House Session - December 19, 2017

The House met for Morning Hour, with members permitted to speak on any topic.

Speakers:
Time
Action
  • 09:31:49 AM

    Recess

    The Speaker announced that the House do now recess. The next meeting is scheduled for 10:00 a.m. today.

    • 09:59:51 AM

      CALLER

      ONLINE AT C-SPAN.ORG. THE HOUSE IS GAVELLING

    • 09:59:55 AM

      >>

      ONLINE AT C-SPAN.ORG. THE HOUSE IS GAVELLING IN NEXT. TAKE UP TAX REFORM…

      ONLINE AT C-SPAN.ORG. THE HOUSE IS GAVELLING IN NEXT. TAKE UP TAX REFORM BEGINNING WITH RULE DEBATE AND EXPECT FINAL PASSAGE EARLY AFTERNOON, LIVE COVERAGE OF THE HOUSE FLOOR ON C-SPAN. CONROY.

      Show Full Text
  • 10:00:10 AM

    Reconvened

    The House convened, returning from a recess continuing the legislative day of December 19.

    • 10:00:14 AM

      Today's prayer was offered by the House Chaplain, Rev. Patrick J. Conroy.

      • 10:00:57 AM

        THE SPEAKER PRO TEMPORE

        THE CHAIR HAS EXAMINED THE JOURNAL OF THE LAST DAY'S PROCEEDINGS AND…

        THE CHAIR HAS EXAMINED THE JOURNAL OF THE LAST DAY'S PROCEEDINGS AND ANNOUNCES TO THE HOUSE HIS APPROVAL THEREOF. PURSUANT TO CLAUSE 1 OF RULE 1 THE JOURNAL STANDS APPROVED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA SEEK RECOGNITION?

        Show Full Text
      • 10:01:11 AM

        MR. THOMPSON

        MR. SPEAKER, CLAUSE 1, RULE 1, I DEMAND A VOTE ON AGREEING TO THE…

        MR. SPEAKER, CLAUSE 1, RULE 1, I DEMAND A VOTE ON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL.

        Show Full Text
      • 10:01:16 AM

        THE SPEAKER PRO TEMPORE

        THE QUESTION IS ON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL.…

        THE QUESTION IS ON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT. THE JOURNAL STANDS APPROVED. THE GENTLEMAN FROM PENNSYLVANIA.

        Show Full Text
  • 10:01:16 AM

    SPEAKER'S APPROVAL OF THE JOURNAL

    The Chair announced that he had examined the Journal of the last day's proceedings and had approved it. Mr. Thompson (PA) demanded that the question be put on agreeing to the Speaker's approval of the Journal and by voice vote, the Chair announced that the ayes had prevailed. Mr. Thompson (PA) objected to the voice vote based upon the absence of a quorum and the Chair postponed further proceedings until later in the legislative day.

    • 10:01:25 AM

      MR. THOMPSON

      MR. SPEAKER, I OBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT…

      MR. SPEAKER, I OBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT PRESENT AND I MAKE A POINT OF ORDER THAT A QUORUM IS NOT PRESENT.

      Show Full Text
    • 10:01:31 AM

      TEMPORE PURSUANT

      PURSUANT TO CLAUSE 8 OF RULE 20, FURTHER PROCEEDINGS ON THIS QUESTION WILL…

      PURSUANT TO CLAUSE 8 OF RULE 20, FURTHER PROCEEDINGS ON THIS QUESTION WILL BE POSTPONED. THE PLEDGE OF ALLEGIANCE WILL BE LED BY THE GENTLELADY FROM ILLINOIS, MS. KELLY.

      Show Full Text
  • 10:01:33 AM

    PLEDGE OF ALLEGIANCE

    The Chair designated Ms. Kelly of IL to lead the Members in reciting the Pledge of Allegiance to the Flag.

    • 10:01:41 AM

      MS. KELLY

      I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE…

      I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

      Show Full Text
  • 10:01:50 AM

    ONE MINUTE SPEECHES

    The House proceeded with one minute speeches which by direction of the Chair, would be limited to 15 per side of the aisle.

    • 10:01:55 AM

      THE SPEAKER PRO TEMPORE

      THE CHAIR WILL ENTERTAIN UP TO 15 REQUESTS FOR ONE-MINUTE SPEECHES ON EACH…

      THE CHAIR WILL ENTERTAIN UP TO 15 REQUESTS FOR ONE-MINUTE SPEECHES ON EACH SIDE OF THE AISLE. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA SEEK RECOGNITION?

      Show Full Text
    • 10:02:05 AM

      MR. THOMPSON

      MR. SPEAKER, REQUEST UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE…

      MR. SPEAKER, REQUEST UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

      Show Full Text
    • 10:02:11 AM

      THE SPEAKER PRO TEMPORE

      WITHOUT OBJECTION, THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE…

      WITHOUT OBJECTION, THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:02:12 AM

      TEMPORE WITHOUT

      WITHOUT OBJECTION, THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE…

      WITHOUT OBJECTION, THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:02:14 AM

      MR. THOMPSON

      MR. SPEAKER, I RISE TODAY IN SUPPORT OF THE CONFERENCE REPORT TO ACCOMPANY…

      MR. SPEAKER, I RISE TODAY IN SUPPORT OF THE CONFERENCE REPORT TO ACCOMPANY H.R. 1, THE TAX CUTS AND JOBS ACT. FOR THE FIRST TIME SINCE 1986 THERE IS A REAL OPPORTUNITY TO CHALLENGE THE STATUS QUO AND SIMPLIFY THE TAX CODE. THE FINAL AGREEMENT LOWERS RATES AND SIGNIFICANTLY INCREASES THE STANDARD DEDUCTION FOR BOTH INDIVIDUALS AND JOINT FILERS. AMERICAN FAMILIES WILL SEE THE CHILD TAX CREDIT EXPAND TO HELP PARENTS WITH THE COST OF RAISING CHILDREN. IMPORTANTLY, THE GRADUATE TUITION VOUCHER EXEMPTION AND STUDENT LOAN DEDUCTION HAVE REMAINED TO ENSURE OUR COMMITMENT OF OPPORTUNITY THROUGH EDUCATION. I AND MANY OF MY COLLEAGUES URGED THE CONFERENCE COMMITTEE TO KEEP THESE IMPORTANT PROVISIONS INTACT. H.R. 1 ELIMINATES OBAMACARE'S INDIVIDUAL MANDATE PENALTY TAX TO ALLOW AMERICANS THE FLEXIBILITY TO BUY HEALTH CARE THAT'S RIGHT FOR THEM. JOB CREATORS WILL SEE THE CORPORATE TAX RATE LOWERED TO 21% ON JANUARY 1, 2018, WHICH IS THE LARGEST REDUCTION IN OUR NATION'S HISTORY. MR. SPEAKER, THIS IS JUST SOME OF WHAT THIS ONCE IN A GENERATION PROPOSAL DOES TO HELP AMERICA TO KEEP MORE OF THEIR HARD-EARNED PAYCHECKS. I ENCOURAGE MY COLLEAGUES TO JOIN ME IN VOTING FOR H.R. 1. THANK YOU, MR. SPEAKER. I YIELD BACK THE BALANCE OF MY TIME.

      Show Full Text
    • 10:03:27 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLELADY FROM ILLINOIS SEEK RECOGNITION?…

      FOR WHAT PURPOSE DOES THE GENTLELADY FROM ILLINOIS SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLELADY FROM ILLINOIS IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:03:34 AM

      MS. KELLY

      THANK YOU, MR. SPEAKER. I RISE TODAY BECAUSE THE MAJORITY IS WORKING TO…

      THANK YOU, MR. SPEAKER. I RISE TODAY BECAUSE THE MAJORITY IS WORKING TO PASS A TAX SCAM THAT WILL RAISE TAXES ON MY CONSTITUENTS. FOR NEARLY A YEAR REPUBLICANS HAVE PROMISED TAX REFORM THAT BENEFITS MIDDLE CLASS FAMILIES. ONCE AGAIN, THERE IS A BIG DIFFERENCE BETWEEN WHAT THE MAJORITY SAYS AND WHAT THE MAJORITY DOES. INSTEAD OF BEING A TAX BREAK FOR MIDDLE CLASS AMERICANS, THIS IS A TAX SCAM THAT WILL FORCE HARDWORKING ILLINOIS MOMS AND DADS TO PAY THE BILL FOR TAX GIVEAWAYS TO THE RICH AND WELL-CONNECTED. THAT IS JUST WRONG. MR. SPEAKER, THE AMERICAN PEOPLE KNOW IT'S A SCAM. A NEW POLL FROM MONMOUTH UNIVERSITY FOUND HALF OF ALL AMERICANS BELIEVE THAT G.O.P. TAX SCAM WILL RAISE THEIR TAXES. THESE FOLKS ARE RIGHT. IT WILL RAISE THEIR TAXES, ESPECIALLY FOR FAMILIES IN ILLINOIS AND IN THE SECOND DISTRICT. MR. SPEAKER, I WILL NEVER VOTE TO RAISE MY CONSTITUENTS' TAXES JUST TO PAY FOR MASSIVE TAX GIVEAWAYS TO MAJOR CORPORATIONS AND A HANDFUL OF SUPERWEALTHY FAMILIES. I URGE MY COLLEAGUES TO VOTE NO AND STAND WITH AMERICA'S MIDDLE CLASS AND WORKING FAMILIES, THE BACKBONE OF OUR NATION. I YIELD BACK.

      Show Full Text
    • 10:04:40 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

    • 10:04:43 AM

      >>

      MR. SPEAKER, I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

    • 10:04:47 AM

      TEMPORE WITHOUT

      WITHOUT OBJECTION, THE GENTLEMAN FROM TEXAS IS RECOGNIZED FOR ONE MINUTE.

    • 10:04:50 AM

      MR. POE

      MR. SPEAKER, NEARLY 700 MILLION PEOPLE ACROSS THE GLOBE LACK ACCESS TO…

      MR. SPEAKER, NEARLY 700 MILLION PEOPLE ACROSS THE GLOBE LACK ACCESS TO WATER. THIS IS A DISTURBING WORLD CRISIS. IN MANY COUNTRIES, WOMEN AND CHILDREN WALK FOR MILES AND FACE COUNTLESS RISKS JUST TO FIND SOME WATER. MR. SPEAKER, WATER IS NOT JUST ABOUT DRINKING. IT'S ABOUT SANITATION, IT'S ABOUT HYGIENE. IT PREVENTS DISEASES AND DRASTICALLY IMPROVES THE QUALITY OF LIFE. THAT'S WHY I WORKED WITH MY FRIEND, REPRESENTATIVE EARL BLUMENAUER, FOR THE WATER FOR THE WORLD ACT. THIS BILL HAS MADE IT U.S. POLICY TO IMPROVE INTERNATIONAL ACCESS TO SAFE WATER, SANITATION AND HYGIENE. I APPLAUD THE ADMINISTRATION ON ISSUING THE GLOBAL WATER STRATEGY REQUIRED BY THAT LAW AND I LOOK FORWARD TO SEEING ITS IMPLEMENTATION. THE ROAD AHEAD IS LONG. 80% OF THE COUNTRIES RECEIVING U.S. AID STILL SUFFER FROM WATER ISSUES. WITH OUR GOD-GIVEN RESOURCES, WE HAVE AN OBLIGATION TO MAKE SURE PEOPLE RECEIVE THE BASIC ELEMENT OF LIFE -- CLEAN WATER -- BECAUSE WATER IS LIFE AND THAT'S JUST THE WAY IT IS. I'LL YIELD BACK.

      Show Full Text
    • 10:05:53 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM CALIFORNIA SEEK RECOGNITION?

    • 10:05:56 AM

      >>

      I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE…

      I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

      Show Full Text
    • 10:06:00 AM

      TEMPORE WITHOUT

      WITHOUT OBJECTION, THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR ONE…

      WITHOUT OBJECTION, THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:06:03 AM

      MR. COSTA

      MR. SPEAKER, I RISE TODAY TO STAND WITH THE DREAMERS, BOTH IN THE SAN…

      MR. SPEAKER, I RISE TODAY TO STAND WITH THE DREAMERS, BOTH IN THE SAN JOAQUIN VALLEY AND THROUGHOUT OUR COUNTRY. PROTECTING OUR DREAMERS IS THE RESPONSIBLE, MORAL AND JUST THING TO DO. THE MAJORITY OF AMERICANS WANT LEGAL PROTECTION FOR OUR DREAMERS, AND CONGRESS MUST LISTEN. I'VE BEEN LISTENING TO THOSE WHO VISITED MY OFFICES. UNIVERSITY PRESIDENTS, RELIGIOUS ORGANIZATIONS, MY CONSTITUENTS WHO SIMPLY WANT US TO PROVIDE LEGALIZATION FOR THESE INDIVIDUALS WHO'VE COME TO THIS COUNTRY AT AN AVERAGE AGE OF 6 YEARS OF AGE. THIS IS THE ONLY COUNTRY THEY'VE EVER KNOWN. PASSING THE DREAM ACT IS A PRIORITY FOR DEMOCRATS AND HAS STRONG SUPPORT FOR MANY REPUBLICANS. WE JUST NEED TO VOTE ON THE BILL. I'M A CO-SPONSOR OF THE DREAM ACT AND I'VE JOINED NEARLY 200 OF MY COLLEAGUES SIGNING A DISCHARGE PETITION TO BRING THIS LEGISLATION TO THE FLOOR. I NOW CALL ON MY REPUBLICAN COLLEAGUES TO DO THE RIGHT THING AND ALLOW A VOTE ON THE DREAM ACT. I WILL CONTINUE TO ADVOCATE FOR POLICIES THAT PROTECT OUR DREAMERS. I URGE OUR DREAMERS TO CONTINUE TO MAKE THEIR VOICES HEARD AS THEY HAD ACROSS THIS COUNTRY AND TO URGE PEOPLE IN CONGRESS TO DO THE RIGHT THING. WE MUST STAY VIGILANT IN OUR EFFORTS TO PROTECT THESE INDIVIDUALS, AND WE AS AMERICANS UNDERSTAND WHAT THESE INDIVIDUALS MEAN TO OUR COUNTRY. PASS THE

      Show Full Text
    • 10:07:24 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MICHIGAN SEEK RECOGNITION?

    • 10:07:28 AM

      >>

      MR. SPEAKER, I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

    • 10:07:32 AM

      TEMPORE WITHOUT

      WITHOUT OBJECTION, THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE…

      WITHOUT OBJECTION, THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:07:34 AM

      >>

      THANK YOU, MR. SPEAKER. AS I TRAVEL THE SEVENTH DISTRICT OF MICHIGAN, I…

      THANK YOU, MR. SPEAKER. AS I TRAVEL THE SEVENTH DISTRICT OF MICHIGAN, I HAVE MET WITH MANY HARDWORKING FAMILIES WHO ARE LIVING PAYCHECK TO PAYCHECK. MOMS AND DADS STRUGGLING TO PAY THE MORTGAGE, MAKE ENDS MEET.

      Show Full Text
    • 10:07:51 AM

      MR. WALBERG

      MANY BUSINESSES WEIGHED DOWN BY A BURDENSOME AND OUTDATED TAX CODE. WE…

      MANY BUSINESSES WEIGHED DOWN BY A BURDENSOME AND OUTDATED TAX CODE. WE DEVELOPED THE TAX CUTS AND JOBS ACT WITH THEM IN MIND. FOR FAMILIES ACROSS MY DISTRICT, OUR PLAN MEANS MORE JOBS, MORE TAKE-HOME PAY, AND MORE MONEY IN THEIR POCKETS. AT EVERY INCOME LEVEL, PEOPLE WILL SEE MEANINGFUL TAX RELIEF. ON TOP OF THAT, OUR PLAN WILL HELP SMALL BUSINESSES THRIVE, BOOST JOB CREATION HERE AT HOME AND MAKE OUR ECONOMY STRONGER AND MORE COMPETITIVE. MR. SPEAKER, THE CHOICE BEFORE US TODAY IS CLEAR. WEB PROP UP A BROKEN -- WE CAN PROP UP A BROKEN TAX CODE AND MAINTAIN THE STATUS QUO OR WE CAN PASS THE MOST SWEEPING TAX OVERHAUL IN THREE DECADES AND DELIVER HISTORIC TAX RELIEF TO THOSE WHO NEED IT MOST. LET'S PASS THE TAX CUT AND JOBS ACT AND ENSURE A BRIGHTER FUTURE FOR THE FAMILIES WE REPRESENT, AND I YIELD BACK.

      Show Full Text
    • 10:08:54 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLELADY FROM WASHINGTON SEEK RECOGNITION?…

      FOR WHAT PURPOSE DOES THE GENTLELADY FROM WASHINGTON SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLELADY FROM WASHINGTON IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:09:06 AM

      MS. JAYAPAL

      MR. SPEAKER, I RISE TODAY TO URGE MY COLLEAGUES TO SAY NO TO THIS…

      MR. SPEAKER, I RISE TODAY TO URGE MY COLLEAGUES TO SAY NO TO THIS OUTRAGEOUS TAX BILL AND DO WHAT IS RIGHT FOR THE AMERICAN PEOPLE. THIS BILL GIVES MORE RICHES TO THE RICHEST REPUBLICAN DONORS AT THE EXPENSE OF MIDDLE-CLASS FAMILIES AND THE POOREST. THIS BILL DOES WHAT THE AMERICAN PEOPLE ALREADY SAID NO TO WHICH IS IT DISMANTLES THE AFFORDABLE CARE ACT, IT THROWS 13 MILLION AMERICANS OFF OF THEIR HEALTH CARE AND INCREASES PREMIUMS FOR MILLIONS MORE. THIS TAX BILL ELIMINATES MOST OF THE STATE AND LOCAL TAX DEDUCTION AND SHORTCHANGES SO MANY COMMUNITIES ACROSS THE NATION, SLASHING EDUCATION FUNDING BY AS MUCH AS $152 BILLION OVER THE NEXT DECADE. THIS TAX HEIST RUNS UP THE DEFICIT BY $1 TRILLION TO $1.5 TRILLION AND TRIGGERS AUTOMATIC SPENDING CUTS TO MEDICARE, MEDICAID, AND SERVICES THAT CHILDREN AND SENIORS DEPEND ON. THIS TAX SCAM GIVES 80% OF THE BENEFITS TO THE TOP 1%. THAT IS A WAR ON ANY IDEA OF OPPORTUNITY AND INCOME INEQUALITY IN THIS COUNTRY. IT IS NOT TAX REFORM, AND I URGE A NO VOTE. THANK YOU, MR. SPEAKER. I YIELD BACK.

      Show Full Text
    • 10:10:20 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM NORTH CAROLINA SEEK RECOGNITION?…

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM NORTH CAROLINA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN FROM NORTH CAROLINA IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:10:30 AM

      >>

      MR. SPEAKER, OUR POLICE MEN AND WOMEN WAKE UP EVERY DAY AND DO A JOB THAT…

      MR. SPEAKER, OUR POLICE MEN AND WOMEN WAKE UP EVERY DAY AND DO A JOB THAT IS DANGEROUS AND OFTEN THANKLESS. THEY ARE TRULY SERVANTS OF THE PUBLIC AND PROTECTORS OF THOSE WHO CANNOT HELP THEMSELVES. IF THAT WEREN'T ENOUGH, I WANTED TO SPEAK BRIEFLY TODAY TO HIGHLIGHT OFFICERS WHO HAVE GONE EVEN FURTHER. MR. SPEAKER, THE FRATERNAL ORDER OF POLICE RECENTLY HELD A COPS AND KIDS EVENT IN MORRISVILLE, NORTH CAROLINA. THROUGH THEIR GENEROSITY, MORE THAN TWO DOZEN FAMILIES GOT AROUND $100 WORTH OF CLOTHES, TOYS AND GIFTS FOR THEIR LOVED ONES.

      Show Full Text
    • 10:11:05 AM

      MR. BUDD

      THE STORIES OF STRUGGLES ARE THE STORIES WE SEE AROUND THE COUNTRY THIS…

      THE STORIES OF STRUGGLES ARE THE STORIES WE SEE AROUND THE COUNTRY THIS CHRISTMAS. I'M AWED AND HUMBLED BY THE EFFORTS OF THESE OFFICERS. I WANT TO ESPECIALLY CONGRATULATE TOMMY CHIPMAN, PRESIDENT OF THE FRATERNAL ORDER OF POLICE AND DUCK WYATT, THE SECOND VICE PRESIDENT, AND ALL THOSE WHO PARTICIPATED TO HELP MAKE THIS CHRISTMAS A BETTER ONE FOR FAMILIES IN THE COMMUNITY. MR. SPEAKER, I YIELD BACK.

      Show Full Text
    • 10:11:31 AM

      THE SPEAKER PRO TEMPORE

      WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

    • 10:11:38 AM

      MR. GREEN

      MR. SPEAKER, I WOULD ASK TO ADDRESS THE HOUSE FOR ONE MINUTE.

    • 10:11:43 AM

      THE SPEAKER PRO TEMPORE

      DOES THE GENTLEMAN SEEK UNANIMOUS CONSENT?

    • 10:11:45 AM

      MR. DOGGETT

      FOR THOSE WITH SILK STOCKINGS, IT'S A VERY MERRY CHRISTMAS INDEED. BUT YOU…

      FOR THOSE WITH SILK STOCKINGS, IT'S A VERY MERRY CHRISTMAS INDEED. BUT YOU GET COLD. THE BILLIONAIRES GETS STUCKED. IT'S LIKE A WHITE ELEPHANT. THE BILL BILLION AIRS GET THE GOOD GIFTS. THE HOW MANY MILLIONS OF DOLLARS THE TRUMP FAMILY WILL PERSONALLY STUFF IN THEIR POCKETS CANNOT BE PRECISELY DETERMINED ONLY BECAUSE OF REPUBLICAN COLLUSION TO CONTINUE TO COVER UP TRUMP'S PERSONAL TAX RETURNS. EXCLUDING THE PUBLIC, REFUSING TO EVEN PERMIT DEMOCRATS TO OFFER AN AMENDMENT, REPUBLICANS DUMPED THIS PROPOSAL OUT THIS WEEKEND AND NOW DEMAND AN IMMEDIATE VOTE. THE DANGERS LURKING IN THIS BILL FOR ECONOMIC OPPORTUNITY, FOR TAX FAIRNESS ARE VERY REAL, BUT THEY ARE OVERSHADOWED BY THE DANGERS TO OUR DEMOCRACY FROM THESE TRUMP TACTICS TO IMPOSE HIS RULE ON AMERICA. REPUBLICANS DECIDED THE ONLY WAY TO PASS THEIR PROGRAM WAS TO HIDE IT. LET'S REJECT IT TODAY.

      Show Full Text
    • 10:12:57 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM FLORIDA SEEK RECOGNITION?

    • 10:13:00 AM

      >>

      MR. SPEAKER, I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE…

      MR. SPEAKER, I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

      Show Full Text
    • 10:13:07 AM

      TEMPORE WITHOUT

      WITHOUT OBJECTION, THE GENTLEMAN FROM FLORIDA IS RECOGNIZED FOR ONE MINUTE.

    • 10:13:11 AM

      >>

      MR. SPEAKER, I RISE TO RECOGNIZE MR. THOMAS WHO WILL BE RETIRING ON…

      MR. SPEAKER, I RISE TO RECOGNIZE MR. THOMAS WHO WILL BE RETIRING ON JANUARY 10, 2018, AFTER 43 YEARS OF FAITHFUL SERVICE TO NORTH CENTRAL FLORIDA'S COMMUNITY IN LAW ENFORCEMENT. HE BEGAN HIS CAREER IN GREEN COAST SPRINGS, FLORIDA, IN THE POLICE DEPARTMENT ON SEPTEMBER OF 1974. HE SERVED HIS HOMETOWN COMMUNITY UNTIL 1982 AND THEN MOVED TO GAINESVILLE, FLORIDA.

      Show Full Text
    • 10:13:38 AM

      MR. YOHO

      HIS MOVE, THE OFFICER STARTED WORKING FOR THE SHERIFF'S OFFICE. HE IS…

      HIS MOVE, THE OFFICER STARTED WORKING FOR THE SHERIFF'S OFFICE. HE IS CURRENTLY A WARRANT INVESTIGATOR OFFICER, AND AFTER 35 YEARS OF DEDICATED LAW ENFORCEMENT SERVICE WITH AN EXEMPLARY RECORD, TOM WILL BEGIN STARTING THE NEXT CHAPTER OF HIS LIFE. TOM IS A SHINING EXAMPLE WHAT IT MEANS TO BE AN AMERICAN. HE'S DEDICATED HIS LIFE TO SERVING OUR COMMUNITY, AND I HAVE NO DOUBT HE WILL CONTINUE TO DO SO IN RETIREMENT. I AM PROUD TO REPRESENT SUCH A HARDWORKING INDIVIDUAL AND ALSO TO HAVE THE HONOR OF BEING HIS FRIEND. FOR MYSELF AND ALL OF FLORIDA'S THIRD DISTRICT, I WISH HIM THE VERY BEST IN HIS WELL-DESERVED RETIREMENT AND I YIELD BACK. THANK YOU.

      Show Full Text
    • 10:14:20 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLELADY FROM NORTH CAROLINA SEEK RECOGNITION?…

      FOR WHAT PURPOSE DOES THE GENTLELADY FROM NORTH CAROLINA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLELADY FROM NORTH CAROLINA IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:14:31 AM

      MS. ADAMS

      LIFE OF CALVIN EARVIN, A NATIVE OF NEW JERSEY AND RESIDENT OF GREENSBORO…

      LIFE OF CALVIN EARVIN, A NATIVE OF NEW JERSEY AND RESIDENT OF GREENSBORO WHO PASSED AWAY NOVEMBER 25, 2017. CAL, AS HE WAS FONDLY CALLED, WAS AN HONORABLE MAN, DEDICATED TO HIS COMMUNITY AND MENTORING YOUNG STUDENT ATHLETES. HE SERVED AS COACH OF A BASKETBALL TEAM AND LATER AS PROFESSOR AND HEAD COACH OF NORTH CAROLINA A&T BASKETBALL TEAM FOR 18 YEARS. HE RECOGNIZED THE IMPORTANCE OF EDUCATION, ENSURING THE DEDICATION AND PERSEVERANCE THAT HIS ATHLETES LEARNED ON THE COURT WAS ALSO EXHIBITED IN THE CLASSROOM. A DEVOTED CITIZEN TO THE GREENSBORO COMMUNITY, HE SERVED IN COUNTLESS CIVIC ROLES INCLUDING TREASURER OF THE TOURISM BUREAU, A LIFE-LONG MEMBER OF THE NAACP. HE HE BROUGHT HIS GENEROUS SPIRIT AND HEART HOME WITH HIM TOO. A LOVING HUSBAND TO HIS BELOVED WIFE KATHRYN AND TO HIS NEPHEW WHO IS LIKE A BROTHER. CAL'S GOLDEN HEART SHINED A BRIGHT SPOT IN MY LIFE TOO. HE WILL BE SORELY MISSED. HIS LOSS WILL BE FELT THROUGHOUT OUR ENTIRE STATE AND BEYOND. MY THOUGHTS AND PRAYERS CONTINUE TO BE WITH HIS WIFE, KATHRYN, AND HIS FAMILY, HIS FRIENDS, AND HIS COMMUNITY. I YIELD BACK. .

      Show Full Text
    • 10:15:50 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM SOUTH CAROLINA SEEK RECOGNITION?…

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM SOUTH CAROLINA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN FROM SOUTH CAROLINA IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:15:57 AM

      >>

      MR. SPEAKER, THIS IS A GREAT DAY FOR A MAYOR OF SOUTH CAROLINA, MONDAY,…

      MR. SPEAKER, THIS IS A GREAT DAY FOR A MAYOR OF SOUTH CAROLINA, MONDAY, JANUARY 2, 2018. LET ME REIMMEDIATE THE PROCLAMATION, WHERE SERVING AS AN ELECTED OFFICIAL IN LOCAL GOVERNMENT WILL REQUIRE SACRIFICE, PASSION, AND DEDICATION. WHEREAS GEORGE C. SHEPHERD WAS ELECTED AS THE MAYOR ON NOVEMBER 10, 2009, AFTER SERVING TWO YEARS AS THE CITY'S PRETELL. WHEREAS THE MAYOR FAITHFULLY AND DUTIFULLY SERVED ELECTED AS THE MAYOR ON NOVEMBER 10, 2009, AFTER SERVING THE MAYOR FOR EIGHT YEARS AND AS DURING HIS TWO TERMS OF MAYOR, THE CITY SOLIDIFIED ITS PLACE IN THE REGION. THE MAYOR, GODSPEED IN YOUR RETIREMENT AND THANK YOU FOR YOUR SERVICE TO A GREAT CITY. I YIELD BACK.

      Show Full Text
    • 10:16:41 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM KENTUCKY SEEK RECOGNITION?

    • 10:16:45 AM

      MR. YARMUTH

      REQUEST UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

    • 10:16:48 AM

      THE SPEAKER PRO TEMPORE

      WITHOUT OBJECTION, THE GENTLEMAN FROM KENTUCKY IS RECOGNIZED FOR ONE…

      WITHOUT OBJECTION, THE GENTLEMAN FROM KENTUCKY IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:16:51 AM

      MR. YARMUTH

      THANK YOU, MR. SPEAKER. MR. SPEAKER, THIS MORNING I SAW A DRAMATIC BIT OF…

      THANK YOU, MR. SPEAKER. MR. SPEAKER, THIS MORNING I SAW A DRAMATIC BIT OF EVIDENCE WHY THE PERSON PEOPLE OVERWHELMINGLY REJECT THE REPUBLICAN DONOR RELIEF BILL KNOWN AS THE TAX REFORM BILL. CHAIRMAN BRADY, WAYS AND MEANS COMMITTEE, THE AUTHOR OF THIS BILL, WAS ASKED WHY HE DIDN'T DO ANYTHING IN THE BILL TO CHANGE THE CARRIED INTEREST DEDUCTION. THAT PROVISION, WHICH ALLOWS BILLIONAIRE HEDGE FUND MANAGERS TO PAY A LOWER INCOME TAX RATE THAN TENS OF MILLIONS OF REGULAR AMERICANS. HE SAID THE MIDDLE CLASS AMERICANS DON'T CARE ABOUT THAT. WORKING FAMILIES DON'T. I UNDERSTAND WHY HE DIDN'T WANT TO TRY TO DEFEND THE PROTECTION OF CARRIED INTEREST. THERE IS NO DEFENSE FOR IT. HERE'S WHY EVERY AMERICAN OUGHT TO CARE BECAUSE EVERY DOLLAR OF LOST REVENUE THAT GOES BACK TO THOSE BILLIONAIRE HEDGE FUND MANAGERS WILL RESULT IN CUT SERVICES FOR THE VAST MAJORITY OF AMERICANS. MEDICARE, MEDICAID, SOCIAL SECURITY, AND MANY OTHERS. AND IT WILL ADD TO THE DEBT THAT THEIR CHILDREN AND GRANDCHILDREN WILL HAVE TO PAY FOR. THAT'S A GOOD REASON WHY EVERYONE SHOULD CARE ABOUT THIS BILL AND WHY IT IS A SCAM ON MIDDLE CLASS AMERICANS AND OUGHT TO BE REJECTED. I YIELD BACK.

      Show Full Text
    • 10:18:00 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM ARKANSAS SEEK RECOGNITION?

    • 10:18:04 AM

      >>

      UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE. REVISE AND EXTEND.

    • 10:18:08 AM

      THE SPEAKER PRO TEMPORE

      WITHOUT OBJECTION, THE GENTLEMAN FROM ARKANSAS IS RECOGNIZED FOR ONE…

      WITHOUT OBJECTION, THE GENTLEMAN FROM ARKANSAS IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:18:12 AM

      >>

      I THANK MY FRIEND. I'M GLAD MY FRIEND IS IN THE CHAIR FOR TODAY. I RISE TO…

      I THANK MY FRIEND. I'M GLAD MY FRIEND IS IN THE CHAIR FOR TODAY. I RISE TO SALUTE THE U.S. NAVY'S NEWEST VESSEL, THE U.S.S. LITTLE ROCK, AND HER BRAVE CREW. COMMISSIONED THIS PAST SATURDAY, THE NEW U.S.S. LITTLE ROCK WAS BUILT IN WISCONSIN AND IS A COMBAT SHIP THAT WILL OPERATE IN WATERS CLOSE TO SHORE. THE VESSEL CARRIES THE NAMESAKE OF ARKANSAS' STATE CAPITAL AND PROUD HISTORY OF THE FORMER U.S.S. LITTLE ROCK. IT'S ALSO FITTING TO HOPOR THE FORMER U.S.S. LITTLE ROCK, COMPLETED IN WORLD WAR II, SHE WAS ONE OF SIX VESSELS TO BE CONVERTED TO A GUIDED MISSILE CRUISER. THE FIRST U.S. NAVY SHIP TO BE NAMED FOR LITTLE ROCK, ARKANSAS. THE ONLY WORLD WAR II CRUISER ON DISPLAY IN THE UNITED STATES, THE FORMER U.S.S. LITTLE ROCK IS THE SOUL SURVIVE -- SOLE SURVIVOR OF THE CLEVELAND CLASS.

      Show Full Text
    • 10:19:02 AM

      MR. HILL

      IT SERVED AS DISTINCTION AS A FLAGSHIP FOR THE SECOND AND SIXTH FLEET I…

      IT SERVED AS DISTINCTION AS A FLAGSHIP FOR THE SECOND AND SIXTH FLEET I THANK ALL THOSE WHO SERVED ON THE FORMER U.S.S. LITTLE ROCK, AND I WISH THE NEW U.S.S. LITTLE ROCK THE BEST AS SHE CARRIES OUT OUR NATION'S CRITICAL MARITIME STRATEGY AND PROTECTS OUR INTERESTS ACROSS THE GLOBE. I YIELD BACK.

      Show Full Text
    • 10:19:23 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLELADY FROM ILLINOIS SEEK RECOGNITION?

    • 10:19:26 AM

      >>

      I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

    • 10:19:28 AM

      THE SPEAKER PRO TEMPORE

      WITHOUT OBJECTION, THE GENTLELADY FROM ILLINOIS IS RECOGNIZED FOR ONE…

      WITHOUT OBJECTION, THE GENTLELADY FROM ILLINOIS IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:19:31 AM

      MRS. BUSTOS

      THANK YOU, MR. SPEAKER SINCE DONALD TRUMP BECAME THE LEADER OF THE…

      THANK YOU, MR. SPEAKER SINCE DONALD TRUMP BECAME THE LEADER OF THE REPUBLICAN PARTY, THEY SAID THEY WOULD STAND UP FOR AMERICA'S WORKERS. THERE WERE PROMISES TO STOP OUTSOURCING AND BRING MILLIONS OF MANUFACTURING JOBS BACK HOME. BUT THE TWO BIG ITEMS ON PAUL RYAN'S AGENDA HAD BEEN CUTTING YOUR HEALTH CARE AND A TAX SCAM THAT IS A DIRECT ATTACK ON AMERICA'S MIDDLE CLASS. IT RAISES TAXES ON 86 MILLION MIDDLE CLASS HOUSEHOLDS. IT HANDS 83% OF ITS BENEFITS TO THE WEALTHIEST 1%. AND PERHAPS WORST OF ALL, IT'S A JOB KILLER THAT WILL HELP BIG CORPORATIONS MOVE JOBS OVERSEAS. THEY CLAIM IT DOES JUST THE OPPOSITE. BUT WHY ARE THEY TRYING TO RAM THIS THING THROUGH SO FAST? BECAUSE THEY KNOW THAT IN THE FINE PRINT OUR NEW LOOPHOLES THAT -- ARE NEW LOOPHOLES THAT MAKE IT EASIER FOR COMPANIES TO SHIP OUR WORK OUT OF AMERICA AND PAY LESS TAXES. SURE, THIS BILL WILL CREATE JOBS. IT WILL CREATE THEM OVER IN CHINA AND MEXICO AND MALAYSIA. MR. SPEAKER, THIS TAX SCAM IS A HUGE BROKEN PROMISE. WE CAN DO BETTER. THANK YOU VERY MUCH. I YIELD BACK.

      Show Full Text
    • 10:20:45 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM THE COMMONWEALTH OF KENTUCKY SEEK…

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM THE COMMONWEALTH OF KENTUCKY SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN FROM KENTUCKY IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 10:20:55 AM

      >>

      MR. SPEAKER, I RISE TODAY TO RECOGNIZE MY GOOD FRIEND THE SIMPSON COUNTY…

      MR. SPEAKER, I RISE TODAY TO RECOGNIZE MY GOOD FRIEND THE SIMPSON COUNTY JUDGE EXECUTIVE, JIM HENDERSON, OF THE FIRST CONGRESSIONAL DISTRICT OF KENTUCKY. JUDGE HENDERSON HAS SERVED HIS COMMUNITY SINCE 1998 WHEN HE WAS ELECTED AS THE YOUNGEST COUNTY JUDGE EXECUTIVE IN KENTUCKY AND HAS CONTINUALLY DEVOTED HIMSELF TO ORGANIZATIONS WHICH ADVANCE THE DEVELOPMENT AND PROSPERITY OF SIMPSON COUNTY. JUDGE HERNEDSON HAS DECIDED TO TRANSITION INTO A NEW ROLE AS DEPUTY DIRECTOR OF THE KENTUCKY ASSOCIATION OF COUNTIES, WHERE HE WILL BE OVERSEEING THEIR DAY-TO-DAY OPERATIONS AND WORKING WITH LOCAL GOVERNMENT OFFICIALS IN ALL 120 COUNTIES THROUGHOUT THE COMMONWEALTH TO ADVOCATE FOR LEGISLATIVE SOLUTIONS THAT BEST MEET THE NEEDS OF THEIR CONSTITUENCIES.

      Show Full Text
    • 10:21:41 AM

      MR. COMER

      ROLE AND DEPUTY DIRECTOR. I YIELD BACK.

    • 10:22:16 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MINNESOTA SEEK RECOGNITION?

    • 10:22:19 AM

      >>

      TO ADDRESS THE HOUSE FOR ONE MINUTE.

    • 10:22:21 AM

      THE SPEAKER PRO TEMPORE

      DOES THE GENTLEMAN SEEK UNANIMOUS CONSENT?

    • 10:22:23 AM

      >>

      YES, I DO.

    • 10:22:24 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM MINNESOTA IS RECOGNIZED FOR ONE MINUTE.

    • 10:22:26 AM

      MR. ELLISON

      I THANK THE SPEAKER. MR. SPEAKER, IN A FEW HOURS FROM NOW THE REPUBLICAN…

      I THANK THE SPEAKER. MR. SPEAKER, IN A FEW HOURS FROM NOW THE REPUBLICAN CAUCUS WILL BRING FORTH A TAX BILL. THIS BILL WILL REDISTRIBUTE WEALTH FROM WORKING AMERICANS UP TO THE VERY RICHEST PEOPLE IN OUR COUNTRY. AND IT WILL RESULT IN MASSIVE DEFICIT AND IT WILL RESULT IN -- DEFICITS AND IT WILL RESULT IN A STARVATION OF THE GOVERNMENT TO STOP IT FROM DOING THE CRITICAL THINGS IT NEEDS TO DO TO AFFORD THE EXPENSES OF OUR COUNTRY AND TO HELP AMERICANS LEAVE -- LEAD BERT LIVES. DEFICITS AND IT WILL BUT -- BETTER LIVES. AFTER THAT'S DONE, MR. SPEAKER, IT WILL DO ONE MORE THING -- AT LEAST THREE MORE THINGS THAT ARE VERY, VERY BAD. ONE OF THEM IS THAT THE CORPORATIONS THAT GET ALL THIS MONEY, THE WEALTHY INDIVIDUALS WILL, ONE, DO STOCK BUY BACKS, AND BUT -- BETTER PROMOTE THEIR PERSONAL WEALTH THEY WILL GIVE EACH OTHER BONUSES, TO GIVE EACH OTHER GREATER PERSONAL WEALTH. THEY WILL HAVE MORE MONEY TO DO MORE MERGERS TO CONCENTRATE MARKETS EVEN MORE SO THAT WE HAVE MORE MONOPOLY AROUND. AND THEY WILL BUY POLITICAL INFLUENCE TO FURTHER CORRUPT OUR DEMOCRATIC GOVERNMENT. THIS IS A BAD THING AND I AM LOOKING FORWARD TO A BIG STRONG NO. THANK YOU.

      Show Full Text
    • 10:23:42 AM

      THE SPEAKER PRO TEMPORE

      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

    • 10:23:47 AM

      MR. SESSION

      GOOD MORNING, MR. SPEAKER. BY DIRECTION OF THE COMMITTEE ON RULES I CALL…

      GOOD MORNING, MR. SPEAKER. BY DIRECTION OF THE COMMITTEE ON RULES I CALL UP HOUSE RESOLUTION 667 AND ASK FOR ITS IMMEDIATE CONSIDERATION.

      Show Full Text
    • 10:23:47 AM

      Considered as privileged matter. H. Res. 667 — "Providing for consideration of the conference report to accompany the bill (H.R. 1) to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018; providing for consideration of the bill (H.R. 3312) to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision, and for other purposes; and for other purposes."

      • 10:23:54 AM

        THE SPEAKER PRO TEMPORE

        THE CLERK WILL REPORT THE RESOLUTION.

      • 10:23:57 AM

        THE CLERK

      • 10:24:28 AM

        MOTION EXCEPT

        WITHOUT INTERVENING MOTION EXCEPT: (1) ONE HOUR OF DEBATE; AND (2) ONE…

        WITHOUT INTERVENING MOTION EXCEPT: (1) ONE HOUR OF DEBATE; AND (2) ONE MOTION TO RECOMMIT IF APPLICABLE. CLAUSE 5(B) OF RULE XXI SHALL NOT APPLY TO THE CONFERENCE REPORT. SECTION 2, UPON ADOPTION OF THIS RESOLUTION IT SHALL BE IN ORDER TO CONSIDER IN THE HOUSE THE BILL, H.R. 3312, TO AMEND THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT TO SPECIFY WHEN BANK HOLDING COMPANIES MAY BE SUBJECT TO CERTAIN ENHANCED SUPERVISION, AND FOR OTHER PURPOSES. ALL POINTS OF ORDER AGAINST CONSIDERATION OF THE BILL ARE WAIVED. IN LIEU OF THE AMENDMENT RECOMMENDED BY THE COMMITTEE ON FINANCIAL SERVICES NOW PRINTED IN THE BILL, AN AMENDMENT IN THE NATURE OF A SUBSTITUTE CONSISTING OF THE TEXT OF RULES COMMITTEE PRINT 115-49, MODIFIED BY THE AMENDMENT PRINTED IN THE REPORT OF THE COMMITTEE ON RULES ACCOMPANYING THIS RESOLUTION, SHALL BE CONSIDERED AS ADOPTED. THE BILL, AS AMENDED, SHALL BE CONSIDERED AS READ. ALL POINTS OF ORDER AGAINST PROVISIONS IN THE BILL, AS AMENDED, ARE WAIVED. THE PREVIOUS QUESTION SHALL BE CONSIDERED AS ORDERED ON THE BILL, AS AMENDED, AND ON ANY FURTHER AMENDMENT THERETO, TO FINAL PASSAGE WITHOUT INTERVENING MOTION EXCEPT: (1) ONE HOUR OF DEBATE EQUALLY DIVIDED

        Show Full Text
      • 10:25:36 AM

        EXCEPT ONE

        ONE HOUR OF DEBATE EQUALLY DIVIDED AND CONTROLLED BY THE CHAIR AND RANKING…

        ONE HOUR OF DEBATE EQUALLY DIVIDED AND CONTROLLED BY THE CHAIR AND RANKING MINORITY MEMBER OF THE COMMITTEE ON FINANCIAL SERVICES; AND (2) ONE MOTION TO RECOMMIT WITH OR WITHOUT INSTRUCTIONS. SECTION 3, THE REQUIREMENT OF CLAUSE 6(A) OF RULE XIII FOR A TWO-THIRDS VOTE TO CONSIDER A REPORT FROM THE COMMITTEE ON RULES ON THE SAME DAY IT IS PRESENTED TO THE HOUSE IS WAIVED WITH RESPECT TO ANY RESOLUTION REPORTED THROUGH THE REMAINDER OF THE FIRST SESSION OF THE ONE HUNDRED FIFTEENTH CONGRESS. SECTION 4, IT SHALL BE IN ORDER AT ANY TIME THROUGH THE REMAINDER OF THE FIRST SESSION OF THE ONE HUNDRED FIFTEENTH CONGRESS FOR THE SPEAKER TO ENTERTAIN MOTIONS THAT THE HOUSE SUSPEND THE RULES AS THOUGH UNDER CLAUSE 1 OF RULE XV. HE SPEAKER OR HIS DESIGNEE SHALL CONSULT WITH THE MINORITY LEADER OR HER DESIGNEE ON THE DESIGNATION OF ANY MATTER FOR CONSIDERATION PURSUANT TO THIS SECTION.

        Show Full Text
  • 10:26:29 AM

    DEBATE

    The House proceeded with one hour of debate on H. Res. 667.

    • 10:26:39 AM

      THE SPEAKER PRO TEMPORE

      THE CHAIR

    • 10:26:40 AM

      THE SPEAKER PRO TEMPORE

      THE CHAIR

    • 10:26:43 AM

      MR. SESSIONS

      MR. SPEAKER, DURING CONSIDERATION OF THIS RESOLUTION ALL TIME IS YIELDED…

      MR. SPEAKER, DURING CONSIDERATION OF THIS RESOLUTION ALL TIME IS YIELDED FOR THE PURPOSE OF DEBATE ONLY. I ALSO WILL YIELD THE CUSTOMARY 30 MINUTES TO THE GENTLEWOMAN, MY DEAR FRIEND, WHO IS THE RANKING MEMBER OF THE RULES COMMITTEE, MS. SLAUGHTER, PENDING WHICH I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

      Show Full Text
    • 10:27:00 AM

      THE SPEAKER PRO TEMPORE

      WITHOUT OBJECTION. THE GENTLEMAN IS RECOGNIZED.

    • 10:27:03 AM

      MR. SESSIONS

      MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE…

      MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS.

      Show Full Text
    • 10:27:07 AM

      THE SPEAKER PRO TEMPORE

      WITHOUT OBJECTION.

    • 10:27:08 AM

      MR. SESSION

      MR. SPEAKER, I RISE IN SUPPORT OF THIS RULE AND THE UNDERLYING WHO IS THE…

      MR. SPEAKER, I RISE IN SUPPORT OF THIS RULE AND THE UNDERLYING WHO IS THE RANKING MEMBER OF THE RULES COMMITTEE, MS. SLAUGHTER, PENDING WHICH I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

      Show Full Text
    • 10:27:15 AM

      THE SPEAKER PRO TEMPORE

      LEGISLATION. THIS RULE PROVIDES FOR CONSIDERATION OF H.R. 3312, THE…

      LEGISLATION. THIS RULE PROVIDES FOR CONSIDERATION OF H.R. 3312, THE SYSTEMATIC RISK DESIGNATION IMPROVEMENT ACT OF 2017, AND THE CONFERENCE REPORT ACCOMPANYING H.R. 1, THE TAX CUTS AND JOBS ACT. MR. SPEAKER, THIS RULE AND SPECIFICALLY THE UNDERLYING CONFERENCE REPORT, IS THE REFLECTION OF A BICAMERAL AGREEMENT BETWEEN THE UNITED STATES HOUSE OF REPRESENTATIVES AND THE UNITED STATES SENATE. WHEREBY WE TOOK SOME OF THE BEST IDEAS FROM ACROSS OUR NOT ONLY CONFERENCE BUT THIS COUNTRY FROM OUR RESPECTIVE IDEAS TO MAKE A TAX BILL THAT WOULD COMBINE THEM FOR THE BEST INTERESTS OF THE AMERICAN PEOPLE. MR. SPEAKER, THE BOTTOM LINE IS, IS THAT WHAT WE'RE DOING HERE TODAY IS THAT THE REPUBLICAN PARTY IS RELYING UPON THE GREATEST SYSTEM EVER INVENTED, THE FREE ENTERPRISE SYSTEM. THE FREE ENTERPRISE SYSTEM HAS BROUGHT THE UNITED STATES OF AMERICA NOT ONLY THE GREATEST ECONOMIC OPPORTUNITIES IN THE WORLD, BUT IT IS A SYSTEM OF RULE OF LAW. IT IS A SYSTEM OF TAX CODE, AND A SYSTEM OF IDEAS THAT HAS MADE AMERICA THE ENVY OF THE WORLD. I ALSO GET POLITICALLY WHAT IS HAPPENING. WE'RE TAKING WHAT THE DEMOCRATIC PARTY AND PRESIDENT OBAMA DID TO RAISE TAXES BY $1 TRILLION, THE LARGEST TAX INCREASE IN THE HISTORY OF THE UNITED STATES, AND WE ARE TRASHING THAT TODAY. WE'RE SAYING THAT THE PRODUCTION THAT IT MADE OF 1.2% OVER EIGHT YEARS IS UNACCEPTABLE TO THE UNITED STATES OF AMERICA. IT WAS UNACCEPTABLE THEN. AND WE WILL NOT ALLOW THAT TO BE THE GAUGE THAT WE WILL MEASURE OUR SUCCESS IN THE FUTURE. SECONDLY, WE'RE ALSO GOING TO DEAL PROPERLY AND FAIRLY WITH THE AFFORDABLE CARE ACT. A LAW THAT PUT -- PLACED EXTENSIVE BURDENS NOT ONLY ON PEOPLE WHO DID NOT WANT THE HEALTH CARE BILL THAT WAS PLACED FORWARD, BUT PLACED A TREMENDOUS COST ON THEM, THE MIDDLE CLASS OF THIS COUNTRY, AND THE AMERICAN PEOPLE. WHAT WE'RE DOING TODAY IS BOLD. WE'RE GOING TO MAKE THE BIG DEAL, THE BIG DEAL. THE AMERICAN PEOPLE WANT AND NEED A STRONGER, BRIGHTER ECONOMIC FUTURE. IT'S A PRO-GROWTH BILL THAT WILL OVERHAUL OUR TAX CODE AND UNLEASH OUR FREE ENTERPRISE SYSTEM. IT LOWERS TAX RATES ON BUSINESSES OF EVERY SIZE. SO JOB CREATORS CAN FOCUS ON HIRING WORKERS, INCREASING PAYCHECKS, AND GROWTH. GROWTH AND COMPETITION ARE THE KEYS TO AN EXPANDING ECONOMY. MORE JOBS AND INCREASED WAGES IN MY HOME OF DALLAS, TEXAS, HAS ALLOWED TEXAS TO LEAD THE NATION NOT ONLY IN JOB CREATION BUT TO MAKE US THE ENVY OF THE WORLD. WE'RE NOW GOING TO DO THAT FOR THE ENTIRE UNITED STATES AND HELP MAKE BACK HOME FOR EVERY MEMBER OF CONGRESS COMPETITIVE IN THE WORLD MARKET. WITH THE HIGHEST CORPORATE TAX RATE IN THE INDUSTRIALIZED WORLD, THE UNITED STATES TODAY HAS A BROKEN TAX CODE THAT HAS FORCED BUSINESSES TO NOT ONLY MOVE THEIR JOBS AND RESEARCH OVERSEAS, IT HAS FORCED US TO BE ABLE TO STRAND BILLIONS OF DOLLARS OF ECONOMIC ADVANTAGE THAT SHOULD BE IN THE UNITED STATES. THAT CHANGES TODAY. THE TAX CUTS AND JOBS ACT WILL STOP AND REVERSE THAT TREND. . IT WILL ENCOURAGE COMPANIES TO BRING THEIR JOBS BACK TO THE UNITED STATES BY LOWERING CORPORATE TAX RATES TO BE COMPETITIVE ANYWHERE IN THE WORLD AT 21%. AND ENCOURAGES U.S. BUSINESSES TO BRING THEIR FOREIGN EARNINGS HOME. UNLEASHING TRILLIONS OF DOLLARS IN OUR ECONOMY. THAT IS THE FUTURE THAT THE REPUBLICAN PARTY WANTS FOR THE UNITED STATES OF AMERICA AND THE FREE ENTERPRISE SYSTEM. THE CONFERENCE REPORT ALSO SIMPLIFIES TAX FILING. IT ELIMINATES COSTLY SPECIAL INTEREST TAX BREAKS. IT PROTECTS THE ABILITIES OF SMALL BUSINESSES TO WRITE OFF INTEREST ON LOANS AND OFFERS A FIRST-EVER 20% TAX DEDUCTION TO BUSINESS ORGANIZED AS S-CORPS, PARTNERSHIPS, L.L.C.'S, AND SOLE PROPRIETORSHIPS. THIS WILL BE A BOOM NOT ONLY FOR THE STOCK MARKET, WHICH WE HAVE SEEN SINCE THE DAY AFTER THE ELECTION, BUT WE HAVE SEEN A BOOM ON MAIN STREET AS JOB CREATORS AND NEW SMALL BUSINESSES ARE SEEKING TO REINVEST NOT ONLY IN THEIR BUSINESS, IN THEIR COMMUNITY BUT FOR THE OPPORTUNITY FOR THE BENEFIT OF WORKERS IN THE UNITED STATES OF AMERICA. THE TAX CUTS AND JOBS ACT IS A DIRECT AND IMMEDIATE BOOST FOR MIDDLE-INCOME AMERICANS WHO HAVE BEEN STRUGGLING, STRUGGLING FOR EIGHT, NOW NINE YEARS TO GET A HANDLE ON NOT ONLY THEIR ABILITY TO WORK WITH A BROKEN TAX SYSTEM BUT THE ABILITY TO WORK WITH THEIR OWN LOCAL BUSINESSES TO MAKE SURE THAT THEIR CITY SUCCEEDS ALSO. IT REDUCES THE TAX RATES FOR LOW-INCOME AND MIDDLE-INCOME AMERICANS. IT INCREASES THE CHILD TAX CREDIT TO MORE FAMILIES AND MORE THAN DOUBLES THE STANDARD DEDUCTION. WITH THIS PIECE OF LEGISLATION TODAY, LEGISLATION FOR MIDDLE-INCOME FAMILIES WILL ALLOW THEM TO BE A PART OF AN ECONOMIC GROWTH MODEL FOR YEARS TO COME. WE ARE PROUD OF WHAT WE ARE DOING AND DELIGHTED THAT WE OFFER THIS NOT ONLY TO THE UNITED STATES HOUSE OF REPRESENTATIVES TODAY BUT TO THE AMERICAN PEOPLE TO SEE THE REPUBLICAN ANSWER FOR ECONOMIC GROWTH AND DEVELOPMENT VITALITY FOR THE UNITED STATES OF AMERICA. MR. SPEAKER, I RESERVE THE BALANCE OF MY TIME.

      Show Full Text
    • 10:32:55 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN'S TIME IS RESERVED. THE GENTLELADY FROM NEW YORK.

    • 10:32:58 AM

      MS. SLAUGHTER

      THANK YOU, MR. SPEAKER. GOOD MORNING. I THANK THE GENTLEMAN FOR YIELDING…

      THANK YOU, MR. SPEAKER. GOOD MORNING. I THANK THE GENTLEMAN FOR YIELDING ME THE CUSTOMARY 30 MINUTES, AND I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

      Show Full Text
    • 10:33:05 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY IS RECOGNIZED.

    • 10:33:07 AM

      MS. SLAUGHTER

      WELL, MR. SPEAKER, I THINK AMERICA'S PRETTY APPREHENSIVE THIS MORNING.…

      WELL, MR. SPEAKER, I THINK AMERICA'S PRETTY APPREHENSIVE THIS MORNING. CERTAINLY THOSE WHO KNOW THAT TWO AMERICAN PRESIDENTS AND ONE GOVERNOR OF KANSAS HAVE TRIED TRICKLED DOWN FAIRLY RECENTLY AND FOUND IT DID NOT WORK AT ALL AND INDEED CAUSED GREAT ECONOMIC HARM. BUT WE ARE WALKING INTO TRICKLED DOWN ONCE AGAIN. I THINK THERE IS A WORD THAT DESCRIBES WHAT -- YOU DO THE SAME THING OVER AND OVER AGAIN EXPECTING A DIFFERENT RESULT. I WON'T USE THAT WORD BUT I SUSPECT MOST OF YOU KNOW EXACTLY WHAT I'M TALKING ABOUT. THIS -- PARTICULARLY AT THIS TIME WHEN THIS ECONOMY WAS REALLY BOOMING, REALLY DOING WELL, I APPRECIATE THERE WERE POCKETS WHERE PEOPLE WERE NOT GETTING JOBS AND WAS POINTED OUT BY RICHIE NEAL FREQUENTLY LAST EVENING, WE HAVE A SKILLS GAP THAT JOBS ARE GOING UNFILLED IN AMERICA AND THAT'S WHAT WE REALLY SHOULD BE WORKING ON TODAY. CORPORATIONS ARE AWASH WITH MONEY. THE STOCK MARKET IS BOOMING, AND WE HAVE THE LOWEST UNEMPLOYMENT RATE IN 17 YEARS. WHY IN THE WORLD WOULD WE TRIFLE WITH THAT TO TRY A FAILED TRICKLED DOWN POLICY AGAIN? NOW, EMERGENCY PROCEDURES WERE USED TO BRING THE BILL BEFORE US TODAY. NOW, NOBODY COULD HAVE ANY AMENDMENTS OR ANYTHING TO IT. IT WAS AN EMERGENCY. WE WERE NOT RE-AUTHORIZING THE CHILDREN'S HEALTH INSURANCE PROGRAM, WHICH A LOT OF PEOPLE THINK IS AN EMERGENCY. BECAUSE IT PROVIDES HEALTH CARE TO MORE THAN NINE MILLION CHILDREN. WE'RE NOT RE-AUTHORIZING COMMUNITY HEALTH CENTERS, WHICH SERVE MORE THAN 25 PEOPLE AND HAVING KILLING PLAINED, THE MONEY, THAT MEANS -- PLANNED PARENTHOOD, THE MONEY, THAT MEANS A LOT MORE PEOPLE NEED THE COMMUNITY HEALTH CENTERS. WE ARE NOT RE-AUTHORIZING THE PERKINS LOAN PROGRAM. THOSE EXPIRED SEPTEMBER 30. INSTEAD, DESPITE A RECORD OF 86 MONTHS OF JOB GROWTH, EVERY SINGLE MONTH FOR 86 MONTHS WE HAVE GROWN JOB AND AN UNEMPLOYMENT RATE THAT REMAINS STEADY, THE MAJORITY IS PRIORITIZING TAX CUTS. NOT TAX CUTS FOR THE MIDDLE CLASS. DON'T LET ANYBODY TELL YOU THIS IS TAX REFORM. IT ISN'T. IT'S MOVING AROUND OF RATES. VERY SPECIFICALLY GEARED TOWARD HELPING THE RICH. NOTHING MUCH FOR THE MIDDLE CLASS WHO MAKE HARD TO MAKE ENDS MEET BUT TAX CUTS FOR THE WEALTHY. THE MIDDLE CLASS WILL SEE THEIR MONEY GO DIRECTLY TO THE RICH, AND THAT'S WHAT THE BILL WAS DESIGNED TO DO. YOU CAN TELL BY WHO WROTE IT. THERE'S NOT A SINGLE DEMOCRATIC FINGERPRINT OR A BREATH ANYWHERE TO BE FOUND. INSTEAD, IT WAS CRAFTED BY THE LOBBYISTS WHO VIRTUALLY RUN WASHINGTON UNDER THE MAJORITY'S LEADERSHIP. SOME SWAMP CLEARING. CONSIDER THIS. THERE ARE 11,000 REGISTERED LOBBYISTS IN WASHINGTON, D.C. MORE THAN HALF OF THEM, MORE THAN HALF OF 11,000 REPORTED WORKING ON THE ISSUES INVOLVING TAXES DURING THE FIRST TWIRTS OF THIS YEAR -- 3/4 OF THIS YEAR. EAR OF THE 20 ORGANIZATIONS THAT HIRED THE MOST LOBBYISTS TO WORK ON TAX ISSUES HAVE REPORTED LOBBYING SPECIFICALLY ON TAX REFORM COVERING THE MATTERS INCLUDED IN THIS BILL. NOW, THIS IS THE QUOTE OF ALL-TIME. ONE LOBBYIST ADMITTED TO "THE NEW YORK TIMES" THAT FEW MEMBERS ACTUALLY HAD ANY INFLUENCE ON THE FINAL PRODUCT AND THEY SAID, QUOTE, YOU'RE DEALING WITH 14 PEOPLE INSTEAD OF 535 PEOPLE. SAYING SPECIFICALLY AS MUCH AS CAN BE POSSIBLY SAID THAT THE 535 PEOPLE IN THE CONGRESS REPRESENTING THE PEOPLE OF THE UNITED STATES DIDN'T DO A THING ON THIS. THEY WROTE IT. "THE NEW YORK TIMES" HAS REPORTED THAT THE TRAVEL INDUSTRY LOBBYISTS DIRECTLY EMAILED THOSE WRITING THE BILL TO KILL AN AMENDMENT ON TOURISM BECAUSE THEY HAVE BEEN CRITICAL OF PRESIDENT TRUMP. BUSINESS LOBBYISTS, AFTER SECURING THE LOWEST CORPORATE TAX RATE IN THE EARLY VERSION OF THE BILL, CALLED THE MEMBERS OF THE MAJORITY AND MADE IT EVEN MORE FAVORABLE TO THEM. THEY SECURED THE REMOVAL OF THE CORPORATE ALTERNATIVE MINIMUM TAX, A PROVISION TO DESIGN THE VERY RICH FROM GETTING AWAY WITH PAYING NO TAXES AT ALL, AND WE KNOW SOME PEOPLE WHO HAVE DONE THAT. THE MAJORITY'S BEEN VERY CLEAR ABOUT WHO THE BILL'S WRITTEN FOR. ONE MEMBER OF THE MAJORITY, CONGRESSMAN CHRIS COLLINS SAID, QUOTE, MY DONORS ARE BASICALLY SAYING, GET IT DONE OR DON'T EVER CALL ME AGAIN, END QUOTE. BUT MR. SPEAKER, WHAT ABOUT THE AVERAGE AMERICAN? WHAT ABOUT WORKERS AND MEMBERS OF THE MIDDLE CLASS WHO CAN'T WRITE BIG CAMPAIGN CHECKS OR WHO DON'T HAVE AN ARMY OF LAWYERS TO SCOUR THE TAX CODE ON THEIR BEHALF? THOSE ARE THE PEOPLE WHO WILL BE FORCED TO PAY THE PRICE FOR PROVIDING THE WEALTHY WITH THESE TAX CUTS. FORMER NEW YORK CITY MAYOR MICHAEL BLOOMBERG, CERTAINLY A MAN WHO PREFERS BUSINESS, KNOWS A THING OR TWO ABOUT RUNNING A BUSINESS AND HE RECENTLY WROTE THIS QUOTE. CORPORATIONS ARE SITTING ON A RECORD AMOUNT OF CASH RESERVES. NEARLY $2.3 TRILLION. THAT FIGURE HAS BEEN CLIMBING STEADILY SINCE THE RECESSION ENDED IN 2009, AND IT IS NOW DOUBLE WHAT IT WAS IN 2001. THE REASON C.E.O.'S -- THIS IS AN IMPORTANT POINT. THE REASON C.E.O.'S AREN'T INVESTING MORE OF THEIR LIQUID ASSETS HAS LITTLE TO DO WITH A TAX RATE. THEY ARE NOT WAITING ON A TAX CUT. IT IS PURE FANTASY TO THINK THAT THE TAX BILL WILL LEAD TO SIGNIFICANTLY HIGHER WAGES AND GROWTH AS REPUBLICANS HAVE PROMISED, END QUOTE. NOW, THAT'S NOT SOMEBODY ENVY OF BUSINESS. HE CALLS THIS BILL A $1 TRILLION BLUNDER. THIS IS REALLY REMARKABLE TIME IN THE UNITED STATES KNOWING WE ARE ON THE BRINK OF PASSING A BILL THAT WILL ADVERSELY IMPACT VIRTUALLY EVERY AMERICAN EXCEPT THE RICH. THE MAJORITY HAS THE VOTES AND THERE'S NOT MUCH DEMOCRATS CAN DO TO STOP IT. AND LET ME SAY AGAIN. I AM GLAD DEMOCRATS ARE NOT INVOLVED IN WRITING IT BUT IT'S AN INSULT TO THE WORD REFORM TO BE ASSOCIATED WITH THIS BILL. THE AMERICAN PEOPLE KNOW THEY'RE NOT GETTING WHAT THEY WERE PROMISED BY THE MAJORITY. WE KNOW A PRESIDENT WHO CAMPAIGNED MIGHTILY ON DOING AWAY WITH CARRIED INTEREST BUT IT'S STILL IN THE BILL. THE BILL HURTS THE MIDDLE CLASS, OUR CHILDREN, THE ELDERLY BY ELIMINATING -- AND VETERANS, BY THE WAY, BY ELIMINATING MANY OF THE DEDUCTIONS THEY RELY ON. UNDER THIS BILL THE PERSONAL EXEMPTION IS ELIMINATED, THE MORTGAGE INTEREST DEDUCTION IS LIMITED, STATE AND LOCAL TAX DEDUCTION IS LIMITED MIGHTILY AND THE MOVING EXPENSE DEDUCTION FOR INDIVIDUALS HAS BEEN ELIMINATED. EVEN THE AFFORDABLE CARE ACT'S INDIVIDUAL MANDATE IS ELIMINATED. THAT WILL CAUSE PREMIUMS TO GO UP BY 10% FOR THOSE IN THE INDIVIDUAL MARKET. AND 13 MILLION PEOPLE WILL LOSE THEIR INSURANCE. 13 MILLION. I WANT TO PAUSE ON THAT BECAUSE I'VE STOOD HERE AT THIS VERY SPOT WHEN THERE WERE ALL THESE 60 BILLS TO REPEAL OBAMACARE SO WE CAN INSERT THIS NOW IN THE TAX BILL WHICH WILL REALLY HURT IT. I ALWAYS WONDERED WHY THERE WAS SUCH A RUSH TO TAKE HEALTH CARE AWAY FROM PERSONS. I GUESS SOMEHOW THAT MONEY -- OBVIOUSLY THAT MEDICAID MONEY WILL PAY FOR A LOT OF THIS TAX CUTS FOR THE RICH. ALL THE TAX CUTS MADE FOR INDIVIDUALS WILL EXPIRE IN 2025. THE TAX CUTS FOR CORPORATIONS ARE PERMANENT. THAT'S NOT WHAT WE CALL REFORM. THAT KEEPS OUR TAX CODE COMPLICATED BY DESIGN. WEALTHY FAMILIES AND BIG CORPORATIONS CAN CONTINUE TAKING ADVANTAGE OF A SYSTEM THEY HELPED CREATE. BROKEN PROMISES ARE EMBEDDED THROUGHOUT THE LEGISLATION. FOR YEARS I HEARD MEMBERS OF THE MAJORITY COME TO THE FLOOR TALKING ABOUT THE NEED TO ADDRESS THE NATIONAL DEBT. APPARENTLY THAT WAS LITTLE MORE THAN A TALKING POINT BECAUSE THIS BILL EXPLODES THE DEBT BY $1.5 TRILLION AND COMPLETELY UNPAID FOR. LAW REQUIRES PROGRAMS, A $25 BILLION CUT TO MEDICARE. THIS ISN'T FEAR MONGERING. THIS IS FACT. SPEAKER RYAN SAID JUST LAST WEEK, AND I QUOTE, WE'RE GOING TO HAVE TO GET BACK NEXT YEAR. NEXT YEAR WE'RE GOING TO SAY, OH, MY, WE'RE GOING TO HAVE TO DO SOMETHING ABOUT THIS SPENDING AND THIS DEBT. SO WE'LL HAVE TO CUT SPENDING AND WHAT DOES HE WANT TO CUT? THE THINGS HE ALWAYS WANTED TO CUT. HE SAYS, AND I QUOTE, WE WILL HAVE TO GET BACK NEXT YEAR AT ENTITLEMENT REFORM, WHICH IS HOW YOU TACKLE THE DEBT AND THE DEFICIT. AND WE'VE KNOWN HE'S WANTED TO DO THAT FOR A LONG TIME. SO LET ME SAY THIS TO THE PUBLIC WATCHING TODAY. WHEN THIS MAJORITY SPEAKS OF REFORM, BE VERY WORRIED ABOUT YOUR FUTURE. BECAUSE THEY PUSH THIS SCAM UNDER THE GUISE OF SO-CALLED REFORM IS SIMPLY A CORPORATE GIVEAWAY. SOON THEY'LL BE BACK HERE TALKING ABOUT REFORMING SOCIAL SECURITY AND MEDICARE TO PAY WHAT IS GOING TO HAPPEN HERE TODAY. SO LET'S CALL IT WHAT IT REALLY IS, A SYSTEMATIC DISMANTLING OF THE SOCIAL CONTRACT. IT WILL IMPACT EVERYONE FROM CHILDREN TO VETERANS TO THE DISABLED AND IT BEGINS TODAY WITH THIS BILL TO HELP THE WEALTHY WHO HAVEN'T EVEN ASKED FOR IT. I RESERVE THE BALANCE OF MY TIME.

      Show Full Text
    • 10:43:12 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY'S TIME IS RESERVED. THE GENTLEMAN FROM TEXAS.

    • 10:43:15 AM

      MR. SESSIONS

      MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE…

      MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED GENTLEMAN FROM THE FINANCIAL SERVICES COMMITTEE TO TALK ABOUT A PIECE OF THIS BILL THAT'S FROM FINANCIAL SERVICES, THE GENTLEMAN FROM ST. ELIZABETH, MISSOURI, CONGRESSMAN LUETKEMEYER.

      Show Full Text
    • 10:43:28 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM MISSOURI IS RECOGNIZED FOR THREE MINUTES.

    • 10:43:31 AM

      MR. LUETKEMEYER

      THANK YOU, MR. SPEAKER. THANK YOU, MR. CHAIRMAN. THANK YOU FOR YOUR…

      THANK YOU, MR. SPEAKER. THANK YOU, MR. CHAIRMAN. THANK YOU FOR YOUR STEADFAST SUPPORT ON SO MANY IMPORTANT FINANCIAL SERVICES ISSUES. MR. SPEAKER, FIRST, I WANT TO QUICKLY LEND MY SUPPORT TO THE TAX PACKAGE SLATED TO BE CONSIDERED BY THE HOUSE TODAY. THIS LEGISLATION WILL BRING SIMPLICITY AND FAIRNESS TO THE TAX CODE. IT WILL LOWER TAX RATES SO INDIVIDUALS AND JOB CREATORS CAN INVEST IN OUR COMMUNITIES AND HIRE MORE WORKERS. I ALSO WANT TO COMMEND CHAIRMAN BRADY AND THE HOUSE LEADERSHIP FOR THEIR INCREDIBLE WORK ON THIS ISSUE. SECONDLY, MR. SPEAKER, BELIEVE IT OR NOT, THERE'S ANOTHER BILL SLATED TO BE CONSIDERED TODAY BY THIS BODY. H.R. 3312, SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT. IT WILL REMOVE THE ILL-CONCEIVED APPROACH IN DODD-FRANK TO DESIGNATE BANK HOLDING COMPANIES AS SYSTEMICALLY IMPORTANT FINANCIAL INSTITUTIONS OR SIFI'S. THE DESIGNATION OF SIFI'S IS BASED SOLELY ON SIZE. MORE THAN $50 BILLION IN ASSETS IS SUBJECT TO ENHANCED REGULATORY SUPERVISION AND A VARIETY OF SPECIAL ASSESSMENTS. THIS APPROACH FAILS TO TAKE INTO ACCOUNT DIFFERENCES IN BUSINESS MODELS OR RISKS POSED TO THE FINANCIAL SYSTEM. AS A FORMER BANK REGULATOR I CAN TELL YOU THIS ISN'T A RESPONSIBLE BASIS FOR SUPERVISION. A FACT HAS BEEN RECOGNIZED BY FED CHAIR YELLIN, FORMER TREASURY SECRETARY LEW. EVEN BARNEY FRANK, AUTHOR OF DODD-FRANK, HAS SAID THE $50 BILLION THRESHOLD IS COMPLETELY ARBITRARY AND HAS HAD NEGATIVE IMPLICATIONS ON OUR ECONOMY. THIS LEGISLATION CLOSELY TIES THE SAFEGUARDS INTENDED IN THE DESIGNATION OF A BANK HOLDING COMPANY WITH THE RISK TO THE SYSTEM. MY LEGISLATION WILL REQUIRE THE FEDERAL RESERVE TO EXAMINE NOT JUST SIZE BUT ALSO INTERCONNECTEDNESS, THE EXTENT OF READILY AVAILABLE SUBSTITUTES, GLOBAL CROSS-JURISDICTIONAL CRITERIA, CRITERIA THEY USE IN THEIR OWN RISK CALCULATION ANALYSIS. AN INEFFICIENT REGULATORY STRUCTURE CAN HAVE REAL ECONOMIC CONSEQUENCES. WE SHOULD NO LONGER LET THE SIFI PROCESS LEAD TO MARKETPLACE DISRUPTION OR PENALIZE COMPANIES BASED ON SIZE ALONE. IT'S TIME TO TAKE A MORE PRAGMATIC APPROACH TO THIS PROCESS AND MORE GENERALLY THE PUNITIVE REGULATORY REGIME HITTING FINANCIAL INSTITUTIONS AND THEIR CUSTOMERS. IT'S TIME TO ACTUALLY MANAGE RISK AND LIMIT REAL THREATS TO OUR FINANCIAL SYSTEM. THIS LEGISLATION RECEIVED BROAD BIPARTISAN SUPPORT WHEN IT WAS REPORTED BY THE FINANCIAL SERVICES COMMITTEE WITH A VOTE OF 47-12. THAT MEANS NEARLY 80% OF OUR COMMITTEE MEMBERS VOTED IN FAVOR OF THIS LEGISLATION. I HOPE OUR HOUSE COLLEAGUES WILL JOIN US IN SUPPORTING H.R. 3312 LATER TODAY, AND THANK YOU, AGAIN, MR. CHAIRMAN, FOR YOUR LEADERSHIP AND YOUR HELP WITH THIS INITIATIVE. WITH THAT, MR. SPEAKER, I YIELD BACK THE BALANCE OF MY TIME. .

      Show Full Text
    • 10:46:18 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM NEW YORK.

    • 10:46:20 AM

      MS. SLAUGHTER

      MR. SPEAKER, I YIELD ONE MINUTES TO THE GENTLEMAN FROM TEXAS, MR. DOGGETT.

    • 10:46:24 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM TEXAS IS RECOGNIZED FOR ONE MINUTE.

