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tv   Key Capitol Hill Hearings  CSPAN  July 13, 2015 10:00am-12:01pm EDT

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't say anything about that. he will hire them. how many mexicans built his buildings? the constitution has been trampled on. we are segregated still to this day and they are paying people through families, the government, in courses. it is crazy. where do they come from? they came from a mom and a dad. they do not complain about the mormons being married to four or five people. the blacks had to fight their wayi in. the gangs are being more vocal. "this is my civil rights to be
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this way." we move on to miami florida. good morning. caller: good morning. i wish that we had more shows like this because the country is being bamboozled. i think we have an issue with money in politics and who is funding them. rather than letting the big corporations fund these candidates, the media should research every one of these individuals for their real purpose and with their objectives are so we can see them for who they are. we are buying into whatever they are sending us, and they are buying into the corporations. host: ok.
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a democrat. thanks to everybody who called in on this monday morning. "washington journal" is back at 7:00 tomorrow. we are going to take you to new york city and the new school, where hillary clinton's economic speech. we expect her out in a couple of minutes. scott walker will be out at 6:15 pm eastern time making his formal campaign announcement. we may be on the air prior to 6:15. look for the governor at 6:15. we now take it to new york for the event with hillary clinton. enjoy your day. ♪ [captions copyright national cable satellite corp. 2015]
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[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] ♪
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[applause] [cheers] [cheers] >> all right. thank you, everyone. welcome to the new school.
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i am the president here at the new school. the new school is a university, challenging the status quo. it is a unique-design inspired university. taking courageous actions to make the world a better place. this auditorium has a rich tradition of bringing people together, to exchange views. it is also a place of tolerance. these are very critical days for our country. now more than ever, the world needs innovative approaches and new ways of thinking. we do welcome opportunities --
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[applause] we do welcome opportunities to hear proposals from our great political leaders. it is my great pleasure to welcome hillary rodham clinton democratic candidate for president. mrs. clinton: thank you. thank you so much. thank you very much. and thanks to everyone at the new school for welcoming us today. i i am delighted to be back. i have had the opportunity to listen to americans concerned about an the economy that still is not delivering for them, not the way it should. it still seems to most americans
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that it is stacked for those at the top. i have heard about the hopes that people have for their futures, starting small business they have always dreamed about getting a job that pays well enough to sit or a family and provide for a secure retirement. previous generations built the greatest economy and strongest middle-class the world has ever known on the promise of a basic bargain -- if you work hard and do your part, you should be able to get ahead. when you get ahead, america gets ahead. over the past several decades that bargain has eroded. our job is to me it strong again. for 35 years republicans have
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argued that if we give more wealth to those at the top by cutting their taxes, it will trickle down to everyone else. every time they had a chance to try that approach, it explodes the national debt, concentrates wealth even more, and is practically nothing to help hard-working americans. twice now in the past 20 years a democratic president has had to com eine in and clean up the mess left behind. [applause] mrs. clinton: i think the results speak for themselves. under president obama -- clinton --
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i like the sound of that --america saw the largest peacetime expansion in our history. [applause] mrs. clinton: nearly 23 million jobs a balanced budget, and a surplus for the future. incomes rose across the board not just for those already at the top. eigt years later president obama and the american people' hard wordk hold us back from the brink of depression. president obama see the auto industry and provided health care to teen million americans -- to 16 million americans. [applause] mrs. clinton: now today is the shadow of-- as the shadow of
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crises recede, i believe we have to build a growth and fairness economy. you cannot have one without the other. we cannot create enough jobs without more growth. and we cannot will strong families and support our consumer economy without more fairness. we need both. america standing again, we are not yet running the way we should. corporate profits are near record highs. americans are working as hard as ever. but paychecks had nearly budged in real terms. families today are stretched in so many directions, and so are there budgets. health care, childcare, hearing for aging parents are rising a
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lot faster than wages. i here this everywhere i go. a single mom talked about juggling a job in class at community college while raising three kids. she doesn't expect anything to come easy. if she got a raise, everything would not be quite so hard. the grandmother who works around the clock providing childcare to other people's kids. the pay is fairly enough to live on, especially with the soaring price of her prescription drugs. the young entrepreneur of dream of buying the local bowling alley was nearly derailed by student debt. if he can grow his business, he can pay off his debt and his
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employees more, too. wages need to rise to keep up with cost. paychecks need to grow. families who work hard and do their part deserve to get ahead and stay ahead. of the defining economic challenge of our time clear. we must raise incomes for hard-working americans so they can afford a middle-class l ifeife. we must drive steady income growth that lifts up families, and that -- [applause] mrs. clinton: and that will be my mission, from the first day i am president to the last. i -- [applause]
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mrs. clinton: i will get up every day thinking about the families of america, like the family i came from, a hard-working dad started a small business and gave us a good middle-class life. i will be thinking about all the people i represent in new york and the stories they told me and that i worked with then improve. i will take on this challenge against the backdrop of major changes in our economy that did not start with the recession and will not end with the recovery. advances in technology has created new areas of commercial activity and opened new markets for exports. too often they are polarizing our economy benefiting high
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skilled workers but downgrading blue-collar jobs and other mid-level jobs that used to provide solid income for millions of americans. today's marketplace focuses too much on the short-term, like second to second financial trading, and too little on long-term investments. many americans are making extra money renting out a small room, selling products they design themselves at home or driving their own car. this so-called gig economy is creating exciting economies and unleashing innovation. it is also raising hard questions about what a good job will look like teacher.
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all of these trends are real and none is going away. but they do not determine our destiny. the choices we make as a nation matter. and the choices we make will set the stage for what american life in the middle class in our economy will be like in this century. as president i will work with every possible partner to turn the tide to make these currents of change working for us, to strengthen the american middle class. i think at our best that is what americans do. we are problem solvers. we do not hide from change. the measure of our success must be how much incomes rise for
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hard-working families, not just for successful ceo's and money managers and not some arbitrary growth targets uncovered two people -- untethered to people's lives livelihoods. [applause] mrs. clinton: i want to see our economy work for the struggling, the striving, and the successful. we are not going to find all the answers we need today in the playbooks of the past. we cannot go back to the old policies that failed us before, nor can we just replay the successes. today is not 1993 or 2009. so we need solutions for the big challenges we face now. i am proposing an agenda to
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raise incomes, for strong growth, their growth and long-term growth. more growth means more jobs and more new businesses. more jobs get people choices about where to work. employers have to offer better than if it's to compete with each other to higher new workers -- to hire new workers. getting closer to full employment is crucial for raising incomes. small businesses create more than 60% of new american jobs. and a half to be a top priority. i want to be the small business president, and i mean it. i i'm going to be talking how we empower entrepreneurs easier access to capital and simplification.
