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Feb 6, 2014
02/14
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ranking member of the finance committee, i've greatly appreciated his willingness to put partisan differences aside for the greater good of all. one objective you could describe senator baucus is one used by his predecessor as chairman of the finance committee, senator daniel patrick moynihan. the term i'm thinking is "indefatigable." whether it was preparing for and running a marathon, walking across the wide expanse of his home state, or working at one of the many jobs he regularly undertook back home in recent visits, max has been indefatigable. he's been a tireless legislator. just ask his staff. they'll affirm that fact. as a senator, he was always working. i have no doubt that he'll do the same as our nation's ambassador to china, arguably the most important diplomatic post in the world today. as we saw today, the vote on his confirmation wasn't even close. that's because all of his colleagues know that max baucus is a committed public serve not who will serve the american people with competence, dignity and a tireless commitment to our nation and its interests. i have to say that i feel personally about this nominee and about this nomination. i like max very m
ranking member of the finance committee, i've greatly appreciated his willingness to put partisan differences aside for the greater good of all. one objective you could describe senator baucus is one used by his predecessor as chairman of the finance committee, senator daniel patrick moynihan. the term i'm thinking is "indefatigable." whether it was preparing for and running a marathon, walking across the wide expanse of his home state, or working at one of the many jobs he regularly...
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Feb 15, 2014
02/14
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we began the program with the elected chairman of the senate finance committee. senator ron wyden. thank you so much and congratulations. you are an advocate of tax reform. but there is no way you can do a comprehensive reform this year. >> the challenge will be a two step drill. we had about 50 of what are called tax extenders. these are measures like research and development and energy that expired. my hope is we can get them reenacted promptly. so we do not sacrifice important investments. and then use them as a bridge toward comprehensive reform. >> you mention the rnd and renewable issue. are there other extenders that should be killed? >> my first choice would be to go to comprehensive tax reform rather than have to proceed with the extenders. the reality is, when the house leadership last november declared that obamacare was their primary issue, that changed the timetable. i'm not going to sacrifice critical issues like research and development on the altar of some actions. >> can you do that this year? >> it would be a big lift. a comprehensive reform package this year. but
we began the program with the elected chairman of the senate finance committee. senator ron wyden. thank you so much and congratulations. you are an advocate of tax reform. but there is no way you can do a comprehensive reform this year. >> the challenge will be a two step drill. we had about 50 of what are called tax extenders. these are measures like research and development and energy that expired. my hope is we can get them reenacted promptly. so we do not sacrifice important...
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Feb 16, 2014
02/14
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BLOOMBERG
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we began the program with the elected chairman of the senate finance committee.ou so much and congratulations. you are an advocate of tax reform. but there is no way you can do a comprehensive reform this year. >> the challenge will be a two step drill.
we began the program with the elected chairman of the senate finance committee.ou so much and congratulations. you are an advocate of tax reform. but there is no way you can do a comprehensive reform this year. >> the challenge will be a two step drill.
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Feb 28, 2014
02/14
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with very limited exceptions, the house ways and means committee and the chairman of the senate finance committee can receive that information without restriction. no other committee including this one has access to that information and if i were to reveal that information, not knowing whether they were protected by section 6103 could be subject to penalty. and so in the late hour of receiving that information, in the course of that period when we are trying to to determine what if anything the irs did with this information i felt it best we had our facts in place before opening the up what could have been a big issue and what could not have been a big issue. we did not know at that time. >> let me tell you what troubles me about your testimony. we are hearing it incorrectly, that is possible, that you knew early according to your report that certain groups were being targeted but you found out other things the night before you were ready to testify. i have to ask myself how come you were not aware in your investigation in the ongoing investigation that other groups and other issues were in play.
with very limited exceptions, the house ways and means committee and the chairman of the senate finance committee can receive that information without restriction. no other committee including this one has access to that information and if i were to reveal that information, not knowing whether they were protected by section 6103 could be subject to penalty. and so in the late hour of receiving that information, in the course of that period when we are trying to to determine what if anything the...
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Feb 15, 2014
02/14
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we began the program with the elected chairman of the senate finance committee. senator ron wyden.o much and congratulations. you are an advocate of tax reform. but there is no way you can do a comprehense
we began the program with the elected chairman of the senate finance committee. senator ron wyden.o much and congratulations. you are an advocate of tax reform. but there is no way you can do a comprehense
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Feb 7, 2014
02/14
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the sixth term senator and chairman of the finance committee replaced gary locke who has served since to teeeleven. after the confirmation vote senators orrin hatch, tom carper , and dick durbin came to the floor to offer to be speeches. this is 15 minutes. >> madame president, i am pleased that my colleague is confirmed by this body the way was. he will make a fine ambassador to china. we all know what an honorable and decent man he is. we all know of his abilities. we all know that he has run a very tough committee and an important committee and has done a terrific job in doing so. all i can say is i rise today to wish my good friend good luck as he departs the service. the next year as ambassador to china. we will miss him. i do not think it is fair. nevertheless, i think it is fair to our country. he will make a great ambassador. he first came to the senate in 1978 and has the distinction of being 110 as long as serving u.s. senator. as you can see, i served with senator baucus for a long time, longer than the two of us would like to admit sometimes. and over the years i have come
the sixth term senator and chairman of the finance committee replaced gary locke who has served since to teeeleven. after the confirmation vote senators orrin hatch, tom carper , and dick durbin came to the floor to offer to be speeches. this is 15 minutes. >> madame president, i am pleased that my colleague is confirmed by this body the way was. he will make a fine ambassador to china. we all know what an honorable and decent man he is. we all know of his abilities. we all know that he...
