chair smith: mr. gomez the only person the republicans are beholden to our the people that sent them to washington and elon musk is not a constituent. rep. gomez: ok. call me skeptical but what i saw in december was dastardly. if you guys are wanting to negotiate a real bipartisan test cut let's do it and get something that helps lower costs for american people. i yield back. chair smith: mr. miller. rep. miller: i'm glad mr. gomez used his five minutes for a twitter clip. thank you to our witnesses for their time and testimony. i'm honored to be joined ways and means committee to drive forward an economic agenda that ensures the united states remains the global economic leader. today we are here to discuss the need to make the trump tax cuts for working families permanent, ensuring prosperity for families and businesses across the nation. the tax cuts and jobs act championed by president trump was a transformative bill that provided much-needed relief to businesses and spurred investment across the c

chair smith: mr. schneider. rep. schneider: i want to thank you for having this hearing and i thank all of the witnesses for sharing your perspective today. ms. silver, i want to commend you. i looked at your website and so what you do as a company and your investment in young people and bringing people into manufacturing is so important. also impressed, third generation family business. i worked with family businesses, and getting from the first generation to the second generation is hard. a quarter of all businesses make it to that point but less than 10% make the third generation. it is really difficult. there is a lot of reasons for that. obviously, ms. gallagher, i might turn to you. you advised a lot of businesses. i'm guessing a lot of them are family businesses. what do you tell your clients as they approach a point where they are starting to take on too much debt? what is the cost to a family business of having too much of a debt ridden? ms. gallagher: there are a lot of different aspects of a family's finan

chair smith: mr. kelly. rep. kelly: thank you all for being here and taking a day out of your lives to talk to people who have never really been in the private sector. i'm a second-generation, my son is running the store, my father started it in 1933 with nothing but a show room six service bays and work their tails off to make it profitable. i love people who have to make payroll. we were doing tcja to begin with and chairman brady was talking about it. i said actually there are two times in my life where i paid absolutely no tax. how did you get away with that? i said we lost money that year. isn't it bizarre that we talked about where would the revenue come from? we take a certain percentage other people's profits. with the exception that you can lose money and still be held responsible for real estate taxes come every other tax that every other american pays every single day. we come here today and talk about the benefits of tcja, was it really true? yes, it was because be garnered more revenue th

smith of new jersey, co-chair. the speaker pro tempore: the chair announces the speaker's appointment, pursuant to 22 u.s.c. 276-l and the order of the house of january 3, 2025, of the following member on the part of the house to the british-american interparliamentary group. the clerk: mr. latta of ohio, chair. the speaker pro tempore: the chair announces the speaker's appointment, pursuant to 10-u.s.c. 9455-a, clause 10 of rule i and the order of the house of january 3, 2025, of the following members on the part of the house to the board of visitors to the united states air force academy. the clerk: mr. pfluger of texas. mr. crank of colorado. the speaker pro tempore: the chair announces the speaker's appointment, pursuant to 14 u.s.c. 1903-b and the order of house of january 3, 2025, of the following members on the part of the house to the board of visitors to the united states coast guard academy. the clerk: mrs. mcclain of michigan. mr. rutherford of florida. the speaker pro tempore: the chair announces the sp

then house ways and means chair jason smith but first one big beautiful bill, the subject of the riff. a big moment today, perhap two. first certainly, congress certified president-elect trump's eel open victory,ta. mr. trump create could a working class coalition, hispanic-americans could black americans, asian-americans, muslim mu-americans, young people, union members women. that could well change face of american politics for at least a generation, mr. trump turned the g.o.p. into the party of working folks, he will promote america first policies be they lower taxes, reciprocal fair trade tariffs, border closing, unleashing energy, minimizing red tape business regulations and he brought in the doge brothers, elon musk and vivek ramaswamy. who will weaken the over extended power of the unelected federal bureaucracy. as well as chopping down the tom tomorrow -- federal budget, and america first overseas to restore american authority, respect with peace through strength, and a clear focus on direct american interest. again, all of this to help the middle class reignite apply collar b

