senator bernie saners chairman of the budget committee, ron wyden chairman of the finance committee, cory booker, patty murray, brian schatz the house members attending the meeting of the liberal groups were congresswoman pramila jayapal, congressmen jim mcgovern the chair of the rules committee,

wyden: reserving the right to object, mr. president. the presiding officer: the senator from oregon. mr. wyden: thank you, mr. president. let's understand exactly what's at issue here. jonathan davidson has been nominated to be the deputy under secretary for legislative affairs. in that particular role, he would not be directly involved in decisions over sanctions, number one. number two, when it comes to nord stream 2, the biden administration, to their credit, has recognized the threat from russia but also that the pipeline is nearly complete and the trump administration failed to stop the construction. everything my colleague from texas is raising his concerns about nord stream 2 is already happening with another pipeline turk stream 2, and my colleague is aware of this. he's been briefed repeatedly. now, for those who don't have access to the same kind of information that my colleague has, gas is already being diverted from ukraine into europe through turk stream 2 because the past administration did nothing about that pipeline eith

look, senator wyden m.hose that are second quarterful and you can't give up on this, even though so far the house, including some democrats, have rejected this. i expect them to continue with it, but, look, all those issues that were just outline, very complex, different to value. are you going to give checks back when valuations go down by the way, none of this is needed in any way to help grow the economy in the u.s so -- but it's still very much alive, as are the bank surveillance issues and a number, i think, of misguided provisions in these tax hikes. >> we have talked over the years about trying to step up enforcement in the context of gives more resources not i.r.s there's some items that suggest there's some $6 billion of money that annually doesn't come to the taxpayer that should you appear to be skeptical of both of those numbers, but more importantly really any attempt by the i.r.s. to collect why? >> i do agree, everyone should pay their fair share in taxes. i bo believe there is a tax gap. i t

the wydens pitched in with senior citizens. will say when you look fog forward at qualifications and in the employment relations board which adjudicate disputes over labor practices and employment law in my home state. she has brought stellar impartiality. she decided over 200 cases and her impartiality and justice, and i take this because i heard comments about my good friend judge graber. she follows in that graber mold of academic excellence and impartiality. finally ms. sung's qualifications and her experience really stand as i stated on their own. her nomination and her eventual confirmation is also going to help make the courts look a little more like america, a little more representative of what our great nation is all about. i offer a full and unqualified endorsement of my neighbor, jennifer sung, to be president biden's nominee to serve on the court of appeals for the 9th circuit. >> thanks, senator wyden and now from the same neighborhood, senator merkley. >> thank you, and thank you senator grassley and the opportuni

this morning we met with chairman wyden and neil. to have benefited her wisdom and judgment in the discussions that we have from the university of california the white house, the house and the senate have reached an agreement on a framework that will pay for any final negotiated agreement. so the revenue side of this we went further because of some specifics if we are in a situation there are so many provisions what is affordable and what is effective. we made progress because it is in the writing. we are writing legislation. we always socialize what we are doing and see what works better and what the needs will be. we get more estimates for the proposal that the president has put forth to build back his vision for the country well beyond the bipartisan infrastructure framework. let me tell you we passed legislation to keep the government open to the debt ceiling. the congress has taken up a tradition of having to vote on that and there is doubt as to whether that should be the case but in the here and now we put forth a proposal. th

they cannot be here and senator wyden and barclay were going to come from oregon for the incredible work that they do as well. here at the national interagency national it is designed to coordinate the resources to fight wildfires. i'm here to hear what's on your mind and what more i should be doing and my administration should be doing to try to help. this year as you pointed out 44 wildfires, 5.4 million acres burned. that's larger than the entire state of new jersey. they can't understand how big the west is. the more acreage is burned in the entire state of new jersey. california 2.2 million acres this year already and god knows how many lives were lost. what people are beginning to realize is to risk your lives to do it. i've had a lot of international meetings with our colleagues around the world. just go around the world. so folks, look, we are in a situation where too many memorials had been held. to provide for pay bonuses and incentives for every firefighter. they should make a heck of a lot more. at least $15 an hour. and i'm committing to work with congress to raise the pay g

