unquote from, as i said, chairman of the senate finance committee. unfortunately, where senator wyden and along where many of colleagues from both parties see an opportunity to get something meaningful enacted before the end of this year this white house sees yet another opportunity for gridlock. so, madam president, i just would say i strongly believe that promoting charitable giving should be a high priority. earlier this year senator wyden and i circulated a letter signed by 33 of our senate colleagues to then-finance chairman baucus and ranking member hatch urging them not to weaken the charitable tax deduction in any tax reform effort. as a member of the finance committee, i haven't signed many letters on tax reform as i generally believe that everything needs to be on the table. however, i made an exception when it came to charitable giving because i believe so strongly that promoting charity is an integral part of who we are as a nation. much like the deduction for charitable contributions, the provisions of the supporting america's charities

from the transportation authority finance committee. and will be moving on. and madam, clerk, the clerk is steve. sorry. >> and also, would i like to thank, charles our friend up at sfgovt tv for broadcasting this meeting, mr. clerk, could you please call item number 2 item one one? >> roll call. >> cohen? >> present. >> commissioner farrell? >> absent. >> tang? >> present. >> commissioner weiner. >> present. >> we have a quor up. >> could you call the next item? >> consent calendar, 2 and 3 comprise the consent calendar, these are routine and not presenting but prepared to present if desired, any of them may be removed and considered separately. >> thank you very much. >> is there a staff presentation on items 2 and 3, no let's take public comment on item two and three. >> seeing that there is no members of the public that would like to comment on these two items, and this item is a roll call volt for item two and three. >> cohen. >> question. yes. >> farrell. >> absent. >> tang. >> aye. >> weiner. >> aye. >> consent calendar passes. >

it's been moved by the finance and planning committee for items are on it. is there any extractions? otherwise, we will vote on the consent calendar as a whole. >> i move we accept it. >> it has been moved to the committee. so prepare for the vote if there is no further discussion. all those in favor please a aye. opposed? the consent calendar has been accepted. thank you very much. >> thank you measures item 7 is out care master plan determination application review for the jewish home >> good afternoon commissioners on calling [inaudible] and at your november 4 meeting i presented the proposed budget by jewish home where they are proposing to maintain their skilled nursing facility services, to expand psychiatric services, expand assisted-living services and create a new program called the square to serve older adults within both on their campus and in the community. at that time i provided you with the draft resolution that found that project was consistent with the at our recommendation that healthcare services master plan and should be considered for in

committee meeting. i have one technical amendment we need to get done today, page 4, line 18, to change the number 5 to 6. i'd like to make a motion to make that amendment -- >> motion by supervisor farrell, seconded by supervisor campos. without objection that amendment is adopted and on the underlying item can we day same house same call? this is passes unanimously. >> item 6 is to [inaudible] for parking ticket increased small [inaudible]. >> same house, same call. this ordinance is finally passed unanimously. item 7. >> an ordinance to authorize the municipal transportation agency to include any contracts it executes for next year after soliciting a competitive solicitation [inaudible] individual providing security services under the contract. >> all right, same house same call? without objection this ordinance is passed unanimously. >> item 8 is an amendment to sales permit and amending the business and tax code by increasing the annual license and application fees making the environmental finding.

. >> coming up, the senate finance committee hears testimony. tax and retirement policy analysts speak about the gap between how much americans are saving and savings needed. this runs two hours. >> the finance committee will come to order. when you take a look at the state of retirement savings in america, america, it is clear that something is out of whack. the american taxpayer delivers $140 $140 billion each year to subsidize retirement accounts, but still millions of americans nearing retirement have little or nothing saved. the fact is, the, the incentives for saving and the american tax code just are not getting to those in need them most. a pair of new studies spells out the issue. the federal reserve found last month that an employee with middle of the tax savings has about $59,000 set aside for retirement, yet according to the government accountability office some 9,000 taxpayers have ira accounts worth more than $5 million. it would take several lifetimes of work for the typical middle-class american to say that much money. so how so

