. >>> mr. johnston, what is your reaction to mr. perkins' statements? >> i'm grad he' glad he's sayine things. we need to understand that we're a democracy, we are not a corporation. the ideas he has been proposing have been examined by philosophers and economists for more than 2,000 years, and every classic worldly philosopher and by the way george w. bush believes in progressive taxation. the idea of it is that we're all equal as people. the greater the gain you manage to attain, in a society as mr. perkins has done very well, the greater the burden you should bear to put back into society that made it possible for you to do that so that society will endure. mr. perkins is only thinking about himself, and today he's not thinking about the america that we will not live to see. >> it also sounds like he's not even thinking about history because it was not that long ago when the wealthy payed a higher percentage of their income to taxes. >> david, in 1961 if you compare it to 2011, now that's a long period of time, 1961 to 2011, it turns out that the 400

. >> what do you make of mr. perkin's comments? >> i've never met mr. perkins and i would not share his point of view. the key is that we all live in this region together. and the leadership groups role has always been define the problem and theb find workable solutions that everybody is all of us. i'll give you a quick example. 15 years ago we formed our housing action coalition. not just employers but the broad base of our community to environmental groups, neighbors, faith community members, our labor partners, trying to advocate for homes that are well built, appropriately located and well tively affordable in such a high cost marketplace. most of the homes that we advocate for throughout the region are not even for our own workers. they are for those who everybody is us in retail. those senior citizens and those with kids and others that are just so important for a vibe brant and just society. that is how we try to build the homes that we all need and we're going to continue to do that. we form the most innovative housing trust in the united states

people like mr. perkins -- he is his own worst enemy. he is hurting his cause. >> how do you do it through tax aches? isn't that just redistributing what you already have? >> what you do is take income at some small slice, 39.6% top marginal rate and invest it in things he's talking about. >> programs that aren't working >> we decoded the humanet cleat wealth. taxpayer money created the internet. that's created billions of dollars of wealth. >> we keep spending more and more an it's not work. we need to build better institutions. it's not always about more money, paul. more money isn't always the solution. it's about reinventing >> i love you both on this topic. i hope you'll come back and we'll continue it. i have a lot of stats to go through. thanks very much to both of you. we still want your comments on this as we tackle this issue. now as you can see with chris christie and joe biden, it's one of the biggest issues in the country. >> up next, could a white man hon fatally shot a teen in florida get off? plus a jackpot for weed. anot

there is no better way to fight big ol-- bigotry to-- now some say mr. perkins here is out of touch. but i think he is spot on with his nazi analogy. because you know who else called their enemies nazis, the jews. it looks like an anti-sell identify now. -- santa semite now, it's still me. got to work on that. got to work on that. all right. >> well, despite near universal condemnation tom perkins somehow found the courage to go on a network owned by a billionaire to make his case to the nonbillionaires. >> you are a multimillionaire. >> no, i'm not a billion -- >> i said multimillionaire. >> i created some billionaires but i unfortunate leigh am not one. i can buy a six pack-of-rolexes, but so what. >> so what, he's just a regular nonbillionaire joe six pack of rolexes. but somehow this appearance failed to win over the 99% thanks so president obamalib and the progressivecrat demagoguing by income inequality, the pope attack the so-called idol tree of money and hollywood vilifying the-- villifying the wealthiest 1% of dragons. i mean come on, come on, t

. >> mr. kevin smith. correcting, mr. keith smith. [inaudible conversations] >> and mr. perkins smith. [inaudible conversations] [inaudible conversations] >> ms. you did when is there, ms. judy milligan. [inaudible conversations] >> ms. roberta catherine and ms. ms. rachael divine. [inaudible conversations] >> ms. liz simon. mr. mark hyson. [inaudible conversations] >> mr. and mrs. john goldman. >> in honor of president obama's visit placed throughout the white house. some events have already taken place. the president's visit it yesterday. and today we cover the on arrival ceremony, a joint press conference, and along with the state dinner coverage here on c-span2. >> the hon. and mrs. harold rogers. [inaudible conversations] >> mr. and mrs. jack smith. [inaudible conversations] >> mr. herbert jelly. [inaudible conversations] >> this is mike donovan. >> mr. and mrs. joe benson. >> the governor of kentucky and mrs. bashir. >> mr. steve claman's. [inaudible conversations] [laughter] [inaudible conversations] >> mr. and mrs. steve holland. >> the secretary of as -- transpo

