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Transportation Sec. Duffy: Shutdown will have 'long term' impacts on air traffic control system
CNBC Television· 2025-11-03 14:42
this week, at the end of this week, uh, air traffic controllers are going to get a pay stub email that's going to tell them how much they're going to be paid uh, next week and that's going to be zero. And the clear point from the controllers that I've spoke with said, listen, a lot of them can deal with missing one paycheck, but a lot can, but many of them can. None of them can miss two paychecks.they all start their their their home fi finances fall apart and they're all going to have to look at taking sec ...
Senator Ted Cruz on Tax Bill, FAA Reform and LA Protests
Bloomberg Television· 2025-06-10 21:54
Legislative & Policy Focus - The Senate Commerce Committee is working to pass a bill to deliver on promises made to the American people, including securing the border, rebuilding the military, and extending the 2017 tax cuts [2][3] - The bill includes a $12.5 billion investment in modernizing air traffic control systems, addressing outdated equipment and embracing modern technology like GPS [8][9][10] - The Commerce Committee is considering a tweak to the moratorium on state aid laws, tying it to the federal broadband expansion program, which may face challenges before the parliamentarian [4][5] - The senator advocates for technology decisions based on merit, citing the $42 billion broadband program that failed to connect a single home due to dislike of StarLink [11][12] Economic Impact & Investment - The senator introduced a provision to create an investment account for every newborn child in America, with an initial $1,000 and the potential for $5,000 annual contributions [21] - Assuming historical S&P 500 growth rates, a child with this account could have $170,000 by age 18 and $700,000 by age 35 [22] - Failure to act by December 31st would result in an automatic $4 trillion tax increase, negatively impacting working families and small businesses [16] Social & Political Issues - The senator criticizes Democrat politicians for not supporting law enforcement and for siding with illegal immigrants and violent criminals [28] - The senator supports the federal government's authority to enforce federal law, drawing parallels to the civil rights movement [30] - The senator believes birthright citizenship encourages illegal immigration and has long advocated for changing that policy [19]