    • 10:46:27 AM

      MR. DOGGETT

      MR. SPEAKER, THE WORLD'S BIGGEST CORPORATE TAX DODGERS GET THE MOST OUT OF…

      MR. SPEAKER, THE WORLD'S BIGGEST CORPORATE TAX DODGERS GET THE MOST OUT OF THIS BILL, A 40% REDUCTION IN THE CORPORATE TAX RATE, AND THE RIGHT TO BRING BACK THOSE PROFITS THEY HAVE HIDDEN IN CARIBBEAN HIDE AWAYS FOR PENNIES ON THE DOLLAR. ANOTHER LOOPHOLE WILL ENCOURAGE JOBS IN AMERICA TO BE EXPORTED ABROAD. A LONG COMMUTE TO WORK IF THE JOB IS IN EUROPE OR ASIA. OF COURSE, THEY HAVE CAMOUFLAGED THIS CORPORATE TAX GIVEAWAY WITH SOME CHANGES FOR INDIVIDUALS. WHO GETS THOSE? WELL, IT'S A WHO'S WHO OF NOT YOU. THE TRUMP FAMILY, REAL ESTATE MOGULS, THEIR BILLIONAIRE BUDDIES. DISGUISED AS A MIDDLE CLASS TAX RELIEF, THIS RETCHED BILL TARGETS THE MIDDLE CLASS WITH A DIME OF EVERY DOLLAR THAT IS IN THE BILL. WHAT MOST AMERICANS WILL REALLY GET IS AMERICANS WILL REALLY GET IS MORE DEBT. AND THE COMING CUTS THAT THESE REPUBLICANS WILL INSIST ON MAKING TO MEDICARE, MEDICAID, AND EDUCATIONAL OPPORTUNITY. TAX FRAUD IS CRIMINAL, BUT PASSING THIS FRAUDULENT TAX BILL APPARENTLY IS NOT.

      Show Full Text
    • 10:47:45 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM TEXAS.

    • 10:47:47 AM

      MR. SESSION

      AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED…

      AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED GENTLEMAN, MEMBER OF THE REPUBLICAN LEADERSHIP, FROM MICHIGAN, CONGRESSMAN MITCHELL.

      Show Full Text
    • 10:47:53 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR THREE MINUTES.

    • 10:47:55 AM

      MR. MITCHELL

      THANK YOU, SIR. MR. SPEAKER, I RISE TO SET THE RECORD STRAIGHT ON TAX…

      THANK YOU, SIR. MR. SPEAKER, I RISE TO SET THE RECORD STRAIGHT ON TAX REFORM. THEY WOULD HAVE YOU BELIEVE THE TAX REFORM IS ONLY A BENEFIT TO THE WEALTHY OR HEARING THEM TODAY A PLOT BY THE TRUMP FAMILY. THAT'S SIMPLY PARTISAN RHETORIC. I HAVE LONG SAID I WOULD ONLY VOTE FOR TAX REFORM THAT HELPS FAMILIES LIVING PAYCHECK TO PAYCHECK. FAMILIES LIKE THE ONE I GREW UP IN. BY DAD WORKED ON THE LINE AT GENERAL MOTORS AND MY MOM WORKED AT SALVATION ARMY. MORE MONEY IN THEIR POCKET FROM THEIR PAYCHECK EVERY WEEK WOULD HAVE MADE A HUGE DIFFERENCE. THEY WORKED HARD TO SUPPORT THEIR FAMILY AND RAISE SEVEN CHILDREN. AND THAT LITTLE BIT OF MONEY WOULD HAVE MADE A DIFFERENCE. AND UNDOUBTEDLY NOW WILL MAKE A DIFFERENCE FOR THE AMERICAN PEOPLE. THAT'S EXACTLY WHAT THIS PLAN DOES. IT PUTS MEANINGFUL MONEY BACK IN THE POCKETS OF WORKING FAMILIES. A TYPICAL FAMILY IS PROJECTED TO SAVE OVER $2,000 A YEAR. NOW, THAT MAY NOT SOUND LIKE MUCH TO SOME ON THE OTHER SIDE OF THE AISLE, WHERE I GREW UP THAT'S HUGE. 57% OF AMERICANS WHO DON'T HAVE ENOUGH MONEY TO COVER A $500 EMERGENCY, THAT MONEY MATTERS. FOR BUSINESSES IT MEANS INVESTMENT, HIRING, AND BETTER WAGES. I TALKED TO BUSINESS OWNERS ACROSS MY DISTRICT AND THEY HAVE HAD THE SAME MESSAGE. CUT TAXES SO THEY CAN INCREASE WAGES AND HIRING. VICK, A RESTAURANT OWNER, TALKED TO ME ABOUT TAX CUTS THAT WOULD HELP HIS BUSINESS. WE PAY OUR TAXES FIRST, PEOPLE SECOND, WE PAY OUR BILLS THIRD, AND IF THERE IS ANYTHING LEFT OVER, WE GET PAID. OUR TAX SHOULDN'T BE CHALLENGE OR IMPEDIMENT FOR SMALL BUSINESS OWNERS LIKE VIC. AMERICANS PAY MORE IN TAXES THAN THEY PAY FOR FOOD AND CLOTHING. IT'S TIME TO FIX THIS. THIS. THIS TAX PLAN DOES THAT. THIS TAX PLAN HELPS FAMILIES AND BUSINESSES ACROSS MY DISTRICT AND ACROSS AMERICA WHICH IS WHY I PROUDLY SUPPORT T I URGE MY COLLEAGUES TO DO THE SAME. -- SUPPORT IT. I URGE MY COLLEAGUES TO DO THE SAME. THANK YOU, I YIELD BACK.

      Show Full Text
    • 10:50:01 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM NEW YORK.

    • 10:50:02 AM

      MS. SLAUGHTER

      I'M DELIGHTED TO YIELD ONE MINUTE TO THE GENTLEWOMAN FROM FLORIDA, MS.…

      I'M DELIGHTED TO YIELD ONE MINUTE TO THE GENTLEWOMAN FROM FLORIDA, MS. CASTOR. THE CONFEREE.

      Show Full Text
    • 10:50:10 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM FLORIDA IS RECOGNIZED.

    • 10:50:13 AM

      MS. CASTOR

      HERE WE'RE ABOUT ONE WEEK BEFORE CHRISTMAS AND THE G.O.P. HAS PROPOSED A…

      HERE WE'RE ABOUT ONE WEEK BEFORE CHRISTMAS AND THE G.O.P. HAS PROPOSED A TAX BILL THAT EBENEZER SCROOGE WOULD LOVE. IT IS A BIG BAH-HUMBUG FOR AMERICA AND THE FAMILIES AND COMMUNITIES WE REPRESENT BACK HOME. THEIR BILL WILL RAISE TAXES ON MILLIONS OF AMERICAN MIDDLE CLASS FAMILIES WHILE SHOWERING TAX BREAKS AND NEW LOOPHOLES ON THE SUPER RICH AND BIG CORPORATIONS. IT IS FUNDAMENTALLY UNFAIR. AND IT DOES THIS WITH A MASSIVE INCREASE TO OUR NATIONAL DEBT OF ABOUT $2.3 TRILLION. IN ESSENCE, MORTGAGING THE FUTURE FOR OUR KIDS AND GRANDKIDS, AND SQUEEZING OUT OUR ABILITY TO INVEST IN MEDICAL RESEARCH, MODERN INFRASTRUCTURE, AND THEY ADMIT THEY ARE GOING TO LOOK TO CUT AND RAISE COSTS ON FAMILIES WHO DEPEND ON MEDICAID AND MEDICARE. IT IS NOT FAIR AND THEY EVEN GO SO FAR AS TO RIP HEALTH COVERAGE AWAY FROM 13 MILLION AMERICANS IN THIS BILL. ANOTHER ATTACK ON THE A.C.A. IN FLORIDA WE HAVE 1.7 MILLION OF MY NEIGHBORS WHO RELY ON HEALTH CARE DOT GOV INSURANCE POOL. THEY ARE IN ESSENCE GIVING THEM A LUMP OF COAL FOR CHRISTMAS. DEFEAT THIS BILL, VOTE NO ON THIS SCROOGE TAX BILL.

      Show Full Text
    • 10:51:32 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM TEXAS.

    • 10:51:33 AM

      MR. SESSION

      BY THE WAY, THE GENTLEWOMAN WOULD WANT TO STATE THAT WE'RE NOT TAKING THIS…

      BY THE WAY, THE GENTLEWOMAN WOULD WANT TO STATE THAT WE'RE NOT TAKING THIS AWAY. THERE WILL BE A ONE-YEAR TRANSITION. SO, SORRY, IT WILL NOT BE EBENEZER SCROOGE AT CHRISTMAS. IT WILL BE THE BRIGHT LIGHTS OF A BIG FUTURE THAT LIES AHEAD FOR US. MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD FIVE MINUTES TO THE DISTINGUISHED GENTLEMAN FROM BUTLER, PENNSYLVANIA, CONGRESSMAN MIKE OWE KELLY.

      Show Full Text
    • 10:51:56 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR FIVE MINUTES. MR. OWE…

      THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR FIVE MINUTES. MR. OWE KELLY -- MR. O'KELL-L-ILY: I RISE IN SUPPORT --

      Show Full Text
    • 10:52:03 AM

      MR. O'KELL-L-ILY

      MR. O'KELL-L-ILY: I RISE IN SUPPORT --

    • 10:52:08 AM

      MR. KELLY

      SOMETIMES THE MESSAGE GOES BACK AND FORTH AND UNFORTUNATELY THIS IDEA OF…

      SOMETIMES THE MESSAGE GOES BACK AND FORTH AND UNFORTUNATELY THIS IDEA OF IDENTITY POLITICS IS WHAT WE HAVE TO PLAY ALL THE TIME. I STEAD OF TALKING TO THE AMERICAN PEOPLE, WE TALK PAST THE AMERICAN PEOPLE. AND WE TRY TO MAKE IT SO DIVISIVE THAT THEY CAN'T SEE THE FACTS. I WOULD JUST TELL MY FRIENDS ON THE OTHER SIDE, AS A CHILD GROWING UP I THINK ALL OF US WERE THE SAME. WE WOULD SIT DOWN ABOUT THIS TIME OF YEAR AND WRITE A LETTER TO SANTA. WE WOULD ASK SANTA CLAUS FOR EVERYTHING WE WANTED. AND IT WAS MAILED OFF TO THE NORTH POLE. THEN WE COME DOWN CHRISTMAS MORNING AND SEE THAT CHRISTMAS TREE AND THOSE GIFTS LAID OUT. WE NEVER GOT EVERYTHING WE WANTED. WE WERE SURE THANKFUL FOR EVERYTHING WE GOT. THIS TO SANTA. WE WOULD ASK SANTA CLAUS FOR EVERYTHING WE WANTED. AND TAX CUT AND JOBS ACT IS SO CRITICAL. WHEN WE TALK ABOUT DEBT, IF I WERE TO TELL AN INVESTOR FOR EVERY DOLLAR YOU INVEST I CAN RETURN $1.90 ON IT THEY WOULD BE EXCITED. LET ME EXPLAIN SOMETHING WHEN WE TALK ABOUT AMERICAN FAMILIES, NOT REPUBLICAN FAMILIES, NOT DEMOCRAT FAMILIES, LIBERTARIAN FAMILIES, AIM TALKING ABOUT AMERICAN FAMILIES. TYPICAL FAMILY OF FOUR EARNING $73,000 A YEAR WILL SEE A CUT IN THEIR TAXES OF $2,059. A SINGLE PARENT WITH ONE CHILD EARNING $41,000 A YEAR WILL SEE A TAX REDUCTION OF $1,304. I WOULD ASK MY FRIENDS, PLEASE DO NOT BE ON THE WRONG SIDE OF HISTORY. YOU WILL HAVE AN OPPORTUNITY TODAY TO DO SOMETHING THAT IS GREAT FOR AMERICA, TO I WOULD ASK MY FRIENDS, PLEASE MAKE AMERICA GREAT AGAIN. WE LOOK AT EVERYTHING THAT'S GOING ON. AND WE DECIDE THAT SOMEHOW IN THIS HOUSE WE MUST BE DIVISIVE AND NOT UNITED. WHEN WE THINK THAT SOMEHOW GIVING PEOPLE MORE OF THEIR OWN MONEY BACK IS THE WRONG POLICY. WHEN WE THINK THAT SOMEHOW GIVING TAX RELIEF TO EVERY SINGLE AMERICAN IS THE WRONG POLICY. WHEN WE THINK THAT THE TONE AND TINT OF SOMEBODY'S SKIN, SHAPE OF THEIR EYE, WHERE THEY WORSHIP, WHERE THEY LIVE, WHAT THEY EARN IS THE MAIN ISSUE, AND WE CAN DIVIDE THEM AS A PEOPLE, THAT IS ABSOLUTELY WRONG. IT IS TOTALLY UN-AMERICAN. WHAT IS TRULY PRO-AMERICAN IS MAKING SURE THAT EVERY SINGLE AMERICAN GETS TO KEEP MORE OF HER OR HIS MONEY THAT THEY EARN, AND THEY DON'T HAVE TO GIVE IT TO THE GOVERNMENT. NOTHING COULD BE MORE SIMPLE. NOTHING COULD BE MORE EASY. I WOULD ASK ALL MY FRIENDS TO PLEASE, LET'S ACT IN THE BEST INTERESTS OF AMERICA. FORGET THE IDENTITY POLITICS. LOOK WHAT'S GOOD FOR THOSE NEIGHBORS OF YOURS. LOOK WHAT'S GOOD FOR THOSE FRIENDS OF YOURS AND THAT FAMILY OF YOURS. LET'S DECIDE WHERE AMERICA'S GOING TO GO. WE HAVE SEEN A DRAMATIC RISE IN OUR ECONOMY SINCE THE LAST ELECTION. THIS TAX CUT BILL, THIS JOBS BILL, WILL ALLOW THIS ECONOMY TO TAKE OFF. WHERE ALL BOATS WILL RISE, NOT JUST RED BOATS OR BLUE BOATS, BUT RED, WHITE, AND BLUE BOATS AND IT WILL HAPPEN AT THE BEST OF THE YEAR. A TIME WHEN PEOPLE LOOK TO THIS HOUSE TO DO THE RIGHT THING FOR THE RIGHT REASON, BECAUSE GOOD THINGS HAPPEN WHEN WE DO THAT. THIS IS AN INCREDIBLE OPPORTUNITY IN THE HISTORY OF THE COUNTRY. THIS IS AN INCREDIBLE OPPORTUNITY TO SHOW THE AMERICAN PEOPLE THAT WE'RE NOT DIVIDED AS A HOUSE. WE'RE UNITED. WE'RE UNITED IN DOING THE RIGHT THING FOR THEM. BECAUSE IT IS THE RIGHT THING. AND GOOD THINGS WILL HAPPEN. SO I WOULD LIKE TO WISH ALL MY FRIENDS ON BOTH SIDES OF THE AISLE AND ALL THOSE FOLKS AT HOME A VERY MERRY CHRISTMAS AND A HAPPY HOLIDAYS, AND ON CHRISTMAS MORNING I GUARANTEE YOU YOU MAY NOT GET EVERYTHING THAT YOU WISHED FOR, BUT YOU ARE GOING TO BE SO THANKFUL FOR EVERYTHING YOU GOT. LET'S PASS THIS TAX CUTS BILL AND JOBS BILL AND MAKE SURE AMERICA MOVES FORWARD. WE HAVE LABORED, WE HAVE LABORED FOR TOO LONG BEHIND THE REST OF THE WORLD. INDIVIDUALS HAVE MORE TAKE HOME PAVEMENT CORPORATION ALSO STAY HOME. THEY WILL MAKE INVESTMENTS IN LAND, BRICKS, AND MORTAL, AND EQUIPMENT, AND EDUCATION AND MAKING OUR WORKERS THE BEST -- MORTAR, AND EQUIPMENT, AND EDUCATION, AND MAKING OUR WORKERS THE BEST IN THE WORLD. WE WILL NOT ONLY PARTICIPATE, LEE DOMINATE AND THAT WILL TRICKLE DOWN TO EVERY SINGLE AMERICAN. NOT JUST RED, WHITE, AND BLUE, NOT JUST REPUBLICANS OR DEMOCRATS, BUT EVERY SINGLE AMERICAN. WHAT A WONDERFUL GIFT FOR CHRISTMAS. THANK YOU SO MUCH. I YIELD BACK.

      Show Full Text
    • 10:56:19 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM NEW YORK.

    • 10:56:28 AM

      MS. SLAUGHTER

      MR. SPEAKER,

    • 10:56:29 AM

      MS. SLAUGHTER

      MR. SPEAKER,

    • 10:56:35 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM KENTUCKY IS RECOGNIZED FOR ONE MINUTE.

    • 10:56:38 AM

      MR. YARMUTH

      I THANK MY FELLOW KENTUCKY NATIVE FOR YIELDING. TODAY, MY REPUBLICAN…

      I THANK MY FELLOW KENTUCKY NATIVE FOR YIELDING. TODAY, MY REPUBLICAN COLLEAGUES WILL VOTE TO APPROVE AN UNPOPULAR BILL. AMERICAN PEOPLE DON'T BUY THAT THIS BILL WILL HELP AMERICAN FAMILIES. MORE THAN 83 MILLION MIDDLE CLASS FAMILIES WILL SEE A TAX HIKE. THE PEOPLE SEE THE REPUBLICANS HAVE SOLD THEIR SOULS AND PRINCIPLES TO GIVE TAX CUTS TO WEALTHY CORPORATIONS AND TO PAY BACK THEIR BILLIONAIRE DONORS. THEY KNOW THE REPUBLICANS HAVE ABANDONED ANY CLAIM TO FISCAL RESPONSIBILITY. AFTER ALL, NONPARTISAN ANALYSIS CONCLUDE THIS BILL WILL ADD MORE THAN $1 TRILLION TO THE DEBT. BUT THE REPUBLICAN LEADERSHIP HAS A PLAN TO MAKE UP THE DIFFERENCE AND IT'S SOMETHING ELSE. THEY ARE ALREADY WORKING ON LEGISLATION TO MAKE MASSIVE CUTS TO MEDICARE, MEDICAID, AND OTHER PROGRAMS FAMILIES NEED. THIS ISN'T TAX REFORM. THIS ISN'T HELP FOR THE MIDDLE CLASS. IT'S A SCAM. IT'S FRAUD. AND IT WILL HAVE DANGEROUS LONG LASTING CONSEQUENCES FOR THE AMERICAN PEOPLE. I URGE MY COLLEAGUES TO DEFEAT THE RULE AND TO REJECT THIS SCANDALOUS REPUBLICAN DONOR PAYBACK LEGISLATION. I YIELD BACK.

      Show Full Text
    • 10:57:38 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM TEXAS.

    • 10:57:40 AM

      MR. SESSIONS

      MR. SPEAKER, THANK YOU VERY MUCH. MR. SPEAKER, AT THIS TIME I'D LIKE TO…

      MR. SPEAKER, THANK YOU VERY MUCH. MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED GENTLEMAN FROM THE RULES COMMITTEE, THE GENTLEMAN FROM FAIR HOPE, ALABAMA, CONGRESSMAN BRADLEY BYRNE.

      Show Full Text
    • 10:57:53 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM ALABAMA IS RECOGNIZED FOR THREE MINUTES.

    • 10:57:56 AM

      MR. BYRNE

      I THANK THE CHAIRMAN FOR YIELDING AND FOR HIS CONTINUED LEADERSHIP. WE ARE…

      I THANK THE CHAIRMAN FOR YIELDING AND FOR HIS CONTINUED LEADERSHIP. WE ARE ON THE CUSP OF SOMETHING TRULY HISTORIC THAT WILL MAKE LIFE BETTER FOR MILLIONS OF PEOPLE ACROSS THE UNITED STATES. BY REFORMING THE TAX CODE, WE WILL BE ABLE TO PUT MORE MONEY IN PEOPLE'S POCKETS AND CREATE A FAIRER AND SIMPLER TAX SYSTEM. UNDER THE CURRENT TAX CODE, WELL-OFF INDIVIDUALS AND BIG BUSINESSES CAN HIRE LOBBYISTS AND LAWYERS TO HELP THEM FIND LOOPHOLES AND SPECIAL INTEREST GIVEAWAYS ALL AT THE EXPENSE OF WORKING AMERICANS. WITH OUR PLAN, THE TAX CODE WILL BE SIMPLIFIED. LOOPHOLES WILL BE CLOSED. AND THE PLAYING FIELD WILL BE LEVELED. I WANT TO MAKE ONE THING CLEAR. IF YOU ARE LOOKING FOR A TAX PLAN THAT BENEFITS THE ELITE, THE WELL CONNECTED, AND 1%, THEN YOU NEED TO LOOK AT THE CURRENT TAX CODE. MR. SPEAKER, MY COLLEAGUES ON THE OTHER SIDE OF THE AISLE ARE GOING TO GREAT LENGTHS TO DEFEND THE CURRENT TAX CODE THAT TRULY BENEFITS THE TOP 1%. FOR EXAMPLE, THE DEMOCRATIC LEADER HAS CALLED THE TAX CUTS AND JOBS ACT, QUOTE, THE END OF THE WORLD, CLOSE QUOTE. SO APPARENTLY GIVEN THE HARDWORKING -- GIVING THE HARDWORKING PEOPLE IN THIS COUNTRY IS TO HER, ARMAGEDDON, CLOSE QUOTE. LISTEN, STOP WITH ALL THE DOOMSDAY POLITICAL RHETORIC, CUT TO THE CHASE, AND SAY WHAT THIS BILL REALLY DOES. IT CUTS TAXES ON HARDWORKING AMERICANS AND ALLOWS THEM TO KEEP MORE MONEY IN THEIR POCKETS. IT SUPPORTS AMERICAN FAMILIES BY INCREASING THE CHILD TAX CREDIT AND DOUBLING THE STANDARD DEDUCTION. IT GROWS THE AMERICAN ECONOMY BY MAKING THE CORPORATE TAX CODE ACTUALLY COMPETITIVE WITH OTHER INDUSTRIALIZED COUNTRIES. IT BENEFITS MAIN STREET BUSINESSES AND ALABAMA AND ACROSS THE COUNTRY -- IN ALABAMA AND ACROSS THE COUNTRY WITH A NEW 20% TAX REDUCTION FOR PASS-THROUGH INCOME. IT WILL LEAD TO GREATER ECONOMIC GROWTH, HIGHER WAGES, AND MORE JOBS WHICH IS EXACTLY WHAT THE AMERICAN PEOPLE SENT PRESIDENT TRUMP AND THE REPUBLICAN CONGRESS TO WASHINGTON TO DO. SO LET'S SAVE THE POLITICAL HYPERBOLE FOR ANOTHER DAY. PASS THE TAX CUTS AND JOBS ACT AND GIVE THE AMERICAN PEOPLE A REAL CHRISTMAS PRESENT AND PUT MORE MONEY IN THEIR POCKETS. I YIELD BACK. .

      Show Full Text
    • 11:00:31 AM

      MS. SLAUGHTER

      I'M PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM MINNESOTA, MR.…

      I'M PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM MINNESOTA, MR. ELLISON.

      Show Full Text
    • 11:00:36 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

    • 11:00:38 AM

      MR. ELLISON

      I ASK THE AMERICAN PEOPLE TO ASK THEMSELVES -- HAVE YOU EVER SEEN A…

      I ASK THE AMERICAN PEOPLE TO ASK THEMSELVES -- HAVE YOU EVER SEEN A REPUBLICAN BIG-TIME TAX CUT FOR THE WEALTHY AND BIG COMPANIES EVER TRICKLE DOWN TO THEM? IF YOU LOOK OVER THE COURSE OF THESE THINGS THAT THEY DO EVERY FEW YEARS, ALL THEY DO IS CONCENTRATE WEALTH AT THE VERY TOP AND TAKE MONEY OUT OF THE HANDS OF WORKING PEOPLE. THEY STARVE GOVERNMENT AND MAKE IT MORE DIFFICULT FOR YOUR GOVERNMENT, WHICH IS OF, BY, AND FOR THE PEOPLE TO HELP YOU WITH DISASTER, WITH SOCIAL SECURITY, MEDICAID, MEDICARE, OR ANY KIND OF PROGRAM THAT YOU NEED. IT JUST STARVES THE GOVERNMENT OF ITS ABILITY TO MAKE YOUR LIFE BETTER. BUT YOU KNOW WHAT, MR. SPEAKER. ANOTHER THING ABOUT THIS PARTICULAR TAX BILL. YOU KNOW, THEY'VE BEEN STUDYING IT, AND THERE IS GOING TO BE ONE TREMENDOUS BENEFICIARY OF THIS TAX BILL. IT'S GOING TO BE WELLS FARGO. WELLS FARGO, WHICH WILL SEE ITS CORPORATE TAX RATE DROP DOWN TO 21% FROM THE 35% IT IS NOW IS GOING TO MAKE ON AVERAGE A 13% INCREASE IN EARNINGS PER SHARE. REMEMBER THAT BIG COMPANY, THAT BIG COMPANY THAT OPENED UP A BUNCH OF ACCOUNTS PEOPLE DIDN'T NEED, SOLD PEOPLE INSURANCE IT DIDN'T NEED. THEY WILL BE DOING BETTER. AMERICAN FAMILIES WILL BE DOING WORSE. VOTE NO ON THIS RULE. NO ON THE TAX BILL.

      Show Full Text
    • 11:01:51 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS.

    • 11:01:54 AM

      MR. SESSIONS

      MR. SPEAKER, I'D LIKE TO YIELD ONE MINUTE TO THE DISTINGUISHED GENTLEMAN…

      MR. SPEAKER, I'D LIKE TO YIELD ONE MINUTE TO THE DISTINGUISHED GENTLEMAN FROM TAYLORVILLE, ILLINOIS, THE CONGRESSMAN, RODNEY DAVIS.

      Show Full Text
    • 11:02:01 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM ILLINOIS IS RECOGNIZED FOR ONE MINUTE.

    • 11:02:03 AM

      MR. DAVIS

      I THANK CHAIRMAN SESSIONS FOR HIS LEADERSHIP AND FOR YIELDING. MR.…

      I THANK CHAIRMAN SESSIONS FOR HIS LEADERSHIP AND FOR YIELDING. MR. CHAIRMAN, WE ARE ABOUT TO MAKE HISTORY THIS WEEK BY DELIVERING A TAX CUT TO FAMILIES AT EVERY INCOME LEVEL. THE MATH CLEARLY SHOWS THE AVERAGE FAMILY OF FOUR MAKING THE COUNTRY'S MEDIAN INCOME OF $73,000 WILL RECEIVE A $2,000 TAX CUT. YET, MANY OF MY TWRENDS ON THE OTHER SIDE OF THE AISLE CONTINUE TO -- FRIENDS ON THE OTHER SIDE OF THE AISLE CONTINUE TO SAY THIS WILL RAISE TAXES ON MILLIONS OF MIDDLE CLASS FAMILIES. THAT'S JUST NOT TRUE. UNLESS YOU'RE REFERRING TO 2025 WHEN THESE TAX CUTS EXPIRE AND WE GO BACK TO THE STATUS QUO. WHY IS THERE AN EXPIRATION DATE? BECAUSE MANY OF THE SAME PEOPLE USING THIS AS A TALKING POINT AGAINST THIS BILL ARE THE REASON THEY SUNSET. IF WE COULD GET 60 VOTES IN THE SENATE REQUIRING JUST A FEW OF MY FRIENDS ON THE OTHER SIDE OF THE AISLE TO WORK WITH US, WE COULD MAKE THIS TAX CUT FOR MIDDLE CLASS FAMILIES PERMANENT. I WILL GIVE THEM ANOTHER CHANCE TO SUPPORT TAX CUTS FOR THOSE IN THEIR DISTRICT. I WILL HAVE A BILL THAT MAKE THE INDIVIDUAL TAX CUTS PERMANENT. I DON'T THINK ANYONE BELIEVES WE WILL LET THEM EXPIRE. NONETHELESS, I WILL MAKE SURE THIS IS IN PLACE FOR MIDDLE CLASS FAMILIES THIS YEAR AND MAKE SURE THEY'RE HERE TO STAY. I HOPE EACH AND EVERY ONE OF MY COLLEAGUES WILL SIGN ON AS A CO-SPONSOR. I YIELD BACK.

      Show Full Text
    • 11:03:24 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM NEW YORK. SLAUTH MR. SPEAKER, I'M PLEASED TO YIELD TWO…

      THE GENTLELADY FROM NEW YORK. SLAUTH MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLELADY FROM --

      Show Full Text
    • 11:03:30 AM

      MS. SLAUGHTER

      MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLELADY FROM…

      MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLELADY FROM CALIFORNIA, MS. LEE.

      Show Full Text
    • 11:03:33 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY IS RECOGNIZED FOR TWO MINUTES.

    • 11:03:36 AM

      MS. LEE

      I WANT TO THANK THE GENTLEWOMAN FOR YIELDING AND FOR YOUR LEADERSHIP. I…

      I WANT TO THANK THE GENTLEWOMAN FOR YIELDING AND FOR YOUR LEADERSHIP. I RISE IN STRONG OPPOSITION TO THIS BILL AND THE UNDERLYING BILL WHICH IS THE GREATEST TAX SCAM IN AMERICA'S HISTORY. IT'S CRUEL AND IT'S COLD HEARTED. IT STEALS FROM LOW AND MIDDLE INCOME FAMILIES AND LINES THE POCKETS OF MILLIONAIRES, BILLIONAIRES AND WEALTHY CORPORATIONS AND, YES, IT MAKES IT EASIER FOR CORPORATIONS TO SHIP JOBS OVERSEAS. NOW, FOR WEEKS REPUBLICANS HAVE BEEN SELLING THE PIPE DREAM THAT TAX CUTS FOR THE RICH WILL SOMEHOW TRICKLE DOWN AND BENEFIT THE MAJORITY OF AMERICANS. THAT IS SO FAR FROM THE TRUTH. JUST YESTERDAY THE TAX POLICY CENTER REVEALED THAT 83% OF THE TAX BREAKS IN THIS COUNTRY GO TO THE TOP 1%. WHAT'S WORSE, 86 MILLION MIDDLE INCOME HOUSEHOLDS WILL FACE TAX HIKES AND 13 MILLION AMERICANS WILL LOSE HEALTH CARE COVERAGE. MR. SPEAKER, CONSTITUENTS IN MY CONGRESSIONAL DISTRICT ARE AFRAID OF THEIR FUTURE BECAUSE THIS TAX SCAM IS GOING TO SEVERELY DEVASTATE FAMILIES IN CALIFORNIA. NEARLY TWO MILLION CALIFORNIANS STAND TO LOSE THEIR STATE AND LOCAL DEDUCTIONS IF REPUBLICANS SUCCEED. THIS IS TRULY A SLAP IN THE FACE TO THE AMERICAN PEOPLE. REPUBLICANS HAVE ALWAYS -- ALREADY AND ALWAYS, YES, MADE IT CLEAR THAT THIS TAX SCAM IS A TROJAN HORSE FOR REPUBLICANS TO TAKE AN AX TO MEDICARE, SOCIAL SECURITY, AND PROGRAMS THAT LIFT PEOPLE OUT OF POVERTY. BUT THE PUBLIC IS NOT GOING TO LET THEM GET AWAY WITH THIS. THEY WILL REMEMBER WHO IS SHATTERING THEIR LIVES. THIS BILL IS RUTHLESS. IT MAKES CLEAR THE REPUBLICANS ONLY VALUE THE LIVES OF THE WEALTHY AND THEIR DONORS. THAT'S WHOSE SIDE THEY'RE ON. WELL, DEMOCRATS ARE ON THE SIDE OF MIDDLE AND LOW INCOME FAMILIES WHO ARE WORKING HARD JUST TO MAKE ENDS MEET, TO TAKE CARE OF THEIR CHILDREN, TO MAKE BETTER WAGES AND WHO ARE FIGHTING FOR A BETTER FUTURE. WE SHOULD OPPOSE THIS BILL AND THIS TAX SCAM BILL -- EXCUSE ME -- AND THIS RULE. IT'S REALLY A RAW DEAL FOR THE AMERICAN PEOPLE. THE PUBLIC KNOWS WHOSE SIDE WE'RE ON. THE PUBLIC KNOWS WHOSE SIDE THAT THE REPUBLICANS ARE. THANK YOU AND I YIELD THE BALANCE OF MY TIME.

      Show Full Text
    • 11:05:36 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM TEXAS WITH 10 3/4 MINUTES REMAINING.

    • 11:05:39 AM

      MR. SESSIONS

      THANK YOU VERY MUCH, MR. SPEAKER. AT THIS TIME I'D LIKE TO IF I COULD…

      THANK YOU VERY MUCH, MR. SPEAKER. AT THIS TIME I'D LIKE TO IF I COULD ADVISE THE GENTLEWOMAN TO BALANCE OUT THE TIME I WILL ALLOW HER TO HAVE THE NEXT COUPLE SPEAKERS SO WE CAN EQUAL THE TIME SO I RESERVE MY TIME.

      Show Full Text
    • 11:05:50 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN'S TIME IS RESERVED. THE GENTLELADY FROM NEW YORK.

    • 11:05:53 AM

      MS. SLAUGHTER

      THANK YOU, MR. SPEAKER. I'M PLEASED TO YIELD 1 1/2 MINUTES TO THE…

      THANK YOU, MR. SPEAKER. I'M PLEASED TO YIELD 1 1/2 MINUTES TO THE GENTLEMAN FROM RHODE ISLAND, MR. LANGEVIN.

      Show Full Text
    • 11:05:59 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM RHODE ISLAND IS RECOGNIZED FOR 1 1/2 MINUTES.

    • 11:06:02 AM

      MR. LANGEVIN

      I THANK THE GENTLELADY FOR YIELDING. MR. SPEAKER, TODAY WE ARE DEBATING…

      I THANK THE GENTLELADY FOR YIELDING. MR. SPEAKER, TODAY WE ARE DEBATING THE FINAL VERSION OF THE REPUBLICAN TAX BILL WHICH I CANNOT SUPPORT. THIS BILL WAS FLAWED FROM THE START. FIRST OF ALL, IT WAS NEVER DEFICIT NEUTRAL. AND THERE WAS NEVER A BIPARTISAN NEGOTIATION. THIS IS A REPUBLICAN-ONLY BILL, AND IT WAS DEVELOPED WITHOUT ANY INPUT AT ALL FROM DEMOCRATS BECAUSE THEY NEVER SOUGHT OUR INPUT AT ALL. MY REPUBLICAN COLLEAGUES SAY IT WILL JUMP-START THE ECONOMY. WELL, WE CAN DO JUST THAT, BY PROVIDING TAX CUTS TO WORKING CLASS FAMILIES. WHOSE PAYCHECKS ARE ALREADY STRETCHED FAR TOO THIN AND WOULD REINVEST THAT MONEY IN THE LOCAL ECONOMY. NOW, INSTEAD, THIS BILL PROVIDES THEM WITH CRUMBS AND TEMPORARY CRUMBS AT THAT. UNDER THIS PLAN, CORPORATE CUTS, THOUGH, WOULD BE PERMANENT. THIS BILL WE'LL SEE AN ENTIRELY DIFFERENT, MORE EXPENSIVE INDIVIDUAL TAX CODE IN 2025 WHEN THE MIDDLE CLASS TAX CUTS EXPIRE. THIS BILL ALSO BALLOONS THE NATIONAL DEBT. MAKE NO MISTAKE ABOUT IT. AND IT REPEALS A CRITICAL HEALTH CARE PROVISION THAT WILL RESULT IN 13 MILLION AMERICANS BECOMING UNINSURED. NOW, THESE DAYS I HEAR A LOT ABOUT ACCOUNTABILITY AND ENCOURAGING COMPETITIVENESS FOR THE AMERICAN WORKER WHICH I SUPPORT, BUT THIS BILL WITH ITS NOVEL LOOPHOLES AND FLAWED TRICKLED DOWN PHILOSOPHY DOES NEITHER. IT'S A WASTED OPPORTUNITY. I BELIEVE IT'S NOT TOO LATE, BUT THE WAY THIS BILL IS WRITTEN, I CANNOT SUPPORT IT. THIS WAS WRITTEN FOR CORPORATIONS AND THE WEALTHY 1% IN THIS COUNTRY. IT WAS NOT WRITTEN FOR A STRONG MIDDLE CLASS. WE CAN DO BETTER, AND I URGE MY COLLEAGUES TO OPPOSE THIS BILL.

      Show Full Text
    • 11:07:48 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM NEW YORK WITH 12 1/2 MINUTES REMAINING.

    • 11:07:52 AM

      MS. SLAUGHTER

      12 1/2, ALL RIGHT. THANK YOU, MR. SPEAKER. I YIELD ONE MINUTE TO THE…

      12 1/2, ALL RIGHT. THANK YOU, MR. SPEAKER. I YIELD ONE MINUTE TO THE GENTLEMAN FROM -- THE GENTLEWOMAN FROM TEXAS, MS. JACKSON LEE.

      Show Full Text
    • 11:08:00 AM

      THE SPEAKER PRO TEMPORE

      LEE.

    • 11:08:04 AM

      MS. JACKSON LEE

      JACKSON LEE: A BILL THAT IS DONE IN THE DARK OF NIGHT, IN THE MIDST OF…

      JACKSON LEE: A BILL THAT IS DONE IN THE DARK OF NIGHT, IN THE MIDST OF CRISIS LIKE CHIP, PERKINS FUNDING FOR OUR STUDENTS, THE LACK OF FUNDING FOR THAT, THE LACK OF FUNDING FOR CHIP AND FOR HEALTH CARE FOR MILLIONS OF AMERICANS AND YET OUR FRIENDS ON THE OTHER SIDE GO WITHOUT SHAME IN PASSING THE G.O.P. TAX SCAM BILL. IN THE HOUSTON CHRONICLE THEY APTLY PUT WINNERS AND LOSERS AND THEY APTLY PUT AT THE TOP OF THE WINNERS WOULD BE THE TRUMP ORGANIZATION. THIS IS A CHRISTMAS GIFT FOR THE TRUMP FAMILY, NO ONE ELSE. WITH HUGE CUTS TO THE UNINSURED, TO COMMUTERS, AND TO HOMEOWNERS IN HIGH TAX STATES. THIS IS NOT A FAIR DISTRIBUTION OF FUNDS, AND IT'S CERTAINLY GOING TO IMPACT THOSE WHO ARE STILL SUFFERING FROM HURRICANES ALL OVER THE NATION. SO I ASK THE QUESTION, WHY THE RUSH? WHY THE RUSH TO GIVE TAX CUTS TO THE TOP 1% AND INCREASING TAXES ON MILLIONS OF MIDDLE CLASS AMERICANS TO PAY FOR A PERMANENT TAX? THE AMERICAN PEOPLE HAVE IT RIGHT. PERMANENT TAX CUT FOR THE RICH. THEY HAVE IT RIGHT. THIS IS THE WORST CATASTROPHIC BILL THAT HAS EVER BEEN PASSED BY THE MEMBERS OF THE REPUBLICAN PARTY AND THE HOUSE OF REPRESENTATIVES.

      Show Full Text
    • 11:09:45 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY IS NO LONGER RECOGNIZED.

    • 11:09:47 AM

      MS. JACKSON LEE

      I YIELD BACK.

    • 11:09:48 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM TEXAS.

    • 11:09:50 AM

      MR. SESSIONS

      THANK YOU, MR. SPEAKER. WE CONTINUE TO RESERVE.

    • 11:09:53 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN RESERVES HIS TIME. THE GENTLELADY FROM NEW YORK.

    • 11:09:57 AM

      MS. SLAUGHTER

      I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLEMAN FROM VERMONT, MR. WELCH.

    • 11:10:01 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM VERMONT IS RECOGNIZED FOR TWO MINUTES.

    • 11:10:04 AM

      MR. WELCH

      I THANK THE GENTLELADY. WE DO NEED TAX REFORM. WE NEED TAX REFORM THAT WE…

      I THANK THE GENTLELADY. WE DO NEED TAX REFORM. WE NEED TAX REFORM THAT WE ALL DESCRIBED IN THE BEGINNING AS SOMETHING THAT WOULD HELP THE MIDDLE CLASS, IT WOULD SIMPLIFY TAXES, AND WOULD BE REVENUE NEUTRAL. THIS BILL, SOMETIMES DESCRIBED BY ITS AUTHORS AS DOING THOSE THINGS, ACCOMPLISHES NONE OF THOSE THINGS. FIRST OF ALL, THE MIDDLE CLASS. WAGES HAVE BEEN STAGNANT. THE JOBS PEOPLE ARE GETTING -- AREN'T PAYING THE BILLS AND WE KNOW THE BIGGEST CHALLENGES WE FACE IS INCREASING INVESTMENT, INCREASING WAGES AND INCREASING SECURITY. THERE IS SOME BENEFITS IN THIS BILL FOR THE MIDDLE CLASS. BUT LET'S GET REAL. THOSE BENEFITS ARE TINY AND THEY'RE TEMPORARY. VERMONT FAMILY, IF YOU'RE LUCKY, WE GET HIT WITH THE SALT DEDUCTION LOSS, YOU MIGHT MAKE A COUPLE HUNDRED BUCKS. BUT AT WHAT PRICE? ONCE THESE BENEFITS EXPIRE, 83% OF THE BENEFITS OF THE INDIVIDUAL TAX RATE GO TO THE TOP 1%. AT WHAT PRICE? $2 TRILLION ADDED TO THE DEFICIT, AND LET ME TELL YOU THIS. VERMONT FAMILIES, HARD-EARNING FAMILIES, WORKING FAMILIES, THEY'D LIKE A TAX CUT BUT NOT ONE THAT THEIR CHILDREN AND GRANDCHILDREN ARE GOING TO HAVE TO PAY. THAT IS UNCONSCIONABLE. WHAT ABOUT THESE CORPORATE TAX CUTS? WE WANT SIMPLIFICATION SO WE'RE COMPETITIVE. THERE'S A 40% REDUCTION FOR MULTINATIONAL CORPORATIONS, BUT IN THIS BILL, IS THERE ANY CORRESPONDING REQUIREMENT THAT THEY START REINVESTING IN AMERICA? EXACTLY THE OPPOSITE. THERE IS A LOWER TAX RATE FOR COMPANIES THAT INVEST ABROAD, SEND JOBS ABROAD RATHER THAN INVEST AT HOME. THAT'S OUTRAGEOUS. AND WHAT HAPPENS BECAUSE OF THIS DEFICIT? MEDICARE IS GOING TO BE CUT DIRECTLY AS A RESULT OF THIS TAX BILL. AND THE INFRASTRUCTURE PLAN WE ALL WANT IS EVAPORATING. I YIELD BACK, DEFEAT THIS RULE, DEFEAT THIS BILL.

      Show Full Text
    • 11:12:24 AM

      MR. SESSIONS

      MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEMAN…

      MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEMAN FROM ENNIS, TEXAS, CHAIRMAN BARTON.

      Show Full Text
    • 11:12:32 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

    • 11:12:34 AM

      MR. BARTON

      I THANK THE GENTLEMAN. I'D ASK UNANIMOUS CONSENT TO REVISE AND EXTEND MY…

      I THANK THE GENTLEMAN. I'D ASK UNANIMOUS CONSENT TO REVISE AND EXTEND MY REMARKS.

      Show Full Text
    • 11:12:38 AM

      TEMPORE WITHOUT

      WITHOUT OBJECTION.

    • 11:12:39 AM

      MR. BARTON

      MR. SPEAKER, I'M ONE OF THE FEW MEMBERS THAT WAS HERE BACK IN 1986 WHEN WE…

      MR. SPEAKER, I'M ONE OF THE FEW MEMBERS THAT WAS HERE BACK IN 1986 WHEN WE HAD THE LAST MAJOR TAX CUT BEFORE THIS BODY. THE PRESIDENT WAS RONALD REAGAN. THE SPEAKER OF THE HOUSE WAS TIP O'NEILL. THEY WORKED TOGETHER ON A BIPARTISAN BASIS TO CUT TAXES ACROSS THE BOARD. THE RESULT WAS THE ECONOMIC GROWTH OF THE LATE 1980'S AND THE EARLY 1990'S, UP UNTIL THE EARLY 2000'S WHEN WE HAD 9/11. IT'S ONE OF THE BEST VOTES I HAVE EVER TAKEN AS A MEMBER OF THIS BODY. WELL, NOW WE'RE HERE ON ANOTHER MAJOR TAX BILL. THE PROBLEM THIS TIME AROUND IS THAT THERE'S NO BIPARTISANSHIP. WHY IS THAT, MR. SPEAKER? IT'S NOT BECAUSE THE REPUBLICANS DON'T WANT TO BE BIPARTISAN. IT'S BECAUSE THE DEMOCRATIC LEADERSHIP THIS TIME AROUND HAS JUST SAID NO. THIS TAX -- THIS TAX BILL IS A GOOD BILL. THE DISTINGUISHED GENTLEMAN FROM VERMONT THAT JUST SPOKE IS CORRECT IN THAT IT'S NOT REVENUE NEUTRAL. BUT MR. SPEAKER, REVENUES ARE AT AN ALL-TIME HIGH. WE'RE GOING TO RAISE MORE MONEY THIS YEAR THAN WE EVER RAISED BEFORE AT THE FEDERAL LEVEL. LET ME REPEAT THAT. RAISE MORE MONEY THAN WE'VE EVER RAISED BEFORE AT THE FEDERAL LEVEL. ISN'T IT TIME TO GIVE HARDWORKING AMERICANS A LITTLE OF THAT MONEY BACK? THAT'S WHAT THIS BILL DOES. IT CUTS RATES FOR EVERY WORKING AMERICAN. LET ME REPEAT THAT. IT CUTS RATES FOR EVERY WORKING AMERICAN. NO MATTER WHAT YOUR TAX RATE IS TODAY, UNDER THIS BILL, IT'S GOING TO BE LOWER. IF YOU'RE AN INDIVIDUAL. IF YOU'RE A CORPORATION, IT'S GOING TO BE LOWER. IF YOU'RE ONE OF THESE PASS-THROUGHS, IT'S GOING TO BE LOWER. EVERY AMERICAN WHO IS PAYING TAXES TODAY IS GOING TO PAY LESS TAXES STARTING JANUARY 1, 2018. THAT'S A GOOD DEAL. THAT'S A GOOD DEAL. WE ARE CUTTING TAXES ACROSS THE BOARD FOR EVERY WORKING AMERICAN. WE REPEAL THE INDIVIDUAL MANDATE UNDER OBAMACARE. UNFORTUNATELY, IT DOESN'T KICK IN UNTIL 2019, BUT WE STILL REPEAL THAT. THIS IS A GOOD BILL. IT IS A HISTORIC BILL. IT IS A BILL THAT EVERYBODY IN THIS CHAMBER WILL BENEFIT FROM REGARDLESS OF WHETHER YOU VOTE FOR IT OR VOTE AGAINST IT. SO WHEN THE TIME COMES THIS AFTERNOON TO VOTE YES OR NO, I'M VOTING YES FOR AMERICA. I'M VOTING YES FOR AMERICA'S FUTURE. I'M VOTING YES FOR EVERY WORKING AMERICAN WHO'S PAYING TAXES TODAY. LET'S PUT MORE MONEY BACK IN THEIR POCKETS. LET'S DOUBLE THE RATE OF GROWTH FOR THE ECONOMY. LET'S PUT MORE AMERICANS AT WORK. LET'S SHOW SOME FAITH IN THE AMERICAN PEOPLE. VOTE YES. WITH THAT I'D YIELD BACK.

      Show Full Text
    • 11:15:37 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM NEW YORK. .

    • 11:15:50 AM

      MS. SLAUGHTER

      I YIELD TWO MINUTES TO THE GENTLEWOMAN FROM CONNECTICUT, MS. DELAURO.

    • 11:15:53 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM CONNECTICUT IS RECOGNIZED FOR TWO MINUTES.

    • 11:15:56 AM

      MS. DELAURO

      MR. SPEAKER, THE BIGGEST ECONOMIC CHALLENGE OF OUR TIME IS THAT TOO MANY…

      MR. SPEAKER, THE BIGGEST ECONOMIC CHALLENGE OF OUR TIME IS THAT TOO MANY PEOPLE ARE IN JOBS THAT DO NOT PAY THEM

      Show Full Text
    • 11:16:03 AM

      MS. SLAUGHTER

      I YIELD TWO ENOUGH TO LIVE ON. WAGES ARE NOT KEEPING UP WITH RISING COSTS.…

      I YIELD TWO ENOUGH TO LIVE ON. WAGES ARE NOT KEEPING UP WITH RISING COSTS. TOO MANY FAMILIES STRUGGLE TODAY TO MAKE ENDS MEET. SOME HAVE TWO OR THREE JOBS. THEY CAN'T AFFORD HEALTH CARE. THEY CAN'T AFFORD -- SOME CAN'T AFFORD TO PUT FOOD ON THE TABLE. THEY DON'T TAKE VACATIONS. THEIR RETIREMENT IS IN JEOPARDY. BUT IT'S THE BIG CORPORATIONS, THE MILLIONAIRES AND BILLIONAIRES, THEY ARE WRITING THE RULES TO MAKE GOVERNMENT WORK FOR THEM. AND IT'S THE REPUBLICANS WHO ARE THEIR COMRADES IN ARMS WHO ARE RIGGING THE GAME AGAINST THE MIDDLE CLASS. SENATOR ORRIN HATCH, WHO WROTE THIS BILL, SAID, AND I QUOTE, I HAVE A ROUGH TIME WANTING TO SPEND BILLION AND BILLION AND TRILLIONS OF DOLLARS TO HELP PEOPLE WHO WON'T HELP THEMSELVES. WON'T LIFT A FINGER. AND EXPECT THE FEDERAL GOVERNMENT TO DO EVERYTHING. THIS IS THE UGLY TRUTH OF THIS REPUBLICAN TAX BILL. I SAY TO SENATOR HATCH, THE FEDERAL GOVERNMENT HAS TAKEN GOOD CARE OF YOU. IT'S ABOUT THE GREAT PEOPLE OF THIS NATION THAT WE'RE NOT TAKING CARE OF. THAT'S WHAT THIS VOTE IS ABOUT. THIS IS WHERE THEIR VALUES ARE. THEY ARE ON DISPLAY. THE FINAL BILL IS EVEN WORSE THAN WE FEARED. IT LOWERS THE TAX RATES FOR THE WEALTHIEST PEOPLE EVEN MORE. IT REPEALS A KEY ELEMENT OF THE AFFORDABLE CARE ACT. KICKING 13 MILLION PEOPLE OFF THEIR INSURANCE, RAISING PREMIUMS BY 10%. DON'T LET THEM FOOL YOU ON THE CHIDE TAX CREDIT. IT IS A SHAMEFUL PROPOSAL. IT SHUTS OUT MILITARY FAMILIES, RURAL FAMILIES, LARGE FAMILIES, MINIMUM WAGE WORKERS, THOSE WITH THE YOUNGEST CHILDREN. IF YOU MAKE $400,000 A YEAR, YOU GET A $4,000 CHILD TAX CREDIT. IF YOU MAKE $14,500 A YEAR, YOU GET $75. WHO ARE THEY FOOLING WITH THIS BILL? AND YOU KNOW WHAT? MY COLLEAGUE JUST A MINUTE AGO SAID, THOSE IN THIS CHAMBER WILL BENEFIT. YOU BET. WE'RE ELIGIBLE FOR THE CHILD TAX CREDIT, BUT LOW-INCOME FAMILIES ARE NOT. THIS BILL FAILS THE MIDDLE CLASS. IT BENEFITS THE RICHEST 1%.

      Show Full Text
    • 11:18:14 AM

      THE SPEAKER PRO TEMPORE

      THE RICHEST 1%.

    • 11:18:15 AM

      GENTLEL

      I YIELD BACK.

    • 11:18:17 AM

      MS. DELAURO

      I YIELD BACK.

    • 11:18:18 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM TEXAS.

    • 11:18:20 AM

      MR. SESSIONS

      THANK YOU VERY MUCH. MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE…

      THANK YOU VERY MUCH. MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED GENTLEMAN FROM LAWRENCEVILLE, GEORGIA, THE RULES COMMITTEE DESIGNEE TO THE BUDGET COMMITTEE AND THE GENTLEMAN WHO SITS WITH ESTEEM ON THE RULES COMMITTEE, THE GENTLEMAN, CONGRESSMAN ROB WOODALL.

      Show Full Text
    • 11:18:34 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM GEORGIA IS RECOGNIZED FOR THREE MINUTES.

    • 11:18:37 AM

      MR. WOODALL

      THANK YOU VERY MUCH, MR. SPEAKER. I THANK MY CHAIRMAN FOR YIELDING ME THE…

      THANK YOU VERY MUCH, MR. SPEAKER. I THANK MY CHAIRMAN FOR YIELDING ME THE TIME. WE'RE IN THE RULES COMMITTEE LAST NIGHT, MR. SPEAKER, AND WE WERE HAVING THE SAME KIND OF CONVERSATION. WE'RE GOING THROUGH THE LIST ONE BY ONE BY ONE OF ALL THE FAMILIES AND HOW FOLKS WERE GOING TO BENEFIT ABOUT THE CHILDREN AND GRADUATE STUDENTS, FOLKS FACING MEDICAL CHALLENGES. WE WENT THROUGH ONE BY ONE BY ONE AND TALKED ABOUT ALL THE FOLKS WHO WILL BENEFIT FROM THIS TAX CUT. IT WAS POWERFUL. BUT I WAS REMINDED, MR. SPEAKER, THAT WHEN WE STARTED THIS CONVERSATION IT WASN'T EVEN A TAX CUT CONVERSATION. IT WAS AN ECONOMIC GROWTH CONVERSATION, MR. SPEAKER. IT WAS AN ECONOMIC GROWTH CONVERSATION. WHERE WE HAVE ENDED UP IS THERE ARE GOING TO BE TAX BENEFITS FOR EVERY SINGLE WORKING FAMILY IN THE COUNTRY. BUT WHERE WE STARTED WAS HOW DO WE GET THOSE WAGES FOR WORKING FAMILIES UP? HOW DO WE GET JOB CREATION UP? HOW DO WE GET AMERICA GROWING NOT AT THIS STAGNANT RATE OF THE OBAMA YEARS BUT POWERFUL RATES AS WE SAW IN THE BUSH YEARS, CLINTON YEARS, AS WE SAW IN THE REAGAN YEARS. THAT WAS THE CONVERSATION. MR. SPEAKER, IF WE HAD HISTORICALLY NORMAL ECONOMIC GROWTH, NOT FANTASTIC ECONOMIC GROWTH, HISTORICALLY NORMAL ECONOMIC GROWTH WE WOULD HAVE A BALANCED BUDGET IN THIS COUNTRY TODAY. THERE IS AN ECONOMIC CONSEQUENCE OF ECONOMIC FAILURE. WHAT WE HAVE DONE IN THIS BILL, MR. SPEAKER, BY ALLOWING BUSINESSES TO EXPENSE THEIR INVESTMENT, ALLOWS THEM TO MAKE THEIR EMPLOYEES MORE PRODUCTIVE ON DAY ONE. THAT IS GOING TO HAVE A POWERFUL IMPACT, NOT JUST ON EMPLOYEE WAGES, MR. SPEAKER, BUT ON ECONOMIC GROWTH ACROSS THE ENTIRE COUNTRY. THIS BILL IS NOT ABOUT SHOULD WE PAY TAXES, WE MUST. THIS BILL IS ABOUT HOW WE PAY TAXES. CAN WE DO IT BETTER? DOES AMERICA NEED TO BE THE WORST IN THE WORLD OR CAN WE BE FIRST IN THE WORLD? WE'RE ANSWERING THAT QUESTION TODAY. WE'RE ANSWERING THAT QUESTION TODAY AND WITH EVERY SINGLE VOTE A MEMBER IN THIS CHAMBER CASTS IT'S NOT ABOUT EVERYTHING IN THIS BILL EXACTLY THE WAY YOU WOULD HAVE CRAFTED. I ASSURE YOU, MR. SPEAKER, IT IS NOT. THE QUESTION IS, DOES THIS BILL MOVE US IN A DIRECTION OF COMPETITIVENESS ACROSS THE GLOBE? IT DOES. THE QUESTION IS DOES THIS BILL FOCUS ON WAGES AND GROWING THOSE WAGES? IT DOES. THE QUESTION IS IN THIS OPPORTUNITY THAT WE HAVE DID WE TAKE IT OR DID WE WASTE IT? WE HAVEN'T ANSWERED THAT QUESTION YET, MR. SPEAKER, BUT I BELIEVE LATE ON TODAY WE WILL. WE'LL ANSWER IN THE AFFIRMATIVE. GIVE US A CHANCE. SHOULD IT HAVE TAKEN US 31 YEARS TO GET TO THIS PLACE? IT SHOULD NOT. CAN WE MAKE DANCHESE TOGETHER TODAY FOR THE CON-- MAKE A DIFFERENCE TOGETHER FOR THE COUNTRY TODAY? YES, WE CAN. IT WILL BE A POWERFUL DIFFERENCE. IT WILL BE ONE OF THE PROUDEST VOTES I HAVE HAD THE OPPORTUNITY TO TAKE. MR. CHAIRMAN, THANK YOU FOR YOUR LEADERSHIP ON THIS. MR. SPEAKER, THANK YOU FOR YOUR LEADERSHIP ON THIS. WITH THAT I YIELD BACK THE BALANCE OF MY TIME.

      Show Full Text
    • 11:21:40 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY FROM NEW YORK.

    • 11:21:42 AM

      MS. SLAUGHTER

      LET ME YIELD MYSELF 30 SECONDS.

    • 11:21:43 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY IS RECOGNIZED.

    • 11:21:45 AM

      MS. SLAUGHTER

      THIS HAS BEEN THE MOST AWFUL PROCESS. THE DEMOCRATS WEREN'T INVOLVED IN…

      THIS HAS BEEN THE MOST AWFUL PROCESS. THE DEMOCRATS WEREN'T INVOLVED IN ANY OF IT, FOR HENCH'S SAKE. ALMOST DIDN'T GET TO SEE A COPY OF WHAT THEY HAD. I THINK THE DEBATE WE HAVE HAD HERE TODAY MUST BE SIMILAR TO THE ONE WE HAD IN THE REAGAN ADMINISTRATION. DAVID STOCKMAN, WHO TALKED RONALD REAGAN INTO TRICKLE-DOWN, HE SAYS TODAY IT DIDN'T WORK. IT DEW POINT WORK THEN. IT DEW POINT WORK FOR PRESIDENT BUSH. IT DIDN'T WORK FOR THE GOVERNOR FROM KANSAS. VERY RECENTLY, THAT DIDN'T WRK -- WORK. IT ISN'T GOING TO WORK THIS TIME. I AM APALLED -- APPALLED WE'RE DOING THIS. THIS IS THE WORST PROCESS WE HAVE EVER BEEN THROUGH. WE OPERATE ON THOMPSON JEFFERSON'S MANUAL IN THE RULES COMMITTEE. WE THOMAS EVERYSON'S MANUAL IN THE RULES COMMITTEE. WE DEW POINT. IF WE DE -- WE DIDN'T. IF WE DEFEAT THE PREVIOUS QUESTION, I WILL OFFER AN AMENDMENT THAT PROHIBIT WILL I LEGISLATION FROM BEING CONSIDERED ON THE FLOOR THAT LIMITS OR REPEALS THE STATE AND LOCAL TAX DEDUCTIONS OR REPEALS THE A.C.A.'S INDIVIDUAL MANDATE. MR. SPEAKER, I ASK UNANIMOUS CONSENT TO INSERT THE TEXT OF MY AMENDMENT IN THE RECORD ALONG WITH EXTRANEOUS MATERIAL IMMEDIATELY PRIOR TO THE VOTE ON THE PREVIOUS QUESTION.

      Show Full Text
    • 11:23:11 AM

      THE SPEAKER PRO TEMPORE

      WITHOUT OBJECTION.

    • 11:23:13 AM

      MS. SLAUGHTER

      OBJECTION.

    • 11:23:18 AM

      THE SPEAKER PRO TEMPORE

      AFFAIRS, MR. ENGEL. THE SPEAKER PRO TEMPORE: THE GENTLEMAN FROM NEW YORK…

      AFFAIRS, MR. ENGEL. THE SPEAKER PRO TEMPORE: THE GENTLEMAN FROM NEW YORK IS RECOGNIZED FOR ONE MINUTE.

      Show Full Text
    • 11:23:27 AM

      MR. ENGEL

      I THANK MY FRIEND FROM NEW YORK. I HAVE BEEN HERE A LONG TIME NOW. I HAVE…

      I THANK MY FRIEND FROM NEW YORK. I HAVE BEEN HERE A LONG TIME NOW. I HAVE TO SAY THIS IS ONE OF THE WORST PIECES OF LEGISLATION I HAVE EVER THE GENTLEMAN FROM NEW YORK IS RECOGNIZED SEEN. ONE OF THE WORST PROCESSES I HAVE EVER SEEN. WHEN YOU WERE A KID AND WENT TO HIGH SCHOOL AND COLLEGE, AND YOU LEARNED HOW A BILL BECOMES A LAW, TAKE THAT AND THROW IT OUT BECAUSE THE REPUBLICAN LEADERSHIP HERE DOESN'T WANT TO WORK WITH DEMOCRATS. THE REASON THERE ARE NO DEMOCRATS WORKING WITH YOU IS YOU SHUT US OUT. YOU WON'T LET US HAVE ANY INPUT. YOU WON'T DO ANYTHING WITH US. THIS IS NOT THE WAY TO GOVERN. ABSOLUTELY NOT. SOMEONE NEAR AND DEAR TO ME ONCE SAID, THE REPUBLICAN PARTY IS THE PARTY OF THE RICH PERSON. AND THE DEMOCRATIC PARTY IS THE PARTY OF THE WORKING PERSON. IF THAT WAS EVER TRUE, IT CERTAINLY IS TRUE TODAY. RICH PEOPLE DO REALLY, REALLY WELL. MIDDLE CLASS AND POOR PEOPLE DON'T DO WELL AT ALL. IN FACT, THE CORPORATE TAX BREAKS LAST FOR YEARS AND YEARS AND YEARS. AND THE OTHER TAX BREAKS FOR THE MIDDLE CLASS EXPIRE IN FIVE YEARS. THIS HELPS THE RICH, IT HURTS THE POOR, HELPS THE MIDDLE CLASS. EVEN RONALD REAGAN TRIED TO BE BIPARTISAN AND HAVE DEMOCRATS WORK WITH HIM. WHAT EVER HAPPENED TO MY FRIENDS ON O THE -- ON THE POOR, HELPS THE MIDDLE CLASS. EVEN RONALD REAGAN REPUBLICAN SIDE WHO LECH SURE ABOUT FISCAL RESPONSIBILITY? THIS BLOWS A HOLE IN THE BUDGET. IT'S IRRESPONSIBLE. MY STATE OF NEW YORK WHICH IS A DONOR STATE IS GETTING SCREWED.

      Show Full Text
    • 11:24:42 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN IS NO LONGER RECOGNIZED.…

      THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN IS NO LONGER RECOGNIZED. THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS WITH 4-S /4 MINUTES.

      Show Full Text
    • 11:24:50 AM

      MR. SESSION

      THANK YOU VERY MUCH. I WOULD LIKE TO ADVISE THE GENTLEWOMAN WE'RE THROUGH…

      THANK YOU VERY MUCH. I WOULD LIKE TO ADVISE THE GENTLEWOMAN WE'RE THROUGH WITH OUR SPEAKERS THAT I WILL BE CLOSING FOR US. I ALLOW HER TO CONSUME HER TIME.

      Show Full Text
    • 11:24:59 AM

      MS. SLAUGHTER

      THANK YOU, MR. SPEAKER. I HAVE ONE MORE SPEAKER.

    • 11:25:03 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN RESERVES HIS TIME. THE GENTLELADY FROM NEW YORK.

    • 11:25:06 AM

      MS. SLAUGHTER

      I'M PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM RHODE ISLAND, MR.…

      I'M PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM RHODE ISLAND, MR. CICILLINE.

      Show Full Text
    • 11:25:14 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN FROM RHODE ISLAND IS RECOGNIZED FOR ONE MINUTE.

    • 11:25:16 AM

      MR.CIES WLEENY

      THANK YOU --

    • 11:25:17 AM

      MR. CICILLINE

      THANK YOU, MR. SPEAKER. I THANK THE GENTLELADY. I RISE IN STRONG HOPE THAT…

      THANK YOU, MR. SPEAKER. I THANK THE GENTLELADY. I RISE IN STRONG HOPE THAT MY COLLEAGUES ON THE OTHER SIDE OF THE AISLE WILL DEFEAT THIS JOB KILLING BILL THAT WILL EXPLODE THE DEFICIT AND HURT WORKING PEOPLE. IT'S IMPORTANT TO NOTE 83% OF THE BENEFITS OF THE CUTS OF THIS BILL GO TO THE TOP 1%. 86 MILLION HARDWORKING MIDDLE CLASS FAMILIES WILL ACTUALLY SEE A TAX INCREASE. OF COURSE WE NEED TO REFORM OUR TAX CODE, BUT WE NEED TO DO IT IN A WAY THAT RAISES WAGES, PRODUCES GOOD-PAYING JOBS, AND MAKE SURE PEOPLE HAVE A BRIGHT IRFUTURE. THIS DOES THE -- BRIGHTER FUTURE THIS. DOES THE OPPOSITE T RANSACKS MEDICARE AND MEDICAID. IT'S VERY, VERY IMPORTANT TO RECOGNIZE IT'S NOT GOING TO CREATE JOBS. THIS IS TRICKLE-DOWN ECONOMICS. LET EVERYONE AT THE TOP HOLD ON TO ALL THEIR MONEY. AND IT WILL TRICKLE DOWN TO THE REST OF US. IT DOESN'T WORK. THIS IS A FAILED ECONOMIC POLICY. THIS DOES NOT SUPPORT STRENGTHENING THE MIDDLE CLASS. WE NEED TO DEFEAT THIS BILL AND REFORM OUR TAX CODE IN A WAY THAT WILL PROMOTE JOB GROWTH, RAISE WAGES, ENSURE WORKING FAMILIES CAN GET AHEAD. THERE ARE MILLIONS OF AMERICANS WHO WILL GO TO BED WORRYING ABOUT HOW THEY ARE GOING TO TAKE CARE OF THEIR FAMILY, MAKE ENDS MEET. THIS BILL WILL MAKE THAT PROBLEM WORSE. I URGE MY COLLEAGUES TO DEFEAT IT.

      Show Full Text
    • 11:26:31 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLELADY FROM NEW…

      THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLELADY FROM NEW YORK.

      Show Full Text
    • 11:26:34 AM

      MS. SLAUGHTER

      MR. SPEAKER, THE MEMBERS OF THE MAJORITY HAVE LINED UP TODAY TO TELL THE…

      MR. SPEAKER, THE MEMBERS OF THE MAJORITY HAVE LINED UP TODAY TO TELL THE AMERICAN HOW GREAT THIS BILL IS. IF THAT'S TRUE, WHY WERE THEY AFRAID OF HOLDING A SINGLE HEARING OR LISTENING TO A SINGLE OUTSIDE EXPERT? IN 1986 TAX BILL HAD OVER 30 HEARINGS AND 430 WITNESSES. AND TOOK WELL OVER A YEAR. THIS ONE ABOUT THREE MONTHS. WRITTEN APPARENTLY BY LOBBYISTS. THERE WASN'T A SINGLE HEARING HELD ON THE TEXT OF THIS BILL. NOT ONE. IT WAS JAMMED THROUGH WAYS AND MEANS COMMITTEE WHERE OUR AMENDMENTS, DEMOCRATS, WERE BLOCKED. DEMOCRAT MEMBERS HAD UNDER AN HOUR TO REVIEW THE FINAL TEXT BEFORE VOTING. IT WAS RUSHED TO THE RULES COMMITTEE A DAY EARLIER THAN ANNOUNCED WITH ONLY FOUR HOURS' NOTICE SO NOBODY HAD A CHANCE TO READ. AND THE MAJORITY THERE BLOCKED 140 BIPARTISAN AMENDMENTS. THIS HAS BEEN A SECRETIVE PROCESS ON BOTH SIDES OF THE CAPITOL. SENATORS RECEIVED THE TEXT OF THE FINAL BILL ALSO WITHIN AN HOUR OF THE VOTE. THE NEARLY 500-PAGE BILL IN THE SENATE WAS RIDDLED WITH ERRORS, LAST-MINUTE EDITS, AND ILLEGIBLE HANDWRITTEN CHANGES IN THE MARGINS. THERE WAS A SINGLE MEETING OF THE CONFERENCE COMMITTEE BETWEEN HOUSE AND SENATE. MEMBERS THERE WERE PROHIBIT INTERESTED OFFERING AMENDMENTS OR EVEN SEEING THE NEGOTIATED TEXT. IMAGINE THAT. COULDN'T EVEN SEE WHAT THEY ARE SUPPOSED TO VOTE ON. SENATORS AND REPRESENTATIVES SAT AROUND A TABLE FOR SHOW WHILE THE PRESS REPORTED THAT THE DEAL, EVEN BEFORE THE MEETING HAD STARTED, HAD ALREADY BEEN REACHED. THE DEMOCRATS HAD NO SAY AT ALL. HOUSE WAYS AND MEANS CHAIRMAN KEVIN BRADY SAYS HE'S PROUD OF THE PROCESS. BUT IT WILL TAKE A SEPARATE BILL TO CORRECT SOME OF THE ERRORS HERE. THERE IS NO REASON TO BELIEVE WOULD HE INCLUDE DEMOCRATS IN THAT PROCESS, EITHER. IT WOULD BE ANOTHER PARTISAN EFFORT. LET ME REMIND EVERYONE WATCHING THAT WE USED EMERGENCY PROCEDURES TO MEET THIS BILL. IN THIS CONGRESS DISASTER RELIEF IS NOT AN EMERGENCY. ISN'T THAT AMAZING? FUNDING CHIP AND COMMUNITY HEALTH CENTERS IS NOT AN EMERGENCY. DISASTER FUND SOMETHING NOT AN EMERGENCY. RUSHING THESE TAX CUTS TO THE WEALTHIEST AMONG US IS AN EMERGENCY. THIS BILL, WHICH HAS NO DEADLINE, IS THEIR TOP PRIORITY, WHILE REAL EMERGENCIES ARE BEING IGNORED AND IT IS SHAMEFUL. I URGE A NO VOTE ON THE PREVIOUS QUESTION, ON THE RULE, AND THE BILL. AND I YIELD BACK THE BALANCE OF MY TIME.

      Show Full Text
    • 11:29:08 AM

      THE SPEAKER PRO TEMPORE

      THE GENTLELADY YIELDS BACK HER TIME. THE GENTLEMAN FROM TEXAS WITH 4-S 3/4…

      THE GENTLELADY YIELDS BACK HER TIME. THE GENTLEMAN FROM TEXAS WITH 4-S 3/4 MINUTES REMAINING.

      Show Full Text
    • 11:29:13 AM

      MR. SESSIONS

      THANK YOU VERY MUCH. MR. SPEAKER, I WANT TO THANK THE GENTLEWOMAN FROM NEW…

      THANK YOU VERY MUCH. MR. SPEAKER, I WANT TO THANK THE GENTLEWOMAN FROM NEW YORK, THE GENTLEWOMAN, THE RANKING MEMBER OF THE RULES COMMITTEE, AND REALLY EACH OF THE MEMBERS OF THE RULES COMMITTEE FOR THEIR DILIGENCE IN WORKING YESTERDAY FOR A LONG PERIOD OF TIME AS THE RULES COMMITTEE MET LAST NIGHT NOT ONLY TO CONSIDER THIS, BUT TO OFFER FULL AND OPEN FOR THEIR DILIGENCE IN WORKING YESTERDAY DEBATE. AN OPPORTUNITY FOR THE GENTLEMAN, MR. NEAL, FROM MASSACHUSETTS, TO COME AND SPEAK. REPRESENTATIVE OF THE DEMOCRATIC PARTY, THE GENTLEMAN FROM ILLINOIS, MR. ROSKAM, TO COME AND REPRESENT THE WAYS AND MEANS COMMITTEE. ANTI-DISTINGUISHED GENTLEMAN FROM THE WOODLANDS, KEVIN BRADY. THE CHAIRMAN -- AND THE DISTINGUISHED GENTLEMAN FROM THE WOODLAND, KEVIN BRADY. THE CHAIRMAN OF THE COMMITTEE DEBATE. AN TO ARTICULATE NOT ONLY THE IDEAS BEHIND THE BILL BUT WHAT WE'RE GOING TO DO. MR. SPEAKER, IT IS TRUE, IT IS TRUE THAT WHAT WE'RE DOING IS TAKING WHAT WAS DONE BY PRESIDENT OBAMA AND A DEMOCRATIC MAJORITY IN THE HOUSE AND SENATE THAT RAISED TAXES TO TRILLION DOLLARS. THAT IN 2008-, 2009, 2010, AND 2011 REALLY RAIDED THE AMERICAN PEOPLE BY RAISING TAXES ON THEM, BY CAUSING AN ECONOMIC DOWN TURN, A G.D.P. RATE OF 1.2%. . IT IS TRUE THAT WE PROMISED THIS LAST ELECTION THROUGH THE ELECTION OF DONALD TRUMP TO MAKE AMERICA GREAT AGAIN. PART OF MAKING AMERICA GREAT AGAIN MEANS MAKING AMERICANS GREAT AGAIN ALSO. MAKING AMERICANS NOT ONLY PROUD OF THEIR COUNTRY BUT GIVING THEM AN ECONOMIC OPPORTUNITY, AND THAT IS WHAT THE REPUBLICAN PARTY IS DOING HERE. WE HAVE HEARD NOT ONLY FROM MIKE KELLY, CONGRESSMAN KELLY WHO SPOKE ABOUT MAKING AMERICA BETTER, MAKING THE FREE ENTERPRISE SYSTEM BETTER. WE HEARD FROM CONGRESSMAN WOODALL HOW BEING IN 24TH PLACE WHICH IS WHAT AMERICA IS, 24TH IN THE WORLD IN DOING BUSINESS AND FRIENDLY ENVIRONMENT. WE CANNOT SURVIVE IN 24TH PLACE, 24TH PLACE BY KEEPING THE CURRENT TAX CODE WE HAVE, WHERE OVER AND OVER AND OVER WE SEE NOT ONLY COMPANIES MOVE TO OTHER LOCATIONS WITHIN THE UNITED STATES OF AMERICA, MOVING OFF-SHORE, STRANDING DOLLARS. JOBS GOING WITH THAT. WHAT WE'RE ATTEMPTING TO DO IN THIS BILL IS MAKE AMERICA NUMBER ONE, MAKING AMERICA AND THE AMERICAN WORKER NUMBER ONE AGAIN. WE'RE GOING TO MAKE THE BIG DEAL, THE BIG DEAL FOR PEOPLE WHEREVER YOU LIVE IN THE UNITED STATES. WE'RE GOING TO OFFER AN OPPORTUNITY FOR YOU TO NOT ONLY BE TAXED LESS BUT THAT BUSINESS THAT IS IN YOUR CITY, YOUR STATE THAT PROUDLY THEY REPRESENT THEIR HOMETOWN, THEY WILL HAVE AN OPPORTUNITY TO NOW BE COMPETITIVE. FORGET THIS, OH, REPUBLICANS WANT TO MOVE JOBS OFF-SHORE. THAT IS WHAT WE ARE SICK AND TIRED OF HEARING. WE'RE SICK AND TIRED OF HEARING THAT JOBS AND INVESTMENT GO OVERSEAS. THEY'RE COMING BACK TO AMERICA BECAUSE THIS PLACE AS AMERICANS INSTEAD OF BEING AT THE BOTTOM OF THE RUNG IN TERMS OF TAXES -- WRUNG IN TERMS OF TAXES WE ARE GOING TO BE COMPETITIVE, WHERE THE AMERICAN WORKER WILL GET A CHANCE TO STAMP "MADE IN AMERICA" ON THOSE ITEMS THEY WANT. "MADE IN MY HOMETOWN," PRIDE OF AUTHORSHIP OF KNOWING NOT JUST IS MY COUNTRY GOING TO GET BETTER BUT MY COMMUNITY AND MYSELF WILL BE BETTER. IT IS ABOUT FINANCIAL RESPONSIBILITY BUT IT'S ALSO ABOUT THE INTEGRITY OF THE FREE ENTERPRISE SYSTEM. THE FREE ENTERPRISE SYSTEM IS THE GREATEST ECONOMIC SYSTEM IN THE HISTORY OF THE WORLD. IT WILL CONTINUE TO PRODUCE GREAT AND BETTER THINGS FOR SO MANY PEOPLE, BUT, MR. SPEAKER, THE DEMOCRATIC PARTY TRIED TO KILL THE FREE ENTERPRISE SYSTEM WHEN THEY CAME AFTER THE FREE ENTERPRISE SYSTEM. WE KNEW IT AND WE SAW IT AND THE WORLD SAW IT TOO. 1.2% G.D.P. GROWTH AS OPPOSED TO NOW WITH A NEW VIEWPOINT ABOUT MAKING AMERICA GREAT, WE HAVE NOT ONLY DOUBLED G.D.P. BUT WE HAVE ADDED NET ONE MILLION JOBS. AND IF THE SUMMER HAD NOT PRODUCED THE STORMS IT HAD, NO TELLING WHAT OUR JOB GROWTH WOULD BE. THIS IS WHAT LIES AHEAD, AND THIS IS WHAT THIS REPUBLICAN BILL DOES. SO FOR THAT REASON I URGE MY COLLEAGUES TO SUPPORT THIS RULE AND THE UNDERLYING BILL ON THIS CONFERENCE REPORT. I YIELD BACK THE BALANCE OF MY TIME AND I MOVE THE PREVIOUS QUESTION ON THE RESOLUTION.