we've got the house ways and means committee chair jason smith on what's happening between us, tariffs and also these bills. can we get one big, beautiful bill? and i will give you my take on unleashing prosperity from main street, not the oligarchs. forget the media hype, it's time for you to get rich. very special guest don peebles on that. all that and so much more on "making money." ♪ ♪ charles: all right, so here's the thing, we've got a huge session today, but it began last week, right? we had a really big week. in fact, you can see this big move here, the best move that we had sense last november. we had that lull, then we bumped into the year. but really it came in bigtime last week. i like to go beneath the surface. we've talked about the internals, essentially, you know, how each individual stock is doing. market breadth was an absolute unmitigated disaster, right? more and more stocks were falling behind last year. so far it's done extraordinarily well. the last six sessions coming into today, a record, right? more than 68% of all the names advancing. advancers over decliner

in a moment we'll hear from senator ted cruz and then house ways and means chair jason smith but first up, one big beautiful bill. that's the subject of the rif. so a big moment in history today. perhaps two big moments. first, certainly, congress certified president-elect donald trump's decisive election victory. he carried the popular vote and all of the swing states. mr. trump created a working class coalition, hispanic-americans, black-americans, asian-americans, muslim-americans, young people, union members, women, it's a coalition that may well change the face of the american politics for at least a generation as mr. trump has turned the gop into the party of working folks, and he will promote america-first policies, if they lower taxes, reciprocal fair trade tariffs, border closing, unleashing energy, minimizing red tape, business regulations, and he brought in the doge brothers, elon musk and vivek ramaswamy. but will weaken the over-extended power of the unelected federal bureaucracy as well as chopping down the federal budget, and america-first extends overseas to restore ame

federal powers over campaign finance laws, there was a legal gag order plus the judge did not allow chair smithyou note, this is a case that dates back to 2006. it was a misdemeanor, books and records case. those 34 counts are each of the legal, excuse me, the bookkeeping entries for payments out the door for stormy daniels or whatever, but it was so jerry rigged and put together with masking tape and staples and glue to boost up a misdemeanor case and to felonies that weren't really there. so for him to keep going with this before the inauguration, it seems like he's trying to embarrass president trump. >> well he is, and the problem here is if this really is going to have to go to the united states supreme court, what a shame that it will require a smackdown like that. i predict that even within the state of new york, this case is going to be dismissed. it best, at best the judge could have ordered retrial and then suspended that determination in light of the fact that the president was inaugurated, but the statute itself has been misused. everything you outline here, if he were in a criminal

today that is setting up a huge battle on capitol hill for the new year, house, ways and means chair jason smith is trying tech is try doing to explain impact that lets them lax would mean on everyday americans, a 22% increase. that would compound the pain of inflation, particularly for lower income americans. getting those tax cuts, tented is high up on house speaker mike johnson legislative list if high winds reelection. >> we're going to restore our stature on world stage, get our energy policy picked, make sure we don't have largest tax cut in u.s. history imposed on american people at end of next year, when the tax cuts from trump era expires. >> elon musk weighing in to tax debate. arguing that u.s. tax code is way too long, and democrats are arguing that new trump tax cuts will help people like him, senate president pro temp pattie murray writing on x . they argue that tax cuts if fif they are extended would add to national debt, but tax revenue up 45 percent this month compared to november of 2017. that bolsters their argument into this fight. david: extra 1.5 trillion coming in. and you

that is what speaker johnson wants, that is what ways and means chair jason smith wants, but i see resis san resistance in senate, i am not sure i understand. >> i am with you, we need one, but the house makes the decision. they have to get it done before us. if -- go and look at history, ronald reagan did it, they drug their feet, and they had two bills they at any time get both done, same with president trump back in 2016. they are worried about healthcare, paul ryan drug his fight. i am for one, let's get it done. larry: senator tuberville, you are person after my heart. have a clear thinking senator, really remarkable. so happy to hear you take that position. now sinc senator sheehy, if you disagree it is okay, it is kudlow we believe in free speech, but i prefer you to talk about one big beautiful bill, we don't want to let middle class blue collar boom get away. once you promise, you have to keep them, mr. trump understands that i think it is not a hard thing to do, you are extends tax cuts put money on border, what do you think senator sheehy? >> i agree 100%, we have a mandate. a

