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tv   Senate Banking Committee Holds Hearing on COVID-19 Economic Recovery...  CSPAN  February 25, 2021 5:49pm-7:21pm EST

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heart of the investigation. >> governor, have you been asked to be part of this effort? >> no, i think i would like a - i would like a fresh crew. we've done our job. but i think we can be an example because our report was accepted and is accepted still. but no, i think it's time for -- the president calls you, almosth never say e no, but i think it' time for flesh blood. >> tom kean who served as the governor of unanimously nj and the chair of the 9/11 commission. thank you for your time today. >> thank you. weeknights this month we're featuring american history tv programs as a preview of what's available every weekend on c-span3. tonight a conversation between benjamin franklin and thomas jefferson. they talk about their roles in shaping revolutionary war era america and the constitutional government it produced. watch tonight beginning at 8:00 p.m. eastern and enjoy american
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history tv every weekend on c-span3. look into the economic recovery from the coronavirus pandemic. the economic to all of recovery with the coronavirus pandemic. >> welcome to all of you and the hearing members and witnesses. it should not be a surprise that the first hearing is about the coronavirus. it has affected every american's health, family, workplace. it's obviously infected the entire economy for nearly the last year. these are issues to come before this committee. we will get to work for all the americans who have not had much of a voice in washington or in our economy. working families all over the country no with that's. like they have too much experience watching the largest multinational corporations thrive while too often our
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communities and small businesses and workers get left behind. long before the great recession, our tax policy attack the industrial heartland and neighborhoods all over the country, frankly too often with bipartisan support. communities from the mahogany valley to vermont valley from newark, ohio to newark, new jersey saw factory after factory closed with no land to rebuild the local economies. entire neighborhoods and towns followed. people felt like their hard work no longer paid off, for black and brown workers, it never really had. they were the first to be prayed on. they were the first to be foreclosed on. now they feel like they are watching history repeat itself. people say this pandemic has been the great reveal are, laying there what's so many americans already knew, that millions of workers have little economic security, cannot get a
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foothold in this economy no matter how hard they work. so many families are one emergency away from draining their savings or turning to a payday lender if the bus quits running after 10:00 and she can't make it to her night shift, she loses her job. if the restaurant cuts back its hours, she has to choose between paying the rent or paying the electric bill. last, year i was talking to a grocer in ohio who told me they call me essential, but i feel expendable. they don't pay me watch it's not a coincidence that many workers and corporations treat as expendable black and brown workers, so often women. the pandemic is not only exposed racial disparity and income inequality, and gender disparity, it has made them worse. black and brown americans are more likely torque in frontline jobs, who are are more likely to be exposed to the virus and the anxiety they bring home with them.
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they are less likely to have paid leave, making the more likely to lose their job if they get sick or if their child gets sick, and less savings to fall back on because of generations of wealth inequality black small businesses close it twice the rates of white small businesses this makes it harder for their work to pay off, putting their lives in trauma for generations long before this virus. it's for the toll this pandemic has taken on women, ask any mother how she is doing now millions of american women now have three jobs in the last 11 jobs, full-time caregivers, teaching children, doing the job they had before the pandemic, and notice only one of those three jobs actually comes with a paycheck. for 2.3 million women, they simply cannot do all three. they have been forced out of the work force all together they are scraping by with last, trying to figure out how to pay their mortgage, health insurance, groceries this month
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it's always the same story with the largest corporations they are allies in washington spring into action. but when the rest of the country needs investment and support, they pretend we can't afford it under new leadership on this committee, we have a clear message. those days are over. we will not settle for the last black and brown workers don't have to settle for a system that treats them and their lives as expendable. mothers don't have to settle for doing three jobs with no help small businesses like those represented on the panel don't have to settle for scraps while they watch profits soar. ohio in the rest of the country don't have to settle for wall street first recovery, where the world interests have the -- president biden is doing with his plan, and what we will do on this committee starting today. witnesses will make clear the importance of recovery. all americans will hear from the president of the largest
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union working to keep his employees safe we will hear from a small business owner struggling to keep the doors open and workers in the job. we will hear from a legal services lawyer from columbus who has spent much of his time trying to help people stay in their homes we will hear from the mayor of an industrial town that suffered disinvestment for decades and has been stereotyped and is now facing the same challenges of cities and towns and neighborhoods in all our states, voices that have been ignored or shouted down, even ridiculed by corporate elites. we will get help to all people who stay home to pay their bills. we will keep the doors open for minority owned businesses. we will keep our buses and trains running and keep those workers on the job. it's about recovery, about
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rebuilding, about empowering all americans, no matter who you are, no matter where you live, no matter what kind of work you do. it's about investing in all communities to show the american people that their government is on their side. it's time to get to work. senator toomey? >> thank, you chairman brown. less than a month ago, president biden made a call for unity and promised a covid strategy based on truth, not politics, based on science, not denial. that's a quote. it's what makes it so disappointing that our democratic colleagues in the white house are pushing this 1.9 trillion dollar spending bill. they are using a process that's designed to not find common ground, designed to be purely partisan. it's not informed by any objective measure of needs the only organizing principle seems to be to spend as much money as possible and will fully ignore the adverse impacts of these policies. covid has been an extraordinary crisis.