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i will push or broader business tax reform to spur investment in america, closing the loopholes that reward companies tothat send jobs and profits overseas. [applause] mrs. clinton: and i know it is not always how we think about this. another engine of strong growth should be comprehensive immigration reform. [applause] [cheers] mrs. clinton: i want you to hear this. bringing millions of hard-working people into the formal economy would increase our gross domestic product by an estimated 700 early in dollars over -- $700 billion over 10
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years. then there are the -- when we get americans moving we get our country moving. let's established an infrastructure bank that can channel more public and private funds. [applause] mrs. clinton: channel those funds to finance world-class airports railways, roads, and bridges, and ports. [applause] mrs. clinton: and let's built those faster broadband networks and make sure there is a greater diversity of providers so consumers have more choice. [applause] mrs. clinton: and there is no excuse not to me greater investments in cleaner renewable
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energy right now. [applause] mrs. clinton: our economy runs on energy and the time has come to make america the clean energy superpower. these investments will create millions of jobs, save us money in the long run, and help us meet the threats of climate change. let's fund the scientific research that spawned innovative companies and creates entire new industries just as the project to sequence the human genome did in the 1990's and president obama's initiatives on precision medicine will do in the coming years. i will set ambitious goals in all of these areas in the months ahead. let me emphasize another key
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ingredient of strong growth that often goes overlooked. breaking down barriers so more americans participate more fully in the workforce especially women. [applause] [cheers] mrs. clinton: we are in a global competition, as i am sure you have noticed. we cannot afford to leave talent on the sideline. that is what we are doing today. when we leave people out we shortchange then and we shortchange our country and our future. the movement of women into the american workforce over the past 40 years was responsible for more than $3.5 trillion in economic growth. but that progress has stalled.
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the united states used to rank seven out of 24 advanced countries in women's labor force or dissipation. by 2013, we had dropped to 19. that represents a lot of unused potential for american families. studies show nearly one third of this decline relative to other countries is because they are expanding family-friendly policies like a leave and we are not. we should be making it easier for americans to be good workers and caregivers. women who want to work should be able to do so without worrying about how they are going to take care of their children are what will happen if a family member gets sick. last year --
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[applause] mrs. clinton: last year while i was at the hospital in manhattan waiting for charlotte to make a grand, entrance one of the nurses said thank you for fighting for paid leave. she sees firsthand what it means for herself and her colleagues as well as for the working parents that she helps take care of. it is time to recognize that quality childcare is not a luxury. it is a growth strategy. it is past time to end the outrage of so many women earning less than men on the job and women of color making even less. [applause] [cheers]
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mrs. clinton: all this lost money and it's up -- adds up, for some women it is thousands of dollars every year. for far too long, these challenges have been dismissed by some as women's issues. well, those days are over. [applause] >> whoo! mrs. clinton: fair pay and fair scheduling and earned sick days, childcare are essential to our competitiveness and our growth. and we can do this in way that does not impose unfair burdens on businesses. as president, i will find to put families first, just like i have my entire career.
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[laughter] mrs. clinton: beyond strong growth, we need fair growth, and that will be the second key driver of raising incomes. the evidence is in. inequality is a drag on our entire economy. so this is the problem we need to tackle. you may have heard governor bush say americans just need to work longer hours. well he must not have met very many american workers. [cheers] [applause] mrs. clinton: let him tell that to the nurse who stands on her feet all day with the teacher in the classroom or the trucker who drives all night, to the fast worker marching industry for
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better pay. they do not need a lecture. they need a raise. [applause] [cheers] mrs. clinton: the truth is the current rules for our economy do reward some work, like financial trading, much more than other work, like actually building and selling things, the work that has always been the backbone of our economy. to get all incomes rising we need to strike a better balance. if you work hard, you should be a fairly. we need to implement the new rules on overtime and then go further. [applause]
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mrs. clinton: i will crack down on bosses who exploit employees by ms. classifying them as contractors or even steel their wages -- steal thei wagesr. we need to take on the major strain on family budgets. i will protect the affordable care act and build on it to lower out-of-pocket health care costs. [applause] mrs. clinton: and to they prescription drugs -- and to may prescription drugs more affordable will help families forward to retirement by defending and enhancing social security and making it easier to save for the future. many of these proposals are time-tested and more than a little battle scarred. we need new ideas, as well, and
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one i will fight for his profit-sharing. hard-working americans deserve to benefit from the record corporate earnings they help produce. i will produce ways to encourage companies to share profits with their employees. that is good for workers and businesses. profit sharing gives everyone a stake in the company's success can boost productivity and put money directly into employees' poickets. i will have more to say about how we do this. another priority must be reforming our tax code. we hear republican candidates talk about tax reform. but take a good look at their plans. senator rubio's would cut taxes for household making around $3
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million a year by almost $240,000, which is more than three times the earnings of a typical family. that is a sure budget busting giveaway to the super wealthy and the kind of bad economics you are likely to hear from any of the candidates on the other side. i have a different take. [laughter] mrs. clinton: guided license principles. hard-working families need and deserve tax relief and simplification. those at the top have to pay their fair share. i support the buffet rule, which make sure millionaires do not pay lower rates than their secretaries. i have called for closing the loophole that lets wealthy financiers pay an artificially
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low rate. hugely successful companies that benefit should not be able to game the system and avoid paying their fair share, especially while companies cannot afford high-priced lawyers end up paying more. alongside tax reform it is time to stand up to efforts across our country to undermine worker bargaining power. this has been proven again and again to drive up wages. republican governors like scott walker have made their names stomping on workers rights and practically all republican candidates would do the same as president. i will fight back against these mean-spirited misguided attacks. [applause]
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mrs. clinton: evidence shows that the decline of unions may be responsible for a third of the increase of any quality among men -- inequality among men. we have to get serious about supporting union workers. [applause] mrs. clinton: let me just say a word about trade. the greek crisis as well as the chinese stock market have reminded us that growth here at home and growth and ocean away are linked in a common global economy. trade has been a major driver of the economy over recent decades but it has also contributed to hollowing out our manufacturing base and many hard-working communities. we need to set a high bar for
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trade agreements. we should support them if they create jobs, raise wages, and increase our national security. we should be prepared to walk away if they don't. to create fair growth, we need to create opportunity for more americans. i love the saying by abraham lincoln, who in many ways was not only the president who saved our union but the president who understood profoundly the importance of the middle class. and the importance of government playing its role in providing opportunity. he talked about giving americans a fair chance in the race of life. i believe that with all my heart, but i also believe it has to start really early, at birth.