sven smith, chair at mckinsey global institute.ore we let you go, here are the four things to get you up to speed ahead of the open on wall street. on the economic front, we'll get new home sales data and the dallas fed manufacturing survey as well. in terms of earnings, we'll get numbers from at&t today with big tech set to dominate the headlines later this week. central bank policy decisions are another key topic for the week ahead, with the fed starting its two day policy meeting tomorrow. and on the corporate front, the wall street journal is reporting activist investor and core holdings in. ted intends to rally shareholders around the plan to oust u.s. steel's chief executive. and the final look on us futures. this on a very important day for markets we are seeing today. it's likely to be a negative start to the trading day on wall street. let me show you one of the reasons why we have magnificent seven under pressure. after investors are focused on this. these developments from deep sea. that is it for today's show. i'm silvi

that's what speaker johnson wants, that that's what may -- ways and means chair jason smith wants. not sure i understand the resistance. can you help me out? >> i'm all with you, larry. i think we need one. but, again, we've got to go with the house first. they're the ones that's going to make the decision the on this. they've got to get it done before us. go back and look at history. ronald reagan the did this know now. they drug their feet. i think you might even been working for ronald reagan at that time, and they had two bills, and they didn't get both of hem done. same thing with president trump back in 2016. they worried about health care, paul ryan drug his feet, and they didn't get the tax bill to really save congress in the two-year election. i'm all for one, let's get it done. larry: senator tuberville, you are a person after my heart. you're such a clear-thinking senator, it's really remarkable. really. [laughter] so happy to hear you take that position, now, senate sheehy, if you disagree, it's okay. this is the "kudlow" show, we believe in free speech, but i prefer yo

chair crapo: next is senator smith. sen. smith: thank you very much, mr. chair and ranking member, great to be part of this committee, i appreciate it very much, and welcome, mr. bessent, it's nice to see you again. i want to follow up a bit on the conversation that we had yesterday, and just get into a little more detail and some of the issues that senator sanders is raising. i'm focused on how we can lower costs for americans and how we can make the economy work better for regular people in this country. when we spoke yesterday, we talked generally about this. you have said you think our biggest challenge is to get after the deficit, and you have also said your first priority is to extend the republican trump tax cuts, which would add $4.6 trillion to the federal deficit. you have set the trump republican tax cuts have generated economic growth and those benefits are going to have trickle -- going to trickle down to everyone else. but what i see is these republican tax cuts have delivered massive consolidation of wealth at the top. almost half of those be

in the opinion of the chair, the ayes have it. mr. smith: mr. speaker. the speaker pro tempore: for what purpose does the gentleman from missouri seek recognition? mr. smith: could we get the yeas and nays? the speaker pro tempore: the yeas and nays are now requested. all those in favor of taking this vote by the yeas and nays will rise and remain standing until counted. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this question will be postponed. pursuant to clause 12-a of rule 1, the chair declares the house in recess subject to the call of the chair. >> we had president biden one year. but i want at this time that this country, to deal with the reality of where we are and how we go forward, in 1972, as hakeem jeffries referred to this morning, our chair of the congressional black caucussia vest clark -- caucus, yvette clarke, i started at 17 years old for shirley chisholm and people thought she was out of place and i remember going with her as she ran for president. in 1984 i

in the opinion of the chair, the ayes have it. mr. smith: mr. speaker. the speaker pro tempore: for what purpose does the gentleman from missouri seek recognition? mr. smith: could we get the yeas and nays? the speaker pro tempore: the yeas and nays are now requested. all those in favor of taking this vote by the yeas and nays will rise and remain standing until counted. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this question will be postponed. pursuant to clause 12-a of rule 1, the chair declares the house in recess subject to the call of the chair.

house ways and means chair jason smith has pushed for the one-bill strategy warning that splitting theolicy measures could risk not passing an extension of the 2017 tax cuts that are set to expire at the year-end. >>> apple ceo tim cook planning to donate $1 million to president-elect trump's inaugural committee. axios reporting that the donation will come from cook personally it's not going to come from the company. other donors to the fund include amazon, meta, uber and observe ai's ceo sam altman. a whole bunch of tech companies now in some ways almost competing with each other for the donation -- >> i guess you stand out if you have not made the donation at this point. >> i mean, at this point you would. exactly. i don't know. this i find a little bit more troubling only because these companies never were doing this prior. >> i was going to say the companies that have done it before it makes sense. i think bank of america did it, but they've done this with every presidential inauguration fund that comes through. if you are looking at it and just doing it as a course of business --