the first is a 2% excise tax on stock buybacks that bill is sponsored by senator sherrod brown and wydenoughly $100 billion over a decade the senators say the goal is to prevent abuse and tax avoidance. now the second focuses on closing loopholes for pass-through entities like partnerships this from senator wyden who says the irs has a tough time enforcing the complicated rules surrounding them and wants to prevent partnerships from shifting incomes and tax liability. these adjustments could raise $172 billion over a decade without technically increasing taxes. neither of these ideas was part of president biden's framework for the spending package senate democrats have been considering a broader list of options like these in order to raise revenue. kelly, the deadline for democrats on the spending and tax package is september 15th. some lawmakers are saying that timing could slip. back to you. >> i think people in markets don't know whether to take this as a real threat or not. what are you hearing in terms of the likelihood we could see something like the buyback tax passed >> reporter:

and senator ron wyden the chairman of the senate cracks already committee, the finance committee.nd said quote i think there is more work to do to flush this out but i think we're making progress >> this is one of those rare instances if not the only instance and where the chairman of the senate finance committee is actually advocating a more liberal package of tax increases then the chairman of the house [inaudible] means committee. he's already drafted a proposal to raise 2.3 trillion dollars in new tax revenues. speaker pelosi was asked today whether she would deliver on the deal that she made with house moderates to bring the bipartisan infrastructure bill. that is already been passed by the senate to a vote in the house on monday. >> we take it one day at a time we are confident that we would pass both bills. >> leading off our discussion tonight is the chairman of the house budget committee. mr. chairman thank you so much for joining us tonight, first of all i want to get your view of what we should be doing on the debt ceiling. >> as you said it makes no sense that we have

i look forward to working with my senator, ron wyden, who chairs the senate finance committee as we go back and forth and exploring opportunities to reconcile differences and have a product that we are all proud of. host: congresswoman jayapal says several progressives in the party are willing to vote against the 1.2 trillion bipartisan infrastructure package that could get a floor vote this coming monday. are you willing to vote against it? guest: i continue to support the approach we had that we would consider both the bipartisan infrastructure and package from the administration that the leadership is proposing. we can and should consider them both. we will start that process this next week. i stand firm in support of the arrangement that we had and hope we can do that. i attempt to avoid posturing in terms of absolute. i strongly support the approach we had that the two track is fair and will get the votes that it needs. we can do both. host: indiana, democratic color. you are on the air with the congressman. caller: hello. i think one of the biggest problems on why you are not get

the chairman of the ways and means committee is richie neal, the chairman on the senate side is ron wydenputting that -- eliminating that carried interest loophole into the reconciliation package. >> why isn't it in there? >> because it didn't come out of committee. so, look, i think it can still go back in potentially, the senate has not had its mark up, they will be negotiating without having committee meetings so we could see senator wyden, we could see somebody else pushing to get this in there. look, as we hear that they want to pay for the things in this bill to which i say, yes, we do want to and intend to pay for this entire bill, that things like the carried interest loophole, eliminating that are going to have to be on the table in order to fund the programs that the american people need. >> i don't work in government so i don't -- so to me when i look at this i say in business you might say take the billion dollar package and work on the other one next week. why is that not an option in washington? >> well, because in business, stephanie, what you're doing is you're working wit

senator wyden has a proposal on annual taxes on billionaires unrealized gains. is that a proposal you support? >> yes, i do. look, i support a lot of these proposals. we don't need all the things i support to pay for this but i do support that. look, if you get, if you file a w-2 form, the irs has access to your bank account and your bank tells you how much you make, what you have in there and they estimate your taxes. if you have no income, if you have no earned income and it's all investment income, it's hard to figure out what the hell -- excuse me, what the heck you have. that's why we have two, and i know some people don't like this. that's why we have to rehire some irs agents. and not to do anything, not to try to make people pay something they don't know. just say hey, step up. step up impaling anybody else does. look, i really mean this. my whole career, i come from the corporate state of america. i just think it's about just hang her fair share, for lords sake. we can argue whether not the core protection go back up to 26.5% or 28 or 24 but the idea th

