report not serious the congressional research service it's a nonpartisan it's what all of congress uses to figure out how much things cost you know the effect of certain legislation what does this new serious report tell us about unfair taxes in america sure of the sierras put out this report to basically test the thesis that president obama and warren buffett are opposing which is that there's a heck of a lot of millionaires out there that they're actually getting away with paying lower rates than this ordinary middle class americans and what the sierra support found was that there's actually ninety four thousand between ninety three ninety four thousand millionaires in the united states who are paying less in taxes then about ten point four million middle class americans people who are in less than a hundred thousand dollars a year so what you are saying is that warren buffett unfortunately isn't an outlier in this here as support finds there's about a quarter of millionaires in america who are paying tax rates or this low so we have ninety three thousand millionaires who are paying a

the congressional research service estimates u.s. bank exposure to the european debt crisis at $640 billion. that's nearly 5% of total u.s. banking assets. u.s. banking also have more than a trillion dollars in loans with german and french banks which are in turn the biggest lenders to the troubled european economy. if a european bank goes down, the concern, is scott, it could provoke a crisis of confidence that freezes up the global financial system. >> pelley: thanks, anthony. a lot of folks are worried about their money, and we got an eye-opening report today about the widening gulf between the haves and the have-notes in our country. the congressional budget office tells us between 1979 and 2007, america'sy wealthiest 1% saw their incomes increase by 275% to, at least $352,000. the incomes for america's middle class grew about 39% to more than $49,000. and there's a split of opinion about where this country is headed. in a new cbs news pole out tonight, 49% of americans told us they believe the country is headed into another rece

but according to the congressional research service it has gained only 6% or 7% of the dollar over the last year. faced with these delegate antly inequitable trade distortions i have witnessed maine's manufacturers and their employees going to great lengths to improve their competitiveness. in fact, according to the manufacturers association of maine, workers in our state have increased output per employee by 66% over a period of eight years, from 60,000 in 2001 to 89,000 in 2009. yet the dramatic job losses we have witnessed in the american manufacturing sector over the last decade tell a very different story, mr. president. according to recent reports, between 2001 when china joined the world trade organization, and 2010, 4.1 million manufacturing jobs were lost in this country. and 1.9 million of those jobs or 47%, can be directly linked to our growing trade deficit with china. in maine this withering of our manufacturing base has contributed to wage and salary employment levels falling precipitously through december, 2010 with job losses of 26,900 or a 4.4% drop. overall employment

the statistics published by the irs, assembled by the congressional research service available to every congressman which show that the 400 highest income americans, the 400 highest income americans whose income averaged $227 million each, paid only 21.4% in federal income taxes. that's 14% below the actual top tax bracket rate. the federal government has the numbers numbers proving buffett's point. the congressional research has those numbers. the congressman doesn't seem to know that. in his letter, buffett specifies the key points in his tax return. "to be specific, my adjusted gross income, line 37, was $62,885,038. my taxable income, line 43, was $39,814,784 and my federal income tax, line 60, was $6,923,494. in addition, my payroll taxes were $15,300. and to the congressman's i'll show you mine if you show me yours dare, buffett replied, "after the "wall street journal" suggested i publish my return i stated i would be happy to do so. the next morning if their boss, rupert murdoch, one of my ultra rich colleagues, would similarly make his return available. so far, the "wall street

a recent report by the nonpartisan congressional research service found that -- quote -- "virtually no -- no -- jumbo mortgages are being securitized today." in other words, in an ideal world where the private sector would fill this gap in home mortgages, the reality is that the economic conditions right now aren't allowing for that. it certainly hasn't taken place. and in terms of costs, our amendment will actually save $11 million over the next ten years and $2 million in fiscal year 2012, according to c.b.o. it is more than fully paid for in a fair way by creating a premium loan fee of 15 basis points per year that would apply only -- only -- to affec to thed loans. the people benefiting from the loans would be directly responsible for paying the costs of those loans, so taxpayers are made whole and no other home buyers would pie pay. as i said, it carves $11 mlt over the next -- it saves $11 million over the next years. additionally, the amendment will likely increase returns to taxpayers because f.h.a. audits for the past decade have stated that the larger loans actually perform b

