our first witness is bob packwood. senator packwood was first elected to the u.s. senate in 1968, and served the people of oregon and this body for 26 years. he was chairman of the finance committee from 1985 to 1987 and presided over this committee's efforts to draft and pass the tax reform act of 1986. he made a typical difference in this, as did our other witness. he also served as chairman of the commerce committee for four years. and prior to his time in the senate, senator packwood practiced law in portland oregon, for ten years. was elected to serve for three terms in the oregon state legislature. he received a bachelor's degree in political science from william f. university -- willamette. i got to pronounce that better don't i? and a law degree from university of new york law school. we feel honored to have you here today. we know you can help us in many ways to understand some of the difficulties we're going to have to get through. and hopefully give us some advice on how to get through it. our second witness is another great human being who i greatly adm

our first witness is bob packwood. senator packwood was first elected to the u.s. senate in 1968, and served the people of oregon and this body for 26 years. he was chairman of the finance committee from 1985 to 1987 and presided over this committee's efforts to draft and pass the tax reform act of 1986. he made a typical difference in this, as did our other witness. he also served as chairman of the commerce committee for four years. and prior to his time in the senate, senator packwood practiced law in portland, oregon, for ten years. was elected to serve for three terms in the oregon state legislature. he received a bachelor's degree in political science from willamette university. i have got to pronounce that better, don't i? and a law degree from university of new york law school. we feel honored to have you here today. we know you can help us in many ways to understand some of the difficulties we're going to have to get through and hopefully give us some advice on how to get through it. our second witness is another great human being who i greatly admire and

exactly agree with what senator packwood said. there was a provision in the bill since we got to the magic number of 28 for both capital and earned income. we had a provision in the bill that said if the generate ever that said if the general rate ever went higher than 28 prsz, the capital gains rate would be 28%. in other words, you would never tax capital higher than 28s. and i remember, oh, might have been four months, after the passage of that bill people were in saying, we need a differential in capital gains. and my point was, if you take a differential in capital gains, you're going to end up with a much higher general rate. indeed, that's precisely what happened. when president clinton came in the capital gains went back in and the rates went to 39%. capital gain, you're going to end up with much higher, generate. and indeed, that's what's happened when president clinton came in. capital gains went back in and and seems to me there was a lot more co-hee rans in a bill with a lower rate that treats capital and labor the sam

our first witness is bob packwood. senator packwood was first elected to the u.s. senate in 1968, and served the people of oregon and this body for 26 years. he was chairman of the finance committee from 1985 to 1987 and presided over this committee's efforts to draft and pass the tax reform act of 1986. he made a typical difference in this, as did our other witness. he also served as chairman of the commerce committee for four years. and prior to his time in the senate, senator packwood practiced law in portland, oregon, for ten years. was elected to serve for three terms in the oregon state legislature. he received a bachelor's degree in political science from william f. university -- willamette. i got to pronounce that better don't i? and a law degree from university of new york law school. we feel honored to have you here today. we know you can help us in many ways to understand some of the difficulties we're going to have to get through. and hopefully give us some advice on how to get through it. our second witness is another great human being who i greatly ad

packwood process of presidential reform. do you think tax reform would have happened if president reagan had not made tax reform a priority in his administration and a follow on and then isn't it going to take at least that much commitment or involvement from president obama with with his own party in congress to get a tax reform bill enacted and then for senator bradley, could you share your thoughts on the importance of presidential leadership and accomplishing tax reform. senator packwood. >> senator reagan was immensely helpful. if you're asking me is is it absolutely essential from day one and pushing, i don't know. it's like saying this committee couldn't reach its own conclusion without the president, but it was very helpful and one morning, there was a small breakfast at the white house. just danny and me and the president, vice president, jim bakker. it was before, bill had passed right before conference and the president took denny and me aside at the end and said if you can keep this bill revenue neutral and get t

senator packwood, at the end of your testimony, in 1983, 1900 people who earned a million or more paid no federal tax and that fact was due to a myriad of special interest loopholes clogging the arteries of the tax code before '86. and as you noted in your testimony, the product that passed the finance committee 20-0 and would later become law raised the taxes significantly on corporations and rich individuals. they would pay more and the middle income would pay less. and we have now a situation in which the average new jersey family that makes $65,000 per year pays a higher rate -- a higher rate than the wealthiest 400 americans -- the wealthiest families that make $200,000 a year and what is your perception on the tax treatment and would you agree that the loopholes that have allowed the wealthiest to reduce the tax rate over the last 30 years. >> there is no question that the public is aware of the inequality. in 1986, it wasn't in the issue of fairness, how do these people not pay any tax at all and how do companies making profit not pay back. and that was a driving inequality. and

