Chris Van Hollen

If I was a typical American household, I would have read the President's remarks as saying I am going to get a $4,000 pay increase.

I would just point out again, when President Trump and lots of other folks talked about it, they did not have a big asterisk next to the $4,000 pay raise saying it is going to be after the next election.

But I remember a lot of our colleagues, I mean, I can roll back the video on the floor of the Senate.

I have got to figure a lot of families who are out there looking at the overall picture are recognizing that at the end of the day they are going to get the short end of the stick, unless they are a big corporation.

In my State of Maryland, over 350,000 families will actually see a tax increase, including mostly middle-class families.

We passed a tax proposal that is estimated to increase our national debt well over $1 trillion.

The reason the cost of providing services to CHIP went down is because those children, if they were denied that alternative through the Children's Health Insurance Program, would have gone into the Affordable Care Act exchanges.

The good news is the Congress reauthorized the Children's Health Insurance Program for 6 years, and as was referenced, the Congressional Budget Office estimated that it would actually save money, I think you said $6 billion, compared to…

In terms of your planning, does it make your planning harder? And does that lead to some inefficiencies in terms of your ability to hire when you need to hire?

I am grateful for somebody being able to take an objective look at this and provide an analysis that we can use.

I just hope members will understand the consequences of their action with respect to actually saving taxpayers' money and providing an important benefit to our kids' health.

Thank you, Mr. Chairman.

The export control system actually does control that transfer of knowledge.

What is it that specifically we can change with respect to CFIUS?

I remain solidly committed to moving this legislation not only on the Senate floor as quickly as we possibly can

Thank you, Mr. Chairman, and thank you to the witnesses.

So you would support an effort to make sure that more of the funds that are raised into the Harbor Maintenance Fund go for that purpose, is that correct?

So how would you justify diverting funds that were raised for that specific purpose from people who were essentially paying a user fee, how can you justify diverting those funds for other purposes within the budget?

Do you believe that the Congress should direct more of the funds from that account into harbor maintenance at this point in time in order to make sure that we have the dredging that we need to make sure our ports are competitive?

Absolutely. I think we have got to make sure we cover all of those sources of financing.

I would hope that you would do that.

I believe that is going to be a major focus of the Committee's efforts.

So, at some point, Congress is going to have to make a tradeoff between what its spending programs are and what taxes it is willing to raise.

There is no analysis out there, no credible analysis that suggests that when you have a massive tax cut primarily going to major corporations that the result is actually going to be a growth that actually makes up for the lost revenue in…

If we want to avoid making the debt even worse and you are going to add $1.5 trillion to debt, the only way to deal with that is to then cut things like Social Security, Medicare, Medicaid.