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congress responded in an extraordinary way. when the government shutdown, because of covid in march and april of last year, it produced a crisis that congress responded to with five overwhelmingly bipartisan bills, almost four trillion dollars in relief. one of these bills was signed into law less than two months ago. for some time now, the economy has been in a recovery mode in april, the unemployment rate was 14.8% in january of this year, it's down to six point 3:18 states have unemployment rates below five gdp growth in the last report has been extraordinary the consensus for this entire year is to have extremely strong economic growth, as much as 5%. there's certainly serious suffering occurring in those industries, among workers and in the industries that have
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been hard hit, hospitality, travel, entertainment. but this bill is not targeted to them this bill is wasteful, not at all targeted, and largely unrelated to covid. this considers universal stimulus checks. the vast majority of the hundred 60 million americans that have received checks never experienced any loss of income. under president biden, if they follow the eligibility criteria, they will be giving 10,000 dollars to families with 100,000 dollar incomes that didn't lose employment about half of all beneficiaries will get paid more not to work than to work. how does that respect the dignity of work? a minimum wage increase to 15 dollars that the cbo projects will cost 1.3 million to 3.7 million jobs and deny so many young people especially that
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first step on the economic ladder. we have a witness today and he is going to tell us firsthand the kind of impact on his employees of the 15 dollar minimum wage. he has been subject to state and local government, another terrible idea, driven apparently by a desire to bailout fiscally irresponsible states and cities. consider this. and the aggregate, state and local governments for 2020 took in an all-time record amount of revenue let me say this again. there was no huge collapse of revenue in 2020 state and local governments set a new all-time record high for revenue that does not count. the 572 billion dollars we sent them anyway over the course of last year, and now we are told we need to send them another 350 billion dollars on top of that. transit, 30 billion dollars. congress provided 39 billion
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for transit, of which 14 billion was appropriated just two months ago. we are now supposed to send yet another 30 billion dollars. housing, 40 billion dollars for housing assistance? we provided 40 billion dollars in response to covid and 25 billion for rental assistance. vernthat was less than two monts ago. and that's all on top of the 800 billion dollars the federal government has provided in stimulus checks and unemployment benefits to cover expenses like rent and mortgages. mister chairman, it's disappointing that the presidents call for unity is starting to ring hollow. all five, all five the relief bills and acted today were overwhelmingly bipartisan. there's a reason this one is not. it's because there is no rational economic justification for what's and it just fail is not about covid. it's not about an economic recovery it's not about stimulus. it appears to be more about enacting a long-standing democratic party wish list the
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focus of congress should be working to return the economy to the pre-covid strength we had, where we were at record low unemployment levels and there were more job openings than there were people looking for jobs. that's what we need to get back to. one of the things we should be insisting on is that schools reopen and the president says he will be guided by science. the science is in. the cdc says it's safe to reopen schools and necessary for the sake of our kids that we do so. these closures have been very harmful to students performance and well-being in a variety of ways. mister chairman, the focus should be on the actions that will help this economy recover, instead of using the pandemic as justification for partisan policy priorities. >> i will introduce the five witnesses and then we will begin in the order of
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introductions. i will start with mr. costa. -- he joined local 19 in newark, new jersey about 40 years ago. he's been the president for three terms. he then became the national vice president and national president in 2019. , welcome president costa thank you for pushing for better wages and safer conditions for the transit workers. john brown is the 51st mayor of youngstown, ohio. he used to be the deputy treasurer, overseeing daily operations at the treasury office. my entire staff met with the mayor and we had a discussion about the challenges.
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welcome, mayor. the staff attorney at the legal aid attorney of columbus, ohio joins me. he's been there since december 2016. columbus is the 14th largest city in the country. thousands are struggling to pay their rent, mortgage, electric bill they opened eviction court and he is a strong advocate for advocating for tenants who have to face court. welcome, nice to see you mister doug is the president of the american action form. he served in policy positions as director of the nonpartisan congressional budget office. he was also director of domestic economic policy for the tate presidential campaign.
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doctor, i know we don't always see issues the same way, but thank you for bringing your passion, as does the chairman welcome back to the committee. last week, i had not remembered you were manager of the retail wholesale bakery that supplies to public distributors with italian cookies, pastries, and bread. welcome to the committee. thank you for joining and sharing your story mr. costa, you can begin >> mister chairman, thank you for the opportunity to testify here today. i'm john costa. transit workers are true heroes
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in this pandemic. they put their lives on the line each day to keep america moving. on behalf of the entire transit industry and riders, thank you for providing the funding necessary for transit to survive. without the 39 million in emergency, 80 would have approximately a grinding halt. the buses and trains have kept running so grocery store workers keep the shelves stocked child care workers keep our kids safe nurses keep of so alive you saved our workers jobs and we are grateful of course, the downside of staying on the job as a bus operator is that you are continuously exposed to covid. it's no surprise that thousands of transit workers have tested positive we drive tin cans with bad air circulation 130 5:18 union members have died from this virus.
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ty w. has lost even more. nearly 800 families will be the same. it didn't have to be this way. with proper precautions, trans can be delivered safely. but the previous administration let us down, from the beginning. the fda told us masks were not recommended we pleaded with them to get ppe to the transit systems. they ignored us. so we went out and got gloves and masks ourselves we also asked for help on social distancing, contact tracing, and other protective measures. but the fda watered down. each day, more of our members and passengers died president biden was left with no plan to get shots into arms and no reserves my home state of new
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jersey, transit purchased refrigerators to refrigerate vaccines so our workers can get the shots outside, but they've been empty for more than a month. so we wait for the shots, putting our lives on the line every minute. yesterday, another new jersey transit operator, our member, passed away due to covid-19 in addition to driving a bus, members are also masked police. they get attacked for enforcing rules and trying to stop the spread. we had a baseball bat beating in california, a two-by-four attack in texas. there was a bone breaking sucker punch in new york. it's happening everywhere president biden's mask mandate is a great start. we just need help and forcing it social distancing on a bus is hard to do passengers and
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many locations are allowed in the front row, too close for comfort, and we are now collecting fares a lot of buses have shields due to covid that's better than nothing, but still leave a gap exposing us maintenance and cleaning members do amazing jobs wiping down and cleaning the surfaces in our buses while ridership is way down, buses are still jammed in cities where people don't have a choice, not just newark where i am from. it's the midwest, the south. people have to go to work. they still have to come to work and they don't have a car essential workers like health care workers, grocery store workers, people who clean buildings, mostly of color blacks are behind whites and receiving the vaccine, not just because many are suspicious of the government.
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transit plays a huge role. transit systems across the country are now giving free rides to vaccination sites. our members are proud to play a part of this effort we cannot do this without funding. that's where you come. in local funding and fair box revenue are way down. we will need federal operations for a long time. 80 eu joins after an additional 39.3 billion in emergency funding. we hope the new bill gets spread around the whole country. we need to continue to provide essential services to places like pittsburgh, providence, charles town, baltimore, nashville, atlanta, and of course, youngstown. i want to get a shout out to atu local 272. transit dependent people will suffer and more will die due to this pandemic. we cannot leave anyone
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stranded. congress should do the right thing and provide hazard pay for all frontline workers who have put their lives on the line. people call us heroes, but at the table, we are zeroes. we cannot change what has happened in the pits. our members are not coming back, but we continue to support a strong federal role in enforcing these state measures and a seat at the table for workers to express their covid concerns. we can work our way through these challenges and safely deliver transit services. thank you. >> thank you very much, mr. acosta. >> thank, you chairman brown and ranking member for inviting me to testify before the senate committee on banking,, housing and urban affairs i am the mayor of youngstown we are a small city in the midwest with a population of about 67,000.