senator packwood, at the end of your testimonystatistic, in 1983, 1900 people who earned a million or more paid no federal tax and that fact was due to a myriad of special interest loopholes clogging the arteries of the tax code before '86. and as you noted in your testimony, the product that passed the finance committee 20-0 and would later become law raised the taxes significantly on corporations and rich individuals. they would pay more middle -- pay more and the middle income would pay less. and we have now a situation in which the average new jersey familiar that makes $65,000 per year pays a higher rate -- a higher rate than the beijingiest 400 american -- the wealthiest families that make $200,000 a year and what is your perception on the tax treatment and would you agree that the loopholes that have allowed the wealthiest to reduce the tax rate over the last 30 years. >> there is no question that the public is aware of the inequality. in 1986 it wasn't in the issue of fairness, how do these people not pay any tax at all and how do companies making profit not pay back. and that

these two guys in packwood, washington, figured it out to perfection.rth another look. 60 feet of pine through a three-foot opening. >> beautiful. thank you, god. >> reporter: then there's ryan anderson of middleton, idaho, whose property we showed you earlier. >> i want to pile up toothpicks when we're done. >> reporter: he wanted to build a new home where his old one was standing. to cut the demolition costs he figured why not just use those giant douglas firs? >> how often do you get to see a tree fall through and cut a house in half? >> we had six trees fall. there it goes. there it goes! hearing the windows break, the wood crack, seeing the branches fly, it was a ton of fun! >> reporter: back in the woods, it's time for my final exam, and i need a target. keeping with the real estate theme, we opt for this majestic mansion dollhouse. you're saying i can hit that dollhouse with this tree? >> you can. i'm not saying it's going to be easy. >> reporter: here we go. oh, no. i missed! i missed! no! no! >> take two. >> reporter: i'm giving it one more sho

the witnesses are former senators bob packwood and bill bradley. both had a role in the 1986 tax deal reached under president reagan. that will be live on c-span3 at 10:00 a.m. eastern. next a look at the proposal and the corn state transportation projects. from "washington journal," this is 50 minutes. >> today we continue our weekly look at how your money is being spent, taxpayer dollars. and this week focusing on infrastructure in this country. let me introduce you to chris edwards whose tax policy studies director at cato institute. robert pew win december, metropolitan policy senior fellow for brookings institution. robert, what grade would you give this nation's infrastructure? its bridges, its roads are what kind of condition is it in? >> there are some well-known assessments that show that this nation's infrastructure is in bad shape. just because of the age most of it is. we've built this system mostly throughout the 1950s 1960s. it just has to be maintained and rehabilitated. it's reaching the end of its useful life. we have to fix what's

the committee hears from former senate finance committee chair bill packwood and former committee member bill bradley. legislation. i've coverage at 10:00 a.m. eastern. >> according to the cdc 121 cases of measles a been reported in 14 states and the district of columbia is the start of the year. the senate health committee holds a hearing on vaccines preventable diseases and whether they should be mandatory for children. the brookings institution hosted. this is 90 minutes. >> hi, everyone. i would like to welcome you to an event china's rise and its implications for american strategy in the us defense budget. i am joined by a capable and the compost panel that has different elements of expertise in different aspects of the question. our plan for today a little bit more about the subject of harvesting was colleagues, to have a little bit of conversation. beginning by trying to think through the questions that we put on the table. the basic questions here that we are trying to get at chinese military today where they headed in the future what is the foreign-policy about and once we get t

>>reporter: their packwood but traffic as well as regular all traffic traffic that will only get worse by extending the campuses of global and other tech firms vying for development and the north bay shore region of mountain view the kind of growth we are experiencing right now is so impressive that is what a difficult issue with the best of intentions but the company to solve all the problems and with people who live there are going to be satisfied. this expansion is to have traffic in mind but also where the employees going to live nearly all of the housing in mountain view is full and that is a real problem with what housing so we're going to be setting that >>reporter: there are more expensive plant the land available someone is going to be disappointing perhaps to slow down little bit we have to do something to do with the consequences of this growth. >>james: the man who left his truck on the train tracks in southern california is out of jail this morning will tell you why the district attorney is not pressing charges us to straighten the to the facebook is rolling out to help pr