the chair recognizes the gentleman from connecticut, mr. larson. mr. larson: thank you, speaker smith. that kind of has a nice ring to it, you know? i rise today to address critical issue for all of america. social security. mr. speaker, as you know, there are more than 70 million social security recipients in the united states of america. what most americans don't realize is that it's been more than 50 years since congress last enhanced social security. richard nixon was president of the united states the last time congress voted to enhance benefits. now, some will say, well, wait a minute, didn't we just recently vote on social security in terms of making sure that teachers and firefighters and municipal employees and police officers would be able to get social security insurance? and the answer is yes, we did. except it wasn't paid for. which means that when we say it hasn't been enhanced, in fact, what that did is cut the social security trust fund. so, mr. speaker, i rise today to say that it's long overdue that we have a vote on social security. that doesn't seem to ask too much

smith. >> mr. chair. thank you. >> thank you, mr. >> chair and ranking member. >> and welcome. >> mr. kennedy. >> so, mr. >> kennedy. >> i don't. >> have a. >> question for. >> you on abortion. >> i think that my colleagues on both. sides of the. >> aisle have covered. >> this, but i want to. >> say i can respect people who have different views. >> than mine on this issue. but it's hard for me to respect people who won't give. >> a straight answer to what. >> they think on this. >> issue in particular. mr. chair. >> i just want to. >> note that i. >> understand that anti-choice. >> advocates have. >> said that in these hearings, they were looking to hear mr. kennedy. provide some reassurance that he is on their side. and i'm not hearing that. and i think most americans are looking for some. >> hint that. the decisions. >> that people make about abortion should be personal and private, and they should be free to make those decisions without government interference. and i'm not hearing. that either. to make it worse, the answers that you have given tell me that the trump administration

the most salient driver of this move a plog post by brad smith, vice chair and president of microsoft how bright the tech future is and the company is investing $80 billion on a.i. data centers this year. that sent anything related to a.i. roaring. nvidia, the beaten heart of the data center that looked like it was having a coronary just a week ago. yes. here i am. this is called the pockets. with that in mind, the game plan next week, on friday we get the non-farm payroll report. the market has been roiled by a fractious ten-year bond that won't come down. numbers lower wage growth and disappointing hiring. that could bring down the yield in the ten-year and make people feel like the fed will be back on schedule to start cutting rates again. we got to get them back into that groove, you know? on the other hand, if hiring and wages remain hot, well, then anything good that happens next week could be repealed. the lab report is that important. other than autos, housing and materials i fear the economy may be too hot to give us what we need to pushes slower. what parts of the economy ar

smith: thank you, mr. chair. mr. kennedy, you said you want to give infectious disease a break for a a few years for my question for you, the avian flu, it has spread to dairy cows, and there are now 67 confirmed human cases and one death. mr. kennedy, do you intend to give research on bird flu a break? mr. kennedy: i intend to develop appropriate resources for the pandemic. that is part of my job. sen. smith: what you think is causing avian influenza? mr. kennedy: the h1n1 virus. sen. smith: that's good to hear. i will submit this was a record because we don't have time, mr. kennedy has questioned the causes of germs causing -- the basis of germs causing diseases. i will submit that for the record. chair crapo: senator warnock, one minute. sen. warnock: i like the way you said that to a baptist preacher. it's my understanding you support work requirements and medicaid. in 2020, president trump approved a proposal from georgia state leaders to jump through a number of owners, bureaucratic hoops and fill out even more

smith? >> mr. chair, thank you. >> thank you. mr. chair and ranking member, welcome, mr. kennedy, so mr. kennedy, i don't have a question for you on abortion. i think that my colleagues on both skies of the aisle have covered this but i want to say i can respect people with different views than mine on this issue but it's hard for me to respect people who won't give a straight answer to what they think on this issue in particular. mr. chair, i just want to note that i understand anti-choice advocates have said in these hearings they were looking to hear mr. kennedy provide some reassurance that he's on their side and i'm not hearing that. and i think most americans are looking for some hint that the decisions that people make about abortion should be personal and private and they should be free to make those decisions without government interference and i'm not hearing that either. to make it worse, the answers that you have given tell me that the trump administration is more than willing to restrict or even ban medication abortion, without a single act of congress and even in states whe