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this is 44 years since the closure of steel mills in the city. we've had a history of corrupt corporate politicians and governmental mistrust among our community. my administration had to overcome obstacles, get educational resources, and we have always had historical problems in our community a further hindrance in the effort of recovery is the decline of housing stock and transportation for those who need access to employment the current global pandemic has hit this community harder than ever. covid-19 has been a great reveal or of the health, social, economic, racial disparities of our community small to medium sized businesses also feeling the impact of a pandemic, especially minority owned businesses many of them did not have established relationships
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with a banking institution prior to the pandemic our needs are no different than other communities across the nation. when a city is barely rebounding from 50 years of economic decline because of outside forces beyond our control, those rebounds have been further eviscerated by covid-19. whenever federalist insist provided, it must be a long term, a coordinated strategy to get the resources we need to address the public health impact of covid-19, and ensure that housing, transportation, small business efforts are included in federal rescue plans if any component is ignored, the entire communities structure will likely fail. our cities have been hard hit by the economic downturn of this pandemic. this is because cities in ohio rely on income tax as a
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prominent source of revenue the tax sources much more susceptible to the economic condition, as opposed to a stable revenue stream. we have seen the impact firsthand. we are the county seat of our county, mulroney county. we have one of the highest unemployment rates in the state, ranking 75th out of 88 in the county. economic challenges have ripple effects all across the regional economy, from housing, to public transit, to the economy that sustains our small business. in order to recover from a pandemic, relief has to happen in our neighborhoods and communities, where they not only must survive, but thrive. cities do not have an opportunity to flounder for another dozen years. we need assistance to help
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build back better legacy cities like youngstown, ohio. this will include an outline for the distribution of covid-19 vaccinations, rental assistance for families, transit assistance to keep buses running so essential workers can continue to work, direct revenue replacement for cities, and small business support for hardworking business owners to keep their workforce the relief should be flexible, free of bureaucratic red tape, so that the pace of the recovery is not stymied by a federal mandates. transparency of local government should be the guiding mandate to reinforce accountability and build trust with communities. small businesses need assistance. small cities need assistance. small cities need assistance desperately. local municipalities need direct revenue replacement like 350 billion proposed by
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president biden. the impact of covid-19 is still affecting many of the citizens i represent families are still hurting they need immediate relief during these difficult times. i urge you to think of this as a long term, sustainable recovery plan to build back and create driving communities thank you mister chairman. >> thank you mayor. please proceed, thank you. >> chairman brown, ranking members and distinguished members of this committee, thank you for inviting me to today's meeting. my name is -- and i'm a staff attorney at the legal aid society of columbus, a nonprofit that provides legal assistance to low income clients. i run our eviction prevention clinic, the project where my team and i represent tenants and in fiction trials at franklin county municipal court. every morning, monday through friday, we watch tenants and landlords tenant check into
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court. about 9200 eviction trials are scheduled per day. all from 9 am before one magistrate. our court uses a -- where tenants, families, landlords and attorneys weighed in the atrium for cases to be called, one at a time for trials that simply last only a few minutes. my team tries to help as many families as we can and scramble for solutions that will keep them housed. our partner agencies try to can knock them with assistance. this is not always enough. and many tennant still end up being evicted. even before the pandemic, over 54,000 low and moderate income households in central ohio spend more more than half of their income on housing. when these renters lost their jobs or their hours were cut because of the pandemic, they were forced to rely on erratic spurts of stimulus checks, unemployment and rental assistance with little certainty about how much would come or when it would arrive. not everyone is guaranteed assistance because there just isn't enough to go around. even when assistance is available, many low income
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people are just paying off old debts, leaving nothing to pay next months rent. they are now hanging by a thread, they're constantly waiting for someone to save them. being ill from covid only makes it worse. tenants cannot pay rent when they catch covid and miss work. tenants cannot even attend court when covid puts them on a ventilator. we recently asked a landlords attorney to reschedule the case until her hospitalized tennant was well enough to attend. the attorney refused and replied that, although unfortunate, we will still proceed with effecting the tenant because that is the right of the property owner and that is how it always has been. the eviction more tourists are effective in preventing the scenarios and the spread of covid, but only if they are enforced. the moratoriums under the cares act and cdc have provided tremendous relief to many tenants. however, both moratoriums have had loopholes that have allowed devastating levels of evictions. that moratorium had little oversight and delicate enforcement of the self regulation of landlords.
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current guidance for the cdc moratorium allows landlords to continue filing evictions. if a tenant asked our court for protection under the cdc moratorium, that tenant must passed a truthfulness hearing to prove that they are truly poor enough to qualify. one of our clients lost his job to the pandemic and was supporting himself and his two kids on a 98 dollar weekly unemployment checks. his landlord filed in and -- a trial, the landlords attorney grilled him on why he couldn't spend any of his unemployment towards rent. the climb responded, it all went to food and utilities. the attorney then argue to the court that our client should have paid some of the unemployment towards rent. the court declined this argument and importers a moratorium. however, the landlord and filed a new invection against a client, claiming that he was now a holdover tennant. this client was one of the lucky ones. over 4000 convictions were filed in our court between september and december of 2020. less than 20 of them were actually halted by the
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moratorium. evictions and covid are also hitting a black communities to hardest. about 60% of our clients innovation quarter black. while black or dissidents only make up 24% of the columbus population, they're also twice is likely to die from covid if you're black than if you are white. none of my clients chose their race or to be poor or to die more easily from covid. the rest of us, however have a choice in either taking action or being bystanders to the consequences of this pandemic. we need more aggressive interventions, including reliable rentals assistance and effective efficient moratoriums. an estimated 272 to 552,000 ohio families are at risk of an eviction without such an intervention. well severances 1400 households nationwide face the same problem. these numbers don't even account for the millions of homeowners facing similar threats for foreclosures. widespread displacement of these families will devastate for years to come. we must do more to ensure that everyone has a home. not just because it is right,
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but because it is necessary. thank you. and i look forward to your questions. >> thank you sir. proceed, thank you. >> thank you for the privilege of being here today. to date, the response of congress of the covid-19 recession has been remarkable. it's been appropriately timed, appropriately scaled and had the appropriate targeting and composition. unfortunately, the american rescue plan does not meet any of these criteria, at least not my. it's not appropriately times. this is in march of 2021 when the economy was falling at an angle rate of over 30%. since then, recovery has begun, we had strong economic growth in the third and fourth quarter of 2020. this cbo projects that 2021, the economy will grow at 4.6% and current estimates are above that. the federal reserve bank of new york has a now -- for the first quarter of this
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year at 6.7%. the federal reserve bank of atlanta has a genie and analysis of 5.9%. this is not an economy that's in recession. it's an economy that is growing rapidly and just received nearly a three trillion dollars of federal support in december of last year. so the timing seems off. it's not inappropriate scale. 1.9 trillion is just way too large, even given the advocates of the need for stimulus. the problem according to the congressional budget offices that the economy is roughly 450 billion dollars below its potential because we had millions of people out of work and this is a 1.9 trillion response to that problem. it is far too large, the theory of stimulus is that we multiply are facts. we spend a little bit more than a dollar in activity and income, as a premier in testimony, if you assume the --
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their economy will overheat by the end of this year if we put 1.9 trillion in stimulus. so the scale is all wrong. and that shows some of the elements of the plan as well. the ranking member noted the housing assistance in this bill, combining the housing assistance from december with the condition proposed in this bill will give you something that's roughly doubled the problem, has estimated. and that ignores any income support that officials may have gotten to the unemployment insurance and economic support payments in the checks to the households are receiving. so, the scale seems wrong for the problem that we have. and the composition and the targeting is at odds with the basic idea. certainly, i don't think it should be thought of as a stimulus. the real problem is the recession came from the disease. the coronavirus is the problem, but we saw in march and april of 2020 is people stop spending
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on services. it did not go out and engage in any service that would involve personal contact, unless the risk of infection and transmission. in particular, the affluent households in america drop their spending dramatically. that spending has not returned, and there is nothing in this bill that will restore the spending of those affluent households. there's not a you i provision, there's no check, there isn't any of those elements that add up to 1.9 trillion to solve the problem. the problem gets solved only by addressing the virus itself, we should support every effort on vaccination, on testing, on contact tracing and on fighting the coronavirus and that in the end will restore the economy. and these will not. that spending still remains missing in action. the or other composition issues, this is not targeted on those who have been suffering any financial distress.