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high quality early learning, especially in the first five years, can set children on the course for future success and raise lifetime incomes by 25%. i am committed to seeing every four-year-old in america have access to high-quality preschool in the next 10 years. i want to do more. i want to call for a great outpouring of support from our faith, business, academic institutions, civic groups, and concerned citizens, to really help parents, particularly parents facing a lot of obstacles. to really help them prepare their own children in the zero to four age group. 80% of your brain is physically
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formed by the age of three. that is why families like mine read, talk, and saying endlessly to our granddaughter. we hope her first words will be enough with it talking and singing. but we do it not only because we love doing it even know i will admit it is embarrassing reading a book to a two or six-week-old but we do it because we understand it is building her capacity for learning. research shows by the time she enters kindergarten, she will have heard 30 million more words than a mile -- a child from a less advantaged background. think of what we are losing because we are not doing everything we can to reach out to those families and we know again from so much research year in the united states and around the world that mentoring and
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intervention will help those often stressed out young moms understand more about what they can do and to avoid the difficulties that stand in the way of their being able to get their child off to the best possible start. we also have to invest in our students and teachers at every level. in the coming weeks and months i will lay out specific cap will come up a coverage truly affordable and help americans refinance. hello let's embrace the idea of lifelong learning in illogical change, we need to provide pathways to get skills and credentials for new occupations and create online platforms to connect workers to jobs. there are exciting efforts underway and i want to support
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and scale the ones that show results. as we pursue all of these policies, we cannot forget our fellow americans hit so hard and left behind by this changing world from the inner cities to the country. talent is universal, you find it everywhere. opportunity is not. there are nearly 6 million young people aged 16 to 24 in america today who are not in school or at work. the numbers of young people of color are particularly staggering. a quarter of young black men and nearly 15% of all latino youth cannot find a job. we have to have a better way of coming up to match the growing middle class income if we want to generate more pathways into
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the middle class. i firmly believe the best anti-poverty program is a job but that's hard to say if there aren't enough jobs for people trying to help lift themselves out of poverty. that's why i called for reviving the new market tax credit and empowerment to create greater incentives to invest in poor and remote areas. [applause] mrs. clinton: when all americans have a chance to study hard, work hard, and share in our country's prosperity, that is fair growth. it's what i voice believed in and it's what i will fight for as president. the third key driver of income alongside strong growth and fair growth must be long-term growth. too many pressures in our economy push us toward short-term ism.
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they talk to me about it. one is everything focused on the next earnings report or the short-term share price and the result is too little attention on the sources of long-term growth. research and development, and talent. net business investment which includes things like factories machines, and research labs, have declined as a share of the economy. in recent years some of our biggest companies have spent more than half their earnings to buy back their own stock and another third or more to pay dividends. that doesn't leave a lot lefd. -- left. to invest in the workers that made those profit possible or to make new investment necessary to ensure a company's future success. these trends need to change.
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i believe many business leaders are eager to embrace their responsibilities, not just at today's share price but also to workers, communities, and ultimately to our country and our planet. i am not talking about charity i am talking about clear capitalism. many companies have prospered by improving wages and training their workers that then yield higher productivity, better service, and larger profits. it is easy to try and cut costs by holding down or even decreasing pay and other investments to inflate quarterly stock prices but i would argue that is bad for business in the long run and it is really bad for our country. workers are assets. investing in them pays off higher wages pay off. training pays off.
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to help more companies do that i propose a $1500 tax credit for every worker they train and higher. i will soon be proposing a new plan to reform capital gains taxes to reward longer-term investments that create jobs, more than just quick trades. [applause] mrs. clinton: i will also propose reforms to help ceos and shareholders alike to focus on the next decade rather than just the next day. [applause] mrs. clinton: making sure stock buybacks are not being used only for an immediate boost in share prices. empowering outside investors that want to build companies but discouraging cut and run shareholders who act more like old-school corporate raiders and nowhere will the shift from
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short-term to long-term be more important than on wall street. as a former senator from new york, i know firsthand the role that wall street can and should play in our economy. helping main street grow and prosper. and boosting new companies that make america more competitive globally. but as we all know in the years before the crash, financial firms piled at risk upon risk. and regulators and washington either could not or would not keep up. i was alarmed by this gathering storm and called for addressing the risks of derivatives cracking down on subprime mortgages and improving financial oversight. under president obama's leadership we have imposed tough new rules that deal with some of the challenges on wall street. those rules have been under assault by republicans in congress and those running for
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president. i will fight back against these attacks and protect the reforms we have made. we can do that and still ease burdens on community banks to encourage responsible loans to local people and businesses they know and trust. we also have to go beyond. frank -- dodd-frank. some institutions are still too complex and risky. the problems are not limited to the big banks that get all the headlines. serious risks are emerging from institutions in the so-called shadow banking system, including hedge funds, high-frequency traders, non-bank finance companies. so many new kinds of entities which receive little oversight at all. stories of misconduct by individuals and institutions in the financial industry are shocking.
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hsbc allowing drug cartels to launder money, five major banks pleading guilty to felony charges for conspiring to manipulate currency exchange and interest rates. there can be no justification or tolerance for this kind of criminal behavior. [applause] mrs. clinton: while institutions have paid large fines and in some cases admitted guilt, too often it has seemed that the human beings responsible get off with limited consequences or none at all, even when they have already pocketed the games. this is wrong. on my watch it will change.
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over the course of this campaign, i will offer plans to rein in excessive risks on wall street and ensure that stock markets work for everyday investors, not just high-frequency traders and those with the best or fastest connections. i will appoint and empower regulators who understand that too big to fail is still too big a problem. we will ensure -- [applause] mrs. clinton: we will ensure that no firm is too complex to mann --oversee. we will also process individuals as well as firms when they commit fraud for wrongdoing. [applause] mrs. clinton: when the government recovers money from corporations or individuals for harming the public, it should go into a separate trust fund to benefit the public. it could, for example, help
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water knives infrastructure or even be returned -- modernize infrastructure or be returned to help taxpayers. we have done it before in our country, and we have to get it right this time. yes, we need leadership from the financial industry and across the private sector to join with us. two years ago, terry duffy published an op-ed in the wall street journal that really caught my attention. he wrote he was concerned that those of us in financial services in have forgotten who they serve in the public knows it. some can slip into regarding their work as a kind of moneymaking game, divorced from concerns of the main street. i think we should listen to terry duffy.