yet congressional research service reports america has the largest recoverable resources of oil, gas and coal in the world. the obama administration, their failure to appreciate this fact is one of the many reasons why they are not making progress in creating jobs and improving our economy. this is a key here. when this discovery was made -- this was the congressional research service -- nobody has denied this, that when they came out, that was less than a year ago, and they said that we -- america has the largest recoverable resources of oil and gas in the world. that means we could be totally self-sufficient. all we have to do is develop our own resources. and there is not one -- i defy anyone on this floor to tell me there's one other country that doesn't develop its own resources. we're the only one. and so we have 83% of our non-shore public lands off-limits. we can't do -- we have these huge reserves out there but we can't -- we can't go after them. then there's rebecca water, who president obama has chosen to be the assistant secretary for the fish and wildlife departments. th

so the nonpartisan c.r.s., congressional research service, examined the industry study and they said the basis of this c.b.o. study, that's the council of industrial boiler owners, was flaud and as a result the congressional research service said little credence can be placed in their estimate of job losses. the national association of clean air agencies also reviewed the study. these are the people who implement the studies at -- the standards at the state and local levels. they found the industry study assumptions about the number of sources that would need to make changes to comply were grossly in error. even though the council on boiler owners study has been thoroughly debunked, this week the republicans circulated a dear colleague citing this study about potential jobs at risk. that's been the basis of the statement made in today's debate. that's why this amendment is important. the republicans insist on referencing flawed industry studies, citing job losses, then we should ensure that e.p.a.'s peer reviewed am sis showing the potential for job growth is included in the record as

the congressional research service estimates the fully 5% of u.s. banking assets are vulnerable one way or another to the european debt crisis. >> liz, thanks very much. >>> developments overnight at the occupy wall street movement in new york city. hundreds swarmed through police lines, streaming towards city hall, in part, to protest yesterday's police crackdown in oakland, california. there arrests overnight in new york and another march in oakland. several hundred protesters filled downtown streets there watched by riot police. they were able to re-enter a pla plaza. >>> 25,000 homes are without electricity in snowy ceo this morning following an early autumn storm. 5 inches fell in the denver area and bringing down power lines and early snow is not limited to colorado. forecasters predict an inch or >>> today could be the final day of testimony in the michael jackson manslaughter trial. >> on wednesday, dr. conrad murray was brought to tears in court as defense witnesses praised histories medical skills an compassion. cbs news correspondent ben

earlier this year, the congressional research service issued a report that says the united states of america is the number one energy resource rich nation in the world. d has given us such a tremendous gift. if we legalize american energy pruction, which i have been advocating do not my time in congress, we will create very quickly 1.4 million high-paying jobs. we will increase domestic energy supplies 50%. that will bring $800 billion into the united states treasury. we have more oil in three western states than all of the oil in saudi arabia. we have 25% of all the coal in the world. we have some of the largest fines of natural gas found recently in pennsylvania. solar, wind, biofuel -- we have it all. i want to legalizit all. i also want to change the epa and get rid of the epa. we have 50 at the state level. i want to get rid of it so we can open up american energy production and be the leader in the world. [applause] >> if you could reverse one energy-related policy decision in the last three years, what would it be and what would you have done differently? >> there are so many,

but the congressional research service estimate the fully 5% of u.s. banking assets are vulnerable one way or another to the european debt crisis. >>> there were developments overnight at the occupy wall street movement in new york city. streaming towards city hall. in part to protest yesterday's police crackdown in oakland, california. there were arrests overnight in new york. a similar late night march in oakland. several hundred protesters filled downtown streets there watched by riot police. earlier the city did let protesters reenter a plaza. >>> at least 25,000 homes are without electricity in snowy colorado this morning following a major >>> today could be the final day of testimony in the michael jackson trial. >> defense witnesses praise his medical skills and compassion. ben tracy has the story. >> that man sitting there is the best doctor i've ever seen. >> one by one, five of comrade murray's former patients came to his defense. >> i'm alive today because of that man. >> i have never had a doctor that was more caring. >> reporter: murray wa