      Show Full Text
    • 11:34:17 AM

      THE SPEAKER PRO TEMPORE

      THE QUESTION IS ON ORDERING THE PREVIOUS QUESTION ON THE RESOLUTION. THOSE…

      THE QUESTION IS ON ORDERING THE PREVIOUS QUESTION ON THE RESOLUTION. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, THE AYES HAVE IT. THE GENTLELADY FROM NEW YORK.

      Show Full Text
    • 11:34:28 AM

      MS. SLAUGHTER

      MR. SPEAKER, I REQUEST THE YEAS AND NAYS.

    • 11:34:30 AM

      THE SPEAKER PRO TEMPORE

      THE YEAS AND NAYS ARE REQUESTED. THOSE FAVORING A VOTE BY THE YEAS AND…

      THE YEAS AND NAYS ARE REQUESTED. THOSE FAVORING A VOTE BY THE YEAS AND NAYS WILL RISE. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. PURSUANT TO CLAUSE 8 OF RULE 20 , THIS 15-MINUTE VOTE ON ORDERING THE PREVIOUS QUESTION WILL BE FOLLOWED BY FIVE-MINUTE VOTES ON ADOPTING THE RESOLUTION IF ORDERED AND SUSPENDING THE RULES AND PASSING H.R. 4254. THIS IS A 15-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

      Show Full Text
    • 11:34:43 AM

      On ordering the previous question Roll Call 688 - Yea and Nay vote pending.

      • 11:57:58 AM

        THE SPEAKER PRO TEMPORE

        ON THIS VOTE THE YEAS ARE 233. THE NAYS ARE 187. THE PREVIOUS QUESTION IS…

        ON THIS VOTE THE YEAS ARE 233. THE NAYS ARE 187. THE PREVIOUS QUESTION IS ORDERED. THE QUESTION IS ON ADOPTION OF THE RESOLUTION. SO MANY AS ARE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT. THE GENTLELADY FROM NEW YORK.

        Show Full Text
  • 11:58:05 AM

    House Vote 688 - On Ordering the Previous Question

    Providing for consideration of the conference report to accompany the bill (H.R. 1) to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018; providing for consideration of the bill (H.R. 3312) to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision, and for other purposes; and for other purposes.

    Passed (233 - 187)
    Yea
    Nay

    Vote Details: Yea - 233
    Republican - 233

    Vote Details: Nay - 187
    Democratic - 187

    Vote Details: Not Voting - 11
    Republican - 5
    Democratic - 6

    • 11:58:08 AM

      On agreeing to the resolution Roll Call 689 - Recorded vote pending.

      • 11:58:13 AM

        MS. SLAUGHTER

        MR. SPEAKER, I ASK FOR A RECORDED VOTE.

      • 11:58:15 AM

        THE SPEAKER PRO TEMPORE

        A RECORDED VOTE IS REQUESTED. THOSE FAVORING A RECORDED VOTE WILL RISE. A…

        A RECORDED VOTE IS REQUESTED. THOSE FAVORING A RECORDED VOTE WILL RISE. A SUFFICIENT NUMBER HAVING ARISEN, A RECORDED VOTE IS ORDERED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. THIS IS A FIVE-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

        Show Full Text
      • 12:06:26 PM

        THE SPEAKER PRO TEMPORE

        ON THIS VOTE THE YEAS ARE 233. THE NAYS ARE 193. THE RESOLUTION IS…

        ON THIS VOTE THE YEAS ARE 233. THE NAYS ARE 193. THE RESOLUTION IS ADOPTED. WITHOUT OBJECTION, A MOTION TO RECONSIDER IS LAID ON THE TABLE. ARE THE UNFINISHED BUSINESS IS THE VOTE ON THE MOTION BY THE GENTLEMAN FROM CALIFORNIA, MR. KNIGHT, TO SUSPEND THE RULES AND PASS H.R. 4254 AS AMENDED ON WHICH THE YEAS AND NAYS ARE ORDERED. THE CLERK WILL REPORT THE TITLE OF THE BILL.

        Show Full Text
  • 12:06:34 PM

    House Vote 689 - On Agreeing to the Resolution

    Providing for consideration of the conference report to accompany the bill (H.R. 1) to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018; providing for consideration of the bill (H.R. 3312) to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision, and for other purposes; and for other purposes.

    Passed (233 - 193)
    Aye
    No

    Vote Details: Aye - 233
    Republican - 233

    Vote Details: No - 193
    Democratic - 190
    Republican - 3

    Vote Details: Not Voting - 5
    Republican - 2
    Democratic - 3

    • 12:06:36 PM

      Motion to reconsider laid on the table Agreed to without objection.

      • 12:06:45 PM

        THE CLERK

        UNION CALENDAR NUMBER 351. H.R. 4254, A BILL TO AMEND THE NATIONAL SCIENCE…

        UNION CALENDAR NUMBER 351. H.R. 4254, A BILL TO AMEND THE NATIONAL SCIENCE FOUNDATION AUTHORIZATION ACT OF 2002 TO STRENGTHEN THE AEROSPACE WORKFORCE PIPELINE BY THE PROMOTION OF ROBERT NOYCE TEACHER SCHOLARSHIP PROGRAM AND NATIONAL AERONAUTICS AND SPACE ADMINISTRATION INTERNSHIP AND FELLOWSHIP OPPORTUNITIES TO WOMEN, AND FOR OTHER PURPOSES.

        Show Full Text
    • 12:06:51 PM

      Considered as unfinished business. H.R. 4254 — "To amend the National Science Foundation Authorization Act of 2002 to strengthen the aerospace workforce pipeline by the promotion of Robert Noyce Teacher Scholarship Program and National Aeronautics and Space Administration internship and fellowship opportunities to women, and for other purposes."

      • 12:07:07 PM

        On motion to suspend the rules and pass the bill, as amended Roll Call 690 - 2/3 Yea and Nay vote pending.

        • 12:07:08 PM

          THE SPEAKER PRO TEMPORE

          THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS THE BILL, AS…

          THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS THE BILL, AS AMENDED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. THIS IS A FIVE-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

          Show Full Text
        • 12:14:30 PM

          THE SPEAKER PRO TEMPORE

          ON THIS VOTE THE YEAS ARE 409. THE NAYS ARE 17. 2/3 HAVING RESPONDED IN…

          ON THIS VOTE THE YEAS ARE 409. THE NAYS ARE 17. 2/3 HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED, THE BILL IS PASSED, AND WITHOUT OBJECTION, THE MOTION TO RECONSIDER IS LAID ON THE TABLE. THE HOUSE WILL BE IN ORDER. MEMBERS ARE ASKED TO CLEAR THE WELL. REMOVE AREA CONVERSATIONS FROM THE FLOOR. -- REMOVE YOUR CONVERSATIONS FROM THE FLOOR. FOR WHAT PURPOSE DOES THE GENTLELADY FROM VIRGINIA SEEK RECOGNITION?

          Show Full Text
    • 12:14:36 PM

      House Vote 690 - On Motion to Suspend the Rules and Pass, as Amended

      Women in Aerospace Education Act

      Passed (409 - 17)
      Yea

      Vote Details: Yea - 409
      Republican - 220
      Democratic - 189

      Vote Details: Nay - 17
      Republican - 16
      Democratic - 1

      Vote Details: Not Voting - 5
      Republican - 2
      Democratic - 3

      • 12:14:37 PM

        Motion to reconsider laid on the table Agreed to without objection.

      • 12:15:00 PM

        UNANIMOUS CONSENT

        Mrs. Comstock asked unanimous consent that the clerk be directed to make a change in the engrossment of H.R. 4375.

        • 12:15:24 PM

          >>

          MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT THE CLERK BE DIRECTED TO MAKE…

          MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT THE CLERK BE DIRECTED TO MAKE THE CHANGE IN THE ENGROSSMENT OF H.R. 4375, THAT I HAVE PLACED AT THE TABLE.

          Show Full Text
        • 12:15:35 PM

          THE SPEAKER PRO TEMPORE

          THE CLERK WILL REPORT THE MODIFICATION.

        • 12:15:38 PM

          THE CLERK

          AMENDMENT TITLE SO AS TREED, A BILL TO PROVIDE FOR A REPORT ON BROADENING…

          AMENDMENT TITLE SO AS TREED, A BILL TO PROVIDE FOR A REPORT ON BROADENING PARTICIPATION IN CERTAIN NATIONAL SCIENCE FOUNDATION RESEARCH AND EDUCATION PROGRAMS TO COLLECT DATA ON FEDERAL RESEARCH GRANTS TO SCIENCE AGENCIES AND FOR OTHER PURPOSES.

          Show Full Text
        • 12:15:53 PM

          THE SPEAKER PRO TEMPORE

          WITHOUT OBJECTION. MEMBERS OF THE HOUSE, PLEASE REMOVE YOUR CONVERSATIONS…

          WITHOUT OBJECTION. MEMBERS OF THE HOUSE, PLEASE REMOVE YOUR CONVERSATIONS FROM THE FLOOR. SO PROCEEDINGS IN THE HOUSE CAN RESUME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

          Show Full Text
        • 12:17:05 PM

          >>

          PURSUANT TO HOUSE RES. LIGSE 667, I CAUP -- RESOLUTION 667, I CALL UP THE…

          PURSUANT TO HOUSE RES. LIGSE 667, I CAUP -- RESOLUTION 667, I CALL UP THE CONFERENCE REPORT AND ASK FOR ITS IMMEDIATE CONSIDERATION.

          Show Full Text
        • 12:17:14 PM

          THE SPEAKER PRO TEMPORE

          THE CLERK WILL REPORT THE TITLE OF THE BILL.

        • 12:17:14 PM

          Mr. Brady (TX) brought up conference report H. Rept. 115-466 for consideration under the provisions of H. Res. 667.

          • 12:17:16 PM

            THE CLERK

            H.R. 1. AN ACT TO PROVIDE FOR RECONCILIATION PURSUANT TO TITLES 2 AND 5 OF…

            H.R. 1. AN ACT TO PROVIDE FOR RECONCILIATION PURSUANT TO TITLES 2 AND 5 OF THE CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2018.

            Show Full Text
          • 12:17:32 PM

            TEMPORE PURSUANT

            PURSUANT TO HOUSE RESOLUTION 667, THE CONFERENCE REPORT IS CONSIDERED…

            PURSUANT TO HOUSE RESOLUTION 667, THE CONFERENCE REPORT IS CONSIDERED READ. THE GENTLEMAN FROM TEXAS, MR. BRADY, AND THE GENTLEMAN FROM MASSACHUSETTS, MR. NEAL, EACH WILL CONTROL 30 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM TEXAS.

            Show Full Text
      • 12:17:47 PM

        DEBATE

        Pursuant to the provisions of H. Res. 667, the House proceeded with 1 hour of general debate on the conference report to accompany H.R. 1.

        • 12:17:57 PM

          MR. BRADY

          MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE…

          MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS WITHIN WHICH TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIALS ON THE BILL CURRENTLY UNDER CONSIDERATION.

          Show Full Text
        • 12:18:09 PM

          THE SPEAKER PRO TEMPORE

          WITHOUT OBJECTION.

        • 12:18:12 PM

          MR. BRADY

          WE'RE DELIVERING ON OUR TAX REFORM PROMISE TO THE AMERICAN PEOPLE. FOR THE…

          WE'RE DELIVERING ON OUR TAX REFORM PROMISE TO THE AMERICAN PEOPLE. FOR THE FIRST TIME IN OVER THREE DECADES, WE'RE DELIVERING A NEW TAX CODE THAT PROVIDES MORE JOBS, FAIRER TAXES AND BIGGER PAYCHECKS TO AMERICANS ACROSS THE COUNTRY. WITH THIS BILL, A MIDDLE INCOME FAMILY OF FOUR EARNING $73,000 A YEAR WILL SEE A TAX CUT OF OVER $2,000. OUR LOCAL JOB TRADERS WILL SEE THE LOWEST RATES IN MODERN HISTORY, SO THEY CAN INVEST MORE IN THEIR WORKERS AND IN THEIR FUTURE. AND OUR BUSINESSES WILL FINALLY HAVE A TAX CODE THAT HELPS THEM COMPETE AND WIN ANYWHERE IN THE WORLD. ESPECIALLY HERE AT HOME. THIS IS OUR MOMENT TO MAKE HISTORY. TO MAKE GOOD ON OUR PROMISE. AND TO MAKE TAX REFORM A REALITY FOR THE FIRST TIME IN 31 YEARS. THANK YOU. AND RESERVE THE BALANCE OF MY TIME.

          Show Full Text
        • 12:19:06 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN'S TIME IS RESERVED. THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:19:11 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. I YIELD MYSELF THREE MINUTES.

        • 12:19:13 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

        • 12:19:15 PM

          MR. NEAL

          MR. SPEAKER, WHAT YOU'RE ABOUT TO HEAR FROM OUR REPUBLICAN FRIENDS FOR THE…

          MR. SPEAKER, WHAT YOU'RE ABOUT TO HEAR FROM OUR REPUBLICAN FRIENDS FOR THE NEXT 30 MINUTES IS THE FOLLOWING. A MIXTURE OF THEOLOGY AND SCIENCE FICTION. AND THEN THEY'RE GOING TO TAKE YOU TO REVISIONIST HISTORY. THIS IS THE MOST REGRESSIVE PIECE OF TAX LEGISLATION THAT HAS COME FROM THE WAYS AND MEANS COMMITTEE IN THE 25 YEARS THAT I HAVE BEEN A MEMBER. THIS IS NOT ABOUT SIMPLIFICATION. WHEN YOU HAVE A CHANCE TO LOOK AT THE PHASE-INS AND THE PHASE-OUTS, YOU'LL BE PASSED OUT BY THE TIME THEY GET TO THE EXPIRATION DATES. THEY SAY IT'S ABOUT SIMPLICITY. IT WAS GOING TO BE ON A POSTCARD. YOU'RE GOING TO NEED TO CARRY A BILLBOARD AROUND WITH YOU TO UNDERSTAND WHAT'S IN THIS ACTUAL BILL. AND HERE'S THE BEST PART. WHEN SECRETARY MNUCHIN SAID, MR. SPEAKER, THAT UNDER NO CIRCUMSTANCES WOULD PEOPLE AT THE TOP GET TAX RELIEF. WELL, I GUESS IF YOU'RE FORMALLY IN THE 39.6% TAX BRACKET, WHICH IS LOWERED TO 37%, THAT THAT'S DRESSED UP AS NO TAX RELIEF FOR PEOPLE AT THE VERY TOP. BUT THEN AGAIN, TO HELP OUT WITH THEIR ARGUMENT, THEN THEY DOUBLE THE EXEMPTION ON THE ESTATE TAX. WHICH WILL GO FROM $11 MILLION TO $22 MILLION. THE PEOPLE AT THE BOTTOM IN THIS, THEY'RE GOING TO ARGUE EVERYBODY GETS A TAX CUT. WELL, HERE'S WHERE WE GO TO REVISED HISTORY. IN 2001 PRESIDENT BUSH SAID EVERYBODY GETS A TAX CUT. THE FEDERAL BUDGET OF $1.3 TRILLION INCLUDED A TAX CUT FOR EVERYBODY. THE PEOPLE AT THE BOTTOM GOT $100 AND THE PEOPLE AT THE TOP GOT HUNDREDS OF THOUSANDS OF DOLLARS. AND THIS IS A CREATIVE REPLAY OF EXACTLY WHAT HAPPENED. AND THEN IN 2003, THEY CAME BACK AND CUT TAXES AGAIN FOR PEOPLE AT THE VERY TOP. AND BLEW A HUGE HOLE IN THE FEDERAL DEFICIT. WHICH HAD BEEN ESTIMATED AT THE TIME, AFTER CLINTON LEFT ON JANUARY 19 OF 2001, TO PROJECT SURPLUSES OF $5.6 TRILLION OVER THE NEXT 10 YEARS. INSTEAD THE FEDERAL DEFICIT GOT TO $6.1 TRILLION. SO HERE'S THE SIMPLICITY OF THEIR PROPOSAL TODAY. THEY ARE BORROWING $2.3 TRILLION TO GIVE A TAX CUT TO PEOPLE AT THE VERY TOP OF AMERICAN SOCIETY. THAT IS NOT IN DISPUTE. IN ADDITION, THE BORROWING THE MONEY, RECALL THAT THE FEDERAL RESERVE BOARD SAYS THAT THEY'RE PROJECTING ALREADY THREE INCREASES NEXT YEAR IN INTEREST RATES. WE DON'T KNOW WHAT THIS IS GOING TO LOOK LIKE BY THE TIME THAT THEY GET DONE. BUT THIS TODAY IS MORE ABOUT IDEOLOGY THAN IT IS ABOUT PUBLIC POLICY. THINK OF IT THIS WAY AS WELL. THIS WAS DONE IN ONE MONTH. ONE SINGLE MONTH THE ENTIRE REVENUE SYSTEM OF THE UNITED STATES IS BEING TRANSFORMED. NOT ONE PUBLIC -- I YIELD MYSELF AN ADDITIONAL MINUTE, MR. SPEAKER.

          Show Full Text
        • 12:22:23 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN IS RECOGNIZED FOR AN ADDITIONAL ONE MINUTE.

        • 12:22:26 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. NOT ONE PUBLIC HEARING WAS HELD ON THIS DEAL. AND…

          THANK YOU, MR. SPEAKER. NOT ONE PUBLIC HEARING WAS HELD ON THIS DEAL. AND HAD THEY SAY TODAY, OH, WE HAD FIVE YEARS OF PUBLIC HEARINGS, WE DID NOT HAVE ONE HEARING ON THIS BILL. NOT ONE. NO WITNESS TESTIMONY WAS SOUGHT. NO COMMITTEE WAS CONVENED FOR THE PURPOSE OF A HEARING. AND THEN WE WENT TO CONFERENCE, WE WERE ALL GRANTED AN OPENING STATEMENT. AND WE GOT TO QUESTION THE NONPARTISAN DIRECTOR OF JOINT TAX. MR. SPEAKER, MORE THAN ANYTHING ELSE TODAY, THIS IS A MISSED OPPORTUNITY WHERE BOTH SIDES COULD HAVE ACCOMPLISHED SOMETHING GREAT FOR THE AMERICAN PEOPLE AND I RESERVE THE BALANCE OF MY TIME.

          Show Full Text
        • 12:22:59 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN'S TIME IS RESERVED. THE GENTLEMAN FROM TEXAS.

        • 12:23:02 PM

          MR. BRADY

          MR. SPEAKER, I'M PROUD TO YIELD TWO MINUTES TO THE GENTLEMAN FROM…

          MR. SPEAKER, I'M PROUD TO YIELD TWO MINUTES TO THE GENTLEMAN FROM CALIFORNIA,

          Show Full Text
        • 12:23:06 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR TWO MINUTES.

        • 12:23:08 PM

          MR. NUNES

          MR. SPEAKER, I STOOD HERE SEVERAL WEEKS AGO TO SPEAK IN SUPPORT OF THE…

          MR. SPEAKER, I STOOD HERE SEVERAL WEEKS AGO TO SPEAK IN SUPPORT OF THE ORIGINAL HOUSE-PASSED TAX REFORM BILL. SINCE THEN, AS A MEMBER OF THE CONFERENCE COMMITTEE, I HAVE PARTICIPATED IN THE PROCESS OF STRENGTHENING THIS BILL AND MAKING IT EVEN MORE TRANSFORMATIVE. THAT IS WHY I CONTINUE TO STAND IN STRONG SUPPORT OF THE BILL AND CONFERENCE REPORT WE WILL BE VOTING ON TODAY. WASHINGTON SPECIAL INTERESTS HAVE DISTORTED BUSINESS DECISIONS FOR TOO LONG. AND WE CAN NOT AFFORD TO WAIT ANY LONGER TO REFORM OUR BROKEN TAX CODE. SHOULD WE FAIL TO ACT NOW, BUSINESSES WILL CONTINUE TO LEAVE THE UNITED STATES FOR TAX PURPOSES. TAKING THOUSANDS OF GOOD-PAYING JOBS, AMERICAN JOBS, WITH THEM. OUR SMALL BUSINESSES WILL CONTINUE TO SUFFER THE DAMAGING EFFECTS OF A BEWILDERING AND PUNITIVE TAX CODE THAT GIVES UNFAIR ADVANTAGES TO THEIR LARGER, WELL-CONNECTED COMPETITORS. BUT ALL THIS WILL CHANGE IF WE PASS THIS BILL. FOR YEARS I HAVE ADVOCATED FOR FULL AND IMMEDIATE EXPENSING, WHICH WILL ALLOW BUSINESSES OF ALL SIZES TO WRITE OFF COSTS IMMEDIATELY. THIS BILL WILL PROVIDE FULL EXPENSING, WHICH IS ONE OF THE MANY PRO-GROWTH PIECES TO THIS LEGISLATION. I AM CONFIDENT MY COLLEAGUES WILL SOON SEE THE TREMENDOUS EFFECT OF FULL EXPENSING AND MAKE THE IMPORTANT DECISION TO EXTEND IT BEFORE IT EXPIRES. MR. SPEAKER, I STAND HERE WITH MY COLLEAGUES ON A HISTORIC DAY IN SUPPORT OF ONE OF THE MOST DRAMATIC REFORM BILLS TO COME BEFORE THIS BODY SINCE I CAME TO CONGRESS. THE TAX CUTS AND JOBS ACT SIMPLIFIES THE CODE, GROWS THE ECONOMY AND ALLOWS FOR STRONG BUSINESS INVESTMENT. I HAVE SAID BEFORE THAT I WILL NOT ACCEPT THE STATUS QUO OF OUR BROKEN TAX CODE. OR A MINIMAL REFORM THAT MERELY ADJUSTS RATES. INSTEAD WE MUST TRANSFORM THE CODE INTO A SYSTEM THAT IS SIMPLER AND FAIRER AND THAT ENCOURAGES ECONOMIC GROWTH INSTEAD OF SUPPRESSING IT. THAT IS WHAT THIS BILL DOES AND THAT IS WHY I STRONGLY SUPPORT ITS PASSAGE. I YIELD BACK.

          Show Full Text
        • 12:25:00 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:25:02 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM…

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM MICHIGAN, THE LONGEST SERVING MEMBER OF THE WAYS AND MEANS COMMITTEE, AND A WELL-DESERVED ONE MINUTE, I MIGHT ADD, MR. LEVIN.

          Show Full Text
        • 12:25:11 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE MINUTE. WITHOUT…

          THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE MINUTE. WITHOUT OBJECTION.

          Show Full Text
        • 12:25:16 PM

          MR. LEVIN

          IN ALL OF MY 35 YEARS IN CONGRESS, THIS IS ONE OF THE MOST DECEITFUL BILLS…

          IN ALL OF MY 35 YEARS IN CONGRESS, THIS IS ONE OF THE MOST DECEITFUL BILLS I'VE EVER SEEN. IT'S DECEITFUL WHEN REPUBLICANS SAY THE BILL IS FOCUSED ON THE MIDDLE CLASS. IT'S REALLY AIMED AT MAKING THE VERY WEALTHY EVEN WEALTHIER AND FORCING MILLIONS OF MIDDLE CLASS FAMILIES TO PAY HIGHER TAXES. IT'S DECEITFUL WHEN THEY SAY IT MAKES THE TAX CODE SIMPLER, EVEN AS LEGISLATION CREATES COMPLICATED NEW LOOPHOLES, WHILE ALLOWING EXISTING ONES SUCH AS CARRIED INTEREST TO CONTINUE. IT'S DECEITFUL WHEN THE BILL WILL INCREASE THE OUTSOURCING OF AMERICAN JOBS BY PROVIDING A LOWER TAX RATE ON FOREIGN INVESTMENT COMPARED TO INVESTING HERE. IT'S DECEITFUL ABOUT THE DEBT. REPUBLICANS SAY, DON'T WORRY ABOUT THE EXPIRING PROVISIONS. BUT EXTENDING THEM WOULD RAISE THE BILL'S ALREADY DEVASTATING EFFECT ON THE DEFICIT, $2.3 TRILLION. REPUBLICANS ARE RUSHING THIS BILL, BUT EVEN IN THEIR HASTE THEY ARE ALREADY TOO LATE. THE MAJORITY OF THE AMERICAN PEOPLE ALREADY SAY THIS BILL IS A DECEITFUL SHAM. I YIELD BACK.

          Show Full Text
        • 12:26:30 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 12:26:31 PM

          MR. BRADY

          MR. SPEAKER, I'M VERY PROUD TO YIELD TWO MINUTES TO THE GENTLEMAN FROM…

          MR. SPEAKER, I'M VERY PROUD TO YIELD TWO MINUTES TO THE GENTLEMAN FROM ILLINOIS AND CHAIRMAN OF THE TAX POLICY SUBCOMMITTEE,

          Show Full Text
        • 12:26:39 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM ILLINOIS IS RECOGNIZED FOR TWO MINUTES.

        • 12:26:42 PM

          MR. ROSKAM

          THANK YOU, MR. SPEAKER, AND THANK YOU, MR. CHAIRMAN, FOR YIELDING. WE'VE…

          THANK YOU, MR. SPEAKER, AND THANK YOU, MR. CHAIRMAN, FOR YIELDING. WE'VE HEARD SOME STRONG LANGUAGE FOR THE PAST COUPLE OF MINUTES. THIS HAS BEEN DESCRIBED AS IDEOLOGY, AND NOW DECEIT. WHERE IS THE DECEIT? THE DECEIT IS IN THE ASSUMPTION THAT WE CAN LIVE WITH THE STATUS QUO, MR. SPEAKER. THE DECEIT IS A BLINDNESS TO THE RECOGNITION THAT WE HAVE A TAX CODE THAT IS LITERALLYDY SOLVING UNDERNEATH US -- LITERALLY DESOLVING UNDERNEATH US. AND THIS CONGRESS HAS AN OPPORTUNITY TO DO SOMETHING TRANSFORMATIONAL. AND I PROPOSE BE ALONG WITH MY COLLEAGUES, TO BE TRANSFORMATIONAL. AND OPPORTUNISTIC. THERE'S A LOT OF DISCUSSION IN THE SUBTEXT OF THIS ABOUT CLASS ENVY AND OPPORTUNITY AND SO FORTH. HERE'S WHAT I KNOW. IT IS THE STATUS QUO THAT IS SERVING THE FEW. IT IS THE STATUS QUO THAT IS SO OFFPUTTING AND UNSETTLING AND KEEPS PEOPLE AT ARM'S LENGTH. AND WHAT WE'RE PROPOSING IS SOMETHING VERY DIFFERENT. MR. SPEAKER, WE'RE PROPOSING THE ECONOMICS OF OPPORTUNITY. NOT THE ECONOMICS OF ENVY. THE ECONOMICS OF BUOYANCY AND THE ECONOMICS OF PARTICIPATION. THEREIN LIES THE FOUNDATION OF THIS BILL. IT OFFERS TAX RELIEF THAT MY CONSTITUENTS ARE LONGING FOR. AND IT OFFERS A BUSINESS ENVIRONMENT THAT MAKES THINGS HAPPEN AND HAPPEN FOR THE GOOD. SO I AM PLEASED, I AM HONORED TO BE A PART OF THIS. I URGE MY COLLEAGUES TO VOTE AYE. AND LET US CELEBRATE A JOB WELL DONE. I YIELD BACK.

          Show Full Text
        • 12:28:19 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:28:21 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. WITH THAT I'D LIKE TO YIELD ONE MINUTE TO THE…

          THANK YOU, MR. SPEAKER. WITH THAT I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM GEORGIA, ONE OF THE GREAT MEN OF OUR TIME, CONGRESSMAN JOHN LEWIS.

          Show Full Text
        • 12:28:28 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM GEORGIA IS RECOGNIZED FOR ONE MINUTE. LOUIS LOUIS --

        • 12:28:33 PM

          MR. LEWIS

          MR. SPEAKER, I WANT TO THANK MY GOOD FRIEND, THE RANKING MEMBER, MR. NEAL,…

          MR. SPEAKER, I WANT TO THANK MY GOOD FRIEND, THE RANKING MEMBER, MR. NEAL, FOR YIELDING. I RISE TO OPPOSE THIS CONFERENCE REPORT WITH EVERY BONE IN MY BODY. THIS BILL IS A $2.3 TRILLION HOLIDAY GIFT FOR WALL STREET, THE RICH, AND THE WEALTHY. THIS BILL WAS CONCEIVED IN THE DARKNESS OF THE NIGHT AND BIRTHED WITH THE HELP OF UDONIS. THIS BILL IS NOT FOR THE PEOPLE, IT IS NOT OF THE PEOPLE, AND, MR. SPEAKER, IT IS NOT TAX REFORM. YOU'LL REWARD YOUR DONORS SO THAT OUR CHILDREN AND GRANDCHILDREN WILL SUFFER. THIS IS NOT FAIR. IT IS NOT JUST. AND IT IS BELOW THE DIGNITY AND WORTH OF THIS BODY. MR. SPEAKER, I'VE SAID ON MANY OCCASIONS THAT YOU CANNOT GET BLOOD FROM A TURN IN, YOU CANNOT -- TURNIP, YOU CANNOT JUSTIFY ROBBING POOR PETER TO PAY BILLIONAIRE PAUL. MR. SPEAKER, WHEN THIS BILL COMES DUE, THE CHICKENS WILL COME HOME TO ROOST. I URGE ALL OF MY COLLEAGUES TO BE ON THE RIGHT SIDE OF HISTORY AND VOTE AGAINST THIS ACT. THANK YOU, MR. SPEAKER. I YIELD.

          Show Full Text
        • 12:30:03 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 12:30:05 PM

          MR. BRADY

          MR. SPEAKER, I'M VERY PROUD, SO PROUD, TO YIELD TWO MINUTES TO THE…

          MR. SPEAKER, I'M VERY PROUD, SO PROUD, TO YIELD TWO MINUTES TO THE CHAIRWOMAN OF THE BUDGET COMMITTEE, A MEMBER OF THE WAYS AND MEANS COMMITTEE,

          Show Full Text
        • 12:30:13 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLELADY FROM TENNESSEE IS RECOGNIZED FOR TWO MINUTES.

        • 12:30:16 PM

          MRS. BLACK

          THANK YOU, MR. SPEAKER. AND THIS IS TRULY A MONUMENTAL DAY FOR THE…

          THANK YOU, MR. SPEAKER. AND THIS IS TRULY A MONUMENTAL DAY FOR THE AMERICAN PEOPLE. . DURING MY SEVEN YEARS HERE IN THE HOUSE SERVING ON THE HOUSE WAYS AND MEANS WE OUTLINED THE SORTS OF REFORM THAT COULD BENEFIT THE AMERICAN PEOPLE. AS A CONFEREE FOR H.R. 1, THE TAX CUTS AND JOBS ACT, I AM PROUD THAT WE KEPT OUR PROMISE OF PROVIDING TAX RELIEF FOR HARDWORKING, MIDDLE-INCOME FAMILIES, AND MAKING THE TAX CODE SIMPLER AND FAIRER FOR ALL. IT'S BEEN MORE THAN THREE DECADES SINCE OUR NATION'S TAX SYSTEM HAS BEEN MODERNIZED, AND THIS IS FINALLY THE DAY TO CHANGE THAT. AND I WANT TO REMIND MY COLLEAGUES THAT THE PROCESS BEGAN LONG BEFORE THIS YEAR. WHEN IT PROVIDED THE KEY, OUR IDEAS FOR CONSERVATIVE TAX REFORM WERE FINALLY UNLOCKED AND COULD BE PURSUED FOR REAL TAX REFORM. AND WITHOUT QUESTION, THIS CONFERENCE REPORT REFLECTS OUR SHARED CONSERVATIVE PRINCIPLES. THE CONFERENCE AGREEMENT ADDRESSES THE HEAVY TAX BURDEN WEIGHING DOWN HARDWORKING AMERICANS AND HOLDING BACK JOB CREATORS. IT BRINGS SIMPLICITY TO THE TAX CODE AND IT HELPS LOW AND MIDDLE-INCOME AMERICANS SEE MORE OF THEIR HARD-EARNED DOLLARS IN THEIR PAYCHECKS. AND IT EMPOWERS ENTREPRENEURS AND SMALL BUSINESSES TO CONTINUE OPENING, OPERATING, AND EXPANDING ON MAIN STREET. WITH EVERY MAJOR LEGISLATIVE EFFORT, THERE WILL BE CRITICS, BUT THE CRITICS HAVE IT WRONG. THE TRUTH IS THAT THE TAX CUTS AND JOBS ACT DELIVERS RELIEF AT EVERY INCOME LEVEL AND PROTECTS MORE HARD-EARNED DOLLARS FROM TAXES. FOR THE AVERAGE FAMILY OF FOUR, THIS LEGISLATION MEANS A TAX CUT NEXT YEAR OF MORE THAN $2,000. THE POINT OF THIS EXERCISE IS THAT WE ARE CUTTING YOUR TAXES, PLAIN AND SIMPLE. I URGE MY COLLEAGUES TO STAND ON THE RIGHT SIDE OF HISTORY AND SUPPORT THIS LEGISLATION BECAUSE THE BENEFITS WILL BE FELT BY ALL AMERICANS FOR GENERATIONS TO COME. WITH THAT, MR. SPEAKER, I YIELD BACK THE BALANCE OF MY TIME.

          Show Full Text
        • 12:32:27 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:32:29 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEMAN…

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEMAN FROM MARYLAND, THE VERY CAPABLE LEGISLATIVE AND DEMOCRATIC WHIP, MR. HOYER.

          Show Full Text
        • 12:32:35 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MARYLAND IS RECOGNIZED FOR THREE MINUTES.

        • 12:32:38 PM

          MR. HOYER

          I WAS HERE IN 1981. THEY SAID THE 1981 BILL WOULD PAY FOR ITSELF. DAVID…

          I WAS HERE IN 1981. THEY SAID THE 1981 BILL WOULD PAY FOR ITSELF. DAVID STOCKMAN, A FORMER COLLEAGUE FROM MICHIGAN, WAS HERE AND HE WAS AT O.M.B. THEN, AND A FEW YEARS LATER HE WROTE A BOOK AND HE SAID, I SAID IT WOULD PAY FOR ITSELF AND I KNEW THAT WAS NOT TRUE. THE SAME CAN BE SAID OF THIS BILL. MR. SPEAKER, HISTORY WILL INDEED REMEMBER THIS VOTE. FUTURE GENERATIONS OF AMERICANS WILL REMEMBER WHO CAST THEIR VOTES TO RAISE TAXES ON 86 MILLION MIDDLE-CLASS HOUSEHOLDS, AND HEAP ANOTHER $1.5 TRILLION IN DEFICITS ONTO OUR CHILDREN AND TO OUR GRANDCHILDREN. THEY WILL REMEMBER WHO CAST THEIR VOTES FOR A PLAN THAT GIVES 83% OF ITS BENEFITS TO 1% OF THE AMERICAN PEOPLE. THEY WILL REMEMBER THAT PRESIDENT TRUMP PROMISED THAT THE MIDDLE CLASS WOULD GET A TAX CUT AND THE WEALTHY INDIVIDUALS, LIKE HIM, WOULD NOT BEFORE TURNING HIS BACK ON THAT PROMISE. THEY WILL REMEMBER THOSE WHO CAST THEIR VOTES TO KICK 13 MILLION AMERICANS OFF THEIR HEALTH INSURANCE COVERAGE. AND THEY WILL REMEMBER THOSE WHO ACTED WITH THE FULL KNOWLEDGE THAT THEIR VOTES WOULD TRIGGER A $25 BILLION CUT IN MEDICARE. I KNOW YOU SAID YOU'RE GOING TO WAIVE IT, WHICH WILL SIMPLY ADD $25 BILLION TO THE DEFICIT, BUT WE WILL REMEMBER THOSE WHO STOOD UP IN THE FACE OF THIS DANGEROUS AND PARTISAN BILL AND SAID NO. AND THOSE OF US WHO VOTE AGAINST NOT BECAUSE WE OPPOSE TAX REFORM. ON THE CONTRARY. WE RECOGNIZE, AS MOST AMERICANS DO, THAT THIS BILL IS NOT TAX REFORM. IT IS A TAX GIVEAWAY TO THOSE WHO DON'T NEED OUR HELP PAID FOR BY THOSE WHO DO. THIS IS A RECKLESS AND DANGEROUS DEFICIT SPENDING AT ITS WORSE. IN 1986, DEMOCRATS AND REPUBLICANS WORKED TOGETHER IN GOOD FAITH AND OVER MANY MONTHS IN AN OPEN, TRANSPARENT, AND REGULAR ORDER PROCESS TO CRAFT REAL BIPARTISAN TAX REFORM THAT HELPED THE MIDDLE CLASS WITHOUT ADDING A DIME TO THE DEFICIT. NOT A SINGLE DIME. THIS HAS NOT BEEN AN OPEN PROCESS. THIS HAS NOT BEEN BIPARTISAN. THIS HAS NOT BEEN TRANSPARENT OR THROUGH REGULAR ORDER. THIS RAISES TAXES, AS I SAID, ON 86 MILLION AMERICANS WILL PAY MORE TAXES 10 YEARS FROM NOW THAN THEY DO TODAY. THIS GIVES 83% OF THE TAX CUTS TO THE TOP 1%. NOT THE $59,000 FAMILY THAT PAUL RYAN TALKED ABOUT, BUT TO THOSE FAMILIES MAKING OVER $900,000 A YEAR.

          Show Full Text
        • 12:35:44 PM

          MR. NEAL

          I YIELD THE GENTLEMAN AN ADDITIONAL ONE MINUTE.

        • 12:35:47 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN IS RECOGNIZED FOR AN ADDITIONAL MINUTE.

        • 12:35:49 PM

          MR. HOYER

          THIS BILL ADDS $1.5 TRILLION TO THE DEFICIT. THIS IS NOT TAX REFORM. SO…

          THIS BILL ADDS $1.5 TRILLION TO THE DEFICIT. THIS IS NOT TAX REFORM. SO REPUBLICANS MAY PAT THEMSELVES ON THE BACK IN THE COMING DAYS FOR HAVING FINALLY PASS SOMETHING OUT OF CONGRESS. UNFORTUNATELY, IT'S A BAD THING. I URGE THEM TO REMEMBER THAT THIS VOTE MAY BE THE MOST CONSEQUENTIAL IN THEIR CAREERS, NOT POSITIVELY. I SAY TO MY FRIENDS ACROSS THE AISLE, STAND UP AND SAY NO WITH US AND COMMIT TO START WORKING ON A PRODUCT ALL MEMBERS OF THE CHAMBER CAN BE PROUD OF AS WAS THE CASE IN 1986. THAT'S WHAT RONALD REAGAN DID. IN 1986, REAGAN DID NOT GO DOWN THIS RECKLESS AND IRRESPONSIBLE PATH. STAND UP FOR THE PRINCIPLES YOU USE TO ASPOWS BUT ARE -- ESPOUSE BUT ARE NOW ABOUT TO ABANDON. STAND UP FOR FISCAL RESPONSIBILITY. STAND UP FOR THE MIDDLE CLASS. STAND UP FOR WHAT THE AMERICAN PEOPLE HOPE WE WOULD DO. THIS IS NOT IT.

          Show Full Text
        • 12:36:55 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 12:36:57 PM

          MR. BRADY

          MR. SPEAKER, I'M PROUD TO YIELD TWO MINUTES TO THE GENTLELADY FROM SOUTH…

          MR. SPEAKER, I'M PROUD TO YIELD TWO MINUTES TO THE GENTLELADY FROM SOUTH DAKOTA, MRS. NOEM.

          Show Full Text
        • 12:37:02 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLELADY FROM SOUTH DAKOTA IS RECOGNIZED FOR TWO MINUTES.

        • 12:37:04 PM

          MRS. NOEM

          THANK YOU, MR. SPEAKER. MR. SPEAKER, I RISE TODAY AS A FARMER, A RANCHER,…

          THANK YOU, MR. SPEAKER. MR. SPEAKER, I RISE TODAY AS A FARMER, A RANCHER, A SMALL BUSINESS PERSON, BUT MOST IMPORTANTLY AS A MOM. I RISE TO SUPPORT THE CONFERENCE REPORT OF H.R. 1, THE TAX CUTS AND JOBS ACT. MR. SPEAKER, MY HOME STATE OF SOUTH DAKOTA, THE AVERAGE HOUSEHOLD INCOME IS $54,000 PER YEAR. OUT OF THAT $54,000, OUR FAMILIES PAY DOUBLE THE NATIONAL AVERAGE IN ENERGY COST JUST BECAUSE WHERE THEY'RE LOCATED. THESE ARE HARDWORKING FAMILIES AND THEY DESERVE A BREAK. THE TAX CUTS AND JOBS ACT GIVES THEM THAT BREAK BY LOWERING TAX RATES, DOUBLING THE STANDARD DEDUCTION, THAT FAMILY CAN GO FROM A $833 TAX LIABILITY TO A $781 TAX REFUND. THAT'S A $1,600 DIFFERENT IN AFTER-TAX INCOME. $1,600 THAT GO TO BENEFIT THEIR FAMILY, THEIR COMMUNITY RATHER INTO THE GREEDY HANDS OF THOSE IN WASHINGTON. ON TOP OF THAT, THE TAX CUTS AND JOBS ACT IS DESIGNED TO BUILD A HEALTHIER ECONOMY, AN ECONOMY WHICH THAT FAMILY MAKING $54,000 CAN GET A RAISE, AN ECONOMY THAT GROWS JOBS. I AM PROUD TO SERVE ON THE CONFERENCE COMMITTEE THAT PUT THIS REPORT TOGETHER. I THANK CHAIRMAN BRADY FOR HIS LEADERSHIP THROUGHOUT THE PROCESS. WE WORKED HOURS, LITERALLY HUNDREDS OF HOURS PUTTING THIS TOGETHER AND GETTING THE CHILD TAX CREDIT WHERE IT IS TODAY. WE HAD RIGOROUS DEBATES ABOUT THE BENEFITS TO RURAL AMERICA. I AM THRILLED TO BE ABLE TO GO HOME AND TELL SOUTH DAKOTA FARMERS AND RANCHERS THEY WILL HAVE NEW EXPENSING TOOLS, A NEW SMALL BUSINESS DEDUCTION, SIGNIFICANTLY LOWER INDIVIDUAL RATES. WHILE I AM DISAPPOINTED THIS BILL DOESN'T COMPLETELY REPEAL THE DEATH TAX, IT DOES PROVIDE MORE RELIEF TO PRODUCERS AND SMALL BUSINESS OWNERS. WHILE NO PLAN IS PERFECT IN ANYONE'S EYES, THIS LEGISLATION PUTS MORE MONEY IN THE POCKETS OF HARDWORKING TAXPAYERS. THE BOTTOM LINE IS THIS. THE AMERICAN PEOPLE DESERVE MORE CONTROL OVER THEIR PAYCHECKS, THEY WORKED HARD FOR THAT MONEY, IT'S TIME FOLKS IN WASHINGTON RESPECT THAT AND THANK YOU, MR. SPEAKER. WITH THAT I YIELD BACK.

          Show Full Text
        • 12:39:01 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:39:03 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. WITH THAT I'D LIKE TO YIELD ONE MINUTE TO THE…

          THANK YOU, MR. SPEAKER. WITH THAT I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM TEXAS, A VALUED MEMBER OF THE WAYS AND MEANS COMMITTEE, MR. DOGGETT.

          Show Full Text
        • 12:39:10 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS IS RECOGNIZED FOR ONE MINUTE.

        • 12:39:13 PM

          MR. DOGGETT

          BETWEEN TWEETS, TRUMP APPARENTLY HAD TIME TO TAKE THOSE CALLS FROM HIS…

          BETWEEN TWEETS, TRUMP APPARENTLY HAD TIME TO TAKE THOSE CALLS FROM HIS RICH FRIENDS THAT KEPT ASKING FOR MORE AND NOT EVEN THIS LAP DOG REPUBLICAN CONGRESS INITIALLY DID ENOUGH TO SATISFY THE TRUMP FAMILY AND THEIR BILLIONAIRE BUDDIES. INSTEAD OF ADJUSTING THE DIFFERENCES BETWEEN THE HOUSE AND THE SENATE, REPUBLICAN CONFEREES LAST WEEK SECRETLY CONCOCTED EVEN MORE BENEFITS FOR THEM. THOSE REAL ESTATE MOGULS LIKE TRUMP, WHO HAD ALREADY BEEN GRANTED PREFERENTIAL TAX TREATMENT, CAN NOW TAKE ADVANTAGE OF AN ENTIRELY NEW LOOPHOLE THAT WAS NOT IN EITHER OF THE PREVIOUS BILLS. AND JUST IN CASE THEIR ENDLESS LOOPHOLES LEFT SOME DONOR BEHIND, THE REPUBLICANS HAVE PROVIDED A NEW ACROSS-THE-BOARD TAX CUT FOR BILLIONAIRES. IT'S WORKING FAMILIES WHO WILL PAY TO PUT THE PLATINUM TINSEL ON THIS CHRISTMAS TREE FOR THE ELITE. THIS IS NOT TAX REFORM. IT'S REWARD FOR THE PRIVILEGED. IT'S A CHRISTMAS WHERE WORKING PEOPLE GET TO KEEP THE GIFT WRAPPING BUT THE GIFT GOES TO THE WEALTHY AND THE CORPORATE TAX DODGERS. I YIELD BACK.

          Show Full Text
        • 12:40:27 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 12:40:29 PM

          MR. BRADY

          MINUTE TO THE GENTLEMAN FROM OHIO, OUR FRIEND, MR. TIBERI.

        • 12:40:37 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN IS RECOGNIZED.

        • 12:40:39 PM

          MR. TIBERI

          MR. SPEAKER, THIS IS AN HISTORIC DAY. 17 YEARS AGO I GOT ELECTED TO…

          MR. SPEAKER, THIS IS AN HISTORIC DAY. 17 YEARS AGO I GOT ELECTED TO CONGRESS CAMPAIGNING ON TAX REFORM. CAMPAIGNING ON THE FACT IT'S NOT OUR MONEY, IT'S OUR CONSTITUENTS' MONEY, AND TODAY WE'RE GIVING BACK OUR MONEY TO OUR CONSTITUENTS. THEIR MONEY TO OUR CONSTITUENTS. BOB AND BETTY BUCKEYE IN OHIO. MORE WAGES IN THEIR POCKET. THE BILL ALSO INCLUDES AN INITIATIVE I WORKED ON THAT'S BIPARTISAN CALLED THE INVESTMENT AND OPPORTUNITY ACT WITH MR. KIND, CO-SPONSORED BY MR. NEAL. THIS BILL, AUTHORED BY MY FRIEND, TIM SCOTT IN THE SENATE, WILL HELP AREAS THAT HAVEN'T SEEN ECONOMIC RECOVERY, IT WILL ALLOW PRIVATE INVESTMENT IN POOR RURAL AREAS. MR. NEAL KNOWS WITH INCENTIVES LIKE THAT AND LOW INCOME TAX CREDIT, THIS WILL HELP THOSE IN COMMUNITIES THAT HAVE BEEN LEFT BEHIND WITH MORE MONEY AND WORKING FAMILIAR -- IN WORKING FAMILIES' POCKETS. I URGE ADOPTION OF THE CONFERENCE REPORT. I YIELD BACK.

          Show Full Text
        • 12:41:41 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:41:43 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. WITH THAT I'D LIKE TO YIELD ONE MINUTE TO THE…

          THANK YOU, MR. SPEAKER. WITH THAT I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM CALIFORNIA, A DISTINGUISHED VIETNAM VETERAN AND WELL-KNOWN AND VALUED MEMBER OF THE COMMITTEE,

          Show Full Text
        • 12:41:52 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR ONE MINUTE.

        • 12:41:54 PM

          MR. THOMPSON

          MR. SPEAKER, THIS TAX BILL IS BAIT AND SWITCH. REPUBLICANS SAID THE TAX…

          MR. SPEAKER, THIS TAX BILL IS BAIT AND SWITCH. REPUBLICANS SAID THE TAX BILL WILL SIMPLIFY THE TAX SYSTEM AND HELP WORKING PEOPLE, NOT THE RICH. WELL, THAT'S OUT THE WINDOW. WITH THIS REPUBLICAN BILL, 86 MILLION MIDDLE-CLASS HOUSEHOLDS WILL SEE THEIR TAXES GO UP. AND REMEMBER WHEN THE REPUBLICANS SAID WE'D BE FILING OUR TAXES ON A POSTCARD. THE POSTCARD'S NOW GONE. INSTEAD OF MAKING OUR TAX CODE SIMPLER, REPUBLICANS HAVE MADE IT MORE COMPLICATED. THEY'VE EVEN ADDED AN ADDITIONAL BRACKET. AND THEIR CLAIM THIS IS NOT A TAX BILL THAT FAVORS THE RICH AND THE CORPORATIONS, SOME OF WHICH SHIP JOBS OVERSEAS, WELL, THAT'S MULARKEY. WELL, THERE ARE SOME TAX CUTS FOR THE MIDDLE CLASS, THEY'RE ALL TEMPORARY. BUT THE BREAKS FOR CORPORATIONS ARE PERMANENT. THAT'S LEAVING TOO MANY PEOPLE BEHIND. AND LET'S NOT FORGET ABOUT THE STATE AND LOCAL TAX PROVISION. BECAUSE OF THE CHANGES THAT THE REPUBLICANS ARE MAKING, SOME HOME VALUES IN SOME STATES ARE PROJECTED TO DROP BY 10%. THE RICHEST OF THE RICH ARE GETTING A BREAK. THE TOP BRACKET IS DROPPING FROM 39.6% TO 37%. THOSE FOLKS ARE NOT YOUR WORKING CLASS, MIDDLE-CLASS FAMILIES. TO ADD INSULT TO INJURY, IT RAISES OUR DEBT BY $2.3 TRILLION. IT'S A BAD BILL. PLEASE VOTE NO.

          Show Full Text
        • 12:43:09 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 12:43:11 PM

          MR. BRADY

          MR. SPEAKER, I'M SO PROUD TO YIELD ONE MINUTE TO THE GENTLELADY FROM…

          MR. SPEAKER, I'M SO PROUD TO YIELD ONE MINUTE TO THE GENTLELADY FROM KANSAS, MS. JENKINS.

          Show Full Text
        • 12:43:16 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLELADY FROM KANSAS IS RECOGNIZED FOR ONE MINUTE.

        • 12:43:19 PM

          MS. JENKINS

          GENTLEMAN FOR YIELDING AND FOR HIS LEADERSHIP ON THIS VERY IMPORTANT…

          GENTLEMAN FOR YIELDING AND FOR HIS LEADERSHIP ON THIS VERY IMPORTANT ISSUE. MR. SPEAKER, I RISE TODAY TO BE A VOICE FOR KANSANS WHO KNOW OUR STATUS QUO TAX CODE NO LONGER WORKS FOR THEM. THEY KNOW IT DOESN'T WORK WHEN IT FAVORS SPECIAL INTERESTS OVER INDIVIDUALS. OR WHEN IT CAUSES KANSAS FACTORIES TO CLOSE, SENDING THOSE JOBS TO OTHER COUNTRIES. I RISE TODAY BECAUSE KANSANS KNOW THAT WITHOUT REJUVENATED AND SUSTAINED ECONOMIC GROWTH WE WILL NEVER FIND THE MONEY TO PAY DOWN OUR NATION'S DEBT. THAT'S WHY I STRONGLY SUPPORT H.R. 1, WHICH WILL CLOSE SPECIAL INTEREST LOOPHOLES AND LOWER RATES FOR EVERYONE, NOT JUST THE RICH, NOT JUST THE POOR, EVERYONE. INDIVIDUALS IN MY DISTRICT WILL SEE IMMEDIATE TAX RELIEF WITH THE DOUBLING OF THE STANDARD DEDUCTION AND THE CHILD TAX CREDIT. WE ALSO LESSEN THE FINANCIAL BURDEN OF EDUCATION BY KEEPING IMPORTANT COLLEGE TAX PROVISIONS AND EXPANDING ACCESS TO 529 SAVINGS PLANS. ON AVERAGE THE FAMILY OF FOUR IN MY DISTRICT WILL SEE A TAX CUT OF JUST OVER $2,300 BECAUSE OF THIS BILL, A FAIRER, SIMPLER TAX CODE MEANS HARDWORKING FAMILY WILL SEE TAX RELIEF AND ECONOMIC GROWTH THIS COUNTRY RIGHTFULLY DESERVES. THANK YOU, MR. SPEAKER. AND I YIELD BACK THE BALANCE OF MY TIME.

          Show Full Text
        • 12:44:38 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:44:40 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM…

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM CONNECTICUT, THE FORMER PRESIDENT OF THE STATE SENATE IN THE STATE OF CONNECTICUT AND A WELL-INFORMED MEMBER OF THE WAYS AND MEANS COMMITTEE, MR. LARSON.

          Show Full Text
        • 12:44:48 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM CONNECTICUT IS RECOGNIZED FOR ONE MINUTE.

        • 12:44:51 PM

          MR. LARSON

          I THANK THE GENTLEMAN AND SEEK UNANIMOUS CONSENT TO SUBMIT FOR THE RECORD…

          I THANK THE GENTLEMAN AND SEEK UNANIMOUS CONSENT TO SUBMIT FOR THE RECORD THE CONGRESSIONAL BUDGET OFFICE ACCOUNTING OF THE 25 MILLION DOLLARS -- $25 BILLION THAT WILL BE TAKEN OUT OF MEDICARE.

          Show Full Text
        • 12:45:04 PM

          TEMPORE WITHOUT

          LOOK AT THIS BILL AND KNOWING THAT WE HAVE HONORABLE MEMBERS ON THE OTHER…

          LOOK AT THIS BILL AND KNOWING THAT WE HAVE HONORABLE MEMBERS ON THE OTHER SIDE WHO THIS CHRISTMAS WILL BE SITTING WITH THEIR RELATIVES, THEIR FAMILY MEMBERS, THEIR MOTHERS AND FATHERS, THEIR BROTHERS AND SISTERS AND TO KNOW THAT THIS CREATES NOT JUST THE $2 TRILLION DEBT BUT THE PAY-FOR, THE PAY-FOR OUT OF THE MEDICARE PROGRAM, AN AUTOMATIC CUT OF $25 BILLION AND A PLAN THAT WAS NEVER DEBATED. IT FULFILLS A GRAND VISION OF GROVER NORQUIST AND THE IDEOLOGY THAT YOU TOOK A PLEDGE TO. WELL, WHAT ABOUT THE OATH OF OFFICE AND A PLEDGE TO THE CONSTITUTION AND STANDING UP FOR THE PEOPLE OF THIS NATION AND THE VERY ELDERLY AT THIS CHRISTMAS AND THROUGHOUT THE YEAR WHO WILL NEED OUR HELP? . I YIELD BACK.

          Show Full Text
        • 12:46:10 PM

          THE SPEAKER PRO TEMPORE

          MEMBERS ARE REMINDED TO DIRECT THEIR COMMENTS TO THE CHAIR. THE GENTLEMAN…

          MEMBERS ARE REMINDED TO DIRECT THEIR COMMENTS TO THE CHAIR. THE GENTLEMAN FROM TEXAS.

          Show Full Text
        • 12:46:14 PM

          MR. BRADY

          YES, MR. SPEAKER. I'M PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN FROM…

          YES, MR. SPEAKER. I'M PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN FROM MINNESOTA, MR. PAUL SCENARIO.

          Show Full Text
        • 12:46:18 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MINNESOTA IS RECOGNIZED FOR ONE MINUTE.

        • 12:46:22 PM

          MR. PAULSEN

          I THANK THE GENTLEMAN FOR YIELDING. ONE OF MY PREDECESSORS WAS BILL…

          I THANK THE GENTLEMAN FOR YIELDING. ONE OF MY PREDECESSORS WAS BILL FRENSLE. HE WAS THE LAST MINNESOTAN TO SERVE ON THE WAYS AND MEANS COMMITTEE. WHEN TAX REFORM WAS PASSED. IT WAS 1986. AND IN THE 31 YEERTS SINCE THEN, OUR TAX -- YEARS SINCE THEN, OUR TAX CODE HAS BEEN ONE OF THE MOST COMPLICATED, UNFAIR AND MOST UNCOMPETITIVE IN THE WORLD. IT'S LED TO A STAGNANT ECONOMY WITH A SLUGGISH GROWTH, WITH AMERICA LOSING OUR MANUFACTURING, OUR JOBS, OUR ENOVATION AND OUR HEADQUARTERS OVERSEAS. BUT -- INNOVATION AND OUR HEADQUARTERS OVERSEAS. BUT TODAY THAT ALL CHANGES. TODAY WE'LL PASS AND GIVE MINNESOTA EMPLOYERS THE CONFIDENCE AND THE CAPITAL THEY NEED TO GROW THEIR BUSINESSES. TO HIRE MORE WORKERS. TO GIVE THEIR EMPLOYEES A RAISE. THIS PROVIDES MIDDLE INCOME FAMILIES WITH TAX CUTS THEY NEED TO SAVE FOR THEIR FUTURE AND IMPROVE THEIR STANDARD OF LIVING. THIS HELPS REAL PEOPLE WITH REAL NEEDS. MR. SPEAKER, TAX REFORM FOR ME IS ABOUT ONE THING AND ONE THING ONLY. IT IS ABOUT RESTORING THE HOPE FOR A PROSPEROUS FUTURE FOR OURSELVES, OUR PATIENTS AND, MOST IMPORTANTLY -- PARENT, AND, MOST IMPORTANTLY, OUR CHILDREN. I YIELD ADOPTION OF THE REPORT AND YIELD BACK.

          Show Full Text
        • 12:47:24 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:47:26 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM…

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM OREGON, A VERY CAPABLE MEMBER OF THE COMMITTEE, AND A CHAMPION OF RENEWABLE ENERGY, CONGRESSMAN BLUMENAUER.

          Show Full Text
        • 12:47:34 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM OREGON IS RECOGNIZED FOR ONE MINUTE.

        • 12:47:37 PM

          MR. BLUMENAUER

          THIS BILL WILL BE THE LARGEST TRANSFER OF WEALTH IN OUR NATION'S HISTORY,…

          THIS BILL WILL BE THE LARGEST TRANSFER OF WEALTH IN OUR NATION'S HISTORY, FINANCED BY MORTGAGING OUR CHILDREN'S FUTURE WITH A MOUNTAIN OF INCREASED DEBT. IT'S NOT REALLY EVEN A POLICY. IT'S RATHER A COLLECTION OF SPECIAL INTEREST PROVISIONS BEING SOLD ON THE FALSE SET OF PROMISES. IT'S NOT MIDDLE CLASS TAX RELIEF. IT IS INSTEAD PERMANENT AND MASSIVE TAX REDUCTIONS FOR THE LARGEST CORPORATIONS AND WEALTHY INDIVIDUALS LIKE DONALD TRUMP. 83% WILL FLOW TO THE TOP 1%. EVERYBODY ELSE WILL RECEIVE ONLY A SMALL AND TEMPORARY TAX REDUCTION, ULTIMATELY 86 MILLION AMERICANS, MIDDLE CLASS AMERICANS, WILL HAVE THEIR TAXES INCREASED. THIS LEGISLATION FAILS UTTERLY TO INVEST IN THE AMERICAN PEOPLE. WITH THIS $2.3 TRILLION. BUT IT IS A BANANZA FOR THE ATTORNEYS, LOBBYISTS AND ACCOUNTANTS, FINDING WAYS TO FURTHER ENRICH THE MOST PRIVILEGED IN AMERICA. AND FOR WEEKS TO COME, WE'RE GOING TO LEARN MORE ABOUT THE SPECIAL GIFTS HIDDEN WITHIN THIS BILL TO NAIL DOWN THE LAST FEW VOTES. NO WONDER THE AMERICAN PUBLIC IS OPPOSED.

          Show Full Text
        • 12:48:51 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN'S TIME HAS EXPIRED.

        • 12:48:54 PM

          MR. BLUMENAUER

          THEY ARE RIGHT AND THE REPUBLICANS ARE WRONG.

        • 12:48:56 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 12:48:57 PM

          MR. BRADY

          MR. SPEAKER, I'M REALLY PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN FROM…

          MR. SPEAKER, I'M REALLY PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NEBRASKA,

          Show Full Text
        • 12:49:01 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM NEBRASKA IS RECOGNIZED FOR ONE MINUTE.

        • 12:49:03 PM

          MR. SMITH

          THANK YOU, MR. SPEAKER. I RISE TODAY IN SUPPORT OF THE TAX REFORM…

          THANK YOU, MR. SPEAKER. I RISE TODAY IN SUPPORT OF THE TAX REFORM CONFERENCE REPORT. THIS IS A GREAT OPPORTUNITY TO REDUCE THE TAX BURDEN ON AMERICANS ACROSS THE ECONOMIC SPECTRUM, WHILE MODERNIZING OUR TAX CODE FOR THE 21ST CENTURY -- FOR THE 21ST CENTURY. I'D LIKE TO TAKE A FEW MOMENTS TO DISCUSS WHAT THIS BILL DOES FOR AMERICAN AGRICULTURE. FIRST AND FOREMOST, THIS BILL CUTS TAXES FOR MOST AMERICANS WHILE SIMPLIFYING COMPLIANCE AND TRANSITIONING US TO A MORE COMPETITIVE TAX SYSTEM INTERNATIONALLY. IN ADDITION TO RETAINING THE DEDUCTION FOR STATE AND LOCAL TAXES FOR INDIVIDUALS AND FAMILIES, UP TO $10,000, THIS BILL LEAVES IN TACT THE FULL DEDUCTION FOR PROPERTY TAXES ON AG LAND AND PROPERTY. IN ADDITION, I'M GRATEFUL THIS CONFERENCE REPORT INCLUDES A SOLUTION TO CONCERNS RAISED BY AGRICULTURE COOPS AND THEIR MEMBERS ABOUT THE REPEAL OF SECTION 199. WITH COMMODITY PRICES LOW, IT IS IMPORTANT WE ENSURE THE TAX CODE CONTINUES TO WORK AS INTENDED, WITH COOPS PASSING ALONG THEIR PROFITS TO THEIR PRODUCER -OWNERS. FINALLY, WHILE I WOULD HAVE PREFERRED WE REPEAL THE DEATH TAX IN FULL, DOUBLING THE EXEMPTION AND KEEPING THE BASIS WILL HELP PROVIDE CERTAINTY FOR MORE FARMERS, RANCHERS AND SMALL BUSINESSES. I THANK THE CHAIRMAN AND THE CONFEREES FOR THEIR WORK ON THIS STRONG PRODUCT. I'M ANXIOUS FOR US TO PASS THIS BILL AND GET IT TO THE PRESIDENT FOR HIS SIGNATURE. I YIELD BACK THE BALANCE OF MY TIME.

          Show Full Text
        • 12:50:25 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:50:27 PM

          MR. NEAL

          I YIELD ONE MINUTE TO THE GENTLEMAN FROM WISCONSIN, A CAMEABLE MEMBER OF…

          I YIELD ONE MINUTE TO THE GENTLEMAN FROM WISCONSIN, A CAMEABLE MEMBER OF THE WAYS AND MEANS COMMITTEE, MR. KIND -- A CAPABLE MEMBER OF THE WAYS AND MEANS COMMITTEE, MR. KIND.

          Show Full Text
        • 12:50:33 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

        • 12:50:36 PM

          MR. KIND

          MR. SPEAKER, IF WE'RE GOING TO BORROW $2 TRILLION FROM CHINA OVER THE NEXT…

          MR. SPEAKER, IF WE'RE GOING TO BORROW $2 TRILLION FROM CHINA OVER THE NEXT 10 YEARS, IT BETTER BE FOR A VERY GOOD REASON. AND LAVISHING HUGE TAX BREAKS TO MULTINATIONAL CORPORATIONS AND TO THE MOST WEALTHY AMONGST US IS NOT A GOOD REASON. I'M VERY CONCERNED ABOUT MANY OF MY FISCALLY CONSERVATIVE FRIENDS ACROSS THE AISLE. IT'S WHY I OFFERED AN AMENDMENT THAT WOULD HAVE EXPANDED THE ENDANGERED SPECIES LIST TO INCLUDE FISCALLY CONSERVATIVE REPUBLICANS. BECAUSE YOU'RE ABOUT TO GO EXTINCT UNDER THIS BILL. AND UNDER THIS BILL YOU'RE CREATING A MESS THAT'S GOING TO TAKE YEARS TO CLEAN UP BECAUSE OF THE POTENTIAL FOR FRAUD AND ABUSE. CONSIDER THIS. YOU'RE PITTING A HASTILY WRITTEN BILL, DRAFTED WITHOUT ONE HEARING, CONSIDERED WITHOUT FEEDBACK FROM PEOPLE BACK HOME, WITHOUT PROPER VETTING, ALL OVER THE COURSE OF A FEW SHORT WEEKS, AGAINST SOME OF THE SMARTEST ACCOUNTANTS AND TAX ATTORNEYS THAT MONEY CAN BUY. WHO DO YOU THINK IS GOING TO WIN THAT BATTLE? THIS IS A BILL THAT WAS DRAFTED OF, FOR AND BY THE POWERFUL SPECIAL INTERESTS IN WASHINGTON, AND IT SHOULD BE REJECTED. I YIELD BACK.

          Show Full Text
        • 12:51:38 PM

          THE SPEAKER PRO TEMPORE

          ONCE AGAIN, THE CHAIR REMINDS MEMBERS TO DIRECT THEIR COMMENTS TO THE…

          ONCE AGAIN, THE CHAIR REMINDS MEMBERS TO DIRECT THEIR COMMENTS TO THE CHAIR. THE GENTLEMAN FROM TEXAS.

          Show Full Text
        • 12:51:44 PM

          MR. BRADY

          MR. SPEAKER, I'M VERY PROUD TO YIELD TWO MINUTES TO THE MAJORITY WHIP, THE…

          MR. SPEAKER, I'M VERY PROUD TO YIELD TWO MINUTES TO THE MAJORITY WHIP, THE REPUBLICAN CONFERENCE, THE GENTLEMAN FROM LOUISIANA, MR. SCALISE.

          Show Full Text
        • 12:51:52 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM LOUISIANA IS RECOGNIZED FOR TWO MINUTES.

        • 12:51:54 PM

          MR. SCALISE

          THANK YOU, MR. SPEAKER. AND WANT TO THANK CHAIRMAN BRADY FOR YIELDING TIME…

          THANK YOU, MR. SPEAKER. AND WANT TO THANK CHAIRMAN BRADY FOR YIELDING TIME AND FOR HIS LEADERSHIP AND THE ENTIRE GROUP OF CONFEREES ON BRINGING THIS TAX CUTS AND JOBS BILL TO THE FLOOR. I WANT TO THANK PRESIDENT TRUMP FOR WORKING WITH US EVERY STEP OF THE WAY, TO BRING US TO AN HISTORIC MOMENT WHERE WE'RE ACTUALLY GOING TO PROVIDE TAX RELIEF TO HARDWORKING FAMILIES. YOU KNOW, THERE ARE THOSE ON THE OTHER SIDE THAT WOULD SAY, KEEP ALL THE MONEY IN WASHINGTON. STUNT ECONOMIC GROWTH. CONTINUE TO LET AMERICA BE NONCOMPETITIVE, WHERE WE SEE JOBS GO OVERSEAS, OVER AND OVER AGAIN. LARGE COMPANIES, THOUSANDS OF JOBS AT A TIME. MOVING TO FOREIGN COUNTRIES BECAUSE WE HAVE THE HIGHEST CORPORATE TAX RATE IN THE INDUSTRIALIZED WORLD. WELL, MR. SPEAKER, IT'S TIME FOR THAT TO END. AND WE DO END THAT IN THIS BILL. WE FINALLY MAKE OUR COUNTRY COMPETITIVE AGAIN. SO WE CAN BRING THOSE JOBS BACK. WHY DENY OPPORTUNITY FOR SO MANY PEOPLE WHO WANT A CHANCE AT THE AMERICAN DREAM? IN OUR BILL, MR. SPEAKER, WE CUT EVERY SINGLE TAX RATE AND MAKE IT LOWER. THAT'S MORE MONEY IN THE POCKETS OF HARDWORKING FAMILIES. ON AVERAGE FAMILIES ARE GOING TO SEE OVER $2,000 MORE BACK IN THEIR PAYCHECKS EVERY YEAR. THAT'S REAL MONEY. WHEN YOU LOOK AT RIGHT NOW AVERAGE SAVINGS FOR FAMILIES IS $400 IN THEIR CHECKING ACCOUNT. THIS IS REAL MONEY TO HELP PEOPLE HAVE BETTER OPPORTUNITIES, TO GO PUT MORE MONEY IN THEIR KIDS' COLLEGE TUITION ACCOUNT. WHEN YOU LOOK AT WHAT THIS MEANS, IT'S NOT ONLY GOOD FOR ECONOMIC GROWTH AND CREATING JOBS AND REBUILDING OUR MIDDLE CLASS. BUT IT'S HISTORIC IN THE SIMPLIFICATION WHERE OVER 90% OF AMERICAN FAMILIES WILL ACTUALLY BE ABLE TO DO THEIR TAXES ON A POSTCARD. JUST THINK OF HOW SIMPLIFIED THAT MAKES THE CODE. THE LAST TIME THIS WAS DONE WAS IN 1986 AND WHEN RONALD REAGAN WAS SIGNING THAT BILL, HE TALKED ABOUT HOW HARD IT WAS AND HOW MANY TIMES PEOPLE SAID IT COULDN'T HAPPEN. IN FACT, RONALD REAGAN READ A QUOTE FROM A HEADLINE AND HE SAID, THE IMPOSSIBLE BECAME THE INEVITABLE. TODAY, MR. SPEAKER, WE MAKE THAT IMPOSSIBLE THE INEVITABLE AGAIN AND RESTORE THAT HOPE AND OPPORTUNITY FOR SO MANY FAMILIES THAT JUST WANT A CHANCE AT THE AMERICAN DREAM. WE GIVE THEM THAT. LET'S PASS THIS TAX CUTS AND JOBS BILL TODAY. GET IT ON PRESIDENT TRUMP'S DESK SO WE CAN FINALLY SEE THIS ECONOMY GOING AGAIN. WHAT A GREAT CHRISTMAS PRESENT THIS IS GOING TO BE TO THE AMERICAN PEOPLE. I URGE EVERYBODY TO VOTE YES AND I YIELD BACK THE BALANCE OF MY TIME.

          Show Full Text
        • 12:54:15 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:54:17 PM

          MR. NEAL

          I WANT TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NEW JERSEY, CONGRESSMAN…

          I WANT TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NEW JERSEY, CONGRESSMAN PASS SCRELL.

          Show Full Text
        • 12:54:20 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM NEW JERSEY IS RIZZ -- PASS -- NEAL CONGRESSMAN PASCRELL.

        • 12:54:26 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM NEW JERSEY --

        • 12:54:29 PM

          MR. NEAL

          CONGRESSMAN PASCRELL.

        • 12:54:31 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM NEW JERSEY IS RECOGNIZED.