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to even bring it to a vote his latest attempt the pro sports act has been sitting in the senate finance committee since september of last year but robbery under the guise of sport support isn't just happening at the federal level city governments a lot stick taxpayer funds excuse me to build massive sports stadiums take for instance the current super bowl champions the seattle seahawks their home stadium century link field came with a price tag of five hundred sixty million dollars seventy percent of which was paid for by seattle residents and more often than not a local government's commitment to their team will go far beyond building the stadium we're talking about maintenance operations waste utilities so while professional sports seem like merely a lighthearted distraction from the world's economic woes don't forget that they're robbing you just. same. i. hope in california as a city that saw one of those brutal police crackdowns during the occupy movement with a long history of violence and police distrust city officials have been grappling with a way to tackle over the masses now oakland ha
to even bring it to a vote his latest attempt the pro sports act has been sitting in the senate finance committee since september of last year but robbery under the guise of sport support isn't just happening at the federal level city governments a lot stick taxpayer funds excuse me to build massive sports stadiums take for instance the current super bowl champions the seattle seahawks their home stadium century link field came with a price tag of five hundred sixty million dollars seventy...
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Feb 15, 2014
02/14
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weekend the -- we began the program with the elected chairman of the senate finance committee.u so much and congratulations. you are an advocate of tax reform. but there is no way you can do a comprehensive reformhi
weekend the -- we began the program with the elected chairman of the senate finance committee.u so much and congratulations. you are an advocate of tax reform. but there is no way you can do a comprehensive reformhi
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Feb 9, 2014
02/14
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FOXNEWSW
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and from maryland, ben cardin, a member of the senate finance committee. the c.b.o. says over the next decade, senators, there will be 2.5 million fewer workers, working full time because of obamacare. here is the c.b.o. director on that. >> by providing subsidized health insurance to people with very low income and withdrawing the subsidies as income rises, the act create as disincentive for people to work relative to what would be the case in the absence of that act. >> now, republicans say this proves that obamacare is a job killer and democrats say it means that viewer people will be locked interest jobs. senator blunt, what is wrong with that, the idea of fewer people locked into jobs? >> any law you pass that discouraged people from working cannot be a good idea. why do we want to do that and thing that is a good thing? how does that allow people to prepare for the time when they don't work? this number is about three times as big at the number that was on table when people that voted for the president's health care bill voted for it in 2009 and 2010 when the es
and from maryland, ben cardin, a member of the senate finance committee. the c.b.o. says over the next decade, senators, there will be 2.5 million fewer workers, working full time because of obamacare. here is the c.b.o. director on that. >> by providing subsidized health insurance to people with very low income and withdrawing the subsidies as income rises, the act create as disincentive for people to work relative to what would be the case in the absence of that act. >> now,...
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Feb 9, 2014
02/14
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and from maryland, ben harden, a member of the senate finance committee. the cbo says over the next decade, senators, that will will be 2.5 million fewer workers working full time because of obamacare. here is the cbo director. >> by providing health insurance to people with very low income and then withdrawing the subsidies as income rises, they'll create the disinsentive for people to work, relative to what is the case of the absence of that happening. >> now republicans say this proves that obama care is a job killer. democrats say it means that fewer people will be locked into jobs. senator blunt, what is wrong with that, the idea of fewer people locked into jobs? >> i think any law you pass that discourages people from working can't be a why idea. why would we want to do that? how does that allow people to prepare for the time when they don't work? this number is about three times as big as the number that was on the table when people that voted for the president's health care bill voted for it in 2009 and '10 when the estimate was it would cost the eq
and from maryland, ben harden, a member of the senate finance committee. the cbo says over the next decade, senators, that will will be 2.5 million fewer workers working full time because of obamacare. here is the cbo director. >> by providing health insurance to people with very low income and then withdrawing the subsidies as income rises, they'll create the disinsentive for people to work, relative to what is the case of the absence of that happening. >> now republicans say this...
