year to pay 1/2 of 1% more in taxes. so for someone making $1.1 million per year, that is an extra $500. 500it would save 400,000 jobs al across the country. and not just any country, -- job, but jobs that are vital to the well-being of our kids in communities. most people that i know who made more than $1 million a year would make that contribution willingly. they are patriots. [applause] they want to see america strong. but all republicans in the senate, 100% voted no, and their leader mitch mcconnell is actually said that saving the jobs of teachers and cops and firefighters would be nothing more than a bailout.

a bailout. these are not bad actors to acted irresponsibly and recklessly to destroy the economy. they are the men and women who teach our children and protect our communities and risk their lives for us every single day. they are heroes. and they deserve our support. and it would be good for all of us. it would give the entire economy a boost. so this is the fight we are having right now. this is frankly what the next year will probably be about, the republicans in congress and the folks running for president making their agenda crystal clear. they have two basic economic priorities -- two basic proposals. tax cuts for the wealthiest individuals and the biggest corporations, paid for by cutting education investments and research and our infrastructure, all the things that helped make america an economic superpower -- weaken

programs like medicare and our basic social safety net. that is one proposal. and the sec proposal is to got just about every regulation that you can think of -- and the second proposal is to gut just about every regulation you can think of. we have already identified 500 regulatory reforms that will save billions of dollars over the next year. but we cannot do and what i will not do is to let this economic crisis be used as an excuse to wipe out the basic protections that americans have counted on for decades. i reject an argument -- [applause] i reject an argument that says we have to roll back rules that

keep our kids from being exposed to mercury, or laws that protect -- prevent the health insurance industry from exploiting people were sick. i reject the idea that somehow if we strip away collective bargaining rights, that we will somehow be better off. we should not be in the race to the bottom. where we take pride in having the cheapest labor and the most polluted air and the least protected consumer. that is not a competition we can win. what we can win is a future in which we have the highest skilled workers and the best technology and the best manufacturing and the best education system and the best infrastructure. that is the race to the future that i want to the when and i know that you want to win it. [applause]

and the worst part of it is is that it is not as if this is a new argument that they are making. they have been making for decades and we tried it for an entire decade. for entire decade we cut taxes for people who did not needed and were not asking for it. we basically suspended environmental regulations. we did not do anything with respect to them. we did not rein in health-care costs and health care industry. the financial system pretty much could go and do whatever it wanted. and the result was the first financial crisis since the great depression. so it is not as if we have not tried what they are talking about. and during that period, for middle-class families, wages and incomes actually fell. even as the economy was growing. it was not as if we have not

tried what they are selling. we have. and it did not work. more than that, their basic idea that the only thing we can do to ensure prosperity is to somehow break of government and refund everyone their money for tax cuts and led every company write their own rules until every american that they are on their own. that is not who we are. that is the essence of america. yes, we are rugged individualist and we have of entrepreneurs here, people work in silicon valley, there will take an idea and go out there and make something out of it, remarkable, changing the world. many of you have been rewarded very well for that. so we take pride in our individualism and our creativity and our self-reliance ping -- self-reliance.

it is reliance on this that makes our economy prospers. but there is always been another threat in our history that says we are all connected, that there are some things we can do better as a nation. some things we can do better together. a big chunk of the entrepreneur x in this room at an education somewhere and somewhat to pay for it. you have a college scholarship someone along the line and someone paid for. somewhere along the line you are able to use platforms and technologies that have been developed because collectively decided we would invest in basic research. their rules of the road that govern our economic system that allowed you to prosper. that too is not just a democratic idea. our very first republican president, abraham lincoln, in

the midst of a civil war invested in the homestead act and the national academy of sciences and build the trans national railroad and land grant colleges. he understood that for america to succeed, everybody had to have a shot. and to do all that, all of us had to chip in to make that investment. dwight eisenhower understood it when he built the interstate highway system and invested in all the math and science education that ended up helping us send a man to the moon. my grandfather would not have gone to college had not been for the gi bill, and there were republicans in college -- and congress has supported that along with fdr, and not only did moons of americans not it to the middle class, but we have the largest economic boom in history.