        • 12:54:35 PM

          MR. PASCRELL

          MANY OF YOU NEED COUNSELING IN ECONOMICS. LET'S KEEP IT SIMPLE. VERY…

          MANY OF YOU NEED COUNSELING IN ECONOMICS. LET'S KEEP IT SIMPLE. VERY SIMPLE. HOW ABOUT THAT COUPLE THAT WANTS TO SEND THEIR KIDS TO COLLEGE, PUT A SECOND MORTGAGE ON THEIR HOUSE. CAN'T DO THAT ANYMORE. CANNOT DO THAT. THAT'S NOT A MIDDLE CLASS LEGISLATION. THAT'S THE STICK IT TO THE MIDDLE CLASS. AND, MR. SPEAKER, THIS IS SERIOUS BUSINESS. I TELL YOU WHAT'S SIMPLE. IF YOU'RE BORN IN A FAMILY WITH AN ESTATE WORTH MORE THAN $11 MILLION, THIS REPUBLICAN CONGRESS IS COMING TO YOUR AID WITH A $3 MILLION AVERAGE WINDFALL. AND IF THIS CONGRESS STILL PRACTICED OVERSIGHT, WE WOULD KNOW FROM HIS TAX RETURNS THAT DONALD TRUMP AND HIS FAMILY WILL SEE CUTS WORTH MILLIONS OF DOLLARS PER FAMILY. THIS IS NOT GOOD POLICY, MR. SPEAKER. NOT AT ALL. AND IT IS DANGEROUS. I YIELD BACK.

          Show Full Text
        • 12:55:36 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 12:55:38 PM

          MR. BRADY

          MINUTE TO MY FELLOW TEXAN, MR. MARCHANT.

        • 12:55:46 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

        • 12:55:48 PM

          MR. MARCHANT

          THANK YOU, MR. CHAIRMAN, AND MR. SPEAKER. TODAY WE ARE KEEPING OUR PROMISE…

          THANK YOU, MR. CHAIRMAN, AND MR. SPEAKER. TODAY WE ARE KEEPING OUR PROMISE TO THE AMERICAN PEOPLE AND SENDING COMPREHENSIVE TAX REFORM TO THE PRESIDENT'S DESK FOR THE FIRST TIME IN 31 YEARS. LOWERING THE TAX RATES FOR MIDDLE INCOME FAMILIES AND PROVIDING A TAX CUT FOR EVERY INCOME LEVEL IN 2018 IS A VERY HISTORIC CHRISTMAS PRESENT DELIVERED TO MY CONSTITUENTS IN NORTH TEXAS. THIS YEAR OUR COUNTRY HAS, AFTER MANY LONG YEARS OF LOW GROWTH, BEGAN TO EXPERIENCE THE LEVEL OF GROWTH AND ECONOMY THAT IT NEEDS. THIS TAX CUT BILL WILL ASSURE AMERICANS YEARS OF SUSTAINED HIGH GROWTH AND NEW JOBS. MR. SPEAKER, JOB CREATORS AND INVESTORS KNOW THAT TAX -- THAT TAX CUTS -- THAT THE TAX CUTS AND JOBS ACT WILL CREATE LASTING ECONOMIC GROWTH AND A BOONING ECONOMY FOR EVERYONE. I URGE MY COLLEAGUES TO VOTE IN FAVOR OF THIS BILL AND DELIVER TAX RELIEF TO THE AMERICAN PEOPLE. I YIELD BACK.

          Show Full Text
        • 12:56:50 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 12:56:52 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. I WOULD LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN…

          THANK YOU, MR. SPEAKER. I WOULD LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NEW YORK, THE CHAIRMAN OF THE DEMOCRATIC CAUCUS AND A GOOD FRIEND AND FORMER MEMBER OF THE COMMITTEE, MR. CROWLEY.

          Show Full Text
        • 12:57:01 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM NEW YORK IS RECOGNIZED FOR ONE MINUTE.

        • 12:57:03 PM

          MR. CROWLEY

          MY COLLEAGUES, THE REPUBLICAN BILL IS UNAFFORDABLE. WITH A $2.3 TRILLION…

          MY COLLEAGUES, THE REPUBLICAN BILL IS UNAFFORDABLE. WITH A $2.3 TRILLION PRICE TAG. IT'S INEQUITABLE, COSTING WORKING FAMILIES MORE WHILE CUTTING TAXES BY $200,000 FOR THE TOP.1%. IT'S A SCAM AND THE AMERICAN PEOPLE KNOW IT. IS THIS BILL ABOUT HELPING PEOPLE WHO ARE LIVING PAYCHECK TO PAYCHECK? HELL NO. IS THIS BILL GOING TO BRING BACK JOBS AND LIFT UP THE MIDDLE CLASS? HELL NO. IS THIS BILL GOING TO MAKE LIFE BETTER FOR COPS, FIREFIGHTERS, NURSES, TRUCK DRIVERS, STUDENTS, VETERANS, TEACHERS AND SHIFT WORKERS? HELL NO. YOU KNOW WHO THIS BILL IS GOING TO HELP? CORPORATE SPECIAL INTERESTS. THE WEALTHIEST AMERICANS. AND, YES, THE TRUMP FAMILY. MY COLLEAGUES, IF IT LOOKS LIKE A SCAM, QUACKS LIKE A SCAM, IT IS A SCAM. CAN YOU VOTE FOR THIS BILL WITH A CLEAR CONSCIENCE? HELL NO YOU CAN'T.

          Show Full Text
        • 12:58:17 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN'S TIME HAS EXPIRED. MEMBERS ARE ADVISED TO USE PROPER…

          THE GENTLEMAN'S TIME HAS EXPIRED. MEMBERS ARE ADVISED TO USE PROPER DECORUM WHEN SPEAKING IN FRONT OF THE HOUSE. THE GENTLEMAN FROM TEXAS.

          Show Full Text
        • 12:58:29 PM

          MR. BRADY

          MR. SPEAKER, I'M REALLY PLEASED AND PROUD TO YIELD ONE MINUTE TO THE…

          MR. SPEAKER, I'M REALLY PLEASED AND PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NEW YORK, MR. REED.

          Show Full Text
        • 12:58:41 PM

          MR. REED

          ALL THE PEOPLE YOU REFERENCED IN THE MIDDLE CLASS, I SAY HELL YES THEY ARE…

          ALL THE PEOPLE YOU REFERENCED IN THE MIDDLE CLASS, I SAY HELL YES THEY ARE GOING TO BE HELPED BY THIS BILL. AND YOU KNOW WHAT THEY'RE GOING TO DO -- I WILL NOT YIELD. AND WHAT IT'S GOING TO DO IS IT'S GOING TO LET THEM KEEP THEIR MONEY IN THEIR POCKET THAT THEY EARNED. THE $1,600 FOR MY AVERAGE DISTRICT RESIDENT. IN MY DISTRICT. WHAT IT'S ALSO GOING TO DO, MR. SPEAKER, IS IT'S GOING TO CREATE JOBS. AND WHAT DOES A JOB DO FOR A PERSON? I WILL TELL YOU WHAT IT DOES. IT NOT ONLY PUTS MONEY IN THEIR POCKET, MR. SPEAKER, WE'RE GOING TO HAVE A NEW WAVE OF OPTIMISM. WE ARE GOING TO HAVE A NEW WAVE OF OPPORTUNITY WHERE PEOPLE WILL BE ABLE TO GO TO WORK, SOIL THEIR HANDS, AND EARN THEIR LIVELYHOOD, WHICH GIVES THEM DIGNITY, WHICH GIVES THEM PRIDE AND GIVES THEM HONOR. THIS IS A NEW DAY AMERICA AND WITH TAX REFORM AND TAX CUTS COMING, I SAY TO ALL MY COLLEAGUES, JOIN US TO STAND FOR THOSE HARDWORKING AMERICANS AND GIVE THEM THEIR MONEY AND ALLOW US TO GIVE HOPE AND OPPORTUNITY TO ALL OF THEM GOING FORWARD. WITH THAT I YIELD BACK.

          Show Full Text
        • 12:59:45 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO A MEMBER OF…

          THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO A MEMBER OF CHICAGO, CONGRESSMAN DAVIS.

          Show Full Text
        • 12:59:51 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM ILLINOIS IS RECOGNIZED FOR ONE MINUTE.

        • 12:59:54 PM

          MR. DAVIS

          MIDDLE CLASS FAMILIES WILL GET SHAFTED. 13 MILLION AMERICANS WILL LOSE…

          MIDDLE CLASS FAMILIES WILL GET SHAFTED. 13 MILLION AMERICANS WILL LOSE THEIR HEALTH COVERAGE AND PEOPLE WITH PRE-EXISTING CONDITIONS CAN FORGET IT. THEN THE WRITERS OF THIS BILL WILL BE COMING AFTER ENTITLEMENT PROGRAMS, AFTER MEDICAID, MEDICARE, SOCIAL SECURITY, S.S.I. WE'RE DOWN TO THE WIRE. AND NO MATTER WHAT IS SAID, THIS BILL RAISES THE DEBT, RAISES TAXES ON MIDDLE INCOME FAMILIES, AND PROVIDES WEALTHY INDIVIDUALS AND CORMINGSES WITH -- CORPORATIONS WITH BIG TAX CUTS THEY DON'T NEED. . IT'S A SAD DAY FOR MY DISTRICT. IT'S A SAD DAY FOR THE STATE OF ILLINOIS. AND IT'S A SAD DAY FOR THE UNITED STATES OF AMERICA. AND I WILL VOTE NO.

          Show Full Text
        • 01:00:58 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:01:00 PM

          MR. BRADY

          MR. SPEAKER, I'M SO PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NORTH…

          MR. SPEAKER, I'M SO PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NORTH CAROLINA,

          Show Full Text
        • 01:01:06 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM NORTH CAROLINA IS RECOGNIZED FOR ONE MINUTE.

        • 01:01:08 PM

          MR. HOLDING

          MR. SPEAKER, I'M PROUD TO BE HERE TODAY TO SUPPORT THIS MUCH NEEDED…

          MR. SPEAKER, I'M PROUD TO BE HERE TODAY TO SUPPORT THIS MUCH NEEDED OVERHAUL OF OUR BROKEN TAX CODE. THE STATUS QUO WE HAVE SEEN OVER THE PAST DECADE IS UNACCEPTABLE. AND THIS BILL WILL FINALLY PROVIDE MUCH NEEDED RELIEF TO WORKING FAMILIES AND PUT OUR ECONOMY BACK ON O THE PATH TO STABLE AND SUSTAINED GROWTH. THIS BILL RESTORES THE GLOBAL COMPETITIVENESS OF AMERICAN BUSINESSES BY LOWERING THE CORPORATE RATE, AND MOVING TOWARD A TERRITORIAL SYSTEM. FURTHER, H.R. 1 PROVIDES OUR SMALL BUSINESSES THE LOWEST TAX RATE IN A GENERATION, ENSURING THESE JOB CREATORS ARE ABLE TO REINVEST MORE OF THEIR HARD EARNED MONEY IN OUR FUTURE. INSTEAD OF HANDING OVER MORE OF THEIR MONEY TO THE GOVERNMENT, SMALL BUSINESSES CAN HIRE THAT EXTRA EMPLOYEE, OPEN THAT SECOND LOCATION, OR BUY THAT NEW PIECE OF MACHINERY OR LAB EQUIPMENT THAT THEY NEED TO TAKE THEM TO THE NEXT LEVEL BY PUTTING IN PLACE A TAX CODE THAT ENCOURAGES GROWTH AND REWARDS INVESTMENT PROJECTED TO BE OVER 10,000 NEW FULL-TIME JOBS CREATED IN MY STATE OF NORTH CAROLINA. I'M PROUD TO SUPPORT THIS TRANSFORMATIONAL BILL THAT WILL BOLSTER GROWTH AND INVESTMENT HERE AT HOME. LEVELING THE PLAYING FIELD FOR U.S. BUSINESSES. FURTHER, I LOOK FORWARD TO TIPPING TO WORK WITH MY COLLEAGUES TO ENSURE THAT AMERICANS ACROSS THE GLOBE HAVE A SIMILAR LEVEL PLAYING FIELD TO ASSIST -- THANK YOU, MR. SPEAKER. I YIELD BACK.

          Show Full Text
        • 01:02:27 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 01:02:29 PM

          MR. NEAL

          I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NEW YORK, FROM BUFFALO…

          I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM NEW YORK, FROM BUFFALO NEW YORK, CAPABLE MEMBER OF THE WAYS AND MEANS COMMITTEE, MR. HIGGINS, FOR ONE MINUTE.

          Show Full Text
        • 01:02:35 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM NEW YORK IS RECOGNIZED FOR ONE MINUTES.

        • 01:02:38 PM

          MR. HIGGINS

          RICH AND WEALTHY CORPORATE WINNERS OF THIS REPUBLICAN TAX SCAM LOVES…

          RICH AND WEALTHY CORPORATE WINNERS OF THIS REPUBLICAN TAX SCAM LOVES COMPANY. AND THEY JUST GOT THE COMPANY OF 14 UNITED STATES SENATORS WHO WILL PERSONALLY BENEFIT FROM A NEW 20% DEDUCTION FOR WEALTHY REAL ESTATE INVESTORS WITH NO EMPLOYEES TO PASS THAT BENEFIT ON TO. ONE SENATOR, WHO VOTED AGAINST THE BILL BEFORE HE ANNOUNCED HE WAS VOTING FOR IT, STANDS TO GAIN $7 MILLION ANNUALLY AND PERSONALLY. THE SENATOR SAID HE WAS UNAWARE OF THE PROVISION AND THAT HE DID NOT READ THE BILL. MR. SPEAKER, THE CONFERENCE COMMITTEE, THE RECONCILIATION PROCESS WAS TO NARROW THE DIFFERENCES BETWEEN THESE TWO BAD BILLS. NOT ADD NEW PROVISIONS THAT BENEFIT RICH SENATORS. THIS BAD BILL JUST TOOK A DRAMATIC AND POTENTIALLY ILLEGAL TURN THAT SHOULD BE FULLY INVESTIGATED BEFORE A VOTE IS TAKEN TODAY. I YIELD BACK.

          Show Full Text
        • 01:03:39 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:03:42 PM

          MR. BRADY

          MR. SPEAKER, AIM PROUD TO YIELD ONE MINUTE -- I'M PROUD TO YIELD ONE…

          MR. SPEAKER, AIM PROUD TO YIELD ONE MINUTE -- I'M PROUD TO YIELD ONE MINUTE TO THE MAJORITY LEADER OF THE HOUSE, THE GENTLEMAN FROM CALIFORNIA, MR. MCCARTHY.

          Show Full Text
        • 01:03:52 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR ONE MINUTE.

        • 01:04:00 PM

          MR. MCCARTHY

          I THANK THE GENTLEMAN FOR YIELDING. BEFORE I BEGIN I WANT TO THANK THE…

          I THANK THE GENTLEMAN FOR YIELDING. BEFORE I BEGIN I WANT TO THANK THE GENTLEMAN. TODAY WE WILL TAKE A FOR ONE VOTE THAT EVERY MEMBER ON THIS FLOOR WILL REMEMBER. THE COUNTRY WILL REMEMBER. AND NEXT YEAR WHEN PEOPLE CHECK THEIR CHECKS AND REALIZE THEY HAVE MORE MONEY, THEY WILL REMEMBER WHO VOTED FOR STATUS QUO AND WHO VOTED TO MAKE AMERICA COME BACK. I WANT TO THANK THE CHAIRMAN, KEVIN BRADY, FOR THAT WORK. MR. SPEAKER, A MONTH AGO WHEN THE HOUSE PASSED THE EARLIER VERSION OF THIS BILL I SAID THAT FOR ALL THE JOBLESS, FOR EVERYONE WHO HASN'T GOTTEN A RAISE IN YEARS, FOR THE PARENTS, FOR THE SMALL BUSINESS OWNERS, AND FOR ANYONE WHO EVER DREAMED OF BEING THAT ENTREPRENEUR AND A SMALL BUSINESS OWNER, WE HEARD YOU. THIS BILL IS THE START OF YOUR COMEBACK. WHEN THEY WIN, THAT'S THE START OF AMERICA'S COMEBACK. OUR COUNTRY HAS FACED SOME TOUGH TIMES. I DON'T HAVE TO TELL YOU ABOUT THAT. FOR TOO LONG YEAR AFTER YEAR, MORE AND MORE AMERICANS GAVE UP HOPE. THEY WERE OUT OF WORK. OR MAYBE THEY HAD A JOB THEY COULD NOT SEE PAST THE NEXT MONTH OR EVEN THE NEXT WEEK. THEY WATCHED FACTORIES AND BUSINESSES CLOSE UP SHOP AND MOVE OUT. EVEN MOVING OUT OF THE COUNTRY. NOBODY WANTS TO SEE THEIR COMMUNITIES HOLLOWED OUT. NOBODY WANTS TO FEEL LIKE THEY LIVE IN A NATION IN DECLINE. THAT'S NOT WHO AMERICANS ARE. FRANKLY, MR. SPEAKER, WE'RE NOT A COUNTRY THAT GIVES UP ON HOPE. THIS LEGISLATION AND THE REPUBLICAN PARTY'S ENTIRE ECONOMIC PLAN, THEY ARE GIVING PEOPLE HOPE. YOU CAN SEE IT IN THE STOCK MARKET. FOR EVERY AMERICAN WHO VESTS THEIR RETIREMENT IN A 401-K, 84 TIMES IT SET A NEW RECORD SINCE LAST YEAR'S ELECTION ALONE. YOU CAN SEE IT IN THE COMPANIES LIKE BROADCOM. THEY WERE A COMPANY CREATED IN AMERICA. BUT THEY ARE NOT DOMICILED HERE TODAY. THEY MOVED TO SINGAPORE SIMPLY OVER OUR TAX CODE. SO FOR THOSE WHO WANT THE STATUS QUO AND WANT TO KEEP BROADCOM IN ANOTHER COUNTRY, GO AHEAD AND VOTE NO. FOR THOSE WHO BELIEVE IN THE HOPE OF THIS COUNTRY, EVEN GREATER, LOOKING AT THIS BILL, BROADCOM SAID THEY ARE COMING BACK TO AMERICA. MR. SPEAKER, YOU KNOW WHAT THAT MEANS? $20 BILLION IN REVENUE IN JUST A YEAR. THAT MEANS $3 BILLION EVERY YEAR INVESTED IN R&D. $6 BILLION EVERY YEAR INVESTED IN MANUFACTURING. THOSE ARE JOBS WE ALL DREAM ABOUT. THE ACTION OF THIS BILL IS MAKING IT HAPPEN. YOU CAN SEE IT IN THE FACES OF FAMILIES WHO LEARN THAT NEXT YEAR THOUSANDS OF DOLLARS THAT THEY EARNED WON'T GO STRAIGHT TO WASHINGTON, WILL STAY AT HOME. THIS IS ALL IN AN ENVIRONMENT OF DISINFORMATION AND FEAR MONGERING. I HAVE SEEN WHAT HAS BEEN SAID. TO ME, IT'S ABSURD. MR. SPEAKER, LEADER PELOSI SAID THAT THIS BILL WAS, AND I QUOTE, ARMAGEDDON. AND QUOTE, THE END OF THE WORLD. MR. SPEAKER, I LISTENED A GREAT DEAL TO WHAT MY COUNTERPART ON THE OTHER SIDE, THE MINORITY LEADER, HAS SAID. AND I HAVE READ WHEN "THE WASHINGTON POST" ANALYZED WHAT SHE HAD SAID. NOW, WHEN YOU SAY SOMETHING THAT COULD BE A LITTLE OFF AND DON'T HAVE ALL THE INFORMATION, THEY HAVE THIS RATING FOR YOU. SHE'S HAD A RATING ON THIS. SHE DID NOT GET ONE PINOCCHIO. SHE DID NOT EVEN GET TWO. SHE DIDN'T EVEN GET THE EXTREME OF THREE. SHE GOT THE MOST PINOCCHIOS YOU CAN SAY WHEN IT'S TOTALLY FALSE, FOUR. FOR HER CONVERSATION ABOUT THIS BILL. MR. SPEAKER, IN SUCH TIMES WHEN THE OTHER SIDE WILL SAY ANYTHING TO WIN THEIR POLITICAL POLITICAL GAME, I RECOMMEND THE FOLKS ACTUALLY LOOK AT THE BILL. DOUBLING THE STANDARD DEDUCTION. LOWERING RATES. SIMPLY FILING THE CODE SO YOU DON'T SPEND WEEKS, YOU SPEND MINUTES. DOUBLING THE CHILD TAX CREDIT. ENDING THE INDIVIDUAL MANDATE. LOWERING TAXES ON SMALL BUSINESSES TO THE LOWEST IT'S BEEN IN 40 YEARS. CREATING INCENTIVES FOR BUSINESS TO INVEST AND HIRE. THAT'S NOT A RECIPE FOR ARMAGEDDON. THAT'S A HOPE FOR A NATION TO COME BACK. THE AMERICAN PEOPLE SEE THROUGH ALL THIS RHETORIC. AND THEY ARE GOING TO FEEL IT NEXT YEAR WHEN THEY CHECK THEIR PAYCHECKS. AND THEY SEE THEY KEEP MORE MONEY BECAUSE OF THE VOTE TODAY. THEY ARE GOING TO FEEL IT NEXT YEAR AND THE YEARS AFTER, AND WHEN THEY GET THAT RAISE THEY HAVE BEEN WAITING FOR, THEY ARE GOING TO FEEL IT MORE AND MORE, COMPANIES ANNOUNCING COMING BACK HOME. THEY ARE BRINGING JOBS RIGHT BACK TO THE U.S.A. THEY ARE GOING TO FEEL IT WHEN WE START LOOKING TO THE FUTURE NOT WITH FEAR BUT WITH HOPE. I WON'T ACCEPT THE STATUS QUO. THERE WILL BE SOME IN THIS BODY THAT WILL VOTE FOR THE STATUS QUO. I WON'T ACCEPT FAILURE. I DO NOT BELIEVE ANYBODY IN THIS BODY WAS ELECTED TO PRESIDE OVER AMERICA'S DECLINE. I RECENTLY WAS OVERSEAS. AND I WAS SITTING AT A DINNER TABLE WITH SOME ELECTED LEADERS FROM OTHER COUNTRIES, SOME AMERICANS WHO ARE WORKING IN OTHER COUNTRIES, AND I ASKED THEM, WHAT IS THE IMPRESSION OF WHAT'S HAPPENING IN AMERICA TODAY? AND I THOUGHT, THE REPORTS I WOULD GET WOULD BE A LITTLE DIFFERENT. YOU KNOW WHAT THEY SAID TO ME? THEY SAID, AMERICA IS BACK. YOU ARE NOW TACKLING BIG ITEMS AGAIN. NOT ONLY ARE YOU GOING TO LEAD YOUR OWN COUNTRY, BUT YOU WILL HELP AGAIN LEAD THE WORLD. THEY WERE FEARFUL OF THE COMPETITION OF RISING AMERICA ONE MORE TIME. SO DON'T VOTE FOR STATUS QUO. VOTE FOR A TAX CUT. VOTE FOR REFORM. DON'T VOTE BECAUSE SOME LEADER WHIPPED YOU AND INTIMIDATED YOU. VOTE FOR YOUR CONSTITUENTS. VOTE FOR YOUR COUNTRY. AND VOTE TO RAISE THE PAYCHECKS OF AMERICA. I YIELD BACK.

          Show Full Text
        • 01:11:17 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 01:11:18 PM

          MR. NEAL

          MR. SPEAKER, THE STOCK MARKET'S BEEN GOING UP WHIPPED YOU AND SINCE MARCH…

          MR. SPEAKER, THE STOCK MARKET'S BEEN GOING UP WHIPPED YOU AND SINCE MARCH OF 2009. WE HAVE HAD 88 STRAIGHT MONTHS OF ECONOMIC GROWTH. I YIELD ONE MINUTE TO THE GENTLELADY FROM ALABAMA, CONGRESSWOMAN SEWELL.

          Show Full Text
        • 01:11:29 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLELADY FROM ALABAMA IS RECOGNIZED FOR ONE MINUTE.

        • 01:11:33 PM

          MS. SEWELL

          MR. SPEAKER, THE REPUBLICAN MAJORITY IS RAMMING THIS TAX BILL THROUGH…

          MR. SPEAKER, THE REPUBLICAN MAJORITY IS RAMMING THIS TAX BILL THROUGH CALLING IT A, QUOTE, CHRISTMAS GIFT TO THE AMERICAN PEOPLE. I HAVE NEVER SEEN SUCH INTELLECTUAL DISHONESTY IN MY LIFE. IT'S MORE LIKE THE GRINCH THAT STOLE CHRISTMAS. POLL AFTER POLL, AND ELECTIONS IN VIRGINIA AND MY HOME STATE OF ALABAMA, THE AMERICAN PEOPLE CONTINUE TO SEND THE MESSAGE THEY DO NOT WANT THIS TAX BILL TO MOVE FORWARD. HERE WE'RE WATCHING THE FISCAL HAWKS OF THE REPUBLICAN PARTY BLOW THROUGH EVERY RED LIGHT ON THE WAY OFF THE CLIFF ADDING $1.5 TRILLION TO THE DEFICIT. WHAT'S THE RUSH, I ASK YOU? LAST WEEK THE AMERICAN PEOPLE IN MY HOME STATE OF ALABAMA SPOKE UP AND SPOKE OUT. WE DESERVE TO HAVE OUR DULY ELECTED SENATOR TO VOTE ON THIS BILL. WHAT'S THE RUSH? NOT ONE HEARING. NOT ONE EXPERT TESTIFYING. AND NO REGULAR ORDER. I ASK YOU, MR. SPEAKER, WHAT IS THE RUSH? I BELIEVE THE RUSH IS BECAUSE THEY KNOW THIS IS NOT A TAX REFORM. IT'S A TAX SHAM. THE AMERICAN PEOPLE DESERVE BETTER. MY CONSTITUENTS FROM ALABAMA DESERVE BETTER. WE SHOULD HE VOTE NO ON THIS TAX BILL.

          Show Full Text
        • 01:12:47 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:12:48 PM

          MR. BRADY

          MR. SPEAKER, I'M PROUD TO YIELD ONE MINUTE TO THE SECRETARY OF THE…

          MR. SPEAKER, I'M PROUD TO YIELD ONE MINUTE TO THE SECRETARY OF THE REPUBLICAN CONFERENCE, MR. SMITH OF MISSOURI.

          Show Full Text
        • 01:12:54 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MISSOURI IS RECOGNIZED FOR ONE MINUTE.

        • 01:12:57 PM

          MR. SMITH

          MINUTE.

        • 01:14:05 PM

          THE SPEAKER PRO TEMPORE

          THANK YOU. THE SPEAKER PRO TEMPORE: THE GENTLEMAN FROM MASSACHUSETTS.

        • 01:14:10 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. WITH THAT I WOULD LIKE TO YIELD ONE MINUTE TO THE…

          THANK YOU, MR. SPEAKER. WITH THAT I WOULD LIKE TO YIELD ONE MINUTE TO THE VERY SUCCESSFUL GENTLELADY FROM WASHINGTON, CONGRESSWOMAN DELBENE.

          Show Full Text
        • 01:14:19 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLELADY FROM WASHINGTON IS RECOGNIZED FOR ONE MINUTE.

        • 01:14:22 PM

          MS.DELBENE

          THANK YOU, MR. SPEAKER. IN THIS TAX BILL REPUBLICANS HAVE GIFTED THE…

          THANK YOU, MR. SPEAKER. IN THIS TAX BILL REPUBLICANS HAVE GIFTED THE WEALTHIEST CORPORATIONS AND INDIVIDUALS WITH MASSIVE NEW TAX CUTS AND LOOPHOLES TO TAKE ADVANTAGE OF. WHEN I GO HOME TO MY DISTRICT, THERE ISN'T A MOTHER WORKING TWO JOBS TO PUT FOOD ON THE TABLE OR A FARMER STRUGGLING THROUGH A BAD YEAR. OR A SENIOR TRYING TO PAY FOR A PRESCRIPTION WHO HAS EVER TOLD ME THAT TAX REFORM MEANS CORPORATE CUTS ON THE BACKS OF THEM AND THEIR FAMILIES. TO PAY THEY KNOW REPUBLICANS ALWAYS PROMISE THAT THE BENEFITS WILL TRICKLE DOWN TO WORKING PEOPLE. BUT THEY NEVER DO AND THEY NEVER WILL. WHAT'S WORSE, REPUBLICANS HAVE MADE IT CLEAR THAT CUTS TO SOCIAL SECURITY, MEDICARE AND MEDICAID ARE NEXT. THIS BILL TAKES CARE OF CORPORATE SPECIAL INTERESTS, THE WEALTHY AND THE WELL-CONNECTED, WHILE PUTTING MIDDLE CLASS AMERICANS' FINANCES AND HEALTH CARE ON THE CHOPPING BLOCK. WE NEED TAX REFORM THAT HELPS MIDDLE CLASS FAMILIES. THIS BILL DOES THE EXACT OPPOSITE. I URGE MY COLLEAGUES TO OPPOSE IT. AND I YIELD BACK.

          Show Full Text
        • 01:15:36 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:15:38 PM

          MR. BRADY

          REALLY PROUD TO YIELD ONE MINUTE TO THE GENTLELADY FROM INDIANA,

        • 01:15:43 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLELADY FROM INDIANA IS RECOGNIZED FOR ONE MINUTE.

        • 01:15:45 PM

          MRS. WALORSKI

          THANK YOU, MR. SPEAKER. I RISE IN STRONG SUPPORT TODAY OF H.R. 1, THE TAX…

          THANK YOU, MR. SPEAKER. I RISE IN STRONG SUPPORT TODAY OF H.R. 1, THE TAX CUTS AND JOBS ACT. IF YOU BELIEVE THE RHETORIC YOU HEAR, YOU MAY THINK THIS BILL MEANS THE WORLD IS ENDING. I GUARANTEE YOU, IT'S NOT. THE TRUTH IS THIS TAX CUT BILL MEANS A BRIGHTER FUTURE FOR THE HARDWORKING PEOPLE AND HARDWORKING AMERICANS WHO WILL HAVE MORE MONEY IN THEIR POCKETS AND A BETTER SHOT AT THE AMERICAN DREAM. HERE'S THE FACTS. WE'RE CUTTING TAXES FOR AMERICANS AT ALL INCOME LEVELS. WE'RE DOUBLING THE STANDARD DEDUCTION. WE'RE DOUBLING THE CHILD TAX CREDIT. AND PRESERVING THE ADOPTION TAX CREDIT. WE'RE KEEPING DEDUCTIONS FOR CHARITABLE GIVING, MORTGAGE INTEREST, MEDICAL EXPENSES, AND STUDENT LOAN INTEREST. WE'RE APPROVING 529 EDUCATION PLANS AND LEAVING RETIREMENT SAVINGS ALONE. PEOPLE WILL BE ABLE TO KEEP MORE OF THEIR MONEY THEY EARN AND SPEND LESS TIME FILING THEIR TAXES. MR. SPEAKER, THIS ISN'T JUST A GOOD BILL, THIS IS A GREAT BILL. THIS ISN'T THE APOCALYPSE. IT'S A NEW DAY IN AMERICA. I URGE MY COLLEAGUES TO MAKE HISTORY AND SUPPORT THIS MOMENT US BILL AND I -- MOMENT -- MOMENT US BILL AND I YIELD -- MOMENTUS BILL AND I YIELD BACK.

          Show Full Text
        • 01:16:52 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 01:16:54 PM

          MR. NEAL

          LET ME INTRODUCE THE GENTLELADY FROM CALIFORNIA, THE FORMER REVENUE…

          LET ME INTRODUCE THE GENTLELADY FROM CALIFORNIA, THE FORMER REVENUE COMMISSIONER FOR THE STATE OF CALIFORNIA, WHICH IS GOING TO TELL US ABOUT THE STATE AND LOCAL TAX DEDUCTION ENDING. CONGRESSWOMAN CHU FOR ONE MINUTE.

          Show Full Text
        • 01:17:02 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLELADY FROM CALIFORNIA IS RECOGNIZED FOR ONE MINUTE.

        • 01:17:05 PM

          MS. CHU

          WE WERE PROMISED A MIDDLE CLASS TAX CUT. THIS IS NOT IT. WHAT WE HAVE…

          WE WERE PROMISED A MIDDLE CLASS TAX CUT. THIS IS NOT IT. WHAT WE HAVE INSTEAD ARE TAX CUTS FOR THE WEALTHIEST, PAID FOR BY THE REST. SO WHAT HAPPENED? MAYBE TRUMP THINKS MULTIMILLIONAIRES ARE THE MIDDLE CLASS. OR MAYBE THIS IS ALL A TAX SCAM. TO SEE HOW WORKING FAMILIES WILL PAY FOR CORPORATE INTERESTS, ALL YOU HAVE TO DO IS READ THE BILL. HARD TO DO BECAUSE IT WAS WRIT OVERNIGHT BEHIND CLOSED -- WRITTEN OVERNIGHT BEHIND CLOSED DOORS. TAX CUTS, THEY REDUCE THE TAX RATE FOR THE WEALTHIEST FROM 39.6% TO 37%. STATE AND LOCAL TAXES, THEY CAP THE DEDUCTION TO JUST 10DS,000. BUT IN MY STATE OF CALIFORNIA, -- $10,000. BUT IN MY STATE OF CALIFORNIA, THE AVERAGE DEDUCTION IS $18,500. MEANING FAMILIES WILL BE FORCED TO PAY TAXES NOW ON TWICE THEIR INCOME IN ORDER TO GIVE A STAGGERING TAX BREAK TO CORPORATIONS. SO HEAR THIS. 83% OF THE BENEFITS OF THIS BILL GOES TO THE TOP 1%. WHO GETS CUT? SENIORS, FAMILIES, CHILDREN. IS THIS THE RIGHT THING TO DO? THE ANSWER IS A RESOUNDING NO.

          Show Full Text
        • 01:18:12 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS, WITH 9 1/2 MINUTES REMAINING.

        • 01:18:15 PM

          MR. BRADY

          THANK YOU, MR. SPEAKER. PROUD TO INTRODUCE -- YIELD ONE MINUTE TO THE…

          THANK YOU, MR. SPEAKER. PROUD TO INTRODUCE -- YIELD ONE MINUTE TO THE GENTLEMAN FROM MICHIGAN, MR. BISHOP.

          Show Full Text
        • 01:18:20 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE MINUTE.

        • 01:18:22 PM

          MR. BISHOP

          THANK YOU, MR. SPEAKER. I RISE IN SUPPORT OF THE TAX CUTS AND JOBS ACT…

          THANK YOU, MR. SPEAKER. I RISE IN SUPPORT OF THE TAX CUTS AND JOBS ACT TODAY. AT ITS CORE, REFORMING OUR NATION'S TAX CODE IS ABOUT HOW WE, THE POLICYMAKERS, VIEW THE RULE OF GOVERNMENT IN ECONOMY AND SOCIETY. OVER THE PAST 10 YEARS, THE AMERICAN PEOPLE HAVE SEEN A STAGNANT ECONOMY AND A STEADY DECLINE IN LABOR FORCE PARTICIPATION. MEANWHILE, THE GOVERNMENT HAS GROWN TO AN UNPRECEDENTED LEVEL, THE ECONOMY HAS SLOWED AND OUR DEBT IS NEARLY TRIPLED -- HAS NEARLY TRIPLED. ALL THE WHILE GOVERNMENTS HAVE GIVEN AWAY SWEETHEART DEALS TO SELECT COMPANIES, LEAVING MAIN STREET JOB PROVIDERS TO HOLD THE BAG. BUT ALL OF THAT ENDS TODAY. TODAY WE REDUCE THE BURDEN ON JOB CREATORS AND FAMILIES AND TODAY WE CREATE AN ENVIRONMENT THAT WILL GENERATE REAL ECONOMIC GROWTH. THE CONFERENCE COMMITTEE REPORT BEFORE US TODAY IS ABOUT OUR CONSTITUENT, ABOUT ALLOWING OUR CONSTITUENTS AND NEIGHBORS TO KEEP MORE OF THEIR HRD AN EARNED -- HARD-EARNED MONEY. WE DOUBLE THE STANDARD DEDUCTION WHICH MEANS JOINT FILERS, THE FIRST $24,000 OF THEIR INCOME IS FREE FROM FEDERAL INCOME TAX LIABILITY. THAT'S REAL MONEY BACK IN THE POCKETS OF WORKING CLASS FAMILIES ACROSS AMERICA. THE PLAN EXPANDS -- EXPANDS THE CHILD TAX CREDIT TO $2,000 PER CHILD, TO HELP FAMILIES WITH THE COST OF RAISING CHILDREN. FOR STUDENTS STRUGGLING WITH DEBT, THE BILL PRESERVES A STUDENT LOAN INTEREST DEDUCTION AND GRADUATE STUDENTS WILL CONTINUE TO RECEIVE TUITION TAX WAIVERS.

          Show Full Text
        • 01:19:42 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN'S TIME HAS EXPIRED.

        • 01:19:44 PM

          MR. BISHOP

          I THANK YOU AND YIELD BACK.

        • 01:19:46 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 01:19:48 PM

          MR. NEAL

          I WANT TO YIELD 30 SECONDS TO THE GENTLELADY FROM NEW YORK, CONGRESSWOMAN…

          I WANT TO YIELD 30 SECONDS TO THE GENTLELADY FROM NEW YORK, CONGRESSWOMAN VELAZQUEZ, WHO WILL TELL US ABOUT THE GREAT HARM THIS DOES TO NEW YORK AND THE ISLAND OF PUERTO RICO.

          Show Full Text
        • 01:19:54 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLELADY FROM NEW YORK IS RECOGNIZED FOR 30 SECONDS.

        • 01:19:57 PM

          MS. VELAZQUEZ

          THANK YOU, MR. SPEAKER. MEMBERS OF THANK YOU, MR. SPEAKER. MEMBERS OF…

          THANK YOU, MR. SPEAKER. MEMBERS OF THANK YOU, MR. SPEAKER. MEMBERS OF CONGRESS ON BOTH SIDES OF THE AISLE, INCLUDING THE REPUBLICAN LEADERSHIP, WENT TO PUERTO RICO. THEY LOOKED THE PUERTO RICAN PEOPLE IN THE EYE AND PROMISED TO HELP. THIS BILL BETRAYS THAT PROMISE. IT TREATS PUERTO RICO AS A FOREIGN JURISDICTION, LESKYING NEW TAXES ON COMPANIES OPERATING THERE. CREATING INTENDTIFICS FOR THEM TO LEAVE THE ISLAND. ALL TOLD, THIS PROVISION WILL COST PUERTO RICO MORE THAN $2 -- 200,000 JOBS. THAT IS HOW YOU HELP PUERTO RICO? THIS BILL IS MORALLY BANKRUPT IT. HARMS AMERICAN CITIZENS EVERYWHERE, AND ESPECIALLY THE 3.5 MILLION CITIZENS IN PUERTO RICO. I YIELD BACK. VOTE. NO

          Show Full Text
        • 01:20:46 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:20:48 PM

          MR. BRADY

          THANK YOU, MR. SPEAKER. VERY PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN…

          THANK YOU, MR. SPEAKER. VERY PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN FROM ARIZONA, MR. SCHWEIKERT.

          Show Full Text
        • 01:20:51 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM ARIZONA IS RECOGNIZED FOR ONE MINUTE.

        • 01:20:54 PM

          MR. SCHWEIKERT

          THANK YOU, MR. SPEAKER. AND MR. CHAIRMAN. LOOK, I'M GOING TO GIVE EVERYONE…

          THANK YOU, MR. SPEAKER. AND MR. CHAIRMAN. LOOK, I'M GOING TO GIVE EVERYONE A SLIGHTLY DIFFERENT VIEW. THERE WAS AN INTERESTING EDITORIAL THIS WEEKEND IN THE "WALL STREET JOURNAL" AND IT BASICALLY SAID, HEY, THOSE ON THE LEFT LOOK AT INCOME INEQUALITY. THOSE ON THE RIGHT WE LOOK AT ECONOMIC EXPANSION. ECONOMIC GROWTH. THEY'RE BOTH HONORABLE. BUT IF YOU ACTUALLY LOOK AT THE DATA OF THE LAST 10 YEARS, AND OUR OWN C.B.O. PROJECTIONS OF THE NEXT 10 YEARS, 1.8 -- 1.8% G.D.P., WE'RE IN INCREDIBLE TROUBLE. BECAUSE YOU LOOK AT WHAT HAPPENS WHEN YOU HAVE INTEREST THIS FLAT-LINED ECONOMIC EXPANSION GROWTH, INCOME INEQUALITY GETS DRAMATICALLY WORSE. YOU LOOK AT THE CHARTS WHEN WE'VE HAD TIME OF ECONOMIC GROWTH, IT CLOSES. EVERYONE GETS A BETTER CHANCE. AND IF YOU ACTUALLY DO CARE ABOUT THE PROMISES WE AS A GOVERNMENT HAVE MADE TO RETIREE, WORKING PEOPLE, VETERANS, YOUNG PEOPLE, WE WILL NOT HAVE THE RESOURCES IF WE CONTINUE FOR THE NEXT 30 YEARS, AS OUR OWN C.B.O. SAYS, OF $1 -- 1.8% GROWTH. STATUS QUO IS DEVASTATING. I YIELD BACK.

          Show Full Text
        • 01:22:04 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 01:22:06 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. LET ME YIELD TWO MINUTES TO THE GENTLEMAN FROM…

          THANK YOU, MR. SPEAKER. LET ME YIELD TWO MINUTES TO THE GENTLEMAN FROM SOUTH CAROLINA, THE ASSISTANT DEMOCRATIC LEADER, MR. CLYBURN.

          Show Full Text
        • 01:22:11 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM SOUTH CAROLINA IS RECOGNIZED FOR TWO MINUTES.

        • 01:22:14 PM

          MR. CLYBURN

          THANK YOU, MR. SPEAKER. I THANK MY FRIEND FOR YIELDING ME THIS TIME. MR.…

          THANK YOU, MR. SPEAKER. I THANK MY FRIEND FOR YIELDING ME THIS TIME. MR. SPEAKER, I RISE IN STRONG OPPOSITION TO THE RYAN-MCCONNELL TAX SCAM BILL. THIS BILL SHOULD BE NAMED THE REPUBLICAN DONOR CLASS RELIEF ACT. BECAUSE THAT'S WHAT IT IS. AND SEVERAL MY REPUBLICAN COLLEAGUES AND MANY IN THE MEDIA HAVE ADMITTED AS MUCH. THIS TAX SCAM REPRESENTS -- IT WILL TEST A SET OF PRIORITIES, REVEALING DEEP DEPRAVITY OF AMERICAN VALUES. ONE OF THE FIRST PRINCIPLES OF OUR JUDEO-CHRISTIAN VALUE SYSTEM IS GROUNDED IN WHAT WE DO FOR THE LEAST OF THESE. FROM THE OUTSET, THIS BILL VIOLATES THAT PRINCIPLE BY LOWERING THE MARGINAL TAX RATES ON THE WEALTHIEST AMONG US BY 2.6 APPOINTMENTS WHILE RAISING THOSE RATES ON THE LEAST AMONG US BY TWO POINTS. THIS TAX SCAM BILL ADDS INSULT TO THAT ACT BY DOUBLING THE ESTATE TAX EXEMPTION FROM 11 -- $11 MILLION TO $22 MILLION. REPUBLICANS ADD FURTHER INSULT TO INJURY BY LOWERING THE TAX RATES FOR CORPORATIONS BY 14 POINTS, WHILE RAISING TAX RATES ON 86 MILLION MIDDLE INCOME FAMILIES. IT MAKES THE TAX CUTS FOR CORPORATIONS PERMANENT AND THE MINISCULE INDIVIDUAL CUTS TEMPORARY. WHILE ALSO KICKING 13 MILLION PEOPLE OFF THEIR HEALTH INSURANCE AND INCREASING PREMIUMS FOR MILLIONS MORE. THE TAX SCAM CAPS DEDUCTIONS FOR STATE AND LOCAL TAXES AND HOME MORTGAGES AND ADDS OVER 2DS TRILLION TO THE DEFICIT -- $2 TRILLION TO THE DEFICIT. OUR CHILDREN AND GRANDCHILDREN WILL BE LEFT WITH THE BILL. MR. SPEAKER, HEFTRY WILL NOT TREAT KINDLY THE CRASS CRUELTY OF THE SO-CALLED CHRISTMAS GIFT FOR HARDWORKING AMERICANS. I YIELD BACK.

          Show Full Text
        • 01:24:20 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:24:22 PM

          MR. BRADY

          MR. SPEAKER, I'M REALLY PREECED -- PLEASED TO YIELD ONE MINUTE TO THE…

          MR. SPEAKER, I'M REALLY PREECED -- PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM PENNSYLVANIA, MR. ROTHFUS.

          Show Full Text
        • 01:24:27 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE MINUTE.

        • 01:24:30 PM

          MR. ROTHFUS

          MR. SPEAKER, I RISE IN SUPPORT OF THE TAX CUTS AND JOBS ABILITY. TODAY WE…

          MR. SPEAKER, I RISE IN SUPPORT OF THE TAX CUTS AND JOBS ABILITY. TODAY WE MOVE FROM A -- AWAY FROM TRICKLE-DOWN GOVERNMENT REDISTRIBUTION ECONOMY TO ONE THAT IS BOTTOM-UP ORGANIC AND GROWING. WHILE THE TRICKLE-DOWN GOVERNMENT OF THE LAST EIGHT YEARS WAS GREAT FOR WASHINGTON AND THE 1%, IT DID LITTLE FOR THE REST OF THE COUNTRY. TODAY WE TURN THE TIDE AND PUT MONEY BACK INTO THE POCKETS OF HARDWORKING TAXPAYERS AND MAIN STREET BUSINESSES. THIS BILL GIVES IMMEDIATE RELIEF TO MODERATE INCOME AND MIDDLE CLASS FAMILIES. A SINGLE MOM EARNING 41,000 DOLLARS WITH ONE KID WILL SEE A TAX CUT OF $1,300 WHILE A FAMILY OF FOUR MAKING $73,000 WILL GET MORE THAN $2,000 BACK. THE QUESTION IS, WILL WE VOTE TOGETHER AND PUT THIS MONEY BACK INTO THE POCKETS OF HARDWORKING AMERICANS OR WILL WE KEEP THAT MONEY HERE IN WEALTHY WASHINGTON, D.C.? WILL WE VOTE TOGETHER TO LEVEL THE GLOBAL PLAYING FIELD FOR AMERICA'S BUSINESSES AND END THE UNFAIR STATUS QUO THAT SENDS AMERICAN COMPANIES AND JOBS OVERSEAS? IT'S AN EASY CHOICE, MR. SPEAKER. VOTE YES ON THIS BILL AND LET'S MAKE AMERICA PROSPEROUS AGAIN.

          Show Full Text
        • 01:25:32 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 01:25:33 PM

          MR. NEAL

          THANK YOU, MR. SPEAKER. ALWAYS AN HONOR TO INTRODUCE THE GENTLELADY FROM…

          THANK YOU, MR. SPEAKER. ALWAYS AN HONOR TO INTRODUCE THE GENTLELADY FROM CALIFORNIA, THE DEMOCRATIC LEADER,

          Show Full Text
        • 01:25:39 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR ONE MINUTE.

        • 01:25:41 PM

          MS. PELOSI

          THANK YOU VERY MUCH, MR. SPEAKER. I THANK THE GENTLEMAN FOR YIELDING AND…

          THANK YOU VERY MUCH, MR. SPEAKER. I THANK THE GENTLEMAN FOR YIELDING AND SALUTE HIM FOR HIS EXTRAORDINARY LEADERSHIP IN BEING A CHAMPION FOR AMERICA'S WORKING FAMILIES. I COMMEND HIM AND THE DEMOCRATIC MEMBERS OF THE HOUSE WAYS AND MEANS COMMITTEE. FOR PUTTING FORTH THE FACTS ON WHAT IS IN THIS BILL. MR. SPEAKER, TODAY WE CHOOSE WHAT KIND OF COUNTRY AMERICA WILL BE. ONE THAT CHAMPIONS THE LADDERS OF OPPORTUNITY FOR ALL, OR ONE THAT REINFORCES THE POWER OF THE WEALTHIEST AND WELL-CONNECTED. OUTSIDE THE CONGRESS, THE AMERICAN PEOPLE HAVE ALREADY MADE THEIR DECISION. POLLING SHOWS THAT AMERICANS OPPOSE THE G.O.P. TAX SCAM BY A MARGIN OF TWO TO ONE. HARDWORKING FAMILIES SEE RIGHT THROUGH THE BRAZEN CON JOB REPUBLICANS ARE TRYING TO SELL THEM. SO WHY AREN'T OUR REPUBLICAN COLLEAGUES STANDING WITH THEIR CONSTITUENTS? WHY AREN'T THEY JOINING US INSISTING ON A BETTER DEAL FOR AMERICAN FAMILIES? WHY AREN'T THEY JOINING US ON-DEMANDING THAT WE WRITE REAL BIPARTISAN TAX REFORM THAT PUTS THE MIDDLE CLASS FIRST? BECAUSE HELPING THE MIDDLE CLASS HAS NEVER BEEN THEIR GOAL. FROM DAY ONE, THE DONORS, LOBBYISTS AND THE WEALTHY AND WELL-CONNECTED CAME FIRST. THE FRANKENSTEIN MONSTER OF GIVEAWAYS AND SPECIAL INTEREST LOOPHOLES WE'RE VOTING ON TODAY PROVES -- AND THIS MONSTER WILL COME BACK TO HAUNT THEM. AS FRANKENSTEIN DID. REPUBLICANS CLAIM THAT THEIR BILL IS A MIDDLE CLASS TAX CUT. THE FACT IS, ACCORDING TO THE TAX POLICY CENTER, THEIR BILL RAISES TAXES ON 86 MILLION MIDDLE CLASS HOUSEHOLDS. WHEN "THE WASHINGTON POST" ASKED EDWARD CONBART, FORMER CHIEF OF STAFF FOR THE JOINT COMMITTEE ON TAXATION, IF THE TAX PACKAGE IN AGGREGATE WOULD MEAN A MIDDLE CLASS TAX CUT, HE SAID, THAT'S DELUSIONAL OR DISHONEST TO SAY. IT IS FACTUALLY UNTRUE. THE ONLY GROUP YOU CAN POINT TO THAT WINS YEAR AFTER YEAR AND WINS IN VERY LARGE MAGNITUDE IS THE VERY HIGHEST INCOME. JOINT COMMITTEE ON TAXATION, FORMER CHIEF OF STAFF. THE ONLY GREATER DELUSION IN THIS BILL IS THE LUDICROUS REPUBLICAN INSISTENCE, THEIR CLAIM THAT THESE GIVEAWAYS TO THE WEALTHIEST WILL PAY FOR THEMSELVES. AS BRUCE BARTLETT HAS TESTIFIED IN OUR HEARING AND IN PUBLIC, BRUCE BARTLETT IS THE ARCHITECT OF JACK KEMP SUPPLY-SIDE ECONOMICS, HE SAID, WHEN IT COMES TO TAX BREAKS FOR THE WEALTHY PAYING FOR THEMSELVES, IT'S NOT TRUE. IT'S NONSENSE. IT'S B.S. HE SAID THE WHOLE WORD. IN A FEW MINUTES, REPUBLICANS WILL VOTE TO EXPLODE CATASTROPHICALLY OUR NATIONAL DEBT. AT A MINIMUM $1.35 TRILLION. LIKELY $2.2 TRILLION OR MORE. WHERE ARE THE VAUNTED REPUBLICAN DEFICIT HAWKS? ARE ANY DANGE -- ENDANGERED? ARE THEY EXTINCT? DO THEY CARE ABOUT THE DEFICIT WHEN WE PASS GIVEAWAYS FOR THE RICH AND BIG CORPORATIONS? THEY DON'T CARE ABOUT DEFICITS THEN. TAX BREAKS FOR THE RICH. CORPORATE TAX BREAKS. WE DON'T CARE ABOUT THE DEFICIT. OR DO REPUBLICANS ONLY CARE ABOUT THE DEFICIT WHEN THE ISSUE IS HELPING CHILDREN, SENIORS, OUR VETERANS, WHO ARE A LARGE PART OF HARDWORKING AMERICA? MY COLLEAGUES, MY FELLOW AMERICANS, REMEMBER THIS VOTE. REMEMBER THE VOTE. WHEN THEY WILL CHEER AT THE END OF THIS VOTE, THEY WILL STAND UP AND CHEER, ADDING TRILLIONS TO THE NATIONAL DEBT IN ORDER TO GIVE TAX BREAKS TO THE WEALTHIEST 1% AND TO BIG CORPORATIONS. THEY'LL CHEER THAT. AND THEY'LL CHEER WHEN THEY SAY WE CAN'T AFFORD TO PROTECT THE HEALTH OF OUR INNOCENT CHILDREN. REMEMBER, THEY WILL CHEER WHEN THEY TELL YOU, WE CAN'T AFFORD THE NEXT STEP. WE CAN'T AFFORD MEDICAID, MEDICARE AND A DIAGNOSENYIFIED RETIREMENT OUR SENIORS SPENT A LIFETIME EARNING. THAT'S AN APPLAUSE LINE FOR THEM. REMEMBER THIS DAY, WHEN REPUBLICANS CHEER FOR A BILL THAT HANDS A $4,000 CHILD TAX CREDIT TO FAMILIES OF FOUR EARNING $400,000 A YEAR. YOU EARN $400,000 A YEAR, YOU GET $4,000 IN CHILD TAX CREDIT. BUT IF YOU'RE POOR, A SINGLE MOM OR A MOTHER OF TWO EARNING ONLY $14,500, GUESS HOW MUCH SHE GETS? $75. $75. TODAY WE GATHER ON THIS FLOOR IN THE MIDST OF A HOLY SEASON. IN THIS SEASON WE CELEBRATE THE MIRACULOUS BLESSINGS OF GOD. WE REFLECT ON THE WONDROUS JOY OF CHILDREN AND OUR RESPONSIBILITY TO THEM. WE REMEMBER OUR DUTY TO LIVE JUSTLY AND FOR THOSE OF US BLESSED TO SERVE IN THIS CONGRESS, WE MUST REMEMBER OUR SPECIAL RESPONSIBILITY TO GOVERN FAIRLY, TO MEET THE NEEDS OF ALL OF GOD'S CHILDREN. IN THIS HOLY TIME, THE MORAL OBSCENITY AND UNREPETENT AGREED OF THE G.O.P. TAX SCAM STANDS OUT EVEN MORE CLEARLY. . THIS PROPOSAL APPEARS TO BE THE FIRST FEDERAL INCOME TAX MODIFICATION IN AMERICAN HISTORY THAT WILL RAISE INCOME TAXES ON THE WORKING POOR WHILE SIMULTANEOUSLY PROVIDING A LARGE TAX CUT TO THE WEALTHY. THEY GO OP TO SAY. THIS IS SIMPLY UNCONSCIONABLE -- THEY GO ON TO SAY. THIS IS SIMPLY UNCONSIDERABLE. THIS IS IN THE CHAIR RECOGNIZES THE GENTLEMAN FROM CONTRAST TO THE WORDS OF SENATOR HATCH. REMEMBER WHAT THE BISHOPS SAID. THIS IS SENATOR HATCH. GET BACK TO THE REPUBLICANS. THIS IS IN SHARP CONTRAST TO THE WORDS OF SENATOR HATCH. HE SAID, HE'S THE CHAIRMAN OF THE FINANCE COMMITTEE IN THE UNITED STATES SENATE. AUTHOR OF THIS BILL. HE SAID, I HAVE A ROUGH TIME WANTING TO SPEND BILLIONS AND BILLIONS AND TRILLIONS OF DOLLARS TO HELP PEOPLE WHO WON'T HELP THEMSELVES. WON'T LIFT A FINGER, AND EXPECT THE FEDERAL GOVERNMENT TO DO EVERYTHING. HOW ABOUT THAT? TELL THAT TO THE MOMS WE JUST SAW SPEAKING OUT WITH THEIR CHILDREN. CHILDREN WITH DISABILITIES. WHO WONDER HOW COULD THIS BE SO CRUEL? THIS IS AN ACT OF MISERY. NOT ACCORDING TO SENATOR HATCH. AND GETTING BACK TO OUR BISHOPS, IN THE ENCYCLICAL, GOD IS LOVE, I SAID THIS BEFORE, BUT NO EFFECT ON THE REPUBLICAN SIDE, POPE BENEDICT, THE URGENT MORAL WISDOM OF ST. AUGUST CONTINUE -- AUGUSTIN, 17 CENTURIES AGO, HE SAID A STATE WHICH IS NOT GOVERNED ACCORDING TO JUSTICE IS JUST A BUNCH OF THIEVES. BENEDICT, POPE BENEDICT WENT ON TO SAY, THE STATE MUST INEVITABLY FACE THE QUESTION OF HOW JUSTICE CAN BE ABELIEVED HERE AND NOW. HE CAUTIONED AGAINST, IN HIS WORDS, THE DANGER OF CERTAIN ETHICAL BLINDNESS CAUSED BY THE DAZZLING EFFECT OF POWER AND SPECIAL INTEREST. MY COLLEAGUES, IS THERE JUSTICE IN A BILL THAT REWARDS CORPORATION SHIPPING JOBS OVERSEAS? JOBS OF HARDWORKING MEN -- AMERICAN HE MEN AND WOMEN, VETERANS SHIPPING THOSE JOBS OVERSEAS? IS THERE JUSTICE IN THAT? NO, I DON'T THINK SO. IS THERE JUSTICE IN A BILL THAT SPIKES HEALTH CARE PREMIUMS AND MAY ADD 13 MILLION AMERICANS TO THE RANKS OF THE UP INSURED? NO JUSTICE THERE. IS THERE JUSTICE IN THE BILL THAT RAISES TAXES ON 86 MILLION 13 MILLION AMERICANS TO THE RANKS OF THE UP INSURED? MIDDLE CLASS FAMILIES? HERE WE'RE. RAISES TAXES ON MIDDLE MILLION CLASS FAMILIES AND THEY TRY TO PRESENT THE DELUSION IT'S A MIDDLE CLASS TAX CUT. IS THERE JUSTICE IN A BILL THAT HANDS A BREATHTAKING 83% OF ITS BENEFITS TO THE WEALTHIEST 1% OF AMERICANS? 83% OF BEP FITS TO THE TOP 1%. -- BENEFITS TO THE TOP 1% S THERE JUSTICE IN A BILL THAT EXPLODES THE NATIONAL DEBT TO GIVE THE WEALTHY AND WELL CONNECTED A BREAK AND FIX THE DEBT WITH OUR CHILDREN? IS THAT JUSTICE? I DIDN'T THINK YOU THOUGHT SO. I WISH OUR REPUBLICAN COLLEAGUES WOULD JOIN US. THIS G.O.P. TAX SCAM IS SIMPLY THEFT. MONUMENTAL, BRAZEN THEFT FROM THE AMERICAN MIDDLE CLASS AND EVERY PERSON WHO ASPIRES TO REACH IT. THE G.O.P. TAX SCAM IS NOT A VOTE FOR AN INVESTMENT IN GROWTH OR JOBS. IT IS A VOTE TO INSTALL A PERMANENT PLUTOCRACY IN OUR NATION. THEY'LL CHEER THAT LATER. IT DOES VIOLENCE TO THE VISION OF OUR FOUNDERS. IT DISRESPECTS THE SACRIFICE OF OUR MEN AND WOMEN IN UNIFORM WHO ARE A LARGE PART OF OUR MIDDLE CLASS AND TO WHOM WE OWE A FUTURE WORTHY OF THEIR SACRIFICE. AND IT BETRAYS THE FUTURE AND BETRAYS THE ASPIRATIONS OF OUR CHILDREN. IT DEMANDS, IT MORALLY DEMANDS A NO VOTE FROM EVERY MEMBER OF THIS HOUSE OF THE PEOPLE. WITH THAT I YIELD BACK THE BALANCE OF MY TIME.

          Show Full Text
        • 01:35:28 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:35:31 PM

          MR. BRADY

          MR. SPEAKER, I'M VERY PROUD YIELD ONE MINUTE TO THE GENTLEMAN FROM…

          MR. SPEAKER, I'M VERY PROUD YIELD ONE MINUTE TO THE GENTLEMAN FROM CALIFORNIA, MR. MCCLINTOCK.

          Show Full Text
        • 01:35:36 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR ONE MINUTE.

        • 01:35:39 PM

          MR. MCCLINTOCK

          THANK YOU. MR. SPEAKER, I OPPOSED THE ORIGINAL HOUSE BILL BECAUSE IT…

          THANK YOU. MR. SPEAKER, I OPPOSED THE ORIGINAL HOUSE BILL BECAUSE IT SEVERELY LIMITED OR ABOLISHED BROAD-BASED DEDUCTIONS, RESULTING IN HIGHER TAXES FOR MANY FAMILIES AND HIGH TAX, HIGH COST STATES LIKE CALIFORNIA. THANKS TO CHAIRMAN BRADY'S LEADERSHIP, THIS BILL IS LARGELY ADDRESSED THESE OBJECTIONS AND IN COMMON DAYS WITH MUCH LOWER RATES T ASSURES NEARLY EVERY CALIFORNIA TAXPAYER WILL PAY LOWER TAXES. MORE IMPORTANT STILL IS THE HIGHER WAGES AND BERT JOBS IT MEANS FOR ALL -- BETTER JOBS IT MEANS FOR ALL AMERICANS. LAST WEEK I TOURED A COUNTRY THAT MAKES THE DRUGS. YET THE ACTUAL MEDICINE IS NOT PRODUCED HIRE. IT'S PRODUCED IN IRELAND BECAUSE --

          Show Full Text
        • 01:36:25 PM

          THE SPEAKER PRO TEMPORE

          HAS DETECT ADD DISTURBANCE IN THE GALLERY IN CONTRAVENTION OF THE LAW AND…

          HAS DETECT ADD DISTURBANCE IN THE GALLERY IN CONTRAVENTION OF THE LAW AND AGAINST THE RULES OF THE HOUSE. THE SERGEANT AT ARMS WILL IDENTIFY THE PERSON OR PERSONS RESPONSIBLE AND HAVE THEM ESCORTED FROM THE HOUSE CHAMBER. DETECT ADD DISTURBANCE IN THE GALLERY IN THE SPEAKER PRO TEMPORE: THE HOUSE WILL

          Show Full Text
        • 01:37:40 PM

          THE SPEAKER PRO TEMPORE

          THE SPEAKER PRO TEMPORE: THE HOUSE WILL BE IN ORDER. THE GENTLEMAN FROM…

          THE SPEAKER PRO TEMPORE: THE HOUSE WILL BE IN ORDER. THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR HIS REMAINING 20 SECONDS.

          Show Full Text
        • 01:37:49 PM

          MR. MCCLINTOCK

          MR. SPEAKER, I WAS SAYING THAT THE ACTUAL MEDICINE, THE INGREDIENTS…

          MR. SPEAKER, I WAS SAYING THAT THE ACTUAL MEDICINE, THE INGREDIENTS PRODUCED HERE BUT THE ACTUAL MEDICINE IS PRODUCED IN IRELAND SOLELY BECAUSE OF OUR UNCOMPETITIVE CORPORATE TAX. BECAUSE OF THIS TAX REFORM, THE COMPANY PLANS TO GROW DRAMATICALLY HERE AT HOME, EMPLOYING HUNDREDS OF NEW WORKERS. THAT'S WHAT THE DEMOCRATS MEAN BY TAX BREAKS FOR THE WEALTHY. THE PROOF OF THESE POLICIES WILL COME OVER THE NEXT YEAR. AND EVERY AMERICAN WILL BE ABLE TO DECIDE FOR THEMSELVES IF THEY ARE BETTER OFF BECAUSE OF IT. I'M NOW HIGHLY CONFIDENT THEIR ANSWER WILL BE A RESOUNDING YES. YEAR. AND EVERY

          Show Full Text
        • 01:38:26 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS.

        • 01:38:28 PM

          MR. NEAL

          MR. SPEAKER, I'D LIKE TO INQUIRE HOW MUCH TIME REMAINS.

        • 01:38:30 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM MASSACHUSETTS HAS 4-S 3/4 MINUTES REMAINING.

        • 01:38:34 PM

          MR. NEAL

          I RESERVE THE BALANCE OF MY TIME.

        • 01:38:35 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:38:37 PM

          MR. BRADY

          FOUR MINUTES.

        • 01:38:44 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS IS RECOGNIZED FOR FOUR MINUTES.

        • 01:38:48 PM

          MR. BRADY

          THERE IS ONLY ONE FUNDAMENTAL QUESTION TODAY, WHO GETS TO DECIDE. WHEN…

          THERE IS ONLY ONE FUNDAMENTAL QUESTION TODAY, WHO GETS TO DECIDE. WHEN AMERICANS WORK HARD FOR THEIR MONEY, WHO GETS TO DECIDE WHAT YOU TO DO WITH IT? IS IT YOU OR IS IT SOME NAMELESS FACELESS GOVERNMENT WORKER HERE IN WASHINGTON? WHEN A FAMILY WITH YOUNG CHILDREN IS WORKING FEVERISHLY TO FUND THEIR KIDS' FUHR, WHO GETS TO DECIDE HOW THEY SPEND THEIR MONEY? THEM OR WASHINGTON? THE SINGLE MOM FIGHTING EVERY DAY TRYING TO GET BY AND GIVE A GOOD LIFE TO HER DAUGHTER, WHO DECREES WHERE HER MONEY GOES? WHEN A MAIN STREET BUSINESS OTHER, WHEN THEY WORK LATE INTO THE NIGHT AND THROUGH THE WEEKEND, RISKING EVERY PENNY THEY OPEN TO REACH THEIR DREAM, WHO GETS THAT MEAGER PROFIT EACH DAY? DOES IT GO TO YOU WHO EARNED IT? EXHAUSTED AT THE END OF A LONG DAY. OR IS IT GRABBED BY A FEDERAL GOVERNMENT WHO DOESN'T EVEN KNOW YOUR NAME? EXCEPT ON APRIL 15. OUR COMMUNITIES HAVE WATCHED THEIR COMPANY'S JOBS AND FUTURES MOVE OVERSEAS FOR TOO LONG. OUR LOCAL BUSINESSES, THEY HAVE BEEN FIGHTING OTHER COUNTRIES WITH ONE HAND TIED BEHIND THEIR BACK FROM AN OLD OUTDATED TAX CODE. THEY DESERVE A NEW TAX CODE THAT ALLOWS THEM TO COMPETE AND WIN ANYWHERE IN THE WORLD. ESPECIALLY HERE AT HOME. AND WHEN THEY COMPETE AND WIN, WHO DECIDES WHERE THAT MONEY GOES? TODAY WASHINGTON SAYS SPEND IT OVERSEAS. OUR NEW TAX CODE SAYS BRING IT HOME. SPEND IT HERE IN AMERICA TO GROW OUR JOBS, OUR PAYCHECKS, OUR COMMUNITY. THAT'S WHY THIS MOMENT IS SO IMPORTANT. OPPONENTS OF THIS TAX BILL, THEY DON'T REALLY WORRY ABOUT TAX CUTS FOR THE RICH. THEY WORRY ABOUT TAX CUTS FOR YOU. BECAUSE IF YOU SPEND YOUR MONEY, THEY CAN'T. IF YOU HAVE THE FIRST CLAIM OVER YOUR EARNINGS, THEY NO LONGER DO. AND IF YOUR DREAMS COME BEFORE THEIRS, EVERYTHING IN WASHINGTON CHANGES. EVERYTHING. GIVEN A CHOICE BETWEEN THE FEDERAL GOVERNMENT AND YOU, WE CHOOSE YOU. HARDWORKING AMERICAN TAXPAYERS. WE CHOOSE YOU, THE ONLY SPECIAL INTEREST THAT TRULY MATTERS. AMERICANS DESERVE A TAX CODE FOR NEW ERA OF AMERICAN PROSPERITY. WE DELIVER ON THAT PROMISE. BECAUSE IT'S YOUR MONEY. MR. SPEAKER, I YIELD BACK. AND RESERVE.

          Show Full Text
        • 01:41:26 PM

          TEMPORE REMINDED

          I YIELD MYSELF THE BALANCE OF OUR TIME.

        • 01:41:31 PM

          MR. NEAL

          I YIELD MYSELF THE BALANCE OF OUR TIME.

        • 01:41:36 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN IS RECOGNIZED.

        • 01:41:38 PM

          MR. NEAL

          SO IN ONE MONTH WE HAVE TAKEN THE ENTIRE REVENUE SYSTEM OF THE COUNTRY…

          SO IN ONE MONTH WE HAVE TAKEN THE ENTIRE REVENUE SYSTEM OF THE COUNTRY WITHOUT ONE PUBLIC HEARING, WITHOUT ANY WITNESS TESTIMONY, WITHOUT THE SOLICITATION OF ONE EXPERT, WE MEANING THE REPUBLICAN MAJORITY, THEY DECIDED TO GO FORWARD WITH THIS RECKLESS PLAN. CONTRAST THIS WITH REAGAN AND O'NEILL AND ROSTENKOWSKI AND PACKWOOD IN 1986. WHEN GEPHARDT AND BRADLEY FIRST OFFERED THEIR BILL IN 1982, ON TAX REFORM, FOUR YEARS ENSUED BEFORE THE MEASURE CAME TO THE FLOOR FOR PASS AMMING. IN THAT TIME 450 WITNESSES OFFERED TESTIMONY. EVERY EXPERT FROM EVERY NOOK AND CRANNY IN AMERICA WAS INVITED TO OFFER THEIR VISION OF WHAT A BETTER TAX SYSTEM MIGHT LOOK LIKE. TO THOSE 1986. WHEN GEPHARDT AND INDIVIDUALS, I KNEW THEM ALL, BECAUSE I WENT TO THE COMMITTEE WHEN MR. ROSTENKOWSKI WAS THE CHAIRMAN, THEY SAW THAT AS THE FABLED ACHIEVEMENT OF THEIR TIME IN A BIPARTISAN MANNER. YOU KNOW WHAT ELSE? SECRETARY REAGAN AND CHIEF OF STAFF JIM BAKER SAT THROUGH THE MARKUPS ON THAT TAX REFORM MEASURE. WHILE SECRETARY MNUCHIN HAS SAID, NOBODY AT THE TOP WILL GET A TAX CUT. AND THEN THEY CUT THE RATE FROM 39.6 AT THE TOP TO HAS 37. NOBODY AT THE TOP WILL GET A TAX CUT. WE'LL DOUBLE THE EXEMPTION ON THE ESTATE TAX SO YOU MIGHT NOW KEEP $22 MILLION RATHER THAN $11 MILLION WITHOUT ANY FORMALIZATION OF TAXATION. MY FRIEND, MR. BRADY, HE IS MY FRIEND, HE SPOKE BEFORE ABOUT THE PEOPLE'S MONEY. YOU KNOW WHAT THE PEOPLE'S RESPONSIBILITY IS? A MILLION NEW VETERANS FROM IRAQ AND AFGHANISTAN. THAT'S THE PEOPLE'S RESPONSIBILITY. WHEN WE TALK ABOUT RESPONSIBILITY AND THE PEOPLE'S MONEY, MEDICARE IS THE PEOPLE'S RESPONSIBILITY. SOCIAL SECURITY IS THE PEOPLE'S RESPONSIBILITY. MEDICAID TODAY AS WE CELEBRATE THE EXTENSION OF LIFE EXPECTANCY IN AMERICA, MEDICAID NOW CARES FOR PEOPLE WITH DEMENTIA AND ALZHEIMER'S DISEASE, THAT'S THE PEOPLE'S RESPONSIBILITY. THEY HAVE CAREFULLY TAKEN THEOLOGY AND WED IT TO SCIENCE FICTION. DON'T WORRY, TAX CUT PAY FOR THEMSELVES. THAT WAS THE OFFERING IN 2001. A TRILLION, $300 BILLION WORTH OF TAX CUTS. WE GET TO 2003, ANOTHER $1 TRILLION BY TAX CUTS. THERE WAS TIME IN BETWEEN FOR A REPATRIATION HOLIDAY. ALL ADVERTISED ON THE BASIS OF JOB CREATION. AND LAYOFFS ENSUED ALMOST THE EXNEXT DAY. THIS MOPPY WILL BE USED FOR STOCK BUYBACKS AND DIVIDENDS. THERE WILL BE LITTLE I VEST N-THAT LAST OPPORTUNITY WHERE WE SHOULD HAVE INVESTED IN COMMUNITY COLLEGES AND VOCATIONAL EDUCATION. AND APPRENTICESHIP PROGRAMS. SIX MILLION JOBS IN AMERICA GO UNANSWERED EVERY SINGLE DAY. BECAUSE OF A SKILLS ALIGNMENT PROBLEM AND ALSO THE HORROR OF WHAT OPIOID ADDICTION HAS DONE ACROSS THE UNITED STATES AND SIDELINED TWO MILLION PEOPLE. . SO WHAT THEY'RE TELLING US TODAY IS THE FOLLOWING. WE'VE GOT SIMPLIFICATION. WHAT HAPPENED TO THE POSTCARD? AS I SAID EARLIER, WE'RE GOING TO HAVE TO CARRY AROUND A BILLBOARD FOR TAX SIMPLIFICATION. TO FIGURE OUT WHAT'S IN IT. THEY KEEP TALKING ABOUT PHASE-INS AND PHASE-OUTS. WE'LL ALL BE PASSED OUT BY THE TIME THEY GET DONE WITH THIS. THIS IS MORE COMPLEXITY. AND WAIT UNTIL PEOPLE HAVE A CHANCE OVER THE NEXT FEW WEEKS TO SORT WHAT'S IN THIS BILL. BUT HERE'S SOMETHING YOU MIGHT GIVE SOME THOUGHT TO. THE BOTTOM, YOU'RE GOING TO GET $60 YEAR A -- A YEAR. THE SECOND, YOU'RE GOING TO GET $380 A YEAR. THE TOP 1% ARE GOING TO GET $51,000 A YEAR AND THE TOP.0 -- .1% ARE GOING TO GET MORE. ALL IN THE MID -- NAME OF MIDDLE CLASS TAX RELIEF. AS WE PROCEED TO THE HOLIDAY, THEY'RE TELLING US, THIS IS THEIR CHRISTMAS PRESENT. AND YOU KNOW WHAT THEY'RE DOING WITH IT, IT'S GOING TO BE CHRISTMAS HANGOVER DEBT AND THEY'RE PUTTING IT ON THE CREDIT CARD AND ADDING $2.3 TRILLION TO THE FEDERAL DEBT. MERRY CHRISTMAS.

          Show Full Text
        • 01:46:28 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS.

        • 01:46:30 PM

          MR. BRADY

          MR. SPEAKER, I'M PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN WHO HAS…

          MR. SPEAKER, I'M PROUD TO YIELD ONE MINUTE TO THE GENTLEMAN WHO HAS DEVOTED HIS LIFE TO THIS MOMENT, TAX REFORM, OUR SPEAKER OF THE HOUSE, THE GENTLEMAN FROM WISCONSIN, MR. RYAN.

