democratic congressman from oregon, peter defazio leading the charge against wall street.is expected to introduce the legislation tonight in two hours. it would tax trades on stocks, bonds, derivatives. not the first time he targeted wall street. he introduced a similar bill two years ago. little pickup at the time. congress was republican. also the theme of taxing the rich was just not as popular as it is right now. underscoring that point, congresswoman alexandria ocasio-cortez is a lead cosponsor of the bill along with a dozen others including representatives from california, massachusetts, connecticut and washington state. so defazio says he wants to discourage high frequency trading this is the group that he says he is targeting. he says he wants to avoid another "flash crash." he also says the money from the tax could go to more worthy causes. for example, the joint committee on taxation, estimates the financial transaction tax could help reduce the budget by adding revenues of $777 billion over the next 10 years. if big, if, the exact form of the proposed law were t

- we can go back and look at some of those. >> congressman, thanks for joining me, congressman peter defaziooregon. >> thank you. >>> the february jobs number badly missed estimates wages soared we'll talk about what the real story is on the ground wheitn comes to jobs. we'll get a look at one manufacturing dlikt nextre... you thirst for adrenaline, you hunger for raw power. well, you've come to the right place. the road is yours, dig in. when yowhat do you see?itical issues facing our world, we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. itso chantix can help you quit "slow turkey." along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cig

so now we're going to have a great chairman in peter defazio working to get that done, richie neal and the leaders on the ways and means committee that are moving forward, the energy and commerce committee, we have a package associated with broadband in america, namely in rural america. it's poised to move so let's get it done so i'm excited what we can do there. >> our guest, representative ben ray lujan, the assistant speaker of the house of representatives, joining us for our "newsmakers" program. go ahead. >> i wanted to follow-up. what do you think working with the president at a time when the house is very aggressively investigating him and it seems like there is increasing nsion as your investigations move forward and he's fighting back? >> one thing we cannot forget is congress has the constitutional responsibility of oversight. which is returned back to washington now that democrats are in the majority of the house of representatives and we are going to continue to carry out that constitutional responsibility. our colleagues continue nvestigations looking into questions we hav

the inspection process and its oversight is exactly what peter defazio is concerned about in the recent involving the reengineered boeing 737 max. for some reason that approved redesign did not include retraining pilots on a new automated computer system to prevent aircraft stalls and steep assents. boeing did issue a bulletin. but pilots have complained they had no idea the system was on their planes or how it worked. defazio wants to know why. why did this plane go out without requiring pilot retraining. the argument apparently made by boeing was, it was the same as all the other 737s, it isn't. it has a system that none of the others had. so people needed to be trained on it, and it -- they weren't. there's questions of how the faa improves the manual that didn't include any mention of the mcat system. >> boeing got back to us, telling cnn, even though it does employ its own inspectors. the company insists boeing employees serving in this capacity act independently on behalf of the faa when performing in this role. drew griffin, cnn, atlanta. >>> a rebuke on the border, 12 senate rep

on the panel take, -- dowson democrats unveiled their plan tonight led by oregon congressman, peter defazio it is his bill. it is cosponsored by alexandria ocasio-cortez and a dozen other democrats from the house financial services committee. there is a sister bill being considered in the senate as well. the bill would impose a tax on the purchase of mo securities including stocks, bonds and transactions as well as derivatives. the joint committee on taxation says it could raise $777 billion over the next 10 years. folks, do we need this tax? what do you think? >> i know this will be a big surprise to everyone here! but this is a solid no from me. the reality is, this is a sales tax on investors. under the guise of we are going after big bad greeting mean was repaired every time congress tries to legislate something like this there are unintended consequences. whether that is in liquidity of the market, competitiveness of the markets, the returns that investors get, they will always be unintended issues and consequences. at the end of the day the government has plenty of money so spend the

we had peter defazio who says, he's not getting on board no matter what the faa says. pete! >> i would think twice about getting on the plane truthfully. i'm not going to be dishonest there. the initial data is eerily similar to that in indonesia. kennedy: investors have vowed to find the cause of sunday's crash and killed 157 passengers in ethiopia. but would you fly in a boeing 737 max-8 right now? let me austinites panel. alex wilkes along with most of the next revolution on the fox news channel sending exit 9 pm eastern, dave helton. in part of the problem podcast host, the inevitable, steve smith. welcome everyone! yay! alex, from a legal point of view, does the faa have to have greater cause to temporarily ground planes before they can take the kind of action that some hysterical lawmakers are seeking? >> i think it is certainly you want to provide more grounds for considering that this is a huge economic loss for the airline industry if they were not able to use these planes. and so i think they would have to provide some kind of greater justification but for the demo

end of business day today to introduce the wall street tax act of 2019 led by oregon congressman peter defazioith an assist by alexandria ocasio-cortez of new york. the bill would impose a tax on the purchase of most securities including stocks, bonds and transactions including derivatives. the tax would be one-tenth of 1% of the value of the security or the payment made under the derivative contract. the joint committee on taxation says it could fill the country's reven revenue coffers by $777 billion over the next ten years but what could it do regarding your road to retirement? as we wait on the announcement, deirdre bolton has been looking at the potential impact. liz aunnn sonders said it's too early to be freaking out about it but she just had a conference call with the d.c. office to game the impact. clearly people are looking at it. >> of course. in her field that's an absolute must to be prepared for potential litigation. most experts that we have been reaching out to, they say the effect on people's savings via their 401(k)s, via their iras, would be minimal. you talked about this. t