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Feb 27, 2014
02/14
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wyden: madam chair, this bill is clearly within the jurisdiction of the senate finance committee because it changes the tax code. now, for many months before i became the chair of the committee, the finance committee staff on a bipartisan basis has worked very hard and very comprehensively in a thoughtful way to address this issue interviewing 28 i.r.s. employees and reviewing approximately 500,000 pages of documents. it's my hope -- and again, madam chair, i have been the chair for a little bit over a week -- it's my hope and expectation that this report will be ready for release next month or in early april. the finance committee, as i have indicated, is the committee of jurisdiction. it has the technical resources, the expertise and experience to best fashion the appropriate remedies. and my view is these matters are simply too important to be handled on the floor without the opportunity for the finance committee to address these issues, to examine them in hearings and to have meaningful debate. now, the senator from arizona believes that the new rules from the i.r.s. are not fair bec
wyden: madam chair, this bill is clearly within the jurisdiction of the senate finance committee because it changes the tax code. now, for many months before i became the chair of the committee, the finance committee staff on a bipartisan basis has worked very hard and very comprehensively in a thoughtful way to address this issue interviewing 28 i.r.s. employees and reviewing approximately 500,000 pages of documents. it's my hope -- and again, madam chair, i have been the chair for a little...
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Feb 26, 2014
02/14
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FBC
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he did work with the senate finance committee chairman max baucus.m to be the ambassador china. most folks in town say chances of any type of overhaul happening this year are basically zero. especially aspects interest groups are coming out. seeing tax deductions on table here around they don't like that. david: too simple for accountants. they would lose money. makes too much sense to pass in congress, doesn't it? >> to an extent a lot of stakeholders here and a lot of lobbying money went to putting these in. david: stakeholders, key word for lobbyists inside the beltway. thank you very much. we asked you on twitter and facebook if you think about it coin is going to survive the current crisis. james on twitter told us bitcoin prices will rise to new heights now that mt. gox will be removed along with the artificial prices it created. liz: take you off the desk. ordering online is so easy. but receiving your packages can be difficult if you aren't home for those deliveries right? they are trying to make this process a little easier, turning your car
he did work with the senate finance committee chairman max baucus.m to be the ambassador china. most folks in town say chances of any type of overhaul happening this year are basically zero. especially aspects interest groups are coming out. seeing tax deductions on table here around they don't like that. david: too simple for accountants. they would lose money. makes too much sense to pass in congress, doesn't it? >> to an extent a lot of stakeholders here and a lot of lobbying money...
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Feb 20, 2014
02/14
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FBC
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someone who is working on this he was working on an overhaul with chairman max baucus of senate finance committee. now he is approved as ambassador to china. there is real big skepticism in washington, d.c. we'll get any overhaul of the corporate tax code. seems as though the administration is doing pieces of it by itself but doing so in a way that will raise several billion dollars. tightening up digital transactions. david: a question here because, it is on the opposite side of what seems to be happening. a lot of companies were hoping there would be some sort of tax forgiveness for a lot of money companies have overseas. remember as much as half of apple's $160 billion they have in cash is overseas right now. if they were to bring that back, that could be put to good use creating jobs right here in america but they need a tax, kind of holiday to have that happen. no talk about that right now? >> right much the administration has been pair fairly opposed to that they will have the conversation in a certain way but what they proposed for corporate tax overhaul, one-time charge, not necessarily s
someone who is working on this he was working on an overhaul with chairman max baucus of senate finance committee. now he is approved as ambassador to china. there is real big skepticism in washington, d.c. we'll get any overhaul of the corporate tax code. seems as though the administration is doing pieces of it by itself but doing so in a way that will raise several billion dollars. tightening up digital transactions. david: a question here because, it is on the opposite side of what seems to...
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Feb 27, 2014
02/14
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. >> you were working with senate finance committee chairman max baucus who has been sent to china, u.sdor to china. how much does him leaving, does the president in a way kill chances of tax reform send your top democratic partner overseas? >> looks, things change in politics. i have a lot of respect for senator baucus but has a new responsibility. i know senator ron wyden from being in the house. he introduced compromise tax reform bills in two previous congresses and done that with republican senator. theee is some similarities what he tried to put forward and what i'm trying to do. i think there is going to be a strong basis for a good working relationship. >> have you started discussions with him? >> i talked to him several times. he is aware of what i'm trying to do. he just become chairman. i look to work with him even more when we work forward. >> speaker called this beginning of a conversation. you see the way i it is billed in number of different outlets. call this the republican tax reform plan. is this republican tax reform plan. >> look, there is a lot of bipartisan ideas i
. >> you were working with senate finance committee chairman max baucus who has been sent to china, u.sdor to china. how much does him leaving, does the president in a way kill chances of tax reform send your top democratic partner overseas? >> looks, things change in politics. i have a lot of respect for senator baucus but has a new responsibility. i know senator ron wyden from being in the house. he introduced compromise tax reform bills in two previous congresses and done that...