i think you hit the nail right on the head and i want to go on the record as saying i disagree with mr perkins i don't think your wealth should determine how many votes you as that would undermine the integrity of our system what i take issue with is the fact that you have individuals who do not contribute into our system have equal say where i live here in perdition new york city you know how to mare who pandered to this this weakness and the promise of something for nothing is very entice thing and these individuals went out in mass to get something that maybe they'll receive maybe they won't so you don't see or try and sell me david that because of our low minimum wage laws the bottom raphael forty percent of american workers who are working on the forty fifty sixty hours a week work on their ass and they can so little money that they're putting their residence now know if they have withholdings irrespective of what they get back whether it be the earned income credit or childcare credit that's fine they're a voter i'm only talking about individuals who contribute positively nothing

perkins i don't think your wealth should determine how many votes you of as that would undermine the integrity of our system what i take issue with is the fact that you have individuals who do not contribute into our system have equal say where i live here in preditions new york city you had a mare who pandered to this this weakness and the promise of something for nothing is very enticing and these individuals went out in mass to get something that maybe they'll receive maybe they won't so you don't see your try and tell me david that because of our low minimum wage laws the bottom forty percent of american workers who are working on the forty fifty sixty hours a week work on their as a nine and a kid so a little money that they're paid they're not going to have as it is now know if they have withholdings irrespective of what they get back whether it be the earned income credit or child care credit that's fine they're a voter i'm only talking about individuals who contribute positively nothing you can't compare somebody who's out in the workforce working their rear ends off whether

met mr. perkins and i would not share his point of view. the key is that we all live in this region together. the leadership group's role has been to find the problem and then find workable solutions that serve all of us. i will give you a quick example. 15 years ago, we formed the housing action coalition. not just employers, but the broad base of our community. environment of groups, neighborhoods, faith community members, labor partners, trying to advocate for homes that are well built, appropriately located, and relatively affordable in such a high cost marketplace. most of the homes that we advocate for throughout the region are not even for our own workers. they are for those that serve us in retail. senior citizens. those with kids. others that are so important for a vibrant and just society. build thew we try to homes that we all need. we will continue to do that. we formed the most innovative housing trust in the united states. only workers looking to buy that first home, but to build affordable rental ,omes and homeless shelters t

>> i have never met mr. perkins and i would not share his point of view. the key is that we all live in this region together. the leadership group's role has been to find the problem and then find workable solutions that serve all of us. i will give you a quick example. 15 years ago, we formed the housing action coalition. not just employers, but the broad base of our community. environment of groups, neighborhoods, faith community members, labor partners, trying to advocate for homes that are well built, appropriately located, and relatively affordable in such a high cost marketplace. most of the homes that we advocate for throughout the region are not even for our own workers. they are for those that serve us in retail. senior citizens. those with kids. others that are so important for a vibrant and just society. that is how we try to build the homes that we all need. we will continue to do that. we formed the most innovative housing trust in the united states. it helps not only workers looking to buy that first home, but to build affordable rental homes

class working people certainly poor people have very little sympathy for those who, in the case of mr. perkins are building one of the largest yachts in the entire world that costs $150 million and they're trying to put food on the table. there is inquit whe inequity whs to income, regardless how successful they have been and how many jobs they have created they're not going to get a whole lot of love from those who are struggling just to live their lives. >> dave thank you. >> you too john. >> until today most banks did not want to touch the money. paul beban is live in denver, colorado. one of the first to legalize marijuana. the government issued some new guidelines about banks and marijuana sellers. tell us what happened. >> well, good evening john. that's correct. there are some new guidelines. let me tell you where i am, in lodel wellness, a marijuana wellness shop, you can see their grow room, and on the other side is a line of customers who are coming in for recreational and medical marijuana. the department of justice and division of treasury called the financial crimes enfor

i mean, mr. perkins has been so down to earth in the past with interviews. >> you have owned fancy yachts, fancy cars. >> yes. >> and underwater submersible. >> airplane. underwater airplane. >> i saw it. it's basically an airplane that flies under water. >> right. >> do you worry at all that you are divorced from reality? are you divorced from reality? >> i don't know if anybody can answer that. truthfully, i don't think so. >> wow. this is absurd talk. he is not alone. just last week, the ceo of aol cited two sick babies as the reason he needed to cut employees' 401(k)s. forget the fact that he makes $12 million a year. that didn't factor into his logic. maybe thinks he is worth more. if so, that's just in line with what this billionaire was thinking. >> the, quote, 1% are being pummelled because it's politically convenient to do so. the 1% work harder. >> the 1% work harder. that's why they're worth millions of dollars a year? but minimum wage workers, well, here is what another multimillionai