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it's a broadway's program. the composition of some of the elements i think are at odds with economics, raising the federal bonus up to 400 dollars a week is simply too large and extending it through the end of the summer, when we expect the labor market to have been restored to function because of the vaccination efforts, really will interfere with recovery and not supported. there is nothing about raising the minimum wage to 15 dollars an hour in the middle of this that will enhanced recovery. it will damage the small businesses, a quarter of which have already shut their doors in america. and, there are things in here that have nothing to do with covid-19, with recovering from recession, it contains a bailout of a multi employer pension plan that is disappointing given the partisan efforts then -- it contains expansions of the high tcm child credits for example. it might make sense, but has nothing to do with covid-19. so, i find this a disappointing
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effort, congress has done so well in responding to covid-19 this for, i would encourage the committee to look in another direction, thank you. >> thank you doctor. welcome to our committee, thank you. >> chairman brown, ranking member and distinguished members of the senate committee, thank you for your invitation to speak to you today. my family owns a bakery in new york. salinger is bakery does retail and wholesale bakery that supplies the public with italian baked goods. my father and his cousin, immigrants from italy founded the bakery 1983 in brooklyn. our bakery was a staple in our community for nearly 40 years, until we were unfortunately forced to close our doors in august of 2020. this bakery was our family's legacy. one filled with entrepreneurial
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spirit and rich with tradition, culture and love. it was the quintessential american dream for immigrants who came to this country to provide for a better life in their families. minimum wage heights and other state rate regulations acted as a silent killer let slowly chipped away of revenue, that caused our bakery to perish. covid-19 and the lockdowns were not the main cause of our closure, but the straw that broke the camel's black. coronavirus should not be used as a scapegoat for policymakers to further ignore the fact that small businesses abandoned in this country due to government regulations, making it difficult to succeed. the declining growth and long term -- became evident during the first few years of minimum wage increase in new york. at a retail bakery, three tiers of wages. first year was our night bakers. who got paid a premium for time differential. the second tier were dish of baker's, and utter tear were
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general laborers. general laborers are packers, retail counter-service and maintenance workers. these were individuals who typically consist of working students, entry level employees and hourly staff. these individuals started at minimum wage as they began to learn the trade and advance in their roles. as tier three minimum wage employees pay increased, one dollar per fiscal year, we just began creeping up to the two year to wages. and this is where the problem started. you cannot justify the fact that working high school students or entry level employees with no prior experience should be making the same wages as experienced staff. it is neither fair nor ethical. as years past, might hear two workers began to take notice of the minimum wage increases and demanded more pay. to compensate for their experience. it was soon the domino effect when the first tier employees wanted raises. we found ourselves with our backs against the wall in a
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situation where all salaries navy to increase. this crippled us. to put it into perspective, each year that the minimum wage increase to one dollar, payroll for the year went up 40,000 dollars. multiply that by the number of years has gone up, we are now at 120,000 dollars total. this chokehold was something that a small bakery could no longer withstand. i needed to make up for these increases and the only way to do so was to pass it on to our consumers. how much is someone willing to pay for a loaf of bread where pound of cookies? at some point, people who were used to paying a certain price for a loaf of bread, will start to complain and that's exactly what they did. customers began to shop for their big goods at supermarkets and large box doors. the stores offered lower quality versions of our products at a price point that customers were comfortable with. the corner bakery where they used to get their daily bread was now a luxury item, ultimately on special occasions
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and holidays. the big macy's benefited greatly from the minimum wage increase and they continue to see their valuations explode. they garnered more customers, our customers and replaced half of their minimum wage staff with electronic kiosks and part-time help. it was a win-win situation for big business. to add insult to injury, in 2020, the act provided additional -- to our employees exceeding the pay. we'll essentially lost our staff from march to july, because employees were making more money staying at home claiming unemployment. even though we received minimal assistance from the protection program, we called are employees to return to work, yet they did not. the economic disaster loan system we received did not even cover one months expenses. it became impossible to retain my workforce. maintain productivity and turn a profit. i had no choice but the
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clothes. the federal government provided more help for people to stay home then have people -- businesses stay open. small businesses created 80% of the jobs in this country. they're the backbone of america. if small businesses can stay indoors, this country will be harmed economically. thank you for the opportunity to hear experience and i look forward to any questions. testimony. i would >> thank you for your testimony. let me start the questioning with mr. costa. i want to express my condolences to the hundreds of transit workers across this country who have passed away from covid i know hundreds of transit workers in several unions, twu and others saw that. we send our condolences for the sacrifice they make. talk about transit systems and the dire need they face.
