infrastructure. it's delivering on the 5 promise of our education investment. and i think immigration reform is part'w it. we have a vîl7p complex