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of course, long-term growth is only possible if the public-sector steps up as well. it is time to end the era of budget brinkmanship and stop careening from one self-inflicted crisis to another. it is time to stop having debates over the small stuff and focus how we are going to tackle the big stuff together. how do we respond to technological change and a way that creates more good jobs than it displaces or destroys? can we sustain advanced manufacturing? what are the best ways to nurture startups outside of the successful corridors of silicon valley? questions like these demand thoughtful and mature debate. some policymakers and government from our leaders in the private sector our economists, academics, others who can come together and on behalf of
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america perform their patriotic duty to make sure our economy keeps working and our middle class keeps growing. [applause] mrs. clinton: the government has to be smarter, simpler, more focused on long-term investments than short-term politics. and be a better partner to the city, state, and private sector. washington has to be a better steward of america's tax dollars and america's trust. and please, let's get back to making decisions that rely on evidence more than ideology. [applause] mrs. clinton: that is what i will do as president, i will seek out and welcome any good idea that is actually based on
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reality. [applause] mrs. clinton: i would have principles and pragmatic and regressive policies that really move us forward together, and i will propose ways to ensure that our fiscal outlook is sustainable, including by continuing to restrain health care costs, which remained one of the key drivers of long-term deficit. i will make sure washington learns from how well local government, businesses, and nonprofits are working together in the successful cities and towns across america. passing legislation is not the only way to drive progress. as president, i will use the power to convene, connect, and collaborate. to build partnerships that actually get things done. above all, we have to break out of the poisonous partisan
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gridlock and focus on the long-term needs of our country. [applause] mrs. clinton: i confess, maybe it's the grandmother in me but i believe that part of public service is planting trees under whose shade you will never set. the vision i have laid out for strong growth, fair growth, and long-term growth, all working together will get incomes rising again. it will help working families get ahead and stay ahead. that is the test of our time. i am inviting everyone to please join me to do your part. that is what great countries do, that is what our country always has done. we rise to challenges.
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it's not about left, right, or center. it is about the future. versus the past. i am running for president to build an america for tomorrow, not yesterday. an america built on growth and fairness, an america where if you do your part, you will reap the reward. where we don't leave anyone behind. [applause] >> woo! [loud cheering] mrs. clinton: thank you all. thank you.
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i just want to leave you with one more thought. i want every child, not just the granddaughter of a former president or former secretary of state, but every child to be able to reach for her god-given potential. let's do it together, thank you all so much. [applause] [cheering] ♪
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>> hillary clinton speaking to people in manhattan, one of 20 candidates now that scott walker is entering the race in 2015. she is one of five democrats running. we will take your phone calls, let us know what you think about hillary clinton's economic plan
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that she just laid out. the numbers to call for democrats, we have been waiting on the line in boston new jersey for indepe ndents. what do you think about her economic plans? caller: i heard hillary talk about building on the affordable care act and how she says that helps about 16 million americans and how a lot of americans are still struggling with huge prescription drug cost. what we really need and hillary needs to get to is what bernie sanders has supported which is universal health care, where we simply all get a card that says we can go to any doctor, any
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hospital, any prescription, and it is paid for in the same way our national guard is paid for. through tax revenues where if we need extra help, we get it. if we don't need extra help, we are just among the fortunate. for hillary to keep talking about fixing other things like family leave, we don't have the basic core health care that will help every american. this is something she needs to start looking at, thank you. host: your call from new jersey moving on to the republican line, this is john in texas. hi. bill from indiana. caller: i just think, as i was
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listening, i was thinking more of the same of what we already had. i am talking about obamacare, i think this has been a great failure, something that if we continue to do, it will continue to drain other areas like medicare and medicaid and it will cause more problems and she talks about these things like it's not more like she's positive about it, it's like a hope, or a dream. those are nice but it is time to come to reality. it is time we started in this century to get back to our roots and come back to the side of getting people together, not pushing people apart and i think that, what i heard today, i
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think she is pushing everybody apart. i think the country can be good again but it will take all of us and we need a leader that notices that. host: who would you be voting for? caller: if i had to vote today i would say chris christie followed by jeb bush. host: moving on to the independents line. caller: thank you. i just wanted to point out she made the statement that corporations have been paying 50% of their profits out of dividends and stock buybacks and that is the average over any 10 year. going back several decades. that is a decision that is made by boards of corporations who are elected by the shareholders to allocate those resources. i don't feel comfortable, ms. clinton thinks she can tell boards of corporations who have
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actual expertise over areas of which he has no experience. host: a very large spread article about that from time magazine where she will pledge profit-sharing incentives to boost wages, you can check that out at time.com. let us know what you think about hillary clinton, she just got finished laying out her plan for what she just wants -- she wants to do for the united states economy. the line for democrats. caller: i just got in a last-minute i wanted to let hillary no that she will be like for the country and a light for the world she has so many good ideas. there are so many things that she would be good at. she has my vote. i just want to let her know that. host: since you did say u.s. the
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entirety of her speech, you can go online to c-span.org and watch it right from the top and get all the points that she made during this comprehensive speech. the republican line, kathy. caller: thank you for taking my call. i think mrs. clinton needs to address her past controversial performances before she can talk about trust and future proposals she might have for america's future. as far as the past versus the present, or the future, i think america has been great in the past and some of the things from the past that we should not let go of, may be changing in the future that may not be good for our country. she also proposes to get things done that using the branches of government that have made our country great and i think that's very dangerous talk.
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i think mrs. clinton has a lot of other explanations to make before she can talk about proposing anything for our country. host: you mentioned controversies, any specific ones on your mind? caller: all the e-mails, the controversies going on about her e-mails and how she used her e-mails. host: and if you had to vote today who is interesting you? caller: probably donald trump he is fresh and new, his credentials are good. i also like ted cruz and scott walker. as you can tell, i am conservative and i like that type of talk that is going on right now. host: thank you for the call. a number of people like
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candidates hillary clinton mentioned her remark kind of rebutting her -- their proposals . columbus, ohio independent. what did you think? caller: i kind of liked it, the obamacare thing but i have been working for a temp service or about two years and don't have to give you insurance. i thought that under this law that for all the employees, they would have to give insurance. and for a temp service company they don't have to offer insurance benefits, they pay hourly and they don't have to hire you. host: you're at a temp agency? caller: yes, for 10 years. host: what kind of work do you do? if you had to vote today, who
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would get your vote? caller: right now, it is up in the air. i need to see more. thank you. host: thank you for the call. baton rouge, louisiana, hi andrew. what did you think about what you heard? caller: i really enjoyed it by quite a bit. some things that interested me were some of the clean energy plans that she might have in the future. that is something that i think would be really interesting to see. increased research and development in areas that we can actually benefit from. in addition to that, the other thing was how she was willing to reach across party lines a little bit to go ahead and put some plans in place. there is big business and support for the banking industry
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as well. i am optimistic but more intrigued to see more details getting fleshed out in the future. host: thank you for the call. hillary just finished laying out her policy ideas for the economy, here at the news school in manhattan. you can let us know what you think on facebook.com or send us a tweet. james is calling from south carolina, republican. caller: how are you doing? host: what did you think about what you saw here? caller: i am not a great fan but it is the same thing, pretty much. what the energy plans, i heard that from our current president and it really hasn't worked, solar wind, electric cars.