thank you to senators wyden and merkley for your support and the very kind introduction.resident biden for the tremendous honor of this nomination i am humbled to be nominated to fill the seat for the honorable susan graber who serve the ninth circuit with the utmost integrity and distinction since 1998. here with me today are my wonderful husband, and our daughter a bringer of great joy i cannot think them enough. with me is my brother a proud army veteran. i think him for his service and his support throughout the process,. i'd also like to think on the family-friendly colleagues who cannot be here including my friend and my sister-in-law my nephews and niece my mother-in-law and my father-in-law who is 70 loss last year. into my parents, stephen and cheryl iowa special debt of gratitude and love for all they have given so jeff and i could pursue our american dream and finally to pay respects to all of my grandparents, each of whom face great challenges withll great courage and integrity. my family has a deep appreciation instilled in me how fortunate i am to be an amer

wyden: madam president. the presiding officer: the senator from oregon. mr.yden: madam president, today the senate is debating professor lily lawrence batchelder's nomination by president biden to serve as assistant treasury secretary for tax policy. i'm going to be brief, but i just want the senate to know ms. batchelder is an extraordinary individual and i think she will serve in an extraordinary way when she is confirmed. she's not a stranger to the senate, particularly for those of us who serve on the finance committee. from 2010 until 2014, she was chief tax counsel to then-chairman max baucus. members were working hard looking at ways to drive a broader economic recovery following a recession. it was also a time when members were interested in trying to drive a little bit of commonsense and i'll talk about this more in a minute -- to america's broken tax code. lily excelled in working with democrats and republicans to try to find common ground. she understood from the time she arrived at the finance committee that if you really want to tackle big challe

has a -- wyden wants to prevent partnerships from shifting income.on over a decade without technically increasing taxes, but already the business community is pushing the chamber of commerce says they obvious invest into growing any businesses and jobs. it's unclear if the democrats can meet their self-imposed deadline of writing this bill. one deadline they cannot avoid is september 30 to continue funding the government i'm hoping the hose hopes to have a short bill last through early december so they can get the other legislation done and completed before they have to deal with a government shutdown. back over to you. >> we'll pencil that in. thank you, ylan mui. >>> mike, why do you say buybacks wouldn't be derailed. no doubt they've been a huge force for the bull market the past few years they have helped boost salaries a lot of executives. >> first of all, if it happens, if you add up the numbers, a trillion in buyback is about the pace we've been running about. it's a 2% take, so i don't think it would change the ultimate motivation there's no

senator wyden has a proposal on annual taxes on billionaires gains. is that a proposal you support?resident biden: yes, i do, i support a lot of these proposals. i do support that. if you file a w-2 form, the irs has access to your bank account. your bank tells you how much you made and what you have in there and they estimate your tax. if you have no earned income, and it's all invested income, it's hard to figure what the heck you have. that's why we have to rehire some irs agents not to try to make people pay for something they don't know, just step up. i really mean this -- i come from the corporate state of america. i think it's about paying your fair share. we can argue whether the corporate text should go back up to 26.5% or 28 but the idea that 50 major corporations in america are making a sum total of $40 billion pay zero? come on. that's just wrong. it's just not fair. i think it's beginning to sink through the ether. i think there is clearly enough from a panoply of options to pay for whatever it is that folks decide to pay for. let me finish by answering the initial part

randy wyden gardener has actually fired all of unvaccinated employees and that's not educators but canll dance that could be accountants, those are the people that work in their offices. to me, i cannot be associated with any organization doing that. that is why i left the united federation of teachers. i encourage all teachers across the country if you are in the afp, this is a moral obligation. you cannot be associated with a group that is discriminating and segregating this disgusting, me i'm a progressive unionist, my my father was a brick layer. but i can't stand this organization. and so i have left and i encourage others to do the same. >> laura: michael, william, nathan eye-opening tonight. thank you and we will track this obviously. and what does anthony fauci and aoc have in common? my many "angle" will explain next. people everywhere living with type 2 diabetes are waking up to what's possible with rybelsus®. ♪ you are my sunshine ♪ ♪ my only sunshine... ♪ rybelsus® works differently than any other diabetes pill to lower blood sugar in all 3 of these ways... increases insuli