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Feb 6, 2014
02/14
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max next rose to become chairman of the senate finance committee. as chairman, max didn't have the luxury of not getting the job done. now, the finance committee has been home to some of our nation's hardest working senators and greatest examples of bipartisanship because failing to support critical programs like social security and medicare is simply not an option. on the finance committee you can't sit back and throw stones. have you to role up your sleeves and find common ground and get the job done. that's what max did. he passed legislation to reduce americans' tax burdens, improve children's health and most recently, to reform our nation's broken health care system. max's penchant for hard work and thoughtful, independent-minded leadership stems from another great montanan aand i both admire, former senate majority leader mike mansfield. max melt mike as a teenager and for many montanans of today, myself included, max connects us to mike's legacy as a champion for the greater good, as a champion for putting service and sacrifice well before sel
max next rose to become chairman of the senate finance committee. as chairman, max didn't have the luxury of not getting the job done. now, the finance committee has been home to some of our nation's hardest working senators and greatest examples of bipartisanship because failing to support critical programs like social security and medicare is simply not an option. on the finance committee you can't sit back and throw stones. have you to role up your sleeves and find common ground and get the...
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Feb 3, 2014
02/14
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CNBC
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he's being talked about as the next senate finance committee. eform agenda that he says will start with working together from both sides of the aisle. joining us now is state senator ron wyden. good morning. >> thanks for having me. >> the question is whether both parties -- whether both parties are bipartisan enough to actually push them through. when it comes to the debt, what do you think is really going to happen. >> i do think we'll get a clean debt ceiling bill. i just think people understand the consequences for the economy would just be so serious if that wasn't the case. what we have to do is build on the kind of work that you saw patty murray and paul ryan do recently on the budget. that's what senator greg and i and senator coats and senator bagich have done with tax reform. that is what's important this morning. we saw another story on the front page of the paper saying how middle class is getting hammered, the fancy refrigerators, dishwashers and ovens are selling but the middle class is having trouble buying vehicles, homes and the
he's being talked about as the next senate finance committee. eform agenda that he says will start with working together from both sides of the aisle. joining us now is state senator ron wyden. good morning. >> thanks for having me. >> the question is whether both parties -- whether both parties are bipartisan enough to actually push them through. when it comes to the debt, what do you think is really going to happen. >> i do think we'll get a clean debt ceiling bill. i just...
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Feb 26, 2014
02/14
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joining us senator john thune, chairman of the senate republican conference and member of the senate finance committeenator, nice to have you back on the program. >> good morning, jenna. nice to be with you. jenna: a lot of criticism of president's use of executive actions and push on the economy as we mentioned. do something different today for viewers and not go down the path of criticism and talk about the republican plan. the president is traveling all over the country. what is the republican plan? what are your major themes when it comes to job growth and the economy. >> for one thing we would do right away, jenna, and i think it is ironic the president is traveling to minnesota today because his medical device tax in obamacare is costing thousand of jobs in a state where they employ literally 30,000 people empty medical device manufacturing business. so we would repeal that. we actually got 79 votes in support of repealing the medical device tax last year in the budget, which included 30 democrats. there is bipartisan support for it. the president issued a veto threat on that. the best thing for
joining us senator john thune, chairman of the senate republican conference and member of the senate finance committeenator, nice to have you back on the program. >> good morning, jenna. nice to be with you. jenna: a lot of criticism of president's use of executive actions and push on the economy as we mentioned. do something different today for viewers and not go down the path of criticism and talk about the republican plan. the president is traveling all over the country. what is the...
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Feb 4, 2014
02/14
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joe senator rob portman is on the senate finance committee. how are you.et's taken a step at a time. the president said not a smidgen of corruption. what do you think of that comment. >> i can't believe the president of the united states in the midst of this investigation is predetermining the evidence by saying there is not even a smidgen of corruption. we had conservative groups targeted because of their political affiliation. groups came too me and said what's going on here. we are not able to get our 513-c4 status. we found out they had reason to believe this was going on. there is definitely more than a smidgen. there is a lot of evidence of serious corruption is not too strong a word. for the president to say there is nothing here is unbelievable. bill: you bring up the cincinnati connection. here are the word he used with o'reilly. there were some bone-headed decisions out of a local office. >> our hometown of cincinnati were involved in this, there were bone-headed decisions but that doesn't mean they were made without a deliberate attempt to targe
joe senator rob portman is on the senate finance committee. how are you.et's taken a step at a time. the president said not a smidgen of corruption. what do you think of that comment. >> i can't believe the president of the united states in the midst of this investigation is predetermining the evidence by saying there is not even a smidgen of corruption. we had conservative groups targeted because of their political affiliation. groups came too me and said what's going on here. we are not...
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Feb 27, 2014
02/14
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the senate foreign relations committee, the senate finance committee approved the sergei magnitsky rule of law accountability act as a global act, applying beyond russia. now, sergei magnitsky was a young lawyer who discovered corruption in russia. he did what he should do, told the authorities about it. as a result, he was arrested, tortured and killed because he did the right thing. so we took action to make sure that those responsible could not benefit from that corruption. that was the sergei magnitsky bill. we felt, though, that it should be a tool available universally. well, we had to compromise on that. it was limited to russia. it's time to change that. along with senator mccain, i have introduced the global human rights accountability act, s. 1933. it has several bipartisan sponsors. it would apply globally, so yes, i would apply -- it would apply to the ukraine. it would have congressional sanctions to the use of the tools of denying visa applications and our banking privileges to those who are responsible for these atrocities. i believe our colleagues understand how importan
the senate foreign relations committee, the senate finance committee approved the sergei magnitsky rule of law accountability act as a global act, applying beyond russia. now, sergei magnitsky was a young lawyer who discovered corruption in russia. he did what he should do, told the authorities about it. as a result, he was arrested, tortured and killed because he did the right thing. so we took action to make sure that those responsible could not benefit from that corruption. that was the...