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we need more research on that before we can say anything positive about it. i don't think she is the right person to lead this country. i am not a big fan of trump either but i like what he says. he tells it like it is. he may be misunderstood, but as far as energy, in the key part of anything, and i can't believe , i hate to say it, naive people , they have to know that we need our jobs back. from china, india, malaysia. all of these countries that have taken our jobs and corporations and mackey -- manufacturing and
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the trade agreements are truly unfair for us. until these things are fixed, we cannot do anything, really. you can stand up there and say we are going to do this, i want to do that. but we have to have liquidity. we have to have people making money. host: is that why trump interest you? caller: yeah, i have been saying that for decades now, watching the jobs just and the mills around this town shut down. there are no jobs other than hospitality and industry and restaurant really. it is not doing anything for this town. host: james calling from south carolina, taking a look at a few tweets about hillary clinton her economic plan that she just
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talked about, one from jonathan, hillary's camp has been mulling profit-sharing proposals for a wild. and donovan martin says breaking down barriers for more americans to participate more fully in the workforce, especially women. another one from jonathan allen says child care is not a luxury, it's a growth strategy. one says hillary appears to take social security cuts off the table. simpson and bowls shed tears. another one says it will boost productivity and be a win-win and jonathan allen tweets it is ridiculous to attack clinton for not laying out her vision, this is the most comprehensive policy outline of anyone in the campaign. 20 candidates including scott walker, expected to make a an
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announcement. this will be on our companion network, c-span3, taking your phone calls, julian on the line from pensive alien -- pennsylvania. caller: they give for having me on. i was calling because i caught the last bit of her speech. i hear the jargon many other democratic candidates are coming in, breaking up big banks, having corporate buybacks eliminated, trying to limit the amount of high-frequency trading, while i won't disagree that these are all problems, i can't help but agree with the host of the young turks who was on a couple of months ago, not a lot of solutions being offered. yes we are addressing the problems and saying what, we are having difficulties with, and the difficulty and disconnect between wall street and main street, she is addressing that it is a problem and something that needs to be taken care of
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what really what is disheartening is how are we supposed to believe her in breaking up the big banks if most of her contributions goldman sachs, j.p. morgan chase, merrill lynch, have you take someone like that seriously if on the one hand they say they want to do something about the problem and on the other hand take contributions from the problem? and if you're going to look at the big banks wouldn't you need to say something about the federal reserve as well? she did not even mention the federal reserve, you cannot and that -- mention the investment banks without them. host: who would you cast your vote for? caller: i would do a write in the councilman from seattle. realistically, bernie sanders. host: thank you for the call. steve is on the line for democrats from wisconsin.
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you have a governor who is announcing this evening. caller: yeah, i understand that. but what hillary said about the profit-sharing i am in my 70's and when i started working, we had profit-sharing in both of our companies. that encouraged the people to do a better job and we ended up at the end of the year making a decent profit ending up with those dollars going into our pension plan or into our savings accounts. now, when we became part of a large corporation, whom, first thing they did was take it away. they took it away from the people. that what they do is like she says, they give it out in dividends and buybacks through stock buybacks which helps nobody who doesn't own stock in
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a corporation. consequently, that is how the people, at least how i see it, how the people who already have the money are getting more money and the poor person who is sitting there making the product for the company is not participating and is just stuck with wages that have been held back. the last couple of years we had a 10% pay cut both years in order to keep the company going and down the line the company died anyway. that is why the people are not sharing in the income of the company. the income of the united states. that's all i wanted to say. i agree with her on that. host: thank you for the call and a look here at the times article, a be laying out more information, hillary clinton will pledge profit sharing to boost wages.
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she says to take change to the tax code to encourage corporate profit-sharing, calling the programs a win-win for businesses and employees. you can read more at time.com. cindy from north carolina, republican. caller: hello. thank you for the opportunity. first of all, from what hillary is saying, it seems to me like they want more control of the corporations and businesses but it seems like the people will still not share in most of the profits. the corporations and people with money will still be receiving all of the profits. it seems like if they get the controls they will take more money away from the people who are running the corporations where they cannot hire more people. and i see that she was
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encouraging roadbuilding and bridge building and all of this stuff. but to me she is making under impression that she won't be helping the people that are trying to get education to get out of debt when she says we will let -- redo another loan. but they are already in debt and why would they want to do another loan? they really want to help and they will control it but why don't they give them free education? and free health care and everything? then the second thing is she is not helping drug problems and crime and how much that will cost and all i see is she is creating a utopian world with no solutions and leading the lambs to the slaughter. actually, it's like leaving the people to elect her there are no solutions and the people will
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end up laboring all the time for the upper class. host: who are you interested in for president? caller: the first person i am thinking of is trump. i have a background in law enforcement and trump is right. i don't have problems with spanish and mexican and latin americans but i agree with trump, he is not saying they're bad people. he is saying their country is trying to run our country by dumping all the bad things on us and killing our people and hurting our people as far as criminals are concerned. the majority of the latin american people are very devout hard-working people and family-oriented. the second person i would vote for would be walker or cruz. host: i will let you know that
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we will be hearing from scott walker at 6:15 p.m. eastern time tonight and on c-span and c-span2 you will find his remarks on c-span3. we'll be taking you there live, and before the house comes in we are going to take a look at some of the remarks and economic ideas of paul ryan, chair of the house ways and means committee. this is a conversation he had with politico. [applause] >> good morning, how are you doing? ryan: should i put it in front of the politico cup or? >> make sure it's not blocking wells fargo either. [laughter] >> let's jump in with international stuff, this has been dominated for the past few
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days by the greek crisis over the extent and the chinese stock market. i am interested in your opinion on the extent to which greece, if it ends up leaving the euro zone, whether voluntarily or involuntarily, if that could destabilize global markets and impact of the united states and a major negative way? how worried are you? paul ryan: i don't think so, i don't think a greek exit would dramatically destabilize. i would say it's a cautionary tale, it is a good look at what progressive economics get you. you run out of people with money to spend, they are just trying to get creditors to keep giving them more money even though they won't need the terms of the credit. i think the downside is if they relaxed their terms, you are basically telling portugal, italy, spain others, you don't
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have to fulfill the terms of credit, here you go. i don't think they have a choice and europe. we will see if they come back to the terms but it doesn't look like it. host: you think tough lines taken by the germans, there have to be? that it would be worser ify they were to cave to greece? an ryan: yes. >> what about china, the stock market? the combination of those two things worries people. paul ryan: i think the big picture lesson here is there is no substitute for true progrowth economics. whether it is policies like spending other people's money slowing the economy down, living beyond your means racking up liabilities were the government makes promises to citizens it knows it can't keep, those days
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are numbered and they should be. on china, i think they have been practicing sugar high economics. they have been pumping the economy and it is not built on a strong foundation of the basics for a market economy, the rule of law. property rights. transparency. you don't have that in china. they have been practicing on a sugar high, and coming down off of it. host: let's jump to united states to messick issues. one big ticket item you have to get done before the august recess and that is the highway funding bill. where do you find that money and i know you're interested in exemptions as a possible funding mechanism if you're able to a compass that? paul ryan: we just found three because it only cost eight now
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not 11. it is eight now until the end of the year so it is a couple of things. we will have to do an extension this month because it is impossible to put in place a six-year package for highways in the next two weeks. we are trying to impress this point. we in the house, i can speak for the house we want to fix your how a bill and we want a long-term how a bill. we want to give states the ability to plan ahead but that means we have to come up with a way to do long-term financing. given that we are not going to raise gas taxes, it is a losing revenue source. they are getting more effective and efficient, we need a couple of new revenue sources but we are not doing that and the next few months so we need a bridge financing plan that gets us a bill so that the end of that time. -- time period, we have to look
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at a user fee system. we have plan a and plan b. plan a is what you just mentioned. can we also address an issue is gaining momentum which is international pressure and problems we have of our tax base leaving us, companies leaving america, and fix that, which would involve repatriation which would help with this issue. that is what our first preference is and in discussions on how to do that. if we cannot get an agreement on that the legal plan b. that means we have to come up with the resources to cover this shortage over the the next two years. my goal is that we know where we are and we will take plan a route or plan b. we need a few months to plan. host: in the short-term, it is general fund transfer? paul ryan: well, stay tuned.