house ways and means richard is not on the same page with senate finance chairman ron wyden on how tolso heard from democrats in the house that have concerns that his light on the details at the moment on how exactly they will pay for the reconciliation package. elizabeth: hillary lawn thank you for your reporting, joining is now pennsylvania congressman guy reschenthaler. you just heard hillary vaughn's reporting, even for democrats democrats are saying why are you rushing this through why are you rushing tax hikes it's inflation stupid to put a twist on james karl's phrase. biden faces a result in his own party. >> absolutely he does thank you for having me young, please just call me guy. it's so insidious that we have out-of-control inflation, inflation is the real tax on the middle class and working class because if you're on a fixed income or you're not a position where you can adjust spending it hurts you and if you are somebody that is wealthy and you don't go on a second or third vacation or you don't buy the range rover you can afford to take the hit that the working class ca

also make sure your keep an eye in the senate on ron wyden, sherrod brown, two big figures they're tryinggure out their own tax proposals. i am going to give you the name of someone who i am very much watching now going forward, stephanie murphy. she's a democrat from florida. she is a moderate, head of the moderate blue dog coalition. she really made some waves last week during a markup, where she expressed some concerns with this reconciliation package. she didn't vote for a piece of it, saying she needed more time to review it, and time is something that democrats do not have right now. they are really working towards that symptom or -- that september 27 deadline, where that infrastructure has to start being considered in the house. tom: that is so important here, congresswoman murphy being a vietnamese is really considered to be the future of the moderates of the democratic party. lisa: at a time of waning popularity for president biden. i want to know how that plays into this debate of the stimulative aspect of reconciliation versus the taxation side of it. this is what markets have

wyden's proposal expected to get some push back >>> jim bullard is speaking about rolling back the massive stimulus program the feds should move forward with a plan to begin winding down that program dismissing concerns the labor market recovery is faultering a bit following friday's disappointing jobs number. there is plenty of demand, bullard argues, for workers. there are more job openings than there are unemployed people seeking work in the united states the jolts number, job opening labor turnover survey, we'll get more on that the union representing american airlines pilots says it is making plans to protest the airline at its major hubs this fall the union cites over things like scheduling, fatigue, a lack of hotels for crews, potential for more summer moves. the union representing southwest pilots by the way said it is considering a similar move over those similar issues unions for both airlines' flight attendants have complained about the problems as well >>> let's get back down to the markets and your money as bubbling concern about a potential correction linger out there. morgan

democrats are weigh ing several ideas from senator ron wyden introducing proposals for market to market taxes and derivatives and carried interest they don't pay taxes on a claim of -- they can claim a deduction, i should say, for losses until they sell a position wyden's proposal facing a push back you saw in the article manchin saying it was about 1 -- he'll go from $1 trillion to $1.5 trillion. >> he's being more specific about it he says not 3.5. >> not 3.5 i thought he would go three, four >> depending on what goes. >> all right i want to work on you -- >> which which issues >> work on you with just the idea that you might like -- we were talking about weber grills and you were out i'm not sure what andrew's got out on the -- >> terrace. >> balcony. >> fire hazard some electrical thing. >> we don't have a balcony we just open the window. >> do you have a grill >> in the great city of new york we have no grills. >> so, i mean, doesn't that take a lot of really good things in the summer off the table for you? isn't that an inducement, maybe i'd like my own parking space, out there --