the mechanism the aberration in packwood did be enough to address the crew said they supported two-step chap but there are limits to other lending sources. it is double-edged because the question itself says why don't you go into debt? that is another principle that i subscribe to but are you considering other sources? but by and large primarily because of the grant component in other options include the state revolving fund even commercial lending but it is 100 percent loans in the interest rates are typically higher. but at its eden case that they cannot afford to borrow the money over which to spread the costs but what challenges but how does that compare but that does not compete with the funding. >> others give an elaborate but you have more help to apply in the cost to apply to have to utilize services from a consultant but adds to the costs of this typically not the case. >> we have been able to use that. would ever they allow for the attorney or an engineer he does the paper work that is specified in the loan. we have been able to take advantage of some money through rural devel

bob packwood in the bradley were part of a tax deal with president reagan, they will be at the senate its committee. they will talk about changes to the tax cut. that is live at 10:00 eastern on c-span3. on our next washington journal we will talk to jerry conley of virginia. a congressman will discuss whether to grant authority to fight isis in syria and iraq. we will talk about historically black colleges. washington journal is live each morning. let me think the council or generous support of this program. we've been going on now for four years. the news keeps getting better after a. when it didn't. we are here to talk about the people to people aspects. these are just as important in some ways than the technicalities of how many centrifuges iran is allowed to have. we want to see more interaction of the people of iran and the united states. i am a barbara slaven. i am delighted. we have a speaker today, someone who has been involved with iran for many years and he is a six term congressman. during his tenure, he was on the commerce committee. he also served on the budget committee

on c-span3, bob packwood and bill bradley part of a 1986 tax deal with president reagan, will be at the senate finance committee. they will talk about possible changes to the u.s. tax code. that is also live at 10:00 a.m. eastern. >> at monday plus news conference, angela merkel and president obama talked about the possibility of sending arms to ukraine. israeli prime minister netanyahu's scheduled visit to the u.s. here's part of the news conference. >> it is important to point out that we have been providing assistance to the ukrainian military general. that has been part of a long-standing relationship between nato and ukraine. our goal has not been for ukraine to be equipped to carry out offensive operations, but to simply defend itself. president poroshenko has been very clear that he is not interested in escalating violence. he is interested in having his country's boundaries respected by his neighbor. there is not going to be any specific point at which i say, clearly legal defense of weapons would be appropriate here. it is our ongoing analysis of what can we do to dissuade russ

on c-span three, bob packwood and bill bradley, both of whom were part of a taxi with president reagan -- tax deal with president reagan, will talk about possible changes to the u.s. tax code. that is also live at 10:00 a.m. eastern. february is black history month and the c-span bus is on the road visiting the top historically black colleges and universities to speak with their faculty and highlight their role in the american education system. tomorrow during "washington journal," we will be at fisk university and talk with its president. wednesday, we will meet with the president morehouse college. in thursday, we will speak with the president of spellman college. >> posted an event on school choice. here is part of that. >> most of k-12 education is driven by states and communities. there is a question of how much the federal government should be involved. i wonder how that comes to the school choice conversation. what role, if any, should the federal government be playing in supporting school choice or is that a state and local conversation? >> i'm someone who believes the best dec

will testify, democrat and former presidential candidate bill bradley, and oregon republican bob packwoodoth served on the finance committee while in the senate. watch that live at 10 a.m. eastern tomorrow here on c-span3. also tomorrow at 10 a.m. a hearing looking at vaccinations for preventable diseases. this is in the wake of the measles outbreak in the u.s. a number of medical professionals will testify and you can watch that on your companion network c-span. on wednesday, the house homeland security committee looks at homegrown terrorists live at 10 a.m. eastern right here on c-span3. >> tonight on "the communicators," special counsel for the fcc on chairman tom wheeler's proposal for net neutrality, including regulating the internet like utility. >> i don't know who the next fcc chairman is. the next fcc chairman may try to throw out this whole regime and do something more free market oriented or less regulatory. i don't buy the next chairman argument because you know the rules are only as good as the guy or the gal on the eighth floor enforcing them. so, we've got to do our best to

the witnesses are former senators bob packwood and bill bradley. both of whom had a role in the 1986 tax deal lfrn deals with the plan. >> keep track of the republican head congress and follow new members through its first session. new congress, best access on cspan, 2, radio and cspan.org. >> president obama met to discuss the ongoing conflict in ukraine. the white house is considering optioning ukraine backed authorities has that was asked about the tchbl offensive operations but to simply defend itself. the president has been very clear. he's not interested in escalate escalating violence he's interested in having the unt reasonable reasonable. we are not looking for russia to being to be confident. they can be a part and that's what we will continue to do. >> on our facebook page we're asking do you think the west should arm ukraine against the western backed rebels. mary says yes this is one area that will actually benefit from our help. >> carolyn writes we do no have sup sflorngds opinion sfwloorjds he wants us to owe more and more and more