LIVE: OMB Director Shalanda Young testifies on 2023 Federal Budget
Young [OMB Director]: They get a lot of benefits from carrying investment income…including getting to use that as leverage for loans…many regular people only have work income…we have to find a way to deal with those who pay no income on taxes, that are supposed to at some point, that are often deferred.
McClintock: How much are the one-and-a-half million illegal immigrants that you have admitted into the country costing taxpayers?
Young [OMB Director]: I look forward to the support you have for the 5% increase of DHS that would allow us to manage the southern border.
[non-answer]
Burgess: Will they [billionaires] be able to deduct losses from their taxes if the [stock] market goes down?
Young [OMB Director]: For those 700 people [billionaires] we are phasing in over five years, for exactly the reason you are talking about.
[today for billionaires, tomorrow for everyone]
Flags at half-staff is probably because Representative Don Young is lying in State.
Representative Good: The government crushed the economy in the name of the China virus.