>> now hearing on the president's 2022 budget request from the library of congress, the congressional budget office, and the government accountability office. this hearing is about an hour. >> good afternoon. i would like to welcome everyone to the second of our fiscal year 2022 budget hearings. i am joined by my ranking member, senator braun and senator heinrich. we are delighted to look at witnesses. we have the library of congress, dr. carla hayden, and a director of the congressional budget office. thank you for joining us here today to testify. the roles the all play are critical important to making sure congress can serve the american people well. your agencies help congress in our basic responsibility on behalf of our constituents. let me think the women and men of your agencies. the past year has been difficult from the pandemic to the genuine six attack -- january 6 attack. unanticipated enhancements, ppe, cleaning and security courses. because the senate and the house continue to meet, the heavy workloads of crs and the cbo have met congressional requests to inform legislative responding

cut a real revenue increase a real deficit reduction using the independent numbers of the congressional budget office. out that the congressional budget office was normally more conservative in what was going to happen in closer to right than previous presidents have done. and i did this i did this so that we could argue about priorities with the same set of numbers. i did this so that no one could say i was estimating my way out of this difficult. i did this because if we can agree together on the most prudent revenues, we're likely to get if the recovery stays and we do right things economically then it'll turn out better for the american people than we say. in the last 12 years because there were differences over the revenue estimates you and i know that both parties were given greater elbow room for irresponsibility. this is tightening the rain on the democrats as well as the republicans. let's at least argue about the same set of numbers. so the american people think we're shooting straight with them. as i said earlier. my recommendation makes more than 150 difficult reductions to cut the federa

tom: will the congressional budget office score or analyze this bill? what will be their timeline? ars, 15 years, or 30 years? jared: typically the congressional budget office uses a 10 year budget window, so that would be their timeline. this is about an eight your spending plan, but the tax increases just continue on forever, so by year 15, the revenue raised pace for the plan. jonathan: it is always good to catch up, and we appreciate your ongoing contributions to this program. thank you for the transparency. jared bernstein, white house counsel of economic advisors. we look ahead to mid april. where are the rest of the tax hikes? the proposal no doubt will come in the next couple of weeks. tom: tax hikes in america are a good way to become unemployed as a politician. there's a change between the corporate analysis and the individual analysis. jonathan: $400,000, that is the redline. you get a real sense of that. tom: i wonder how that migrates. lisa: that's what he was saying, basically he is willing to listen if anyone comes with a proposal for how to pay for this . they can't

edward: coming up next of former congressional budget officer whether the infrastructure plan can be bipartisan in the top democrat showing support for a small proposal from republicans, you are watching "the evening edit". ♪ they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that. - hi, i'm steve. - i'm lea. and we live in north pole, alaska. - i'm a retired art teacher. i enjoy drawing, painting. every morning we do our exercises before we get into our routine. - as you get older, things just don't work as well as they used to. we saw a commercial for prevagen and we wondered if that might be a good solution. i noticed clarity. my memory was better. you really ought to try it. prevagen. healthier brain. better life. use a single hr software? nope. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? wit

when the congressional budget office looked at this, they found that government investment produced about half of the economic returns as private sector investment. so that creates sort of two problems here. if you're taxing the private sector in order to pay for government investment, not only are you getting less of a return, but you're also harming the economy doing that. what the congressional budget office recommended was cutting other spending which i know maya and i could join hands in support of. and that's where you get the bigger economic returns. if you cut wasteful spending to pay for infrastructure, you get a better economy. ashley: all right rt we'll have to leave it there. scott and maya, thank you for joining us. our all-star tax panel participation. thank you both. >>> gm firing its first shot across the bow as it enters the ev battlefield. our floor show traders are here to talk about the supercharged sector and the stocks packing the most juice for your portfolio. as we head to the brach, let's take a look at the big bore. we have been up across the board. the dow right

edward: coming up next a former congressional budget office director douglas holtz-eakin whether therastructure could be bipartisan after a top democrat showing support for a smaller proposal from republicans. you're watching "the evening edit". uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. s without frequent heartburn waking her up. now, that dream... . ...is her reality. nexium 24hr stops acid before it starts, for all-day, all-night protection. can you imagine 24 hours without heartburn? keeping your oysters business growing for all-day, allhas you swamped.n. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo these are the people who work on the front lines. they need a network that's built right. that's why we created verizon frontline. the advanced network and technology for first responders. built on america's most reliable network. built for real interoperabil