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host: the answer is there's no answer? paul ryan: we are working on it. host: do they involve searching couch cushions? paul ryan: we have done the search for we are looking at getting i. -- getting by. host: explain to me how much revenue you expect to come in if you are able to get this agreement on overseas repatriation of income? how much would that generate and what of moving that to transportation? paul ryan: i don't know the answer to the first question because it is a moving target. i don't want to give you a number because it will change tomorrow. the way that this works is if we move, there are two ways you don't do repatriation. you don't do a way that cost money these days and you don't just do it without converting your system over, that would be really bad policy. you go from a worldwide system
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where we are the only industrial country that does this, the policy is killing jobs and making american companies less competitive. you switch from a worldwide system to an exception system like the rest of the world where every day is repatriation day, you can oil spring your money home but you have to convert the system over. that conversion is a repatriation where you get a one-time shot of tax revenue. you have to do that because going forward if you don't do that you have the old system with tax credits and new money in the new system that is exempt and it is really difficult keep track. there is no way to convert the system over without doing it this way and what that does is it brings a one-time shot of money into the treasury, around 100 billion, maybe north of that. that is what we see as a one-time thing. what we are taking shores it doesn't come without tax
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reforms. we can do tax reform on international in addition to the highway. host: you think you can get the of ministration and on this idea of a permanent exception? paul ryan: i don't know. host: does the consumer bill to be some help? paul ryan: i think they are both people i have talked to lately involving one of my closest friends here, i think the framework tracks with what the house has been doing the last couple of years and so we stick that framework as the essence of what it could look like. the fact that you have a democrat agreeing with some republican framework we have been working on, gives me a bit of hope. host: what about the export import bank? there's a chance people will attack that in highway funding to get it reauthorize despite your opposition from a lot of conservative republicans who view it as chronic capitalism. what would you do if xm got
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attached? paul ryan: i would rather the house put together a clean highway extension and call it a day. that's my preference. if something comes over from the senate i would just repeat what the speaker has said. jeb hensarling is one of our leading people who can go toward one of those amendments so we support jed doing that. we should just do a clean extension. host: you think it is that for good and should be? paul ryan: i don't know that i can project anything but that is my view. 1% of exports are attached to xm. 99% aren't. it goes to a handful of really big companies and we are basically using taxpayer money to subsidize the credit or transactions of large companies. and the transactions to
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subsidize foreign businesses purchasing. look at what delta airlines is doing. instead of what they can pay for. this isn't something the government should be involvedpicking winners and losers. a very narrow troop of people getting access to the federal treasury to subsidize their credit. the argument is that other countries do this so we should too. i do not believe that. we should export american free enterprise capitalism. not who you know capitalism. let's get the moral authority. that is why i think xm offends these critical principles of free enterprise economics. look at what is happening in china and greece. let's talk about real free enterprise. host: i do not want to talk a lot about xm because i have a lot. what about the argument that
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small and mid-size markets will not step in and make those loans. rep. ryan: they are a small fraction. xm more recently got into this to use it as a political cover. i think they will. if the government comes in and provide subsidized credit, who can compete with that? i think there will be a private sector alternative, but if there is not we are supposed to put our taxpayers at risk for subsidizing questionable loans? why should i ask you, you, and you to give me your money to get to these businesses? host: i want to bring in adam lerner, here from politico who has a question for you. >> i want to ask about 2016. you are the tax budget guru.
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what do you think about the plans that have been rolling out? 20 gigabyte rand paul's -- what do you think about rand pauls? rep. ryan: i think great. i want to see a vibrant debate on how to see -- how to replace the tax code and obamacare and fix our country's economic problems. i think it is fantastic that people are putting plans out there. i did this with budgets years ago. it was fairly lonely. it is wonderful more are willing to stick their next out there and put specifics out there. what i do not like about national politics is when it becomes a personality contest. i prefer by people running for office saying this is what i want to do. this is who i am and what i believe in and here is my plan. >> can you tell us what
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specifically you like in marco rubio's plan? rep. ryan: that he has one number one. that he has the guts to put one out there. number two comment it has a couple principles. lower tax rates across the board. his is sort of like an f tax. there are different moving parts. what i try not to do as chairman of the ways and means committee is to be a referee and say what is good or bad with these things. i want to encourage good debate. we will look at our own options in the committee. i think that because of the position i have, i should not be trying to out the enthusiasm or -- for people putting their plans out there. i try not to be critical of specific aspects of people's plans. the more evidence putting specifics out there, the more the west -- the more the rest
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will. host: staying on the 2016 theme for a moment. jeb bush talked about an economic plan that could generate four percent economic growth an ambitious target. twice where we are now above the typical growth rate of the past few decades. you think you can get there? he said people have to work longer hours. i think he might want that phrasing back if he could do it over again. what did you think about that? can jeb bush deliver 4% economic growth? rep. ryan: we can actually deliver 4% economic growth if we get the fundamentals right. i do not know the context about the longer hours, but i think he is getting that we have too many people having part-time work when they want full-time work. if we look at the labor market problems, the unemployment rate looks low. 5.3. that looks great. but there is a bigger story.
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not since 1978 or so have we not -- have we had this low a labor force participation rate. tens of millions of able-bodied adults in america, not looking for work, not in school to get training, or people in part-time jobs when they want full-time work. that is the problem. too many people are slipping through the cracks in society too many are not getting on the ladder of life. they are not on the notion of upper nobility. what some of our candidates are trying to get at our how do you restore mobility in america. phase in the american idea, that it is still here. that the condition of your birth does not determine the outcome of your life. you have the right to rise in this country. opportunity is here. if you make a mistake, you can redeem yourself. that is a critical element of what america is all about.