if we are going to do that, one suggestion would be that we have a budget finance committee meeting on january 7th, and right after our first board meeting in january, but before those of us are being sworn in and also, potentially have a new supervisor, and that will give a few weeks to allow this to unfold, if you will. and we can deal with it at that time. one suggestion, mr. rose. >> the only comment that i wanted to make, supervisors and i am not just saying this, and really i mean it, that the question has been raised. and i want to point out that the original leases were awarded. and so that there and they went through the process. and there is a remaining term as i understand it, of approximately 3 years. which is different than the proposed ten years, i just want to point that out to you as a matter of fact >> that will be my preference to allow this to sort it out. >> supervisor campos. >> thank you. let me say that i i think that this is important to give the airport the opportunity to address some of of the concerns that have been raised here. and so, even though there is a

in addition, whistle-blowers have informed the senate finance committee that the ongoing i.g. investigation has centered on high-level officials at the s.s.a. including members of ms. colvin's immediate office. and that the alleged criminal conduct may extend to irregularities in the awards of contracts for the dcps project. this is a serious problem, madam president. i don't know how the senate can with good conscience vote to confirm anyone with this type of ongoing investigation going on around their immediate office. it may very well turn out that ms. colvin did nothing wrong, but we need to know for sure. this is a really important position. that's why i along with all the republican members of the senate finance committee sent a letter to ms. colvin last week asking for more details about the

senate finance committee, couldn't agree more. the lack of certainty about these tax provisions is bad for american families. it's bad for business looking to create jobs. and it's bad for our economy. it leaves businesses unable to plan ahead and invest because they're left in the dark about what tax provisions will affect their operations. so what happened to the deal? why are we at this debating another kick of the can down the road? well, the imperial presidency has happened. the president has decided that instituting executive amnesty was the best course of action before the end of the year. president obama's immigration grenade doomed the tax extenders deal negotiated -- real negotiations unraveled. a veto threat was issued and the bipartisan compromises were killed. because of president obama's "my way or the highway" approach to leadership and to amnesty, congress is now forced to once again cobble together a one-year tax policy patch that basically nobody really wants. this hurts families, job creators, farmers, ranchers,

. >> good morning, everybody, welcome to the san francisco board of supervisors budget and finance committee meeting for wednesday, december 10, 2014. my name is mark farrell, i will be chairing this committee, i am joined by supervisor john avalos and will be joined in a moment by supervisor eric mar i want to thank bill dillon and jack chin as well as the clerk of the xlit , linda wong. >> please silence cell phones and electronic devices, completed speaker cards and any documents to be xlud as part of the file should be 134i9ed to the clerk.

. >> coming up, the senate finance committee hears testimony. tax and retirement policy analysts speak about the gap between how much americans are saving and savings needed. this runs two hours. [inaudible conversations] >> the finance committee will come to order. where you take a look get this state of retirement savings in america is clear that something is out of black american taxpayer delivers $140 billion per year to subsidize retirement accounts. but still millions of americans near retirement have little or nothing saved. of the incentives for savings are just not getting to those that need them the most under steady spells out the issue the federal reserve found last month an employee would nibble at the savings at $59,000 set aside for retirement but according to the gao 9,000 taxpayers have i.r.a. accounts more than $5 million per though it would take several lifetimes of work for the middle class americans to save that much money. also had this massive i.r.a. accounts come to the? they seem to be sweetheart stock deals that most in

. >> >> >> finance committee, i'm commissioner cohen, the chair of the committee. to high left is tang, and to my right, wiener and farrell. i would like to think, charles and jesse for their help in presenting this committee hearing. the clerk of the committee is steve staymous. and mr. clerk, call item number 2. >> item 1 roll call. [ calling roll ]>> item a. >> we have a quorum. >> okay. thank you, could you please call item number 2? >> consent calendar.