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Feb 18, 2014
02/14
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FOXNEWSW
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>> this week he could become the chairman of the senate finance committee, replacing senator max baucus. that is the tax-writing committee. he would become the top tax person in the united states senate. this deals with tax and handing out money. he is a powerful guy. bill: powerful indeed. didn't chuck schumer have an idea like this couple years ago? >> 2009 this proposal was raised at that point by senator charles schumer and his suggestion was, $500 to every child born in the united states that money would go towards college or towards a house, or towards eventual retirement. bill: where does the money come from? >> taxpayers. bill: taxpayers, right? >> federal taxpayers. you and i bill, would fund a handout of money, $500 per child, but, we don't know where that money would be invested. this is just a proposal at this point. no details. it could go into united states treasurys for example. that would mean a very low rate of return. it could go into the stock market but that would put the government as an active investor in stocks. bill: two more quick things. can this pass? >> look
>> this week he could become the chairman of the senate finance committee, replacing senator max baucus. that is the tax-writing committee. he would become the top tax person in the united states senate. this deals with tax and handing out money. he is a powerful guy. bill: powerful indeed. didn't chuck schumer have an idea like this couple years ago? >> 2009 this proposal was raised at that point by senator charles schumer and his suggestion was, $500 to every child born in the...
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Feb 6, 2014
02/14
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senate. he has been chairman of the finance committee.ment and public works committee. he is a very long-time member of the agriculture committee, which by the way he got on there on a temporary basis many, many decades ago and has never left. as chairman of the senate finance committee, he was instrumental in developing landmark legislation, lots of it, but the most significant law passed in a long time in this body was the landmark health care reform bill, the affordable care act, which is saving lives and a lot of money for american taxpayers. he has been a long-time advocate for the children's health insurance program. he worked on that with a number of people, not the least of which senator orrin hatch of utah. while senator baucus is well known nationally for his tireless work on tax reform and of course public works projects because of his spot on the environment and public works committee, i think the most important thing that montanans will always remember about him is he always put montanans first. he is an avid hunter and fishe
senate. he has been chairman of the finance committee.ment and public works committee. he is a very long-time member of the agriculture committee, which by the way he got on there on a temporary basis many, many decades ago and has never left. as chairman of the senate finance committee, he was instrumental in developing landmark legislation, lots of it, but the most significant law passed in a long time in this body was the landmark health care reform bill, the affordable care act, which is...
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Feb 18, 2014
02/14
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democrat senator ron white is about to become the top guy on the senate finance committee, the top tax0 put into an account or every single newborn baby in the united states of america. what do you think about that? ♪ [ male announcer ] nearly 7 million clients. how did edward j get so big? t me just put this away. ♪ could you teach our kids that trick? [ male announcer ] by not acting that way. it's how edward jone makes sense of investing. >> oh, watch out below, waste management posted a loss. disappointing forecast, you know what that means? the stock is down 4%. then we have google just buying up a company that makes sound-based password systems. the stock just hit a high of 12.05. and a broken toilet seat and two hours spent in an airport. i'm not happy. my take is all about that and it will be at 10:25 this morning. oregon senator ron wyden perhaps giving every newborn $500 in the way of a savings account and his way of fighting poverty. charles, what do you make of this? he says it's the way to fight poverty. give every newborn $500 and goes into an account in their name for ho
democrat senator ron white is about to become the top guy on the senate finance committee, the top tax0 put into an account or every single newborn baby in the united states of america. what do you think about that? ♪ [ male announcer ] nearly 7 million clients. how did edward j get so big? t me just put this away. ♪ could you teach our kids that trick? [ male announcer ] by not acting that way. it's how edward jone makes sense of investing. >> oh, watch out below, waste management...
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Feb 27, 2014
02/14
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FOXNEWSW
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martha: south dakota republican john thune is on the senate finance committee and chairs the senate republicanonference. senator, thank you, a pleasure to have you with us this morning. >> good morning, martha. of the nice to be with you. martha: what was your reaction when you heard what mary reed said. >>> it was pretty astonishing the majority leader of united states senate and get on the floor and call americans liars. it was offensive to me and people i represent and insult to hard-working people all across the country suffering as a consequence of this bad law. martha: why do you think he said it? >> i think they're very frustrated. they are getting all these bad stories coming in. you got millions of people who had their coverage canceled. you had millions of people who have seen premiums go up. millions of people who lost their doctor. more recently this last w medicare advantage program, millions of seniors who are having stories coming out about premiums going up and losing coverage. so it is a really bad story. i think they would like to just live in denial or something but the real
martha: south dakota republican john thune is on the senate finance committee and chairs the senate republicanonference. senator, thank you, a pleasure to have you with us this morning. >> good morning, martha. of the nice to be with you. martha: what was your reaction when you heard what mary reed said. >>> it was pretty astonishing the majority leader of united states senate and get on the floor and call americans liars. it was offensive to me and people i represent and insult...