efforts to raise the federal minimum wage recently failed in congress according to the congressional budget office, increasing it to $15 an hour by 2025 would benefit up to 27 million workers and lift nearly 1 million out of poverty but on the flip side, an estimated 1.4 million workers would lose their jobs. for the casino paying workers more is a gamble that's worth it >> you keep the best team members it makes economic sense for the business if you do well, you must do what you can for those who have enabled you to do well >> reporter: jo ling kent, nbc news >>> up next for us here tonight, an explosion of scams involving those covid vaccine record cards we'll tell you what you need to know about all this >>> a volcano eruption has forced thousands to evacuate in the caribbean island of st. vincent. the blast sending a plume of ash into the sky four miles high. cruise ships have been sent to help the evacuation that's the first eruption there since 1979 >>> the music world has lost a grammy-nominated star. rapper dmx has died, days after a heart attack dmx, whose real name is earl simmons, had

efforts to raise the federal minimum wage recently failed in congress according to the congressional budget office, increasing it to $15 an hour by 2025 would benefit up to 27 million workers and lift nearly 1 million out of poverty but on the flip side, an estimated 1.4 million workers would lose their jobs. for the casino paying workers more is a gamble that's worth it >> you keep the best team members it makes economic sense for the business if you do well, you must do what you can for those who have enabled you to do well >> reporter: jo ling kent, nbc news >>> up next for us here tonight, an explosion of scams involving those covid vaccine record cards we'll tell you what you need to know about all this wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income amer

and in fact, the congressional budget office has also shown that if you deficit finance your infrastructure spending, it ends up probably creating negative growth because of the damage of the debt. so, that's why it's helpful to pay for it in smart ways, as well. >> let me ask you one final question. we have used, in the past several years, federal reserve monetary stimulus and government spending to pull us out of two recent crises-- the housing crisis of 2008 and now covid. if we had another financial crisis or another pandemic occurred, would the federal reserve and the government's balance sheets be enough to handle a crisis of the same magnitude? secretary reich? >> well, what we know from the great recession and the response to the great recession and what we can infer from the early responses to the pandemic is that we have the capacity in terms of fiscal and monetary policy to do what's needed to get out from under these crises. if anything, we failed in the great recession-- starting in , 2009-- to do enough. i think that history will judge that we probably have done enough with re

than a decade longer to pay off the loan and accrue way more interest and according to the congressional budget office an income driven repayment plan is one of the reasons the federal student loan debt from $187000000000.00 in 1905 to over $1.00 trillion dollars today biden is passing the buck to the department of justice to look into if it's legal to cancel student debt through executive action but if he actually had the stones to just say he would cancel the debt who forget the fact he said i wasn't black if i had trouble deciding between him and trump and his dogs champ and major can guy who ever they want. all i ask is for a running head start literally and figuratively. kind of hoping they won't buy one of their own. reporting from outside a defunct for profit school this is natalie miguel redacted tonight and now let's get to some of the stories that we didn't have time to get to but now we're getting to them i've got anders only here a anderson here i'm doing well kohut you got well in another country brazil there has been a ruling of the supreme court there that led to silva the judge in his

the congressional budget office estimated that without the american rescue plan the economy would probably take until 2024 to get back to full employment. but i am hopeful if the vaccination program proceeds as it has been and is a successful, we can get back to full implement next year. we had before the pandemic and unemployment rate of 3.5%. the problem has always been inflation is too low. if the package did prove to be inflationary we have the tools to address it. i see the risk as asymmetric. i worry more about long-term adverse consequences from not doing enough then problems that would result from doing too much. i believe we have the fiscal space to act boldly. i think it is important in mitigating the suffering of the pandemic and the long-term adverse consequences to u.s. potential output if we failed to do so. it is important to learn lessons from the 2008 financial crisis. we had a slow recovery after that crisis and it took almost a decade to get the economy fully back on track. it is important we not repeat that experience. i think that we are doing the right thing and longe