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there are a lot of people who do not believe that anymore. it is not in their communities. they have not experienced it for generations. they do not have faith in it anymore. that is a problem. we need to get out of that. i hope our candidates -- and we have congress will work on this as well i spent the last two years working on opportunity issues -- we have to show we had an answer to this. reignite mobility and the american idea. host: for i do not hear answer about 4% economics and how to get it. rep. ryan: tax reform. regulatory reform. the pace of relations flying out of these buildings around us is incredible. it is a chilling effect on startups. look at them, there it goes. [laughter] host: the labor department is right over there. rep. ryan: sorry.
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i think health care reform. which gets to the debt. we have this big overhang of debt coming. the debt crisis is still in the future. we are still making promises that the government cannot keep and it knows it. if we can get off the debt crisis, clean up our tax system, get our regulations sane and reasonable, and this energy opportunity we have in this country is incredible -- sees that opportunity. if you do those, we are in good shape. it is the basics and the fundamentals. do five or six things and so much will fall into place. we need to focus better, as a country, on restoring upper mobility to fight poverty. we have 45 million people in poverty. economic mobility is not moving. it is stuck. there is a lot we can do but you cannot fix it without economic growth. in addition to that, you have to do more to get people on with their life. host: i did a piece about jeb
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bush's economic advisers. you or someone he mentioned he relied on for fiscal policy budget matters. how closely are you involved in any one campaign? rep. ryan: i am pretty much switzerland in all of this. i am chair of this thing called the presidential trust for the republican national committee which is heading the general election find the nominee. because i chair this effort, which is to build the general election campaign pre-nominees so it is ready to go when the nominee arrives so we can have a turnkey operation we realized that there are things that should have been done that did not get done after the last election. i am chairing that effort to get those done. because of that, i stay as switzerland and speak wherever candidate that wants to talk, weber advisers. -- whoever advisers. host: switzerland, that is not
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the one that comes to mind. rep. ryan: mutual. host: much more 2016 we could do, but i want to talk about policy. we are obsessed with it. on the question of trade, there was a big fight over tpa. you got that down. was there a point in that debate when you thought you would not be able to deliver tpa to the president's desk? it really did hang in the balance. people like elizabeth warren were beating it up like crazy. rep. ryan: i always thought we would get it done. i felt that failure was not an option. that is the way i have an attitude towards what i do. if we had failed to do this, we would have said that both clinical parties have decided that america's clinical parties would not part of spain in the global trade. that was not an option. when pelosi -- we did not know
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she was going to do this. i was watching her speech at the end of the first round of debate. when she came out against taa something day -- something they assisted -- insisted had to be a part of it, that is when i realized something was in trouble. so kevin and i -- kevin mccarthy and i decided to just go to the vote. we went to ron and said we would have this vote anyway, are you with us? so we went and had the vote anyway, proved we had the votes got the votes, and because we did that that give us the ability to separate the issue so they cannot play this sabotage game. there was a 20 minute moment where i was not sure between
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when she said no, taa went down, and we brought the vote of anyway and we passed it. once we passed it, i realize we could find a way to get this done. host: where you disappointed about hillary clinton not taking a stand? are you disappointed in hillary clinton, paul ryan? [laughter] rep. ryan: what you want me to stay -- say? host: or you could endorse her to president. [laughter] it speaks to the larger issue where traders with democrats. a sensitive issue. she worked on tpp quite a bit. rep. ryan: i am familiar with that. if america decides not to lead in shaping the global economy and writing the rules of the global economy at the dawn of the 21st century, who will? china. europe.
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why would we want to do that? if you want to leave this country, lead this country and show you are willing to take tough stance to do what is necessary to lead the country. if you're not willing to do that, you not displaying leadership. host: let's talk about completing tpp. what role if any do you have in that now in terms of final status negotiations, when do you expect it done and the element of the former provisions that would protect intellectual property for pharmaceutical companies? should there be so many productions for big pharma? rep. ryan: do mean should there be projections for intellectual property and patents? should companies that invest billions to make our lives better have the ability to recoup those so they can make our lives even better is that
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what you're asking? host: that is in the ballpark. rep. ryan: america, we write the rules or someone else will. do we want to protect intellectual property and patents, yes. that is what capitalism and the enterprise is. it is important why we should leave. host: you do not think there are special carveouts that should apply to pharmaceuticals and not other industries? rep. ryan: why do you think we have big pharmaceuticals in america in the first place? why is america the leader in the world in life-saving drugs and medical technologies? because of our freeze enterprises them and intellectual property system and the basic scientific research we invest in. let's not get the goose that lays the golden and -- egg. that is my opinion. to your point, i think a
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realistic timeline is late fall for tpp. meaning 2015, still. another ministerial is being assembled at the end of this month, the 23rd two the 30th, i think which is long enough that they can reconcile a lot of outstanding issues. there are a good amount of as inning issues. the canadians need to get serious about agriculture and area. the malaysians need to come to the table with the reforms -- i can go on and on. host: taking it to the level that i might not. rep. ryan: so a lot still has to be done. there was a pause because of tpa, but now that that is done, people are coming to the table to finish this.