it was not just a democratic idea. it is an american idea. and that is what we are fighting for. that's what this election is all about. that is the reason i am standing here, because someone gave me a shot. someone gave me a fair shake in that required the folks before me, not just my mom and grandparents, but an entire society that was committed and invested in every child having opportunities for me -- for me to be able to stand here today. that is true for most of us. the question is, are we going to continue that story? are we going to continue on that journey? for our kids and our grandkids? that is what we are going to have to do today. if we're going to compete with other countries for good middle- class jobs, then we're going to have to make america the best place on our to do business and

yes, that means cutting away unnecessary regulations and making government more efficient and effective. yes, it means bringing down our deficit so that we can make investments where we can, but we cannot cut our way out of prosperity. if we want to win the future, we have to invest in education so that every child has the opportunity not just to graduate from high school but that some secondary education to succeed. if we want businesses to come here, we have to invest in new roads and bridges and airports and wireless infrastructure and a smart grid. we're not going to be able to succeed otherwise. anyone who has been to beijing airport lately? or driven on a high-speed rail in asia or europe? what has changed? we have lost our ambition, our imagination, and our willingness to do the things that build the

golden great bridge and the hoover dam, on least all the potential in this country. if we want industry to start here, we will have to make sure that all the research and technology that was developed for programs like darpa or over at nih, that that continues, for the next google or skype it's created. instead of buying in consuming things from other countries, we need to go back to what america has always done best, and that is building in manufacturing and selling goods around the world that are stamped with three words, "made in america." that is something that we can do. [applause] so we cannot just go back to an economy built on debt or outsourcing or risky financial in ventures that threaten the middle class. we need an economy that is built

to last and built to compete. the economy where responsibility is rewarded and hard work pays off and everybody has a chance to get ahead, and that is what we are fighting for. that is what is at stake right now. that is why i need your help. i know times are tough right now and this has been a difficult three years for a lot of americans. when you look at what is going on in washington, it is easy to become cynical about the possibilities and prospects, but here is what i want you to remember. one way to guarantee that change will not happen is for all of us just to give up. to give in. to go home. the one thing that we absolutely know for sure is that if we do not work even harder than we did in 2008, then we will have a government that tells the american people, i "you are on

your own." if you get sick, you are on your own. if you cannot afford college, you're on your own. if you do not like that some corporation is polluting your air, where the air that your child breeds, then you are on your own. that is not the america that i believe in or that you believe in. we're going to have to fight for the america that we believe in. that is what this campaign will be all about. changes heart. -- change is hard, a change takes time, but change is possible. it took us years to overcome the great depression. and when world war ii, but when we did, we emerge as the most prosperous nation on earth with the largest middle-class in history, and from the moment that we emerge from that war, then we had other struggles the fight against. took years for the civil-rights movement to colonnade, not just in brown v. board of education,

but ultimately the civil rights act in the voting rights act, and all the things that we now take for granted. it took years from the years that jfk told us that we're going to the man to actually get to the moon. but eventually, because of steady progress, we made that giant leap for mankind. even on this campaign journey that we have been on together, i notice that people now have a revisionist history. they said that that campaign was so easy and so smooth. [laughter] that is not how i remember it. it was hard. and you signed up for hard because you decided that -- to support a candidate named iraq is an obama. arack hussien obama. but you did it anyway because he

thought it would be worth it. today, even though we have a hard road to travel, we can look back at the changes we have made over the past three years with enormous pride. changes for the first bill that i signed, that our daughters need to have the same opportunities that our sons do. change is not just pulling this economy out of the possibilities of a great depression and stabilizing it, but making sure that we restored the american auto industry said that it is more profitable that it has been infected. and is making cars that are more fuel-efficient than ever before, and doubling fuel efficiency which is going to make us less dependent on foreign oil -- that is change that you produce. that is what change looks like.

changes the fact that for the first time in our history, to conserve this country that you love regardless of the person that you love. we ended don't ask, don't tell. that is change. changes the reforms that we met in the financial system so you cannot have credit card companies charging you hidden fees and lenders deceiving homeowners in the mortgages they cannot afford, wall street banks hackings predict -- acting so recklessly that taxpayers have to bail them out. changes keeping the promise that i made, that this december we will have all of our troops back home from iraq back home from the holidays. -- back home for the holidays. we are transitioning out of and pakistan. we refocus our efforts on the terrace to perpetrated 9/11 which is why we have been able

to decimate al qaeda and make sure that osama bin laden never again walks in the face of this earth. that is change. changes the thousands of families who were able to pay for college because we made tuition more affordable. changes the 0 1 million young adults who already have health insurance under the affordable care act and that 30 million more that are finally going to be able to get coverage. when that law assigned, it will mean for families all across the country that they will not be bankrupt. if someone in their family gets sick. change is possible. we have made change. and we have made it because of you. so the question is -- how committed are you going to be to continue this process? i keep a checklist in my drawer of my campaign promises.