indeed, i think the congressional budget office thinks the debt will grow to over 100%, thinks the debt from your earlier argument, you must think this is dangerous? let me say what my early argument was, it wasn't that things suddenly change when your debt at very high. it is more like a cholesterol level, when it goes from 199 to 201, it doesn't mean you have a heart attack the next day, it means you're more mountable and the reason why you have more vulnerable when you have more debt is that because if you have more debt, you cannot react so aggressively but you have to try. we are in a wartime situation. and over the last 12 years since i wrote a paper on this with carmen reinhart, interest rates have collapsed, simply collapsed, so the government, at least in the united states, some advanced economies have, borrowing room that was not expected. that is the same reason stock markets are so crazy high. no—one expected interest rates to be so low. unfortunately, there are many countries in the world, most of the countries in the world, do not have this luxury. they are paying much hig

the congressional budget office estimated that without the american rescue plan, the economy would probablyuntil 2024 to get back to full employment. i am hopeful that if the vaccination program proceeds as it has been that we can get back to full employment next year. we had, before the pandemic, an unemployment rate of 3.5%. the problem, for a very long time, has been inflation that is too low. if the package did prove to be inflationary, we have the tools to address it. i see the risk as asymmetric, that i worry more about long-term adverse consequences from not doing enough than problems that would result from doing too much. i believe we have the fiscal space to act boldly. i think it is important in mitigating the suffering of the pandemic and the long-term adverse consequences to u.s. potential output if we failed to do so. it is important for us to learn the lessons from 2008 financial and economic crisis. we had a very slow recovery after that crisis. it took us almost a decade to get the economy fully back on track. it is important that we not repeat that experience. i think we ar

time, the initial impact on gdp and other measures could be negative former head of the congressional budget officeecedented increase in government influence on the economy. at least for the short-term impact on measures of economic growth will be negative. but over a ten-year period, the analyst i talked to at the pen wharton budget model say the spending will raise the level of wages by 0.2%, and reducing capital spending overall by 0.1% a 2016 study from the congressional budget office estimates you get a 5% return on productive government investment, but there's already considerable pushback from republicans about whether these investments outlined by the biden administration qualify, carl, as productive. >> this is the key debate listening to you and joe talk about it earlier this morning, steve. something we'll wrestle with for a while. that's our steve liesman this morning. steve, thanks. >>> i got a growing number of corporate executives taking a stand against various voting rights bits of legislation around the country after a number of prominent black business executives, penned a letter

>> actually thought the congressional budget office and in-depth report and analysis of the returns infrastructurespending on f data that investments return, have to return the have to return of investments. >> so she mentioned how she feels as if the investment that may come through with being called the infrastructure package or something such as that may help your business grow. but what i am hearing is that if that's an economically viable project and if you do the same thing through the private sector, he would have more bang for your buck, less friction you may have more investment fort investment not just there was someplace else, is that the logical conclusion from thisha study? >> that's exactly right. what they do not take into account is the home to the economic of taxing the dollars in the first place to pay for the investment, to the economy, one is opportunity cost of lower investment for government and the other is too economic harm to the taxes raised to pay for. >> i do find government tend to take care of itself and she's in the building for the teachers have been teaching remote

only did they bring jobs back to the united states, but the tax revenue -- this is the congressional budget office report from fiscal year 2019. tax receipts, total tax receipts were up by 4% in 2019. >> martha: after the trump tax cuts. >> rates came down. so much more economic activity that the revenue received by the government increased. if you want to increase revenue, lowering the rates is the way to do it. the converse of that, raising rates is one way the government might lose money. >> martha: can stifle economic activity and make businesses make other decisions. less hiring, less expansion. thanks, david. we can count on you. good to see you today. take care: ahead this hour, house republicans are on the certain border and about to speak about what they're seeing. we'll take you there live. we'll also take a look at this. this child's heart breaking plea, which says it all. [inaudible] here's exciting news for veteran homeowners who need cash. refiplus from newday usa. with mortgage rates low and home values high refiplus can help you lower your rate plus turn your home equity into an av