          Show Full Text
        • 01:46:41 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM WISCONSIN. THE SPEAKER. THE SPEAKER OF THE HOUSE IS…

          THE GENTLEMAN FROM WISCONSIN. THE SPEAKER. THE SPEAKER OF THE HOUSE IS RECOGNIZED FOR ONE MINUTE.

          Show Full Text
        • 01:46:51 PM

          THE SPEAKER

          I APPRECIATE THE GENTLEMAN. FIRST, I WANT TO START OFF BY THANKING ALL OF…

          I APPRECIATE THE GENTLEMAN. FIRST, I WANT TO START OFF BY THANKING ALL OF THE MEMBERS AND THE STAFF OF THE WAYS AND MEANS COMMITTEE FOR ALL OF THEIR HARD WORK IN PUTTING THIS BILL TOGETHER. I WANT TO THANK THEM FOR THIS. I WANT TO PERSONALLY THANK ONE OF MY PREDECESSORS FROM THE WAYS AND MEANS COMMITTEE WHO HELPED LAY THE FOUNDATION TO GET US TO WHERE WE ARE TODAY AND THAT IS DAVE CAMP. DAVE CAMP DID A LOT TO HELP US GET TO WHERE WE ARE. I WANT TO MOST OF ALL COMMEND AND EXPRESS MY PROFOUND ADMIRATION TO THE ARCHITECT OF THIS MEASURE, CHAIRMAN KEVIN BRADY. HIS ENDLESS PATIENCE AND HIS PERSISTENCE AND HIS GREAT DEMEANOR HAVE SEEN THIS THROUGH AND GOTTEN US TOIER TODAY. -- US TO WHERE WE ARE TODAY. MY COLLEAGUES, THIS IS A DAY I'VE BEEN LOOKING FORWARD TO FOR A LONG TIME. WE ARE ABOUT TO ACHIEVE SOME REALLY BIG THINGS. THINGS THAT THE CYNICS HAVE SCOFFED AT FOR YEARS, DECADES EVEN. IDEAS THAT HAVE BEEN WORKED ON FOR SO LONG, TO HELP HARDWORKING AMERICANS WHO HAVE BEEN LEFT BEHIND FOR TOO LONG. TODAY, TODAY WE ARE GIVING THE PEOPLE OF THIS COUNTRY THEIR MONEY BACK. THIS IS THEIR MONEY, AFTER ALL. MR. SPEAKER, THE HOUSE IS NOT IN ORDER.

          Show Full Text
        • 01:48:24 PM

          THE SPEAKER PRO TEMPORE

          THE CHAIR NOTES A -- CONTRAVENTION OF THE LAW AND AGAINST THE RULES OF THE…

          THE CHAIR NOTES A -- CONTRAVENTION OF THE LAW AND AGAINST THE RULES OF THE HOUSE. THE SERGEANT AT ARMS WILL IDENTIFY THE PERSON OR PERSONS RESPONSIBLE AND HAVE THEM ESCORTED FROM THE HOUSE CHAMBER. BEFORE PROCEEDINGS WILL RESUME. THE CHAIR WILL ALSO REMIND ALL PERSONS IN THE GALLERY THAT THEY ARE HERE AS GUESTS OF THE HOUSE AND THAT ANY MANIFESTATION OF APPROVAL OR DISAPPROVAL OF THE PROCEEDINGS IN THE HOUSE ARE IN VIOLATION OF THE RULES. -- RULES OF THE HOUSE. THE CHAIR RECOGNIZES THE GENTLEMAN FROM WISCONSIN, THE SPEAKER OF THE HOUSE.

          Show Full Text
        • 01:49:27 PM

          THE SPEAKER

          I'D LIKE TO REMIND MY COLLEAGUES AND THE SPEAKER THAT MY MINUTE CAN LAST…

          I'D LIKE TO REMIND MY COLLEAGUES AND THE SPEAKER THAT MY MINUTE CAN LAST FOR AS LONG AS I WANT IT TO LAST. I'M JUST SAYING. AS I WAS SAYING, MR. SPEAKER. TODAY WE'RE GIVING THE PEOPLE THEIR MONEY BACK. THE BOTTOM LINE HERE IS THE TYPICAL FAMILY MAKING THE MEDIAN INCOME IN AMERICA WILL GET A $2,059 TAX CUT NEXT YEAR ALONE. WHAT THIS IS IS REAL RELIEF FOR FAMILIES WHO ARE LIVING OUT, PAYCHECK TO PAYCHECK. STRUGGLING TO MAKE ENDS MEET. THEY HEAR ABOUT THE ECONOMY GETTING BETTER. THEY TURN ON THE TV AND THEY SEE THE STOCK MARKET GOING UP. BUT NOW WE NEED TO MAKE SURE THAT THESE PEOPLE IN OUR COMMUNITIES AND OUR COUNTRY WHO ARE STRUGGLING SEE THEIR OWN PERSONAL ECONOMY GETTING BETTER. AND THAT'S WHAT THIS IS ALL ABOUT. WE HAVE TO UNDERSTAND THE TIMES ARE TOUGH FOR A LOT OF PEOPLE IN THIS COUNTRY RIGHT NOW. TODAY THIS IS ABOUT HOW MUCH BETTER THINGS CAN BE. THIS IS ABOUT MORE JOBS, FAIRER TAXES. IT IS ABOUT BIGGER PAYCHECKS. IT'S ABOUT FASTER GROWTH AND UPWARD MOBILITY. IT'S ABOUT A STRONG ECONOMY THAT MAKES ALL OF US STRONGER AND HEALTHIER. THOSE ARE THE EFFECTS, THOSE ARE THE BENEFITS OF TAX REFORM. HERE IS THE HEART OF IT. AND HERE IS WHY THIS IS SO VITAL THAT WE DO THIS. HERE'S WHAT IT SPEAKS TO AND WHAT I TRULY BELIEVE IS A GENERATIONAL DEFINING MOMENT FOR THIS NATION. OUR TAX CODE IS SO BROKEN THAT IT UNDERMINES THE VERY THING THAT MAKES OUR NATION EXCEPTIONAL IN THE FIRST PLACE. IT PUNISHES HARD WORK. IT DISCOURAGES OUR ENTREPRENEURIAL SPIRIT. IT DIMS FREEDOM AND FREE ENTERPRISE. IT LIMITS OUR POTENTIAL OF OUR OWN PEOPLE. WHEN AMERICANS SEE GOOD JOBS GOING AWAY, WHEN AMERICANS WAKE UP AND THEY SEE THE COMPANIES THAT THEY GREW UP WITH IN THEIR COMMUNITIES GOING AWAY, THEY WONDER IF WE HAVE LOST SOMETHING BIGGER. THE MISSION THAT DRIVES US HERE TODAY IS TO RESTORE THIS BEAUTIFUL AMERICAN IDEA. WHAT IS THAT IDEA? THAT THE CONDITION OF YOUR BIRTH DOES NOT DETERMINE THE OUTCOME OF YOUR LIFE. YOU CAN WORK HARD, PLAY BY THE RULES, GET AHEAD AND MAKE A BETTER LIFE FOR YOURSELF. AND AN EVEN BETTER ONE FOR YOUR KIDS. IT IS THAT SENSE OF POSSIBILITY. WE WANT PEOPLE TO BE FREE TO STRIVE, TO MAKE THE MOST OF THEIR LIVES. WE WANT A COUNTRY WITH THE RESILIENCE TO ENDURE AND TACKLE ALL OF ITS CHALLENGES. MR. SPEAKER, ECONOMIC GROWTH AND JOB CREATION WILL NOT SOLVE ALL OF OUR PROBLEMS. BUT IT WILL HELP MAKE ALL OF OUR PROBLEMS MUCH EASIER TO SOLVE. THIS IS THE DIRECTION THAT WE ARE CHOOSING HERE TODAY. BECAUSE WE KNOW EXACTLY WHERE THE STATUS QUO LEADS US. FOR YEARS THE POWERS THAT BE HAVE BLOCKED AND STONEWALLED REFORM UNDER THE UMBRELLA OF AN ARROGANT, CONDESCENDING AND PATERNALISTIC IDEOLOGY. AN IDENTIFY YOL THAT SEEKS TO LIMIT -- IDEOLOGY THAT SEEKS TO LIMIT MOBILITY, TO LIMIT ASPIRATIONS, TO ACCEPT LESS IN OUR LIVES. IT'S A VIEW OF THE WORLD THAT SEES LIFE IN THE ECONOMY AS A ZERO-SUM GAME. YOUR GAME COMES AT MY LOSS, THEREFORE WE CAN'T DO IT. LOOK AT WHERE THIS GOT US. THE WORST RECOVERY SINCE WORLD WAR II, FLAT WAGES AND AN ECONOMY JUST LIMPING ALONG. STAGNATION IS A BREEDING GROUND FOR A CLASS-BASED SOCIETY WHERE ELITES PREDETERMINE THE OUTCOME OF OUR LIVES. THAT IS NOT THE AMERICAN IDEA. THEY WILL TELL YOU THIS. JUST HAND OVER MORE FREEDOM TO THE UNELECTED BUREAUCRATS AND THEY'LL FIGURE IT OUT, THEY KNOW MORE, WE'LL ALL JUST BE OK. HAND OVER MORE OF YOUR HARD-EARNED DOLLARS TO THE I.R.S. AND IT WILL ALL BE OK. THERE'S YOUR SCAM RIGHT THERE. WE KNOW GIVEN THE OPPORTUNITY THERE ARE NO LIMITS TO WHAT OUR PEOPLE, OUR FELLOW CITIZENS, OUR BROTHERS AND SISTERS CAN DO. YET FOR YEARS NOW THIS TAX CODE HAS BEEN SKEWED TO THE WELL CONNECTED. FULL OF SPECIAL INTEREST CARVE-OUTS AND LOOPHOLES. MEANWHILE, THE HARDWORKING FAMILY IN AMERICA HAS GOT TO JUMP THROUGH ALL THE HOOPS THAT THE I.R.S. CAN MUSTER. REFORM MEANS WE BRING RATES DOWN AT EVERY LEVEL. WE CLEAR OUT THESE LOOPHOLES SO PEOPLE CAN KEEP MORE OF WHAT THEY EARN IN THE FIRST PLACE. BECAUSE IT'S THEIR MONEY IN THE FIRST PLACE. NO SPECIAL FAVORS, JUST BASIC FAIRNESS. REFORM MEANS SIMPLIFICATION TOO. NEARLY NINE OUT OF 10 AMERICANS WILL STILL BE ABLE TO DO THEIR TAXES ON THE FORM THE SIZE OF A POSTCARD. THAT IS AMAZING. AND GIVEN THE OPPORTUNITY, THERE ARE NO LIMITS TO WHAT OUR WORKERS AND OUR ENTREPRENEURS CAN DO. WHILE THE WORLD HAS CHANGED, WHILE THE WORLD'S BECOME MORE COMPETITIVE, CLOSER, SMALLER, OUR TAX CODE HAS NOT. INSTEAD OF LEADING, WE'VE BEEN FOLLOWING -- FALLING BEHIND. TO THE POINT WHERE WE NOW HAVE THE -- NOW ARE THE WORST IN THE INDUSTRIALIZED WORLD AT HOW WE TAX OUR BUSINESSES. WE TAX OUR BUSINESSES A WHOLE LOT MORE THAN OUR FOREIGN COMPETITORS TAX THEIRS. THEY WIN, WE LOSE. THAT'S NOT FAIR. IT IS BASICALLY OPEN SEASON FOR OUR COMPETITORS TO COME IN AND TAKE OUR JOBS OVERSEAS UNDER THE CURRENT TAX CODE. REFORM MEANS WE GO FROM THE BACK OF THE PACK TO THE FRONT OF THE PACK. SO INSTEAD OF THE SLOW GROWTH THAT WE'VE BEEN SLOGGING THROUGH FOR YEARS, WE WANT TO GET BACK TO REAL SUSTAINED ECONOMIC GROWTH. WE WANT TO BUILD AN OPPORTUNITY ECONOMY WHERE THERE IS MORE DEMAND FOR HIGHER PAYING JOBS. THAT'S THE WHOLE PURPOSE OF ALL THIS. MAKE SURE THAT PEOPLE CAN GROW UP AND REACH THEIR POTENTIAL. MAKE SURE THAT THE JOBS ARE THERE TO GIVE PEOPLE THE CAREERS THEY WANT SO THEY CAN REACH THEIR POTENTIAL, SO THEIR FAMILIES CAN REACH THEIR POTENTIAL. THAT'S WHY WE'RE DOING THIS. THIS IS WITHOUT QUESTION THE SINGLE MOST IMPORTANT THING WE CAN DO TO ONCE AGAIN MAKE AMERICA THE BEST PLACE TO DO BUSINESS. YOU KNOW, THERE'S MORE. JUST IN THIS BILL. WITH THIS BILL, WE'RE FINALLY RESTORING THE FREEDOM TO MAKE YOUR OWN HEALTH CARE CHOICES. BY PREELING THE INDIVIDUAL MANDATE AT THE HEART OF OBAMACARE, WE ARE GIVING BACK THE FREEDOM AND THE FLEXIBILITY TO BUY THE HEALTH CARE THAT'S RIGHT FOR YOU AND YOUR FAMILY. AND FINALLY, WE ARE DOING SOMETHING TRULY TO PUT AMERICA IN THE LEAD. WE ARE DOING SOMETHING HISTORIC TO DEVELOP OUR OWN ENERGY RESOURCES. SOME PEOPLE HAVE BEEN WORKING HERE SINCE I WAS IN THE SECOND GRADE ON THIS PROJECT. AFTER DECADES AND DECADES IN THIS CHAMBER, WE'RE OPENING UP A SMALL, NONWILDERNESS AREA OF THE ALASKA NATIONAL WILDLIFE REFUGE FOR RESPONSIBLE DEVELOPMENT. IT IS THE MOST AMBITIOUS STEP WE HAVE TAKEN IN YEARS TO SECURE OUR OWN ENERGY FUTURE. THIS IS ONE OF THOSE TIMES TO JUST TAKE A STEP BACK. LET'S TAKE A MINUTE, COLLECT OURSELVES, AND STEP AWAY FROM THE NOISE. WE TALK A LOT IN THESE JOBS ABOUT TURNING POINTS. THERE IS NO DOUBT THAT WE ARE AT ONE OF THOSE TURNING POINTS RIGHT NOW. AND THIS ONE WILL DETERMINE THE KIND OF COUNTRY WE'RE GOING TO HAVE THIS CENTURY. TOO OFTEN WE HAVE SEEN BEFORE HOW DOUBT CREEPS IN, HOW THE TYRANNY OF SHORT-TERM THINKING TAKES OVER. AND HISTORY, HISTORY FAILS TO TURN. THERE IS, AFTER ALL, A REASON THAT THIS HAS NOT BEEN DONE IN 31 YEARS. THIS REALLY IS A GENERATIONAL DEFINING MOMENT. AND LET'S LET THIS GENERATIONAL DEFINING MOMENT BE DEFINED BY OPTIMISM, NOT BY FEAR. BY THE RISING ASPIRATIONS OF OUR PEOPLE, AND NOT THE DOOM AND GLOOM OF MANAGED DECLINE THAT WE HAVE BECOME TOO FAMILIAR WITH. THIS IS OUR CHANCE. THIS IS OUR MOMENT. LET'S TURN AT THIS TURNING POINT. LET'S RECLAIM THE PRINCIPLES THAT HAVE GUIDED US FOR GENERATIONS. LET'S RECAPTURE OUR DESTINY FOR GENERATIONS TO COME SO THIS BEAUTIFUL STORY OF THE AMERICAN IDEA IS REPEATED AND REPEATED AND PASSED ON TO THE NEXT GENERATION. A NATION MORE UNITED, MORE CONFIDENT, MORE PROSPEROUS AND, MR. SPEAKER, MORE FREE. PASS THIS BILL. I YIELD. SFNL

          Show Full Text
        • 01:58:25 PM

          THE SPEAKER PRO TEMPORE

          THE GENTLEMAN FROM TEXAS WITH TWO MINUTES TO CLOSE.

        • 01:58:28 PM

          MR. BRADY

          MR. SPEAKER, LET'S PASS THIS BILL. I YIELD BACK ALL REMAINING TIME.

        • 01:58:33 PM

          The previous question was ordered pursuant to the rule.

          • 01:58:37 PM

            THE SPEAKER PRO TEMPORE

            ALL TIME FOR DEBATE HAS EXPIRED. PURSUANT TO HOUSE RESOLUTION 667, THE…

            ALL TIME FOR DEBATE HAS EXPIRED. PURSUANT TO HOUSE RESOLUTION 667, THE PREVIOUS QUESTION IS ORDERED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MASSACHUSETTS SEEK RECOGNITION?

            Show Full Text
          • 01:58:48 PM

            MR. NEAL

            I ASK FOR THE YEAS AND NAYS.

          • 01:58:50 PM

            THE SPEAKER PRO TEMPORE

            DOES THE GENTLEMAN HAVE A MOTION?

          • 01:58:53 PM

            MR. NEAL

            I DO. I HAVE A MOTION TO RECOMMIT AT THE DESK.

          • 01:58:59 PM

            THE SPEAKER PRO TEMPORE

            IS THE GENTLEMAN OPPOSED TO THE CONFERENCE REPORT?

          • 01:59:01 PM

            MR. NEAL

            I CERTAINLY AM.

          • 01:59:02 PM

            THE SPEAKER PRO TEMPORE

            THE GENTLEMAN QUALIFIES. THE CLERK WILL REPORT THE MOTION.

          • 01:59:05 PM

            THE CLERK

            MR. NEAL OF MASSACHUSETTS MOVES TO RECOMMIT THE CONFERENCE REPORT ON THE…

            MR. NEAL OF MASSACHUSETTS MOVES TO RECOMMIT THE CONFERENCE REPORT ON THE BILL, H.R. 1, TO THE COMMITTEE OF CONFERENCE WITH INSTRUCTIONS TO THE MANAGERS ON THE PART OF THE HOUSE TO DISAGREE TO SECTION 11 --

            Show Full Text
          • 01:59:16 PM

            MR. BRADY

            MR. SPEAKER, I ASK UNANIMOUS CONSENT TO DISPENSE WITH THE READING.

          • 01:59:19 PM

            THE SPEAKER PRO TEMPORE

            WITHOUT OBJECTION. WITHOUT OBJECTION, THE PREVIOUS QUESTION IS ORDERED ON…

            WITHOUT OBJECTION. WITHOUT OBJECTION, THE PREVIOUS QUESTION IS ORDERED ON THE MOTION TO RECOMMIT. THE MOTION IS NOT DEBATABLE. THE QUESTION IS ON THE MOTION. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE NOES HAVE IT. THE MOTION IS NOT AGREED. TO THE GENTLEMAN FROM MASSACHUSETTS.

            Show Full Text
        • 01:59:19 PM

          Mr. Neal moved to recommit with instructions to the conference committee. The instructions contained in the motion seek to instruct the managers on the part of the House to disagree in section 11042 and part VIII of subtitle A of title I of the conference report.

          • 01:59:21 PM

            The previous question on the motion to recommit with instructions to conference committee was ordered without objection.

            • 01:59:27 PM

              On motion to recommit conference report with instructions Roll Call 691 - Yea and Nay vote pending.

              • 01:59:38 PM

                MR. NEAL

                I ASK FOR THE YEAS AND NAYS.

              • 01:59:39 PM

                THE SPEAKER PRO TEMPORE

                THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY…

                THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE AND REMAIN STANDING UNTIL COUNTED. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. PURSUANT TO CLAUSE 8 AND CLAUSE 9 OF RULE 20, THIS 15-MINUTE VOTE ON THE MOTION TO RECOMMIT WILL BE FOLLOWED BY FIVE-MINUTE VOTES ON ADOPTION OF THE CONFERENCE REPORT IF ORDERED, AND SUSPENDING THE RULES AND PASSING H.R. 4323. THIS IS A 15-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

                Show Full Text
          • 02:20:59 PM
            • 02:21:00 PM

              THE SPEAKER PRO TEMPORE

              ON THIS VOTE THE YEAS ARE 191. THE NAYS ARE 236. THE MOTION IS NOT…

              ON THIS VOTE THE YEAS ARE 191. THE NAYS ARE 236. THE MOTION IS NOT ADOPTED. THE QUESTION IS ON ADOPTION OF THE CONFERENCE REPORT. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT. THE GENTLEMAN FROM MASSACHUSETTS.

              Show Full Text
            • 02:21:02 PM

              On agreeing to the conference report Roll Call 692 - Yea and Nay vote pending.

              • 02:21:18 PM

                MR. NEAL

                I ASK FOR THE YEAS AND NAYS.

              • 02:21:19 PM

                THE SPEAKER PRO TEMPORE

                THE YEAS AND NAYS ARE REQUESTED. THOSE FAVORING A VOTE BY THE YEAS AND…

                THE YEAS AND NAYS ARE REQUESTED. THOSE FAVORING A VOTE BY THE YEAS AND NAYS WILL RISE. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. THIS I

                Show Full Text
              • 02:28:52 PM

                THE SPEAKER

                ON THIS VOTE THE YEAS ARE 227. AND THE NAYS ARE 203. THE CONFERENCE REPORT…

                ON THIS VOTE THE YEAS ARE 227. AND THE NAYS ARE 203. THE CONFERENCE REPORT IS ADOPTED. WITHOUT OBJECTION, THE MOTION TO RECONSIDER IS LAID UPON THE TABLE. THE UNFINISHED BUSINESS IS ON THE VOTE OF THE GENTLEMAN FROM FLORIDA, MR. DUNN, TO SUSPEND THE RULES AND PASS H.R. 4323, AS AMENDED, ON WHICH THE YEAS AND NAYS ARE ORDERED. THE CLERK WILL REPORT THE TITLE OF THE BILL.

                Show Full Text
          • 02:28:52 PM

            House Vote 692 - House Approves Tax Reform Bill, 227-203

            Tax Cuts and Jobs Act

            Passed (227 - 203)
            Yea
            Nay

            Vote Details: Yea - 227
            Republican - 227

            Vote Details: Nay - 203
            Democratic - 191
            Republican - 12

            • 02:28:53 PM

              Motions to reconsider laid on the table Agreed to without objection.

            • 02:29:18 PM

              UNFINISHED BUSINESS

              The Chair announced that the unfinished business was on a motion to suspend the rules, which had been debated earlier and on which further proceedings had been postponed.

              • 02:29:25 PM

                Considered as unfinished business. H.R. 4323 — "To promote veteran involvement in STEM education, computer science, and scientific research, and for other purposes."

                • 02:29:35 PM

                  THE CLERK

                  H.R. 4323, A BILL TO TO PROMOTE VETERAN INVOLVEMENT IN STEM EDUCATION,…

                  H.R. 4323, A BILL TO TO PROMOTE VETERAN INVOLVEMENT IN STEM EDUCATION, COMPUTER SCIENCE, AND SCIENTIFIC RESEARCH, AND FOR OTHER PURPOSES.

                  Show Full Text
                • 02:29:42 PM

                  THE SPEAKER

                  THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS THE BILL AS…

                  THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS THE BILL AS AMENDED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. THIS IS A FIVE-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

                  Show Full Text
              • 02:29:43 PM

                On motion to suspend the rules and pass the bill, as amended Roll Call 693 - 2/3 Yea and Nay vote pending.

                • 02:35:59 PM

                  THE SPEAKER PRO TEMPORE

                  ON THIS VOTE THE YEAS ARE 420. THE NAYS ARE 1. 2/3 OF THOSE VOTING HAVING…

                  ON THIS VOTE THE YEAS ARE 420. THE NAYS ARE 1. 2/3 OF THOSE VOTING HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED, THE BILL IS PASSED, AND WITHOUT OBJECTION THE MOTION TO RECONSIDER IS LAID UPON THE TABLE. WITHOUT OBJECTION, THE TITLE IS AMENDED. THE MOUSE WILL COME TO ORDER. THE HOUSE WILL COME TO ORDER. MEMBERS WILL REMOVE THEMSELVES FROM THE AISLES AND TAKE THEIR CONVERSATIONS OFF THE FLOOR. PURSUANT TO CLAUSE 8 OF RULE 20, THE CHAIR WILL POSTPONE FURTHER PROCEEDINGS TODAY ON MOTIONS TO SUSPEND THE RULES ON WHICH A RECORDED VOTE OR THE YEAS AND NAYS ARE ORDERED, OR OBJECTED TO UNDER CLAUSE 6 OF RULE 20. THE HOUSE WILL RESUME PROCEEDINGS ON POSTPONED QUESTIONS AT LATER TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MISSOURI SEEK RECOGNITION?

                  Show Full Text
            • 02:36:03 PM

              House Vote 693 - On Motion to Suspend the Rules and Pass, as Amended

              Supporting Veterans in STEM Careers Act

              Passed (420 - 1)
              Yea

              Vote Details: Yea - 420
              Republican - 232
              Democratic - 188

              Vote Details: Nay - 1
              Republican - 1

              Vote Details: Not Voting - 10
              Republican - 5
              Democratic - 5

              • 02:36:04 PM

                Motion to reconsider laid on the table Agreed to without objection.

                • 02:36:08 PM

                  The title of the measure was amended. Agreed to without objection.

                  • 02:37:25 PM

                    The Speaker announced that votes on suspensions, if ordered, will be postponed until a time to be announced.

                    • 02:37:26 PM

                      Pursuant to clause 4 of rule 16, Mr. Graves (MO) moved that when the House adjourns on Tuesday, December 19, 2017, it adjourn to meet at 9 a.m. on Wednesday, December 20, 2017 for Morning-Hour Debate, and 10 a.m. for legislative business. Agreed to without objection.

                      • 02:37:37 PM

                        >>

                        MR. SPEAKER, PURSUANT TO CLAUSE 4, RULE 16 I MOVE THAT WHEN THE HOUSE…

                        MR. SPEAKER, PURSUANT TO CLAUSE 4, RULE 16 I MOVE THAT WHEN THE HOUSE ADJOURNS THIS LEGISLATIVE DAY IT ADJOURN TO MEET AT 9:00 A.M. ON WEDNESDAY, DECEMBER 20, 2017, FOR MORNING HOUR DEBATE. AND 10:00 A.M. FOR LEGISLATIVE BUSINESS.

                        Show Full Text
                  • 02:37:45 PM

                    On Motion to Fix the Convening Time Agreed to by voice vote.

                    • 02:37:52 PM

                      THE SPEAKER PRO TEMPORE

                      WITHOUT OBJECTION, SO ORDERED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM…

                      WITHOUT OBJECTION, SO ORDERED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MISSOURI SEEK RECOGNITION?

                      Show Full Text
                    • 02:38:01 PM

                      >>

                      I MOVE TO SUSPEND THE RULES AND PASS S. 1393.

                    • 02:38:06 PM

                      THE SPEAKER PRO TEMPORE

                      THE CLERK WILL REPORT THE TITLE OF THE BILL.

                    • 02:38:09 PM

                      THE CLERK

                      TO STREAMLINE THE PROCESS BY WHICH ACTIVE DUTY MILITARY, RESERVISTS, AND…

                      TO STREAMLINE THE PROCESS BY WHICH ACTIVE DUTY MILITARY, RESERVISTS, AND VETERANS RECEIVE COMMERCIAL DRIVER'S LICENSES.

                      Show Full Text
                    • 02:38:20 PM

                      TEMPORE PURSUANT

                      PURSUANT TO THE RULE, THE GENTLEMAN FROM MISSOURI, MR. GRAVES, AND THE…

                      PURSUANT TO THE RULE, THE GENTLEMAN FROM MISSOURI, MR. GRAVES, AND THE DISTRICT OF COLUMBIA, MISS NORTH YOP, EACH WILL CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM MISSOURI.

                      Show Full Text
                    • 02:38:20 PM

                      Mr. Graves (MO) moved to suspend the rules and pass the bill. S. 1393 — "To streamline the process by which active duty military, reservists, and veterans receive commercial driver's licenses."

                      • 02:38:28 PM

                        MR. GRAVES

                        THANK YOU, MR. SPEAKER. MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL…

                        THANK YOU, MR. SPEAKER. MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIALS ON SENATE 1393.

                        Show Full Text
                    • 02:38:33 PM

                      Considered under suspension of the rules.

                    • 02:38:34 PM

                      DEBATE

                      The House proceeded with forty minutes of debate on S. 1393.

                      • 02:38:37 PM

                        THE SPEAKER PRO TEMPORE

                        WITHOUT OBJECTION, SO ORDERED.

                      • 02:38:39 PM

                        MR. GRAVES

                        THANK YOU, MR. SPEAKER. MR. SPEAKER, I YIELD MYSELF SUCH TIME AS I MAY…

                        THANK YOU, MR. SPEAKER. MR. SPEAKER, I YIELD MYSELF SUCH TIME AS I MAY CONSUMER.

                        Show Full Text
                      • 02:38:45 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEMAN IS RECOGNIZED.

                      • 02:38:47 PM

                        MR. GRAVES

                        MR. SPEAKER, SENATE 1393 WOULD EXEMPT CURRENT MEMBERS OF THE ARMED…

                        MR. SPEAKER, SENATE 1393 WOULD EXEMPT CURRENT MEMBERS OF THE ARMED SERVICES OR WOULD EXEMPT CURRENT MEMBERS OF THE ARMED SERVICES OR RESERVE COMPONENTS FROM CERTAIN TESTING REQUIREMENTS FOR COMMERCIAL DRIVERS' LICENSE IT IS THEY HAD QUALIFYING EXPERIENCE WHILE SERVING IN THE ARMED SERVICES AND RESERVE COMPONENTS. THIS BILL ALSO EXPANDS THE TYPES OF MEDICAL PROFESSIONALS THAT THE DEPARTMENT OF VETERANS AFFAIRS WHO CAN CERTIFY THAT VETERANS MEET THE PHYSICAL STANDARDS REQUIRED TO OPERATE A COMMERCIAL VEHICLE. THESE COMMONSENSE CHANGES WILL HELP REMOVE BARRIERS TO EMPLOYMENT FOR MEN AND WOMEN WHO HAVE SERVED OUR COUNTRY IN UNIFORM. THIS BILL IS A COMBINATION OF H.R. 2547, THE VETERANS EXPANDED TRUCKING OPPORTUNITIES ACT OF 2017, SPONSORED BY REPRESENTATIVE ROB WOODALL, AND H.R. 2258, THE ADVANCE ACT WHICH IS SPONSORED BY REPRESENTATIVE PETE AGUILAR. THE HOUSE PASSED BOTH BILLS UNDER SUSPENSION ON JUNE 26, 2017. THE BILL THAT WE'RE CONSIDERING TODAY PASSED THE SENATE BY UNANIMOUS CONSENT ON SEPTEMBER 14 WHICH MEANS THIS WILL HEAD TO THE PRESIDENT'S DESK ONCE THE HOUSE APPROVES IT. MR. SPEAKER, I WOULD LIKE TO COMMEND MR. WOODALL AND MR. AGUILAR FOR THEIR LEADERSHIP ON THE HOUSE BILLS AND SENATOR CORNYN FOR HIS WORK IN THE SENATE. I URGE MY COLLEAGUES TO SUPPORT SENATE 1393. I RESERVE THE BALANCE OF MY TIME.

                        Show Full Text
                      • 02:40:01 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM…

                        THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM DISTRICT OF COLUMBIA IS RECOGNIZED.

                        Show Full Text
                      • 02:40:05 PM

                        MS. NORTON

                        MR. SPEAKER, I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                      • 02:40:12 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEWOMAN IS RECOGNIZED.

                      • 02:40:14 PM

                        MS. NORTON

                        I'M PLEASED TO RISE IN SUPPORT OF S. 1393, THE JOBS FOR OUR HEROES ACT.…

                        I'M PLEASED TO RISE IN SUPPORT OF S. 1393, THE JOBS FOR OUR HEROES ACT. THIS BILL IS A STEP IN THE RIGHT DIRECTION TO HELP THE NATION TACKLE THE LONG-STANDING COMMERCIAL DRIVER SHORTAGE. A SHORTAGE THAT I MUST SAY I HAVE BEEN WORKING ON EVER SINCE I HAVE BEEN ON THIS COMMITTEE, AND ESPECIALLY SINCE BECAMING RANKING ON THE SUBCOMMITTEE. . OF COURSE AT THE SAME TIME TO SUPPORT VETERANS IN A SUCCESSFUL TRANSITION TO MILL -- FROM MILITARY TO CIVILIAN LIFE. S. 1393 ENSURES THAT ALL QUALIFIED MEDICAL PROFESSIONALS EMPLOYED BY THE DEPARTMENT OF VETERANS' AFFAIRS CAN PERFORM COMMERCIAL DRIVER PHYSICAL EXAM ATIONS FOR THEIR MEDICAL PATIENTS. THEY ARE ALREADY ELI AMIBLE TO BECOME CERTIFIED MEDICAL EXAMINERS. THIS BILL SIMPLY ALLOWS THESE INDIVIDUALS TO UTILIZE AN ALTERNATIVE CERTIFICATION PROCESS THAT IS CURRENTLY BEING FINALIZED BY THE FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION. THE MOST RECREPTLY AVAILABLE DATA SHOWS THAT OF THE 54,000 MEDICAL PROFESSIONALS LISTED IN THEIR NATIONAL REGISTRY OF CERTIFIED MEDICAL EXAMINERS, ONLY 25 MEDICAL PROFESSIONALS ARE EMPLOYED BY THE V.A.. THE ONLINE TRAINING AND TESTING SYSTEM BEING DEVELOPED BY THEM AND THE V.A. SHOULD HELP REMEDY THIS SITUATION AS THESE TWO AGENCIES HAVE DONE IN A GOOD -- AND THESE TWO AGENCIES HAVE DONE A GOOD JOB CREATING AN ALTERNATIVE PROCESS THAT WILL EVENTUALLY ALLOW MORE V.A. DOCTORS TO BECOME CERTIFIED MEDICAL EXAMINERS WHILE MAINTAINING THE SAFETY AND INTEGRITY OF THE CERTIFICATION SYSTEM. ALTHOUGH ALLOW MORE V.A. DOCTORS TO BECOME CERTIFIED THE FAST ACT PROVISION AUTHORIZING THIS PROCESS REFERRED TO PHYSICIANS, THEY SHOULD ALLOW V.A. EMPLOYED NURSE PRACTITIONERS, CHIROPRACTORS, PHYSICIAN ASSISTANCE, AND OTHER QUALIFIED MEDICAL PROFESSIONALS TO PARTICIPATE. THIS BILL ENSURES THAT THESE MEDICAL PROFESSIONALS ARE ELIGIBLE TO USE THIS PROCESS. THE BILL ALSO ENSURES THE CURRENT THE FAST SERVICE MEMBERS WOULD HAVE MILITARY EXPERIENCE OPERATING COMMERCIAL MOTOR VEHICLES WILL BE ABLE TO MORE EASILY OBTAIN A COMMERCIAL DRIVER'S LICENSE. CONGRESS INCLUDED A PROVISION IN THE FAST ACT TO ALLOW STATES TO WAIVE THE WRITTEN C.D.L. KNOWLEDGE TEST FOR DRIVERS WITH COMMERCIAL DRIVING EXPERIENCE, BUT IT RESTRICTS THIS WAIVER TO QUOTE, FORMER MEMBERS OF THE MILITARY. THERE ARE A SIGNIFICANT NUMBER OF CURRENT RESERVISTS AND MEMBERS OF THE NATIONAL GUARD WITH MILITARY COMMERCIAL MOTOR VEHICLE EXPERIENCE WHO COULD BENEFIT FROM THE WAIVER. THESE SERVICE MEN AND WOMEN RECEIVE THE FMSCA -- WHAT THE FMCA CALLS AS -- DESCRIBES AS THOROUGH AND COMPREHENSIVE TRAINING. INCLUDING MANY HOURS OF BEHIND THE WHEEL TRAINING. SOMETHING THAT I HAVE LONG SOUGHT AND ADVOCATED FOR AS A REQUIREMENT FOR CIVILIAN DRIVERS. THESE MILITARY DRIVERS ALREADY HAVE IT. FMSA HAS ALREADY TAKEN ACTION TO MAKE CURRENT SERVICE HOURS OF BEHIND THE WHEEL MEMBERS ELIGIBLE FOR THE KNOWLEDGE TEST WAIVER. ON A TEMPORARY BASIS. LAST YEAR FMSSA ISSUED AN EXEMPTION THAT ALLOWS STATES TO WAIVE THE C.D.L. KNOWLEDGE TEST FOR TRAINING MILITARY TRUCK TRIFERSE -- TRAINED MILITARY TRUCK DRIVERS. WHETHER THEY ARE CURRENT MEMBERS OF THE MILITARY OR ARE VETERANS. HOWEVER, FMSCSA TEMPORARY -- WITH ITS TEMPORARY EXEMPTION REQUIRES -- SORRY, FMCSA'S TEMPORARY EXEMPTION EXPIRES OCTOBER, 2018. THIS BILL MAKES PERMANENT WHETHER THEY ARE CURRENT MEMBERS OF THE MILITARY OR THE ABILITY OF CURRENT MEMBERS OF THE MILITARY TO UTELELIZE THE FAST ACT WAIVER. S. 1393 IS NEARLY IDENTICAL TO TWO BILLS THE HOUSE PREVIOUSLY PASSED EARLIER THIS YEAR, H.R. 2547, AND H.R. 2258. BOTH OF WHICH PASSED BY VOTES OF 409-0, ON UNANIMOUSLY. I URGE MY COLLEAGUES TO SUPPORT THIS LEGISLATION AND I RESERVE THE BALANCE OF MY TIME.

                        Show Full Text
                      • 02:45:28 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEWOMAN RESERVES THE BALANCE OF HER TIME. THE GENTLEMAN FROM…

                        THE GENTLEWOMAN RESERVES THE BALANCE OF HER TIME. THE GENTLEMAN FROM MISSOURI IS RECOGNIZED.

                        Show Full Text
                      • 02:45:32 PM

                        MR. GRAVES

                        THANK YOU, MR. SPEAKER. MR. SPEAKER AT THIS TIME I WOULD BE PLEASED TO…

                        THANK YOU, MR. SPEAKER. MR. SPEAKER AT THIS TIME I WOULD BE PLEASED TO YIELD TWO MINUTES TO THE GENTLEMAN FROM GEORGIA.

                        Show Full Text
                      • 02:45:39 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEMAN FROM GEORGIA IS RECOGNIZED FOR TWO MINUTES. .

                      • 02:45:45 PM

                        MR. WOODALL

                        I WANT TO THANK MY CHAIRMAN FOR YIELDING ME THE TIME AND THANK HIM FOR HIS…

                        I WANT TO THANK MY CHAIRMAN FOR YIELDING ME THE TIME AND THANK HIM FOR HIS LEADERSHIP. THE RANKING MEMBER, I APPRECIATE HER LEADERSHIP AS WELL. THESE ARE TWO HOUSE BILLS THAT THE SENATE COMBINED THAT WE PASSED UNANIMOUSLY HERE. THIS VETERANS TRUCKING LANGUAGE WAS LANGUAGE THAT JULIA BROWNLEY FROM CALIFORNIA AND I INTRODUCED TOGETHER UPON LEARNING THAT OF THE MORE THAN 54,000 MEDICAL PROFESSIONALS THAT ARE ALLOWED TO CERTIFY FOLKS FOR FEDERAL TRUCKING LICENSES ONLY 25 OF THOSE WORKED IN THE V.A. SYSTEM. OF 54,000, ONLY 25 WERE AVAILABLE TO OUR VETERANS. WE SAID THAT'S NOT RIGHT, AND SO THIS HOUSE CAME TOGETHER. WE EXPANDED ALL THE PHYSICIANS OF THE V.A., BECAME AVAILABLE TO SERVE OUR VETERANS THROUGH THE CERTIFICATIONS. THE BILL WENT TO THE PRESIDENT'S DESK AND HE SIGNED IT. WE HAD ADVANCED PRACTICE NURSES, WE HAD PHYSICIAN ASSISTANTS, WE HAD FOLKS WORKING THROUGHOUT THE V.A. HEALTH CARE SYSTEM SAYING, YOU KNOW WHAT, WE, TOO, ARE LICENSED TO PROVIDE THESE PHYSICALS AND IF YOU CHANGE THE LANGUAGE WE, TOO, WILL BE YOUR PARTNER IN SERVING VETERANS. AGAIN, JULIA BROWNLEY ON THE DEMOCRATIC SIDE, I ON THIS SIDE, MS. HOLMES NORTON AND MR. GRAVES CAME TOGETHER AND NOW WE HAVE A FURTHER IMPROVEMENT TO LANGUAGE THAT THE RULES ARE STILL BEING CRAFTED FOR DOWN AT D.O.T. MR. CHAIRMAN, FOLKS DON'T THINK THERE'S COOPERATION IN THIS CHAMBER. FOLKS DON'T THINK THAT WE CAN WORK TOGETHER IN THIS CHAMBER. THIS IS AN EXAMPLE OF WHAT GOES ON EVERY SINGLE WAYS. CONSTITUENTS RAISE PROBLEMS. REPUBLICANS AND DEMOCRATS GET TOGETHER TO SOLVE PROBLEMS. I'M GRATEFUL FOR THE LEADERSHIP TO GET THIS DONE, TO RANKING MEMBER DEFAZIO AND CHAIRMAN SHUSTER. I THANK THEM AS WELL. MR. SPEAKER, I YIELD BACK THE BALANCE OF MY TIME.

                        Show Full Text
                      • 02:47:44 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEMAN FROM MISSOURI RESERVES. THE GENTLEWOMAN FROM THE DISTRICT OF…

                        THE GENTLEMAN FROM MISSOURI RESERVES. THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA IS RECOGNIZED.

                        Show Full Text
                      • 02:47:48 PM

                        MS. NORTON

                        MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO MY FRIEND FROM…

                        MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO MY FRIEND FROM CALIFORNIA, MR. AGUILAR.

                        Show Full Text
                      • 02:47:53 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR TWO MINUTES.

                      • 02:47:56 PM

                        MR. AGUILAR

                        THANK YOU, MR. SPEAKER. I WANT TO THANK THE GENTLEWOMAN FOR YIELDING. FAR…

                        THANK YOU, MR. SPEAKER. I WANT TO THANK THE GENTLEWOMAN FOR YIELDING. FAR TOO OFTEN OUR BRAVE SERVICE MEMBERS RETURN TO CIVILIAN LIFE ONLY TO FIND THAT THE SKILLS THEY'VE GAINED IN MILITARY SERVICE DO NOT EASILY TRANSFER TO THE JOB MARKET. THESE BRAVE MEN AND WOMEN WHO'VE WORKED TIRELESSLY TO KEEP THEIR COUNTRY SAFE DESERVE TO KNOW THEY CAN THRIVE HERE AFTER THEIR SERVICE IS COMPLETE. AND FOR THAT REASON, MR. SPEAKER, I RISE IN STRONG SUPPORT OF THE JOBS FOR OUR HEROES ACT. AMONG OTHER CRITICAL INITIATIVES TO HELP OUR SERVICE MEMBERS FIND CIVILIAN EMPLOYMENT, THIS LEGISLATION CONTAINS MY BILL, THE ADVANCED ACT. THE ADVANCED ACT WILL ALLOW ACTIVE DUTY SERVICE MEMBERS, RESERVISTS AND NATIONAL GUARDS MEN TO ACCESS THE SAME UNIQUE TESTING STANDARDS FOR COMMERCIAL DRIVER'S LICENSES GRANTED TO VETERANS BY THE LATEST SURFACE TRANSPORTATION BILL. THIS COMMONSENSE LEGISLATION WILL ALLOW THOSE SERVING OUR COUNTRY TO BEGIN THE PROCESS OF FINDING CIVILIAN EMPLOYMENT BEFORE THEY FINISH THEIR TERM OF SERVICE, ALLOWING THEM TO HIT THE GROUND RUNNING UPON RE-ENTERING CIVILIAN LIFE. OUR NATION'S HEROES DESERVE TO KNOW THAT THE PROCESS OF TRANSITIONING OUT OF THE MILITARY WILL BE SEAMLESS AND THIS BIPARTISAN LEGISLATION WILL HELP ENSURE THAT'S THE CASE. I WANT TO THANK THE RANKING MEMBER AND THE CHAIRMAN. I ALSO WANT TO THANK SENATORS WARREN, CORNYN, AND TILLIS FOR GUIDING THIS BILL THROUGH THE SENATE. I URGE MY COLLEAGUES HERE IN THE HOUSE TO VOTE IN FAVOR OF THIS TODAY, AND I YIELD BACK.

                        Show Full Text
                      • 02:49:22 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEMAN YIELDS BACK. THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA…

                        THE GENTLEMAN YIELDS BACK. THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA RESERVES. THE GENTLEMAN FROM MISSOURI IS RECOGNIZED.

                        Show Full Text
                      • 02:49:27 PM

                        MR. GRAVES

                        THANK YOU, MR. SPEAKER. I DON'T HAVE ANY MORE SPEAKERS, SO I'D RESERVE.

                      • 02:49:32 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEMAN RESERVES. THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA IS…

                        THE GENTLEMAN RESERVES. THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA IS RECOGNIZED.

                        Show Full Text
                      • 02:49:35 PM

                        MS. NORTON

                        MR. SPEAKER, THIS BILL MARIES TWO PRIORITIES -- MARRIES TWO PLY ORTIZ.…

                        MR. SPEAKER, THIS BILL MARIES TWO PRIORITIES -- MARRIES TWO PLY ORTIZ. JOBS FOR OUR VETERANS. -- TWO PRIORITIES. JOBS FOR OUR VETERANS. HERE ARE JOBS WHERE THERE IS A CHRONIC PROBLEM, TOUGH JOB, JOBS WHICH ACQUIRE PEOPLE TO BE AWAY FROM HOME OFTEN, FOR LONG HOURS. JOBS THAT DO NOT PAY AS WELL AS SOME OTHER JOBS, AND SO THERE HAS BEEN A CHRONIC SHORTAGE. THIS BILL SERVES BOTH PURPOSES, AND IT SERVES OUR NATION VERY WELL. I HAVE NO MORE SPEAKERS. I YIELD BACK MY TIME.

                        Show Full Text
                      • 02:50:20 PM

                        THE SPEAKER PRO TEMPORE

                        THE GENTLEWOMAN YIELDS BACK. THE GENTLEMAN FROM MISSOURI IS RECOGNIZED.

                      • 02:50:24 PM

                        MR. GRAVES

                        THANK YOU, MR. SPEAKER. MR. SPEAKER, I'D URGE MY COLLEAGUES TO JOIN ME IN…

                        THANK YOU, MR. SPEAKER. MR. SPEAKER, I'D URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS IMPORTANT LEGISLATION, AND WITH THAT I YIELD BACK THE BALANCE OF MY TIME.

                        Show Full Text
                      • 02:50:30 PM

                        TE SPEAKER PRO TEMPORE

                        THE GENTLEMAN YIELDS BACK. THE QUESTION IS WILL THE HOUSE SUSPEND THE…

                        THE GENTLEMAN YIELDS BACK. THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS SENATE 1393. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED, THE BILL IS PASSED, AND WITHOUT OBJECTION THE MOTION TO RECONSIDER IS LAID ON THE TABLE.

                        Show Full Text
                      • 02:50:44 PM

                        MR. GRAVES

                        MR. SPEAKER, I'D ASK FOR THE YEAS AND NAYS.

                      • 02:50:46 PM

                        THE SPEAKER PRO TEMPORE

                        THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY…

                        THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE AND REMAIN STANDING UNTIL COUNTED. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. PURSUANT TO CLAUSE 8 OF RULE 20, FURTHER PROCEEDINGS ON THIS QUESTION WILL BE POSTPONED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MISSOURI SEEK RECOGNITION?

                        Show Full Text
                      • 02:50:54 PM

                        At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

                        • 02:51:02 PM

                          Mr. Graves (MO) moved to suspend the rules and pass the bill. S. 1532 — "To disqualify from operating a commercial motor vehicle for life an individual who uses a commercial motor vehicle in committing a felony involving human trafficking."

                          • 02:51:05 PM

                            MR. GRAVES

                            MR. SPEAKER, I MOVE TO SUSPEND THE RULES AND PASS SENATE BILL 1532.

                          • 02:51:10 PM

                            THE SPEAKER PRO TEMPORE

                            THE CLERK WILL REPORT THE TITLE OF THE BILL.

                          • 02:51:12 PM

                            THE CLERK

                            SENATE 1532, AN ACT TO DISQUALIFY FROM OPERATING A COMMERCIAL MOTOR…

                            SENATE 1532, AN ACT TO DISQUALIFY FROM OPERATING A COMMERCIAL MOTOR VEHICLE FOR LIFE AN INDIVIDUAL WHO USES A COMMERCIAL MOTOR VEHICLE IN COMMITTING A FELONY INVOLVING HUMAN TRAFFICKING.

                            Show Full Text
                        • 02:51:13 PM

                          Considered under suspension of the rules.

                        • 02:51:14 PM

                          DEBATE

                          The House proceeded with forty minutes of debate on S. 1532.

                          • 02:51:25 PM

                            MPORE PURSUANT

                            PURSUANT TO THE RULE, THE GENTLEMAN FROM MISSOURI, MR. GRAVES, AND THE…

                            PURSUANT TO THE RULE, THE GENTLEMAN FROM MISSOURI, MR. GRAVES, AND THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA, MS. NORTON, EACH WILL CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM MISSOURI.

                            Show Full Text
                          • 02:51:33 PM

                            MR. GRAVES

                            THANK YOU, MR. SPEAKER. MR. SPEAKER, I'D ASK UNANIMOUS CONSENT THAT ALL…

                            THANK YOU, MR. SPEAKER. MR. SPEAKER, I'D ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIALS ON SENATE 1532.

                            Show Full Text
                          • 02:51:44 PM

                            TEMPORE WITHOUT

                            WITHOUT OBJECTION, SO ORDERED.

                          • 02:51:45 PM

                            MR. GRAVES

                            THANK YOU, MR. SPEAKER. MR. SPEAKER, I'D YIELD MYSELF SUCH TIME AS I MAY…

                            THANK YOU, MR. SPEAKER. MR. SPEAKER, I'D YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                            Show Full Text
                          • 02:51:49 PM

                            THE SPEAKER PRO TEMPORE

                            THE GENTLEMAN IS RECOGNIZED.

                          • 02:51:51 PM

                            MR. GRAVES

                            MR. SPEAKER, HUMAN TRAFFICKING IS A TERRIBLE CRIME WITH AN ESTIMATED 20…

                            MR. SPEAKER, HUMAN TRAFFICKING IS A TERRIBLE CRIME WITH AN ESTIMATED 20 MILLION VICTIMS WORLDWIDE. IT IS INCUMBENT UPON CONGRESS TO TAKE THE STEPS NECESSARY TO COMBAT THIS CRIME WHENEVER POSSIBLE. THERE WAS A CASE IN SAN ANTONIO WHERE 10 PEOPLE DIED AFTER BEING ILLEGALLY TRAFFICKED IN A COMMERCIAL VEHICLE. DRIVERS HAVE BEEN THE FIRST LINE OF DEFENSE IN HELPING IDENTIFY AND REPORT THESE SORTS OF ACTIVITIES WITHIN THE TRUCKING COMMUNITY. WE NEED THESE DRIVERS TO STAY VIGILANT AND WE NEED TO WEED OUT THE BAD ACTORS. IN ADDITION TO THE CRIMINAL PENALTIES, DRIVERS WHO KNOWINGLY TAKE PART IN HUMAN TRAFFICKING SHOULD NEVER AGAIN BE ABLE TO DRIVE COMMERCIALLY. CURRENT LAW PROHIBITS AN INDIVIDUAL FROM OPERATING A COMMERCIAL MOTOR VEHICLE IF THEY ARE CONVICTED ONE OF NINE DIFFERENT TIMES INCLUDING ALCOHOL ABUSE, NEGLIGENT MANSLAUGHTER AND DRUG TRAFFICKING. SENATE 1532 DISQUALIFIES INDIVIDUALS FROM OPERATING A COMMERCIAL VEHICLE FOR THEIR LIFETIME IF THEY EVER USE THAT COMMERCIAL VEHICLE TO COMMIT A FELONY INVOLVING HUMAN TRAFFICKING. THIS BIPARTISAN BILL PASSED THE SENATE WITH UNANIMOUS CONSENT. AND I'D LIKE TO COMMEND MR. KATKO FOR HIS LEADERSHIP ON THE HOUSE VERSION OF THIS BILL, AND I'D URGE MY COLLEAGUES TO SUPPORT SENATE 1532. WITH THAT I RESERVE THE BALANCE.

                            Show Full Text
                          • 02:53:06 PM

                            THE SPEAKER PRO TEMPORE

                            THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM THE…

                            THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA IS RECOGNIZED.

                            Show Full Text
                          • 02:53:11 PM

                            MS. NORTON

                            MR. SPEAKER, I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                          • 02:53:13 PM

                            THE SPEAKER PRO TEMPORE

                            THE GENTLEWOMAN IS RECOGNIZED.

                          • 02:53:15 PM

                            MS. NORTON

                            MR. SPEAKER, I'M PLEASED TO RISE IN SUPPORT OF S. 1532. THIS LEGISLATION…

                            MR. SPEAKER, I'M PLEASED TO RISE IN SUPPORT OF S. 1532. THIS LEGISLATION INCITY TUITTS A LIFETIME BAN FROM -- INSTITUTES A LIFETIME BAN FROM OPERATING A COMMERCIAL VEHICLE WHO USED SUCH VEHICLE TO COMMIT HUMAN TRAFFICKING. IN THE SUMMER OF 2017, 10 PEOPLE DIED IN SAN ANTONIO, TEXAS, IN THE PROCESS OF BEING ILLEGALLY TRAFFICKED IN A WAL-MART TRUCK. THAT HORRENDOUS INCIDENT SERVED AS A STARK REMINDER THAT THE TRANSPORTATION SECTOR CAN BE EXPLOITED FOR HEINOUS ACTS. SINCE 2007, THE HUMAN -- THE NATIONAL HUMAN TRAFFICKING HOTLINE HAS RECEIVED REPORTS OF MORE THAN 22,000 SEX TRAFFICKING CASES INSIDE OUR COUNTRY. IN ADDITION, IT HAS RECEIVED OVER 5,000 REPORTS OF INDIVIDUALS WHO HAVE BEEN COERCED INTO FORCED LABOR OR SERVITUDE. THE NATIONAL CENTER FOR MISSING AND EXPLOITED CHILDREN ESTIMATES THAT ONE IN EVERY SIX RUNAWAY CHILDREN THAT ARE REPORTED TO THEM LAST YEAR HAD BECOME VICTIMS OF SEX TRAFFICKING. FMCSA CURRENTLY PROHIBITS ANY INDIVIDUAL FROM OPERATING A C.M.V. FOR LIFE IF HE OR SHE IS CONVICTED OF COMMITTING SPECIFIC CRIMES, INCLUDING NEGLIGENT MANSLAUGHTER AND DRUG TRAFFICKING. THIS BILL ENSURES THAT FMCSA ALSO TAKES ACTION AGAINST PERPETRATORS WHO USE THEIR C.M.V. TO COMMIT SEVERE -- AND THAT IS THE OPERATIVE WORD -- SEVERE FORMS OF SEX TRAFFICKING AS DEFINED BY THE TRAFFICKING VICTIMS PROTECTION ACT. THE COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE COMMITTEE REPORTED AN IDENTICAL BILL, H.R. 3814, TO THE HOUSE BY VOICE VOTE IN NOVEMBER. THIS LEGISLATION TAKES IMPORTANT STEPS TO REDUCE HUMAN TRAFFICKING IN THE TRANSPORTATION SECTOR, AND I URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS IMPORTANT BILL. MR. SPEAKER, I RESERVE THE BALANCE OF MY TIME.

                            Show Full Text
                          • 02:55:47 PM

                            THE SPEAKER PRO TEMPORE

                            THE GENTLEWOMAN RESERVES THE BALANCE OF HER TIME. THE GENTLEMAN FROM…

                            THE GENTLEWOMAN RESERVES THE BALANCE OF HER TIME. THE GENTLEMAN FROM MISSOURI IS RECOGNIZED.

                            Show Full Text
                          • 02:55:52 PM

                            MR. GRAVES

                            THANK YOU, MR. SPEAKER. AT THIS TIME I'M PLEASED TO YIELD THREE MINUTES TO…

                            THANK YOU, MR. SPEAKER. AT THIS TIME I'M PLEASED TO YIELD THREE MINUTES TO THE GENTLEMAN FROM NEW YORK, MR. KATKO.

                            Show Full Text
                          • 02:55:57 PM

                            THE SPEAKER PRO TEMPORE

                            THE GENTLEMAN FROM NEW YORK IS RECOGNIZED FOR THREE MINUTES.

                          • 02:56:00 PM

                            MR. KATKO

                            I'D LIKE TO THANK MY COLLEAGUE FOR YIELDING. I'M PROUD TO RISE IN FAVOR OF…

                            I'D LIKE TO THANK MY COLLEAGUE FOR YIELDING. I'M PROUD TO RISE IN FAVOR OF SENATE BILL 1532, THE NO HUMAN TRAFFICKING ON OUR ROADS ACT. THIS BIPARTISAN, BICAMERAL BILL STRENGTHENS OUR NATION'S EFFORTS TO COMBAT HUMAN TRAFFICKING. AS A FORMER ORGANIZED CRIME PROSECUTOR FOR TWO DECADES, BOTH ON THE NORTHERN BORDER AND ON THE SOUTHERN BORDER, I'VE SEEN FIRSTHAND THE HORRORS OF HUMAN TRAFFICKING. TOO OFTEN HUMAN TRAFFICKERS TAKE ADVANTAGE OF OUR NATION'S TRANSPORTATION NETWORK TO TRANSFER VICTIMS FROM ONE LOCATION TO THE NEXT. THE U.S. DEPARTMENT OF TRANSPORTATION AND THE TRANSPORTATION INDUSTRY PLAY A CRITICAL ROLE IN PREVENTING AND STOPPING THESE HEINOUS EXPLOITATIONS. I WANT TO COMMEND THE TRUCKING INDUSTRY FOR THEIR COMMITMENT AND TRAINING DRIVERS TO IDENTIFY INSTANCES OF HUMAN TRAFFICKING THROUGH ORGANIZATIONS LIKE TRUCKERS AGAINST TRAFFICKING. TRUCK DRIVERS ARE OFTEN A CRITICAL ASSET IN HELPING LAW ENFORCEMENT IDENTIFY VICTIMS WHO OTHERWISE MIGHT GO UNSEEN. HOWEVER, AN ISOLATED FEW INDIVIDUALS HAVE TAKEN ADVANTAGE OF THEIR POSITION TO ILLEGALLY TRAFFIC INNOCENT PEOPLE. WE MUST STOP THIS FROM OCCURRING. EARLIER THIS YEAR, ALONGSIDE MY GOOD FRIEND, CONGRESSWOMANNESTY, I INTRODUCED H.R. 3814, THE IDENTICAL HOUSE COMPANION TO THIS BILL. WHILE THE VAST MAJORITY OF OUR NATION'S TRUCK DRIVERS ARE HONEST, OUR BILL WILL MAKE SURE THE SELECT FEW ARE BROUGHT TO JUSTICE. I'M GRATEFUL FOR THE CHAIRMAN'S SUPPORT OF MOVING THIS BILL THROUGH THE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE AND BRINGING FORWARD THIS TO THE HOUSE. I'D LIKE TO THANK THE NATIONAL DISTRICT ATTORNEYS ASSOCIATION FOR SUPPORTING THIS LEGISLATION. AGAIN, I'D LIKE TO THANK REPRESENTATIVE ESTY AND SENATORS THUNE AND KLOBUCHAR FOR THEIR BIPARTISAN, BICAMERAL LEADERSHIP ON THIS MATTER. I YIELD BACK THE BALANCE OF MY TIME.

                            Show Full Text
                          • 02:57:51 PM

                            THE SPEAKER PRO TEMPORE

                            THE GENTLEMAN YIELDS BACK. THE GENTLEWOMAN FROM MISSOURI RESERVES. -- THE…

                            THE GENTLEMAN YIELDS BACK. THE GENTLEWOMAN FROM MISSOURI RESERVES. -- THE GENTLEMAN FROM MISSOURI RESERVES. THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA IS RECOGNIZED.

                            Show Full Text
                          • 02:57:58 PM

                            MS. NORTON

                            ANOTHER EXAMPLE OF WHAT BIPARTISANSHIP CAN ACHIEVE IN THE HOUSE OF…

                            ANOTHER EXAMPLE OF WHAT BIPARTISANSHIP CAN ACHIEVE IN THE HOUSE OF REPRESENTATIVES, UNLIKE THE TAX BILL THAT WAS PASSED IN THE HOUSE OF REPRESENTATIVES HERE THIS AFTERNOON. I HAVE NO MORE SPEAKERS, AND SO I YIELD BACK THE BALANCE OF MY TIME.

                            Show Full Text
                          • 02:58:15 PM

                            THE SPEAKER PRO TEMPORE

                            THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM…

                            THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM MISSOURI IS RECOGNIZED.

                            Show Full Text
                          • 02:58:20 PM

                            MR. GRAVES

                            THANK YOU, MR. SPEAKER. I'D URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING…

                            THANK YOU, MR. SPEAKER. I'D URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS IMPORTANT LEGISLATION, AND WITH THAT I'D YIELD BACK THE BALANCE OF MY TIME.

                            Show Full Text
                          • 02:58:26 PM

                            THE SPEAKER PRO TEMPORE

                            THE GENTLEMAN YIELDS BACK. THE QUESTION IS WILL THE HOUSE SUSPEND THE…

                            THE GENTLEMAN YIELDS BACK. THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS SENATE BILL 1532. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES -- THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE AND REMAIN STANDING UNTIL COUNTED. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. PURSUANT TO CLAUSE 8 OF RULE 20, FURTHER PROCEEDINGS ON THIS QUESTION WILL BE POSTPONED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MISSOURI SEEK RECOGNITION?

                            Show Full Text
                          • 02:58:45 PM

                            At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

                            • 02:58:54 PM

                              Mr. Graves (MO) moved to suspend the rules and pass the bill. S. 1536 — "To designate a human trafficking prevention coordinator and to expand the scope of activities authorized under the Federal Motor Carrier Safety Administration's outreach and education program to include human trafficking prevention activities, and for other purposes."

                              • 02:58:58 PM

                                MR. GRAVES

                                TO SUSPEND THE RULES AND PASS SENATE 1536.

                            • 02:59:03 PM

                              Considered under suspension of the rules.

                              • 02:59:04 PM

                                THE CLERK

                                SENATE 1536, AN ACT TO DESIGNATE A HUMAN TRAFFICKING COORDINATOR AND TO…

                                SENATE 1536, AN ACT TO DESIGNATE A HUMAN TRAFFICKING COORDINATOR AND TO EXPAND THE SCOPE OF ACTIVITIES AUTHORIZED UNDER THE FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION'S OUTREACH AND EDUCATION PROGRAM TO INCLUDE HUMAN TRAFFICKING PREVENTION ACTIVITIES AND FOR OTHER PURPOSES.

                                Show Full Text
                          • 02:59:04 PM

                            DEBATE

                            The House proceeded with forty minutes of debate on S. 1536.

                            • 02:59:20 PM

                              TEMPORE PURSUANT

                              PURSUANT TO THE RULE, THE GENTLEMAN FROM MISSOURI, MR. GRAVES, AND THE…

                              PURSUANT TO THE RULE, THE GENTLEMAN FROM MISSOURI, MR. GRAVES, AND THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA, MS. NORTON, EACH WILL CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM MISSOURI.

                              Show Full Text
                            • 02:59:29 PM

                              MR. GRAVES

                              MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE…

                              MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIALS ON SENATE BILL 1536.

                              Show Full Text
                            • 02:59:38 PM

                              THE SPEAKER PRO TEMPORE

                              WITHOUT OBJECTION, SO ORDERED.

                            • 02:59:40 PM

                              MR. GRAVES

                              WITH THAT, MR. SPEAKER, I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                            • 02:59:43 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLEMAN IS RECOGNIZED.

                            • 02:59:46 PM

                              MR. GRAVES

                              SENATE BILL 1536 ASKS THE DEPARTMENT OF TRANSPORTATION TO PLAY AN…

                              SENATE BILL 1536 ASKS THE DEPARTMENT OF TRANSPORTATION TO PLAY AN IMPORTANT ROLE IN COMBATING HUMAN TRAFFICKING. SPECIFICALLY WHAT THIS BILL DOES IS IT DIRECTS THE SECRETARY OF TRANSPORTATION TO DESIGNATE A HUMAN TRAFFICKING PREVENTION COORDINATOR FROM WITHIN THE DEPARTMENT. IT EXPANDS THE SCOPE OF ACTIVITIES AUTHORIZED UNDER THE FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION'S OUTREACH AND EDUCATION PROGRAM, AND UNDER THE COMMERCIAL DRIVER'S LICENSE PROGRAM IMPLEMENTATION GRANTS INCLUDE HUMAN TRAFFICKING PREVENTION ACTIVITIES. IT REQUIRES THE SECRETARY TO ESTABLISH AN ADVISORY COMMITTEE ON HUMAN TRAFFICKING. SENATE 1536 IS SUPPORTED BY MEMBERS ON BOTH SIDES OF THE AISLE, AND IT PASSED BY THE SENATE WITH UNANIMOUS CONSENT. . I'D LIKE TO COMMEND MS. ESTY FOR HER LEADERSHIP. BECAUSE OF HER WORK AND PARTNERSHIP ON THIS WITH MR. KATKO, THE HOUSE VERSION PASSED THROUGH COMMITTEE UNANIMOUSLY. WITH THAT I'D URGE MY COLLEAGUES TO SUPPORT SENATE 1536 AND I'D RESERVE THE BALANCE OF MY TIME.

                              Show Full Text
                            • 03:00:43 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM THE…

                              THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM THE DISTRICT OF COLUMBIA IS RECOGNIZED.

                              Show Full Text
                            • 03:00:48 PM

                              MS. NORTON

                              MR. SPEAKER, I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                            • 03:00:50 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLEWOMAN IS RECOGNIZED.

                            • 03:00:52 PM

                              MS. NORTON

                              MR. SPEAKER, I RISE IN STRONG SUPPORT OF THIS BILL AS WELL. S. 1536 WILL…

                              MR. SPEAKER, I RISE IN STRONG SUPPORT OF THIS BILL AS WELL. S. 1536 WILL HELP ENSURE THAT THE U.S. DEPARTMENT OF TRANSPORTATION HAS THE NECESSARY TOOLS TO REDUCE THE PREVALENCE OF HUMAN TRAFFICKING IN COMMERCIAL VEHICLES. IN 2016, MORE THAN 7,000 CASES OF HUMAN TRAFFICKING WERE REPORTED TO THE NATIONAL HUMAN TRAFFICKING HOTLINE. WITH THIS LEGISLATION, CONGRESS IS STEPPING IN TO ENSURE D.O.T. HAS ADDITIONAL AUTHORITY AND RESOURCES TO COMBAT THIS AFWRENALOUS CRIME. THIS BILL -- EGREGIOUS CRIME. THIS BILL PROVIDES THE FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION, FMCSA, MORE FLEXIBILITY TO COMBAT HUMAN TRAFFICKING BY AUTHORIZING FUNDING FROM TWO EXISTING GRANT PROGRAMS TO BE USED TO SUPPORT THE REPORTING AND THE PREVENTION OF HUMAN TRAFFICKING. THE BILL WILL ALSO HELP D.O.T. COORDINATE EFFORTS TO FIGHT HUMAN TRAFFICKING WITH OTHER FEDERAL AGENCIES AND ESTABLISHES AN ADVISORY COMMITTEE ON HUMAN TRAFFICKING. THE ADVISORY COMMITTEE WILL CONVENE EXPERTS FROM LAW ENFORCEMENT, VICTIM ADVOCACY ORGANIZATIONS, AND TRANSPORTATION INDUSTRY EXPERTS TO ADVISE D.O.T. OF CONCRETE STEPS IT CAN TAKE TO IMPROVE THE RECOGNITION AND PREVENTION OF TRAFFICKING. THE ADVISORY COMMITTEE WILL ALSO DEVELOP AND SHARE BEST PRACTICES WITH STATE AND LOCAL STAKEHOLDERS SO THAT THEY ARE BETTER EQUIPPED TO COMBAT THE TRAFFICKING IN THEIR OWN COMMUNITIES. THE COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE REPORTED AN IDENTICAL BILL, H.R. 3813, ANCHORED BY THE GENTLEWOMAN FROM CONNECTICUT, MS. ESTY, TO THE HOUSE -- I'M SORRY, AUTHORED BY THE GENTLEWOMAN FROM CONNECTICUT, MS. ESTY, TO THE HOUSE IN NOVEMBER. I URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS BILL AND I RESERVE THE BALANCE OF MY TIME.

                              Show Full Text
                            • 03:03:14 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLELADY FROM THE DISTRICT OF COLUMBIA RESERVES. THE GENTLEMAN FROM…

                              THE GENTLELADY FROM THE DISTRICT OF COLUMBIA RESERVES. THE GENTLEMAN FROM MISSOURI IS RECOGNIZED.

                              Show Full Text
                            • 03:03:19 PM

                              MR. GRAVES

                              THANK YOU, MR. SPEAKER. I DON'T HAVE ANY SPEAKERS SO I WILL RESERVE AT…

                              THANK YOU, MR. SPEAKER. I DON'T HAVE ANY SPEAKERS SO I WILL RESERVE AT THIS POINT.

                              Show Full Text
                            • 03:03:22 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM THE…

                              THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM THE DISTRICT OF COLUMBIA IS RECOGNIZED.

                              Show Full Text
                            • 03:03:27 PM

                              MS. NORTON

                              MR. SPEAKER, I'M PLEASED TO YIELD THREE MINUTES TO THE AUTHOR OF THE BILL,…

                              MR. SPEAKER, I'M PLEASED TO YIELD THREE MINUTES TO THE AUTHOR OF THE BILL, MS. ESTY OF CONNECTICUT.

                              Show Full Text
                            • 03:03:33 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLELADY FROM CONNECTICUT IS RECOGNIZED FOR THREE MINUTES.

                            • 03:03:36 PM

                              MS. ESTY

                              THANK YOU VERY MUCH. MR. SPEAKER, I RISE TO STRONGLY SUPPORT THE PASSAGE…

                              THANK YOU VERY MUCH. MR. SPEAKER, I RISE TO STRONGLY SUPPORT THE PASSAGE OF S. 1536, THE COMBATING HUMAN TRAFFICKING IN COMMERCIAL VEHICLES ACT. THIS BIPARTISAN, BICAMERAL BILL IS AN IMPORTANT STEP IN COMBATING THE TERRIBLE CRIME OF HUMAN TRAFFICKING. THE COMBATING HUMAN TRAFFICKING IN COMMERCIAL VEHICLES ACT WILL HELP STEM THE TIDE OF TRAFFICKING BY PROVIDING TRAINING TO COMMERCIAL TRUCK DRIVERS THROUGH THE DEPARTMENT OF TRANSPORTATION TO RECOGNIZE AND REPORT TRAFFICKING, FURTHER EMPOWERING THEM TO PREVENT THIS HORRENDOUS CRIME. SPECIFICALLY, THIS BILL DESIGNATES A HUMAN TRAFFICKING PREVENTION COORDINATOR AT THE U.S. DEPARTMENT OF TRANSPORTATION, AND INCREASES OUTREACH, EDUCATION AND REPORTING EFFORTS AT THE FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION. MR. SPEAKER, HUMAN TRAFFICKING IS AN APPALLING AND INHUMANE CRIME AND IT IS OCCURRING IN COMMUNITIES ALL OVER MY HOME STATE OF CONNECTICUT AND THROUGHOUT THE ENTIRE UNITED STATES. AS I LEARNED WHEN A HUMAN TRAFFICKING RING WAS BROKEN UP IN MY SMALL HOMETOWN, ANYONE CAN BECOME A VICTIM OF THIS CRIME. REGARDLESS OF RACE, AGE, GENDER OR SOCIOECONOMIC STATUS. THIS APPALLING CRIME TAKES MANY FORMS. THE VAST MAJORITY OF WHICH ARE SEXUALLY EX EMPLOYTATIVE IN NATURE. -- EXPLOITATIVE IN NATURE. THE AVERAGE AGE IS 12 TO 14 YEARS OLD. AND MANY VICTIMS ARE RUNAWAY GIRLS WHO WERE SEXUALLY ABUSED AS CHILDREN. TRUCKERS AND COMMERCIAL DRIVERS ARE OFTEN THE FIRST LINE OF DEFENSE AGAINST HUMAN TRAFFICKING IN THE UNITED STATES. THEIR EYES AND EARS ARE ON THE ROADS WHERE VICTIMS ARE BEING MOVED ACROSS BORDERS AND FROM CITY TO CITY. THE COMBATING HUMAN TRAFFICKING AND COMMERCIAL VEHICLES -- IN COMMERCIAL VEHICLES ACT IS SUPPORTED BY TRUCKERS AGAINST TRAFFICKING, THE NATIONAL DISTRICT ATTORNEY'S ASSOCIATION, THE COMMERCIAL VEHICLE SAFETY ALLIANCE, THE OWNER-OPERATOR-INDEPENDENT DRIVERS ASSOCIATION, AND I'M PROUD TO BE THE CO-AUTHOR OF THE HOUSE COMPANION TO THE NO HUMAN TRAFFICKING ON OUR ROADS ACT, ALONG WITH MY FRIEND, JOHN KATKO OF NEW YORK. I'M ALSO PLEASED THAT WE WILL BE VOTING TODAY ON ANOTHER BILL THAT CONGRESSMAN KATKO AND I CO-AUTHORED TOGETHER, THE NO HUMAN TRAFFICKING ON OUR ROADS ACT. BOTH BILLS WERE ORIGINALLY INTRODUCED IN THE SENATE BY SENATORS KLOBUCHAR AND THUNE AND PASSED UNANIMOUSLY. BOTH BILLS WERE ALSO PASSED UNANIMOUSLY OUT OF THE HOUSE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE AND SO I URGE MY FRIENDS AND COLLEAGUES TO JOIN ME IN VOTING YES ON THE COMBATING HUMAN TRAFFICKING IN COMMERCIAL VEHICLES ACT, AND THE NO HUMAN TRAFFICKING ON OUR ROADS ACT TODAY. SO WE CAN SEND THESE VERY IMPORTANT PIECES OF LEGISLATION TO THE PRESIDENT'S DESK FOR HIS SWIFT SIGNATURE. AGAIN, I WANT TO THANK MY REPUBLICAN AND DEMOCRATIC COLLEAGUES, BOTH IN THE HOUSE AND THE SENATE, FOR THEIR WORK ON THESE TWO IMPORTANT BILLS. THANK YOU AND I YIELD BACK THE BALANCE OF MY TIME.