about once a week i take it out and make a little check. [laughter] and we have got about 60% done so far. in three years. [applause] but i need another five to get the other 40% done. so that we can get comprehensive immigration reform done, and we can have a serious energy policy that finally deals with climate change any serious way, and make sure that we continue to grow our economy in a way that is productive and makes our kids' future is bright. we have more work to do. we have to reform our education system. we have more work to do to bring our deficit down in a balanced way. and i can only do it with you. you are the ones to produce change. this campaign has never just men about me. it is always about you and your

commitment to each other as they fell americans. as neighbors and co-workers and friends. who are we? what do we believe in? what do we care about? what are the better angels of our nature that we want to make sure are reflected in our politics today in and day out? that is what you signed up for back in 2007 and 2008. we did not promise you easy. but we said that together we have this vision for what we want america to look like. we met a lot of change but we have a lot more work to do. i know that i am now a little grayer. it is not as trendy to be an obama supporter as a was back in 2008. how was the new thing. the new new thing. [laughter] we have setbacks, we have had disappointments, i have made

mistakes on occasion. michele reminds me of those frequently. [laughter] the hope of posters faded and our little bakir. but that vision is still there. that the bid is still there. -- that vision is still there. that fundamental belief in the american people is still there. so if you are with me, if you are all in, if we remind ourselves that america was built because each of us decided to believe in a big generous old america, not a cramped, small america, it will remind ourselves that we are tougher than the times we are in, if we remind ourselves that we are better than the politics we have been seeing, then i am absolutely confident we will not just win this election, we will remind everybody or around the world just why it is that

america is the greatest country in the world. thank you so much, everybody. god bless you. thank you. thank you. ♪ [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] hush now, a child and don't you cry you'll understand it all by and by the you may find from time to time complication ♪

bite your lip and take the trip though there may be roads ahead and you cannot slipped you move on up to find beautiful people so hush now, child, and don't you cry you might understand that by and by move on up and keep on wishing remember your dreams and keep on pushing ♪

take nothing less than the best and you can pass the test move on up to a greater day if you put your mind to it, you can surely duet -- do it ♪ just move on up, move on up move on up, oh, child, move on

up on upn up, mouton uve ♪ ♪ ♪

[unintelligible] ♪ playing]ke you there"

♪ >> coming up, republican presidential candidate rick perry on his plan for a flat 20% income tax rate. "washington journal" is live at 7:00 a.m. cistern with the gop plan for creating jobs, possible iranian terrorist operations in the u.s., and whether members of congress are guilty of insider trading in the stock market. the house will open for general

speeches at 10:00 a.m. with legislative business beginning at noon. today's agenda includes a bill regarding the land swap in arizona between the federal government and of foreign-owned mining company. >> several live events to tell about this morning. john amos will be at the council on foreign relations discussing the core -- the cream corp. are you can see that on c-span2 at 8:30 a.m. eastern. also, at 10:00 eastern, the joint deficit reduction committee hears from douglas elmendorf, the congressional budget office director. the deadline for cutting that deficit is four weeks ago. also at 10:00 a.m., homeland security secretary janet napolitano is testifying before the homeland security committee. >> middle and high school students, it is time to get cameras rolling for the

studentcam video competition. make up a five-eight minute video on the same the constitution you. the deadline is january 20 it. you could win the grand prize of $5,000. for complete details, go to studentcam.org. >> republican presidential candidate texas governor rick perry yesterday outlined his proposals for a flat 20% income tax rate. governor perry was at a south carolina manufacturing plant manufacturing plant for a little more than a half-hour. >> it is indeed an honor to be with you today. he was a high-school classmate with one of the great conservative senators in our country, and that is jim demint. i want to thank you for allowing me to come here today. we discuss a plan that will get

america working again. today i lay before the american people my cut, balance, and grow plan. it cuts taxes and also cuts spending. it balances the budget by 2020 and it grows jobs and grows the economy. it neither reshuffles the status quo nor does it expand the ways that washington can reach into your pocketbook. it reorders the way they do business in washington by reinventing the tax code and getting our nation back to fiscal health with balanced budgets and entitlement reform. central to my plan is giving every american the option of throwing out that 3 million words of the current tax code.