party changed and would rather talk about the border than the budget, cancellations than congressional budget officeres. what happened to that gop? the short answer, of course, is donald trump. joining me now to talk about this shift if priorities where the gop is right now, my colleague and nbc news political editor carrie dan. i do think one of the undercovered stories in american politics is sort of the republican party -- we talk about whose party is it? is it donald trump's party? here is what it's not. it's not the washington republicans. they couldn't be farther removed, it appears, from where the rank and file is. >> that's right, chuck. over the past few weeks, myself and a lot of my colleagues have been watching these debates playing out around the country. one of the sort of prevailing themes you hear from democrats in the state legislatures that are controlled by republicans is exactly what you were saying. what exactly is the problem that we are trying to solve here with this legislation? two places that that has been the case is with the issue of trans kids in sports and the issue of v

according to the congressional budget office, the u.s. government made 375 billion dollars in interest payments on its debt. while there is much talk of defense spending being the main driver, -- u.s. defense spending is close to his post-1960 low. the main drivers of the national debt are mandatory spending programs such as health care and social security, which combines -- of fiscal year 2019. these programs were already -- are already facing insolvency and covid-19 has hastened the trend. what are the roadblocks to congress taking prudent steps to take control over the national debt? >> senator, paul is in the starting blocks, but why don't you preempt him? >> i would say is the first thing you need to do when you look at the trajectory, you need to get health care costs under control. you could say these are mandated spending program so we ratchet back, bottom line these are people, especially in medicare, that have earned health insurance and we have to look at how we are going to lower the cost of delivering that product. health car

congress, the comptroller of the government accountability office, and the director of the congressional budget office regarding the fiscal year 2022 budget request. until then, the committee stands adjourned. announcer: c-span is your unfiltered view of government. ♪

congress, the comptroller of the government accountability office, and the director of the congressional budget office regarding the fiscal year 2022 budget request. until then, the committee stands adjourned. this oral argument runs in our. -- in our. chief justice roberts: we will hear argument next in case 20-315, sanchez versus mayorkas. >> chief justice, and may it please the court, tps recipients satisfy the admission requirement for adjustment to lawful permanent resident status. that is because sectio54

congress, the comptroller of the government accountability office, and the director of the congressional budget office regarding the fiscal year 2022 budget request. until then, the committee stands adjourned. >> cliff bentz washington journal. every day we take your calls, we discussed policy issues that impact you. coming up thursday morning, matt rosendale discusses biden's policies and the freedom caucus agenda. emanuel cleaver talks about housing as part of the $2.2 trillion infrastructure bill. watching c-span's washington journal live at 7:00 eastern thursday morning, and be sure to join the discussion with your phone calls, facebook comments, texts and tweets. >> here is look at our live coverage. thursday on c-span, the house capriles and to consider a bill that would make washington, d.c. the 51st state. the senate is back on c-span2 at 10:00 a.m. for work on legislation to address the rise in hate crimes against asian americans and pacific islanders. at 10:00 a.m. on c-span3, has overnight subcommittee looks at the fossil fuel industry, and its impact on climate change with environmental ac

the congressional budget office has said, despite the fact we're creating more jobs right now, by 2024economically speaking, that's full employment. that means you don't have enough people to do the work that's available. we have this weird narrative in america that immigration is bad and it takes wages down, but it actually doesn't. we need more immigrants. that's the problem that we've got. we've wrecked our reputation immigration wise over the last four years and we'll need to turn that around, because the key to becoming a more productive society over time is to have enough population. we're not giving birth to enough people, so we'll need those people as immigrants. >> so it begs the question then about the role of the government in this. what does the government need to do in order to make this happen? >> well, in fact, this is one of those things that government does better than anyone else. company these the people, but government has to decide on how to do it. there's something called the citizenship act of 2021, and it proposes a few things, including equalizing the waiting t

>> now hearing on the president's 2022 budget request from the library of congress, the congressional budget office, and the government accountability office. this hearing is about an hour.