according to a january, 2011, report from the congressional research service -- quote -- " -- i hope everybody who plans on voting for this free trade agreement with korea hears this. this is c.r.s." there is nothing to prevent south korean firms from performing intermediate manufacturing operations in north korea and then performing final manufacturing processes in south korea. for example, as much as 65% of the value of a south korean car coming into the united states could actually be made in north korea if this trade agreement goes into effect." and today we have over 47,000 north korean workers that are currently employed by more than 120 south korean firms including hyundai at the kaesing complex in north korea. what an agreement, what an agreement. slave labor in north korea manufacturing products which go to south korea and then come into the united states of america, and meanwhile, the dictatorship of north korea gets a piece of the action, a significant piece of the action on top of the pennies an hour that the north korean workers get. in 2007, the then-prime minister of s

the congressional research service says, that under this administration over half of the criminal emmygrants identified 300,000 plus have been released. yet when i ask what crimes these released criminals have been charged with, dhs responded that i.c.e. does not track this data. so we don't even know what crimes were committed by the criminal immigrants that dhs refused to detain. i'm just wonder if that's the case? do we in fact not determine what crimes have been committed and do we not know what crimes have been committed by those individuals that dhs refuses to detain? >> mr. chairman -- >> it seems so incredible we would be releasing individual without even knowing what crimes they might have committed but i hope there is a good answer? >> mr. chairman, i don't know, i'm not personally familiar with the crs study that you reference. >> right. >> but we detain and have beds at the number that the congress fund which is roughly around 34 thousand beds. there are decisions -- >> my question wasn't about the number released or the beds t was about, do you know the crimes that were co

for example, the nonpartisan congressional research service examined this study and concluded, quote, the base of cibo's analysis is flawed. as a result, little claims can be placed in cibo's estimate of job losses. they also cite a study by the american forest and paper association concluding that the boiler rules will cost jobs. mr. chairman, dr. charles culstadt, at the university of california-santa barbara, reviewed this analysis and said, quote, if i were grading this i would give it an f. the economics is all wrong, dr. culstadt describes it as, quote, fundamentally flawed, and he said that as a result the jobs estimate were completely invalid. and we know that the national academy of sciences, an independent public health -- and independent public health experts around the world have proven time and time again that mercury is a powerful neurotoxin that harms the developing brains of infants, leading to learning disabilities, attention deficits, behavioral problems and a range of other problems. this amendment is straightforward. it states that the bill does not stop e.p.a. fro

the congressional research service and department of veterans affairs concluded this legislation will provide no additional benefits and is a tribute to their service and reinforced says it has a zero cost to taxpayers. it states that those members of the guard who served for all of their time stood ready to be deployed have earned the right to be considered veterans. i would like to point out this legislation supported by the military coalition, and the national military alliance which represents four million veterans and their families. i thank everyone who has been engaged. we have a companion version in the senate and the time is right to bestow this honor on those who have given so much. with that, i encounseling my colleagues to use this as an opportunity to stand tall with our guard and reserve soldiers to set this right and to allow them to be able to render their hand salute to our flag. with that, i reserve the balance of our time. the speaker pro tempore: the gentleman from minnesota reserves. the gentleman from new jersey. mr. runyan: i would like to yield as much time as

the oil and natural gas sector is responsible for nine million jobs, according to the congressional research serviced democrats. then here is a concrete proposal. let's get back to producing our own energy resources in the gulf of mexico and elsewhere in the united states of america. nine million jobs, and it could be more. mr. isakson: the gentleman from mississippi just jogged my memory and i want to jog his because he was in the united states house of representatives in 1993 if i'm not mistaken. i got there in 1997. i remember the first year of the clinton administration when they put a luxury tax on yachts. the yacht construction business went out of the business and thousands of jobs left. i don't know if trinity is a sub-s, an l.l.c., a sole proprietorship. it's probably one of those three types of corporations and i'm sure it's as small business. they're going to have a 5.6% surtax on their small business because of the proposal the president has to allegedly pay for a jobs bill. this is deja vu all over again. the president is proposing more taxes to pay for government jobs, take the money o