and i might add, the cost of complying with all of that code, in order to pay a 20% flat tax on their income. [applause] the size of the current code is more than 72,000 pages. that is represented by this pallet right over here and the reams of paper. that is what the current tax code looks like. the best representation in my plan is this postcard. this is the size of what we are talking about right here. taxpayers would be able to fill this out and file their taxes on that. [applause] each individual taxpayer will have a choice.

you can continue to pay your taxes as well as the accountants and lawyers, under the current tax system that we've got, or you can file your taxes on the postcard, with the deductions on interest, on your mortgage, which charitable giving, your state and local taxes. deduct those and send it in. under my plan, you will no longer have to worry about taxes on social security when you retire, or your family members -- yeah. or john, paying the death tax when you are gone. think about that. he has worked hard. he is going to pass this on to his family one of these days. the idea that the federal government can take half of that is nonsense. you can also wave goodbye to the capital gains tax as well as a tax on dividends.

[applause] we will increase the standard exemption for individuals and dependence to $12,500. that means that families in the middle and on the lower end of the economic scale will have the opportunity to get ahead. taxes will be cut across all income groups in america. the net benefit will be more money in americans' pockets, with greater investment in the private economy instead of the federal government. on the corporate tax side, i am offering an equally bold reform. my plan closes those corporate loopholes. it ends the special breaks for special interests and stopped the gravy train of lobbyists and tax lawyers in washington d.c. that are there at the trough.

[applause] in exchange for a corporate free -- or i should say corporate tax free of carve-outs and exclusions, i offer a much lower rate of 20% that represents the average corporate rate among the developed nations. it will make our corporations much more competitive on the global scale. it will shut down the cottage industry of corporate tax evasion by creating a tax that is broad and fair and low. my plan also offers incentives for corporations to invest in america again, with two major reforms. first, we will transition to a territorial tax system on corporate income that is our overseas. what this means is, companies

that pay the appropriate taxes in the country where that income was earned, but are not taxed a second time when that income gets moved back to the united states. secondly, all corporate profits currently that are languishing overseas, i will offer a one time reduced rate of 5.25% for a limited period time on those repatriated dollars to bring those dollars back to the united states. the u.s. chamber of commerce said that this is one time tax reduction would bring back over a billion dollars in capital back to the united states, creating up to 2.9 million jobs, and increase the economic output in this country by $360 billion. in other words, it is the kind of economic stimulus that president obama could have

achieved if he was not so bent on passing big government schemes that have failed american workers. [applause] taxy's corporate combined rate of 39.2% is the second- highest in the developed world. it is time to overhaul our tax code so that companies can invest more in their people and in their products. tax rates have consequences. liberals myopicly ignore the realities of human nature. they think raising rates will raise revenue. what they don't understand is that large employers have choices. i might add, so do wealthy individuals. that includes moving money

offshore. when they try to take -- when the federal government tries to take too much, they end up hurting the very people they supposedly seek to help, the working class. we need tax policy that embraces the world as it is, not what some liberal ideologue wishes it to be. the goal of my cut, balance, and grow plan is to unleash job creation to address the current economic crisis, while at the same time, generating a stable source of revenue to address our record deficit and put our fiscal house in order. my plan should not be viewed in a vacuum, but in comparison to the continuation of the status quo. it provides employers and

investors certainty, which is critical in getting capital back into the economy. the president's plan provides temporary tax relief, which it does nothing to encourage long- term investment, because it doesn't provide the private sector any certainty. the way to stimulate the economy is not free temporary tax relief or government spending. it is to stimulate private spending for a permanent tax relief. the flat tax and will unleash growth, but growth is not enough. we must put a stop to this entitlement culture that risks the financial ssolvency of this country for future generations. the red flags are alarming. [applause] our children are born with