                              Show Full Text
                            • 03:07:01 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLELADY'S TIME HAS EXPIRED. THE GENTLELADY FROM THE DISTRICT OF…

                              THE GENTLELADY'S TIME HAS EXPIRED. THE GENTLELADY FROM THE DISTRICT OF COLUMBIA RESERVES. THE GENTLEMAN FROM MISSOURI CONTINUES TO RESERVE?

                              Show Full Text
                            • 03:07:06 PM

                              MR. GRAVES

                              RESERVE.

                            • 03:07:07 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLELADY FROM THE DISTRICT OF COLUMBIA. WOULD YOU LIKE TO CLOSE?

                            • 03:07:10 PM

                              MS. NORTON

                              MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLELADY FROM…

                              MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLELADY FROM MICHIGAN,

                              Show Full Text
                            • 03:07:16 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLELADY FROM MICHIGAN IS RECOGNIZED FOR TWO MINUTES.

                            • 03:07:20 PM

                              MRS. LAWRENCE

                              I WANT TO THANK MY COLLEAGUE, MS. NORTON, FOR HAVING THIS AMAZING INTEREST…

                              I WANT TO THANK MY COLLEAGUE, MS. NORTON, FOR HAVING THIS AMAZING INTEREST TO OUR COUNTRY PUT BEFORE US FOR A VOTE. I RISE IN SUPPORT OF 1532, NO HUMAN TRAFFICKING ON OUR ROADS, AND 1536, THE COMBATING HUMAN TRAFFICKING IN COMMERCIAL VEHICLES ACT. AS THE VICE CHAIR OF THE CONGRESSIONAL BIPARTISAN CAUCUS ON WOMEN ISSUES, AND A MEMBER OF THE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE, I AM PLEASED THAT WE ARE SOLVING THESE ISSUES OF REAL CONCERN. HUMAN TRAFFICKING IS AN INEXCUSABLE CRIME. ACCORDING TO THE NATIONAL HUMAN TRAFFICKING RESOURCE CENTER, ABOUT EIGHT IN 10 REPORTED VICTIMS ARE WOMEN. IT'S A CRIME THAT EXPLOITS WOMEN MORE THAN ANYONE ELSE, AND ESPECIALLY YOUNG GIRLS. MR. SPEAKER, COMBATING HUMAN TRAFFICKING IS A SERIOUS CONCERN OF MINE AND UNFORTUNATELY IN MY DISTRICT, I REPRESENT THE METRO DETROIT AREA, A MAJOR INTERNATIONAL TRANSPORTATION AND SHIPPING HUB IN SOUTHEASTERN MICHIGAN. WE RANK NUMBER SEVEN IN THE TOTAL HUMAN TRAFFICKING CASES REPORTED IN OUR COUNTRY. THESE BILLS MARK PROGRESS TOWARD COMBATING HUMAN TRAFFICKING. WE ARE IMPROVING OUR SYSTEMS TO BETTER RECOGNIZE AND REPORT THIS CRIME. WE ARE CLOSING LOOPHOLES IN OUR TRANSPORTATION SYSTEM THAT TRAFFICKERS HAVE TAKEN ADVANTAGE OF FOR FAR TOO LONG. I'M PROUD TO SUPPORT THESE BILLS AND I URGE MY COLLEAGUES TO SUPPORT THEM AS WELL. MR. SPEAKER, TODAY I NEED A VOTE AND A VOICE FOR SOMETHING THAT IS GOOD FOR THIS COUNTRY. AND SO I STAND HERE IN SUPPORT AND I THANK YOU AND I YIELD BACK THE BALANCE OF MY TIME.

                              Show Full Text
                            • 03:09:33 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLELADY'S TIME HAS EXPIRED. THE GENTLEMAN FROM MISSOURI CONTINUES…

                              THE GENTLELADY'S TIME HAS EXPIRED. THE GENTLEMAN FROM MISSOURI CONTINUES TO RESERVE. THE GENTLELADY FROM THE DISTRICT OF COLUMBIA IS RECOGNIZED.

                              Show Full Text
                            • 03:09:38 PM

                              MS. NORTON

                              MR. SPEAKER, I YIELD BACK THE BALANCE OF MY TIME.

                            • 03:09:40 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLELADY FROM THE DISTRICT OF COLUMBIA YIELDS BACK THE BALANCE OF…

                              THE GENTLELADY FROM THE DISTRICT OF COLUMBIA YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM MISSOURI IS RECOGNIZED TO CLOSE.

                              Show Full Text
                            • 03:09:45 PM

                              MR. GRAVES

                              THANK YOU, MR. SPEAKER. MR. SPEAKER, I WOULD URGE MY COLLEAGUES TO JOIN ME…

                              THANK YOU, MR. SPEAKER. MR. SPEAKER, I WOULD URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS IMPORTANT LEGISLATION AND WITH THAT I YIELD BACK THE BALANCE OF MY TIME.

                              Show Full Text
                            • 03:09:52 PM

                              THE SPEAKER PRO TEMPORE

                              THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. ALL TIME HAVING…

                              THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. ALL TIME HAVING EXPIRED, THE QUESTION IS, WILL THE HOUSE SUSPEND THE RULES AND PASS SENATE 1536. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR --

                              Show Full Text
                            • 03:10:03 PM

                              MR. GRAVES

                              I ASK FOR THE YEAS AND NAYS.

                            • 03:10:05 PM

                              THE SPEAKER PRO TEMPORE

                              IN THE OPINION OF THE CHAIR, 2/3 OF THOSE VOTING HAVING RESPONDED IN THE…

                              IN THE OPINION OF THE CHAIR, 2/3 OF THOSE VOTING HAVING RESPONDED IN THE AFFIRMATIVE -- THE GENTLEMAN FROM MISSOURI IS RECOGNIZED. THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE AND REMAIN STANDING UNTIL COUNTED. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. PURSUANT TO CLAUSE 8 OF RULE 20, FURTHER PROCEEDINGS ON THIS QUESTION WILL BE POSTPONED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

                              Show Full Text
                            • 03:10:07 PM

                              At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

                              • 03:11:08 PM

                                Considered under the provisions of rule H. Res. 667. H.R. 3312 — "To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be subject to certain enhanced supervision, and for other purposes."

                                • 03:11:11 PM

                                  MR. HENSARLING

                                  MR. SPEAKER, PURR SUBTE TO HOUSE RESOLUTION -- PURSUANT TO HOUSE…

                                  MR. SPEAKER, PURR SUBTE TO HOUSE RESOLUTION -- PURSUANT TO HOUSE RESOLUTION 667, I CALL UP HOUSE RESOLUTION 3312.

                                  Show Full Text
                              • 03:11:13 PM

                                The resolution provides for consideration of the conference report to accompany H.R. 1. Additionally, the resolution provides for consideration of H.R. 3312, under a closed rule. The rule provides for one hour of general debate and one motion to recommit on both the conference report and H.R. 3312. Lastly, the rule provides for motions to suspend the rules through the remainder of the first session of the 115th Congress.

                                • 03:11:18 PM

                                  THE SPEAKER PRO TEMPORE

                                  THE CLERK WILL REPORT THE TITLE OF THE BILL.

                                • 03:11:20 PM

                                  THE CLERK

                                  UNION CALENDAR NUMBER 313. H.R. 3312. A BILL TO AMEND THE DODD-FRANK WALL…

                                  UNION CALENDAR NUMBER 313. H.R. 3312. A BILL TO AMEND THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT, TO SPECIFY WHEN BANK HOLDING COMPANIES MAY BE SUBJECT TO CERTAIN ENHANCED SUPERVISION AND FOR OTHER PURPOSES.

                                  Show Full Text
                                • 03:11:37 PM

                                  THE SPEAKER PRO TEMPORE

                                  IN LIEU OF THE AMENDMENT RECOMMENDED BY THE COMMITTEE ON FINANCIAL…

                                  IN LIEU OF THE AMENDMENT RECOMMENDED BY THE COMMITTEE ON FINANCIAL SERVICES PRINTED IN THE BILL, AN AMENDMENT IN THE NATURE OF A SUBSTITUTE CONSISTING OF THE TEXT OF THE RULES COMMITTEE PRINT 115-49, MODIFIED BY THE AMENDMENT PRINTED IN HOUSE REPORT 115-474, IS ADOPTED AND THE BILL AS AMENDED IS CONSIDERED READ. THE BILL AS AMENDED SHALL BE DEBATABLE FOR ONE HOUR, EQUALLY DIVIDED AND CONTROLLED BY THE CHAIR AND RANKING MINORITY MEMBER OF THE COMMITTEE ON FINANCIAL SERVICES. MR. HENSARLING AND MR. GREEN EACH WILL CONTROL 30 MINUTES. THE CHAIR NOW RECOGNIZES THE GENTLEMAN FROM TEXAS, MR. HENSARLING.

                                  Show Full Text
                                • 03:12:11 PM

                                  MR. HENSARLING

                                  I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS IN…

                                  I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS IN WHICH TO REVISE AND EXTEND THEIR REMARKS AND SUBMIT EXTRANEOUS MATERIALS ON THE BILL UNDER CONSIDERATION.

                                  Show Full Text
                            • 03:12:13 PM

                              DEBATE

                              The House proceeded with one hour of debate on H.R. 3312.

                              • 03:12:19 PM

                                THE SPEAKER PRO TEMPORE

                                WITHOUT OBJECTION.

                              • 03:12:21 PM

                                MR. HENSARLING

                                MR. SPEAKER, I YIELD MYSELF AS MUCH TIME AS I MAY CONSUME.

                              • 03:12:23 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN IS RECOGNIZED.

                              • 03:12:25 PM

                                MR. HENSARLING

                                MR. SPEAKER, TODAY I RISE IN STRONG SUPPORT OF H.R. 3312, THE SYSTEMIC…

                                MR. SPEAKER, TODAY I RISE IN STRONG SUPPORT OF H.R. 3312, THE SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT OF 2017. IT'S VERY IMPORTANT -- IT'S A VERY IMPORTANT PIECE OF LEGISLATION. IT WAS INTRODUCED BY MR. LUETKEMEYERER WHO SERVES AS CHAIRMAN OF THE FINANCIAL INSTITUTIONS AND CONSUMER CREDIT SUBCOMMITTEE OF THE FINANCIAL SERVICES COMMITTEE. AND IT IS CO-SPONSORED BY A BIPARTISAN GROUP OF MEMBERS OF THE HOUSE. IN FACT, MR. SPEAKER, THE BILL WAS APPROVED IN OCTOBER BY THE FINANCIAL SERVICES COMMITTEE WITH A VERY, VERY STRONG BIPARTISAN VOTE OF 47-12. SO STRONG, MR. SPEAKER, THAT EVEN A MAJORITY, A MAJORITY OF DEMOCRATS ON THE COMMITTEE, VOTED TO SUPPORT THE BILL. THIS BILL REFORMS WHAT REPUBLICANS AND NOW MANY DEMOCRATS ACKNOWLEDGE IS A FLAWED AND ARBITRARY FRAMEWORK UNDER THE DODD-FRANK ACT TO DESIGNATE SO-CALLED SYSTEMICALLY IMPORTANT FINANCIAL INSTITUTIONS , ALSO KNOWN AS SIFIS. IN FACT, ONE OF THOSE DEMOCRATS WHO ACKNOWLEDGES THAT IT IS A FLAWED FRAMEWORK, IS NONE OTHER THAN FORMER CHAIRMAN OF THE HOUSE FINANCIAL SERVICES COMMITTEE, BARNEY FRANK. THE VERY FRANK OF DODD-FRANK. THE CO-AUTHOR OF THE DODD-FRANK ACT. HE HIMSELF HAS SAID THAT THIS PROVISION IN THE DODD-FRANK ACT, THAT MANY OF US ARE TRYING TO REFORM TODAY, IS, QUOTE, ARBITRARY, UNQUOTE. AND, QUOTE, A MISTAKE, UNQUOTE. THOSE ARE HIS WORDS, MR. SPEAKER, NOT MINE. THAT ARBITRARY AND MISTAKEN PROVISION IS DODD-FRANK'S ONE-SIZE-FITS-ALL STANDARD THAT SUBJECTS BANKS WITH 50DS BILLION OR MORE INS A -- $50 BILLION OR MORE IN ASSETS TO THE SAME COSTLY AND CUMBERSOME SIFI REGULATORY STANDARDS AS TRILLION-DOLLAR GLOBAL SYSTEMICALLY IMPORTANT INSTITUTIONS. WE SHOULD TAKE NOTE THAT THIS FLAWED STANDARD HAS NOW BEEN CRITICIZED BY FEDERAL RESERVE CHAIR JANET YELLEN, FORMER FEDERAL RESERVE BOARD GOVERNOR, DAN TARULO, FORMER CONTROLLER OF THE CURRENCY, THOMAS CURIE, AND MANY OTHER OBAMA APPOINTEES. IN OTHER WORDS, MR. SPEAKER, IT'S THAT BAD. MR. LUETKEMEYER'S BIPARTISAN BILL, AGAIN, VERY STRONG BIPARTISAN BILL, REPLACES THIS INFLEXIBLE FLAWED $50 BILLION THRESHOLD THAT HAS BEEN CRITICIZED BY SO MANY WITH A SERIES OF WELL-ESTABLISHED, CRITICAL STANDARDS THAT MORE ACCURATELY MEASURE SYSTEMIC IMPORTANCE. SPECIFICALLY, HIS LEGISLATION REQUIRES THE FEDERAL RESERVE TO REVIEW A FINANCIAL INSTITUTION'S SIZE, INTERCONNECTEDNESS, GLOBAL CROSS-JURISDICTIONAL ACTIVITY AND COMPLEXITY BEFORE DETERMINING WHETHER THE INSTITUTION SHOULD BE SUBJECT TO HEIGHTENED SIFI REGULATORY STANDARDS. IN OTHER WORDS, THIS BIPARTISAN BILL TAILORS REGULATIONS BASED ON A BANK'S ACTUAL LEVEL OF RISK INSTEAD OF DODD-FRANK'S ONE-SIZE-FITS-ALL SYSTEM THAT ENSNARES SMALLER, REGIONAL AND MIDSIZED BANKS THAT ESSENTIALLY HAVE SIMPLE COMMUNITY BANK LENDING MODELS. THESE BANKS ARE NOT GLOBALLY COMPLEX WALL STREET BANKS AND SHOULDN'T BE TREATED THE SAME. IT SIMPLY DOESN'T MAKE SENSE TO SUBJECT SMALL, REGIONAL AND MIDSIZED BANKS WITH ONLY $50 BILLION IN ASSETS TO THE SAME EXPENSIVE AND CUMBERSOME SIFI REGULATORY REGIME AS A BANK LIKE JPMORGAN CHASE WHICH HAS $2.5 TRILLION IN ASSETS. . BASED ON SIZE ALONE, THE SMALLER BANK IS ONLY 2 FOSKET J.P. MORGAN CHASE'S SIZE. WHAT DOES MAKE SENSE, MR. SPEAKER IS TO PACE THE -- TO BASE THE REGULATION OF THESE FINANCIAL INSTITUTIONS ON THEIR ACTUAL RISK PROFILE RATHER THAN ASSET SIZE ALONE, WHICH IS EXACTLY WHAT MR. LUETKEMEYER'S STRONGLY BIPARTISAN BILL WILL DO. WHILE I PERSONALLY DO NOT SUPPORT THE SIFI ARCHITECTURE AT ALL AND DO NOT BELIEVE ANY FINANCIAL INSTITUTION IN AMERICA SHOULD BE DESIGNATED TOO BIG TO FAIL, IT IS IMPORTANT THAT WE ALWAYS CONTINUE TO WORK TO FIND BIPARTISAN REFORMS WHERE WE CAN FIND THEM AND IMPROVE CURRENT LAW AND THE LEGISLATION BEFORE US TODAY REPRESENTS A GOOD FAITH EFFORT TO DO EXACTLY THAT. AND LET'S KEEP IN MIND, MR. SPEAKER, THIS IS SIMPLY NOT A DEBATE OVER AN ARCANE DEFINITION IN LAW, IT'S ABOUT THE REAL WORLD EFFECT THESE REGULATIONS HAVE ON THE U.S. ECONOMY AND THE WORKING MEN AND WOMEN THAT WE REPRESENT. LET ME SHARE WITH MY COLLEAGUES WHAT THE SMALL BUSINESS AND ENTREPRENEURSHIP COUNCIL HAS TO SAY ABOUT THE IMPORTANCE OF THE BILL WE'RE DEBATING TODAY. QUOTE, ACCESS TO WORKING AND GROWTH CAPITAL REMAINS A CHALLENGE TO MANY ENTREPRENEURS AND SMALL BUSINESSES. H.R. 3312 WOULD IMPROVE THE LENDING ENVIRONMENT AND UNLEASH CAPITAL BY ALLEVIATING REQUIREMENTS IMPOSED ONED MY SIZED AND REGIONAL BANKS. MID SIZED AND REGIONAL BANKS WHICH MANY COUNT ON FOR STARTUP AND LENDING HAVE BEEN NEGATIVELY AFFECTED BY THIS ARBITRARY DODD-FRANK TRIGGER. THE AMERICAN PEOPLE DESERVE BETTER. THEY DESERVE A HEALTHY ECONOMY WITH GROWING PAYCHECKS, BETTER JOBS AND A BRIGHTER FUTURE. IT'S TIME TO RESTORE ECONOMIC GROWTH, FUELED BY CAPITAL, FLOWING FROM AMERICA'S BANKS TO AMERICAN COMMUNITIES ACROSS OUR NATION. SO I URGE MY COLLEAGUES TO CORRECT THIS WIDELY ACKNOWLEDGED MISTAKE IN DODD-FRANK, EVEN ACT NO, MA'AMED BY FORMER CONGRESSMAN BARNEY FRANK HIMSELF AND PUT INTO PLACE STANDARDS AND HELP OUR SMALL BUSINESSES ON MAIN STREET. I RESERVE THE BALANCE OF MY TIME.

                                Show Full Text
                              • 03:18:07 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN RESERVES. THE YELLOW LIGHT FROM TEXAS, MR. GREEN IS…

                                THE GENTLEMAN RESERVES. THE YELLOW LIGHT FROM TEXAS, MR. GREEN IS RECOGNIZED.

                                Show Full Text
                              • 03:18:12 PM

                                MR. GREEN

                                THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD 30 SECONDS TO THE GENTLEMAN FROM…

                                THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD 30 SECONDS TO THE GENTLEMAN FROM GEORGIA, MR. SCOTT.

                                Show Full Text
                              • 03:18:16 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN IS RECOGNIZED FOR 30 SECONDS.

                              • 03:18:19 PM

                                MR. SCOTT

                                THANK YOU VERY MUCH, MR. SPEAKER. AS THE DEMOCRATIC LEAD ON THIS BILL,…

                                THANK YOU VERY MUCH, MR. SPEAKER. AS THE DEMOCRATIC LEAD ON THIS BILL, THIS VERY IMPORTANT -- IT IS VERY IMPORTANT FOR ME TO POINT OUT I WORKED CLOSELY WITH CHAIRMAN BARNEY FRANK AND THE OBAMA ADMINISTRATION, BOTH OF WHICH ADMITTED AT THE TIME THAT IT WAS A MISTAKE, A BLUNT INSTRUMENT, TO BE ABLE TO JUST PUT AN ARBITRARY FIGURE OF $50 BILLION AND SAY THEY ARE A THREAT TO OUR FINANCIAL STABILITY. NO, OUR BANKING SYSTEM DESERVES BETTER THAN THAT. THE AMERICAN PEOPLE DESERVE BETTER THAN THAT. IT IS NOT THE AMOUNT OF MONEY THAT YOU'VE GOT IN YOUR ASSETS THAT CAUSES A PROBLEM. IT WAS WHAT THEY WERE DOING THAT CAUSED EXPOSURE SO WE WANT TO SUBSTITUTE THE $50 BILLION TO MAKE SURE THAT WE HAVE A FIVE-POINT TEST THAT THE FEDS WILL GIVE THAT WILL BE ABLE TO DETERMINE IF THEY ARE A THREAT TO OUR SECURITY. AND THEN TAILOR A PROGRAM OF ADVANCED SUPERVISION THAT WOULD PREVENT THEM FROM CAUSING US THIS PROBLEM. IT'S A GREAT BILL. IT'S TIME WE CORRECTED IT. AND I ASK ALL OF MY COLLEAGUES, BOTH DEMOCRATS AND REPUBLICANS, TO DO THE RIGHT THING FOR THE AMERICAN PEOPLE AND LET'S HAVE A RESOUNDING YES VOTE FOR THIS SIFI BILL. THANK YOU, MR. CHAIRMAN.

                                Show Full Text
                              • 03:19:48 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN'S TIME HAS EXPIRE. THE GENTLEMAN FROM TEXAS, MR. HENSARLING…

                                THE GENTLEMAN'S TIME HAS EXPIRE. THE GENTLEMAN FROM TEXAS, MR. HENSARLING IS RECOGNIZED.

                                Show Full Text
                              • 03:19:55 PM

                                MR. HENSARLING

                                I'M PLEASED TO YIELD FIVE MINUTES TO THE GENTLEMAN FROM MISSOURI, MR.…

                                I'M PLEASED TO YIELD FIVE MINUTES TO THE GENTLEMAN FROM MISSOURI, MR. LUETKEMEYER, THE SPONSOR, THE REPUBLICAN SPONSOR OF THE LEGISLATION AND THE CHAIRMAN OF OUR FINANCIAL SERVICES SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER CREDIT.

                                Show Full Text
                              • 03:20:06 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN IS RECOGNIZED FOR FIVE MINUTES.

                              • 03:20:11 PM

                                MR. LUETKEMEYER

                                THANK YOU, MR. SPEAKER. I WANT TO START BY THANKING TCHARME HENSARLING FOR…

                                THANK YOU, MR. SPEAKER. I WANT TO START BY THANKING TCHARME HENSARLING FOR HIS SUPPORT FOR THIS LEGISLATION AND I'D LIKE TO THANK MY GOOD FRIEND, REPRESENTATIVE SCOTT, FROM GEORGIA, FOR BEING A CO-SPON OR ON THE DEMOCRAT SIDE AND FOR THE HARD WORK HE'S GIVEN US HERE ON TRYING TO GET THIS THING DONE. HE'S BEEN A CHAMPION FOR US AND WE THANK HIM SINCERELY. TODAY THE HOUSE WILL CONSIDER H.R. 3312, THE SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT, A BIPARTISAN PIECE OF LEGISLATION TO ADDRESS AN INEFFICIENT REGULATORY STUCKTURE BY ACCOUNTING FOR ACTUAL RISK RATHER THAN SIZE ALONE IN SYSTEMIC IMPORTANT FINANCIAL INSTITUTIONS OR SIFI. UNDER CURRENT FRAMEWORK, SIFI DESIGNATIONS ANY BANK HOLDING COMPANY WITH MORE THAN $50 BILLION IN ASSETS IS SUBJECT TO REGULATORY SUPERVISION THIS APPROACH FAILS TO TAKE INTO ACCOUNT DIFFERENCES IN BUSINESS MODELS OR RISK OPPOSED TO THE -- OR RISK POSED TO THE FINANCIAL SYSTEM. IT HAS REAL WORLD IMPLICATIONS TO STUDYING ECONOMIC GROWTH AND LIMITING ACCESS TO CREDIT. THE RISK OF A TRADITIONAL BANK IS NOT THE SAME AS INTERNATIONAL ACTIVE COMPLEX FIRM. IN FACT THE FED HAS PRODUCED DATA SHOWING THE RISK OF EVERY SINGLE MID SIZED AND REGIONAL BANK WHICH PALED IN COMPARISON TO RISKS POSED BY MANY AND ALMOST ALL GLOBALLY IMPORTANT BANKS. H.R. 3312 WOULD REMOVE THIS THE APPROACH TAKEN TODAY AND REPLACE IT WITH ANALYSIS OF ACTUAL RISK OWED TO THE FINANCIAL SYSTEM. THE BILL WOULD REQUIRE REGULATORS TO EXAMINE NOT JUST SIZE BUT ALSO INTERCONNECTEDNESS, THE EXTENT OF READILY AVAILABLE SUBSTITUTES, CROSS JURISDICTIONAL ACTIVITY AND THE COMPLEXITY OF EACH BANK HOLDING COMPANY. TODAY'S METHOD ISN'T A REASONABLE REASON FOR SUPERVISION, A FACT THAT'S BEEN RECOGNIZED BY FED CHAIR YELLEN, TREASURY SECRETARY MNUCHIN AND MANY MEMBERS OF THIS BODY. EVEN BARNEY FRANK, AS CHAIRMAN HENSARLING JUST NOTED, THE FORMER DEMOCRATIC CHAIRMAN AND AUTHOR OF DODD-FRANK ACT, HAS SAID THE $50 BILLION THRESHOLD IS COMPLETELY ARBITRARY AND HAS HAD NEGATIVE IMPLICATIONS ON OUR ECONOMY. IT'S IMPORTANT TO NET THIS BILL WILL NOT AFFECT THE AUTHORITY OF THE REGULATION OF INSTITUTION. IT DOESN'T GAREN TIE THE -- GUARANTEE ANY BANK WILL BE PERMANENTLY FREED FROM THE SIFI DESIGNATION. IF THE FED FEELS A BANK DESERVES OVERSIGHT THEY WILL DO SO. I WANT TO DISCUSS THE BUDGET OFFICE C.B.O. SAID THIS WILL RESULT IN INDIRECT SPENDING. I DISAGREE. I BELIEVE MY BILL WILL CREATE A SAFER FINANCIAL SYSTEM. AT THE SAME TIME IT'S IMPORTANT TO ME AND MY COLLEAGUES THAT THE BILL COMES TO THE TAXPAYERS AT NO COSTS. THE OFFSET IN THE RULE COMMITTEES PRINT WILL FOLLOW MORE THAN -- WILL MORE THAN COVER ANY POTENTIAL HIT TO THE INSURANCE FUND AND MAKE THIS LEGISLATION BUDGET NEUTRAL. BOTTOM LINE IS THIS. AN INEFFICIENT REGULATORY STRUCTURE THAT DOES NOT REFLECT THE RETAIL OF THE U.S. BANKING SYSTEM CAN HAVE REAL ECONOMIC CONSEQUENCES. WE SHOULD NOT LET THE SIFI PROCESS LEAD TO MARK PLACE DISRUPTION OR PENALIZE COMPANIES FOR SIZE ALONE. I WORKED ON THIS LEGISLATION FOR THE LAST FOUR YEARS. I'VE NOT TONE IT ALONE. H.R. 3312 WAS DRAFTED IN GOOD FAITH WITH AND WITH CONSIDERABLE INPUT FROM MANY OF MY FRIENDS ON THE OTHER SIDE OF THE AISLE AS WELL. BECAUSE WE WORKED TOGETHER, THIS LEGISLATION RECEIVED BROAD BIPARTISAN SUPPORT AND WAS REPORTED BY THE FVENSRBLE SERVICES COMMITTEE WITH A VOLT OF 47-12. THAT MEANS NEARLY 80% OF THE COMMITTEE MEMBERS VOTED IN FARE OF THIS LEGISLATION. I WANT TO THANK MY COLLEAGUES FOR THEIR HEALTH IN THIS EFFORT, NAMELY MR. SCOTT, SS SINEMA, MR. HILL, MRS. BEATTY, MR. BUDD, MR. MEEKS. THIS IS IMPORTANT ISSUE AND I HOPE OUR COLLEAGUES WILL JOIN US IN SUPPORTING THIS BIPARTISAN COMMONSENSE MEASURE. MR. SPEAKER, AT THE END OF THE DAY THIS IS A BILL ABOUT THE ABILITY TO ALLOW BANKS THAT ARE CAUGHT IN A CALIFORNIA HOTEL SITUATION HERE TO BE ABLE TO GET OUT OF THIS WITH A GOOD ANALYSIS OF THE RISK PROFILE OR BUSINESS MODEL BECAUSE AT THE END OF THE DAY THIS IS WHAT IT'S ALL ABOUT. THEIR BUSINESS MODEL IS NOT A RISK TO THIS COUNTRY OR THE ECONOMIC SYSTEM WE HAVE. IT'S NOT LIKE THE INTERNATIONAL CONNECTED BANKS AND THEREFORE THEY SHOULDN'T BE TREATED AS SUCH. THE RESULT, THIS IS IMPORTANT FOR NOT ONLY THE MID SIZED BANKS OR THE BANKS BELOW THEM BECAUSE REGULATORS HAVE BEEN ALLOWING THESE SORTS OF REQUIREMENTS AND RULES TO ROLL DOWNHILL ON COMMUNITY BANKS AS WELL. IT'S TIME TO PUT A STOP THIS. IT'S IMPORTANT TO TAKE A PRAGMATIC APPROACH THIS PROCESS AND LIMIT THE REAL THREATS TO THE FINANCIAL SYSTEM. WITH THAT, I YIELD BACK THE BALANCE OF MY TIME.

                                Show Full Text
                              • 03:25:03 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR. GREEN IS…

                                THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR. GREEN IS RECOGNIZED.

                                Show Full Text
                              • 03:25:06 PM

                                MR. GREEN

                                I RESERVE AT THIS TIME.

                              • 03:25:08 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN RESERVES. THE GENTLEMAN FROM TEXAS, MR. HENSARLING IS…

                                THE GENTLEMAN RESERVES. THE GENTLEMAN FROM TEXAS, MR. HENSARLING IS RECOGNIZED.

                                Show Full Text
                              • 03:25:16 PM

                                MR. HENSARLING

                                AT THIS TIME I AM PLEASED TO YIELD THREE MINUTES TO THE GENTLELADY FROM…

                                AT THIS TIME I AM PLEASED TO YIELD THREE MINUTES TO THE GENTLELADY FROM MISSOURI, THE CHAIRWOMAN OF THE FINANCIAL SERVICES SUBCOMMITTEE ON OVERSIGHT AND INVESTIGATIONS, MS. WAGNER.

                                Show Full Text
                              • 03:25:27 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLELADY IS RECOGNIZED FOR THREE MINUTES.

                              • 03:25:33 PM

                                MS. WAGNER

                                I'M PROWS TO RISE IN SUPPORT OF MY COLLEAGUE, MR. -- CHAIRMAN BLAINE…

                                I'M PROWS TO RISE IN SUPPORT OF MY COLLEAGUE, MR. -- CHAIRMAN BLAINE LUETKEMEYER AND URGE IMMEDIATE PASSAGE OF HIS BILL, THE SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT OF 2017. H.R. 2312 USES A COMMONSENSE APPROACH TO ALLOW REGULATORS THE OPPORTUNITY TO WEIGH MULTIPLE FACTORS BEFORE DEEMING A FINANCIAL INSTITUTION SYSTEMICALLY IMPORTANT. MORE IMPORTANTLY, THE BILL WOULD ALLOW THE FINANCIAL STABILITY OVERSIGHT COUNCIL TO MORE PRECISELY IDENTIFY SYSTEMIC RISKS BY DIFFERENTIATING BETWEEN STABLE ACTIVITIESENED THOSE THAT WOULD TRULY THREATEN THE FINANCIAL STABILITY OF THE UNITED STATES. UNDER THE DODD-FRANK ACT, THE FEDERAL RESERVE WAS GIVEN NEVER BEFORE SEEN REGULATORY POWER TO SUPERVISE THOSE THAT WERE DEEMED SYSTEMICALLY IMPORTANT. UNFORTUNATELY, THE FED HAS CHOSEN TO IGNORE TAILORING THEIR REGULATORY STANDARDS AND CONTINUES TO BASE THEM ON ASSETS -- ASSET SIZE ALONE. IF AN INSTITUTION INDEED IS A MINIMAL RISK IT IS VITAL TO MAKE SURE THOSE STANDARDS REFLECT THAT LOWER RISK. FINALLY, IT IS IMPORTANT TO NOTE THAT AN ARBITRARY THRESHOLD DOESN'T MATTER TO THOSE COSTS IN THIS SIFI WEB. THESE FINANCIAL INSTITUTIONS OFTEN FACE SIGNIFICANT COMPLIANCE COSTS UNDER A SIFI DESIGNATION, REDIRECTING RESOURCES THAT OTHERWISE WOULD PROVIDE CONSUMERS WITH AFFORDABLE FINANCIAL PRODUCTS. CHAIRMAN LUETKEMEYER'S BILL CREATES A FRAMEWORK THAT PROMOTES RESPONSIBLE REGULATION AND ENFORCES MARKET DISCIPLINE ALL WHILE PROTECTING TAXPAYER FROM -- TAXPAYERS FROM UNNECESSARY BAILOUT. MR. SPEAKER, AGAIN, I WANT TO APPLAUD MY FRIEND, THE GENTLEMAN FROM MISSOURI, CHAIRMAN LUETKEMEYER, FOR HIS LEADERSHIP ON THIS ISSUE, H.R. 3312 IS ABOUT SMARTER REGULATION. I URGE ALL MY COLLEAGUES TO SUPPORT CHAIRMAN LUETKEMEYER'S BILL AND I YIELD BACK THE BALANCE OF MY TIME.

                                Show Full Text
                              • 03:27:33 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM…

                                THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM TEXAS, MR. GREEN, CONTINUES TO RESERVE. THE GENTLEMAN FROM TEXAS, MR. HENSARLING, IS RECOGNIZED.

                                Show Full Text
                              • 03:27:47 PM

                                MR. HENSARLING

                                I'M NOW HAPPY TO YIELD THREE MINUTES TO THE GENTLEMAN FROM KENTUCKY, MR.…

                                I'M NOW HAPPY TO YIELD THREE MINUTES TO THE GENTLEMAN FROM KENTUCKY, MR. BARR, THE CHAIRMAN OF THE FINANCIAL SERVICES SUBCOMMITTEE ON MONETARY POLICY AND TRADE.

                                Show Full Text
                              • 03:27:56 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

                              • 03:27:59 PM

                                MR. BARR

                                TODAY IN SUPPORT OF A BIPARTISAN BILL, THE SYSTEMIC RISK DESIGNATION…

                                TODAY IN SUPPORT OF A BIPARTISAN BILL, THE SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT, INTRODUCED BY MY GOOD FRIEND AND COLLEAGUE CONGRESSMAN BLAINE LUETKEMEYER OF MISSOURI AND I ALSO WANT TO THANK CHAIRMAN HENSARLING FOR HIS LEADERSHIP AND FOR MY FRIENDS ON THE OTHER SIDE OF THE AISLE, PARTICULARLY MR. SCOTT OF GEORGIA, FOR HIS LEADERSHIP IN SUPPORT OF THIS LEGISLATION. AMONG THE LEAST TRANSPARENT AND MOST MYSTERIOUS BLACK HOLES OF THE UNITED STATES GOVERNMENT IS THE PROCESS UNDER WHICH -- UNDER THE DODD-FRANK FINANCIAL CONTROL LAW BY WHICH U.S. FINANCIAL FIRMS ARE DESIGNATED TOO BIG TO FAIL. FORMERLY CALLED SYSTEMICALLY IMPORTANT FINANCIAL INSTITUTIONS, SIFI'S, THESE ARE CONSIDERED BY ALL-KNOWING WASHINGTON BUREAUCRATS AS BUSINESSES SO CRITICAL TO THE NATION'S ECONOMY THEY NEED TO BE BURDENED WITH ADDITIONAL REGULATIONS, SUPERVISED MORE STRICTLY TO FURTHER THE CAUSE OF BUREAUCRATS, AND DEDSIG NATED AS A SIFI TO SEND A CLEAR DESIGNATION TO INVESTORS IT IS A FIRM MOST LIKELY TO BE BUILD OUT BY TAXPAYERS IN THE NEXT CRISIS. FOR BANK SIFI'S THERE'S A ONE-SIZE-FITS-ALL DESIGNATION MODEL THAT SAYS ANY BANK WITH MORE THAN $50 BILLION IN ASSETS IS A SIFI. BUREAUCRATS CO-LITTLE TO NOTHING TO ACCOUNT FOR THE NATURE OF EACH INSTITUTION TO DETERMINE IT IS BETTER OR WORSE EQUIPPED TO DEAL WITH FINANCIAL TURBULENT. THEY ARE NOT TOLD WHAT THEY NEED TO DO TO RID THEMSELVESES OF THE SHACK THOLVES SIFI DESIGNATION. INSTEAD THEY'RE LEFT IN THE DARK TO GUESS WHAT THEY CAN DO TO DERISK BY FEDERAL REGULATORS AND EVEN IF FIRMS TRY TO MAKE REFORM, THEY HAVE NO IDEA IF THE CHANGES THEY ARE MAKING WILL HELP THEM SHED THEMSELVESES OF THIS ARBITRARY DESIGNATION. IN THE END, THE ENTIRE SIFI PROCESS DOES LIT TL MAKE OUR ECONOMY STRONGER AND MORE RESILIENT. INSTEAD, DESIGNATED U.S. FIRMS AND THEIR WORKERSERS ARE HARMED AN DISADVANTAGED RELATIVE TO THEIR. FOR THESE REASONS I SUPPORT THIS SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT WHICH WILL GIVE MUCH-NEEDED TRANSPARENCY@ DESIGNATION PROCESS AND ELIMINATE THE AUTOMATIC DEZ IGS NATION OF BANKS WITH MORE THAN $50 BILLION IN ASSETS. UNDER THIS LEGISLATION, BANKS WILL BE JUDGED BY THEIR MERITS, SUCH AS INTERCONNECTEDNESS, SIZE, COMPLEXITY AND SUBSTITUTEABILITY AND THE JUSTIFICATIONS FOR DESIGNATION WILL BE CLEARLY COMMUNICATED TO THEM. THE END RESULT WILL BE GREATER CREDIT AVAILABILITY FOR SMALL BUSINESSES, MORE CAPITAL FORMATION, MORE HELP FOR CONSUMERS, GREATER CONSUMER CHOICE, GREATER ECONOMIC GROWTH AND GREATER COMPETITION. AGAIN, I WANT TO THANK MR. LUETKEMEYER AND MR. HENSARLING FOR THEIR LEADERSHIP ON THIS CRITICAL ISSUE AND URGE MY COLLEAGUES TO SOCIETY FOR THIS LEGISLATION. I YIELD BACK.

                                Show Full Text
                              • 03:30:50 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR. GREEN, CAN'TS TO…

                                THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR. GREEN, CAN'TS TO RESERVE. MR. -- CONTINUES TO RESERVE.

                                Show Full Text
                              • 03:30:56 PM

                                MR. GREEN

                                HOW MUCH TIME DO WE HAVE?

                              • 03:30:58 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM TEXAS, MR. HENSARLING HAS 14 AND A HALF MINUTES.

                              • 03:31:04 PM

                                MR. GREEN

                                I CONTINUE TO RESERVE.

                              • 03:31:05 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM TEXAS, MR. HENSARLING. .

                              • 03:31:13 PM

                                MR. HENSARLING

                                MAY I INQUIRE IF MY COLLEAGUE ANTICIPATES HAVING SPEAKERS ON THE BILL --…

                                MAY I INQUIRE IF MY COLLEAGUE ANTICIPATES HAVING SPEAKERS ON THE BILL -- COLLEAGUE ANTICIPATES HAVING SPEAKERS ON THE BILL?

                                Show Full Text
                              • 03:31:19 PM

                                MR. GREEN

                                I DO AND I'LL BE MAKING COMMENTS MYSELF.

                              • 03:31:22 PM

                                MR. HENSARLING

                                AT THIS TIME I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLEMAN FROM…

                                AT THIS TIME I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLEMAN FROM ILLINOIS, THE VICE CHAIRMAN OF THE FINANCIAL SERVICES SUBCOMMITTEE ON CAPITAL MARKETS, SECURITIES AND INVESTMENT, MR. HULTGREN.

                                Show Full Text
                              • 03:31:31 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM ILLINOIS IS RECOGNIZED FOR TWO MINUTES.

                              • 03:31:34 PM

                                MR. HULTGREN

                                MR. SPEAKER, I WANT TO THANK CHAIRMAN HENSARLING FOR HIS CONTINUED WORK ON…

                                MR. SPEAKER, I WANT TO THANK CHAIRMAN HENSARLING FOR HIS CONTINUED WORK ON THIS AND I ALSO WANT TO THANK MY COLLEAGUE AND FRIEND FROM MISSOURI, MR. LUETKEMEYER, FOR HIS IMPORTANT WORK ON THIS ISSUE. I'M PROUD TO BE A CO-SPONSOR ON THIS LEGISLATION BECAUSE THIS IS AN IMPORTANT BILL FOR REGIONAL BANKS IN ILLINOIS. BUT ALSO AROUND THE COUNTRY. THE FINANCIAL SERVICES COMMITTEE HAS SPENT A SIGNIFICANT AMOUNT OF TIME DEBATING WHICH BANKS SHOULD QUALIFY AS SO-CALLED COMMUNITY BANKS AND REGIONAL BANKS WHEN DETERMINING HOW TO LEGISLATE REGULATORY RELIEF. I HAVE TO AGREE THAT AS A BANK STARTS GETTING LARGER, THEY START LOOKING LESS AND LESS LIKE COMMUNITY BANKS. BUT BOTH REPUBLICANS AND DEMOCRATS HAVE AGREED THAT ASSET SIZE SHOULD NOT BE THE SOLE CHARACTERISTIC FOR DETERMINING A BANK'S RISKINESS TO THE FINANCIAL SYSTEM. THERE ARE A NUMBER OF BANKS THAT HAVE SUCCESSFULLY MADE USE OF THE TRADITIONAL COMMUNITY BANK BUSINESS MODEL OF DEPOSIT TANKING AND LENDING THAT HAVE GROWN IN SIZE. SOME HAVE GROWN SUBSTANTIALLY AND NOW THEY'RE ABLE TO SERVE MORE THAN ONE COMMUNITY. CONGRESS SHOULD NOT PUNISH THESE FINANCIAL INSTITUTIONS WITH AN ASSET THRESHOLD THAT EVEN CONGRESSMAN BARNEY FRANK DESCRIBED AS ARBITRARY. OUR POLICIES SHOULD ENCOURAGE LOW-RISK RELATIONSHIP LENDING SO COMMUNITIES CAN BENEFIT FROM INSTITUTIONS OF DIFFERENT SIZES. AT A MINIMUM WE SHOULD PROVIDE THE BANKING REGULATORS SOME FLEXIBILITY TO DETERMINE WHICH INSTITUTIONS WITH ASSETS OVER $50 BILLION POSE HIGHER RISK TO THE FINANCIAL SYSTEM. IN ADDITION TO THE OUTSTANDING COMMUNITY BANKS IN MY DISTRICT, MY CONSTITUENTS ALSO LOOK TO REGIONAL BANKS WHEN THEY'RE TRYING TO FIND BEST RATES ON MORTGAGES, CAR LOANS, CREDIT CARDS OR THEIR STUDENT LOANS. DISCOVER FINANCIAL SERVICES, WHICH HAS ITS HEADQUARTERS JUST OUTSIDE MY DISTRICT IN RIVERWOODS, ILLINOIS, HAS A SIMPLE BUSINESS MODEL THAT INCLUDES CREDIT CARDS, STUDENT LOANS, HOME EQUITY LENDING AND A NUMBER OF DEPOSIT PRODUCTS THAT YOU'D EXPECT FROM A MAIN STREET FINANCIAL INSTITUTION. AND THIS IS THE ONLY BUSINESS DISCOVER'S IN. NOTHING THEY DO IS COMPARABLE TO WHAT YOU MIGHT SEE IN ONE OF THE BIG MONEY CENTER BANKS. SO WHY WOULD -- WHY DID CONGRESS MANDATE THAT THIS BANK BE DESIGNATED AS SYSTEMICALLY IMPORTANT? THE CURRENT LAW IS ARBITRARY AND SUBJECTS THESE BANKS TO THE SAME STANDARDS AND TRILLION-DOLLAR GLOBAL INSTITUTIONS. AUTOMATICALLY DESIGNATING THESE INSTITUTIONS AS SYSTEMICALLY IMPORTANT UNNECESSARILY INCREASES THE COST OF LENDING AND MAKES IT MORE DIFFICULT FOR MY CONSTITUENTS TO ACHIEVE THEIR FINANCIAL GOALS. I ENCOURAGE MY COLLEAGUES TO SUPPORT THE SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT OF 2017. AND I YIELD BACK.

                                Show Full Text
                              • 03:33:58 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN'S TIME HAS EXPIRED.

                              • 03:34:02 PM

                                MR. GREEN

                                I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                              • 03:34:04 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN IS RECOGNIZED.

                              • 03:34:06 PM

                                MR. GREEN

                                MR. SPEAKER, BECAUSE I BELIEVE IN TRUTH IN LABELING, TRUTH IN TITLING,…

                                MR. SPEAKER, BECAUSE I BELIEVE IN TRUTH IN LABELING, TRUTH IN TITLING, TRUTH IN THE STYLE OF LEGISLATION, MR. SPEAKER, I BELIEVE THAT THIS BILL SHOULD BE APPROPRIATELY STYLED THE BIG BANK BONUS BILL. AS A MATTER OF FACT, MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT THIS BILL BE STYLED THE BIG BANK BONUS BILL.

                                Show Full Text
                              • 03:34:33 PM

                                THE SPEAKER PRO TEMPORE

                                THE CHAIR CANNOT ENTERTAIN THAT REQUEST WITHOUT APPROPRIATE CLEARANCE. THE…

                                THE CHAIR CANNOT ENTERTAIN THAT REQUEST WITHOUT APPROPRIATE CLEARANCE. THE GENTLEMAN'S REQUEST IS OUT OF ORDER. THE CHAIR CANNOT ENTERTAIN THAT REQUEST.

                                Show Full Text
                              • 03:34:45 PM

                                MR. GREEN

                                MR. SPEAKER, MY FRIENDS ON THE OTHER SIDE HAVE SAID MUCH ABOUT BARNEY…

                                MR. SPEAKER, MY FRIENDS ON THE OTHER SIDE HAVE SAID MUCH ABOUT BARNEY FRANK. CHAIRMAN FRANK WAS A DEAR FRIEND OF MINE. I KNEW HIM WELL. STILL DO KNOW HIM WELL. MR. SPEAKER, CHAIRMAN FRANK HAS NOT ENDORSED THIS BILL. THE LANGUAGE THAT THEY HAVE USED WOULD LEAD AN UNSUSPECTING PERSON TO CONCLUDE THAT CHAIRMAN FRANK SUPPORTS THIS PIECE OF LEGISLATION. HE DOES NOT. I HAVE IN MY HAND A LETTER FROM CHAIRMAN FRANK. I'LL READ A PORTION OF IT. HE INDICATES THAT H.R. 3312 SIGNIFICANTLY INCREASES THE NEED FOR SUBJECTIVE JUDGMENT BY THE REGULATORS AND VERY MUCH WEAKENS THE ABILITY OF FINANCIAL INSTITUTIONS TO RELY ON CLEAR RULES TO GUIDE THEIR DECISION MAKING. MR. SPEAKER, WITHOUT QUESTION, CHAIRMAN FRANK DOES NOT SUPPORT THIS LEGISLATION. MY FRIENDS HAVE MADE MUCH TO DO ABOUT THE TERM ARBITRARY. A THRESHOLD THAT'S ARBITRARY. WHAT IS MORE THRESHOLD-ARBITRARY THAN REDUCING THE CORPORATE TAX RATE FROM 35% TO 21%? WHICH YOU JUST DID. WHAT'S MORE ARBITRARY THAN REDUCING THE INDIVIDUAL TAX RATE FROM 39.6% TO 37%? WHICH YOU JUST DID. YOU ARE THE MASTERS OF ARBITRARY NUMBERS. THAT BILL THAT YOU JUST PASSED IS FULL OF THEM. SO I WOULD SUGGEST THAT YOU EXAMINE YOUR THOUGHTS ABOUT ARBITRARY BEFORE WE CONTINUE BECAUSE I HAVE MORE TO SAY ABOUT ARBITRARY NUMBERS. WITH THIS I YIELD FOUR MINUTES TO MY COLLEAGUE FROM MARYLAND.

                                Show Full Text
                              • 03:36:45 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN VOIDS FOR FOUR MINUTES. -- IS RECOGNIZED FOR FOUR MINUTES.

                              • 03:36:49 PM

                                MR. SARBANES

                                THANK YOU, MR. SPEAKER. AND I WANT TO THANK MY COLLEAGUE FOR YIELDING. I…

                                THANK YOU, MR. SPEAKER. AND I WANT TO THANK MY COLLEAGUE FOR YIELDING. I RISE TODAY IN STRONG OPPOSITION TO H.R. 3312. I APPRECIATE MY COLLEAGUE'S REDESIGNATION, RENAMING OF THE BILL. I THINK IT'S MUCH MORE APPROPRIATE. THIS IS A COMPLETELY UNWARRANTED PIECE OF LEGISLATION. IF YOU LOOK AT IT, IT'S JUST ANOTHER GIFT TO THE WEALTHY AND THE WELL CONNECTED ON WALL STREET. WE KEEP SAYING THAT OVER HERE. BECAUSE IT'S TRUE. IT'S CRAZY, IN 2008 THE ECONOMY WAS BROUGHT TO ITS KNEES. RECKLESS BEHAVIOR OUT THERE BY A LOT OF THESE HUGE INSTITUTIONS, THE NATION'S LARGEST FINANCIAL INSTITUTIONS, CRASHED THE ECONOMY. EVERYBODY KNOWS IT. AND SO WHAT DID WE DO? WE TOOK STEPS, SMART STEPS. WE PUT IN PLACE THE WALL STREET REFORM AND CONSUMER PROTECTION ACT OF 2010. AND I THINK MOST AMERICANS WERE COMFORTED BY THAT. THEY FELT, OK, THERE'S GUARD RAILS IN PLACE NOW. SO THIS KIND OF THING CAN'T HAPPEN AGAIN. BUT THE FACT OF THE MATTER IS THAT AS SOON AS THE INC. WAS DRY ON THAT LAW -- INK WAS DRY ON THAT LAW, LOBBYISTS MOVED IN, THE SPECIAL INTERESTS MOVED IN AND THEY STARTED TO UNWIND THE CORE PROVISIONS AND THE GUARD RAILS ARE STARTING TO COME DOWN. THIS IS CRAZY. THIS IS A CASE OF AMNESIA AT BEST OR CYNICAL CAPITULATION TO WALL STREET AT WORST. PROPONENTS OF THE LEGISLATION SAY THIS IS ABOUT HELPING THE MOM AND POP BANKS ON MAIN STREET . MAIN STREET. WHERE INSTITUTIONS LIKE COUNTRYWIDE AND WASHINGTON MUTUAL AND OTHERS, THESE ARE THE NAMES THAT HAUNT A LOT OF AMERICANS. A LOT OF AMERICAN HOUSEHOLDS SUFFERED BECAUSE OF THE BEHAVIOR OF THOSE INSTITUTIONS. WERE THEY MAIN STREET BANKS? THE FACT IS, UNDER THE BILL BEFORE US, SOME OF THE NATION'S LARGEST BANKS, WHOSE FAILURE LED TO THE CARNAGE OF 2008, THEY'D BE EXEMPT FROM HEIGHTENED OVERSIGHT. EXACTLY THE KIND OF INSTITUTIONS THAT THE PUBLIC WANTS US TO KEEP AN EYE ON, WOULD NO LONGER HAVE THAT OVERSIGHT IN PLACE. OF THOSE STILL STANDING, 30 OF THE 38 NATION'S LARGEST FINANCIAL INSTITUTIONS WOULD ESCAPE SENSIBLE OVERSIGHT IMPOSED BY DODD-FRANK. EVEN MORE THAN THAT, THIS LEGISLATION IS BASED ON THE FALSE PREMISE THAT THE REFORMS OF DODD-FRANK WERE ONE-SIZE-FITS-ALL. THAT'S THE PHRASE WE ALWAYS HEAR TO JUSTIFY LETTING GO OF THE REINS. OH, IT'S ONE-SIZE-FITS-ALL, PEOPLE CAN'T FIT INTO THIS. WE HAVE TO DO SOMETHING. BUT NEW YORK THE AGENCY WAS GIVEN THE MANEUVERING ROOM -- THE AGENCY WAS -- BUT NO, THE AGENCY WAS GIVEN THE MANEUVERING ROOM TO CUSTOMIZE THINGS AND HAVE BEEN IN A POSITION TO DO THAT. THERE WAS A PREMIUM PUT ON REGULATORY FLEXIBILITY. EXPLICITLY INSTRUCTING THE FEDERAL RESERVE TO TAILOR ITS PRUDENTIAL REGULATORY REGIME BASED ON SIZE AND RISK PROFILE OF FINANCIAL INSTITUTIONS. IRONICALLY THE CHANGES TO ASSET THRESHOLDS WILL INCREASE THE LIKELIHOOD OF CONSOLIDATION, AS LARGE FINANCIAL INSTITUTIONS AND BANKS CAN NOW GROW, THAT IS BUY OUT SMALL PLAYERS, BEYOND THE $50 BILLION THRESHOLD. SO THE BANKS ARE GOING TO START GROWING BIGGER AGAIN. THE FINANCIAL INSTITUTIONS ARE GOING TO GET HEAVIER AGAIN. IT MAKES IT EASIER FOR THEM TO CRASH THROUGH WHATEVER GUARD RAILS WE CAN BUILD. THE PUBLIC DOESN'T WANT THIS. AND THAT MEANS TRUE COMMUNITY BANKS VERY WELL MIGHT BE ABSORBED BY SUPERREGIONAL BANKS, WHICH WOULD -- SUPER-REGIONAL BANKS, WHICH WOULD WORSEN PRICING. MR. SPEAKER, AMERICANS ARE TIRED OF WATCHING THIS CONGRESS FORGET THE LESSONS OF THE 2008 FINANCIAL CRASH. THEY'RE TIRED OF A CONGRESS WHO ROUTINELY FAVORS WALL STREET OVER THE INTERESTS OF MAIN STREET. AND THEY'RE TIRED OF THE SAME WORN-OUT TALKING POINTS THAT ARE USED TO JUSTIFY DEREGULATION OF WALL STREET. I URGE MY COLLEAGUES TO OPPOSE THIS BILL. AND I YIELD BACK.

                                Show Full Text
                              • 03:41:03 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS, MR.…

                                THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS, MR. HENSARLING, IS RECOGNIZED.

                                Show Full Text
                              • 03:41:07 PM

                                MR. HENSARLING

                                THANK YOU, MR. SPEAKER. I'M NOW PLEASED TO YIELD AND A MINUTE AND A HALF…

                                THANK YOU, MR. SPEAKER. I'M NOW PLEASED TO YIELD AND A MINUTE AND A HALF TO THE GENTLEMAN FROM MINNESOTA, HARDWORKING MEMBER OF THE FINANCIAL SERVICES COMMITTEE, MR. EMMER.

                                Show Full Text
                              • 03:41:15 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM MINNESOTA IS RECOGNIZED FOR A MINUTE AND A HALF. 'EM M…

                                THE GENTLEMAN FROM MINNESOTA IS RECOGNIZED FOR A MINUTE AND A HALF. 'EM M I THANK THE CHAIRMAN --

                                Show Full Text
                              • 03:41:19 PM

                                MR. EMMER

                                I THANK THE CHAIRMAN FOR YIELDING. 10 YEARS AGO SOMMER AMERICA'S LARGEST…

                                I THANK THE CHAIRMAN FOR YIELDING. 10 YEARS AGO SOMMER AMERICA'S LARGEST FINANCIAL INSTITUTIONS FAILED -- SUMMER -- 10 YEARS AGO SOME OF AMERICA'S LARGEST FINANCIAL INSTITUTIONS FAILED IT. RUINED LIVES ACROSS -- FAILED. IT RUINED LIVES ACROSS THE COUNTRY. CONGRESS SET OUT TO PREVENT A FUTURE CRISIS BY REQUIRING ENHANCED SUPERVISION AND REGULATION OF SOME OF THE BIGGEST FINANCIAL INSTITUTIONS IN THE COUNTRY. BY PASSING THE DODD-FRANK ACT. IN DODD-FRANK, CONGRESS DEFINED THE LARGEST FINANCIAL INSTITUTIONS AS, QUOTE, SYSTEMICALLY IMPORTANT FINANCIAL INSTITUTIONS, MORE COMMONLY REFERRED TO AS SIFIS, WITH THOSE WITH MORE THAN $50 BILLION IN ASSETS. THE GOAL OF PREVENTING OUR NATION'S LARGEST FINANCIAL INSTITUTIONS FROM FAILING AND BRINGING DOWN OUR ENTIRE FINANCIAL SYSTEM IS LAUDABLE. THE PROBLEM, HOWEVER, IS DODD-FRANK'S DEFINITION OF WHAT CONSTITUTES A SIFI. THE $50 BILLION ASSET THRESHOLD. IN FACT, THE CREATOR OF THE THRESHOLD AND FORMER CHAIR OF THE FINANCIAL SERVICES COMMITTEE, BARNEY FRANK, ADMITS THE THRESHOLD IS ARBITRARY AND HE SUPPORTS CHANGING THE THRESHOLD. H.R. 3312, THE SYSTEMIC RISK -- SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT, WE MOVES THE ARBITRARY ASSET THRESHOLD AND INSTEAD WILL CLASSIFY THE LARGEST FINANCIAL INSTITUTIONS BY THEIR ACTIVITIES. DIFFERENTIATING BETWEEN STABLE ACTIVITIES AND THOSE THAT COULD POTENTIALLY THREATEN THE FINANCIAL STABILITY OF THE UNITED STATES IS A MORE ACCURATE WAY TO IDENTIFY AND MONITOR RISK. I ASK ALL MY COLLEAGUES TO SUPPORT THIS IMPORTANT AND APPROPRIATE POLICY CHANGE, TO ENSURE THE CONTINUED STABILITY OF OUR FINANCIAL SYSTEM BY PASSING H.R. 3312. AND I YIELD BACK.

                                Show Full Text
                              • 03:43:06 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM MINNESOTA YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR.…

                                THE GENTLEMAN FROM MINNESOTA YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR. GREEN, IS RECOGNIZED.

                                Show Full Text
                              • 03:43:11 PM

                                MR. GREEN

                                I YIELD MYSELF SUCH TIME AS I MAY CONSUME AND I'D LIKE TO ENGAGE MY FRIEND…

                                I YIELD MYSELF SUCH TIME AS I MAY CONSUME AND I'D LIKE TO ENGAGE MY FRIEND FROM MINNESOTA, IF I MAY, BEFORE HE LEAVES. WOULD THE GENTLEMAN PLEASE NOT LEAVE. MR. HENSARLING, WOULD YOU ASK THE GENTLEMAN NOT TO LEAVE THINK? WANT TO ENGAGE HIM. MR. HENSARLING -- I WANT TO ENGAGE HIM -- LEAVE. I WANT TO ENGAGE HIM. MR. HENSARLING. MR. EMMER, IF YOU'D COME BACK PLEASE. THANK YOU. I'D LIKE TO ENGAGE WITH YOU FOR JUST A MOMENT, IF I MAY. THE GENTLEMAN DECLINES. IS THERE ANYONE ON THE OTHER SIDE THAT I CAN TALK TO? MR. HENSARLING? IS 39.6 ARBITRARY, REDUCING THE TAXES ON INDIVIDUALS FROM 39.6% TO 37%, WHAT IS 37%? WHY IS IT NOT ARBITRARY?

                                Show Full Text
                              • 03:43:59 PM

                                MR. HENSARLING

                                IS THE GENTLEMAN PREPARED TO YIELD ME TIME?

                              • 03:44:03 PM

                                MR. GREEN

                                PARDON?

                              • 03:44:04 PM

                                MR. HENSARLING

                                IS THE GENTLEMAN PREPARED TO YIELD ME TIME?

                              • 03:44:06 PM

                                MR. GREEN

                                I YIELD TIME, YES, OF COURSE.

                              • 03:44:08 PM

                                MR. HENSARLING

                                HOW MUCH TIME IS THE GENTLEMAN YIELDING?

                              • 03:44:10 PM

                                MR. GREEN

                                I YIELD.

                              • 03:44:12 PM

                                MR. HENSARLING

                                I INQUIRE HOW MUCH TIME IS HE YIELDING? I DON'T WISH TO BE CUT OFF BY THE…

                                I INQUIRE HOW MUCH TIME IS HE YIELDING? I DON'T WISH TO BE CUT OFF BY THE GENTLEMAN.

                                Show Full Text
                              • 03:44:16 PM

                                MR. GREEN

                                I YIELD SUCH TIME AS I MAY DEEM NECESSARY. IF YOU'LL TAKE TIME.

                              • 03:44:22 PM

                                MR. HENSARLING

                                I RESPECTFULLY DECLINE THE OPPORTUNITY.

                              • 03:44:26 PM

                                MR. GREEN

                                THAT THEY HAVE, THEY DON'T CARE TO DEFEND. LET'S TALK ABOUT THE…

                                THAT THEY HAVE, THEY DON'T CARE TO DEFEND. LET'S TALK ABOUT THE ONE-SIZE-FITS-ALL ACCUSATION, IF YOU WILL. MR. SPEAKER, I HAVE A SOURCE AND IT'S THE DEPARTMENT OF THE TREASURY, WHICH INDICATES THAT WE HAVE A TIERED SYSTEM AND WE ACTUALLY HAVE ONE, TWO, THREE, FOUR, FIVE DIFFERENT TEARS -- TIERS. AND THESE TIERS WILL ALLOW BANKS TO BE CLASSIFIED AS SMALL, MIDSIZED, REGIONAL, INTERNATIONAL, ACTIVE AND G-FIBS. THERE IS A TIERING SYSTEM. BUT WITHIN THE TIERING SYSTEM WE HAVE GIVEN THE REGULATORS THE AUTHORITY TO TAILOR RULES TO FIT BANKS WITHIN THE SYSTEMS. . I WAS HERE, I KNOW WHAT HAPPENED IN 2008. I UNDERSTAND WHY WE HAVE DODD-FRANK. WE DON'T HAVE DODD-FRANK BECAUSE MR. DODD AND MR. FRANK WOKE UP ONE MORNING AND DECIDED THEY WOULD LIKE TO REGULATE BANKS TO THE EXTENT THAT THEY WERE REGULATED. WE HAVE DODD-FRANK BECAUSE WE HAD A CRISIS. WE HAVE DODD-FRANK DEVELOP BECAUSE OF EXOTIC PRODUCTS. THE 327 AND THE 228. WHICH HAD TEASER RATES THAT WOULD ALLOW PERSONS TO GET INTO LOANS THAT HAD FIXED RATES FOR THREE YEARS OR TWO YEARS, AND THEN THEY'D HAVE 27 YEARS OF VARIABLE RATES OR 28 YEARS OF VARIABLE RATES. THIS WAS THE EXOTIC PRODUCT THAT A GOOD MANY PEOPLE HAD AND COULD NOT GET OUT OF BECAUSE QUITE FRANKLY THEY ALSO HAD A PREPAYMENT PENALTY THAT WOULD COINCIDE WITH THESE TEASER RATES. IT WAS A TIME OF GREAT CRISIS FOR BANKING. WE ALSO HAD THE SO-CALLED CREDIT DEFAULT SWAPS WHICH WERE JUST ANOTHER WAY OF LAYING OFF DEBTS. BANKS FOUND CLEVER WAYS TO LAY OFF THEIR DEBTS THAT THEY THOUGHT WERE RISKY. WE HAD NO DOC LOAN, NEGATIVE AMORTIZATION, YOU COULD PAY AS MUCH AS YOU WANTED AND WE'D ADD TO THE PRINCIPAL WHAT YOU DIDN'T PAY WHICH MEANS YOU'D END UP PAYING A LOT MORE FOR YOUR LOAN THAN YOU INITIALLY STARTED OUT OWING. WE HAD INTEREST-ONLY LOANS. JUST PAY THE INTEREST. LET THE LOAN CONTINUE TO INCREASE IN VALUE. THERE WAS NO FIREWALL BETWEEN COMMERCIAL BANKING AND INVESTMENT BANKING. THEY FINALLY GOT GLASS-STEAGALL THEY -- IT TOOK THEM DECADES TO DO IT BUT THEY KID. THEN WE HAD THE DASTARDLY YIELD-SPREAD PREMIUM, TO ALLOW THE PERSON SERVICING YOU, THE LOAN ORIGINATOR, TO QUALIFY YOU FOR A LOAN AT 5%, COME OUT AND SHAKE YOUR HAND, AND SAY GOOD NEWS, YOU NOW HAVE A LOAN FOR 10%. AND THAT WAS ALL LAWFUL. AND DODD-FRANK ENDED ALL OF THIS. WE HAVE DODD-FRANK BECAUSE WE HAD A DEREGULATION ERA VERY MUCH COMPARABLE TO WHAT WE'RE ABOUT TO GO THROUGH NOW. BANKS WERE REGULATED TO THE EXTENT THEY COULDN'T DO ALL OF THESE THING BUS WE DEREGULATED JUST AS WE'RE ABOUT TO DO NOW AND WE'LL GET BACK TO THE FUTURE WHERE BANKS WILL NOT HAVE THE LIQUIDITY NECESSARY, WHERE THE CREDIT RISKS THAT THEY TAKE WILL BE UNREASONABLE. THIS IS A BILL THAT BELONGS ON THE TRASH HEAP OF HISTORY. I ADAMANTLY OPPOSE THE BILL. I BELIEVE THAT IT IS TIME FOR US TO TAKE THE STAND THAT THE AMERICAN PEOPLE WANT US TO TAKE, NOT THE STAND THAT THE BIG BANKS WOULD HAVE US TAKE. THIS IS A BIG BANK BONUS. THE BIG BANKS LOVE THIS BILL. 30 BANKS ARE GOING TO BE RELIEVED OF THEIR OBLIGATION TO LET US KNOW HOW TO PUT THEM OUT OF THEIR MISERY IN THE EVENT THAT THEY ARE ABOUT TO BRING THE BANKING SYSTEM DOWN. 30 BANKS. THESE ARE BIG BANKS. $500 BILLION MAX. BIG BANKS. THESE BANKS WON'T HAVE THE -- CONTINUE TO GIVE US THE STRETCH TEST SO WE CAN KNOW WHAT THEIR LIQUIDITY IS AND UNDERSTAND THEIR CREDIT WORTHINESS BY VIR SHOE OF THE LOANS THEY MAKE. THIS BILL IS WHAT THE BIG BANKS WANT. BUT NOT THE AMERICAN PEOPLE. AT THIS TIME I'M GOING TO YIELD SUCH TIME AS SHE MAY CONSUME TO THE RANKING MEMBER, THE HONORABLE MAXINE WATERS.

                                Show Full Text
                              • 03:49:30 PM

                                MS. WATERS

                                FIRST I'D LIKE TO THANK CONGRESSMAN GREEN FOR HIS LEADERSHIP. HE'S A…

                                FIRST I'D LIKE TO THANK CONGRESSMAN GREEN FOR HIS LEADERSHIP. HE'S A MEMBER OF THE FINANCIAL SERVICES COMMITTEE WHO IS DEDICATED TO THE PROPOSITION THAT WE CAN AND SHOULD WORK VERY HARD TO IMPLEMENT DODD-FRANK AND HE'S DONE A WONDERFUL JOB IN REPRESENTING ALL OF THE PEOPLE OF THIS COUNTRY WHEN IT COMES TO THIS ISSUE OF WHETHER OR NOT WE ARE GOING TO ALLOW THE BIG BANKS, THE BIGGEST BANKS, IN THIS COUNTRY TO REVERT BACK TO THE PRACTICES THEY HAVE BEEN INVOLVED IN HISTORICALLY, WHERE IT CAUSED US TO BE INTO A SITUATION THAT CAUSED THE RECESSION IN 2008 OR WHETHER OR NOT WE ARE GOING TO HONOR THE WORK OF DODD-FRANK AND THE REFORMS THAT WERE INSTITUTED AND BE ABOUT THE BUSINESS OF FAIRNESS AND JUSTICE AND I WANT TO THANK MR. GREEN FOR HIS WORK, FOR HIS LEADERSHIP AND FOR MANAGING THIS MOST IMPORTANT LEGISLATION TODAY. MR. CHAIRMAN, I RISE IN STRONG OPPOSITION TO H.R. 3312, THE SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT. AT A TIME WHEN BIG BANKS ARE DOING VERY WELL, AND THE INDUSTRY MADE RECORD PROFITS, MORE THAN $171 BILLION LAST YEAR, AND BUSINESS LENDING HAS INCREASED 75% SINCE DODD-FRANK WAS SIGNED INTO LAW, NOW IS NOT THE TIME TO ELIMINATE CRITICAL SAFEGUARDS AND REDUCE OVERSIGHT OF MANY OF OUR LARGEST BANKS. H.R. 3312 WOULD ROLL BACK THE ENHANCED PRUDENTIAL STANDARDS THAT CURRENTLY APPLY TO THE -- 306 THE LARGEST BANKS WITH MORE THAN $50 BILLION IN ASSETS. THESE ARE SOME OF THE MOST IMPORTANT RULES IN DODD-FRANK. LIKE ENHANCED CAPITAL AND STRESS TESTING THAT ARE CRITICAL TO MAINTAINING A SAFE AND SOUND BANKING SYSTEM THAT SUPPORTS THE BROADER ECONOMY. PROPONENTS OF THIS BILL ARGUE THAT DODD-FRANK IMPOSED A ONE SIZE FITS ALL APPROACH TO ANY BANK OVER $50 BILLION BUT THE LAW MAKES CLEAR THAT THE FED SHOULD TIER AND TAILOR ITS RULES TO DIFFERENTIATE BETWEEN EVEN THESE LARGE BANKS. QUOTE, ON AN INDIVIDUAL BASIS, OR BY CATEGORY, TAKING INTO CONSIDERATION THEIR CAPITAL STRUCTURE, RISKINESS AND COMPLEXITY, FINANCIAL ACTIVITIES INCLUDING THE FINANCIAL ACTIVITIES OF THEIR SUBSIDIARIES, SIZE, AND ANY OTHER RISK RELATED FACTORS THAT THE BOARD OF GOVERNORS DEEMS APPROPRIATE, QUOTE, END QUOTE. THERE IS NO ONE SIZE FITS ALL MANDATE AND THE FED HAS INDEED TAILORED THESE RULES. FOR EXAMPLE, THE POTENTIAL RULES FOR TRILLION DOLLAR BANKS ARE MUCH TOUGHER COMPARED TO THOSE THAT APPLY TO A $250 BILLION BANK. AND CONSIDERABLY MORE SO COMPARED TO A $50 BILLION BANK. AND YET, AFTER 18 MONTHS THIS BILL WOULD EXEMPT 30 OF OUR LARGEST BANKS FROM ENHANCED OVERSIGHT AND REPLACES THE $50 BILLION THRESHOLD WITH THE CUMBERSOME DISCRETIONARY PROCESS LED BY THE FEDERAL RESERVE ALONG WITH FSOC. WE HAVE A SIMILAR PROCESS FOR DESIGNATING NONBANK FINANCIAL COMPANIES LIKE A.I.G. WHICH IMPOSE A SYSTEMIC RISK. IT IS STRANGE THAT REPUBLICANS ARE NOW PUSHING A SIMILAR APPROACH AFTER THEY REPEATEDLY BLASTED THE SAME FSOC DESIGNATION PROCESS FOR BEING ARBITRARY, OPAQUE, UNFAIR, AND UNWORKABLE. THOSE DESIGNATIONS WERE HEAVILY LITIGATED, IF NOT BLOCKED IN COURT, AS THESE NEW DESIGNATIONS BY THE FEDERAL RESERVE AND FSOC WOULD LIKELY BE. CURRENTLY THERE'S ONLY ONE NONBACK DESIGNATED BY FSOC THROUGH THIS PROCESS SO WE SHOULD EXPECT THERE WOULD BE HARDLY ANY DESIGNATIONS THROUGH HR 3312. HOR THESE 30 MASSIVE BANKS WHO STAND TO BENEFIT? THESE BANKS COLLECTIVELY HOLD MORE THAN $5 TRILLION IN ASSETS. OR ONE FOURTH OF ALL BANKING ASSETS IN THE UNITED STATES. OF THE 30 BANKS, 123 OF THEM ARE FOREIGN BANKS, INCLUDING DEUTSCHE BANK, HSBC, CREDIT SUISSE AND UBS. THESE BANKS VIOLATED A WADE RINING OF U.S. LAWS INCLUDING ANTI-MONEY LAUNDERING AND UNLAWFUL TRADING PRACTICES SO I HAVE NO CLUE WHY CONGRESS SHOULD EVEN CONSIDER DOING THESE BANKS ANY FAVORS. FOR ALL THE TALK ABOUT HELPING OUT SMALL COMMUNITY BANKS THAT SERVE OUR CUSTOMERS, IN OUR RURAL AND UNDERSERVED NEIGHBORHOODS, THERE'S NOT A SING PATROL VISION THAT HELPS OUT THE THOUSANDS OF COMMUNITY BANKS AN THEIR CUSTOMERS. WHILE SOME CHARACTERIZE THIS BILL AS HELPING, QUOTE, MEDIUM SIZED, QUOTE, BANKS, THE MEDIUM-SIZED BANK ONLY HAS ABOUT $200 MILLION IN ASSETS OR ROUGHLY $-- OR ROUGHLY 250 TIMES LESS THAN THE MASSIVE BANKS THAT BENEFIT BY THIS BILL. MORE TROUBLING, INSTEAD OF HELPING COMMUNITY BANKS, THE BILL WOULD MAKE IT EASIER FOR THE LARGEST BANKS TO ACQUIRE SMALLER ONES, ACCELERATING A 30-YEAR CONSOLIDATION TREND. REASONABLE PEOPLE CAN KISS AGREE ON HOW BEST TO DIAL UP OR DOWN SOME OF THESE ENHANCED STANDARDS AND TIER THEM MORE EFFECTIVELY. I KNOW MY COLLEAGUES HAVE GOOD INTENTIONS. BUT THIS PROPOSAL GOS WAY, WAY TOO FAR IN REVERSING STRONG OVERSIGHT OF THE NATION'S LARGEST BANKS. EVEN THE SENATE BILL THAT RESEMBLES CHAIRMAN HENSARLING'S WRONG CHOICE ACT IS FAR LESS AGGRESSIVE, RAISING THE $50 BILLION THRESHOLD TO $250 BILLION, ALTHOUGH EVEN THAT PROPOSAL WOULD BE DAMAGING. LET ME CLOSE BY EMPHASIZING THAT H.R. 3312 REPRESENTS ONE OF THE BIGGEST, THE LARGEST, ROLLBACKS OF SENSIBLE RULES FOR MANY OF OUR LARGEST BANKS, INCLUDING A DOZEN FOREIGN BANKS, AT A TIME WHEN THE INDUSTRY IS MAKING RECORD PROFITS. SUCH A BILL WOULD HURT AND MAKE IT HARDER FOR COMMUNITY BANKS TO COMPETE. FOR THESE REASONS, I STRONGLY URGE MEMBERS TO OPPOSE THIS BILL, H.R. 3312, AND I WILL YIELD BACK TO MR. GREEN.