host: this is adrian smith joining us, republican from nebraska. he is the chair of the trade subcommittee. if you want to ask questions about trade and tariffs and other related issues, (202) 748-8000 free democrats, (202) 748-8001 for republicans, (202) 748-8002 for independents. if you want to text us (202) 748-8003. when it comes to an agenda for your subcommittee and for the ways and means, what is on the agenda going forward in these first days? guest: we are looking at pressures on our supply chains. our supply chains for domestic manufacturers, accessing various products and they face barriers. sometimes those are tariffs as well. sorting through all of that the general system of preferences that will say a tariff relief effort. another important program expires later this year and we want to make sure we stay on top of that. let's modernize these approaches as we can. that engagement, sending a message to the world. we have the review of usmca coming up next year. let's prepare for that. we just won a big case against mexico that i think flagrantly violat

smith. >> mr. chair. thank you. >> thank you, mr.

theyli were limiting the information that got to him, canceling meetings early on,s th adam smith who was the chairrvices committee says, hey,, i could not even get a hold of him was of gamma stand, got an angry call, anli apologetic call fromnk joe body. is that it was the only time yor heard from him during the entire presidency. what was n the next between theu national security feelingsit and the mental acuity? i don't know if he will have th answers but i asked tom cottondo shortly be preserving documents in the white house and he said it would not be a bad idea on d mental acuitony because it is a lot we don't know, i think it is a massive scandal. >> jesse: i cannot wait to get my eyes on these documents are have my staff do it.. up next, the ices terroristup guarding the location where he slaughtered 14 people in new orleans.ans. joe biden thinks white supremacy is the biggest threat. ♪ ♪ ♪ ♪ >> harold: president biden and first ladygr jill biden on the ground in new orleans will be meeting with the families of the 14 victims of last week's terror attack, as you learn shocking new details a

continue our conversation about the congress with congressman adam smith, armed services committee ranking member. then tom cole should chair of the house appropriations committee and later emily brook, house reporter for the hill. washington journal. join the conversation 7:00 eastern friday morning on c-span, c-span now, or c-span.org. american history tv saturdays on c-span 2 exploring the people and events that tell the american story. this saturday, the lafayette address to congress in 1824. then we tour the sites in alexandria, virginia the marquis visited during the 1824 return to america. lead up to inauguration day, american history tv looks at famous inaugural speech is. this weekend, speeches by john kennedy, lyndon johnson, and richard nixon. at 9:30 p.m. eastern on the presidency, the book mr. churchill in the white house, the author shares churchill was more than a houseguest during his visits to the white house during the presidency of fdr and white eisenhower. he draws on letters, diaries, government documents and memoirs to tell the story of winston churchill and the president's. exploring the american stor

coming up wednesday morning, nebraska republican adrian smith, chair of the house ways and means subcommitteetrade, he discusses the new congress and future trump administration trade and tariff policies. then, peter montgomery from the progressive group people for the american way on pam bondi's confirmation hearing to be attorney general. c-span's "washington journal." join in the conversation live at 7:00 eastern wednesday morning. on c-span. c-span now, or online at c-span.org. >> witness democracy unfiltered with c-span. experience history as it unfolds with c-span's live coverage this month as republicans take control of both chambers of congress and a new chapter begins with a swearing in of the 47th president of the united states on monday, january 20. tune in for our live all-day coverage of the presidential inauguration as donald trump takes the oath of office becoming president of the united states. stay with c-span this month. for comprehensive live, unfiltered coverage of the 119th congress and the presidential inauguration. c-span. democracy unfiltered. >> attention middle and h

adam smith who is the chair of the house of the armed services committee said i couldn't even get a holdstan. i tried to call. i got an angry call for tony blinken and an apologetic call from biden. he said it was the only time he heard from him during the entire presidency. what was the nexus between national security failures and mental acuity? i don't know that we will ever know the answer. i asked tom cotton, should a per serving documents the white house? he said it would not be a bad idea. there's a lot we don't know. i hope we get to the bottom of it. >> i can't wait to feast my eyes on those documents or have my staff do it for me. it's going to be great. up next, chilling new footage of the isis terrorist scouting the location where he slaughtered 14 people in new orleans. joe biden thinks white supremacy is the biggest threat. differeny from the other guys. we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. here's to getting better with age. here's to beating these two every thursday. help fuel t