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these cuts would clearly have an impact not just on drivers, but on the public that needs transit to get to work. explain why further resources are so essential to transit systems writ large around the country. >> he asked, mr. chairman. with the restaurants closed down, bars closed down, revenue is not there. revenue is hurting in the states and cities. the last bailout gave us the opportunity, keep the jobs, keep the buses on the road. and if we don't have another bailout, it will go back. right now, many authorities are waiting for this funding. they need this funding. they are holding back on
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budgets to see what's going out. the reason i am saying waiting is because what they are waiting on is layoffs, cuts in service, which will just hurt the economy, her people that rely on transit like we spoke before. the need is there, and it's needed badly and quickly. my home state of new jersey, they don't know whether they will lay off. many other agencies are the same way. also keeping buses safe. they need money for that, protection, masks. it's funny. nobody is debating on funding. but when it comes to a war on poverty, we have this debate. americans need this.
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my family, they have small business to, and everyone has been hurting. it's up to government to help us here to have no more of them die, and also vaccines are much needed, especially for my members every day out there. >> can you comment on minority owned businesses in young town? >> this has been a great reveal or. it has exposed the underlining health issues that we talk about. it really put a focus on those underlying health issues in the minority community. they are dying at a rapid pace because of these health issues. it's also the issue of having access to health care that's appropriate, or the lack of
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good health care. the health issue has been a major, major issue to deal with in our community. >> sorry to squeeze your time. i guess most members of this committee, or at least the senate, don't intimately know people who have been a victim ed. describe what happens to your clients life when first the threat of action and then the eviction, what happens? >> senator, it makes it very difficult for families to just be able to operate with any normal expectation. kids can finish schooling because they end up moving out. you cannot even cook a hot meal anymore if you get affected. it creates so much chaos for
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families when you are being threatened to be kicked out. these are consequences of problems that will take years to recover from. we went children leave school, that puts them behind and has consequences in the future for their ability to become employed or go to college. and there is a lot of statistical evidence tying that to negative health outcomes, increased crime, and it is such a systemic impact. >> go ahead, finish your sentence. >> i did. >> sorry. senator toomey? >> thank you, mister chairman. i cannot see the clock maybe if we could make whatever
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adjustment we tried to do in the past so that would be helpful of possible. let me pose my first question. the fact is, in 2020, in the aggregate, income did not collapse. employee compensation was up 2% wages and salaries were up 2.2%. this was during the peak of the pandemic. savings reached an all-time record high and transfer payments were at an all-time record high. let me ask you this directly. is it your view that the federal government's policies more than replace to the total lost income of american workers last year? >> thank you we saw aggregate income rise over 2020.
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this is not an income related recession. it's the virus itself. >> right. >> if we do another round of stimulus checks, first, do you agree with my assessment that the majority of those checks end up going to people who never had any lost income, no interruption, and secondly, is it your view that that is not constructive for the economy to arbitrarily send money to those who haven't had lost income? >> there is no targeting on lost income in this proposal. the vast majority will go to people who have never had a day of interruption and are relatively affluent. that doesn't make a lot of sense. there is a risk. for me, big risk as we will see the money flow into savings accounts and then people think they can get some more out of it going into the stock market,
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we do a bit on the robin hood app with some calls. 21st century recessions have been preceded by financial volatility. i worry about hundreds of billions of dollars sloughing around financial markets for no good reason. >> we are seeing various asset crises. let me ask about the housing side, the eviction moratorium and rental assistance and i like to stress, we've already allocated to a trillion dollars of direct assistance to individuals, and that's a big part of why the aggregate household income is so high. let me ask you this. if landlords come to the conclusion that they will at least periodically be in a position where they have, no enforcement mechanism on collecting rent, what's the likely effect on the supply of housing and the cost of housing in response to that reality? >> being a landlord will be a
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bad business to be in. they will have much more expenses. historically, that's going in the wrong direction. >> so the short version as less supply and higher costs for low income housing? >> yes. >> let me ask a question for mr. craig. i want to be clear about something. when the unemployment benefits were increased to the point where most workers were paid more not to work than they got to work, did that create a difficulty for you and retaining your workforce? >> absolutely. thank you for your question. it was difficult because when employees are getting paid more to stay home, why come back to work? with the policy our governor put in place, you had to accept these employees when they came back to work.
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he would guarantee their positions. and it is difficult when you have to try to prove if an employee has contracted the virus are not. i was given no evidence, and when i contacted the department of labor, as they contacted me saying which employees were collecting assistance, even after they had told me, i had been in contact with someone, they automatically got two weeks it home and then in those two weeks they applied for assistance and stayed home until july. >> we are about to run out of time. very quickly, i want to be clear. the minimum wage who are subject to, and if that were to be rolled out nationally, is it your view that it does not affect equally small and large businesses, but puts the small businesses at a competitive disadvantage? >> absolutely. small businesses can't do the things that big businesses are
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able to do to compensate for those wage increases. one of those things as big businesses can't put kiosks out, self service stations. customers can pick up and pay and not even be in contact with the employee at all small businesses cannot do that, especially food services. i find that will be a very large gap in the future between small businesses and big businesses. big business will benefit. >> i think i am out of time. thank you very much. >> thank you, senator reid of rhode island. >> thank, you mister chairman. thank you to the panelists. jyoshu tsushima, the thank you for your work helping people. i think we've all concluded that one of the best forms of ppe is safe, affordable housing. we've looked in rhode island and discovered that among the homeless population, the annual
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medicaid costs 14,000 dollars compared to the average cost of 8200 dollars. if you are on the street, you are costing everyone that money, as well as exposing yourself to the covid virus. can you just tell me, because you are so close, the real cost to communities if we don't help them? i know there is discussion about income growth, etc, but low income people are not seeing the same benefits that higher income are. from your perspective, what is the impact if we don't act? >> thank you, senator reid for that question. the biggest consequences we see our instability with families and with communities. if you have a community that suffered high rates of eviction
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and miss placement, you see a lot of displacement that disrupts the communities ability to actually network and contribute to growing the community, looking at the problems they have, and addressing them. if you are evicted, you don't even have the chance to be a neighbor to someone. those things are absolutely crucial to organizing around the challenges they are dealing with as a community. what we see is a lot of the evictions are very concentrated and in specific zip codes. they tend to be black neighborhoods as well. and it affects so many different aspects of society that it's very difficult to even figure out where to start. one statistic i saw recently was that ohio experienced an increase of about 16% in
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childhood homelessness between 2015 and 2018. those homeless children and up experiencing a lot of problems that are by no means their own fault. it's something they will have to live with for the rest of their lives. they are not getting the education that they need, getting the shelter they need, getting the health care they need. and these are all things that bring new barriers for them that they have to figure out how to overcome on their own in order to even have a fair chance that just being a resident of columbus. these are things we really shouldn't expect, especially kids, they shouldn't be expected to have to figure it out on the ground. columbus is one of the fastest-growing communities in the nation. we certainly should have the resources to be able to address these problems.