                                Show Full Text
                              • 03:56:05 PM

                                MR. GREEN

                                THE GENTLELADY YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR. GREEN, RESERVES.

                              • 03:56:10 PM

                                MR. GREEN

                                WHAT'S THE AMOUNT OF TIME REMAINING.

                              • 03:56:12 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM TEXAS, MR. GREEN, HAS 10 1/2 MINUTES REMAINING. THE…

                                THE GENTLEMAN FROM TEXAS, MR. GREEN, HAS 10 1/2 MINUTES REMAINING. THE GENTLEMAN FROM TEXAS, MR. HENSARLING, HAS 11 MINUTES REMAINING.

                                Show Full Text
                              • 03:56:20 PM

                                MR. GREEN

                                I RESERVE.

                              • 03:56:21 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM TEXAS, MR. GREEN, RESERVES,

                              • 03:56:27 PM

                                MR. HENSARLING

                                I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLEMAN FROM ARKANSAS, MR. HILL,…

                                I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLEMAN FROM ARKANSAS, MR. HILL, A MEMBER OF THE FINANCIAL SERVICES COMMITTEE AND OUR REPUBLICAN WHIP.

                                Show Full Text
                              • 03:56:35 PM

                                MR. HILL

                                I THANK THE SPEAKER AND THE CHAIRMAN, I RISE IN STRONG SUPPORT OF H.R.…

                                I THANK THE SPEAKER AND THE CHAIRMAN, I RISE IN STRONG SUPPORT OF H.R. 3312, A BIPARTISAN BILL A MAJORITY OF THE MAJORITY PARTY AND A MAJORITY OF THE MINORITY PARTY ON OUR COMMITTEE REPORTED THIS BILL TO THE HOUSE FLOOR. AND IT'S SPONSORED BY MY FRIEND, CHAIRMAN BLAIN LUETKEMEYER WHO HAS SPENT YEARS STUDYING DODD-FRANK, SEVEN LONG YEARS STUDYING THE IMPACT OF DODD-FRANK AND HOW TO TO IMPROVE IT. THIS BILL REMOVES A REQUIREMENT THAT USES $50 BILLION AS AN ASSET TEST TO DEZ EGG NATE WHETHER A BANKING COMPANY IN THIS COUNTRY IS SYSTEMICALLY IMPORTANT. IF THEY ARE, SUBJECT THEM TO HIGHER REGULATORY STANDARDS. BUT INSTEAD OF ENDING TOO BIG TO FAIL, DODD-FRANK'S MISGUIDED DESIGNATION REGIME JUST ENTRENCHES IT, MR. SPEAKER. AUTHORIZING THE GOVERNMENT TO DESIGNATE LARGE FINANCIAL INSTITUTIONS AS SYSTEMICALLY IMPORTANT CREATES A NEW CLASS OF FIRMS THAT MARKETS WILL INTERPRET AND ASSUME ARE TOO BIG TO FAIL. THE SIFI DESIGNATION, AS NOTED BY MANY MEMBERS ON THIS SIDE OF THE AISLE IS IN FACT ARBITRARY AND I RESPECT MY FRIEND THAT OTHER NUMBERS IN STATUTE MAY BE ARBITRARY AS WELL, BUT THIS ONE DOESN'T HAVE ANY ECONOMIC BASIS ON WHY THE PARTICIPANTS IN DESIGNING DODD-FRANK PICKED $50 BILLION. BUT OVER THE PAST SEVEN YEARS, WE HAVE HAD WITNESS AFTER WITNESS TELL US THAT WE SHOULD LOOK A DIFFERENT DIRECTION AND NOT HAVE AN ARBITRARY NUMBER OF $50 BILLION. SEVERAL FEDERAL RESERVE OFFICIALS HAVE EXPRESSED THAT SIMILAR VIEW. MR. FRANK, AS NOTED, HAS EXPRESSED THAT VIEW. SO HERE COMES MR. LUETKEMEYER WITH AN EXCELLENT IDEA, AN IDEA OF AN ACTIVITIES BASED DESIGNATION THAT THE FED HAS DESIGNED ITSELF, MR. SPEAKER. THE FEDERAL RESERVE HAS DESIGNED THE METRIC WE'RE USING TO SAY THAT AN INSTITUTION IS SYSTEMICALLY IMPORTANT. IT'S ACTIVITIES BASED SO WE CANDICE TING WISH BETWEEN LEVELS OF RISK THAT MIGHT BE SYSTEMICALLY IMPORTANT TO OUR COUNTRY. WILL THE GENTLEMAN YIELDS ME 30 SECONDS?

                                Show Full Text
                              • 03:58:51 PM

                                MR. HENSARLING

                                I YIELD THE GENTLEMAN 30 SECONDS.

                              • 03:58:54 PM

                                MR. HILL

                                ACTIVITY BASED STANDARDS HAVE BEEN EFFECTIVE BY THE FEDERAL RESERVE. THEY…

                                ACTIVITY BASED STANDARDS HAVE BEEN EFFECTIVE BY THE FEDERAL RESERVE. THEY WORK. AND THEY WERE USED IN EVALUATING ACQUISITIONS ON REGIONAL BANKING COMPANIES. SO MR. LUETKEMEYER IS ON TO A GOOD IDEA. AND INSTEAD OF USING $50 BILLION, MR. SPEAKER, THAT WAS PLUCKED OUT OF THIN AIR IN THE DEZ OF NIGHT IN THE CONFERENCE COMMITTEE IN 2010, LET'S REFLECT ON SEVEN YEARS AND OPERATE IN A BETTER WAY. SO I URGE SUPPORT OF THIS BILL, MR. SPEAKER, I THANK MR. LUETKEMEYER FOR BRINGING IT, AND I URGE OUR SENATORS ON THE OTHER END OF THIS BUILDING TO LOOK AT THIS AS A MODEL FOR HOW WE SHOULD REFORM DODD--FRANK IN THEIR OWN BILL AND I YIELD BACK.

                                Show Full Text
                              • 03:59:33 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR. GREEN, IS…

                                THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM TEXAS, MR. GREEN, IS RECOGNIZED.

                                Show Full Text
                              • 03:59:36 PM

                                MR. GREEN

                                I YIELD MYSELF TWO MINUTES, IF I MAY.

                              • 03:59:39 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN IS RECOGNIZED.

                              • 03:59:41 PM

                                MR. GREEN

                                MR. SPEAKER, THIS BILL DOES NOT IMPACT 99%, APPROXIMATELY, 99% OF THE…

                                MR. SPEAKER, THIS BILL DOES NOT IMPACT 99%, APPROXIMATELY, 99% OF THE BANKS. MOST BANKS IN THIS COUNTRY HAVE ASSETS ABOUT 89% TO 90% OF THEM OF $1 BILLION OR UNDER THIS BILL IS FOR THE BIG BANKS. AND THE BIG BANKS ARE DOING QUITE WELL. LAST YEAR, THE BANKS MADE RECORD PROFITS. $171 BILLION. COMMUNITY BANKS GREW AT 8.3%. BIG BANKS, 4.% RATE. THEY ARE LENDING TO BUSINESSES AT A RECORD LEVEL. BUT THE CONTENTION CANNOT BE IT'S BECAUSE THE BANKS ARE LOSING MONEY. IT HAS VERY LITTLE TO DO HOW MUCH MONEY THEY ARE LOSING BUT BIG BANKS WOULD LIKE TO BE DEREGULATED AND GET BACK TO THE BUSINESS AS USUAL THAT CAUSED THE CRISIS OF 2008. MR. SPEAKER, THERE ARE 30 BIG BANKS THAT THIS BILL WILL IMPACT, WORTH MORE THAN $5 TRILLION IN ASSETS. THIS BILL IS NEEDED BECAUSE IF WE SIMPLY ALLOW THIS BILL IS NOT NEEDED, EXCUSE ME. BECAUSE IF THIS BILL IS IMPLEMENTED IT WILL CAUSE BANKS NOT TO BE PLACED UNDER THE $50 BILLION THRESHOLD EXCEPT FROM REGULATION FROM THE PRUDENTIAL REGULATOR. METLIFE IS A PRETTY GOOD EXAMPLE OF WHAT COULD HAPPEN. METLIFE IS TIED UP IN COURT PROBABLY INDEFINITELY, BECAUSE THE BIG BANKS HAVE BIG BUCKS. AND THEY ARE GOING TO FIGHT BEING DESIGNATED AS SIFI. METLIFE IS FIGHTING IT. IT'S AN INSURANCE COMPANY, OF COURSE. BUT IT'S FIGHTING. AND IF THEY ARE GOING TO FIGHT THE DESIGNATION, YOU HAVE TO HAVE SOME WAY TO PUT THEM UNDER THIS -- I YIELD MYSELF AN ADDITIONAL 30 SECONDS.

                                Show Full Text
                              • 04:01:59 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN IS RECOGNIZED.

                              • 04:02:01 PM

                                MR. GREEN

                                UNDER THE STRESS TEST, UNDER THE LIVING WILLS TEST, THIS HAS TO BE DONE.…

                                UNDER THE STRESS TEST, UNDER THE LIVING WILLS TEST, THIS HAS TO BE DONE. IF YOU DON'T HAVE A TRIGGER, IT'S NOT LIKELY TO BE DONE BECAUSE THE BANKS ARE GOING TO FIGHT YOU ALL THE WAY THROUGH THE COURTS AND TIE YOU UP FOR YEARS. I YIELD BACK -- RESERVE.

                                Show Full Text
                              • 04:02:19 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM TEXAS,…

                                THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM TEXAS, MR. HENSARLING.

                                Show Full Text
                              • 04:02:23 PM

                                MR. HENSARLING

                                I YIELD 2 1/2 MINUTES TO A VERY HARD-WORKING MEMBER OF OUR COMMITTEE FROM…

                                I YIELD 2 1/2 MINUTES TO A VERY HARD-WORKING MEMBER OF OUR COMMITTEE FROM MAINE, MR. POLIQUIN.

                                Show Full Text
                              • 04:02:31 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM MAINE IS RECOGNIZED.

                              • 04:02:34 PM

                                MR. POLIQUIN

                                THANK YOU, MR. SPEAKER. ALL BUSINESSES IN AMERICA, LARGE AND SMALL SHOULD…

                                THANK YOU, MR. SPEAKER. ALL BUSINESSES IN AMERICA, LARGE AND SMALL SHOULD BE FAIRLY AND PREDICTABLY REGULATED, INCLUDING THOSE COMPANIES IN THE FINANCIAL SERVICES INDUSTRY. WHEN THE REAL ESTATE MARKET COLLAPSED IN 2008, WASHINGTON DOES WHAT IT DOES OFTEN, IT OVERREACTED BY IMPOSING A SMOTHERING LAYER OF NEW REGULATIONS ON SMALL COMMUNITY BANKS, CREDIT UNIONS AND RETIREMENT ADVISERS WHERE IT SHOULD HAVE FOCUSED ITS ATTENTION ON EIGHT OR NINE LARGE MONEY BANKS. MR. SPEAKER, THE GOAL OF DODD-FRANK WAS TO INCREASE REGULATIONS ON FINANCIAL INSTITUTIONS, WHICH COULD BRING DOWN THE ECONOMY IF THEY GOT IN TROUBLE. NOW, THE PROBLEM, MR. SPEAKER, IS THAT THIS NET IS -- THIS REGULATORY NET WAS CAST SO WIDE THAT IT CAUGHT OUR COMMUNITY BANKS AND CREDIT UNIONS IN HAVING TO DEAL WITH COSTLY, UNNECESSARY AND REDUNDANT REGULATIONS. I TRAVEL THE STATE OF MAINE AND MEET WITH OUR SMALL FINANCIAL INSTITUTIONS AND TELL ME, BUSE, WE ARE SPENDING SO MUCH TIME AND MONEY HIRING COMPLIANCE OFFICERS TO DEAL WITH THESE REGULATIONS INSTEAD OF LOAN OFFICERS TO MAKE SURE WE GET MONEY OUT TO OUR FAMILIES AND SMALL BUSINESSES TO BORROW AND GO. GOD FORBID, THE BANGOR SAVINGS BANK OR THE FAMILY CREDIT UNION IN LOUIS TON GETS INTO TROUBLE. AND IF THEY DO, THEY WILL NOT BRING DOWN THIS ECONOMY. AND SO WHY IN THE WORLD SHOULD THEY DEAL HAVE TO DEAL WITH THIS ADDITIONAL LAYER OF REGULATIONS. MR. LUETKEMEYER'S BILL IS A TERRIFIC BILL, IT IS COMMON SENSE AND BIPARTISAN AND WILL REQUIRE THE FEDERAL RESERVE TO FINALLY FACTOR IN THE FUNCTION AND ROLE OF THESE FINANCIAL INSTITUTIONS IN THE ECONOMY INSTEAD OF BASING A SIZE BASED ON ASSETS. OUR COMMUNITY BANKS AND PENSION ADVISERS, OUR RETIREMENT ADVISERS AND CREDIT UNIONS WILL BE ABLE TO FOCUS ON GROWING THE ECONOMY AND EXTENDING CREDIT SO OUR FAMILIES CAN FINANCE A HOME MORTGAGE OR A NEW DIESEL IN THEIR BOAT FOR THE SEASON. THIS IS A GOOD BILL, MR. SPEAKER. I'M GRATEFUL THAT MR. LUETKEMEYER INTRODUCED THIS BILL. I ENCOURAGE EVERYONE ON BOTH SIDES OF THE AISLE TO HELP AMERICAN BUSINESSES AND FAMILIES BY SUPPORTING THIS BILL. I YIELD BACK.

                                Show Full Text
                              • 04:05:20 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

                                THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM TEXAS RESERVES. THE GENTLEMAN FROM TEXAS, MR. GREEN, IS RECOGNIZED.

                                Show Full Text
                              • 04:05:28 PM

                                MR. GREEN

                                TO THE AMOUNT OF TIME REMAINING.

                              • 04:05:34 PM

                                THE SPEAKER PRO TEMPORE

                                EIGHT MINUTES REMAINING.

                              • 04:05:41 PM

                                MS. WATERS

                                I THINK IT IS IMPORTANT TO TALK ABOUT WHAT IS HAPPENING IN THIS COUNTRY…

                                I THINK IT IS IMPORTANT TO TALK ABOUT WHAT IS HAPPENING IN THIS COUNTRY WITH THIS ADMINISTRATION AT THIS TIME. AND IT IS SO RELATED TO WHAT WE ARE TRYING TO EXPLAIN ABOUT WHAT THIS BILL ATTEMPTS TO DO. FIRST OF ALL, LET ME JUST SHARE WITH YOU, COMMITTEE DEMOCRATS HAVE MADE REPEATED ATTEMPTS TO FOLLOW THE TRUMP MONEY TRAIL AND INVESTIGATE THE SUSPICIOUS FINANCIAL DEALINGS OF THE PRESIDENT. HIS IMMEDIATE FAMILY AND HIS ASSOCIATES INCLUDING THEIR POSSIBLE INVOLVEMENT IN ILLICIT RUSSIAN FINANCIAL SCHEMES. SINCE MARCH, DEMOCRATS HAVE WRITTEN SIX LETTERS TO COMMITTEE CHAIR MAP, ONE TO DEUTCH BANK, ONE TO DEUTCH BANK C.E.O., TWO TREASURY SECRETARY STEVE MNUCHIN AND ANOTHER TO DEUTCH BANK'S EXTERNAL COUNSEL REQUESTING THEIR COOPERATION IN EXPOSING THE SCOPE OF RUSSIAN INFLUENCE ON THE TRUMP ADMINISTRATION. I HAVE WRITTEN TWO LETTERS ON MY OWN, ONE TO ATTORNEY GENERAL JEFF SESSIONS AND ONE TO DEPUTY ATTORNEY GENERAL ROSENSTEIN REGARDING RUSSIAN MIRROR TRADING SCHEMES. ON MARCH 10, 2017, COMMITTEE DEMOCRATS CALLED ON CHAIRMAN HENSARLING TO USE THE INVESTIGATIVE POWERS TO EXAMINE DEUTCH BANK RUSSIAN MONEY LAUNDERING OPERATION AND ASSESS THE INTEGRITY OF THE U.S. DEPARTMENT OF JUSTICE'S ONGOING INVESTIGATION INTO THE SCHEME GIVEN THE TRUMP'S ADMINISTRATION CONFLICTS OF INTEREST IN THE MANNER AND THE REVELATIONS OF SESSION' COMMUNICATION. HENSARLING HAS FAILED TO RESPOND. WE HAVE HEARD NOTHING FROM OUR CHAIRMAN. ON MARCH 23, 2017, COMMITTEE DEMOCRATS SENT A LETTER TO DEUTCH BANK'S CHIEF OFFICER REQUESTING INFORMATION ON TWO INTERNAL REVIEWS OF THE BANK CONDUCTED. THE FIRST ON ITS 2011 RUSSIAN MIRROR TRADING SCANDAL AND SECOND WHETHER THE ACCOUNTS OF PRESIDENT TRUMP AND HIS FAMILY MEMBERS HELD AT THE BANK HAD ANY TIES TO RUSSIA. DEUTCH BANK'S COUNSEL RESPONDED SAYING THAT DEUTCH BANK WAS UNABLE TO COOPERATE WITH THE REQUEST CITING PRIVACY CONCERNS. ON MAY 23, 2017, THERE WAS A LETTER SENT TO STEPHEN MNUCHIN THAT HE PROVIDE RECORDS TO THE COMMITTEE THAT DETAIL PRESIDENT TRUMP'S FINANCIAL TIES TO RUSSIA AS WELL AS THOSE OF HIS FAMILY MEMBERS AND ASSOCIATES. SECRETARY MNUCHIN FAILED TO RESPOND. GOES ON AND ON AND ON. JUNE 21, WE SENT A FOLLOW-UP LETTER TO DEUTCH BANK. WHAT IS IMPORTANT ABOUT THIS IS THAT DEUTCH BANK IS KNOWN AND HAS BEEN FINED FOR MANY THINGS BUT INCLUDING ANTI-MONEY LAUNDERING. KNOWING THAT, WHAT WE ARE DOING HERE IS LIFTING OVERSIGHT ON DEUTCH BANK, ONE OF THE FOREIGN BANKS THAT WOULD BE COVERED BY THIS BILL. I THINK THIS IS OUTRAGEOUS. I THINK PEOPLE SHOULD KNOW WHAT THIS BILL IS ALL ABOUT AND HOW IT'S GOING TO PUT US AT GREATER RISK WHEN WE ARE DEALING WITH LIMITING THE OVERSIGHT OF BANKS LIKE DEUTCH BANK AND I YIELD BACK TO

                                Show Full Text
                              • 04:09:18 PM

                                MR. GREEN

                                DOES THE CHAIR HAVE -- CHAIR MAN?

                              • 04:09:21 PM

                                THE CHAIR HAVE -- CHAIR

                                THE GENTLEMAN FROM TEXAS, MR. HENSARLING HAS 4 1/2 MINUTES. THE GENTLEMAN…

                                THE GENTLEMAN FROM TEXAS, MR. HENSARLING HAS 4 1/2 MINUTES. THE GENTLEMAN FROM TEXAS, MR. GREEN HAS SIX MINUTES.

                                Show Full Text
                              • 04:09:35 PM

                                MR. MCHENRY

                                I MIGHT POINT OUT THAT SHE SHOULD READ HER MAIL BECAUSE I RESPONDED. I…

                                I MIGHT POINT OUT THAT SHE SHOULD READ HER MAIL BECAUSE I RESPONDED. I YIELD MINUTE AND A HALF TO THE THE GENTLEMAN FROM OHIO, MR. DAVIDSON.

                                Show Full Text
                              • 04:09:46 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM OHIO IS RECOGNIZED FOR A MINUTE AND A HALF.

                              • 04:09:51 PM

                                MR. DAVIDSON

                                I'M SO PLEASED TO JOIN MR. LUETKEMEYER IN SUPPORTING HIS BILL. AND I AM SO…

                                I'M SO PLEASED TO JOIN MR. LUETKEMEYER IN SUPPORTING HIS BILL. AND I AM SO ENCOURAGED THAT THIS IS A BIPARTISAN BILL. LISTENING TO THE MEMBERS OPPOSED, I'M CONCERNED THAT THE BILL IS BEING MISCHARACTERIZED. WHEN THE MEMBER OPPOSED MENTIONED THAT 97% OF BANKS WOULD NOT BE AFFECTED BY THIS THAT IT AUTOMATICALLY EXCLUDES 97% OF BANKS BEING AFFECTED BY THIS. MR. LUETKEMEYER DOESN'T SAY BIG IS ADD AND HE SAYS LET'S JUDGE THE BANK BY ITS BEHAVIOR AND NOT THE SIZE OF ITS BALANCE SHEET. THIS IS DRAWING BIPARTISAN SUPPORT. IT IS FOCUSED ON SOLVING THE PROBLEM, NOT DRIVING REGULATORY BURDENS AND SO LET ME EXPLAIN THAT THE SIFI DESIGNATION IS AN ARBITRARY NUMBER AND SUBJECTS BANKS TO THE SAME STANDARDS AS TRILLION DOLLAR BANKS. THEY WOULD BE REGULATED AS THE SAME AT JPMORGAN CHASE. JANET YELLEN SAW THE PROBLEM. AND WHAT COULD BE THE SOLUTION? AND THE FEDERAL RESERVE HAS SEEN A POSSIBLE SOLUTION AS JUDGING THE CHARACTER OF THE ACTIVITY, THE BUSINESS ACTIVITY. AND MR. LUETKEMEYER'S BILL FIRMLY ADDRESSES THAT. A SIMPLE ASSET THRESHOLD CAPTURES BANKS THAT ARE WIDELY PERCEIVED TO BE NO THREAT TO FINANCIAL STABILITY --

                                Show Full Text
                              • 04:11:33 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS RESERVES. THE…

                                THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS RESERVES. THE GENTLEMAN FROM TEXAS, MR. GREEN IS RECOGNIZED.

                                Show Full Text
                              • 04:11:39 PM

                                MR. GREEN

                                I YIELD ONE MINUTE TO THE GENTLELADY FROM WISCONSIN, MS. MOORE.

                              • 04:11:43 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLELADY IS RECOGNIZED FOR ONE MINUTE.

                              • 04:11:47 PM

                                MS. MOORE

                                THANK YOU, MR. SPEAKER. MR. LUETKEMEYER MIGHT HAVE HAD A GOOD IDEA BUT…

                                THANK YOU, MR. SPEAKER. MR. LUETKEMEYER MIGHT HAVE HAD A GOOD IDEA BUT WHAT WE HAVE SEEN IS AN ARBITRARY AND REPUBLICAN CONTROLLED FEDERAL RESERVE BOARD THAT OPERATES WITHOUT A QUORUM AND THIS MAY BE A GOOD IDEA, BUT UNTIL WE HAVE A FINANCIAL REGULATORY FRAMEWORK WHERE WE CAN TRUST THE PEOPLE IN CHARGE, I THINK THAT WE SHOULD NOT SUPPORT THIS BILL. AND I YIELD BACK.

                                Show Full Text
                              • 04:12:17 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLELADY YIELDS BACK.

                              • 04:12:19 PM

                                MR. GREEN

                                GREEN I RESERVE.

                              • 04:12:21 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM TEXAS, RESERVES.

                              • 04:12:26 PM

                                MR. HENSARLING

                                I YIELD TO MR. HOLLINGSWORTH, A MEMBER OF THE FINANCIAL SERVICES COMMITTEE.

                              • 04:12:34 PM

                                MR. HOLINGSWORTH

                                I RISE TODAY IN STRONG SUPPORT OF H.R. 3312. THIS BILL IS REALLY IMPORTANT…

                                I RISE TODAY IN STRONG SUPPORT OF H.R. 3312. THIS BILL IS REALLY IMPORTANT TO HOOSIERS BACK HOME. HOOSIERS BACK HOME AREN'T CHECKING THE FINANCIAL STATEMENTS OF BANKS AROUND THE COUNTRY BUT ARE CHECKING THEIR OWN FINANCIAL STATEMENTS. THE TOTAL OF COMMERCIAL AND INDUSTRIAL LOANS SMALLER THAN $1 MILLION HAS INCREASED BY.18% WHEN THE U.S. G.D.P. HAS GROWN. THE TOTAL NONFARM RESIDENTIAL LOANS HAS CLIMBED BY 25% DURING THE SAME TIME PERIOD. THIS IS IMPACTING HOOSIERS AND THEIR ABILITY TO GET CAPITAL AND LOANS. I GET THE OPPORTUNITY TO STAND UP HERE ABOUT ONE SIZE FITS ALL REGULATION, BUT IN THIS INSTANCE, WE ARE TALKING ABOUT ONE SIZE RESTRICTING ALL REGULATION. NOW CHAIRMAN LUETKEMEYER USES A VERY STRONG APPROACH. INSTEAD OF THE ARCHITECTS OF SECTION 165 IN DODD-FRANK, USES SIZE AS A PROXY FOR RISK, HE SAID LET'S USE THEIR UNDERLYING RISK AS AN INDICATOR OF THEIR ACTUAL RISK AND DOES IT BY A SYSTEM ALREADY PUT IN PLACE BY THE FEDERAL RESERVE IN TRACKING THE VEARLS THAT INDICATE RISK OF AN INSTITUTION. I STRONGLY SUPPORT THE MEASURE AND SUPPORT THE REMOVAL OF ARBITRARY LINES IN REGULATION. AND WITH THAT, I YIELD BACK.

                                Show Full Text
                              • 04:14:06 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

                                THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM TEXAS, MR. HENSARLING RESERVES. THE GENTLEMAN FROM TEXAS, MR. GREEN.

                                Show Full Text
                              • 04:14:13 PM

                                MR. GREEN

                                I YIELD 30 SECONDS TO THE GENTLELADY FROM CALIFORNIA, MS. WATERS.

                              • 04:14:18 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLELADY IS RECOGNIZED.

                              • 04:14:22 PM

                                MS. WATERS

                                I DID CHECK MY MAIL AND I HAVE DISCOVERED THAT WHEN HE RESPONDED TO THE…

                                I DID CHECK MY MAIL AND I HAVE DISCOVERED THAT WHEN HE RESPONDED TO THE AUGUST 11 LETTER, HE TOLD ME HE WOULD NOT USE HIS SUBPOENA POWER TO HELP US OUT AND HE DID NOT RESPOND AT ALL TO THE MARCH 10 LETTER. I YIELD BARK TO THE GENTLEMAN.

                                Show Full Text
                              • 04:14:38 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM TEXAS RESERVES. THE GENTLEMAN FROM TEXAS, MR.…

                                THE GENTLEMAN FROM TEXAS RESERVES. THE GENTLEMAN FROM TEXAS, MR. HENSARLING.

                                Show Full Text
                              • 04:14:44 PM

                                MR. HENSARLING

                                I WOULD BE HAPPY TO SHARE MY LETTER. I'M HAPPY TO YIELD 30 SECONDS TO A…

                                I WOULD BE HAPPY TO SHARE MY LETTER. I'M HAPPY TO YIELD 30 SECONDS TO A DEMOCRATIC COLLEAGUE, THE GENTLEMAN FROM NEW JERSEY, MR. GOTTHEIMER.

                                Show Full Text
                              • 04:15:04 PM

                                >>

                                THANK YOU, MR. CHAIRMAN. THIS BILL IS A SMART AND THOUGHTFUL EFFORT TO…

                                THANK YOU, MR. CHAIRMAN. THIS BILL IS A SMART AND THOUGHTFUL EFFORT TO PERFECT AND IMPROVE OUR FINANCIAL SAFEGUARDS AND CUT REGULATIONS AND SPUR ECONOMIC GROWTH. IT ADDRESSES OUR SYSTEMIC RISK IN THE FINANCIAL SECTOR. WE CAN FREE UP RESOURCES TO GET LOANS INTO THE HANDS OF NEW JERSEY SMALL BUSINESSES, FAMILIES AND CONSUMERS AND DOES SO BY MAKING PRACTICAL CHANGES. I URGE SUPPORT FOR THIS BIPARTISAN LEGISLATION TO HELP MY CONSTITUENTS IN NEW JERSEY'S 5TH DISTRICT. .

                                Show Full Text
                              • 04:15:45 PM

                                MR. GREEN

                                I'LL RESERVE UNLESS WE ARE AT A POINT WHERE WE'RE CLOSING.

                              • 04:15:49 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN FROM TEXAS, MR. GREEN, IS RECOGNIZED.

                              • 04:15:51 PM

                                MR. GREENS

                                THANK YOU, MR. SPEAKER. MR. SPEAKER, I THINK THAT WE HAVE TO RE-EMPHASIZE…

                                THANK YOU, MR. SPEAKER. MR. SPEAKER, I THINK THAT WE HAVE TO RE-EMPHASIZE THAT CHAIRMAN FRANK IS NOT SUPPORTING THIS BILL. I THOUGHT THAT THE INITIAL COMMENT WOULD BE SUFFICIENT, BUT, AGAIN, I'LL READ WHAT CHAIRMAN FRANK HAS DELIVERED TO US. HE INDICATES THAT H.R. 3312 SIGNIFICANTLY INCREASES THE NEED FOR SUBJECTIVE JUDGMENT BY THE REGULATORS AND VERY MUCH WEAKENS THE ABILITY OF FINANCIAL INSTITUTIONS TO RELY ON CLEAR RULES TO GUIDE THE DECISIONMAKING. CHAIRMAN FRANK DOES NOT SUPPORT THIS BILL. MR. SPEAKER, THIS BILL IS NOT BEFORE THE HOUSE BECAUSE BANKS ARE LOSING MONEY. BANKS ARE MAKING RECORD PROFITS. $171 BILLION LAST YEAR. THE BIG BANKS, 4.8% GROWTH RATE. COMMUNITY BANKS, 8.3% GROWTH RATE. THIS BILL IS BEFORE THE HOUSE BECAUSE THE BIG BANKS WANT TO, AGAIN, GET BACK TO BUSINESS AS USUAL WHICH WILL ALLOW THEM TO DO MANY OF THE THINGS THAT BROUGHT THIS ECONOMY TO ITS KNEES. MR. SPEAKER, I ASK THAT THE HOUSE BE CALLED TO ORDER.

                                Show Full Text
                              • 04:17:16 PM

                                THE SPEAKER PRO TEMPORE

                                THE HOUSE WILL BE IN ORDER. GENTLEMEN, TAKE YOUR CONVERSATION OFF THE…

                                THE HOUSE WILL BE IN ORDER. GENTLEMEN, TAKE YOUR CONVERSATION OFF THE FLOOR. THE GENTLEMAN FROM TEXAS, MR. GREEN, IS RECOGNIZED.

                                Show Full Text
                              • 04:17:32 PM

                                MR. GREEN

                                HOW MUCH TIME IS LEFT, MR. SPEAKER?

                              • 04:17:37 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN HAS A MINUTE AND A HALF.

                              • 04:17:40 PM

                                MR. GREEN

                                MR. SPEAKER, WE HAVE 30 BANKS WITH ASSETS IN EXCESS OF $5 TRILLION. THESE…

                                MR. SPEAKER, WE HAVE 30 BANKS WITH ASSETS IN EXCESS OF $5 TRILLION. THESE BANKS HAVE BEEN DESIGNATED AS SIFI'S FOR A REASON. THEY OUGHT TO HAVE TO LET THE REGULATORS KNOW HOW THEY CAN BE WOUND DOWN IN THE EVENT THERE IS AN EMERGENCY CRISIS IN THE ECONOMY. THEY OUGHT TO UNDERGO STRESS TESTS. IF A CONSUMER WANTS A LOAN, THE CONSUMER HAS TO DEMONSTRATE CREDIT WORTHINESS. IF BANKS OF THIS SIZE ARE GOING TO REMAIN IN BUSINESS, THEY OUGHT TO LET US KNOW WHAT THEIR LIQUIDITY IS AND REQUIRE TO HAVE A CERTAIN AMOUNT OF LIQUIDITY THAT WILL CAUSE THEM TO STAY IN BUSINESS EVEN WHEN WE ARE FACED WITH A CRISIS. THEY OUGHT TO BE TESTED FOR THEIR CREDIT WORTHINESS. THAT'S WHAT WE CURRENTLY HAVE. IF THE $50 BILLION THRESHOLD IS RELEASED, THEN THEY WILL BE PLACED UNDER THE DESIGNATION OF SIFI BY REGULATORS AND MET LIFE IS PROOF POSITIVE IT IS DIFFICULT IF NOT IMPOSSIBLE TO DO. A.I.G. WENT UNDER SIMPLY BECAUSE IT WAS ALREADY KNOWN TO BE A SYSTEMICALLY IMPORTANT INSTITUTION. MR. SPEAKER, WE MUST DEFEAT THIS BILL. I CALL ON COLLEAGUES TO VOTE AGAINST IT. IT IS A BIG BANK BONUS BILL. I YIELD BACK.

                                Show Full Text
                              • 04:19:11 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN YIELDS BACK HIS TIME. THE GENTLEMAN FROM TEXAS, MR.…

                                THE GENTLEMAN YIELDS BACK HIS TIME. THE GENTLEMAN FROM TEXAS, MR. HENSARLING, IS RECOGNIZED FOR THE REMAINDER OF HIS TIME, 2 1/2 MINUTES.

                                Show Full Text
                              • 04:19:18 PM

                                MR. HENSARLING

                                THANK YOU, MR. SPEAKER. FIRST, I WANT TO THANK MY COLLEAGUE, THE GENTLEMAN…

                                THANK YOU, MR. SPEAKER. FIRST, I WANT TO THANK MY COLLEAGUE, THE GENTLEMAN FROM TEXAS, FOR COMING TO THE FLOOR. I KNOW HOW BUSY HE IS WITH HIS IMPEACHMENT ACTIVITIES, SO WE ARE GLAD THAT HE'S HAD AN OPPORTUNITY TO COME AND SHARE HIS VIEWS ON THIS PARTICULAR BILL. HE SPENT A LOT OF TIME TELLING US WHO WASN'T FOR THE BILL BUT HE DIDN'T TELL US WHO WAS FOR IT. AND I WOULD ONCE AGAIN INFORM MY FRIEND, MY COLLEAGUE FROM TEXAS, THAT NOT ONLY IS EVERY SINGLE REPUBLICAN MEMBER OF THE HOUSE FINANCIAL SERVICES COMMITTEE FOR THIS BILL, A MAJORITY OF THE DEMOCRATS ON THE COMMITTEE ARE FOR THIS BILL. AND PERHAPS THAT'S WHY HE COULD FIND SO FEW DEMOCRATS TO SPEAK OUT AGAINST IT. SO WHAT WE HEARD, MR. SPEAKER, IS MY COLLEAGUE AND THE RANKING MEMBER VOCIFEROUSLY DEFEND THE WHOLE IDEA THERE SHOULD BE INSTITUTIONS THAT ARE TOO BIG TO FAIL. AS THEY DEFEND THE DODD-FRANK ACT, MR. SPEAKER, I'D LIKE TO POINT OUT YET AGAIN THAT BIG BANKS HAVE GOTTEN BIGGER UNDER THEIR REGULATORY SCHEME, THE BIG BANKS HAVE GOTTEN BIGGER, AND THE COMMUNITY BANKS HAVE BECOME FEWER. AND NOW WHAT WE'RE TELLING US IS, OH, NO, WE HAVE TO PROTECT THIS REGIME. WELL, I DON'T BELIEVE IN IT, BUT WHAT I DO BELIEVE IN, MR. SPEAKER, AND WHAT MR. LUETKEMEYER BELIEVES IN IS WE NEED TO FIND SOME BIPARTISAN SOLUTIONS, SOME COMMON GROUND TO TRY TO MAKE SOME COMMON SENSE OUT OF SOME OF THESE REGULATIONS. AND SO WHAT'S FASCINATING TO ME IS SO MANY OF THE OBAMA ERA REGULATORS HAVE SAID THIS $50 BILLION THRESHOLD MAKES NO SENSE. USUALLY, MY DEMOCRATIC COLLEAGUES WILL QUOTE MR. TURILLO. THEY WILL QUOTE JANET YELLIN. THEY'LL QUOTE MR. CURRY. ALL SAID THE $50 BILLION THRESHOLD IS ESSENTIALLY ARBITRARY AND DOESN'T WORK AND SO AT THE END OF THE DAY WHAT IT'S DOING, MR. SPEAKER, IS PUTTING IN AN ADDITIONAL REGULATORY BURDEN ON BANKS THAT POSE NO SYSTEMIC RISK TO OUR ECONOMY, MAKING IT MORE DIFFICULT TO EXTEND CREDIT TO HARDWORKING AMERICANS WHO NEED IT. BUT FOR PEOPLE WHO JUST VOTED AGAINST TAX RELIEF FOR HARDWORKING AMERICANS, I GUESS THAT'S WHAT I WOULD EXPECT. SO NOW THEY WANT TO MAKE SURE THEY DON'T HAVE TAX RELIEF, THEY DON'T HAVE MORTGAGES, THEY DON'T HAVE CREDIT CARDS. AND SO THAT'S WHAT THEY'RE DEFENDING, MR. SPEAKER. IT'S WRONG. AND SO ON A BIPARTISAN CISTODAY I BELIEVE WE WILL VOTE FOR H.R. 3312 AND MAKE SOME SENSE OUT OF THIS SIFI RULE AND WE'LL HAVE A BETTER AMERICA TOMORROW AND I YIELD BACK THE BALANCE OF MY TIME.

                                Show Full Text
                              • 04:22:04 PM

                                THE SPEAKER PRO TEMPORE

                                THE GENTLEMAN YIELDS BACK. ALL TIME FOR DEBATE HAS EXPIRED. PURSUANT TO…

                                THE GENTLEMAN YIELDS BACK. ALL TIME FOR DEBATE HAS EXPIRED. PURSUANT TO HOUSE RESOLUTION 667, THE PREVIOUS QUESTION IS ORDERED ON THE BILL AS AMENDED. THE QUESTION IS ON ENGROSSMENT OF THE THIRD READING OF THE BILL. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT. THIRD READING.

                                Show Full Text
                              • 04:22:10 PM

                                The previous question was ordered pursuant to the rule.

                                • 04:22:20 PM

                                  THE CLERK

                                  A BILL TO AMEND THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION…

                                  A BILL TO AMEND THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT TO SPECIFY WHEN BANK HOLDING COMPANIES MAY BE SUBJECT TO CERTAIN ENHANCED SUPERVISION, AND FOR OTHER PURPOSES.

                                  Show Full Text
                                • 04:22:31 PM

                                  THE PEAKER PRO TEMPORE

                                  FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

                                • 04:22:34 PM

                                  MR. GREEN

                                  MR. SPEAKER, I RISE TO REMIND MY COLLEAGUE THAT HE'LL HAVE ANOTHER CHANCE…

                                  MR. SPEAKER, I RISE TO REMIND MY COLLEAGUE THAT HE'LL HAVE ANOTHER CHANCE TO VOTE ON IMPEACHMENT AND TO ASK FOR A RECORDED VOTE.

                                  Show Full Text
                              • 04:22:39 PM

                                On passage Roll Call 694 - Yea and Nay vote pending.

                                • 04:22:43 PM

                                  THE SPEAKER PRO TEMPORE

                                  THE QUESTION IS ON PASSAGE OF THE BILL. THOSE IN FAVOR SAY AYE. THOSE…

                                  THE QUESTION IS ON PASSAGE OF THE BILL. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT.

                                  Show Full Text
                                • 04:22:54 PM

                                  MR. HENSARLING

                                  MR. SPEAKER, I ASK FOR THE YEAS AND NAYS.

                                • 04:22:56 PM

                                  THE SPEAKER PRO TEMPORE

                                  THE YEAS AND NAYS ARE REQUESTED. THOSE IN FAVOR OF VOTING ALL THOSE IN…

                                  THE YEAS AND NAYS ARE REQUESTED. THOSE IN FAVOR OF VOTING ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE AND REMAIN STANDING UNTIL COUNTED. PURSUANT TO CLAUSE 8 OF RULE 20, THIS 15-MINUTE VOTE ON PASSAGE OF H.R. 3312 WILL BE FOLLOWED BY FIVE-MINUTE VOTES ON THE MOTION TO SUSPEND THE RULES AND PASS THE BILL S. 1536 BY THE YEAS AND NAYS. AND AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL, IF ORDERED. THIS IS A 15-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

                                  Show Full Text
                                • 04:50:11 PM

                                  THE SPEAKER PRO TEMPORE

                                  ON THIS VOTE THE YEAS ARE 288. THE NAYS ARE 130. THE BILL IS PASSED.…

                                  ON THIS VOTE THE YEAS ARE 288. THE NAYS ARE 130. THE BILL IS PASSED. WITHOUT OBJECTION, THE MOTION TO RECONSIDER IS LAID ON THE TABLE. THE UNFINISHED BUSINESS IS THE VOTE ON THE MOTION OF THE GENTLEMAN FROM MISSOURI, MR. GRAVES, TO SUSPEND THE RULES AND PASS SENATE 1536 ON WHICH THE YEAS AND NAYS ARE ORDERED. THE CLERK WILL REPORT THE TITLE OF THE BILL.

                                  Show Full Text
                            • 04:50:27 PM

                              House Vote 694 - On Passage

                              Systemic Risk Designation Improvement Act of 2017

                              Passed (288 - 130)
                              Yea
                              Nay

                              Vote Details: Yea - 288
                              Republican - 229
                              Democratic - 59

                              Vote Details: Nay - 130
                              Democratic - 128
                              Republican - 2

                              Vote Details: Not Voting - 13
                              Republican - 7
                              Democratic - 6

                              • 04:50:29 PM

                                Motion to reconsider laid on the table Agreed to without objection.

                              • 04:50:30 PM

                                UNFINISHED BUSINESS

                                The Chair announced that the unfinished business was the motion to suspend the rules and pass S. 1536, which was debated earlier and on which further proceedings had been postponed.

                                • 04:50:37 PM

                                  THE CLERK

                                  SENATE 1536, AN ACT TO DESIGNATE A HUMAN TRAFFICKING PREVENTION…

                                  SENATE 1536, AN ACT TO DESIGNATE A HUMAN TRAFFICKING PREVENTION COORDINATOR AND TO EXPAND THE SCOPE OF ACTIVITY AUTHORIZED UNDER THE FEDERAL MOTOR CARRIER ADMINISTRATION OUTREACH AND EDUCATION PROGRAM TO INCLUDE HUMAN TRAFFICKING PREVENTION ACTIVITIES AND FOR OTHER PURPOSES.

                                  Show Full Text
                                • 04:50:50 PM

                                  Considered as unfinished business. S. 1536 — "To designate a human trafficking prevention coordinator and to expand the scope of activities authorized under the Federal Motor Carrier Safety Administration's outreach and education program to include human trafficking prevention activities, and for other purposes."

                                  • 04:50:55 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS THE BILL.…

                                    THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS THE BILL. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. THIS IS A FIVE-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.] [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES.

                                    Show Full Text
                                • 04:51:10 PM

                                  On motion to suspend the rules and pass the bill Roll Call 695 - 2/3 Yea and Nay vote pending.

                                  • 04:56:31 PM

                                    THE SPEAKER PRO TEMPORE

                                    ON THIS VOTE THE YEAS ARE 417.

                                  • 04:57:09 PM

                                    THE SPEAKER PRO TEMPORE

                                    ON THIS VOTE THE YEAS ARE 418. THE NAYS ARE ONE. 2/3 HAVING RESPONDED IN…

                                    ON THIS VOTE THE YEAS ARE 418. THE NAYS ARE ONE. 2/3 HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED, THE BILL IS PASSED, AND WITHOUT OBJECTION THE MOTION TO RECONSIDER IS LAID ON THE TABLE. PURSUANT TO CLAUSE 8 OF RULE 20, THE UNFINISHED BUSINESS IS THE QUESTION ON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL WHICH THE CHAIR WILL PUT DE NOVO. THE QUESTION IS ON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, THE AYES HAVE IT. THE JOURNAL STANDS APPROVED.

                                    Show Full Text
                              • 04:57:33 PM

                                House Vote 695 - On Motion to Suspend the Rules and Pass

                                Combating Human Trafficking in Commercial Vehicles Act

                                Passed (418 - 1)
                                Yea

                                Vote Details: Yea - 418
                                Republican - 230
                                Democratic - 188

                                Vote Details: Nay - 1
                                Republican - 1

                                Vote Details: Not Voting - 12
                                Republican - 7
                                Democratic - 5

                                • 04:57:34 PM

                                  Motion to reconsider laid on the table Agreed to without objection.

                                • 04:57:39 PM

                                  UNFINISHED BUSINESS

                                  The Chair announced that the unfinished business was on the Speaker's approval of the Journal and put the question de novo.

                                  • 04:57:50 PM

                                    >>

                                    MR. SPEAKER, I ASK FOR THE YEAS AND NAYS.

                                  • 04:57:53 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY…

                                    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. THIS IS A FIVE-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

                                    Show Full Text
                                  • 04:58:00 PM

                                    On approving the Journal Roll Call 696 - Yea and Nay vote pending.

                                    • 05:05:16 PM

                                      THE SPEAKER PRO TEMPORE

                                      ON THIS VOTE THE YEAS ARE 227, THE NAYS ARE 180. WITH ONE ANSWERING…

                                      ON THIS VOTE THE YEAS ARE 227, THE NAYS ARE 180. WITH ONE ANSWERING PRESENT. THE JOURNAL STANDS APPROVED. THE HOUSE WILL COME TO ORDER. MEMBERS, PLEASE REMOVE YOUR CONVERSATIONS FROM THE FLOOR. THE HOUSE WILL COME TO ORDER. THE CHAIR WILL NOW ENTERTAIN REQUESTS FOR ONE-MINUTE SPEECHES. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MINNESOTA RISE? SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                • 05:05:35 PM

                                  House Vote 696 - On Approving the Journal

                                  Passed (227 - 180)
                                  Yea
                                  Nay

                                  Vote Details: Yea - 227
                                  Republican - 143
                                  Democratic - 84

                                  Vote Details: Nay - 180
                                  Democratic - 96
                                  Republican - 84

                                  Vote Details: Not Voting - 23
                                  Democratic - 12
                                  Republican - 11

                                  Vote Details: Present - 1
                                  Democratic - 1

                                  • 05:06:00 PM

                                    ONE MINUTE SPEECHES

                                    The House proceeded with further one minute speeches.

                                    • 05:06:21 PM

                                      >>

                                      MR. SPEAKER, THE HOUSE IS NOT IN ORDER.

                                    • 05:06:24 PM

                                      THE SPEAKER PRO TEMPORE

                                      THE HOUSE WILL COME TO ORDER. MEMBERS, PLEASE REMOVE YOUR CONVERSATIONS…

                                      THE HOUSE WILL COME TO ORDER. MEMBERS, PLEASE REMOVE YOUR CONVERSATIONS FROM THE FLOOR. THE GENTLEMAN IS RECOGNIZED.

                                      Show Full Text
                                    • 05:06:52 PM

                                      MR. PAULSEN

                                      MR. SPEAKER, 50 YEARS AGO THE NATIONAL PARK FOUNDATION WAS ESTABLISHED BY…

                                      MR. SPEAKER, 50 YEARS AGO THE NATIONAL PARK FOUNDATION WAS ESTABLISHED BY CONGRESS AND PRESIDENT JOHNSON. THE NATIONAL PARK FOUNDATION IS THE OFFICIAL CHARITY OF AMERICA'S NATIONAL PARKS AND THE NONPROFIT PARTNER TO THE NATIONAL PARK SERVICE. FOR 50 YEARS THEY'VE RAISED FUNDS, PRIVATE FUNDS, TO HELP PROTECT MORE THAN 84 MILLION ACRES OF NATIONAL PARKS THROUGH CRITICAL CONSERVATION AND PRESERVATION EFFORTS. THE NATIONAL PARK FOUNDATION HAS HELPED SAVEB SAFEGUARD OUR HERITAGE AND ENGAGED THAT -- HAS HELPED SAFE GARGE OUR HERITAGE AND ENGAGED -- SAFEGUARD OUR HERITAGE AND ENGAGED US WITH THE PARKS. THEY PLAYED AN IMPORTANT ROLE IN STRENGTHENING AND ENHANCING OUR PARKS. MR. SPEAKER, I WOULD JUST LIKE TO THANK THE NATIONAL PARK FOUNDATION FOR ITS WORK TO HELP PROTECT AND PRESERVE THE CROWN JEWELS OF AMERICA. OUR NATIONAL PARKS, MONUMENTS AND BATTLEFIELDS. OUR COUNTRY LOOKS FORWARD TO ANOTHER 50 YEARS OF YOUR GREAT WORK. I YIELD BACK.

                                      Show Full Text
                                    • 05:08:00 PM

                                      >>

                                      MR. SPEAKER, I LOOKED AT THE CALENDAR TODAY AND SAW THERE WAS NO DREAM ACT…

                                      MR. SPEAKER, I LOOKED AT THE CALENDAR TODAY AND SAW THERE WAS NO DREAM ACT VOTE ON THE FLOOR THIS WEEK. AS WE APPROACH TOMORROW, A POTENTIAL C.R., REPUBLICANS AND DEMOCRATS MUST SUPPORT THIS BIPARTISAN DREAM ACT. THESE ARE HARDWORKING MEN AND WOMEN. YOUNG PEOPLE. THEY ARE DOCTORS AND ARTISTS, SCIENTISTS AND POLICE OFFICERS, MENTORS AND E.M.T.'S.

                                      Show Full Text
                                    • 05:08:22 PM

                                      MR. ESPAILLAT

                                      THESE ARE AMERICANS THROUGH AND THROUGH. WE MADE A PROMISE THAT WE MUST…

                                      THESE ARE AMERICANS THROUGH AND THROUGH. WE MADE A PROMISE THAT WE MUST KEEP. WE NEED TO PROTECT THE RIGHTS AND PRINCIPLES THAT OUR COUNTRY WAS FOUNDED ON AND THRIVES UPON. WE DEMAND A VOTE FOR A CLEAN DREAM ACT TODAY. WE DEMAND A VOTE FOR THE CLEAN DREAM ACT TOMORROW. THANK YOU, MR. SPEAKER. AND I RELING WISH THE REST OF THE TIME -- RELINQUISH THE REST OF THE TIME I HAVE.

                                      Show Full Text
                                    • 05:08:46 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM CALIFORNIA SEEK RECOGNITION?…

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM CALIFORNIA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:08:55 PM

                                      >>

                                      MR. SPEAKER, I RISE TODAY TO SHARE THE STORY OF ONE OF MY CONSTITUENTS WHO…

                                      MR. SPEAKER, I RISE TODAY TO SHARE THE STORY OF ONE OF MY CONSTITUENTS WHO HAS BEEN SEVERELY IMPACTED BY THE RISING COSTS UNDER THE AFFORDABLE CARE ACT.

                                      Show Full Text
                                    • 05:09:03 PM

                                      MR. LAMALFA

                                      MR. WATTS WAS RECENTLY NOTIFIED BY HIS INSURER THAT HIS HEALTH COVERAGE…

                                      MR. WATTS WAS RECENTLY NOTIFIED BY HIS INSURER THAT HIS HEALTH COVERAGE WILL SHUT DOWN AT THE END OF THE YEAR. IN HIS PLACE HE WAS OFFERED ANOTHER PLAN TO, QUOTE, -- THAT, QUOTE, MAY MEET HIS NEEDS. HE'LL BE AUTOMATICALLY ENROLLED. THAT'S RIGHT. THEY JUST SIGN HIM UP FOR ONE. THE PROBLEM IS, THIS PLAN, WHICH COVERS AN ANUNDULT AND TWO TEENS, SEEING HIS MONTHLY PREMIUM SKYROCKET TO $2,067 PER MONTH, AN INCREASE OF $831. THAT'S A HUGE INCREASE. 67%. COSTING HIM UPWARDS OF $9/11,-- $9 HAD, 900 A YEAR. HE'S NO LONGER ABLE TO AFFORD HIS INSURANCE AND MANY ACROSS THE COUNTRY FIND THEMSELVES IN THE SAME POSITION. SADLY, MY OFFICE STAFF AND I HAVE HEARD THIS STORY COUNTLESS TIMES. MANY OF MY -- IN MY DISTRICT WERE PRETTY HAPPY WITH THEIR INSURANCE BEFORE OBAMACARE AND NOW UNDER THE INDIVIDUAL MANDATE THEY'RE FORCED TO PAY FOR INSURANCE THEY CAN'T AFFORD. WITH THE REPEAL OF THE INDIVIDUAL MANDATE, AS IN H.R. 1, WHICH WAS PASSED TODAY, INDIVIDUALS LIKE MR. WATTS ARE NOT PUNISHED FOR FAILING TO PURCHASE UNAFFORDABLE INSURANCE. INSTEAD WE WILL SEEK TO ALLOW AFFORDABLE CHOICES FOR AMERICANS TO CHOOSE THEMSELVES. I YIELD BACK.

                                      Show Full Text
                                    • 05:10:20 PM

                                      THE SPEAKER PRO TEMPORE

                                      FROM OREGON SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS…

                                      FROM OREGON SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:10:29 PM

                                      MR. DEFAZIO

                                      IT'S A DARK DAY. $3 TRILLION IN REVENUE CUTS IN TAX BREAKS. 3/4 OF THAT…

                                      IT'S A DARK DAY. $3 TRILLION IN REVENUE CUTS IN TAX BREAKS. 3/4 OF THAT GOES TO CORPORATIONS UNDER THE PREMISE THAT THEY WILL USE THAT MONEY TO EMPLOY PEOPLE. THE LAST TIME THEY GOT THIS KIND OF A BREAK, 93% OF THE MONEY WENT TO STOCK DIVIDENDS, BUYBACK AND EXECUTIVE BONUSES. AND IT WILL BE NO DIFFERENT THIS TIME. SQUANDERING AMERICA'S WEALTH FOR THE WEALTHIEST AMONG US. 83% OF THE REMAINDER GOES TO PEOPLE WHO EARN OVER $400,000 A YEAR. THEY'RE GOING TO TRICKLE DOWN ON US. YET, AGAIN, AT THE SAME TIME THERE IS NO INFRASTRUCTURE PACKAGE. THE TRUMP ADMINISTRATION, D.O.T. SAYS, WE JUST DON'T KNOW WHERE WE CAN FIND THE MONEY. WELL IMAGINE IF THEY USED A FRACTION OF THESE TAX GIVEAWAYS FOR INFRASTRUCTURE. 15,000 JOBS PER $1 BILLION INVESTED. WE COULD HAVE HAD $1.5 MILLION WITH 3% OF THE MONEY THEY JUST WASTED ON THESE TAX CUTS. SHAME ON YOU.

                                      Show Full Text
                                    • 05:11:29 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA SEEK RECOGNITION?…

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:11:37 PM

                                      >>

                                      THANK YOU, MR. SPEAKER. I RISE TODAY TO RECOGNIZE SOME WONDERFUL WORK…

                                      THANK YOU, MR. SPEAKER. I RISE TODAY TO RECOGNIZE SOME WONDERFUL WORK BEING DONE FOR OUR STUDENTS IN PENNSYLVANIA. THE BURKS COUNTY CAREER PACTWAYS ALLIANCE IS AN INITIATIVE TO CREATE A COUNTYWIDE FRAMEWORK TO ENGAGE K-12 STUDENTS IN CAREER AWARENESS, WORK-BASED LEARNING OPPORTUNITIES AND FINANCIAL LITERACY. MR. SPEAKER, I'VE SPOKEN IN THIS CHAMBER BEFORE ABOUT OUR WORK TO PREPARE STUDENTS FOR OUR 21ST CENTURY ECONOMY. BUT TODAY I GET TO STAND UP HERE AND SHARE THE WORK THAT'S BEING DONE BY THE PEOPLE ON THE GROUND FIGHTING EVERY DAY TO MAKE A DIFFERENCE IN THE LIVES OF THE STUDENTS IN THEIR COMMUNITIES.

                                      Show Full Text
                                    • 05:12:13 PM

                                      MR. SMUCKER

                                      COUNTY. THANK YOU, MR. SPEAKER. I YIELD BACK.

                                    • 05:13:08 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLELADY FROM TEXAS SEEK RECOGNITION? WITHOUT…

                                      FOR WHAT PURPOSE DOES THE GENTLELADY FROM TEXAS SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEWOMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:13:20 PM

                                      MS. JACKSON LEE

                                      MR. SPEAKER, I HOLD IN MY HAND THE VOTE TALLY FOR THE TAX, NO JOBS BILL.…

                                      MR. SPEAKER, I HOLD IN MY HAND THE VOTE TALLY FOR THE TAX, NO JOBS BILL. IT'S INTERESTING, WHEN YOU'RE ASKED ABOUT THE TAX BILL, THEY PUT THE WORD JOBS. THIS WAS A VERY CLOSE VOTE. AND 12 REPUBLICANS UNDERSTOOD THIS WAS THE WORST VOTE, WORST BILL IN THE HISTORY OF THE UNITED STATES. AND THE REASON IS, OF COURSE, BECAUSE TENS OF MILLIONS OF MIDDLE CLASS HOUSEHOLDS AND THOSE WHO NEED A TAX BREAK WILL NOT GET IT. $1.7 TRILLION IN DEBT. IT ELIMINATES TAX BENEFITS THAT DIRECTLY IMPACT THE MIDDLE CLASS. AND IT RESULTS IN 13 MILLION FEWER AMERICANS WITH HEALTH INSURANCE. AND IT ADDS OVER $2 TRILLION IN DEFICIT SPENDING AND TRIGGERS PAY-GO'S AUTOMATIC SPENDING CUT TO MANDATORY PROGRAMS. SO LET ME TELL YOU, MY VOICE IS A LITTLE ROUGH. BUT MY HEART IS STRONG. SOCIAL SECURITY TO THE AMERICAN PEOPLE, IT'S GOING TO BE CUT. MEDICARE, IT'S GOING TO BE CUT. THE MEDICAID FOR THOSE IN NURSING HOMES LIKE MY FRIEND THAT I VISITED OVER THE WEEKEND WILL BE CUT. AND YOU KNOW WHAT, THERE WILL BE NO ANSWER IN JOBS OF CORPORATIONS WHO HAVE GOT LOW TAX RATES, LOWER THAN YOU. THIS IS A DEBACLE SO BAD THAT IT HAS TO COME BACK AND WE HAVE TO VOTE AGAIN FOR IT. MY VOICE IS A LITTLE ROUGH. BUT I'M GOING OUT THERE TO TELL THE AMERICAN PEOPLE, THIS IS THE WORST CALAMITY SINCE WE COLLAPSED UNDER THE PAST REPUBLICANS.

                                      Show Full Text
                                    • 05:14:57 PM

                                      THE SPEAKER PRO TEMPORE

                                      YOU'RE NO LONGER RECOGNIZED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM…

                                      YOU'RE NO LONGER RECOGNIZED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM GEORGIA SEEK RECOGNITION?

                                      Show Full Text
                                    • 05:15:03 PM

                                      >>

                                      I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE…

                                      I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

                                      Show Full Text
                                    • 05:15:07 PM

                                      THE SPEAKER PRO TEMPORE

                                      WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE. .

                                    • 05:15:15 PM

                                      MR. CARTER

                                      I RISE TO RECOGNIZE AGNUS WHO PASSED AWAY AT THE AGE OF 79. SHE WORKED FOR…

                                      I RISE TO RECOGNIZE AGNUS WHO PASSED AWAY AT THE AGE OF 79. SHE WORKED FOR 40 YEARS IN THE SECRETARY OF THE SENATE OFFICE IN THE GEORGIA STATE CAPITOL. SHE SERVED IN A NUMBER OF DIFFERENT CAPACITIES THERE WITH DEDICATION SINCE 1968. ALWAYS MAKING THE GEORGIA STATE CAPITOL RUN MORE EFFICIENTLY WHILE PROMOTING GOOD GOVERNMENT. OUTSIDE OF HER TIME WORKING AS A CIVIL SERVANT, MS. STOSTER WAS INVOLVED IN THE FIRST BAPTIST CHURCH FOR OVER 40 YEARS. THERE SHE PLAYED IN THE HAND BELLS AND TAUGHT THE 2-YEAR-OLD SUNDAY SCHOOL CLASS. SHE'S SURVIVED BY FAMILY ALL OVER THE STATE OF GEORGIA INCLUDING HER HUSBAND, SISTER, CHILDREN, GRANDCHILDREN AND 30 NIECES AND NEVADA USE. HER BRIGHT SPIRIT WILL SURELY BE MISSED BY EVERYONE AROUND THE GEORGIA STATE CAPITOL. MR. SPEAKER, I YIELD BACK.

                                      Show Full Text
                                    • 05:16:14 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM NEW JERSEY SEEK RECOGNITION?…

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM NEW JERSEY SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:16:29 PM

                                      MR. PAYNE

                                      MR. SPEAKER, WHAT A DISASTER. THE AMERICAN PEOPLE WANTED A TAX CODE THAT…

                                      MR. SPEAKER, WHAT A DISASTER. THE AMERICAN PEOPLE WANTED A TAX CODE THAT WORKS FOR THEM. INSTEAD, MY ESTEEMED COLLEAGUES JUST PASSED A TAX PLAN THAT ONLY WORKS FOR CRONY CAPITALISTS AND OLIGARCHES. THE G.O.P. TAX PLAN IS SCAMMING HARDWORKING AMERICAN FAMILIES IN ORDER TO LINE THE POCKETS OF MILLIONAIRE REAL ESTATE DEVELOPERS AND PEOPLE WHO PAINT THEIR TOILET FIXTURES IN THEIR PRIVATE JETS GOLD. MR. SPEAKER, HARDWORKING AMERICAN TAXPAYERS WANT JOBS, INVESTMENTS IN OUR HIGHWAYS AND RAILROADS, FULLY FUNDED CHILDREN'S HEALTH CARE, STATE-OF-THE-ART SCHOOLS, AND WELL-PAID TEACHERS. OLIGARCHES WHO OWN GUILDED SKYSCRAPERS, GOLD LEAF GOLF COURSES AND REAL ESTATE PASS-THROUGHS WANT TO DROWN IN THE EXCESS OF THE WEALTH. THE AMERICAN PEOPLE WROTE THEIR REPRESENTATIVES. THEY CALLED US. THEY MARCHED IN THE HALLS OF THE CAPITOL FOR A DEMOCRATIC TAX CODE. INSTEAD, THEY GOT A SCAM THAT TAKES AWAY MONEY FROM SCHOOLS, POLICE OFFICERS, FIRE DEPARTMENTS, AND FAMILIES. BUT I GUESS MONEY TALKS AND I YIELD BACK.

                                      Show Full Text
                                    • 05:17:46 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM NEW YORK SEEK RECOGNITION?

                                    • 05:17:51 PM

                                      >>

                                      I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE…

                                      I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

                                      Show Full Text
                                    • 05:17:56 PM

                                      TEMPORE WITHOUT

                                      WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                    • 05:17:58 PM

                                      >>

                                      THANK YOU, MR. SPEAKER. THE PASSAGE OF TODAY'S BILL IS A FIRST STEP TO…

                                      THANK YOU, MR. SPEAKER. THE PASSAGE OF TODAY'S BILL IS A FIRST STEP TO PROVIDING ONCE IN A GENERATION RELIEF IN THE FAILED STATUS QUO, ESPECIALLY IN NEW YORK STATE.

                                      Show Full Text
                                    • 05:18:12 PM

                                      MS. TENNEY

                                      THOSE IN MY DISTRICT WILL SEE A TAX CUT OF OVER $2,000 AND THEY CAN SEE AN…

                                      THOSE IN MY DISTRICT WILL SEE A TAX CUT OF OVER $2,000 AND THEY CAN SEE AN IMMEDIATE RAISE IN THEIR JANUARY AND FEBRUARY PAYCHECKS. AS A SINGLE WORKING MOM AND A PERSON WHO CARED FOR MY ELDERLY AND AGING PARENTS, I AND MY NEW YORK COLLEAGUES FOUGHT AN UPHILL BATTLE TO INCLUDE PROVISIONS FACING ELIMINATION THAT ARE VITAL TO SENIORS, SINGLE PARENTS, STRUGGLING FAMILIES AND OVERBURDEN JOB CREATORS, MANY OF WHOM LEFT NEW YORK STATE IN VAST NUMBERS. DESPITE THE FACT THESE PROVISIONS FACE THE VERY REAL THREAT OF ELIMINATION, OUR EFFORTS WERE SUCCESSFUL IN SECURING THE HISTORIC TAX CREDIT FOR A STATE LIKE NEW YORK WITH MANY OF OUR NATION'S MOST HISTORIC AND MOST IMPORTANT NATIONAL LANDMARKS. EXPANDING THE SALT DEDUCTION, THE STATE AND LOCAL TAX DEDUCTION, CHILDCARE, AND DEPENDENT CARE CREDITS, CONTINUING THE DEDUCTIBILITY OF MEDICAL EXPENSES TO ASSIST OUR MOST VULNERABLE SENIORS. IN THE 22ND DISTRICT, 99% OF ITEMIZERS DEDUCT LESS THAN $10,000 IN PROPERTY TAX. THE CAP WHICH REPRESENTS THE NEW DEDUCTION. DUE TO ALBANY'S MISMANAGEMENT, ALL THE COUNTIES I REPRESENT ARE IN THE TOP --

                                      Show Full Text
                                    • 05:19:28 PM

                                      THE SPEAKER PRO TEMPORE

                                      THE GENTLELADY'S TIME HAS EXPIRED.

                                    • 05:19:31 PM

                                      MS. TENNEY

                                      COMPARED WITH HOME VALUE NATIONWIDE. THIS BILL WILL PROVIDE RELIEF ON THE…

                                      COMPARED WITH HOME VALUE NATIONWIDE. THIS BILL WILL PROVIDE RELIEF ON THE FEDERAL LEVEL WHILE FINALLY, FINALLY INCENTIVIZING --

                                      Show Full Text
                                    • 05:19:38 PM

                                      THE SPEAKER PRO TEMPORE

                                      THE GENTLELADY IS NO LONGER RECOGNIZED. MEMBERS ARE REMINDED TO HEED THE…

                                      THE GENTLELADY IS NO LONGER RECOGNIZED. MEMBERS ARE REMINDED TO HEED THE GAVEL. FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM HAWAII SEEK RECOGNITION?

                                      Show Full Text
                                    • 05:19:52 PM

                                      MS. GABBARD

                                      REQUEST UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

                                    • 05:19:56 PM

                                      TEMPORE WITHOUT

                                      WITHOUT OBJECTION, THE GENTLEWOMAN IS RECOGNIZED FOR ONE MINUTE.

                                    • 05:19:58 PM

                                      MS. GABBARD

                                      THANK YOU, MR. SPEAKER. THERE'S NO DOUBT THE AMERICAN PEOPLE NEED AND WANT…

                                      THANK YOU, MR. SPEAKER. THERE'S NO DOUBT THE AMERICAN PEOPLE NEED AND WANT REAL TAX REFORM. BUT RATHER THAN PASSING A STRONG INCLUSIVE BIPARTISAN BILL FOCUSED ON HELPING HARDWORKING MIDDLE-CLASS FAMILIES, TODAY REPUBLICANS PASSED A BILL FILLED WITH MASSIVE CORPORATE GIVEAWAYS AND LOOPHOLES FOR THE ULTRA WEALTHY. FOR EXAMPLE, THE TOP 1% IN OUR COUNTRY WILL RECEIVE OVER 82% OF THE ENTIRE TAX BENEFIT IN THE BILL THEY PASSED TODAY. AS LONG AS CONGRESS CONTINUES TO PASS LEGISLATION FOR PARTISAN POLITICAL REASONS, THAT SERIOUSLY SERVE SPECIAL CORPORATE INTERESTS INSTEAD OF THE FAMILIES THAT ARE STRUGGLING JUST TO GET BY EVERY DAY, WHERE LOBBYISTS HAVE MORE INPUT IN THE WRITING OF THIS LEGISLATION THAN MANY MEMBERS OF CONGRESS, THE AMERICAN PEOPLE LOSE. I OPPOSE THIS LEGISLATION TODAY. IT'S A DISAPPOINTMENT AND A HUGE LOST OPPORTUNITY TO ACTUALLY HELP SO MANY STRUGGLING FAMILIES ALL ACROSS THE COUNTRY. I YIELD BACK.

                                      Show Full Text
                                    • 05:20:57 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM PUERTO RICOO SEEK RECOGNIZE --…

                                      FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM PUERTO RICOO SEEK RECOGNIZE -- PUERTO RICO SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEWOMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:21:14 PM

                                      MISS GONZALEZ-CLON

                                      NEED TO BRING BACK SOME SENSE OF NORMALCY AFTER THE DEVASTATING IMPACTS OF…

                                      NEED TO BRING BACK SOME SENSE OF NORMALCY AFTER THE DEVASTATING IMPACTS OF BOTH HURRICANES IRMA AND MARIA. PUERTO RICO'S ECONOMY HAS BEEN ON A DECLINE DUE TO MOSTLY THE ISLAND'S TERRITORIAL STATUS. TAX REFORM COULD FIX THIS LONG-STANDING INEQUITIES BY GRANTING PUERTO RICO EQUAL TREATMENT FOR THAT OF THE 50 STATES. WHILE WE ARE THANKFUL FOR THIS BILL, I BELIEVE THERE IS BROAD OPPORTUNITY RECOGNITION THAT'S MORE NEEDS TO BE DONE IN THE FUTURE. THE FEDERAL GOVERNMENT MUST LIVE UP TO THE RESPONSIBILITY AND ACT DISEESIVELY TO END YEARS OF IMPLEMENT -- NOT IMPLEMENTING PRO-GROWTH ECONOMIC POLICIES -- BEDROCK OF CITIZENS, EQUALITY AND POLITICAL EMPOWERMENT AND MY CONSTITUENTS DESERVE NO LESS.

                                      Show Full Text
                                    • 05:22:16 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM WASHINGTON SEEK RECOGNITION?…

                                      FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM WASHINGTON SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEWOMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:22:27 PM

                                      MS. JAYAPAL

                                      THANK YOU. MR. SPEAKER, I RISE TODAY WITH A HEAVY HEART. YESTERDAY MY HOME…

                                      THANK YOU. MR. SPEAKER, I RISE TODAY WITH A HEAVY HEART. YESTERDAY MY HOME STATE AND MY HOME DISTRICT SUFFERED A GREAT TRAGEDY. AMTRAK CASCADES 501 TRAVELING FROM SEATTLE TO PORTLAND, OREGON, CARRYING 80 PASSENGERS AND SEVEN CREWMEMBERS, DERAILED NEAR OLYMPIA, WASHINGTON. EARLY REPORTS ARE THAT AT LEAST THREE PASSENGERS HAVE DIED AND NEARLY 100 PEOPLE NEEDED HOSPITAL CARE. MY HEART AND PRAYERS GO OUT TO ALL THOSE FAMILIES AS THEY DEAL WITH THIS TRAGEDY. OUR OFFICE STANDS READY TO HELP ANY CONSTITUENT IN ANY WAY WE CAN. FOR UP-TO-DATE INFORMATION, FRIENDS AND FAMILY ON AMTRAK CASCADES 501 CAN CALL 1-800-523-9101. I ALSO WANT TO THANK OUR FIRST RESPONDERS FOR THEIR SKILL AND THEIR COURAGE. THIS COULD HAVE BEEN FAR WORSE WITHOUT THEM. BUT AZZAM TRACK, THE NATIONAL TRANSPORTATION SAFETY BOARD, AND STATE AND LOCAL OFFICIALS HELP ON THE SCENE, THERE'S STILL SO MANY QUESTIONS LIKE, WHY WAS THE TRAIN GOING 50 MILES OVER THE SPEED LIMIT AS IT ROUNDED THE CURVE? AND WHY WAS THE TRAIN NOT USING POSITIVE TRAIN CONTROL TECHNOLOGY TO SLOW THE TRAIN DOWN? AND HOW, MR. SPEAKER, CAN WE BE SURE THAT THIS NEVER HAPPENS AGAIN? MR. SPEAKER, I WILL DO EVERYTHING I CAN TO ENSURE THAT THE INVESTIGATION AND OUR AFFECTED FAMILIES HAVE THE RESOURCES AND THE SUPPORT NECESSARY TO GET THE FACTS IN THE COMING DAYS AND MONTHS. I THANK YOU AND I YIELD BACK THE BALANCE OF MY TIME.

                                      Show Full Text
                                    • 05:23:57 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM NEW JERSEY SEEK RECOGNITION?…

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM NEW JERSEY SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:24:07 PM

                                      >>

                                      MR. SPEAKER, I RISE TODAY TO HONOR A VERY SPECIAL WOMAN. MRS. ROW LETA…

                                      MR. SPEAKER, I RISE TODAY TO HONOR A VERY SPECIAL WOMAN. MRS. ROW LETA CREME FROM CAMDEN COUNTY, WHAT WAS KNOWN NOT ONLY FROM THE CITY SHE WAS BORN IN BUT THE ENTIRE STATE OF NEW JERSEY. SHE PASSED AWAY, UNFORTUNATELY, YESTERDAY. MRS. GREEN WAS A KIND, GENTLE AND LOVING WOMAN. SHE HAD SPECIAL CHARACTER, STRENGTH AND CONVICTION. SHE WAS KNOWN AS AN INSTITUTION FOR EDUCATION AND PUBLIC SERVICE. SHE WAS A FRIEND, A MENTOR, AN EDUCATOR, AND A DEAR, DEAR FRIEND TO SO MANY OF THOSE CHILDREN WHO WENT TO HER SCHOOL. CAMDEN CITY NATIVE AND WAS PRINCIPAL OF CAMDEN CITY HIGH SCHOOL FOR OVER A DECADE.

                                      Show Full Text
                                    • 05:25:02 PM

                                      MR. NORCROSS

                                      PEACE. I YIELD BACK THE BALANCE OF MY TIME.