$46,000 in debt. every young child is born with a $46,000 debt to the federal government. our credit was downgraded for the first time this past august, in part because of the lack of seriousness about deficit reduction. according to the white house office of management and budget, by the end of the year, our debt will exceed the size of america's economy for the first time in 65 years. we are on the road to ruin, paved by stake serfdom. freeing our children from financial disaster requires the courage to reform the entitlements. my plan establishes firm principles and to preserve

medicare and social security for today's beneficiaries while saving it for tomorrow's generations. i am putting forward by -- five principles to save social security for the long term. first, we will protect existing benefits for current retirees, and we will work with congress on the exact age where those nearing retirement are grandfathered out of the changes to the program. secondly, we will end the current pillaging of the social security trust fund by washington politicians. [applause] here is the hard fact. the trust fund is full of iou's. without a single dime of money left over from what workers have

paid in. the politicians have borrowed against it for years, and in order to redeem those iou's, they will have to either raise your taxes or cut spending on other programs to replenish it. those are the only two choices. here is the other hard truth. if we don't act, in 25 years, benefits will be slashed by 23% overnight. protecting social security begins by protecting the solvency of the fund and stopping all of the current borrowing from the fund, just as we have done with the highway trust fund. the third principle of reform is to allow young workers to invest a portion of their payroll taxes into private accounts if they so choose. [applause]

i am not naive. i have an idea that this idea will be attacked, but a couple of facts are worth stating. one, the return on investment in social security is so small, it is kind of like having an interest-bearing savings account at the bank. over the long term, the markets generate a much higher yield. secondly, opposition to this simple measure is based on a simple supposition. that is that the people are not smart enough to look out for themselves. i don't believe that. liberals think the american people cannot be trusted to safeguard even a portion of their retirement dollars. i happen to think is the time to end the nanny state and empower our people to exercise greater control over their money.

[applause] the fourth principle is to return to the pre-1983 law and allow state and local governments to newly opt out of social security and instead, allow their employees to pay solely into state or locally run programs. this has been done around the country. i might add, with very good results. we ought to allow it again. lastly, we should raise the retirement age for those younger workers on a graduated basis to reflect the longer life span of today's americans. i am going to work with congress to determine the right formula, beginning at the right age, but this is just common sense. it can help save social security for future generations.

we will also reform medicare, to save it for future generations of americans as well. we will do this by working with congress on several options, including giving patients greater flexibility in choosing the plan that best fits their unique needs three things like bundle premium support of payments for the individual, or as a credit against purchase of health insurance, for instance. second, we should look at gradually raising the age of medicare eligibility. early, we should consider adjusting medicare benefits to be paid on a sliding scale, based on the income of the recipient. lastly, we must tackle the $100 billion annual waste and fraud

and save this vital program for americans who live longer. my plan also restructure unmedicated, returning control over that program and the dollars needed to administer it to the states. one-size-fits-all health care does not work for people on private plans in the form of obamacare, and it sure doesn't work with public land such as medicaid. washington has broken it. they have shown no will to fix it, either. we must give the states the flexibility to fix medicaid, to control those costs. these reforms are essential to balancing the budget. my plan balances the budget and as fast as any serious plan that is being offered out there. in the year 2020, with reforms

to entitlements, greater economic growth, and with cuts to discretionary spending, and i don't take the tack of the current president, with his arbitrary cuts to defense spending. the question we must ask is not what we can afford to spend on national defense, but what does it cost to keep america secure? [applause] at the same time, we are going to reform the way that we spend money in washington so that we can balance the budget in eight years. but to truly protect taxpayers, we need the extra protection of a balanced budget amendment to the united states constitution. [applause]

i will also reduce the spending in the department of education, the department of energy, the epa, and a whole host of other agencies, returning greater control to the states. [applause] my plan also reduces non- defense discretionary spending by $100 billion in year one, and it builds on those savings in the years to come. i will also institute several principal reforms to the budgetary process, which is contained in my cut, belts, and growth plan on my website. you can go there and read it, and it is not the length of the novel "war and peace." it is a very simple, bold approach. included in my budget reforms are elimination of baseline

budgeting that assumes that the previous expenditures are sacrosanct. an end to non-emergency spending and emergency bills. who would have thought of that? a permanent stop to the bridge to nowhere projects through the elimination of earmarks. [applause] a couple of these budgetary reforms with an overhaul of the regulatory process. when federal agencies like the nlrb are dictating to companies when they can create jobs and when they cannot, they have overstepped their boundaries and undermined our free-market system. [applause] on my first day in office, i will freeze all pending federal regulations and immediately