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oftentimes, i think we have a mindset that everyone is individually responsible for figuring out how to pick themselves up by their own boot straps, but a lot of these impoverished community seeds even have boots gelling around. one small example of different problems that these families and communities are dealing with, i mean i can go on to how this affects unemployment when employees -- are when clients don't even have stable housing to return to, to rest after they have worked or once they get evicted, the end up having to drive for the way because they moved in with a family number across town. there's just so many different things that -- >> thank you. just a quick word, i want to thank you and your colleagues and your interview for what you have done.
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make our terrific leaders. one issue we're pushing, i'll just make a comment then ask a question, the coronavirus an economic relief and transportation services to help with the private bus industry and school buses, which are critical part to our economy. we help the airlines, we hope we can help these transportation networks to. i just want to thank you and your colleagues for your great work. and thank you mister chairman. >> thank you senator reid, i see the names on the screen in seniority order. why are the senators actually here? if they can turn their cameras on. if not, senator gains of montana is next. senator daines, welcome. >> all right, thank you mister
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chairman. and i want to thank you for hosting a very important hearing today. this last 12 months have been really tough. certainly for montanans and for americans across the country. thankfully, however, i do think we are finally turning the corner. we see that through economic data, we knew that through covid data. at least, it's in no small part due to five bipartisan bills that congress has passed since last year to help our country recover. and, we've passed these five bipartisan relief bills and it's just frustrating to see my colleagues on the other side of the aisle trying to push for a partisan two trillion dollar bill to continue to work across the aisle across the really french, and we've done successfully over the course of last year. five times. and targeted package that really helps the focus -- folks that need it the most. it's just been less than two months ago, we passed a nearly
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one trillion dollar relief bill of which only about 50% has been spent so far. 50%! but no, we should be focusing on tracking where that money is going, where more money might be needed and also where it isn't needed. any future relief must be targeted to those who need it the most. one part of the package that certainly isn't needed is a proposal for 350 billion dollars for state and local aid. i hope we have an become desensitized at the size of these numbers. thinking about the overall discretionary number of this budget. the entire budget is 1.4 trillion dollars, so this kind of shows the magnitude we're talking about here. and if fact, in 2020, we are not the proximity 360 billion dollars in aid to state and local governments. i support those packages that included that aid, however, when the state and local aid was passed, there were a lot of unknowns. the pandemic had just started. now it's been about a year, and
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we do know that in 21 states, it's as the ranking member mentioned earlier, 21 states actually have revenue growth compared to 2019. in fact, california specifically is looking at a 25 billion dollar surplus. so we do know now that 350 billion dollars more for state and local aid is not needed to help combat the pandemic. it's not needed to make up for lost revenue because of the virus, revenues are up! with this new -- it's going to help states that prior to the pandemic, like new york in illinois had fundamental fiscal problems, of course, pre-pandemic. and i don't believe montanans should be footing the bill to help states get out of long term financial problems. first question for dr., is there any way to justify sending an additional 350
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billion dollars to state and local governments? >> i don't think so. i would -- who has done a very detailed state by state analysis of the property taxes, income taxes, poor corporation income taxes, sale taxes and other fees and doesn't come close to that number and moreover, shows that the differences are very stark across states and so, if there is need for some state assistance, it should, like everything in this, be more targeted on places that generally have a problem. >> so i think, senator, we all agree with that we've got enough money for vaccines, and vaccine distribution. i work for procter & gamble prior to coming to congress, used to work on fda regulated products as part of helping with that ten billion dollars passed back in march to allow parallel pass of fda clinical trials by pushing a button on supply chain and manufacturing. it's shaved about six to 12 months on the timeline on these vaccines and thankfully, we're
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now starting to see distribution. so we've made great progress prioritizing vaccines, got a lot more work to do. but it's very concerning of this two-trillion-dollar package, only about 1% of this package goes toward covid-19 vaccines. and only about 5% is truly focused on the public health needs around the pandemic, and that's where -- you, know if we're gonna stop the pandemic, it's going to be with the vaccines. we should be doubling down on those efforts. any additional relief package must be targeted, focused on ending the pandemic, which we will do with vaccines, not on the strenuous policy that has nothing to do with the pandemic. doctor, don't you think we should be prioritizing aid for vaccines in actual public health needs with the strenuous policies that have nothing to do with the pandemic? the >> public health commission is the top -- that should be a priority in the second priority should be our targeted relief to those who have suffered great
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financial distress. >> one question for mr. -- in your testimony, you state that small business create about 80% of the jobs in this country and that's why we're so grateful when we did the tax reform back in 2017, we focused on passive small businesses. they are the backbone of american, you stated, if small business continue to close their doors, we will be harmed economically and these have permanent long term consequences. and pretty much everyone on this committee will agree with that statement. you discussed testimony about paying employees more on unemployment than they make in their jobs is harmful for small businesses. everyone wants a vaccine, can get a vaccine by the summer or even this year, but we're finding an extra 400 dollars to make a week on -- which oftentimes add up to not being able to get to work. how difficult do you think it will be to hire workers in that situation? >> i find that --
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thank you for your question, senator. i find that once employees have access to the vaccine, i don't believe it would be as difficult to hire or bring employees back into the workforce. just to bring it back a little bit to what you mentioned, one of the things i agree with you most is tracking where the money is going. if we're able to track, as you said, where all this money is being spent and which companies are getting it, employees can benefit greatly because they will have access to that. >> thank you. i'm out of time here, i appreciate it. mister chairman, thank you. >> thank you senator daines. senator ward i think is here. if you could turn your camera off, if not, i believe senator -- is up next. senator ossoff from georgia, your's first hearing, welcome.
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>> thank you, i appreciate it. thank you to our witnesses for your testimony today. i have to confess to being surprised to hearing some of the protest about this direct relief for the people. i think there's a reason that any percent of the american public supports this covid relief legislation and to address some statements made by a colleague earlier, working families in this country are not playing the stock market with this money. working families in georgia and across the country have had to bear extraordinary childcare costs, have faced significant loss of employment, medical bills, already working in precarious financial situations to begin with in many cases and this is a bipartisan relief effort and that it has the overwhelming support of a vast majority of the american
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people. and i hope that colleagues on both sides of the aisle can come together and instead of becoming bogged down in factional disputes, swiftly and in a united way, move this legislation through the senate. i want to address a question to you, mayor brown and ask you and then i'd like as well for mr. to see my to address this as well. what are the forms of exploitation and abuse that pose constituents you serve, in your case mayor, did legal aid clients that you serve are facing here in this crisis? >> senator, thank you so much for the question. i think i'll start in the housing area that i spoken earlier about. in the city of youngstown, to basically recovering economy.