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we are very involved with this. we've fashioned tpa that had these guidelines. what we are doing now is making sure that our negotiators stick to the guidelines that congress laid in front of them with tpa. we monitor this on a day to day ongoing basis to make sure the final agreement conforms to what congress says needs to be a final agreement. and that things are not the agreement that we say cannot be in it. host: how confident are you that , assuming it gets to capitol hill and gets through after people have the 60 days -- rep. ryan: 60 days in the public and a 30 days in the house. host: you think it will pass? rep. ryan: if they negotiate a good deal. i remember days cap sent korea back to the drawing board when
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they messed up the auto provision. they have to get it right. they have to get a good agreement. high quality, high standard agreement. for us to pass it. is there pressure on the negotiators and our trading partners, yes. host: i want to jump back to the 2016 campaign and your decision not to run. at that time you said you wanted to be involved, as you are, clearly, about these issues on capitol hill. immigration, tax reform, trade. but you also said it will take a republican president to get the kind of tax reform done you want. why would you not want to be that president that person in the white house who was signing off on these things rather than the house ways and means committee working on them? rep. ryan: it is a phase of life thing. 45 years old as chairman of the ways and means committee with a
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10-year-old at home, i can make a huge difference in the country. these issues, trade, tax, poverty health care reform, they all go through the ways and means committee. i can be home on weekends and be the husband and dad i want to be. it is that simple. host: gets a packer games. rep. ryan: i think they will do well. our draft went well. we re-signed randall cobb. randall kolb is just awesome. incredible. we re-signed a key tackle. in rogers has the same line returning. davonte adams, our third receiver -- i am one of the owners. for $400, you can also be an owner of the green bay packers. i think they will team up on
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nelson and call. i think davonte will have a good year. when you the -- when you see an nfl team that parents defensive backs and quarterbacks with drafts, you know you are in a good place. host: you guys get to see what morning money really cares about. i do not know if we invited any sports reporter here for the paul ryan commentary on the packers. we jump back to the hill and fast-forward through the august recess. we are back in september and the government on date looms september 30. are we going to have another fight to get that done at the last minute, are we going to have a government shutdown? can you find an agreement palatable to both sides that funds the government the rest of the year? rep. ryan: will the democrats in the senate tried to shortchange the men and women in the military by trying to derail the defense appropriations bill, that is the question. if they try to play politics
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with our military, with the men and women fighting for us in harms way, i think that would be a bad thing. that would be to the detriment of our military. if they filibuster the defense appropriations, then that moment you describe will,. is that calms, we will have to assess at the time. how you address it. the deal that kathy and i did is done. it was a two-year agreement. i think what we have a solution for our military. if they try to deep six that solution they are saying the military is subservient to every other priority we have. the military is upon in some negotiations. host: visibly one other domestic discussion mary spending equal
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to the defense spending increase. without throwing the military under the bus or would it be equitable discretion of resources? rep. ryan: they would say the military is subservient to other priorities if they try to filibuster the defense appropriations bill. the formula patty and i is as you describe, but the president we set is you have to to scott spending in excess of what goes back into discretionary on cap. that is the president -- pre cedent we set. host: the other big thing after that is the debt limit. i assume they will not be intertwined given that the treasuries will probably get through november and december, but it will, again at some point. probably as the backdrop of the iowa caucus and the new hampshire primary. you will have friends and colleagues on the campaign trail that demand republicans do not
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raise the what -- the debt limit without significant new spending cuts and other measures that will reduce the long-term deficit and debt6. how will you manage that, given the administration will not accept a lot more spending cuts in return or debt limit increase? could we have a debt limit crisis after a government shut down, could you blow up the economy again? rep. ryan: what? host: all right, you do not break it. i did not mean you guys as republicans. i am talking about the general congress. rep. ryan: so i am so used to it so thank you to the media. [laughter] host: when i say you guys i mean a general reference to politicians. rep. ryan: when i say you in the media i mean -- [laughter] host: so how do we raise the
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debt limit? rep. ryan: right now we have a few things in front of us. highways. tax extenders that have to be dealt with. a lot of issues in the queue before that. discretionary spending. it is way too premature to speculate what a debt limit agreement looks like. i do not even want to go there because i have not given enough. of what this thing looks like. host: i would take a couple twitter questions. #morningmoney. what. frank things would you modify -- what dodd-frank things would you change? rep. ryan: all of them. -- host: i am channeling the
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financial reform groups who would send me that. rep. ryan: i would send them to bankruptcy. instead of having this amplified, two big to fail, uber regulator when they should be focusing on sound money, i would send it to bankruptcy. it escalates the two big to fail doctrine. the most offensive provision of this is we created a government agency that has zero accountability. the cfpb who gets the money from the federal reserve and not congress, which means no oversight. here is my fear and concern with dodd-frank. talk any community banker that serves rural communities. what they see coming is cfpb is standardizing credit so much they can not give credit to a small business. because these two big to fail firms get deemed as systemically risky, they can get cheaper
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money in credit markets because they will get bailed out if we have a problem. big banks, no offense -- nothing personal. the big banks can go out there and can take over the business. they get cheaper money. offer better products because of implicit taxpayer subsidies. small banks cannot read they cannot even customize credit. i see a concentration of economic power. an amplification of too big to fail. big banks will get bigger and small banks will get fewer in dodd-frank. that is bad for america, free enterprise, and people do not have good credit or are trying to start a business in rural america. dodd-frank puts a wet rag on the academy. best on the economy. do we want transparency, do we
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want is people make bad bets and they lose their money and not taxpayer money, yes. dodd-frank does not do that. it has done clearinghouses, but we have to reassess the approach. host: so you essentially supported repeal and replace. rep. ryan: i would not repeal and just do nothing, i would repeal and replace it with better policy. host: another twitter question. what are your thoughts on the recent dealings with climate change? rep. ryan: i read a lot of it. i read a few summaries and a lot of passages from it. it is important, number one that for non-catholics they think was is the word of the pope and therefore he closes the debate and it is settled. that is not what this is. for catholics familiar with the
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system and process, the pope is trying to start a debate. it is an invitation to debate. especially with ms. pope, i find that house years -- with this hope, i find that how he is reinterpreted versus how he actually writes is a big golf. -- gulf. it is important to recognize the totality of this. it talks more than just global warming or climate change. it talks about a whole lot more. it talks about the poor, upper mobility life. the need to protect all life, not just the environment, but human life. it is important people understand the totality of this and understand this is not settling the debate, it is trying to start the debate. host: i want to talk of your categorization by some on the left who love to say paul ryan
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likes to beat up on the poor. take money away from welfare programs. look at the terrible things he does in his budgets. i have to think it does not sit well with you, obviously. when you see those characterizations, how does it make you feel and what is your response to them? when democrats say this is a punitive budget that would hurt -- rep. ryan: i am used to it and it tells me i am getting somewhere. the status quo is unsustainable. some have described as a poverty industrial complex that is more focused on the preservation of the status quo than actually thinking about reassessing our approach to fighting poverty. we are trying to trigger a debate. reassess how we fight the war on poverty. my argument is let's put money aside. keep spending the same amount, that is not the point. it is look at what we do as a
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government and society to fight poverty. it is not working. now that we have had 50 years on this war on poverty, look at the metrics and how we define success. it is the fine so far as effort. host: how many programs have we created -- rep. ryan: how the programs that we created. and with all this, we still have the highest poverty rates. let's change the measurement of success to outcomes and results. how many people are we getting out of poverty? what works? patty murray and i have a bill we are moving through. we will pass of this year to set up a commission to figure out how to measure this. how to go from in input measurement system to one output-based measurement system. this is not partisan.
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if we can get to measuring success rates on outcomes and improving people's lives -- the federal government has a role but not the role to play in this. mickey's and subsidiaries, there is a lot we can learn from people successfully fighting poverty every day. we should be behind them, not in front of them. we should support and not displace them. we have a come back miniseries that shows you what is happening in the world. back to the bill is let's have a debate about what works and what does not. that is the better debate which will produce progress. if we just have this republican, emma cracked liberal conservative, cut this or spend that, we will have more of the same. both we try to fix this by having a results-based approach, we will be a whole lot better off. there are proven successes we
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can get behind to actually get at the root cause of poverty rather than treating the symptoms. i know you want me to stop talking, but our safety net is -- >> you will find the rest of this online. c-span.org the house of representatives is about to start their work. starting with general speeches and legislative work at 2:00. the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's rooms washington, d.c. july 13, 2015. i hereby appoint the honorable tom emmer to act as speaker pro tempore on this day. signed, john a. boehner speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 6, 2015, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour

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