i think what mr. perkins was saying was that this enormous emphasis on, quote, unquote, the disparity in incomes and the, quote, envy question had elements to it that were very negative. and i couldn't agree more. >> and you know, if you just want to be absolutely honest, sam, with what we need to do for jobs in this country, the single minded focus on the minimum wage by the administration, it's clearly another wedge issue that -- a populous wedge issue that doesn't really scratch the surface of the steps that we need to take to address unemployment and yet it's done for the precise reason that you're talking about right now. so perkins says one thing, well, on the other side, they're manipulating the entire argument to their own advantage. it's just a frustrating environment to be in right now. >> what's new about that? that's been going on for six years now. >> five years. >> five and a half years. >> i know. but at this point, would you say in the past where regulation and uncertainty caused you t

you are the two or three perkins of the chimney to the disgust and contempt. richie adventure with the intention of witness to my plight to that used to prepare for what mr costello on as party leader in and gilmore house and the bow in charge should be given the opportunity to answer further questions the irish consul of civil liberties says a full blown inquiry is needed. we think that that is the only way that we're actually going to get to the awesome with the core question which is two books g cell. call for an inquiry is backed by both hanna for lunch in the end neil martin confirming today that his party will be supporting actions in private member's motion in that old tomorrow. despite the government's attempts to sow confusion. to find that the pain of good interested this is a botanist mall last week. we know no one week on it was in rehab or axis committee. i'm looking into this issue and uncertainty i've asked them to have a committee hearing should take place before the senate for the decisions as far as i'm concerned. wednesday's committee said t

. >> thank you, mr. chairman. >> we want to thank our witnesses, first mr. bob bauer. in addition to serving as co-chair of the presidential commission we're here to discuss, he's a partner in the law firm of perkins-couey. he was general counsel to the democratic national committee in the 2008 and 2012 election cycles. was general counsel to obama for president. his credentials are strong. mr. ben ginsberg serving as co-chairman, he is a partner in a law firm. in 2012 and 2008, he served as national counsel to the romney for president campaigns and i won't get into it, but he has had a profound effect in our electoral system. you changed america, not in a way that i liked but amazing with what you did. we would ask each of our witnesses to limit their statements to five minutes and additional statements. without objection, additional remarks, without objection, will be read into the record. >> senator schumer, senator roberts, members of the committee, thank you for the opportunity testifying today with my co-chair. we discussed in advance how we would organize it so

mr. secretary. and let's remember that most in this room, or everyone in this room, sons and daughters, many our spouses, many are parents. and on that day in 9/11, many of those new people who perished were people who were at risk, and the whole country suffered on your birthday again changing experience, and a scholar that in some ways will never heal. i'm going to ask you some questions in a friendly manner, but designed i think to tease out a little more information about some of the topics in your speech and about you. we know you're born on 9/11. i'm told you wanted to be a subway conductor in new york city when you grew up. close enough to that. >> that's my next life. i want to be a subway motor man on the number seven train. >> there've ago. in case you don't know this, and it matters to me since i have four kids and for grandkids in new york city, the new york subways are protected to a substantial extent by dhs assets. thank you. so -- look at that. [laughter] so, your backgrou

mr. cummings: amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 1 printed in house report 113-362 offered by mr. cummings of maryland. the chair: pursuant to the rule, the gentleman from maryland, mr. cummings, and a member opposed, will each control five minutes. the chair recognizes the gentleman from maryland. mr. cummings: thank you, mr. speaker. i'm offering this amendment to strike section 5 of h.r. 899. my amendment would preserve the integrity of independent agencies. the unfunded mandates reform act currently exempts independent agencies. the bill we are considering would remove that exemption. that would mean that these agencies would have to submit their rules to the office of management and budget for review. congress creates independent agencies to be just that, independent. requiring these agencies to submit their rules for review by the white house no matter who the president is would be inappropriate. some of the agencies

. >> we want to thank our witnesses, first mr. bob bauer. in addition to serving as co-chair of the presidential commission we're here to discuss, he's a partner in the law firm of perkins-couey. he is general counsel to the democratic national committee. in the 2008 and 2012 election cycles was general counsel to obama for president. so as you can see, his credentials on the democratic side are strong. equally strong is mr. ben ginsburg. in addition to serving as co-chair of the commission, he is a partner in the patent boggs law firm. in 2012 and 2008 he served as national down -- counsel to the romney for presidents campaign but he's a a profound effect in our electoral system in 1992 and 1994. you changed america. not in the way i would like but it was amazing what you did. and with that let me turn it over to mr. bauer. we'd ask our witnesses to limit their statements to five minutes and additional statements, without objection, additional remarks, without objection, will be read into he record. >> senator schumer, senator roberts, memb