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we have what we consider predatory lenders from a foreign investor who invest in a place like youngstown, ohio. they are seeing properties -- but they're raising those dollars and on the backs of the poor people, they are paying two to three times as much in rent monthly, than an average individual should have to pay. what we are finding also, that they are having land contracts and the contracts are not even binding or there is some stipulations, if you miss a few payments that we've had to have several of our local advocate groups actually take them to court to fight for that. so the predatory lending about the rent rate and then we have the issue of where they are giving them a land contract and the one thing many of the people are representing in the city of youngstown want, they want to be homeowners. and when that contact tracked is dangled in front of them and
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is actually a false pretense, it causes some predatory lending practice here in the community where i represent. >> thank you mayor. >> senator, thank you for your question. i would fully agree with mayor brown's response, especially in the housing area. we see quite a bit of predatory housing in columbus, and this has been a practice even before the pandemic. it's just something that has become a much more intense practice. and one of them is just two to tenants and homeowners are scrambling to find funds where they can. for homeowners, a lot of homeowners who cannot pay their mortgage, cannot pay their taxes, they're looking for quick sources of income to pay things off and sometimes they just don't know what the consequence of not paying their mortgage or taxes are. so, what ends up happening is they get approached by somebody who recognizes that they are desperate and will try to maybe
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buy their property for real cheap, but you know, by making these sort of threats that give the homeowner an ex expect asian, they don't get the mortgage owners taxes aid immediately, there will be criminal consequences or some other kind of civil legal consequences that is going to put them in the whole even further. so the end of becoming so desperate they just end up just selling their homes to get out of this whole. and for renters, it's a similar scenario. they're desperate to pay rent, so they're much more likely to be a short term high interest loans, they're more likely to start cutting back on essentials like food, medicine, utilities. it just creates very risky behaviors that open a lot of these people up to predatory behaviors that take advantage of their desperation. >> thank you and mister chairman, i yield back.
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>> welcome. you are on mute. >> thank you mister chairman, thank you ranking members. i appreciate you're holding this hearing today. to put this pandemic behind us or targeted to those who most needed. i also want to applaud my colleague from georgia for calling on a bipartisan approach to do this. the congress has proven its ability to approach this pandemic on a bipartisan basis, on a number of occasions before and i think we've done a very good job. i'd like to show one example if i might. in december of 2020, the senate passed an additional 900 billion dollars covid relief on a vote of 92 to six. one of the things that this package did was to set the emergency capital investment program. under this program, treasury group will provide up to nine billion dollars of leverage able to win -- directly to community development and financial institutions and to minority
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depository institutions, so that they can provide loans, grants and for small businesses, minority owned businesses and for consumers. this program was specifically targeted to those that may be disproportionately affected by the pandemic, especially those low income and underserved communities. the treasury has not even had a chance to get this to work. this could make a significant difference. i raise the example because we have to work to ensure the trillions of dollars congress has approved on a bipartisan basis is being spent expeditiously, and with the intended effect of helping the american people. we must ensure any additional taxpayer funds are not duplicative of unused funds and that we get the economy going again. with that, i would like to direct my first question to the doctor. thank you for your time and for
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being here. i want to talk about the longer term risk to our economy, including our financial stability, that come with uncharted oversight of stimulus of this nature. >> the calculations suggests that even small multiplier's, the economy reaches the potential in the fourth quarter of this year, and after that it's above potential. i'm not deeply concerned about price inflation at the moment. we've had low inflation for a decade. this will not turn that around overnight. i'm worried about asked site crises. we saw that with the cares act in particular. where the funds go in financial markets becomes a concern. i think the biggest risk of doing too much is the risk of financial stability. >> thank you.
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i would like to direct my next question, and my condolences to your members who have suffered and lost their lives. i appreciate your frontline service. i wanted to ask you specifically about a letter you drafted, february 1st. it came from leaders schumer and mcconnell. you noted public transit agencies face a projected funding shortfall of 39.3 billion dollars in 2023. how much of that shortfall is attributable to the pandemic versus pre-existing? >> good question, senator. . most of it is the pandemic. ridership is down, and it wasn't for the bailout, we to keep social distancing. the original idea is authorities were having massive
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layoffs. they were going to cut service, cut many workers jobs, thousands and in the first bailout, they were trying to keep the riders and drivers safe, because the service was cut. to answer your question, the pandemic was the biggest problem we had with working. >> could you explain how the 39 billion that was already appropriated impacting the shortfall? >> that was spent around. it was to keep jobs there, keep service running and also ppe. new equipment and parts were brought in, shields broaden, millions of masks were brought in, gloves, sanitizer.
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all that was done with money that was needed to keep us safe. . >> a my time is up. thank you. >> senator warren of massachusetts, welcome. >> thank you very much, mister chairman. i wanted to talk today about essential workers. they are just that, essential. they are the people on the front lines, still showing up for work even as the death toll in the united states approaches a half million people. these are the people who are keeping our economy, our health care system, our education system going. without them, it would all grind to a halt. but millions of those essential workers woke up worried this morning about contracting covid-19 on the job. for nearly a year, the federal government has treated these workers as disposable.