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Feb 13, 2014
02/14
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>> that's my understanding, that there is a on investigation going on by the senate finance committee, the permanent subcommittee on investigations, this committee of the house oversight committee, the justice department, and the fbi, and the inspector general. and i think that adds up to 6. >> and at this point in time, none of these investigations have offered a report, have completed a report, is that correct? >> that's correct. >> that you're aware of. >> okay. i'm not aware of any of those, either. and i thank you for chronicling those investigations. the other thing that i thought i heard you say but i wanted to clear fie that, as well is you said they are evaluating 501 cs, or is that just the 501(c)4 that's being looked at right now for potential changes in regulation? >> when the draft regulations were prepared before my hearing the request for comments, included several things. what should be the definition of political activity. to what organizations should that definition supply, whether just the c4s and beyond that and what percentage of political activity would disqualif
>> that's my understanding, that there is a on investigation going on by the senate finance committee, the permanent subcommittee on investigations, this committee of the house oversight committee, the justice department, and the fbi, and the inspector general. and i think that adds up to 6. >> and at this point in time, none of these investigations have offered a report, have completed a report, is that correct? >> that's correct. >> that you're aware of. >> okay....
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Feb 13, 2014
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the tough decision has to be made in conjunction with our colleagues on the senate finance committee and all the members i have to say on both committees but we need to have the revenues necessary to support a long-term surface transportation reauthorization. we have to recognize the realities of the current revenue flow into the transportation trust fund is inadequate because it's based upon the gasoline task in the -- gasoline task and the gasoline tax with regard to the use of gasoline alternative ways so we need to look at ways we can have an adequate source. i would hope we would be open to things such as using carbon fees or other ways to get the revenues necessary. i know transportation is a bipartisan issue and senator inhofe has been one of the great leaders moving forward on infrastructure. senator vitter also strongly supports this so let's try to find a way to get the revenues that are adequate so we can have transportation reauthorization that is befitting the record of this committee and befitting our country. >> senator thank you and you raise a good point. a few of our
the tough decision has to be made in conjunction with our colleagues on the senate finance committee and all the members i have to say on both committees but we need to have the revenues necessary to support a long-term surface transportation reauthorization. we have to recognize the realities of the current revenue flow into the transportation trust fund is inadequate because it's based upon the gasoline task in the -- gasoline task and the gasoline tax with regard to the use of gasoline...
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Feb 20, 2014
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chairman camp of the house ways and means committee and chairman baucus, former chair of the senate finance committee, have been doing on corporate tax reform, and if you look at those proposals, there's a -- there's actually a -- a savings -- or a dividend, if you will, that comes through, through doing that, and we believe that some part of that dividend could be used to support infrastructure over a multiyear time frame. there's paper on those ideas and concepts that have been produced out of congress. and we think it's a good framework for getting past some of the gridlock that's been in place over this issue for a while. >> mr. secretary, i know your time with us is up. thank you so much f cabineter member of the tom vill sack spoke in and annual outlook forum hosted by his apartment. he spoke about his appreciation for farmers and their work in the agriculture industry. x there has to be much greater appreciation for producers feedally and for those who us. every single person in this audience who is not a farmer has the luxury not to be a former in this country. -- a farmer in this country. th
chairman camp of the house ways and means committee and chairman baucus, former chair of the senate finance committee, have been doing on corporate tax reform, and if you look at those proposals, there's a -- there's actually a -- a savings -- or a dividend, if you will, that comes through, through doing that, and we believe that some part of that dividend could be used to support infrastructure over a multiyear time frame. there's paper on those ideas and concepts that have been produced out...
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Feb 5, 2014
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>> there is an investigation going on by the senate finance committee on investigations into this committee about the oversight committee, the justice department and the fbi and the inspector general and that adds up to six. >> at this point in time, none of the investigations have offered a report or completed a report; is that correct? i'm not aware of any of those either and i thank you for chronicling those investigatio investigations. the other thing i thought i heard you say that i wanted to clarify as always you said that they evaluating the 501(c)3. is that for all of the 501 or the 501(c)4? >> several things, what should be the definition of the political activity, to what organizations showed that the definition of light, not just whether it should be just a gleaso501(c)4 or beyond that ant political activity would disqualify you from tax exemption. one of the questions on which people are providing the comments is whatever the definition of political activity, to what organizations of the definition applied. >> so the 501(c)5 would be included? >> i have not looked at the comment
>> there is an investigation going on by the senate finance committee on investigations into this committee about the oversight committee, the justice department and the fbi and the inspector general and that adds up to six. >> at this point in time, none of the investigations have offered a report or completed a report; is that correct? i'm not aware of any of those either and i thank you for chronicling those investigatio investigations. the other thing i thought i heard you say...