broke that the senate democrats are now toying with the idea of firing the director of the congressional budget office. for what? the unpardonable sin of doing his job. if you don't like the score, fire the scorekeeper. if you don't like the standard, wipe it off the books. if you don't like the institution, just burn it to the ground. it's a familiar curriculum now reflected in the democrats' latest effort to demolish and rebuild the country in their own radical image. they call it for the people act. but the basic premise of s. 1 is that in order to secure our elections, we have no choice but to take electoral power away from the people and put it in the hands of politicians and bureaucrats. it's a top-down approach that if implemented would centralize control over elections in direct contravention to the constitution. destroy barriers to voter fraud and enable radical activists to harass and intimidate their political opponents. it's the sort of power grab you'd expect a cartoon villain to conduct, but here we are debating this in the u.s. senate. when you dive into the specifics, it really gets wo

getting back to our pre-pandemic employment levels will take two years to get there the congressional budget office that's better than full employment,s a good place to be, a place to cause wages to go up a little bit but is manageable what we don't have is enough immigrants to replace that there are things under way and the biden administration is taking a different approach than has been done by the trump administration to both increase le legal immigration and look at asylum seekers that's going to have to be met because once we're back to full employment by the beginning of 2024 we'll have a bit of a labor shortage. >> so what is the position at the moment that the government will need to alter, as it were, to make that happen? >> well, they got to do a few things they're proposing is as part of the citizen act 2021, one is make visa wait times equal r8 regardless where you come from be more encouraging to have people apply for legal immigration to the united states second thing, really important, locality, states and locality is a way to have federal government and immigration policy effect th

let's go to the former congressional budget office director action president.eaker now with a book out seems that it's unlikely this is even going to come to pass but again, the president along party lines did get his covid relief bill through. do you think as things stand now it's tougher to sell infrastructure? >> i think it is going to be tougher to sell this bill. the previous bill was essentially the heros about from the previous congress that the democrats had worked on for quite sometime. they were familiar with it, they already voted on it was straightforward to get democrats together to vote it across on a party line vote. this is a very different animal. it's "infrastructure" and that means that different things to every member of congress and they want their thing in there, and they want to make sure their constituents get taken care of and there's no real coalescing around a single bill. there's a lot of constituencies. i'm happy with the president's proposal and they want to change the salt cap on taxes or change the way the money gets spent in med

just call the folks over at the congressional budget office and ask them, how are some ways we can save money in our federal budget? and i just think we would all feel so much better. i know the american taxpayer would feel so much better. if just for a little while as we talk about the importance of infrastructure, true infrastructure, roads, bridges, and broadband, if we just spent a little while as we talk about infrastructure, how to pay for it without putting our hand deeper in the taxpayer's pocket. i watched -- i've seen too many public officials do it and i think we need to at least try. with that, mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the senator is in a quorum call. without objection. a senator: thank you. the presiding officer: the senator from delaware. mr. carper: i rise to speak in support of senate resolution 14, which we will vote on later today. i want to thank senator heinrich, senator markey and senator king. i understand when you were governor of colorado, you might h

a fact borne out from multiple studies, including from the nonpartisan congressional budget office that shows that it is workers who bear most of the burden of higher taxes in the form of lower wages and lost jobs. it's not the corporations. it's the workers. as i said before, there is a clear need for us to reinvest in american infrastructure. i think we can all agree on that. republicans and democrats alike want to do it, and right now in the key committee of jurisdiction, by the way, the senate environmental and public works committee, bipartisan negotiations are ongoing. this is the same committee that had a unanimous vote last congress on the transportation legislation. they're talking right now about how to put together a bipartisan package. that's the right way to do it. go through regular order, allow democrats and republicans alike to offer their ideas. there is also a group of republicans and democrats outside of the committee who have met and are looking for a more sensible way forward. among that group, there are others as well. the partisan approach by the biden administrat

last week, the congressional office, budget office, estimated it would cost $828 million to implement this legislation if enacted. and that would be without the right to free counsel. we need to ensure that these costs aren't even higher. the democrats have stated that h.r. 73 will not require the american people to pay for attorneys access during this administrative stop. again, madam speaker, this is an administrative procedure. if nor any reason somebody is charged with a crime they do get access to counsel, this is for those 17 million people who will go through secretary and -- secondly ry and likely be allowed to move forward. however you need to look no further in this act than the comprehensive immigration reform bill of the u.s. citizens act for evidence the democrats want us to pay for counsel to foreign nations. this bill specifically removes the current prohibition on government paid counsel yet in the markup, mymy colleagues insisted that this had no right to counsel. if you want more evidence than this, the american people deserve an assurance in this bill. we will ask t