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these essential workers are disproportionately black and brown, and 5 million essential workers don't have illegal documentation. many are hardly making enough money to get by. the outright refusal of the past administration to protect essential workers in this pandemic has been truly shameful. that's going to change. mr. costa, you represent transit workers, school bus drivers, rail operators. the biden administration has now committed to issuing a forceful health and safety standard for all workplaces. can you just say a word about why that's so important for the workers you represent? >> thank you very much, senator. like i said in my statement, we've pushed and pushed to get federal guidelines and couldn't get anything. things were watered down. the biden administration came
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in quickly and reacted with a mask mandate for our drivers. it was huge. we appreciate that. the question about funding, we now have the funding necessary to bring that in without losing members masked police, as i spoke about. it was bad enough that we had members being killed. i am sure you read about this. i know you know about this. i don't need to remind many of our members about the debate you have on the bus about face masks. we appreciate the response, but now our focus is how it will be applied and how we will in force. it who will do the enforcing? once again, the money will be
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needed for those agencies to be helpful instituting this to save lives, not only for members, but the public. if a driver is infected and there's 100 people on a bus, they could be infected also. >> right. that's very important, thank you. health and safety standards are powerfully important. they are just one piece of the puzzle. i proposed to the bill of workers rights, protections, and benefits that i believe all essential workers deserve, including hazard pay, paid leave, health care protection. representative row connor and i are expanding it now to include priority access to vaccines. but we also know that unions improve workplace health and safety, and union workers are more likely to have paid sick leave and employer provided
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health insurance. right now, only about one in every eight essential workers is currently covered by a union contract. the essential workers bill of rights also includes protective collected bargaining agreements and the ability to join unions. there is another piece to this as well. we need to ensure that america's workers, including those who have battled this deadly virus every day in their workplaces, are not earning poverty wages. mr. costa, there are some who say that now is not the right time to increase the minimum wage. i would like to hear from you. would raising the minimum wage help promote and equitable recovery from this crisis that workers are facing? >> once again, thank you for supporting everything you just said. and as far as hero pay and, yes
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it would. we've been fighting for a minimum wage. every time we spread money around, the economy gets harder. this is america. why aren't we taken care of our working families? a 15 minimum wage would help the economy, the livelihoods of many families, minorities, we support it 100%. we supported it from the beginning. >> thank you. thank you mister chairman. it's time to deliver for workers, and that means doing everything we can, including budget reconciliation to raise minimum wage. i appreciate you being here, mr. costa. thank you. >> thank you. i see the names of senators
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crepe oh and tillis on the screen. i don't know if either of them is here, so i will go to the senator from maryland. >> thank you, mister chairman and ranking member to me. let me just start by seconding and strongly endorsing the comments just made by senator warren, with respect to the urgency of increasing the minimum wage. it would be phased into 15 dollars an hour over a period of time. i hope we will work to get that done. mr. costa, thank you for all that you and your workers are doing around the country, maryland, baltimore, washington. i look forward to working with you and the chairman and others
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to make sure that we address all the important security and health concerns that you have raised. your drivers have been right there on the frontlines fighting the pandemic, and it's sad that you've also had to fight people who want to use violence to challenge social distancing rules. i want to broaden that because we had earlier introduced a bill to deal with transit workers safety, even apart from the challenges of the pandemic, pedestrian protection act, thank you for your input on that. i wonder if you can talk about the need to move forward with that legislation. >> senator, long term we support transit workers in the pedestrian act to stop this
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endless assault on our operators. we want to thank you for that. it has been too long that it hasn't been passed. not one more operator should be assaulted. the industry needs to do something here with the design of a bus. we all know it. this is america. we are spending tons of money on equipment and no one is talking about the fact that every day that i wake up, an operator is assaulted around the country. this bill, i don't know why it has taken so long. it protects the riding public. if we don't fix the buses and if the riders don't feel that it's safe, the industry will die. if you don't have the industry, you can't build back cities. we need this bill to keep the
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agencies in a position that they can protect us and protect the riding public to keep passengers coming in to bring them back. >> thank you and please thank your members. as you say, no one should have to put their life at risk to do their job in transit, helping other people get to and from work. that's true during a pandemic, but it was true before, and that's why it's good to work with you. to mayor brown and touché emma, i held a forum in maryland the other day, a zoom forum on the issue of affordable housing, mostly focused on the housing emergency we are in right now. clearly, the eviction moratoriums have helped protect
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people. but there was an issue that was raised. there used to be a loophole, some people are still month to month. while the eviction moratorium could prevent someone from being evicted because they are nonpayment is related to hardships or loss of jobs and income because the coronavirus, that protection is not there for people who use lease comes to an end, even though that may be the reason that it's not being extended, as it normally would be as a matter of course. can you speak to that a little bit and if you have any ideas on how we can address that and whether it's something you've encountered? >> senator, i will just give you a sense of what is happening here in the city of young town. we see the eviction issue going
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hand in hand with the pandemic. i think i heard someone mentioned before that there was not a connection. the connection is individuals who are being evicted, now they have to live with family or friend, and if they are infected, now they are taking the infection to another home. it becomes a great spreader. the other issue is that we will not beat the pandemic. there will come a time when we will be on the other side of the pandemic. we need to make sure that we are prepared and that individuals have housing. people need to understand their rights if they are renting. there also needs to be a better understanding of how we figure out, now that we've come to this pandemic, because many of these workers are unemployed, we have to figure out how to retrain the workforce. and we have to make sure this is long term.
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the eviction is just one issue that is part of many in our community. they need to be paid as well, landlords. i think we need to make sure we have assistance for those to make sure they are not evicted. >> i appreciate that and i'm a strong proponent of the 25 billion dollar rental assistance provision that was pushed very hard by senator brown and myself and others in december. i support the increase in that proposed by president biden. ending here on the issue of long term unemployment, i am really glad you raised that. i know, and i will follow up later, i know mr. holt has also
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been very concerned about that. and so i see that my time is up, but i look forward to circling back with all of you for your thoughts. we look forward to proposals on that and to working with you. it will be a big issue as the economy comes back. we are at risk of leaving millions behind if we don't do something. >> thank you senator van hollen and. thank you to senator toomey. >> thank you mister chairman. >> i received 17 letters in relation to today's hearing from pennsylvania business owners and advocacy groups concerned about job loss.
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>> i thank the ranking member. for those on the committee, i see senator hagerty is still on and a number of others who wish to submit questions. those questions are do one week from today. please get questions you have for any of the witnesses. thank you again. i think the witnesses and think mr. to me. i know there are a lot of statistics about this pandemic. we have become numb to the numbers and i thought the stories you told about drivers and small businesses really matter. used the 2001 corporate tax cuts were not a success story,
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and neither were the 2017 cuts. ohioans know that. we tried that approach over and over and know it doesn't work for people in youngstown or for people driving buses. some of the top we heard today about raising minimum wage, i want to be clear to workers listening, when politicians say they don't want you to have a raise, they don't want you to have a ways you can live your life with. some all businesses are struggling. we are done aiming a low and i look forward to working with my colleagues to invest in the rest of the country so we can have a recovery. thank you all for joining us. the hearing is adjourned.
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pennsylvania governor tom wulf proposed a tax policy change calling for a minimum wage increase and additional investment in education and infrastructure. from harrisburg, this is 20 minutes. >> my fellow pennsylvanian's, these days are different and so is this budget speech i am talking to you from the governor's residence in harrisburg, and it's perhaps the only time in the last century a governor has not made the annual budget address in person you in the capitol, with much of harrisburg and front today, i am talking to my fellow pennsylvanian's directly. maybe this is


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