transactions are how etfs manage their portfolios make sure their prices follow the market senator wyden these investments. it's basically to raise money. it's bad policy. it will punish investors, people who are trying to invest for the long term will see tax bills every year they will see more taxes this is going to discourage them from doing long term investing this is exactly the wrong type of policy we need right now. we should be encouraging people to buy and hold, save for the long term, save for their retirement and education it's also going affect middle income americans $125,000 is the median income of 12 million american families that own etfs. in 92% of them have incomes below $400,000 which is joe biden's line for not raising tax. this is bad policy >> you know, tom, this isn't the only tax proposal that affects the financial business biden wants to boost the capital gain trade which is now top rate 206% how would that proposal affect etfs >> well, one key thing high tax rate will go to 37 and 39.6 but if you're making more than a million dollars they are talking about boost

senator bernie saners chairman of the budget committee, ron wyden chairman of the finance committee, cory booker, patty murray, brian schatz the house members attending the meeting of the liberal groups were congresswoman pramila jayapal, congressmen jim mcgovern the chair of the rules committee, congress woman kathrine clark, congresswoman babara lee, and congressman mark pocan. after that meeting pramila jayapal released a written statement that the majority of our 96 member caucus will only vote for the small infrastructure bill after the build act passes. the bill congress woman pramila jayapal is now calling the small infrastructure bill is not the largest infrastructure bill in history, and has already passed the senate with a bike artisan vote. this afternoon senator bernie saners feature to read a statement with ten other democratic senators saying we . the ten democratic senator joining is kirsten gillbrand senator, mazie hirono, senator ed markey, senator alex padilla, senator tina smith, senator jeff merkley, brian schatz,. that written statement of the senators reminded a

senator bernie sanders chairman of the budget committee, ron wyden chairman of the finance committee, senator cory booker, and others. the house members attending the white house meeting of the liberal group were congresswoman pramila jayapal, congressman jim mcgovern the chair of the rules committee, congresswoman katherine clark, kr congresswoman barbara lee and congressman mark pocan. after that meeting a written statement saying quote a majority of our 96 member caucus will only vote for the small infrastructure bill after the build back better act passes. the bill the congresswoman is now calling the small infrastructure bill is actually the largest infrastructure bill in history and has already passed the senate with a bipartisan vote. this afternoon senator bernie sanders issued a written statement with the support of ten other democratic senators saying, quote, we strongly support the congressional progressive caucus and other members in the house who have said they intend to vote for the bipartisan infrastructure bill only once the build back better act is passed. the ten dem

senator wyden has a proposal on annual taxes on billionaires on realized gains. is that a proposal that you support? >> yes, i do. look, i support a lot of these proposals. we don't need all the things i support to pay for this. but i do support that. look, you -- if you get a -- if you file a w-2 form, you know, the irs has access to your bank account, and your bank tells you how much you made, what you have there, and they estimate your tax. well, if you have no income, you're just -- it's all -- i mean, if you have no earned income, and it's all invested income, it's hard to figure out what the hell -- excuse me, what the heck you have. and that's why we have to -- and i know some people don't like this. that's why we have to re-hire some irs agents. and not to do anything -- not to try to make people pay something they don't owe, just say, hey, step up. step up and pay like everybody else does. look, i really mean this. and my whole career, and i come from the corporate state of america. i just think it's about just paying your fair share, for lord's sake. we

and i'm sitting down with senator wyden who's spent a lot of time on this topic.hese are, particularly this last one, it is a great political comment to say we need to make sure billionaire pay their fair share, doing it in a way that doesn't screw up our overall system and doesn't make sure that that next entrepreneur says i'm not going to build in america, i'm going to build in canada. there could be unforeseen consequences. i think we've got to work this through. >> i'm hearing a lot of possible compromises in there. really interesting. i got to ask you this, senator cassidy told my colleague chuck todd yesterday that one reason he's against raising the debt ceiling is because it includes the trillions of dollars of infrastructure and chuck said -- and i would -- i've always thought that you're paying past debts, not future legislation, which is it? >> well, i like bill cassidy. he was a great partner on the infrastructure bill, the bipartisan infrastructure bill, but on this one senator cassidy is not right. all we're doing with raising the debt ceiling, is we