why does the congressional budget office estimate 5% of relief funding would be spent this year, while 95% of funding would be paid out after the pandemic, if the goal is to reopen schools now? why did descendant block an amendment that would have made funding conditional upon reopening schools in person if all teachers were vaccinated? why has florida been able to fully reopen in schools, while california has kept its door shut? it might be because the school reopening debate has been more about politics and the power than safety and families. the past year has put a spotlight on the main problem with k-12 education in the u.s. the only way we will fix that is to empower families by funding students directly. if a grocery store does not reopen, families can take their money elsewhere. if a school does not reopen, families should be able to take education dollars elsewhere. it is meant for educating children, not protecting institutions. families have been getting a bad deal, and they realize there is no reason when we can fund students themselves. a survey found that support for fundi

and yet l in the short term, the congressional budget office is predicting that the size of the nationalhat it could drive up inflation? haste and not worry about that, that it could drive up inflation?- could drive up inflation? we are certainly worried _ could drive up inflation? we are certainly worried about - could drive up inflation? we are certainly worried about and - could drive up inflation? we are - certainly worried about and watching these _ certainly worried about and watching these issues. we've inherited as many— these issues. we've inherited as many countries have this enormous crisis _ many countries have this enormous crisis because of the pandemic, and we all— crisis because of the pandemic, and we all know— crisis because of the pandemic, and we all know that until we get our hands _ we all know that until we get our hands around the pandemic, until be deal with— hands around the pandemic, until be deal with that crisis which is costing _ deal with that crisis which is costing government resources, congress — costing government resources, congress will be able to get

that is the ceo congressional budget office. your point if you tax investments, you get less investment and fewer businesses, fewer jobs and lower wages, it is a double and triple tax, business income tax goes up, it is doubled on taxes from 10.5% to 21. second capital gains taxes are going to double so that is a second tax and third, we are not sure but the estate tax may go up, that would be another tax burden. we are killing the geese that laid the golden egg. if you want this economy to grow and recover post pandemic, why would you take $4 trillion out of the economy and give it to a bunch of social planners who will expand the great society to the third of fourth power without a single work incentives. the total opposite of what we need to do. >> the economy is going to recover to a certain degree on its own and because we sidelined it because of the pandemic and people get the wrong impression that it was the biden proposal the data when the biden proposals cause inflation and slow it down which we saw eight years prior to

the congressional budget office which, of course, is nonpartisan said back in february before the $1.9bill was passed, said that the economy will be back to the pre-pandemic level by the middle of this year absent no government aid. we don't need this kind of spending and this is just the beginning. keep in mind, this is a 2 trillion-dollar plan. he mentioned that in a few weeks he will introduce another 2 trillion-dollar plan that he's calling the american families plan. so where is the spending going oh end? maria: well, the american families plan will include american families paying up for -- for the price of this. they are going to be taxed, so right now we are looking at a corporate tax increase and an additional tax increase on companies for foreign, et cetera. we haven't gotten to individual tax increases yet. that's going to come at the end of april. people should understand this is part 1 of 2 tax increases that are coming which may very slow down the economy although we are looking at strong expectations for 2021 all the way up to 9% gdp. >> maria, it's interesting what will

a 2016 study from the congressional budget office estimates a 5% return on productive government investmentbout how much of the spending in this bill, with this expanded definition of infrastructure, will end up being productive joe? >> yeah, exactly what was that phrase, productive -- oh, let's not go there. >> yeah. >> all right thank you, steve. >> no, i think that's the debate, joe, i think we should go there. >> i wasn't going to go there in terms of calling an oxymoron there are things the government is obviously very necessary for, obviously. but there -- you know, over the years and years and years of just watching things happen, there are things that it's not great at and where -- that's the argument of our time, steve, of what is more efficient with capital, the private sector where you need to, you know, watch your p's and q's to earn a profit versus where no one's really minding the store. and it's just, you know, $5,000 toilet seats and, you know, all this stuff we've seen in the past. >> right i would just argue, you know, you can say 115 for roads and bridges, but you can --