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Feb 11, 2014
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department and the congressional investigations by the house ways and means committee and the senate finance committee into the i.r.s. actions are complete. the bill freezes further i.r.s. action for one year and would make it clear that the i.r.s. can only enforce the regulations that were in place before all this mess began. it is no wonder, no wonder, given the i.r.s.'s behavior, that kansans and virtually every american, with every good reason, doubt that the agency can in good faith administer not only this but the tax code. clearly the i.r.s. has no capacity to regulate any political activity without running roughshod over the people's fundamental constitutional rights. i have said this many times. but the scandal also shows the i.r.s. is too big, too intrusive and too involved in taxpayers' business. the final for us to scale it back is now. in fact, it's easily the most distrusted agency in the federal government. that's a shame. the i.r.s. has become a four-letter word. this growing lack of faith in the i.r.s. is a very strong reason why congress should consider a wholesale rewrite of the tax
department and the congressional investigations by the house ways and means committee and the senate finance committee into the i.r.s. actions are complete. the bill freezes further i.r.s. action for one year and would make it clear that the i.r.s. can only enforce the regulations that were in place before all this mess began. it is no wonder, no wonder, given the i.r.s.'s behavior, that kansans and virtually every american, with every good reason, doubt that the agency can in good faith...
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Feb 27, 2014
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we are working with the committees, working with the senate finance committee as well and the other committeeswe have four congressional once going forward. >> and i appreciate that. >> and we want to satisfy them that they have the information they need to reach the determination they are making about the determination process. >> let me tell you why i think it is important. it is not important in terms of who did what to who or who shot the sheriff. it is important in terms of looking at this action and going. was this a flaw in the regulation, or was this something out of the ordinary? to listen to this today, yeah we are changing the regulation. not you, but generally. i think it is important in terms of examining how the existing regulatory body was working before this latest issue came up, not in terms of who got caught doing whatever. so with that, i thank you and look forward to visiting with you. thank you, mr. chairman, and i yield back. >> let me say a couple of things to make sure we have claret. the regulation was drafted pursuant to an after the -- pursuant to and after the i.g.
we are working with the committees, working with the senate finance committee as well and the other committeeswe have four congressional once going forward. >> and i appreciate that. >> and we want to satisfy them that they have the information they need to reach the determination they are making about the determination process. >> let me tell you why i think it is important. it is not important in terms of who did what to who or who shot the sheriff. it is important in terms...
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Mar 1, 2014
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he needs to make his decisions so we are working with the committees and working with the senate finance committee as well and the other committees. we have four congressional ones going forward. we want to satisfy them that they have information they need to reach the determination about the determination process. >> it's nonimportant terms of who did what to who or who shot the sheriff. it's important terms of looking at this regulatory proposed action and was this a flaw in the regulation or was a something out of the ordinary for purposes because i mean to listen to this today it's like yeah we are changing regulations. not you but in general. it's important in examining how the regulatory body was working before this latest issue came up not in terms of who got caught doing whatever so with that i think you and i look forward to visiting with you and thank you mr. chairman and the yield back. >> let me make -- say couple of things to make sure we have clarity. the ig report was in, my understanding had been underway when the irs acknowledged that it in fact had been inappropriately highlighti
he needs to make his decisions so we are working with the committees and working with the senate finance committee as well and the other committees. we have four congressional ones going forward. we want to satisfy them that they have information they need to reach the determination about the determination process. >> it's nonimportant terms of who did what to who or who shot the sheriff. it's important terms of looking at this regulatory proposed action and was this a flaw in the...
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Feb 4, 2014
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senate finance committee formally requested on behalf of obama that -- president obama that congress renew t.p.a. through most of 2013 i worked with chairman baucus and chairman camp of the house ways and means to craft a bipartisan bill to renew t.p.a. that could pass through both houses and the senate. we introduced introduced the bill in january. last week in the state of the union address president obama asked congress to pass t.p.a. legislation so his administration could complete negotiations on two very ambitious and important trade agreements. while i thought president obama could have spoken more forcefully on this matter, his call for t.p.a. renewal was clear and unambiguous. yet so far call appears to be going unheeded since -- should i say among democrats in the senate. why is t.p.a. so important? trade promotion authority. i think some additional context is necessary here. the administration is currently in the midst of negotiations on the trans-pacific partnership or t.p.p., an asia pacific trade agreement between the united states and 12 other countries including some
senate finance committee formally requested on behalf of obama that -- president obama that congress renew t.p.a. through most of 2013 i worked with chairman baucus and chairman camp of the house ways and means to craft a bipartisan bill to renew t.p.a. that could pass through both houses and the senate. we introduced introduced the bill in january. last week in the state of the union address president obama asked congress to pass t.p.a. legislation so his administration could complete...
