machinery manager of the chamber of commerce tax policy center at general counsel at the national small business association. burton received a jd from the university of maryland law school. he holds a bachelor of arts degree from the university of chicago. please welcome me -- join in welcoming data david to the podium. [applause] >> good morning. the purpose of the panelists to discuss the examples of good tax policy. we have a strong panel today with five of the leading experts and proponents of fundamental tax reform. each panelist will make a presentation of 10 minutes and then we'll have questions and answers from the audience. entire session will last an hour 15 minute period the broad principles of tax reform are some thing most contributors and libertarians generally agree about. economic principles are driven by the findings of the public finance literature, optimal tax literature and microeconomics. those could be summarized as the taxes to raise the amount of money necessary to fund the government in the economically destructive way. in more formal economic terms related and amasses the dead wei

chamber of commerce's tax policy center and general counsel at the national small business association. burton received a j.d., being our apparently only lawyer here from the university of maryland's law school. he also holds a bachelor's of arts degree from the university of chicago. please join me in welcoming david to the podium. [ applause ] >> good morning. the purpose of this panel is to discuss the essentials of good tax policy. we have a very strong panel today with five of the country's leading experts and proponents of fundamental tax reform. each panelist will make a presentation of about ten minutes and then we'll have questions and answers from the audience. the entire session will last about an hour and 15 minutes. now, the broad principles of tax reform are something that most informed conservatives and libertarians generally agree about. the economic principles of sound tax policy are driven by the findings of the public finance literature, the optimal tax literature and price theory and microeconomics. and those principles could be summarized as the tax system should r

lingering impact on our economy as many small businesses delay hiring, cut hours and in some cases reduce payroll. in fact the national small business association found that 91% of small businesses have seen increases in their health care costs and 2/3 of their members listed the affordable care act as a reason for holding off on investing in people. mr. speaker, when a small business invests in people, that's how america creates jobs. in my home state of illinois,s estimated this year that -- it's estimated this year that the affordable care act premium increases will rise as much as 30%. by making this commonsense change to the law we will not only help much-needed -- with much-needed relief but have our heroes find more work. post-9/11 veterans are consistently faced with higher unemployment rates than that of other veterans. so as more and more of our veterans return home, the hire more heroes act will give these veterans a boost in this very competitive job market, and i ask all of my colleagues to once again, again mr. speaker, this bill passed earlier this year 412-0. i'm asking all of my colleagues to support this commonsense bipartisan

regards to small business recently on june 16th the small business program for the transbay transit system was recognized by the small business comprised of chamber of commerce the association of national business owners and the chinese business of america and the others they recognizes the transbay transit center and more importantly on tuesday of next week the cpa lane will be recognized by the oldest and chamber of commerce this is the farther they've chosen to recognize a public agency in particular the woman as outstanding as director kaplan going back to notifying the transbay transit was the first project in the united states to have specific outreach to the lgbt chamber of commerce bottom line she brought together small business administrations and caltrain was at the table and the african-american and the small business office for the first time ever collaborated under maria's leadership for the lgbt to participate in this project so they're going to be recognizing her at this large event and on behalf of the lgbt they want me to extend our heartfelt appreciation thank you. >> thank you you paul that includes the members of the public we'll move into the regular calendar. >> y

regards to small business recently on june 16th the small business program for the transbay transit system was recognized by the small business comprised of chamber of commerce the association of national business owners and the chinese business of america and the others they recognizes the transbay transit center and more importantly on tuesday of next week the cpa lane will be recognized by the oldest and chamber of commerce this is the farther they've chosen to recognize a public agency in particular the

some small businesses, they just don't like that idea. and the national restaurant association insists that this will be leading to cuts and that more automations, they could even force some businesses to shut down. >> i have to be honest. what -- it would impact the way i could look at how many hours we would have our employees in to budget myself for the increase. but i do think that it will be good for the people. >> many people in the service industry, especially restaurant work say that the minimum wage increase is in a necessity in the high cost of living. the vote on this wage hike could come as early as next november. >>> today the secretary state john kerry fought back against senate critics of the iran nuclear deal. kerry testified before the senate foreign relations committee where some senators told kerry that he and his fellow u.s. negotiators had been fleeced and bamboozled in striking a deal with iran. but kerry hit back dismissing any notion that there was an alternative to cutting the current deal. >> the alternative to the deal that we have reached is to the w