from senator elizabeth warren, adding, i agree with ron wyden. we need to pass a bill that ensures that billionaires and corporations are paying their fair share. a wealth tax and my real corporate profits tax are to bang ways to get that done. representative cossey or cortez saying, after a year -- it goes on from there as far as her statements, as far as what she said about taxation. those are democrats primarily on this. we will hear from republicans in a little bit. here in pennsylvania. the head. -- harry in pennsylvania. go ahead. caller: about the tax rate people pay, if you look at that again, if you have an increase in the value of your stock, you don't pay anything on that because you the stock go down. your tax rate on that presentation was showing that the tax rate to gain on the stock, if you look at their actual income your numbers are wrong. host: again, the analysis is other people's analysis, but go ahead. caller: they are counting gains on stocks and holdings that are unrealized. you have to sell the stock to get that money. tho

a lot of these offsets higher tax individual level higher taxes for corporations new fees senator wyden this through. >> republicans are united against 3 1/2 trillion-dollar bill altogether the question for democrats whether or not they can put together the votes to get anything done, and as you pointed out pretty well on your program, you have a pro pales increase on corporate tax rate increasing individual tax rated going after u.s. companies with foreign earnings, and whether or not democrats at the end of the day can put together the votes to get something done. it is tough with 50-50 senate, and joe manchin kirsten sinema others want to hold the lines the votes aren't there. on house side right now big debate is whether or not the 3 1/2 trillion-dollar bill should be tied to the one and a half trillion-dollar infrastructure bill right now house democratic caucus is split, you have most of the -- far left elements insisting in order to vote for one 1/2 trillion-dollar bill has to be tied to 3 1/2 trillion-dollar bill then a few moderate holdouts, one and a half trillion-dollar bill

and that is why i proposed the long-term unemployment elimination act along with senator wyden and others that would provide a job subsidy on a short-term basis to private sector employers, nonprofits and the public sector to help support the hiring of the long-term unemployed, provide job training, so people can get on their feet and get back into the workforce. could you, dr. logan, please talk about this issue and whether our response to this crisis should include policies to ensure that people who are long-term unemployed or dropped out of the workforce and want to get back in are able to do so as the economy recovers? and what policy ideas would you suggest? dr. logan: thank you, senator van hollen. i appreciate this issue because it is something labor economists have studied for some time, those who have been chronically unemployed with the durations of more than six months and those who are dropping out of the labor force entirely. we have seen that in our employment population ratio reach disturbing levels the last several years. the pandemic has intensified that and now you have

senator wyden has a proposal on annual taxes on billionaires unrealized gains.upport? >> president biden: yes, i do. i support a lot of these proposals. we don't need all the things i supported to pay for this but i do support that. look, if you get -- if you file a w2 form, you know, the irs has access to your bank account and your bank tells you how much you made, what you have in there and they estimate your tax. well, if you have no income you are just -- if you have no earned income and it is all invested income, it is hard to figure out what the hell -- what the heck you have. and that's why we have to -- and i know some people don't like this, that's why we have to rehire some irs agents not to do -- not to try to make something people they don't just say hey, step up. step up and pay like everybody else does. look, i really mean this with my whole career. i come from the corporate state of america. i just think it is about just paying your fair share for lord's sake. we can argue whether or not the corporate tax will go back up to 26 1/2%, 28, 24. the id

bill that will come out of the senate finance committee which is headed by a very progressive ron wyden from oregon is going to be much more aggressive in taxing the rich than what we're seeing in the house side. so where they end up compromising will be interesting to see but i dare say that it is probably going to be a lot more progressive than even what we're seeing today in trying to analyze the impact of. neil: all right. scott, thank you very, very much. scott hodge of the tax foundation, the president there. i know sometimes this seems like we're throwing a lot of numbers and data at you on this and we will for the next two hours just to show that the money coming in supposedly to pay for this is not going to cover the full freight. now there are ways you can do that by dramatic scoring to keep pace with the impact this will have in the economy and revenues it will raise of the stimulus takes hold and all of that but this dynamic scoring as is the term often times misses the mark because dynamic scoring generally refers to the bang for the buck you get for tax cuts, not necessari