in my own state of new york, according to the congressional research service, the estimated grant for the teachers and for the first responders would be $ 1.7 billion which would save an estimated 18,000 educators and first responders' jobs. that's important not only to these families but to the localities. these teachers are needed. these fire and police are needed. and a very important -- and very importantly, one of the things i think is so important is the focus that the president has put on modernizing our schools. when i was in school, all you needed was a piece of paper and a teacher and a pencil. now our young people need computers, and we need to start teaching them computer sciences and math and technology very, very early. and this would have grants to modernize schools so that they're really ready for the 21st century. wired appropriately for high-tech computers. and this would have a grant for new york city alone of $1.6 billion to modernize the community colleges and the public schools so that they're ready for the next century. but it's our infrastructure that is so imp

for instance, the congressional research service examined the key study by the council of industrial boiler owners and concluded that it was so flawed that, quote, little credence can be placed in these estimate of job losses, end quote. it's my hope this body will not be so easily misled. it was the lack of regulation of wall street banks that caused this recession not environmental regulations that protect children from toxic mercury emissions. i oppose these bills on the substance, but i also have concerns about the process as well. when congress organized at the beginning of the year, the majority leader announced that the house would be following a discretionary cut-go rule. similarly chairman upton of our committee stated that he would be following that same discretionary cut-go rule. c.b.o. has determined the bill we consider today authorizes new discretionary spending, and will have significant impact on the federal budget. however this new authorization -- i yield myself an additional 0 seconds. this new authorization is not offset and the bill does not comply with the repub

according to a january, 2011, report from the congressional research service -- quote -- " -- i hope everybody who plans on voting for this free trade agreement with korea hears this. this is c.r.s." there is nothing to prevent south korean firms from performing intermediate manufacturing operations in north korea and then performing final manufacturing processes in south korea. for example, as much as 65% of the value of a south korean car coming into the united states could actually be made in north korea if this trade agreement goes into effect." and today we have over 47,000 north korean workers that are currently employed by more than 120 south korean firms including hyundai at the kaesing complex in north korea. what an agreement, what an agreement. slave labor in north korea manufacturing products which go to south korea and then come into the united states of america, and meanwhile, the dictatorship of north korea gets a piece of the action, a significant piece of the action on top of the pennies an hour that the north korean workers get. in 2007, the then-prime minister of s

the congressional research service says, that under this administration over half of the criminal emmyants identified 300,000 plus have been released. yet when i ask what crimes these released criminals have been charged with, dhs responded that i.c.e. does not track this data. so we don't even know what crimes were committed by the criminal immigrants that dhs refused to detain. i'm just wonder if that's the case? do we in fact not determine what crimes have been committed and do we not know what crimes have been committed by those individuals that dhs refuses to detain? >> mr. chairman -- >> it seems so incredible we would be releasing individual without even knowing what crimes they might have committed but i hope there is a good answer? >> mr. chairman, i don't know, i'm not personally familiar with the crs study that you reference. >> right. >> but we detain and have beds at the number that the congress fund which is roughly around 34 thousand beds. there are decisions -- >> my question wasn't about the number released or the beds t was about, do you know the crimes that were comm

according to the congressional research service, the estimated war funding for iraq and afghanistan from 2001 through fiscal year 2011 is $1.283 trillion. $443 billion of that has been spent in afghanistan. for fiscal year 2012, which began on saturday, we will spend another $113.7 billion in afghanistan. by this time next year our total spending in afghanistan will be $557.1 billion or over half a trillion dollars. and when i say spend, madam speaker, i really mean borrow because from day one of the afghanistan war and the iraq war for that matter we have not paid for these wars. we have borrowed nearly every single penny of that money, put it on the national credit card, let it rack up over a quarter of our cumulative deficit, help explode our debt year after year for a decade. there has been only one other time in the history of the united states that a war was financed entirely through borrowing, madam speaker, without raising taxes and that was when the colonies borrowed from france during the revolutionary war. i know lots of members in this house believe in the tea party but that'

according to the congressional research service, the last time the united states signed a trade agreement was back in 2006 with peru. these three trade agreements the house passed last night could have been sent to congress back in 2009. every day we delay is a day we deny american workers job opportunities to compete. these trade agreements aren't about rhetoric, they are about results. we cannot afford to sit on the sidelines anymore while other countries enter into trade agreements with colombia, panama, and south korea causing us to lose more of the market share. again i support these free trade agreements if as a country we are allowed to compete, i know we will deliver. with that i yield back my time. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentlewoman from florida, ms. wasserman schultz, for five minutes. ms. wasserman schultz: thank you, mr. speaker. i rise today to honor the achievements of marcia jo, founder, executive director and chief curator of the jewish museum of florida. marcia has been a leader in the organized florida jewish communit