smith. >> thank you mr. chair and ranking member and great to be back on the committee and welcome mr. turner. yesterday you and i had an opportunity to talk about some the issues i want to raise again with you here today particularly in what we can do to lower costs and lower housing costs for americans and i wonder if they could just talk a bit about what you see and what are your top one or two things you are going to get after when you get the hud to help lower costs of housing for americans? >> thank you senator smith and it's good to see you again. .. >> that is something that will help developers and builders across our country to bring the affordability down and building houses of those things will have immediately impacts look forward to convert committee working towards. >> twenty appreciate that mr. turney and i am looking for some detail and specifics about how you would get out after this now you want to accomplish this printed think the complicated agency i'm interested in hearing what your vision and your plan is so this drive-in on something specific that i know many my

our colleague, senator wyden, reached a deal with house chair jason smith on a bipartisan tax packageted children out of poverty, the child tax credit, that would have incentivized investment into research and development, good for companies who then innovate, and that's good for jobs, and also the third piece of this tax bill that was bipartisan would have expanded our ability to build affordable housing. it was fully paid for. this bill got 357 votes in the house. we can't get that for a mother's day resolution in the house of representatives. but then it died here in the senate because republicans didn't want to take the bill up, because they wanted to wait to do a bill that would benefit the weltiest. i urge -- the wealthiest. i urge my colleagues, you made a mistake in 2017 that busted the deficit and made the american voters mad. don't go down that path again. work with us to find a tax bill to appropriately prioritize the needs of everyday american citizens and small businesses. with that, mr. president, i yield the floor. mr. booker: senator kaine, will you yield for a questio

the chair of the house ways and means committee, jason smith.for trump's big agenda? >> the best and quickest approach for us to deliver on donald trump's priorities and what the 77 million americans who sent him to washington asked for is one big beautiful bill like what donald trump has said. this is the way it needs to have tax cuts, energy, border, it needs to have savings by cutting mandatory spending. these are the things we have to have in this bill. let's pass it, get the job done and put it on the president's desk. . you've got a razor you got a razor thin majority in the house. do republicans have the discipline to stay united and pass one big beautiful bill? >> failure is not an option. that's why i discourage two reconciliation bills. if you look at the history, since 1997 was the last time any congress, republican or democrat was able to pass two reconciliation bills into law and we now have the smallest majority in the history of our nation, the united states senate has a higher margin, majority than we do in the house of represent

chair green: you listen to testimony, we have uas's over new jersey. we heard from mr. smith in new jersey they were flying over coast guard vessels last night. how is this possible? what do we need to do and what actions need to be taken? dr. schwennesen: that is difficult to answer. i have a suspicion that people are frozen with fear of what would happen in an administrative situation. they took action and were punished for doing so. they shot down a drone, god forbid, and the debris hit someone's house and now all of a sudden they are on front page. people are acting out of a sense of self-restraint, which is being promoted by our policy environment. rep. pfluger: when it comes to technology, we need to focus on our offensive technology, lessons and ukrainian conflict where they are leveraging uas systems. we need to focus on counter uas technology to counter it and give authorities that we need while protecting the privacy of citizens here? dr. schwennesen: i would say so. absolutely. mr. baumgartner, what is the most catastrophic event the energy industry article infrast

[cheers and applause] congressman smith has served as co-chair of the congressional pro life caucus forfour decades, tirelessly working on behalf of unborn children and their mothers. please help me in welcoming to the stage congressman chris smith. mr. smith: thank you so much. thank you and the march for life committee. what an amazing march, you're doing it with such, just power and all of you here today thank you so much. i met my dear wife, marie, 52 years ago in the pro-life movement. so to you young people, it can become a dating service. and we've been working the pro-life issue ever since. from that perspective, both marie and i had never been more hope-filled than who are today. thank you, all of you, for being here. today's march for life in our opinion is an engraved invitation to each and every one of us to seriously recommit and rededicate ourselves to the defense of the weakest and the most vulnerable. to recommit with love and compassion, even for our opponents. who don't wish us well to tangibly assist women, especially through the extraordinary work of pregnancy care c