reporter: way to pay for it could fall on investors, senate finance committee chair ron wyden has lift of proposals pick up part of 3.5 trillion bill. market to market tax. normally investors don't file gains or losses until they sell the asset. investors would pay taxes every year even if they still own the asset, downside of this could be they could also file a deduction for losses then every year even if they still own the asset. also today, treasury secretary janet yellen telling congressional leaders they are running out of time to raise the debt ceiling before the u.s. runs out of money. pelosi says the debt ceiling will be raised on a bipartisan basis. they will not shove it into the reconciliation bill but pelosi says today the reason the debt ceiling needs to be raised is not because of new spending but because of old spending already approved and spent under president trump. likened to paying off president trump's credit card. neil. neil: wow, that is a bit creative. you know, one thing i caught from her statement that you had there, half to maybe all of this is paid for. wel

program, something that i have worked on for the better part of the last year and a half with ron wyden a state that is also experiencing devastating wildfires. it includes a herculean investment in ev infrastructure across our country. were we to get the bill across the finish line to the president's desk for his signature, it would be transformational and go a long way in putting us on the path to moving the needle in the fight against climate change. >> this is another issue like voting rights, like reproductive freedoms that is so completely fractured along partisan lines. i wonder where one would live that they wouldn't be seeing the devastating impact to human life, to businesses, to the economy of climate change. do you have conversations that maybe we don't see with republicans? do they see this the same way you do? >> there are some republicans, nicolle, who i think are interested in ultimately working on this issue, but i must confess that the fact remains that there are many on the other side of the aisle who simply refuse to believe the science and are obstinant in terms of

i look forward to working with my senator, ron wyden, who chairs the senate finance committee as we god forth and exploring opportunities to reconcile differences and have a product that we are all proud of. host: congresswoman jayapal says several progressives in the party are willing to vote against the 1.2 trillion bipartisan infrastructure package that could get a floor vote this coming monday. are you willing to vote against it? guest: i continue to support the approach we had that we would consider both the bipartisan infrastructure and package from the administration that the leadership is proposing. we can and should consider them both. we will start that process this next week. i stand firm in support of the arrangement that we had and hope we can do that. i attempt to avoid posturing in terms of absolute. i strongly support the approach we had that the two track is fair and will get the votes that it needs. we can do both. host: indiana, democratic color. you are on the air with the congressman. caller: hello. i think one of the biggest problems on why you are not getting you

senate finance committee chairman senator ron wyden has made it clear that speaker pelosi's bill doesnot have the votes in the senate democratic caucus to become law. this amendment, both as a policy amendment, but it also is a process amendment. clearly, these provisions are not going to become law. i know you are expected to vote for them. i think this is an opportunity to remove this provision from the bill, move forward. we know it will get moderated in the house and in discussions with your conference. and for the commerce committee. there is no question the committee and transmit to the but it -- the budget committee your remaining provisions. that this will buy your committee time to get on the same page with their energy and commerce committee colleagues, and your house conference as well. mr. chairman, would like to enter into record the letter from democratic colleagues, including one of our own committee colleagues, to the speaker. >> so ordered. rep. brady: the letter reads in part, and i think this is important, it is imperative we plot -- we pass legislation that can rea

so we start with a new bill by senator that senator wyden and i are introducing, the stock buyback accountability act. the tax code is one of the best tools we have to influence businesses. if you want to buy back your own stock, you have to pay a 2% tax on the money you make off of it. 29% is pretty small, a hell of a lot less than the tax rate that workers at first solar which i am going to visit this week are paying. or workers at whirlpool or workers at the local corner store, at the local dave's supermarket in garfield heights are paying. but that little tax will make companies think a little harder about whether stock buybacks are really the best use of their trillions in profits. i hope it will make it a little more likely they'll invest their money in something useful, something like a new factory or research into new products or training and apprentice h.tiesship programs or raises for the workers making these profits possible. has to be the goal of any stock buyback plan. it is not about punishing executives. i am indifferent. i have always believed it is who you fight for and what you