transportation department inspector general, house transportation committee under new chairman peter defazioads will roll if they're not confident in their data and the safety of this plane. reporter: in media address this sunday, boeing's chairman dennis muilenburg said safety is at the core of what they do and the company is cooperating with authorities. >> we regret the ongoing challenges the grounding has caused for our customers and the flying public. the investigation is moving forward. with work underway to understand the information from the air plane's cockpit voice and flight data recorders. reporter: meantime the black boxes from the ethiopian airline crash have been fully downloaded. data in hands of two foreign investigators. unclear whether they will hand the raw data over to the ntsb. back to you in new york. susan: doug, thank you. connell: this big sit-down today at the white house with president of brazil with president trump who says all options are on the table when it comes to venezuela. did the meeting help the nation in terms of finding a solution for the crisis in ven

departments inspector general as well as the house transportation committee under the new chairman peter defazionvestigating. >> heads will roll if they're not confident in their data and the safety of this plane. reporter: in a video address on sunday, boeing's chairman said that safety is at the core of what they do, that the company is cooperating with authorities. >> we have been working in full cooperation with the u.s. federal aviation administration, the department of transportation and the national transportation safety board, on all issues relating to both the lion air and the ethiopian airlines accidents since the lion air accident occurred in october of last year. reporter: he also said boeing will soon release a software update for the 737 max that will address concerns discovered in the aftermath of the lion air accident. lauren: we certainly await that. let me ask you a question. i know you follow this oh, so closely. we are receiving word that steve dixon is the white house pick as the permanent head of the faa. boeing stock up today, but was up even more on that news? >> you know

senator dianne feinstein and house transpiration committee chairman peter defazio are calling on the faa to make that move. >> i would think twice about getting on the plane, truthfully. i'm not going to be dishonest here. the initial data is eerily similar to indonesia, in terms of the unusual climb and the dive in that. >> the black boxes remain in the custody of ethiopian aircraft investigation bureau, which is supposed to operate under guidelines. the faa is among many bodies allegedly assisting. there's been no noted to get released from the black boxes which could pinpoint a problem or connect the ethiopian accident to the lien air crash in the java sea five months ago. the max 8 has larger diameter engines than previous 7:30 sevens, necessitating them moving forward on the wing which changed the center of gravity. which requires a software update to compensate for the natural tendency to pitch up at full power. unlike automated airbus, the mal to have such an automated feature. president trump treated today, "airplanes are becoming far too complex to fly. the complexity create

had the privilege of testifying at the first transportation committee in the house chaired by peter defazioaid to them is pass a big bill and pay for it. raise the gas tax. use tolling. use public-private partnerships. use of vehicle miles traveled. use a combination of things to fund it. make it a big ball bill. raise the gas tax at least $.10 per gallon. index it to the cost of living. youwill have a pot of money can work with. there is no debate in america about what needs to be fixed. america is one big pothole. people are sick of the potholes. they are sick of the interstate crumbling. we need the resources. house willeve is the the a big ball bill, raise revenue, and then it will be up to president trump to really come out full force and say to the senate pass a big bill. if president trump gets behind this, boom, we are back in the business of building infrastructure. david: is this an ideological issue? the will call it a tax and president's base won't have -- won't want to have a raise in taxes. is that the main problem? >> i have heard the president say he would be in favor of a t

not only doj investigating this but also the house transportation committee under new chairman peter defazioromised a tough approach to boeing and the faa. >> if they are not confident in their data and the safety of this plane. >> the ceo of boeing said that safety is at the core of what they do in the company is cooperating with all employees. >> jon: story will will continue to stay on. to my congressman devin nunes taking aim at twitter accusing the site of shadow banning conservatives as he says there are more lawsuits to follow. what this means for the social media giant in the age of accountability. >> i put something out that was sexually expository text something personally, they would stop in and say this is a sensitive tweet. they never did that to the people that were coming after me or other conservatives. - [narrator] u.s. money reserve is the only precious metals company led by a former director of the united states mint. and as one of the largest us gold coin distributors in the country, us money reserve has proudly served hundreds of thousands of clients worldwide. there may

that is representative peter defazio, the chairman of the camp committee. he goes on to say, how much scrutiny are they applying and could they be influenced? , it is afficial saying very cozy relationship that the former head of the national press rotation board becomes the manufacturer and the regulator. that is more about that. you can read that in the new york times. let's get a gym in maryland. jim -- let's go to jim in maryland. caller: just agreeing with the past two call if you're -- past two colors. callers.wo the scale of money that changed hands is staggering. it shows the gap between the middle class and the upper class and the rich. spend $500,000 just to have the child admitted to a college. host: tennessee is next. this is from richard in athens. caller: good morning, sir. thank you for taking my call. it is kind of ironic that i wife and i are in the position we are in right now of trying to get my daughter into college. nts to be a nurse. we are squarely in the middle class. that means we pay the full amount wherever she goes. she is a good

first we will hear from the honorable peter defazio chairman of the house transportation infrastructure committee and the longest serving house member in oregon's history. i would note by the way he was born and raised in massachusetts. he has been a champion on infrastructure issues throughout his career. we will then hear from the honorable sam grave, a ranking member of the house transportation and infrastructure committee. mr. graves represents the sixth district of missouri. and as a small businessman and sixth generation family farmer he is personally familiar with the impact of infrastructure and its investment on business. with that, mr. defazio, would you proceed? >> thank you, mr. chairman. thanks for holding this long overdue hearing by the full committee on america's infrastructure needs and the possible bill of provisions to pay for it. sam and i could write a great bill in terms of policy. but the bottom line is we need investment. today, our, if you look at federal spending, which hasn't, we haven't increased gas tax since '93, basically we've cut federal spending by 20%