group manager of the us chamber of commerce and tax policy and general counsel at the national small business associationand apparently the only lawyer here from the university of maryland law school. he also has a bachelor of arts degree from the university of chicago. pleaseplease join me in welcoming give it to the podium. [applause] >> good morning. the purpose of this panel is to discuss the essentials of good tax policy. we have a very strong panel today with five of the country's leading experts and proponents of fundamental tax reform. each panelist will make presentations about ten minutes command them will have questions and answers from the audience. the entire session will last about an hour and 15 minutes the broad principles of tax reform are something that most informed conservatives and libertarians generally agree about. the economic principles of sound tax policy are driven by the findings of public finance literature the optimal tax literature and the theory of microeconomics and those principles can be summarized as the tax system should raise the amount of money necessary to fund lim

up a wages board to the legislature in albany, he ignored the national restaurant association, ignored our franchisees with a small business people bringing jobs to new york, and most of all, i think that people who are going to be hurt by this are going to be young people yowt unemployment rate 16 to 19 in new york state is, is 21%. >> so -- are you saying that -- that your franchise owned locations and they're all of them 576 in new york city saying that they'll have to lay off people or stop hiring i want to know effect of higher minimum wage? >> okay, so if this goes forward, what's going to happen is we're going to have to mitigate. we may be all in a better situation than other o chains out there. but the thing we do not like is that they've focused on fast food focus on franchise but answer to your question is part of the litigation will be price increases. part of it will be close reduction in goods. but part of it will be we will have to pointed ways of getting increase level productivity and most was minimum wage that we pay is 16 to 19-year-olds this is a industry that trains americans. we're the people who get

the national association of manufacturers, last year they did a study -- what does regulation cost of business? two big business, it is one cost. do you realize that to small businesses, the cost is greater. we love to do manufacturing in america today, but small businesses, less than 50 it costs $35,000 per employee. how do you compete with that? this administration has added hundreds of thousands of new pages of regulation. i was up in napa county, speaking to a high school. i was talking about the challenge of holding us back that government and regulation can do. i do not believe in no regulation, i believe in common sense. one student in the back raised his hand and asked, how can we also far behind? i asked the student, do you play a sport? he said he was a swimmer. i said, let me give you an analogy. i asked him to picture america competing with every other country right after world war ii. we go to the blocks of the swimming and blow the whistle and jump into the water. we win. we not only win, but we are so fast that we get out and dry off before second and third arrived. the next year comes out and we say, that is pretty unfair. we won the war, s

national association for minority contractors and supplies. we are members sigtory through a union and there are a lot of in the bay view district surrounding san francisco areas, they are certified and small business and some [inaudible] there is a challenge to what the grouth growth and especially with projects in the bay view, transbay, everywhere around the city opportunity to grow their business. the biggest concern is 3 things i wanted to talk about while raimened did a great job of putting out the reports, as you can see there is still a lake of par tisitation with ethnicity of all different people of color, contractors and suppliers out of the 54, only 36 small business is in a white owned company and the remainder 18 percent is minority. there is still a gap. as al has spoken about a couple issued being black balled in the marth place we heard from our members the sames they told our organization that lack of participation when they bid on the projects they find that the contractors come and the price is too high. also boo doing business and sustaining a business in san francisco is high. comepeting small business outside city limit where the cost of doing business is a lot lower than san

national association for minority contractors and supplies. we are members sigtory through a union and there are a lot of in the bay view district surrounding san francisco areas, they are certified and small business and some [inaudible] there is a challenge to what the grouth growth and especially with projects in the bay view, transbay, everywhere around the city opportunity to grow their business. the biggest concern is 3 things i wanted to talk about while raimened did a great job of putting out the reports, as you can see there is still a lake of par tisitation with ethnicity of all different people of color, contractors and suppliers out of the 54, only 36 small business is in a white owned company and the remainder 18 percent is minority. there is still a gap. as al has spoken about a couple issued being black balled in the marth place we heard from our members the sames they told our organization that lack of participation when they bid on the projects, they find that the contractors come and the price is too high. also boo doing business and sustaining a business in san francisco is high. comepeting small business outside city limit where the cost of doing business is a lot lower than san

national association for minority contractors and supplies. we are members sigtory through a union and there are a lot of in the bay view district surrounding san francisco areas, they are certified and small business and some [inaudible] there is a challenge to what the grouth growth and especially with projects in the bay view, transbay, everywhere around the city opportunity to grow their business. the biggest concern is 3 things i wanted to talk about while raimened did a great job of putting out the reports, as you can see there is still a lake of par tisitation with ethnicity of all different people of color, contractors and suppliers out of the 54, only 36 small business is in a white owned company and the remainder 18 percent is minority. there is still a gap. as al has spoken about a couple issued being black balled in the marth place we heard from our members the sames they told our organization that lack of participation when they bid on the projects they find that the contractors come and the price is too high. also boo doing business and sustaining a business in san francisco is high. comepeting small business outside city limit where the cost of doing business is a lot lower than san