christian wyden is with us.oyal to team biden, he was a holdover as chairman of the joint chiefs of staff from trump. he hasn't broken publicly. the way uniformed officers do that is leaks are retired uniformed officers, what he just described, withdraw or drawdown that is conditional based on political military development. that was the trump plan, trump had a deadline but it was adjusted repeatedly. stuart: general milley without using a common expression has thrown president biden under the bus, he is confirming that biden insisted on a date certain will get out regardless. >> he is not in the chain of command, top or military advisor to the president and secretary of defense but is duty-bound to tell the truth to congress and seems in his own circumspect way he is doing so. stuart: so should he lose his job? >> he avoid austen should go. what happened in afghanistan was a disgrace and a disaster, they are both mediocrities and at some point do what we expect of young staff sergeants and captains and navy lie

the time considering her nomination and i hope after this hearing will be as impressed as senator wyden i have been. recommend her confirmation to the ninth circuit and encourage expeditious consideration by the full senate. >> thank you. >> senator grassley and colleagues and friends on this committee. it's an honor to introduce to the committee today, the office direct policy. before i start, i want to know wonderful people who support doctor were here today. his wife doctor who served in the position at the va and then he has twin boys. i've known them since they were babies. here's the accomplishment. he both completed undergraduate degrees at yelp are harvard male now. one in law and one in medicine. everything you need to know about torture. first of all, to have such an accomplished family and as a father is a husband. he currently serves as chief adequate health officer and senior vice president of the march of dimes of the five office overseeing research and ffglobal health portfolio and clinical professor department of medicine georgetown university school of medicine. he is a

senator wyden is considering mark-to-market taxation on derivatives and carried interest, meaning that any gays -- gains or loss you see when you sell it. tax foundation says it could reduce savings, be detrimental to the broader economy if this goes through. stuart: you have got some wealth. you aaccumulated wealth, whether you sell it or reduce it or, doesn't matter, they will come in and take a piece of your wealth every single year? lauren: exactly. stuart: confiscation. lauren: because the argument is, billionaires don't sell, they don't pass that on to generations. they don't spread the wealth, if you will. teachers, firefighters who are invested in the stock market especially since 2020, they don't have that luxury. stuart: okay. i think it is unconstitutional. lauren: it doesn't hold with retail investing that we've seen. stuart: this is the united states of america. we are a constitutional republic. you don't seize wealth in a constitutional republic. that is my opinion. lauren: mark-to-market taxation would. stuart: exactly would. lauren: have to pay for 3 1/2 trillion dollar

investors don't pay taxes on gains until they sell but under a proposal floated by chairman, senator ron wydenn if they still own the asset but there has been disagreement between knows those on capitol hill and those on the white house whether or not the package should be entirely paid for or just partly paid for. >> this is going to be paid for. we will pay for more than half of, maybe all of the legislation. reporter: stuart, of course, businesses are already reacting to some of the proposals that have been floated, particularly the national association of manufacturers this morning just released a statement trying to get ahead of what congress is considering saying this, if you raise taxes on manufacturers, there will be no avoiding widespread job losses, slower growth and wage stagnation. the tax increases under consideration by congress will directly harm the men and women who make things in america. the stuart, the bottom line is this, whether or not the package can be completely paid for comes down to whether democrats agree on what tax proposals to include. remember they need to get t

wyden: mr. president, yesterday the senate confirmed the nomination of jayme ray white to serve as deputy united states trade representative. today the senate has an opportunity to fill another important deposition following a debate on president biden's nomination, sarah bianchi for that role. i'm going to to outline a few reasons why ms. bianchi is the right person for this important job and why the senate should confirm her nomination today. she is a long time accomplished member of the biden economic team. she worked in a host of settings during her time in public service, the office of the vice president, domestic policy council, the office of management and budget, and as a staff member here in the senate. she bristles valuable experience in the private sector to her nomination. she helped to build strong biden economic agenda that's focused on making sure that all americans have the opportunity to get ahead. with respect to the key issue of trade which is under the jurisdiction of the sen