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we are working with the senate finance committee as well.e have for congressional ones going forward. to satisfy them that we have the information they need about the process. >> let me tell you why it's important. it's not important in who did what to whom or who shot the sheriff. it's important in the thing at this regulatory action and going, was this a flaw, or was this out of the ordinary? to listen to this, yes, we are changing the regulation. it's not you, but it's general. i think it's important and examining how the existing regulatory body was working before this came up, not in terms of who got caught. toh that, i look forward visiting with you, and i yield back. >> let me say couple of things to make sure we have clarity. the regulation was drafted pursuant to the report. my understanding had been underway when the irs fact had beent in inappropriately highlighting organizations for review of the 503 c4 area. the investigation had been going on for some months, and the draft of the regulation was a but it's right. we need to prov
we are working with the senate finance committee as well.e have for congressional ones going forward. to satisfy them that we have the information they need about the process. >> let me tell you why it's important. it's not important in who did what to whom or who shot the sheriff. it's important in the thing at this regulatory action and going, was this a flaw, or was this out of the ordinary? to listen to this, yes, we are changing the regulation. it's not you, but it's general. i think...
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Feb 7, 2014
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. >> he has written a follow-up piece on the irs saying that the senate finance committee will be unable to complete a bipartisan investigation into the irs controversy. -- utah republican would approvedation was today. you can weigh an eye visiting our facebook page or comment on twitter. here is what some viewers are saying. the irs targeted both conservative and liberal groups. issa refuses to knowledge that. she says, impressive and significant testimony indicting the irs and obama. facebook.com is where you can comment. now, onto the house oversight subcommittee hearing on the irs. the justice department attorney declined to appear. members her from conservative groups claiming to be victims of politicized irs harassment. the chair is jim jordan, the ohio republican. applied for tax exempt status. our live coverage getting under way right here, right now, on c-span 3. >> committee will come to order. i want to welcome our witnesses today. have to put up with a couple opening statements from myself, mr. cartwright. we'll swear you in and get to your testimony. we'll get to you just a
. >> he has written a follow-up piece on the irs saying that the senate finance committee will be unable to complete a bipartisan investigation into the irs controversy. -- utah republican would approvedation was today. you can weigh an eye visiting our facebook page or comment on twitter. here is what some viewers are saying. the irs targeted both conservative and liberal groups. issa refuses to knowledge that. she says, impressive and significant testimony indicting the irs and obama....
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Feb 21, 2014
02/14
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chairman kemp of the house ways and means committee and chairman bachus, former chair of the senate finance committee, had didn't doing on tax reform and if you look at the proposals there's actually a savings that -- or dividend that comes through doing that, and we believe that some part of that dividend could be used over a time frame there's paper on those ideas and concepts that have been produced out of congress, and we think it's a good framework for getting past some of the gridlock that's been in place over this issue for a while. >> mr. secretary, i know your time with us is up. thank you so much for your generous time and your thoughtful comments. please join me in thanking secretary fox x and we'll have you back. >> here's a look at tonight's primetime lineup on the c-span networks. on c-span at 8:00 eastern, debate over what is so great about america, with conservative author desousa and liberal activist bill ayers. booktv with author bonnie morris, and a look at the lives of thomas jefferson at 8:00 p.m. eastern. new jersey governor chris christie held a town-hall meeting to talk to res
chairman kemp of the house ways and means committee and chairman bachus, former chair of the senate finance committee, had didn't doing on tax reform and if you look at the proposals there's actually a savings that -- or dividend that comes through doing that, and we believe that some part of that dividend could be used over a time frame there's paper on those ideas and concepts that have been produced out of congress, and we think it's a good framework for getting past some of the gridlock...
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Feb 3, 2014
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the senate finance committee chairman max baucus and senator orrin hatch have sponsored legislation in the senate, the id says heeader re won't guarantee full time for the proposal. we will learn more about this meeting later today when the secretary jay carney -- press secretary jay carney reeser reporters at the white house. c-span is covering the event. those are some the latest headlines on c-span radio. >> i was in a car wreck that i wrote about extensively in my book. the whole time i was in the hospital, not injured really -- i had a cut on my leg and a broken ankle -- i was praying that the other person in the car would be ok, and that -- and the other person in the car was one of my best friends. which i didn't know, i didn't really recognize that at the site of the crash but i think that because i prayed over and over and over for him to be ok and he wasn't, i thought that was not listening, my prayer wasn't answered. i went through a long time of not believing and not believing that prayers could be answered i didn't need a lot of time and growing up to come back to face --
the senate finance committee chairman max baucus and senator orrin hatch have sponsored legislation in the senate, the id says heeader re won't guarantee full time for the proposal. we will learn more about this meeting later today when the secretary jay carney -- press secretary jay carney reeser reporters at the white house. c-span is covering the event. those are some the latest headlines on c-span radio. >> i was in a car wreck that i wrote about extensively in my book. the whole time...