begin a review of all regulations put in place since january 2008. today, the federal register contains 165,000 pages. the index alone is 1100 pages, and somehow, despite not having any of these new regulations for over the first 219 years of this country's history, america not only survived, it thrived. the federal nanny state's heavy handed regulations are keeping our economy in the ditch. it is time to review and scrap those regulations that are harming jobs and killing growth. lastly, one of the greatest impediment to investment -- john, you and i were talking about this before came in, is

the dodd-frank rating -- banking regulations, and i will lead the charge to eliminate them. [applause] dodd-frank is killing small banks. it is freezing assets to credit, just when small businesses need them most. it enshrines bailouts and the notion of too big to fail in federal law. benefits wall street while the it is killing main street. it is wrong, it is unfair, and it has got to go. [applause] my plan does not trim around the edges and it does not bowed down to the established interests. but it is a kind of bold reform that is needed to jolt the economy out of the doldrums, to renew american prosperity. those who oppose it are going to wrap themselves in the cloak of status quo.

america is under a crushing burden of debt, and the president simply offers larger deficits and the politics of class warfare. others simply offer these microwave plans with warmed over reforms based on current ingredients. americans are not searching for a reshuffling of the status quo which simply empowers the entrenched interests. this is a change election. i offer a plan that changes the way that washington does business. the great issue facing this nation is whether we have the courage to confront the spending and the vision to get our economy growing again. we need a tax code that unleashes growth instead of preventing it, that promotes fairness, not class warfare, that sparks investment in

america instead of overseas interest. it is time to create incentives for american companies to invest in american workers. [applause] it is time to end these corporate loopholes, end the special tax breaks for special interest, end the gravy train for lobbyists and tax lawyers. it is time to pass a tax that is flat and fair and that frees our employers and our people to invest and grow and prosper. we will set our employers and our people freed by slashing the cost of government, cutting taxes for the middle class families, balancing our budget and growing our economy. the future of america is too important to be left to the washington politicians. [applause] to get america working again,

we have to cut taxes and spending, balance the federal budget, and grow our economy and jobs. my plan unleashes american ingenuity for a new american century, restores the hopes and dreams of our people, and renews our great promise, and it entrusts the fate of this nation in the hands of our people, setting them free. let's be the land of the free again. god bless you, and thank you all for coming out and being with us today. [applause] ♪

♪ >> ♪ made in america that operates on the fourth of july every day is an independence day teaches school, some folks say

that it is a cool -- is not cool but the red white and blue flying high on a farm will find nothing that he can fix americat made in raised up a family get their red white and blue flying high on the farm will find nothing he can fix americat made in

made in america ♪ a mountain man made in america ♪ ♪ [country music playing]

>> ♪ when you hear the steel guitar it's the sound of the american b ar play and music on a saturday night brings a smile to your face and tears to your eye the only place that i feel at home a good man working till the daylights gone they still no wrong from right ♪

sing a song about the heartland the only place at look forward home about a good man working till the day lights on where they still know wrong from right senator about the heartland -- sing a song about the heartland sing a song about my life ♪

♪ [country music playing] from the southern tip of texas to that tip of maine wall street, new york, west l.a., all kinds of different people but they're all the same where all americans in god we trust never giving up inat we believe where all-american and we work real hard

candidates, see what political reporters are saying, and track the latest campaign contributions with c-span's website for campaign 2012. easy to use, it helps you navigate the political landscape with twitter feeds and facebook updates from the campaigns. candidate bios and the latest polling data, plus links to c- span media partners in the early primary and caucus states, all at -- c-span.org/campaign2012. >> several live events to to about this morning. general john amos will be at the council on foreign relations discussing the marine corps and national security. if you can see that on c-span2 at 8:30 a.m. eastern. also at 10:00 a.m. eastern, the joint deficit-reduction committee will hear from douglas elmendorf. the committee's deadline for

cutting the deficit is the end of next month. also at 10:00 a.m. eastern on c- span3, homeland security secretary janet napolitano. she is testifying before the house judiciary committee on u.s. immigration policy and enforcement. in a few moments, today's headlines on "washington journal." house will be in session for general speeches at 10:00 a.m. eastern with legislative business at noon. today's agenda includes all land swap between the federal government and of foreign-owned mining company in arizona. in 45 minutes, we will hear about the gop plan for creating jobs from tom price, the chairman of the republican policy committee. a 830 eastern, henry cuellar, a member of the homeland security committee, will discuss today's hearing on possible iranian terrorist operations in the u.s. megan mcardle joins us to talk about her article about whether