. >> thank you this is an item that came before the budget and finance committee and it's a contract at the airport i raised concerns at the budget committee and so we'll be voting against that today. thank you. >> all right. any further comments? seeing none same house -- oh, roll call vote madam clerk. >> tang aye weiner aye yee aye supervisor avalos avalos no supervisor breed aye supervisor campos no, supervisor cohen aye supervisor farrell aye supervisor kim kim aye supervisor mar aye. mar aye. >> there are 8 ayes and 2 2 2 noes. >> this resolution shall be adopted. >> item 23 a resolution for installation of subsurface tie backs at 923 if at 923 fulsom street development project. >> without objection this resolution is adopted. supervisor avalos. >> thank you madam clerk i'd like to rescind the vote on item number 7. >> all right colleagues without objection. seconded by supervisor farrell without objection. >> i have continued the items from the last reading just making sure that we're aligned with our proper way we align our services for security for the mta and we'll explain

as you will recall, the finance committee reported its tax extenders package in april, and a few weeks later, progress stalled on the senate floor when the senate majority leadership refused to allow votes on any amendments. after that time which was in mid may, the tax extenders set somewhat in limbo although both sides acknowledged a desire to get something passed during the lame-duck session if not before. the advance committee extenders package, if you remember, extended 55 expired or expiring tax provisions for two years without making any of them permanent. the house took a different approach which was to make certain important tax provisions like the r&d tax credit, for example, permanent, bringing more certainty to american businesses, families and individuals. over the past several weeks, negotiations have been ongoing in the hopes of reducing a bill -- prowg a bill that combined the senate finance committee's package with the approach taken by the house. now, i'm generally hesitant to publicly comment about what happens behind closed doors in negotiations, but on the other ha

the finance committee continues to work on modernizing the tax code. it needs to take a good bipartisan look at fixing this issue. with limited resource, it is crucial to use taxpayer dollars as widely as possible. this same study from the federal reserve included the federal reserve include another alarming piece of information. nearly a third of workers according to the fatah have no pension and not been set aside for retirement. it is a fact of today's economy that millions of americans are walking on an economic tightrope and are unable to save. report after report has shown that america's middle class has the best struggling to stay afloat. five years after the great recessionary means tough for many people to find and keep a steady job. , they tied up before the housing collapse and they are not yet closed before recovery. at the same time, workers, especially younger ones are changing jobs more frequently than ever before and may find it difficult to save without portable savings account. women face special challenges to savings that has to be a

committee? >> yes, we have been briefing them because nadia sits on the ocii over board as well and we have briefed the mayor's office as well on the real estate klaleral and so they have been involved. >> and the last question is the margin that you said was set or that you spoke of what it would be for the first year, and what is the... >> it is just a half of a percent each year there after. and so it will go up to 2.75, in the second year and there after a. and increase. >> and the interest rate cap, is going to be subject to some competitive process, do we have, without wanting to compromise the process, do you have a sense of what that might and what could we reasonably expect that cap to be. >> we are considering a cap between 50 and 100 basis points and we will be working with a consultant who lives and braoegts interest rate caps. >> over three months, which is currently at or below a quarter. >> and so it is not an absolute cap. it is a cap that floats above the (inaudible)? >> it sets

the second thing much like in the united kingdom where they have the finance committee o of parliament being led by a member of the opposition, so, too, in tunisia. >> we'll be back in a moment with more inside story. it's sometimes hard to remember, bu in many countries the arab spring has a bitter legacy. stay with us. >> you're watching inside story on al jazeera america. i'm ray suarez. on the occasion of the dismissal of many charges the outright acquitcal on many others on the trial of former egyptian president hosni mubarak, we're catching up with the arab spring. is there a middle ground? is the arab ground groping its way towards a middle ground between an islamic republic on one end of the spectrum and the egypt style solution in which religious parties are outright panned or suppressed? can we develop power transfer peacefully back and forth. >> i'll disagree with your description of the whole picture. 56% of the country is under the age of 24, and 44% of the country live on less than $2 a day. in order for there to be true social justice there has been outright reform, stru