look, we are in the midst of this coronavirus pandemic, forget about the fact that the congressional budget officee names. we go after people from biden and harris and pelosi and schumer and fauci and whitmer and newsom and the whole -- they take this same playbook and when i was in congress it became as clear as day. they take a crisis. they spin it up. they sell it to the media. the traditional media plays along with it. think about the obama-biden stimulus. $787 billion. less than 10% went to roads, bridges and highways. $1.9 trillion stimulus, guess what? less than 10% goes to actually fight the coronavirus. now they have another stimulus bill. oh, it's going to be about infrastructure, less than 10%. do you see the pattern here? they do it on guns, they do it on religion. we have a whole chapter about how they are going to steal elections. rigging elections for a generation. they have been planning this stuff for years and that's what we illuminate in the book. steve: so the book, you can pick it up in your store, tomorrow can you preorder it right now. they never let a crisis go waste. plus

the congressional budget office may have a different view of this. that's kind of a way for republicans to say, well, yeah, we'll do that. that can help pay for infrastructure. >> tax cheats. >> one thing in those numbers that i thought was really interesting. 74% of people saying his approach to racial injustice was good. that wasn't the heart of the speech but he said some strong stuff. he said white supremacy is terrorism. he talked about george floyd. he reached out to law enforcement in a very effective way. think about that. tonight you had the president of the united states and tim scott both talking about the need to do something on police reform and talking about race in a very explicit way. i think that shows these protests, the outrage of the american people is registering with both parties. >> still ahead, we'll get reaction to president biden's appeal. jake will talk about george floyd's brother and attorney next. there's not enough hours to be all that i am. not enough hours to make this overworked mom, feel like superwoman. not enough

about that is sarah malik chief investment at nuveni and action forum president former congressional budget officel. thank you, everybody for joining us austin, i'm starting with you. i'm curious -- did i'm curious what you think if you look at in infrastructure bill and there is a debate about the how much of it is infrastructure and how much is it everything else what if actually means to employment long-term >> i think it's probably -- i'm a little confused by this insistence that the word infrastructure should only mean roads and bridges. to me it clearly doesn't when biden was running he clearly outlined he wanted to public build structures to help society, energy, build schools, hospitals, a burcham of those things i think in the short to medium-run it's probably a lot of jobs in the construction of those things over the longer run, you raise an interesting point there is the -- the limits on the job creation are about the population they're not about the business cycle. so i mean it's worth thinking, do we -- it's not expanding the population so it's more changing the sector that -- that pe

1/2 trillion dollars which was the static revenue cost of the bill, estimates from the congressional office budgetaseline showed 1.3, 1.4 trillion had been paid for through a combination of base broadenners, lower tax rate economic growth, so mr. biden is completely wrong. one other quit point, you look at census bureau numbers on income and wages, federal reserve consumer finance survey. by far the largest bulk of the benefits went to the blue-collar middle class and the lower middle income brackets. unemployment hit record lows, 50 year lows across the board including minorities. the poverty rate went down, the inequality rate also went down. so that is mr. biden playing fast and lose with the numbers, presumably he wants to completely reverse the trump tax cuts that in my opinion would throw a total wet blanket what is a booming economy. charles, if it ain't broke, for heaven's sakes don't fix it. charles: [laughter]. to that point, larry, there's a "gallup poll" out that americans financial satisfaction, 57% either feel it is excellent or good. we keep hearing from president biden in this desp

. >> president obama invited sister simone to the oval office when she organized nuns on the bus to oppose congressional republicans budgetin 2013 sister simone testified before the house budget committee which was then chaired by fellow catholic congressman paul ryan. >> everyone has a right to eat in -- to realize their human dignity. and therefore there is a -- in our position, a government responsibility to ensure everyone's capacity to eat. >> joining us now is sister simone campbell, the leader of nuns on the bus, she's a former executive director of the catholic advocacy group network. sister simone. does this mean you have more or less time to be on the bus? >> well, lawrence, it's going to be interesting to see. i believe i'm going to take a vacation for a little bit. i have four months off for a sabbatical and then we'll see what's next. >> i know you'll be active. i remember moderating a discussion in washington that you helped organize. involving rural issues. there's so many -- you have such a range of interests that doesn't always get expressed, let's say, in these kinds of segments that we do. and so what h