the congressional research service says that under this administration, over half of the criminal immigrants identified, 300,000-plus, have been released. yet, when i asked what crimes these release criminals have been charged with, dhs bonds that ice does not track this data, so we do not even know what crimes were committed by the criminal immigrants that dhs refused to detain. i just wondered if that is the case. do we not determine what crimes had been committed? do we not know what crimes were committed by those individuals that dhs refuses to detain? it seemed so incredible that we would be releasing individuals without even knowing what crimes they might have committed, but i hope there is a good answer. >> i am not personally familiar with the study that you reference, but we detained and have beds at the number that the congress funds, which is roughly around 34,000, and there are decisions -- >> my question was not about the number release or the beds. my question was about do you know the crimes committed of those that you refuse to detain? >> i will look into that. i will assume,

for instance, the congressional research service examined one and concluded, quote, little credence can be placed in these estimate of job losses. the state and local air pollution agencies concluded that one study's assumptions are grossly in error. it's my hope that this body will not be so easily misled. it was lack of regulation at wall street, on the banks and the brokers and the other people who spent their time figuring out very crafty investments for which nothing -- nothing backed them up that caused this recession, not because we had environmental regulations that protect children from toxic mercury emissions. . i oppose these bills on substance and i also have concerns about the process. let me go into the process. we were told, this is a small issue, depends how you look at it, these bills are bad enough to oppose simply on the basis of what they would do, but it shows how the republican majority in this house want to adopt rules and regulations on themselves, but they don't abide by them. the house dew point change the rules, but the majority leader said we have a protocol

earlier this year, the congressional research service issued a report saying the united states of america is the number one energy resourced rich nation in the world. god has given us such a tremendous gift. if we legalize american energy production, which i have been advocating throughout my time in congress, we will create very quickly 1.4 million high paying jobs, increase domestic energy supply to 50%, and that brings $800 billion into the united states treasury. we have more oil in three western states than the former shell oil than all of the oil in saudi arabia. we have 25% of all of coal in the world. we have some of the largest spines of natural gas found recently in pennsylvania. we have trillions of cubic square feet of natural gas incoming solar, winds, biofuels here in iowa. we have a all. i want to legalize it all and change the epa and get rid of the epa. we have 50epa's at each state level, get rid of it so we can open up american energy production and be the leader in the world and be the head and not the tail. [cheers and applause] >> if you can reverse one energy relate

according to a january 2011 report from the congressional research service -- and i quote -- "there is nothing to prevent south korean firms from performing intermediate manufacturing operations in north korea and then performing final manufacturing processes in south korea." in other words, there's a huge industrial park in north korea. south korean companies own that park. workers there are paid horrendously low wages, and some of those wages go right to the north korean government. products made in that industrial park in north korea will go to south korea and then will come back into the united states as part of that so-called free trade agreement. today, over 47,000 north korean workers are currently employed by more than 120 south korean firms, including hyundai at the casing industrial complex in north korea. this facility is located just six miles north of the demilitarized zone with direct road and rail access to south korea and just an hour's drive away from seoul. these north korean workers officially make a minimum wage of 35 cents an hour, but they actually make much less

research on -- resource on congress to get more information with c-span to congressional chronicle -- c- span's congressional chronicle. it is washington your way, the c-span networks, created by cable, provided as a public service>> "washington journal" continues. host: we look at a weekly magazine article every wednesday, and today is an article from "scientific american. joining us is fred guterl, the editor. let me begin with a letter the editors put together at the beginning of this issue and you read about public policy. how do city's fare against suburbs and rural areas when it comes to spending priorities and public policy? guest: that is a good question. one of the reasons we put together this special issue on cities for our september issue is because cities really are the future. the growth in cities is tremendous. in 2008, we passed a milestone, or for the first time ever, -- where for the first time ever, more people live in cities than .he country sside that trend is continuing, and by 2016, 6 billion people will be living in cities, which is almost as many people living on the entire planet right now. this is the way things are going. a lot of this growth is happening abroad, in developed countries