the second thing much like in the united kingdom where they have the finance committee o of parliament being led by a member of the opposition, so, too, in tunisia. >> we'll be back in a moment with more inside story. it's sometimes hard to remember, but in many countries the arab spring has a bitter legacy. stay with us. former fbi special agent ali soufan. >> if that specific information was shared with to the fbi agent 911 could have been stopped at its early stages. >> the ethics of torture, preventing terrorism and combatting isil. >> islamic state, their strategy differs from al qaeda because for the first time now they are controlling land. >> every saturday join us for exclusive, revealing and surprising talks with the most interesting people of our time. >> only on al jazeera america. >> the cast sytem is alive and well in america >> a city divided >> this is the third shooting in 24 hours in baltimore >> raveged by violence... > for any black community it's always been a recession >> can a community break the cycle? >> the way the game is rigged... they can't win... >> fault

. >> i want to thank you, harvey, thanks pat for >> finance committee, i'm commissioner cohen, the chair of the committee. to high left is tang, and to my right, wiener and farrell. i would like to think, charles and jesse for their help in presenting this committee hearing. the le

you are going to be chairman of the finance committee. and he thought for a minute and said, who is going to tell russell law? i thought there were days that nobody told russell law. but that moves right into the role of chairman of the private committees of the senate. he did so effectively. >> that raises a question. i have heard him talk about the difference between the minority and all of a sudden, you realize that you have to govern. it is also, for someone like him , an opportunity to disprove doubters. that you are capable of doing. >> it is. it is really a remarkable transformation. republicans had a big problem with that in the senate because they had not been the majority since 1954, 1956. there is not a single person in the republican caucus who has ever been a committee chairman at that time except strom thurmond, a democrat at the time. so it was a brand-new experience, a learning experience. high level of cooperation between members. but the sudden realization that not only we were the majority but we were responsible for th

ago, supervisor avalos we heard in the budget and finance committee a proposal to extend as restaurant lease by ten years. we heard a growing dispute from the workers themselves from the sfo food and beverage. speakers expressed indilg dignation to us that the city would be granting lucrative lease extensions to those who run the restaurants and foregoing the competitive bid process, while about a thousand employees at those outlets are facing job insecurity and a loss of health coverage. since that hearing there's been a lot of work, but also a two day walk out on friday and saturday despite the storm and it was really effective. a strike business 1,000 workers in any industry should draw our attention. the travel industry in our beloved san francisco airport, especially during the holiday season is a seriousish shun ish issue and could have the potential of hitting our city very hard economically. and from their last impression or -- and visitors who come to san francisco through the airport and leave through the airport, sometimes it's the last impression they have of our city. i th

the legislation has no impact on the city and the legislation was unanimously approved by the finance committee and it's important to note regardless of the repayment status of the bridge loan it will still be subject and i urge my colleagues to support the resolutions so the interim construction funding can proceed. we have members on hand and i see our director tiffany bohe to speak on behalf of the agency. >> thank you supervisor kim and president tang and supervisors as the district supervisor indicated we do recommend your approval of these transaction documents both if your legislative capacity as the city as well as supervisor kim outlined this bridge loan allows the development of certain parcels parcel f to go forward while this bridge loan is outstanding and even if a worst case scenario, if the unlikely event happens that the lender forecloses on the property which we don't think is likely those requirements including the affordable housing requirement that would be enforced really travel and run with the land. we expect the bridge loan to be repaid in approximately 1 year

committee a couple of months ago a vision zero update i made a point it's not in this presentation a breakdown of the investment of the supervisorial district and i'll previous face this by saying i'm not a believer of taking the policy for example, to create surely we should be receiving a disproportionate amount of funds because they are having problems but at the time the breakdown was extreme i think we received something like one or two percent of the funds and district 4 was lower and other districts in terms of the viewers on the level of south of market or the tenderloin or chinatown they're serious challenges in those areas so i don't think we've gotten updates since then but i'm concerned about the extreme nature of that. >> this is something we can certainly come back maybe two points are we tabbed looking at the whole range of risks not only concern risks there are some very unsafe streets we've lost vehicles in crashes i think we can expect to see the focus of vision zero truly shift going forward with the priorities and the other thing if many cases the solution for str