. >> reporter: colby smith with the new york times. chair interpret the removal of the line from the statement that inflation the has made progress towards the 2% goal? is that no longer the case? >> no. so let me -- if you just look at the first paragraph, we did a little bit of language clean-up there. we took out a reference to since earlier in the year as it related to the labor market, and we just chose the shorten that sentence. again, i mean, if you look at the sort of intervening data, it was good. and there was another inflation reading, i guess, just before the december meeting. so we got two good readings in a row. again, we're not going to overinterpret two good or two bad meetings, but this was not meant to take a signal. you can take away from all of in that we remain committed to achieving our 2 inflation goal sustainably. >> reporter: to follow up, we've seen inflation expectations across a number of measures rise sharply which has in part been linked to tariff concern, but there's also been this encouraging data that you men

last congress, the chair of the house ways and means committee, jason smith, worked with me. and together we got. 357 votes. every republican on the house ways and means committee to support significant expansion of the child credit. yeah now i think donald trump is talking about a tax bill that's going to supercharge the breaks for the very wealthy that he already gave him in 2017. and i'm going to say are you going to have absolutely nothing in there for kids and working families? because reality is there's been a lot of evidence that shows dollar for dollar those programs for kids and expanding the child tax credit is a huge the figures show that when it was done, there actually a reduction in child poverty and if you accept the proposition i do which is political change is rarely top but bottoms up and trump tried to claim in the campaign that he was going to be for working families but it took about ten days after election for him to start walking that back when he said, oh, we can't reduce food prices. i said that at home. do you think some of the tax proposals he about

chair crapo: thank you. next is senator smith. sen. smith: thank you very much from mr. chair, ranking member. great to be a part of this committee. i appreciate it very much. welcome, mr. bessent. nice to see you again. i want to follow up a bit on the conversation that we had yesterday, just get into a little more detail, and some of the issues that senator sanders is raising. i am focused on how we can lower cost for americans and how we can make this economy work better for regular people in this country. when we spoke yesterday, we talked generally about this. you said that you think our biggest challenge is to get after the deficit and you said your first priority is to extend the republican trump tax cuts which would add four point $6 trillion to the federal deficit. you have also set the trump republican tax cuts have generated economic growth and that those benefits are going to trickle down to everyone else. but what i see is that these republican tax cuts have delivered massive consolidation of wealth at the top. almost half of those benefits went to the top 5%

host: this is adrian smith joining us, republican from nebraska. he is the chair of the trade subcommittee. if you want to ask questions about trade and tariffs and other related issues, (202) 748-8000 free democrats, (202) 748-8001 for republicans, (202) 748-8002 for independents. if you want to text us (202) 748-8003. >> we'll leave our recorded program here, you can finish watching it on c-span.org. we take you now to the state department for a briefing. this is live coverage. >> there have been times where we have been close to getting a ceasefire. and events have led to a delay in negotiations. sometimes even events we don't object. to for example, after the killing of sinwar, something the united states very much supported, that delayed negotiations for weeks, well over a month, because hamas was not in any position to make decisions. they department have a governing structure set up, they didn't have a way to decide ceasefire proposals. we've had other incidents where at virus times the parties, you know, pushed new proposals on the table. so there have bee

senator smith, and we are way over time. >> thank you, mr. chair. so, mr. kennedy, you have said that you want to give infectious diseases a break for about eight years. you spoke about this with senator cantwell. my question to you has to do with avian flu. over 100 million birds called the disease has spread to dairy cows, and there are now 67 confirmed human cases and one death. so, mr. kennedy, do you intend to give research on bird flu a break? >> no. i intend to devote the appropriate resources to preventing pandemics. that's a central part of my job. >> what do you think is causing the avian influenza? >> i think the h5n1 virus is. >> so that's good to hear, because in a recent book, i will submit this for the record, because we don't have that much time. mr. kennedy has questioned the scientific basis for germs causing disease and the power of vaccines and antibiotics. >> i've never questioned that, senator. >> well, i will submit that for the record. >> thank you, senator warnock. one minute. >> i like the way you said that to the baptist preacher.