                                    • 05:25:57 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION? WITHOUT…

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:26:06 PM

                                      MR. VEASEY

                                      MR. SPEAKER, I RISE TODAY TO RECOGNIZE MY NEIGHBOR AND EAST FORT WORTH…

                                      MR. SPEAKER, I RISE TODAY TO RECOGNIZE MY NEIGHBOR AND EAST FORT WORTH FRIEND, LILY BIGINS, WHO WILL BE RETIRING FROM THE HARRIS METHODIST HOSPITAL AFTER 45 YEARS OF SERVICE. SHE JOINED TEXAS HEALTH FORT WORTH BACK IN 1997 SERVING AS VICE PRESIDENT OF OPERATIONS. HER ROLE WAS CRITICAL IN OVERSEEING MAJOR DEPARTMENTS SUCH AS EMERGENCY SERVICES, TRAUMA SERVICES AND RESTORATIVE SERVICES. DURING HER TENURE SHE HELPED CULTIVATE A VISION OF SUCCESS FOR THE TEXAS FORT WORTH COMMUNITY. NOT ONLY DID LILY DEDICATE HER TIME IN THE HEALTH COMMUNITY BUT SHE ALSO VOLUNTEERS ALL AROUND THE CITY OF FORT WORTH. LILY OFTEN MENTORS AND HELPS OTHERS IN THE AREA OF HEALTH, EDUCATION, YOUTH, SENIOR CITIZEN SERVICES, BUSINESSES AND SO MANY AREAS IN OUR AREA THAT ARE UNDERSERVED. FOR HER DEDICATED SERVICE TO THE COMMUNITY SHE'S BEEN AWARDED SO MANY AWARDS INCLUDING HER INDUCTION INTO THE TEXAS WOMEN'S HALL OF FAME IN 2014. I WISH LILY ALL THE BEST AS SHE MOVES ON INTO HER RELAXING RETIREMENT. BUT I KNOW SHE PROBABLY WON'T BE THAT RELAXED. SHE'S GOING TO BE VERY ACT SK IN THE COMMUNITY, AND -- ACTIVE IN THE COMMUNITY AND I WISH HER THE BEST IN THE FUTURE. MR. SPEAKER, I YIELD BACK THE BALANCE OF MY TIME.

                                      Show Full Text
                                    • 05:27:26 PM

                                      THE SPEAKER PRO TEMPORE

                                      THE GENTLEMAN YIELDS BACK. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM…

                                      THE GENTLEMAN YIELDS BACK. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM GEORGIA SEEK RECOGNIZE NIGGETS -- RECOGNITION?

                                      Show Full Text
                                    • 05:27:33 PM

                                      MR. JOHNSON

                                      TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

                                    • 05:27:36 PM

                                      TEMPORE WITHOUT

                                      WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                    • 05:27:38 PM

                                      MR. JOHNSON

                                      THANK YOU, MR. SPEAKER. WHAT DO EBENEZER SCROOGE AND THE REPUBLICAN TAX…

                                      THANK YOU, MR. SPEAKER. WHAT DO EBENEZER SCROOGE AND THE REPUBLICAN TAX SCAM HAVE IN COMMON? WELL, THEY ARE ALL RUTHLESS, CUTTHROAT, COLD-BLOODED AND HEARTLESS AND STINGY. THAT'S WHY I VOTED NO ON THE REPUBLICAN TAX SCAM, AND IF I COULD HAVE ADDED AN H TO THE N -- NO I WOULD HAVE. THIS WILL RAISE TAXES ON 86 MILLION MIDDLE INCOME FAMILIES. THE NUMBERS PROVE THIS IS A TAX CUT FOR THE ULTRA-WEALTHY AND NOT FOR THE MIDDLE CLASS AND ANYONE WHO TRIES TO DECEIVE YOU INTO THINKING OTHERWISE, SHAME ON THEM. ADDING INSULT TO INJURY, THIS TAX CUT ADDS $1.5 TRILLION TO THE NATIONAL DEBT, AND REPUBLICANS WILL SOON USE THE DEBT TO JUSTIFY THEIR ULTIMATE PLAN, WHICH IS TO CUT MEDICARE, MEDICAID, AND SOCIAL SECURITY. TODAY'S VOTE PROVES THAT REPUBLICANS CARE MORE ABOUT THE WEALTHY AND BIG MULTINATIONAL CORPORATIONS THAN THEY DO FOR ORDINARY PEOPLE. SO MERRY CHRISTMAS TO THE WEALTHY WHO ALREADY HAVE PLENTY AND TO THEIR SPECIAL INTEREST LOBBYISTS.

                                      Show Full Text
                                    • 05:28:51 PM

                                      THE SPEAKER PRO TEMPORE

                                      THE GENTLEMAN'S TIME HAS EXPIRED.

                                    • 05:28:53 PM

                                      MR. JOHNSON

                                      AND TO THE REST OF AMERICA STRUGGLING TO MAKE ENDS MEET, BAHUMBUG.

                                    • 05:28:58 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM OHIO SEEK RECOGNITION?

                                    • 05:29:02 PM

                                      MS. KAPTUR

                                      I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

                                    • 05:29:06 PM

                                      TEMPORE WITHOUT

                                      WITHOUT OBJECTION, THE GENTLEWOMAN IS RECOGNIZED FOR ONE MINUTE.

                                    • 05:29:08 PM

                                      MS. KAPTUR

                                      MR. SPEAKER, AS REPUBLICANS RAM THROUGH THEIR TAX GRAVY TRAIN FOR…

                                      MR. SPEAKER, AS REPUBLICANS RAM THROUGH THEIR TAX GRAVY TRAIN FOR BILLIONAIRES, WE LEARNED OF ANOTHER CARVEOUT TO MEGA INVESTORS IN REAL ESTATE. THIS CARVEOUT ALLOWS REAL ESTATE BUSINESSES TO TAKE ADVANTAGE OF A NEW TAX BREAK WHICH WAS PARACHUTED INTO THE SENATE BILL TO SWING REPUBLICAN VOTES LIKE SENATOR BOB CORKER. DRAIN THE SWAMP, THE REPUBLICANS ARE LAUGHING ALL THE WAY TO THE BANK. A TAX EXPERT AT BOSTON COLLEGE SAID THIS IS A BIG WINDFALL FOR REAL ESTATE DEVELOPERS LIKE -- DONALD TRUMP. SO LET ME ASK, WHERE IS THE WINDFALL FOR THE MIDDLE CLASS? WHERE IS THE GUARANTEE THAT THOSE INVESTORS WHO MAKE OUT BIG TIME WILL INVEST THEIR MONEY HERE IN THE UNITED STATES OF AMERICA AND STOP SHIPPING OUR JOBS OVERSEAS? WHERE IS THE GUARANTEE FOR BETTER WAGES? WE'VE SEEN THIS MOVIE BEFORE. CUT TAXES FOR THE RICH AND THE ECONOMY GROWS, WELL, THAT DIDN'T HAPPEN. UNDER THE BUSH TAX CUTS, PRESIDENT JOHN KENNEDY SAID IF A FREE SOCIETY CANNOT HELP THE MANY THAT ARE POOR, IT CANNOT SAVE THE FEW WHO ARE RICH. WELL, THIS REPUBLICAN TAX SCAM LOCKS IN 83% OF THE BREAKS IN FAVOR OF THE RICHEST AMONG US. BUT A DAY OF RECKONING IS COMING NOVEMBER, 2018. .

                                      Show Full Text
                                    • 05:30:27 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM COLORADO SEEK RECOGNITION?

                                    • 05:30:30 PM

                                      >>

                                      TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO THANK THE SPEAKER FOR BEING SO…

                                      TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO THANK THE SPEAKER FOR BEING SO GENEROUS WITH THE TIME.

                                      Show Full Text
                                    • 05:30:34 PM

                                      THE SPEAKER PRO TEMPORE

                                      WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                    • 05:30:36 PM

                                      >>

                                      I THANK THE SPEAKER. RECENTLY THERE'S BEEN A REAL FLURRY BY THE…

                                      I THANK THE SPEAKER. RECENTLY THERE'S BEEN A REAL FLURRY BY THE REPUBLICANS HERE IN CONGRESS TO DISPARAGE AND CALL NAMES TO THE F.B.I. AND TO THE JUSTICE DEPARTMENT.

                                      Show Full Text
                                    • 05:30:47 PM

                                      MR. PERLMUTTER

                                      BUT IT'S RIGHT AFTER MICHAEL FLYNN PLED GUILTY, RIGHT AFTER GEORGE…

                                      BUT IT'S RIGHT AFTER MICHAEL FLYNN PLED GUILTY, RIGHT AFTER GEORGE PAPADOPOULOS PLED GUILTY AND THE INVESTIGATION INTO RUSSIA AND POTENTIAL COLLUSION WITH THE ADMINISTRATION. NOW, MY QUESTION IS, WHAT ARE YOU AFRAID OF? WHY ARE YOU GETTING IN SUCH A BIG RUSH TO COMPLAIN ABOUT THESE FOLKS SNOW WHAT ARE YOU HIDING? -- NOW? WHAT ARE YOU HIDING? WHAT IS IT THAT'S BOTHERING YOU? LET THE DETECTIVES DO THEIR WORK TO FIGURE OUT WHAT HAPPENED BETWEEN RUSSIA AND THIS ADMINISTRATION. YOU KNOW, I MEAN, IT'S LIKE, WE'VE BEEN ASKING FOR THE PRESIDENT'S TAX RETURNS FOR AGES. WHAT'S HE HIDING? WE WON'T EVEN KNOW HOW MUCH MONEY HE GETS TO SAVE UNDER THIS TERRIBLE TAX BILL THAT WAS PASSED TODAY BY THE REPUBLICAN CONGRESS. SO, I JUST WANT TO KNOW, WHY ARE YOU SO WORRIED, WHAT ARE YOU AFRAID OF, WHAT ARE YOU HIDING? AND I YIELD BACK.

                                      Show Full Text
                                    • 05:31:40 PM

                                      THE SPEAKER PRO TEMPORE

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM FLORIDA SEEK RECOGNITION? WITHOUT…

                                      FOR WHAT PURPOSE DOES THE GENTLEMAN FROM FLORIDA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                      Show Full Text
                                    • 05:31:50 PM

                                      >>

                                      THANK YOU, MR. SPEAKER. OVER 250,000 OF MY FELLOW PUERTO RICANS HAVE…

                                      THANK YOU, MR. SPEAKER. OVER 250,000 OF MY FELLOW PUERTO RICANS HAVE ARRIVED IN FLORIDA SINCE HURRICANE MARIA. THE TAX BILL ON TOP OF THAT ABSOLUTELY IS GOING TO DECIMATE THE MANUFACTURING SECTOR THERE, WHICH IS GOING TO ONLY HASTEN MY BROTHERS AND SISTERS TO MY HOME STATE OF FLORIDA. WE'VE DONE OUR BEST AS A HOST STATE TO EASE SCHOOL ENROLLMENT FOR OUR YOUNG PEOPLE. TO HAVE IN-STATE TUITION FOR OUR COLLEGE STUDENTS COMING HERE FROM THE ISLAND. OUR HOSPITALS ARE DOING THEIR BEST TO MEET THE CHALLENGE. AND MANY ARE GETTING JOBS, ALTHOUGH NOT AS HIGH-PAYING AS WE'D LIKE. WE ALSO ARE PUTTING BILLS FORWARD TO SPEED UP MEDICAID QUALIFICATION AND EXPAND SECTION EIGHT HOUSING. BUT MOST CRITICALLY, FLORIDA FACES A HOUSING CRISIS OF EPIC PROPORTIONS. ON JANUARY 15, THE FEMA HOTEL VOUCHERS EXPIRE. THIS MUST BE EXTENDED FOR ANOTHER SIX MONTHS. IN ADDITION, WE ARE LEADING A BIPARTISAN EFFORT IN FLORIDA TO DIRECTLY SEEK APPROVAL OF FEMA DIRECT LEASE VOUCHERS SO THAT PEOPLE CAN HAVE A PLACE TO STAY.

                                      Show Full Text
                                    • 05:33:01 PM

                                      MR. SOTO

                                      I'M APPOINTING A BIPARTISAN, FEDERAL TASK FORCE ON PUERTO RICO ARRIVALS IN…

                                      I'M APPOINTING A BIPARTISAN, FEDERAL TASK FORCE ON PUERTO RICO ARRIVALS IN CENTRAL FLORIDA TO HELP ON THIS VERY GOOD WORK. AND I YIELD BACK.

                                      Show Full Text
                                    • 05:33:10 PM

                                      THE SPEAKER PRO TEMPORE

                                      DOES ANY OTHER MEMBER SEEK TIME IN RECOGNITION THIS EVENING? THE CHAIR…

                                      DOES ANY OTHER MEMBER SEEK TIME IN RECOGNITION THIS EVENING? THE CHAIR LAYS BEFORE THE HOUSE THE FOLLOWING PERSONAL REQUESTS.

                                      Show Full Text
                                    • 05:33:22 PM

                                      THE CLERK

                                      LEAVE OF ABSENCE REQUESTED FOR MS. CLARK OF NEW YORK FOR THE FIRST SERIES…

                                      LEAVE OF ABSENCE REQUESTED FOR MS. CLARK OF NEW YORK FOR THE FIRST SERIES OF VOTES FOR TODAY AND MRS. NAPOLITANO OF CALIFORNIA FOR TODAY AFTER 4:30 P.M. AND THE BALANCE OF THE WEEK.

                                      Show Full Text
                                    • 05:33:34 PM

                                      THE SPEAKER PRO TEMPORE

                                      WITHOUT OBJECTION, THE REQUESTS ARE GRANTED. UNDER THE SPEAKER'S ANNOUNCED…

                                      WITHOUT OBJECTION, THE REQUESTS ARE GRANTED. UNDER THE SPEAKER'S ANNOUNCED POLICY OF JANUARY 3, 2017, THE GENTLEMAN FROM CALIFORNIA, MR. GARAMENDI, IS RECOGNIZED FOR 60 MINUTES AS THE DESIGNEE OF THE MINORITY LEADER.

                                      Show Full Text
                                  • 05:33:37 PM

                                    SPECIAL ORDER SPEECHES

                                    The House has concluded all anticipated legislative business and has proceeded to Special Order speeches.

                                    • 05:34:02 PM

                                      MR. GARAMENDI

                                      MR. SPEAKER, THANK YOU FOR THIS TIME TO TALK ABOUT SOMETHING THAT IS…

                                      MR. SPEAKER, THANK YOU FOR THIS TIME TO TALK ABOUT SOMETHING THAT IS RATHER IMPORTANT. SOMETHING WE DID TODAY, TO PASS A HORRENDOUS TAX CUT THAT DOESN'T MEET THIS FUNDAMENTAL GOAL. REALLY, WHENEVER WE LEGISLATE HERE, WE REALLY OUGHT TO KEEP IN MIND OUR VALUES. WHAT IS THE PURPOSE, WHAT ARE WE TRYING TO ACCOMPLISH? WHAT IS THE GOAL? WHAT IS THE VALUE, THE HUMAN VALUE THAT WE'RE TRYING TO PUT IN PLACE? I OFTEN USE THIS BECAUSE IT'S HERE IN WASHINGTON AT THE F.D.R. MEMORIAL. IT'S ON THE GRANITE -- ACTUALLY MARBLE THERE. THE TEST OF OUR PROGRESS IS NOT WHETHER WE ADD MORE TO THE ABUNDANCE OF THOSE WHO HAVE MUCH . LET ME READ THAT AGAIN. THE TEST OF OUR -- FRANKLIN DELANO ROOSEVELT. THE TEST OF OUR PROGRESS IS NOT WHETHER WE ADD MORE TO THE ABUNDANCE OF THOSE WHO HAVE MUCH , IT IS RATHER WE PROVIDE ENOUGH FOR THOSE WHO HAVE TOO LITTLE. I WANT TO USE THIS AS MY COMPASS, MY GUIDING LIGHT ON WHERE WE NEED TO GO. AND SO THIS AFTERNOON THIS HOUSE OF REPRESENTATIVES BY A VOTE OF SOME 230 TO JUST OVER 200 VOTED TO ENACT A TAX LAW THAT GOES IN EXACTLY THE OPPOSITE DIRECTION THAN WHAT F.D.R. WOULD SAY IS OUR VALUE, OUR GOAL. HERE IT IS. SPEAKER OF THE HOUSE CAME HERE TO BRING DOWN THE GAVEL, TO ANNOUNCE THE VOTE THAT HE WAS SO PROUD TO HAVE. 80% OF THE INDIVIDUAL TAX CUTS DON'T GO TO THE POOR, DON'T GO TO THE MIDDLE CLASS. THEY GO TO THE TOP 1%. HOW DOES THAT FIT? WITH WHAT FRANKLIN DELANO ROOSEVELT SAID TO THE AMERICAN NATION? IN THE HEIGHT OF THE GREAT DEPRESSION. NO, NO. YOU MAY AS WELL TAKE FRANKLIN DELANO ROOSEVELT'S WORDS, TURN THEM ON THEIR HEAD, BECAUSE THIS HOUSE DIDN'T FOLLOW THE EDICT, DIDN'T FOLLOW THE VALUE. BUT DID EXACTLY THE OPPOSITE. GAVE AWAY TO THE TOP 1%, EVEN GREAT -- TOP 1% EVEN GREATER WEALTH. HOW CAN THAT BE? WHY WOULD THEY DO THAT? WHY WOULD THEY DO THAT? WELL, I DON'T KNOW WHY THEY DO IT. BUT THEY SURELY DID IT. AND IN ADDITION TO THAT, NOT JUST THE WEALTHY 1%, THE WEALTHY 10%. WHY DON'T YOU ADD AMERICAN CORPORATIONS TO THAT, WHO ARE AWASH IN CASH? $2.5 TRILLION IN THE BANK ACCOUNTS OF AMERICAN CORPORATIONS AND THEY DON'T KNOW HOW TO SPEND IT TO CREATE JOBS IN THE UNITED STATES. INSTEAD, REPUBLICANS TODAY DECIDED THEY NEEDED A $11.4 TRILLION ADDITIONAL CASH -- $1.4 TRILLION ADDITIONAL CASH AS A RESULT OF THE TAX CUT THAT THIS HOUSE, EXCUSE ME, NO DEMOCRAT, NOT A ONE, BUT EVERY REPUBLICAN VOTED FOR. $1.43 TRILLION. THE NUMBERS FROM THE JOINT TAX COMMITTEE. OF NEW AFTER-TAX REVENUE TO AMERICAN CORPORATIONS. AND WHAT DO YOU SUPPOSE THEY'RE GOING TO DO WITH THAT? CREATE JOBS IN THE UNITED STATES? EXPAND THEIR MANUFACTURING? NO. HIGHER WAGES FOR THARKE WORKERS? NO -- FOR THEIR WORKERS? NO. I I'LL TELL WHAT YOU THEY -- I'LL TELL YOU WHAT THEY INTEND TO DO WITH IT. THIS IS IT. THE CORPORATE TAX GIVEAWAY WILL GIVE WELLS FARGO AN 18% EARNINGS INCREASE. HOW DO THEY SPEND TO INTEND IT -- HOW DO THEY INTEND TO SPEND IT? HINT. NOT ON JOBS. IN HIS OWN WORDS, TIM SHARON, C.E.O. OF -- SLOAN, C.E.O. OF WELLS FARGO, DECEMBER OF 2017, I THINK THAT'S THIS MONTH, SAID, IT IS OUR GOAL TO INCREASE RETURN TO SHAREHOLDERS. DO WE HAVE AN EXCESS AMOUNT OF CAPITAL? THE ANSWER IS YES. SO, OUR EXPECTATION SHOULD BE THAT WE WILL CONTINUE TO INCREASE OUR DIVIDEND AND OUR SHARE BUYBACKS NEXT YEAR AND THE YEAR AFTER THAT AND THE YEAR AFTER THAT. ALL RIGHT, MR. SLOAN. YOU CAN THANK THE REPUBLICANS. BECAUSE WHEN YOU BUY BACK YOUR SHARES, WHEN YOU INCREASE YOUR DECIDE -- YOUR DIVIDENDS, GUESS WHAT, THE STOCK PRICE GOES UP AND WE KNOW THAT YOUR COMPENSATION'S BASED ON STOCK PRICE. ARE YOU GOING TO USE THAT EXTRA MONEY FOR LOANS? TO SMALL BUSINESSES? TO FARMERS? NO. YOU'RE NOT. YOU'RE NOT GOING TO MAKE MORE LOANS. THIS IS REPLICATED ACROSS THE AMERICAN CORPORATE CULTURE. THIS IS NOT UNIQUE. THIS NEW AFTER-TAX BONUS THAT THE REPUBLICANS ARE GIVING TO AMERICAN CORPORATIONS IS GOING TO BE USED FOR THE BENEFIT OF THE WEALTHY. SO YOU CAN ADD, IF YOU WOULD, TO THE TAX CUTS THAT ARE COMING AS A RESULT OF THE REDUCTION IN THE TOP INCOME TAX BRACKET FOR INDIVIDUALS. FROM 39.6% TO 37%, YOU CAN ADD TO IT. BY THE WAY, THEIR INVESTMENT PORTFOLIO IS GOING TO GO UP ALSO. THIS TAX PROGRAM IS AN ABOMINATION. AND IT'S GOING TO HURT EVERY AMERICAN OVER TIME. I'M JOINED HERE TONIGHT BY MY COLLEAGUES WHO ARE PROBABLY AS RILED UP ABOUT THIS AS I AM. I'M NOT SURE WHICH ONE OF THEM CAME IN FIRST. OK, PETER. LET ME INTRODUCE TO YOU MY COLLEAGUE FROM THE STATE OF OREGON, PETER DEFAZIO. PETER, YOU HAVE THE FLOOR.

                                      Show Full Text
                                    • 05:40:52 PM

                                      MR. DEFAZIO

                                      THANKS, JOHN, AND THANKS FOR EXPLAINING IN SOME DETAIL WHAT THE IMPACTS OF…

                                      THANKS, JOHN, AND THANKS FOR EXPLAINING IN SOME DETAIL WHAT THE IMPACTS OF THIS LEGISLATION ARE AND WHO'S GOING TO BENEFIT. JOHN IS A MEMBER OF THE INFRASTRUCTURE COMMITTEE ON WHICH I'M THE RANKING MEMBER. AND I JUST WANT TO SAY, WE'VE BEEN WAITING FOR THAT TRILLION-DOLLAR TAX -- TRILLION-DOLLAR TRUMP INFRASTRUCTURE PLAN FOR A YEAR NOW. WHAT WE'RE HEARING IS, WELL, THEY JUST CAN'T AFFORD IT. WE CAN'T AFFORD TO REBUILD AMERICA'S INFRASTRUCTURE. SO LET'S COMPARE THE IMPACT OF A FEW OF THESE TAX CUTS TO WHAT WE COULD HAVE DONE OR COULD DO WITH THAT MONEY. EVERY TAX CUT MEANS THE GOVERNMENT FOREGOS REVENUES. SO LET'S JUST TAKE THE ESTATE TAX. DOUBLING THE EXEMPTION TO AN $11 MILLION OR $22 MILLION ESTATE, THAT COSTS $100 BILLION. IF WE INVESTED THAT $100 BILLION IN INFRASTRUCTURE, WE WOULD CREATE 1.5 MILLION WORKING FAMILY -- FAMILY-WAGE JOBS FOR AMERICANS. 1.5 MILLION JOBS. NOW, I SUPPOSE THOSE PEOPLE WITH THE CUTS AND THE ESTATE TAX, I MEAN, THEY'RE GOING TO TRUCKLE SOMETHING ON WORKING PEOPLE -- TRICKLE SOMETHING ON WORKING PEOPLE. PROBABLY NOT JOBS, THOUGH. THEN LET'S LOOK AT ONE OF MY FAVORITES. THE PASS-THROUGH -- WE'RE GOING TO HELP SMALL BUSINESS. WELL, NO, WE'RE NOT REALLY GOING HELP SMALL BUSINESS. IF YOU WORK IN YOUR SMALL BUSINESS, YOU HAVE A TAX BREAK. IF YOU ARE A PASSIVE INVESTOR IN A SO-CALLED SMALL BUSINESS OR PASS-THROUGH ENTITY, YOU GET A BIG TAX BREAK. NOW, THE PRESIDENT SAYS HE WON'T BENEFIT. HE OWNS 500 PASS-THROUGH BUSINESSES, ACCORDING TO HIS FINANCIAL DISCLOSURE. EACH ONE OF THOSE WILL GIVE HIM A MASSIVE TAX BREAK. THAT LITTLE BEAUTY COST $600 MILLION. NOW, FOR $600 -- $600 BILLION. NOW, FOR $600 BILLION, IF WE INVESTED IT IN INFRASTRUCTURE, WE COULD CREATE NINE MILLION JOBS. THESE PASSIVE INVESTORS IN OIL AND GAS AND REAL ESTATE, HOW MANY JOBS ARE THEY GOING TO CREATE? YEAH, THEY MIGHT HIRE ANOTHER MAN SERVANT OR SOMEONE TO CUT THE LAWN OR SOMEONE TO WAX THE YACHT. BUT IT'S NOT GOING TO BE NINE MILLION JOBS. AND IT ISN'T GOING TO BE A FAMILY WAGES, DAVIS-BACON WAGES, I MIGHT SAY, REALLY GOOD WAGES. AND LET'S JUST LOOK AT ONE OTHER. THE TOP RATE. THAT ONLY GOES TO PEOPLE WHO EARN OVER $500,000 A YEAR. THEY'RE GOING TO GET A SUBSTANTIAL BREAK, ABOUT $130 BILLION IT'S GOING TO COST US TO GIVE A TAX BREAK TO PEOPLE WHO EARN OVER D 500,000 A YEAR. MORE -- $500,000 A YEAR. MORE OF THE TRICKLE CLASS. AND THAT WOULD HAVE CREATED TWO MILLION FAMILY-WAGE JOBS, REBUILDING AMERICA'S INFRASTRUCTURE. AND NOT JUST BENEFITING THE PEOPLE WHO DO THE WORK. AND IT ISN'T JUST CONSTRUCTION. IT'S DESIGN. IT'S ENGINEERING, IT'S SMALL BILLS. AND JUST THINK OF ALL THE BENEFITS -- BUSINESS. AND JUST THINK OF ALL THE BENEFITS OF GOODS AND PEOPLE AND HOW IT MAKES AMERICA MORE COMPETITIVE. WHAT A SAD DAY IT IS WHEN, AS YOU POINTED OUT VERY WELL, WE ARE GIVING THIS MONEY TO, 3/4 OF IT GOES TO CORPORATE TAX BREAKS. 3/4. THE LAST TIME WE GAVE CORPORATIONS A BIG TAX CUT UNDER BUSH, WHEN THEY REPATRIATED ALMOST $1 TRILLION, 93% OF THE MONEY WAS SPENT ON STOCK BUYBACKS, DIVIDENDS AND EXECUTIVE BONUSES. I DON'T KNOW WHAT THEY DID WITH THE OTHER 7%. BECAUSE THOSE SAME CORPORATIONS ACTUALLY REDUCED EMPLOYMENT. SO WHAT A FALSE PROMISE THIS IS. A VERY, VERY SAD DAY. I THANK THE GENTLEMAN FOR BRINGING THIS TO THE ATTENTION OF THE AMERICAN PEOPLE.

                                      Show Full Text
                                    • 05:44:34 PM

                                      MR. GARAMENDI

                                      I THANK THE RANKING MEMBER OF THE TRANSPORTATION AND INFRASTRUCTURE…

                                      I THANK THE RANKING MEMBER OF THE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE FOR MAKING A VERY CLEAR CASE ON HOW WE MIGHT BETTER SPEND OUR MONEY. LET ME INTRODUCE TO THE HOUSE, MY COLLEAGUE FROM THE GREAT STATE OF CALIFORNIA, MY NEIGHBOR, MR. MCNERNEY.

                                      Show Full Text
                                    • 05:44:50 PM

                                      MR. MCNERNEY

                                      I THANK MY NEIGHBOR AND FRIEND, MR. GARAMENDI, FOR HOSTING THIS TONIGHT,…

                                      I THANK MY NEIGHBOR AND FRIEND, MR. GARAMENDI, FOR HOSTING THIS TONIGHT, ALLOWING US TO TALK ABOUT WHAT THIS TAX BILL MEANS. MR. SPEAKER, TODAY IS A SAD DAY IN AMERICA, AS THE HOUSE PASSED AN UNHOLY SCAM OF A TAX BILL. THIS BILL WAS RUSHED THROUGH CONGRESS WITH NO HEARINGS, NO DEMOCRATIC VOTES, NO DEMOCRATIC AMENDMENTS. THIS REPUBLICAN TAX SCAM IS BEING DECEPTIVELY SOLD AS A BENEFIT FOR THE MIDDLE CLASS, BUT THE REAL WINNERS WILL BE THE BIG CORPORATIONS AND THOSE ON THE COVER OF "FORBES" 400 RICHEST AMERICANS. THE REPUBLICAN TAX SCAM WILL INCREASE THE NATIONAL DEBT BY ALMOST $2 TRILLION, BURDENING OUR CHILDREN, WHILE GIVING A CHRISTMAS BONUS TO THE WEALTHIEST AMERICANS. . IT PERMANENTLY LOWERS THE CORPORATE TAX RATE WHILE THE CHILD TAX CREDIT EXPIRES IN 2025. IN OTHER WORDS, BIG CORPORATIONS GET A PERMANENT TAX CUT WHILE THE MIDDLE CLASS RECEIVES A TEMPORARY TAX CUT. THIS TAX SCAM PLACES A CAP ON STATE AND LOCAL TAXES FOR INDIVIDUALS TARGETING PUNISHMENT FOR DEMOCRATIC STATES AND THIS IS A NEW LOW FOR OUR DEMOCRACY. THE REPUBLICAN TAX SCAM ALSO REPEALS THE AFFORDABLE CARE ACT'S INDIVIDUAL MANDATE. THIS WILL CAUSE 13 MILLION AMERICANS TO LOSE THEIR HEALTH INSURANCE. THIS IS SHAMEFUL. TAKING HEALTH CARE AWAY FROM THOSE WHO ELECTED US. EARLIER TODAY, WE HEARD FROM ADA BARKIN WHO WAS RECENTLY DIAGNOSED WITH A.L.S. MANY WILL RECOGNIZE ADA FROM THE VIDEO OF HIM CONFRONTING SENATOR FLAKE ON AN AIRPLANE. ADA SPOKE PASSIONATELY THIS MORNING ABOUT THE DANGERS OF THIS TAX SCAM AND AS HE WAS FINISHING, HE TALKED ABOUT THE OPPORTUNITY THAT WE HAVE TO COME BACK AND DO A REAL TAX REFORM IN 2018 AND DO SO IN A BIPARTISAN WAY. HIS HOPE FOR WHAT A GOOD TAX BILL WILL LOOK LIKE STRUCK ME. HE SAID WE SHOULD COME BACK AND NEGOTIATE A TAX BILL THAT ELEVATES HUMAN DIGNITY INSTEAD OF PROMOTING HUMAN MISERY. THIS REPUBLICAN TAX SCAM WILL HURT MILLIONS OF AMERICANS, MANY WHO ARE ALREADY STRUGGLING. WE NEED A BIPARTISAN SOLUTION TO TAX REFORM, NOT A SCAM THAT WILL BENEFIT THE WEALTHIESTS. MR. SPEAKER, AMERICANS SHOULD HAVE NO DOUBT THIS TAX SCAM WILL HURT THEM AND THE ECONOMY. FORGET ABOUT INVESTING IN INFRASTRUCTURE. FORGET ABOUT INVESTING IN EDUCATION. FORGET ABOUT INVESTING IN RESEARCH, AND YOU BETTER START WORRYING ABOUT MEDICARE AND SOCIAL SECURITY. THIS TAX SCAM WILL MAKE AMERICA A THIRD WORLD NATION. MR. SPEAKER, THIS TAX SCAM IS A DISGRACE. I YIELD BACK.

                                      Show Full Text
                                    • 05:47:47 PM

                                      MR. GARAMENDI

                                      MR. MCNERNEY, THANK YOU SO VERY MUCH. LET ME TURN TO MY FRIEND FROM…

                                      MR. MCNERNEY, THANK YOU SO VERY MUCH. LET ME TURN TO MY FRIEND FROM COLORADO. THE FLOOR IS YOURS.

                                      Show Full Text
                                    • 05:47:55 PM

                                      MR. PERLMUTTER

                                      AND I THANK MY FRIEND, MR. GARAMENDI, FOR ALLOWING ME THE OPPORTUNITY TO…

                                      AND I THANK MY FRIEND, MR. GARAMENDI, FOR ALLOWING ME THE OPPORTUNITY TO SPEAK ABOUT THIS BECAUSE TODAY REALLY YOU HAVE F.D.R. ON THE POSTER, JOHN, AND, YOU KNOW, HE ALSO SAID DECEMBER 7 WAS A DAY THAT WOULD LIVE IN INFAMEY AND THAT IS A DAY THAT WILL -- INFAMY AND THIS IS A DAY THAT WILL LIVE IN INFAMY BECAUSE OF THE TAX BILL THAT WAS PASSED TODAY. I DON'T LIKE TO SPEAK IN THIS HYPER BOWLIC, BUT WHAT WAS PASSED BY THIS REPUBLICAN HOUSE AND SOON BY THE REPUBLICAN SENATE IS SOMETHING NONE OF US HAS EVER SEEN BEFORE. LET'S JUST DO SOME EASY MATH SO THAT PEOPLE UNDERSTAND HOW UNBELIEVABLE THE NUMBERS ARE ON THIS. SO LET'S TAKE SPEAKER RYAN'S NUMBERS. HE SAID AN AVERAGE FAMILY OF FOUR MAKING SOME $60,000 ARE GOING TO SAVE ABOUT $1,183. OK. SO OF THE FOUR THAT'S ABOUT $275 PER PERSON. OK. THAT'S NICE. I LIKE IT. WHAT HE DOESN'T TELL YOU AND WHAT THE REPUBLICANS REFUSE TO TALK ABOUT IS HOW MUCH MONEY'S PUT ON THE CREDIT CARD OF THE NATION FOR THE CURRENT GENERATION AND FUTURE GENERATIONS TO HAVE TO PAY. AT BEST, $1.5 TRILLION. NOW, THAT'S A NUMBER NONE OF US CAN REALLY UNDERSTAND HOW BIG THAT IS. BUT LET'S SAY THERE ARE 300 MILLION AMERICANS. DIVIDE 300 MILLION INTO $1.5 TRILLION, THAT'S $5,000. SO LET'S DO THE MATH. YOU GET TO SAVE $270, BUT YOU PUT $5,000 ON THE CREDIT CARD. WELL, WAIT A SECOND. THAT DOESN'T SEEM QUITE RIGHT. WHERE'S THAT, YOU KNOW, $43 -- $4,700 GO? IT GOES TO THE WEALTHIEST AMONG US. AS A COUNTRY AND AS A NATION AND AS A PEOPLE, WE HAVE AN OBLIGATION TO PAY THIS BACK NOW. AND WHO GETS IT? JUST A VERY SLIM FEW. WE GET $270. BUT WE HAVE A CREDIT CARD OF $5,000. NOW, MR. DEFAZIO TALKED ABOUT SOME OF THE OPPORTUNITY COSTS THAT ARE LOST FROM THIS $1.5 TRILLION. IF THE $1.5 TRILLION WERE OUT THERE TO BENEFIT ALL OF US AND JUST PUT IN INFRASTRUCTURE, WE BASICALLY FIX EVERY ROAD, EVERY WATER WORK, EVERY ELECTRIC GRID ISSUE THAT WE HAVE. WE PUT BROADBAND ALL ACROSS THE COUNTRY AND ALL OF US AS A NATION WOULD BENEFIT AND MAKE THIS COUNTRY COMPETITIVE FOR THE NEXT 50 YEARS. INSTEAD, WE SAY, YOU KNOW, WE DON'T NEED THAT MONEY. LET'S JUST GIVE IT BACK TO THE WEALTHIEST PEOPLE IN AMERICA. WRONG. TERRIBLE. I SERVE ON THE SCIENCE COMMITTEE. SO WE DID SOME NUMBERS IN THE SCIENCE COMMITTEE. THE ENTIRE BUDGET FOR SOLAR ENERGY, FOR OUR LABORATORIES IN ANY GIVEN YEAR IS ABOUT $207 MILLION. AND WE WERE HAVING THIS TESTIMONY. THE REPUBLICANS WERE PICKING ON THE MANAGERS OF THE SOLAR COMMITTEE OR THE SOLAR BUDGET LINE AND SAID YOU REALLY GOT TO SHRINK THIS. THIS IS COSTING TOO MUCH MONEY. WELL, DO YOU KNOW HOW MUCH TIMINGS $207 MILLION GOES INTO $1.5 TRILLION? DO YOU KNOW HOW MANY YEARS WORTH OF BUDGETS THAT IS? 7,480 YEARS WORTH OF SOLAR ENERGY BUDGETS. OK. I'VE REALLY BEEN WORKING ON GETTING OUR ASTRONAUTS TO MARS. WE'VE BEEN ADVISED THAT'S GOING TO COST ABOUT $200 BILLION OVER THE COURSE OF THE NEXT 16 YEARS TO 2033 WHICH IS WHEN THE ORBITS OF MARS AND THE EARTH COME CLOSE TOGETHER, SAVES US A LOT OF SPACE TIME, TRAVEL TIME AND IS SAFER FOR OUR ASTRONAUTS. $200 BILLION. WE COULD SEND OUR ASTRONAUTS TO MARS AND BACK STARTING FROM SCRATCH EACH TIME EIGHT TIMES FOR THIS TAX CUT THAT ARE GOING TO BE RECEIVED BY THE RICH. IT'S NOT RIGHT. IT'S NOT AMERICAN. IT IS THE OPPOSITE OF WHAT F.D.R. SAID WHEN THE TEST OF OUR PROGRESS IS NOT WHETHER WE ADD MORE TO THE ABUNDANCE OF THOSE WHO HAVE MUCH. IT IS WHETHER WE PROVIDE ENOUGH FOR THOSE WHO HAVE TOO LITTLE. AND THERE'S BEEN SOME TALK ABOUT HOW REAL ESTATE DEVELOPERS AND OTHERS ARE REALLY GOING TO BENEFIT BY THIS TAX CUT WHICH REALLY NOBODY'S SEEN UNTIL THE LAST DAY OR TWO, AND THIS IS A GIANT PIECE OF LEGISLATION. SO, YOU KNOW, ONE OF THE THINGS THE DEMOCRATS HAVE ASKED FOR FOR A YEAR NOW, WE WANT TO SEE THE PRESIDENT'S TAX RETURNS. HE'S REFUSED TO DISCLOSE HIS TAX RETURNS. SO WE KNOW HE WAS A REAL ESTATE DEVELOPER. WE KNOW HE'S A VERY WEALTHY GUY. AND WE KNOW HE'S GOING TO BENEFIT IN A LARGE WAY OR HE MIGHT SAY IN A HUGE WAY BY THIS TAX CUT. WE DON'T KNOW HOW MUCH IT'S GOING TO BE BECAUSE HE'LL NEVER DISCLOSE HIS TAX RETURNS, AND WE'RE BARELY -- THE INK IS JUST BARELY DRY AS TO HOW THIS IS ALL GOING TO WORK OUT. THIS REALLY IS A SHAME WHAT HAS TRANSPIRED TODAY, AND I REALLY AM DISAPPOINTED IN MY REPUBLICAN COLLEAGUES IN HOW THIS MATTER HAS BEEN RUSHED THROUGH. AND WITH THAT I'D YIELD BACK TO MY FRIEND FROM CALIFORNIA.

                                      Show Full Text
                                    • 05:53:54 PM

                                      MR. GARAMENDI

                                      MY FRIEND FROM COLORADO, THANK YOU SO VERY MUCH. YOUR FINAL SENTENCE WAS…

                                      MY FRIEND FROM COLORADO, THANK YOU SO VERY MUCH. YOUR FINAL SENTENCE WAS RUSHED THROUGH. THERE HAS NOT BEEN ONE SUBSTANTIVE HEARING IN EITHER HOUSE. THERE'S BEEN A MARKUP HEARING BUT THAT'S NOT A SUBSTANTIVE HEARING. NO DEMOCRATIC AMENDMENTS HAVE BEEN ACCEPTED. NOT ONE ECONOMIST HAS BEEN CALLED TO TESTIFY. NOT ONE ACCOUNTANT, NOT ONE TAX LAWYER, NO HEARINGS WHATSOEVER. WITH THAT, MR. CICILLINE FROM THE GREAT STATE OF RHODE ISLAND, MAY WANT TO JOIN IN HERE AND SHARE WITH US HIS PERSPECTIVE. AND MY FRIEND FROM COLORADO, THANK YOU SO VERY MUCH FOR JOINING US.

                                      Show Full Text
                                    • 05:54:36 PM

                                      MR. CICILLINE

                                      I THANK THE GENTLEMAN FROM CALIFORNIA. I'D LIKE TO BEGIN BY JUST THANKING…

                                      I THANK THE GENTLEMAN FROM CALIFORNIA. I'D LIKE TO BEGIN BY JUST THANKING YOU, MR. GARAMENDI, FOR YOUR RELENTLESS AND PASSIONATE VOICE ON BEHALF OF WORKING PEOPLE, NOT ONLY OF CALIFORNIA, BUT OF THIS COUNTRY, AND THAT YOU COME TO THE FLOOR REGULARLY AND ORGANIZE THESE SPECIAL ORDER HOURS TO HELP BRING ATTENTION TO THESE VERY IMPORTANT ISSUES AND I REALLY WANT TO THANK YOU FOR THE OPPORTUNITY TO BE PART OF IT. AND I WANT TO JUST BEGIN WHERE YOU LEFT OFF AND THAT IS THE PROCESS. YOU KNOW, WE JUST LEARNED TODAY THE BILL, THE TAX SCAM THAT THE REPUBLICANS JAMMED THROUGH THE HOUSE, HAS COME BACK FOR ANOTHER VOTE BECAUSE THEY MADE SOME MISTAKES AND DIDN'T COMPLY WITH SOME SENATE RULES. THIS IS WHAT HAPPENS WHEN YOU DON'T HAVE HEARINGS, YOU DON'T HAVE THOUGHTFUL DELIBERATION, YOU DON'T HAVE -- LISTEN TO WITNESSES WHO CAN IDENTIFY PROBLEMS WITH THE BILL. AND INSTEAD YOU JUST BRING IT TO THE FLOOR.

                                      Show Full Text
                                    • 05:55:29 PM

                                      MR. GARAMENDI

                                      EXCUSE ME, MR. CICILLINE. DID I HEAR YOU CORRECTLY THAT THE ACTION THAT…

                                      EXCUSE ME, MR. CICILLINE. DID I HEAR YOU CORRECTLY THAT THE ACTION THAT WAS TAKEN HERE ON THE FLOOR IS NOT DEPOSITORY BUT HAS TO BE MODIFIED IN THE SENATE AND BROUGHT BACK BECAUSE THEY SCREWED UP?

                                      Show Full Text
                                    • 05:55:44 PM

                                      MR. CICILLINE

                                      YES. THE BILL WILL COME BACK SO HOPEFULLY THE AMERICAN PEOPLE WILL MAKE…

                                      YES. THE BILL WILL COME BACK SO HOPEFULLY THE AMERICAN PEOPLE WILL MAKE CERTAIN THEIR VOICES ARE HEARD BUT THIS IS NOT THE WAY DO YOU A COMPLICATED PIECE OF LEGISLATION. THE LAST TIME THERE WAS TAX REFORM THERE WERE 400 WITNESSES, HEARINGS MONTHS AFTER MONTHS BECAUSE IT'S COMPLICATED. MAKE SURE IT WORKS RIGHT. YOU'RE TALKING ABOUT THE AMERICAN ECONOMY. NONE OF THAT HAPPENED HERE. THIS WAS WRITTEN IN THE DARK OF NIGHT. SOME OUR REPUBLICAN COLLEAGUES DIDN'T EVEN SEE THE TEXT UNTIL IT CAME ALMOST TIME FOR -- THIS IS NOT A WAY TO DO LEGISLATION. AND IT'S ONE OF THE REASONS THAT EXCLUDING THE DEMOCRATS FROM CONTRIBUTING TO THIS PROCESS WAS A TERRIBLE, TERRIBLE MISTAKE. WHAT'S THE RESULT? LOOK, WE END UP WITH A BILL WHICH DOES EXACTLY THE OPPOSITE OF WHAT IT SAYS IT WOULD DO. THIS IS A JOB-KILLING BILL. THERE'S NO MORE URGENT PRIORITY THAT ALL OF US TO CREATE GOOD-PAYING JOBS, FAMILY-SUPPORTING JOBS, AND WE, DEMOCRATS, HAVE LAUNCHED A VERY BOLD ECONOMIC AGENDA THAT FOCUSES ON BETTER JOBS, BETTER WAGES FOR A BETTER FUTURE. AMERICANS, MILLIONS OF AMERICANS WILL GO TO BED TONIGHT AND LIE AWAKE WORRIED ABOUT WHETHER OR NOT THEY HAVE ENOUGH MONEY TO PAY THEIR BILLS, WHETHER THEY CAN PUT ASIDE SOME SAVINGS FOR THEIR RETIREMENT, WHETHER THEY CAN SEND THEIR KIDS TO SCHOOL. IN ALL OF THOSE ANXIETIES COME FROM THE FACT THEY ARE NOT MAKING ENOUGH MONEY TO MAKE ENDS MEET. THEY HAVE NOT SEEN AN INCREASE IN THEIR INCOME IN A VERY LONG TIME. WHAT THIS TAX BILL DOES IS MAKE THOSE PROBLEMS WORSE. THIS WILL RAISE TAXES ON 86 MILLION MIDDLE-CLASS FAMILIES IN THIS COUNTRY. THEY CALL IT A TAX CUT. FOR THOSE 86 MILLION FAMILIES, IT'S A TAX INCREASE. IN FACT, 83% OF THE TAX CUTS GO TO THE TOP 1%, THE VERY RICHEST PEOPLE IN THIS COUNTRY AND THE BIGGEST CORPORATIONS. IT ALSO MAKES MORE GENEROUS TAX PROVISIONS THAT INCENTIVIZE COMPANIES TO SHIP AMERICAN JOBS OVERSEAS. THIS IS NOT A JOB CREATOR. THIS IS A JOB KILLER. THIS IDEA THAT WE JUST LET THE PEOPLE AT THE VERY TOP HOLD ONTO ALL OF THEIR MONEY IT WILL TRICKLE DOWN TO THE REST OF US. WE KNOW THAT DOESN'T WORK. THEY TRIED THAT DURING THE BUSH ADMINISTRATION. WE HAD THE WORSE JOB LOSS IN A GENERATION. IT DOESN'T WORK BECAUSE WE ALL KNOW THE WAY YOU ACTUALLY CREATE JOBS IS YOU GROW THE MIDDLE CLASS. YOU MAKE SURE FOLKS HAVE A GOOD-PAYING JOB, HAVE MORE MONEY IN THEIR POCKETS TO BUY THE GOODS AND SERVICES BUSINESS PRODUCES. YOU GO TO ANY SMALL BUSINESS IN MY STATE OF RHODE ISLAND, I'M SURE IT'S IN THE SAME IN THE STATE OF CALIFORNIA, YOU ASK A BUSINESS OWNER, WHAT DO YOU NEED TO ADD A JOB, INCREASE THE NUMBER OF PEOPLE TO WORK IN YOUR BUSINESS? I NEED CUSTOMERS. I NEED PEOPLE TO BUY WHAT I MAKE AND I SELL. THAT'S WHY STRENGTHENING THE MIDDLE CLASS, RAISING THE INCOMES OF FOLKS WORKING IN THIS COUNTRY IS THE WAY YOU ACTUALLY GROW THE ECONOMY. THIS DOES JUST THE OPPOSITE. I HAVE TO TELL YOU, MR. GARAMENDI, I WAS SICKENED WHEN THIS BILL PASSED THE FLOOR A FEW MOMENTS AGO AND I SAW REPUBLICAN COLLEAGUES CHEERING AND HOOTING AND HOLLERING LIKE THEY WERE AT A BALLGAME. THEY PUT POINTS ON THE BOARD. THEY DIDN'T PUT POINTS ON THE BOARD FOR THE AMERICAN PEOPLE. WE'RE GOING TO KEEP FIGHTING FOR A TAX REFORM BILL THAT ACTUALLY PROVIDES CUTS TO MIDDLE-CLASS FAMILIES THAT WILL HELP PROMOTE ECONOMIC GROWTH, CREATE GOOD-PAYING JOBS. WE THINK THE TAX CODE IS BROKEN. WE WERE ALWAYS WILLING TO WORK IN A BIPARTISAN WAY TO MAKE THE TAX CODE MORE SIMPLER, WORK FOR THE AMERICAN PEOPLE. THAT'S -- SIMPLER, WORK FOR THE AMERICAN PEOPLE. SOME SAID IF WE DON'T PASS THE TAX CUT, DON'T CALL US ANYMORE. I MEAN, THEY ACTUALLY SAID THAT OUT LOUD. THAT'S NOT HOW YOU WRITE LEGISLATION. DON'T FORGET WHO SENT YOU HERE. SO THANK YOU FOR GIVING ME AN OPPORTUNITY TO CONTRIBUTE TO THE CONVERSATION TONIGHT. THIS IS A BILL WHICH WILL HURT RHODE ISLAND, IT WILL HURT THIS COUNTRY, IT WILL HURT OUR ECONOMY. AND FINALLY, MR. GARAMENDI, I JUST WANT TO SAY IT ALSO WILL RESULT IN THE GUTTING OF MEDICARE AND MEDICAID. YOU KNOW, EVERYONE FORGETS THIS CREATES A $1.5 TRILLION DEBT WHICH BY OUR RULES IS GOING TO RESULT IN AUTOMATIC CUTS TO MEDICARE, MEDICAID, STUDENT LOAN PROGRAMS, BLOCK GRANTS, VOCATIONAL, YOU GO ON AND ON. THEY GIVE AWAY $1.5 TRILLION. HE -- THEY BORROW. AND NEXT YEAR THEY SAY WE DON'T HAVE MONEY. WE HAVE TO CUT MEDICARE AND MEDICAID AND SOCIAL SECURITY AND CUT PELL GRANTS AND NOT REBUILD THE INFRASTRUCTURE OF OUR COUNTRY. OUR REPUBLICAN COLLEAGUES HAVE SAID THIS IS PART ONE. PART TWO WILL BE THESE CUTS, AND SO THE AMERICAN PEOPLE KNOW THIS WHICH IS WHY THIS BILL IS OVERWHELMINGLY UNPOPULAR WITH THE AMERICAN PEOPLE. THEY SEE WHAT THE REPUBLICANS ARE UP TO. THEY'RE INSULTING THE AMERICAN PEOPLE. THEY THINK THEY HAVEN'T FIGURED THIS OUT. YOU KNOW, DANGLE A LITTLE COUPLE DOLLARS IN FRONT OF THEM BUT THEN WHACK THEM WITH HUGE CUTS NEXT YEAR. THE AMERICAN PEOPLE ARE SMARTER THAN THIS. THE REPUBLICANS ARE GOING TO BE HELD ACCOUNTABLE. WE HAVE TO FIGHT WITH EVERY FIBER IN OUR BODY TO STOP THIS BECAUSE IT'S GOING TO HURT PEOPLE. I THANK YOU FOR GIVING ME THE OPPORTUNITY TO SPEAK TONIGHT.

                                      Show Full Text
                                    • 06:00:50 PM

                                      MR. GARAMENDI

                                      I THANK YOU, MR. CICILLINE, AND THANK YOU FOR BRINGING TO OUR ATTENTION…

                                      I THANK YOU, MR. CICILLINE, AND THANK YOU FOR BRINGING TO OUR ATTENTION SOME KEY ELEMENTS HERE. THE DEFICIT ISSUE WHICH WE WILL DISCUSS A LITTLE LONGER TODAY. ALSO THE ISSUE OF REALLY GROWING AMERICAN JOBS, GROWING WAGES, GROWING THE FUTURE, AND CREATING A BETTER FUTURE FOR AMERICAN WORKERS. I KNOW THAT'S BEEN YOUR PASSION, YOUR WORK. . WE'LL GO THROUGH ALL THOSE THINGS IN THE DAYS AHEAD. THIS BILL MAY WELL BECOME LAW BUT I SURELY WOULD LIKE TO SEE WHAT THE PRESIDENT IS GOING TO DO WITH THIS. I SUSPECT THE PASS-THROUGH BUSINESS IN WHICH HE HAS 500 PASS-THROUGH CORPORATIONS, HE'S NOT AN ACTIVE INVESTOR, HE'LL MAKE OUT VERY, VERY WELL. AND THE WORKING MEN AND WOMEN, THE MIDDLE CLASS, THEY'RE GOING TO LOSE. THIS IS THE DISTRIBUTION TABLES FROM THE JOINT COMMITTEE ON TAXATION, DECEMBER 18, 2017. INCOME CATEGORY, DISTRIBUTION OF INDIVIDUAL INCOME TAX SIDE OF THE PROPOSAL. 2019 SMALL $127 MILLION REDUCTION FOR EVERYBODY MAKING LESS THAN $10,000. IN 2021, THEY'RE ACTUALLY PAYING HIGHER TAXES. SO AT THE VERY, VERY BOTTOM, IN JUST THREE YEARS THEY'RE GOING TO PAY HIGHER TAXES. I NOTICED THAT MY FRIEND FROM NORTH CAROLINA HAS JOINED US. DAVID, THANK YOU SO VERY MUCH FOR JOINING US. I KNOW YOU HAVE A FEW THINGS ON YOUR MIND, AS DO MR. CICILLINE AND I, PLEASE, SHARE WITH US YOUR VIEWS ON WHAT'S HAPPENED TODAY AND WHERE WE'RE GOING.

                                      Show Full Text
                                    • 06:02:30 PM

                                      >>

                                      I THANK MY COLLEAGUE, MR. SPEAKER, I'M GRATEFUL MR. GARAMENDI HAS TAKEN…

                                      I THANK MY COLLEAGUE, MR. SPEAKER, I'M GRATEFUL MR. GARAMENDI HAS TAKEN OUT THIS SPECIAL ORDER AND SO MANY COLLEAGUES HAVE COME BY TO EXPRESS THEIR VIEWS ON THIS TRAVESTY OF A TAX BILL THAT WAS PASSED BY THE HOUSE TODAY AND THAT APPEARS TO BE ON ITS WAY TO THE PRESIDENT'S DESK.

                                      Show Full Text
                                    • 06:02:48 PM

                                      MR. PRICE

                                      YOU KNOW, SPEAKING OF THE PRESIDENT AND HOW MUCH HE'LL BENEFIT FROM THAT,…

                                      YOU KNOW, SPEAKING OF THE PRESIDENT AND HOW MUCH HE'LL BENEFIT FROM THAT, I'M SURE MY COLLEAGUES HEARD THE SAYING THAT HE CAMPAIGNED LIKE A POPULIST AND IS GOVERNING LIKE A POLLUTE CONTRACT. THIS BILL -- LIKE A PLUTOCRAT. WOULDN'T YOU SAY THIS BILL IS EXHIBIT A TO THAT?

                                      Show Full Text
                                    • 06:03:12 PM

                                      MR. GARAMENDI

                                      OLIGARCH SOCIETY WHERE CERTAIN PEOPLE D REALLY, REALLY WELL. WE'RE NOT…

                                      OLIGARCH SOCIETY WHERE CERTAIN PEOPLE D REALLY, REALLY WELL. WE'RE NOT TALKING ABOUT THE RUSSIAN THING HERE TODAY BUT IT MAKES ME THINK, WHY ARE THEY WORKING SO HARD TO END THE MUELLER INVESTIGATION. BUT THAT'S ANOTHER SUBJECT FOR ANOTHER DAY.

                                      Show Full Text
                                    • 06:03:33 PM

                                      MR. PRICE

                                      IT IS INDEED BUT THE RUSSIAN ROLE MODEL SEEMS ALIVE AND WELL IN THIS, AS…

                                      IT IS INDEED BUT THE RUSSIAN ROLE MODEL SEEMS ALIVE AND WELL IN THIS, AS WE LOOK AT THE KIND OF DEVELOPMENT OF THE AMERICAN ECONOMY AND WHERE WE MAY BE GOING. OUR REPUBLICAN FRIENDS I'M SURE MY COLLEAGUE WILL AGREE, OUR REPUBLICAN FRIENDS KNOW THIS IS A VERY, VERY UNPOPULAR PIECE OF LEGISLATION. IT'S STRIKING, ISN'T IT, THEY DECIDED THEY WERE GOING TO GO INTO THE HOLE $1.5 TRILLION, FORGET ABOUT REVENUE NEUTRALITY, THEY'RE GOING TO GO INTO THE HOLE, BAR $1.5 TRILLION, AND EVEN WITH THAT, THEY'VE NOT BEEN ABLE TO WRITE A BILL THAT MOST OF THE AMERICAN PEOPLE FEEL THEY'LL BENEFIT FRFMENT IT'S EXTRAORDINARY. THE FACT IS, MOST OF THE AMERICAN PEOPLE WON'T BENEFIT FROM THIS BILL. I THINK THEY'RE ONTO THAT THE LATEST POLLING SHOWS AMERICANS OPPOSE THIS BILL BY A MARGIN OF 2-1. THAT'S BEFORE THEY'VE EVEN FELT THE EFFECTS OF THIS BILL. I THINK REPUBLICANS KNOW THAT THIS OPPOSITION IS ONLY GOING TO GET STRONGER. THE MORE PEOPLE FIGURE OUT WHAT'S IN THIS BILL. THAT MAY BE WHY THEY HAVE RUSHED THIS THING TO PASSAGE IN THE MOST CHAOTIC LEGISLATIVE PROCESS I CAN EVER REMEMBER. THEY REACHED THOUSANDS OF -- RELEASED THOUSANDS OF PAGES OF TEXT ON THIS BILL LAST FRIDAY, EXPECTED TO VOTE ON IT TODAY, OF COURSE. MAYBE THAT'S THE REASON THEY HELD NO HEARINGS. THE LESS PEOPLE KNOW, THE BETTER. MAYBE THAT'S WHY WE'VE HAD ALMOST NO DEBATE. MAYBE IT'S WHY THEY WON'T EVEN ALLOW FAR COMPLETE SCORING OF THE BILL. BY THE JOINT COMMITTEE ON TAXATION OR THE CONGRESSIONAL BUDGET OFFICE. MAYBE THAT DESIRE TO COVER UP THE CONSEQUENCES OF THIS IS THE REASON THEY'VE ADDED THESE QUESTIONABLE PROVISIONS TO PROVIDE A FIG LEAF OF COVERAGE FOR HESITANT MEMBERS, SKITTISH MEMBERS WHO WANT TO BE ABLE TO EXPLAIN THIS VOTE BACK HOME. MR. SPEAKER, I'VE HEARD FOR YEARS REPUBLICAN COLLEAGUES DECRY FISCAL IRRESPONSIBILITY. A LACK OF REGULAR ORDER IN THESE CHAMBERS. A LACK OF ORDERLY, RESPONSIBLE PROCEDURES. THEY'VE TALKED ABOUT TAX REFORM THAT SIMPLIFIES THE TAX CODE. THAT BENEFITS HARDWORKING FAMILIES. WELL, WHAT WE'VE SEEN TODAY AND WHAT WE'VE SEEN IN RECENT DAYS AS THIS BILL CAME TO THE FLOOR IS JUST A TOTAL CONTRADICTION OF ALL THAT THEY'VE PROFESSED TO STAND FOR ALL THESE YEARS. THESE WORDS ARE NOTHING BUT LIP SERVICE AND FALSE PROMISES. THEY'VE SLOPPILY DRAFTED THIS BILL BEHIND CLOSED DOORS, THEY PLAN TO RAISE TAXES ON 86 MILLION MIDDLE CLASS FAMILIES. THEY PLAN TO ADD $1.5 TRILLION TO THE NATIONAL DEBT. DESPITE CLAIMS THAT THIS BILL WILL BENEFIT THE MIDDLE CLASS, 83% OF THE TAX CUTS GO TO THE WEALTHIEST 1% OF AMERICANS. AND THEY'VE ALSO TAKEN AIM AT A HEALTH CARE AS IF THE TAX TRAVESTIES WEREN'T ENOUGH. BY ELIMINATING THE SO-CALLED INDIVIDUAL MANDATE, THE G.O.P. TAX SCAM WILL EXPLODE PREMIUMS, IT'LL ADD $13 -- IT'LL ADD 13 MILLION AMERICANS TO THE RANKS OF THE UNINSURED. THE BILL IS A WINDFALL FOR LARGE CORPORATIONS WHO WANT TO SHIP AMERICAN JOBS OVERSEAS. THEY WANT TO CUT STAFF AND DRIVE DOWN WAGES AND SALARY, BILL WILL FACILITATE THIS. THE REPUBLICAN TAX SCAM ASKS HARD WORKING FAMILIES AND FUTURE GENERATIONS OF AMERICANS TO FOOT THE BILL FOR HUGE TAX CUTS FOR CORPORATIONS AND FOR THE WEALTHIEST. AND WE HAVEN'T SEEN THE END OF IT YET YOU KNOW WHAT'S COMING NEXT? YOU CAN BET THAT ONCE THIS BILL PASSES, REPUBLICANS ARE GOING TO PIVOT, THEY'RE GOING TO PIVOT IN A HEART BEAT. TO POSE AS THE GUARDIANS OF FISCAL RECTITUDE. HAVING ABANDONED ANY PRETENSE OF REVENUE NEUTRALITY TO IN THIS BILL AND HAVING ADDED $1.5 TRILLION TO THE NATIONAL DEBT AND HAVING TRIGGERED A $1.5 BILLION MEDICARE SEQUESTER CUT, THEY'RE ALL OF A SUDDEN GOING TO SOUND THE ALARM. POOR US. WE'RE BROKE. OUR COUNTRY IS BROKE. WE'VE GOT TO SQUEEZE MEDICAID NOW. WE'VE GOT TO SQUEEZE MEDICARE. WE'VE GOT TO SQUEEZE SOCIAL SECURITY. WE'VE GOT TO SQUEEZE INVESTMENTS IN TRANSPORTATION, HOUSE, EDUCATION AND RESEARCH. YOU CAN SEE IT COMING. WE'VE SEEN THIS BAD REPUBLICAN MOVIE BEFORE. ALTHOUGH NEVER ON SUCH AN EPIC SCALE.

                                      Show Full Text
                                    • 06:08:16 PM

                                      MR. GARAMENDI

                                      MAY I INTERRUPT FOR A MOMENT?

                                    • 06:08:18 PM

                                      MR. PRICE

                                      ABSOLUTELY.

                                    • 06:08:20 PM

                                      MR. GARAMENDI

                                      WE DON'T NEED TO GUESS WHAT THEY'RE GOING TO DO. THE SPEAKER OF THE HOUSE…

                                      WE DON'T NEED TO GUESS WHAT THEY'RE GOING TO DO. THE SPEAKER OF THE HOUSE OF REPRESENTATIVES, MR. RYAN, HAS SAID VERY CLEARLY THAT NEXT YEAR WILL BE STEP TWO. THEY WILL TAKE ON WHAT HE CALLS THE SOCIAL SAFETY NET. SOCIAL SECURITY, MEDICARE, MEDICAID, FOOD STAMPS. THAT'S WHERE THE CUTS ARE GOING TO COME. THANK YOU FOR ALLOWING ME TO INTERRUPT YOU FOR A MOMENT BUT THIS IS NOT OUR WORDS. THESE ARE THE WORDS OF THE LEADERSHIP OF THIS HOUSE OF REPRESENTATIVES. THE WORDS OF THE SPEAKER.

                                      Show Full Text
                                    • 06:08:54 PM

                                      MR. PRICE

                                      THE GENTLEMAN IS ABSOLUTELY RIGHT. THIS HAS BEEN IN REPUBLICAN BUDGETS…

                                      THE GENTLEMAN IS ABSOLUTELY RIGHT. THIS HAS BEEN IN REPUBLICAN BUDGETS FOREVER. THIS WAR ON THE KIND OF SAFETY NET PROVISIONS THAT SO MANY OF OUR FELLOW CITIZENS DEPEND ON. FISCAL RECTITUDE INDEED. THEY'RE WILLING TO GO $1.5 TRILLION IN THE HOLE, WILLING TO BORROW THAT MONEY, TO TAKE THE NABBLE DEBT TO DANGEROUS LEVELS, BUT IT'S A MATTER OF BEING ABLE THEN TO SAY, POOR US. OUR COUNTRY IS BROKE, WE CANNOT AFFORD TO INVEST IN OUR PEOPLE, WE CAN'T AFFORD TO BUILD OUR INFRASTRUCTURE, WE CAN'T EVEN AFFORD TO LEE INTACT THE SAFETY NET THAT PEOPLE HAVE SPENT THEIR LIVES DEPENDING ON. IT IS A TRAVESTY. SO THIS TAX BILL IS NOT JUST ABOUT TAXES. IT'S ABOUT KEEPING FAITH WITH THE AMERICAN PEOPLE. AND THAT FAITH THIS VERY DAY, HAVE BEEN BROKEN BY THE REPUBLICAN PARTY. THEY DID HAVE AN OPPORTUNITY, WE SHOULD SAY THIS, THEY HAD AN OPPORTUNITY TO DO THIS THE RIGHT WAY. THIS WASN'T INEVITABLE. THIS WASN'T WRITTEN IN STONE. THEY COULD HAVE WORKED WITH DEMOCRATS IN CONGRESS IN A BIPARTISAN WAY TO FIGURE OUT HOW TO GROW THE ECONOMY, HOW TO SIMPLIFY OUR TAX CODE. REMEMBER THAT? SIMPLIFY THE TAX CODE, FILE IT ON A POSTCARD THIS BILL MAKES THE TAX CODE FAR, FAR MORE COMPLICATED. IT'S A DREAM BILL FOR TAX LAWYERS AND ACCOUNTANTS. SO NO MORE SIMPLIFICATION, THAT'S BEEN FORGOTTEN. THEY WERE GOING TO LOWER THE TAX BURDEN FOR MIDDLE CLASS FAMILY, WE COULD HAVE FIGURED OUT HOW TO DO THAT WITHOUT EXPLODING THE DEBT. THERE ARE MANY, MANY THINGS WE COULD HAVE ACHIEVED TOGETHER. WE HAVE HERE A ONCE IN A DECADE OPPORTUNITY AND THEY HAVE BLOWN IT. THEY HAVE SQUANDERED IT. THAT'S THE SOURCE -- THAT'S A SOURCE OF GREAT REGRET. IN FACT, THE REPUBLICANS HAVE JEOPARDIZED OUR ECONOMIC FUTURE TO GIVE TAX CUTS TAILOR MADE FOR CORPORATE LOBBYISTS AND AS THEY HAVE ACTUALLY SAID, TO MAKE THEIR DONORS HAPPY. TO MAKE THEIR DONORS HAPPY. SO WE HOPE AGAINST HOPE THAT THE SENATE MIGHT YET DO THE RIGHT THING AND WHEN THEY HAVE TO CLEAN UP THIS BILL TO BRING IT BACK TO THE HOUSE FOR YET ANOTHER VOTE THAT OUR HOUSE COLLEAGUES, IT WAS A NARROW VOTE, IT'S A NARROW VOTE. IT WOULD BE WONDERFUL TO TURN IT AROUND. BUT WE CERTAINLY NEED TO MAKE SURE THAT THERE'S NO MISTAKE HOW THIS HAS HAPPENED, WHAT HAS HAPPENED AND WE MUST START THIS VERY DAY TO FIGURE OUT HOW TO MAKE OUR ECONOMY AND OUR COUNTRY WHOLE AND TO MAKE THEM WORK FOR ALL OF OUR PEOPLE. I THINK THE -- I THANK THE GENTLEMAN. THIS IS VERY USEFUL TO BE ABLE TO HAVE THIS KIND OF EXTENDED DISCUSSION AND EVEN THOUGH THE SUBJECT MATTER IS NOT HAPPY, WE HAVE HAD A VERY BAD DAY HERE IN THE HOUSE OF REPRESENTATIVES, IT'S IMPORTANT FOR US TO PICK UP AND MOVE AHEAD, REALIZE THE TASK THAT LIES AHEAD.

                                      Show Full Text
                                    • 06:12:03 PM

                                      MR. GARAMENDI

                                      MR. PRICE FROM NORTH CAROLINA, THANK YOU SO VERY MUCH. YOUR THOUGHTFUL…

                                      MR. PRICE FROM NORTH CAROLINA, THANK YOU SO VERY MUCH. YOUR THOUGHTFUL DISCUSSION OF THIS IS MUCH APPRECIATED. YOU MENTIONED THE DEFICIT ISSUE. $1.5 TRILLION DOES NOT INCLUDE THE INTEREST ON THE $.5 TRILLION.

                                      Show Full Text
                                    • 06:12:19 PM

                                      MR. PRICE

                                      THAT'S RIGHT.

                                    • 06:12:22 PM

                                      MR. GARAMENDI

                                      IF YOU ADD THE INTEREST, IT WOULD BE OVER $2 BILLION, $2.3 BILLION THIS…

                                      IF YOU ADD THE INTEREST, IT WOULD BE OVER $2 BILLION, $2.3 BILLION THIS WILL COST. THE ACTUAL REDUCTION IN REVENUES $1.5 TRILLION, INTEREST ON TOP OF THAT, ANOTHER $600 OR SO. SO WE'RE LOOKING AT SOMETHING REALLY SERIOUS HERE. I'D LIKE TO GO THROUGH SOME OF THE NUMBERS. WE LOOKED AT THIS. THIS IS NOT SOMETHING THAT'S OFF 10 YEARS FROM NOW. THIS IS NOW. IN 2019, THE STRUCTURAL DEFICIT THAT IS ALREADY IN PLACE WITHOUT EVEN TALKING ABOUT THIS ADDITIONAL BURDEN OF INCREASED DEFICIT, THE UNDERLYING STRUCTURAL DEFICIT IN 2019 IS RIGHT AROUND $600 BILLION. THIS TAX BILL WILL ADD SOMEWHERE UNDER $3 BILLION -- $250 BILLION TO $300 BILLION OF ADDITIONAL DEBT IN 2019. IS WE'RE GOING TO GET VERY CLOSE TO $1 TRILLION OF DEFICIT IN 2019. AND BY THE WAY, THE MILITARY BUDGET IS INCREASED BY ABOUT, I THINK IT'S OVER $50 BILLION. THAT'S NOT PAID FOR. THAT'S ADDITIONAL DEBT AND THAT'S GOING TO BE HERE ON THE FLOOR TOMORROW OR THE NEXT DAY AND IN ADDITION TO THAT, THERE IS THIS ONGOING EFFORT TO DEAL WITH HURRICANES AND FIRES AND SO FORTH. THAT'S ANOTHER $120 BILLION THAT'S NOT PAID FOR. SO IF YOU TAKE $120 BILLION, $50 BILLION AND THE $250 BILLION TO $300 BILLION IN THE TAX BILL, AND YOU ADD THAT TO THE 600 THAT EXISTS TO BEGIN WITH, IN 2019 IT'LL BE OVER $1 TRILLION OF NEW DEBT AND I WILL GUARANTEE THAT THE EXODUS, THE MIGRATION OF THE DEFICIT HAWKS FROM WASHINGTON, D.C. DURING DECEMBER OF 2017 WILL REVERSE IN THE WARMER WEATHER COMING BACK NEXT YEAR AND THESE DEFICIT HAWKS WILL COME BACK. THEY WILL COME BACK TO CONGRESS AND THEY WILL GO RIGHT AFTER THE PROGRAMS THAT F.D.R. TALKED ABOUT. THOSE WHO HAVE THE LEAST. OUR COLLEAGUES, MR. DEFAZIO, FROM THE INFRASTRUCTURE COMMITTEE, TALKED ABOUT WHAT WE COULD DO IF WE HAD THE MONEY IN INFRASTRUCTURE, IF WE HAD THAT BILLION DOLLARS, 15,000 PEOPLE WOULD BE EMPLOYED. BUT WE WON'T. WE WON'T HAVE AN INFRASTRUCTURE PROGRAM. AND THEY'LL BE BACK HERE, THEY'LL BE BACK HERE TO MAKE CUTS IN THE SOCIAL SAFETY NET, AS THE SPEAKER ALREADY SAID HE INTENDS TO DO. MEDICAID. $800 TO WE THINK THEY ARE THE PEOPLE ON WELFARE. 60% OF MEDICAID RECIPIENTS ARE SENIOR CITIZENS AND NURSING HOMES AND LONG-TERM CARE FACILITIES. I THINK I'M GOING TO TURN TO MY COLLEAGUE FROM THE GREAT STATE OF MARYLAND, MR. RASKIN. WOULD YOU CARE TO JOIN US?

                                      Show Full Text
                                    • 06:15:53 PM

                                      MR. RASKIN

                                      THANK YOU VERY MUCH. AND THANK YOU, MR. SPEAKER. AND I'M DELIGHTED TO JOIN…

                                      THANK YOU VERY MUCH. AND THANK YOU, MR. SPEAKER. AND I'M DELIGHTED TO JOIN YOU THIS EVENING AND THANKS FOR PUTTING TOGETHER A DISCUSSION, A SPECIAL ORDER ON THIS CRITICAL PIECE OF LEGISLATION, WHICH IS NOW HURD WILLING THROUGH CONGRESS TODAY. AND I WAS REFLECTING, MR. SPEAKER, THAT I NEVER SEEN A RIOT BEFORE. AND I WONDER HOW MANY PEOPLE HAVE BEEN TO A RIOT. AND THEN AS I WAS WATCHING THIS BILL BEING RAMMED THROUGH CONGRESS, I REALIZED THAT WE WERE OBSERVING UP CLOSE A RIOT, A RULING-CLASS RIOT, A TRICKLE-DOWN RIOT, A SPECIAL-INTEREST RIOT, A 1% RIOT. THE 1% THAT WILL GET 83% OF THE TAX CUTS. THE 1% THAT IS OVERSEEING AN EXPLOSION IN OUR DEFICIT, ADDING SOMEWHERE BETWEEN $1.5 TRILLION TO $2.3 TRILLION THAT WE ARE ARE PASSING ON TO OUR CHILDREN AND GRANDCHILDREN. AND MY CONSTITUENTS ARE SAYING HEY, IF WE ARE GOING INTO AN EXTRA $1.5 TRILLION, WHY DON'T WE PUT IT INTO AN INFRASTRUCTURE PLAN FOR AMERICA? WHY NOT REBUILD OUR INFRASTRUCTURE SYSTEM. THE ROADS, THE HIGHWAYS AND THE PORT AUTHORITIES AND THE WATER SYSTEMS AND CYBERSECURITY, THEY ARE COLLAPSING IN FRONT OF OUR VERY ICE. IF YOU HAVE $1.5 TRILLION THAT WE ARE GOING TO PUT ON THE FEDERAL TAB, LET'S PUT IT INTO INFRASTRUCTURE. THEY BROUGHT US OLD-FASHIONED, SHARP-WORN AND HISTORICALLY -DISCREDITED TRICKLE-DOWN ECONOMICS. NEVER WORKS. IT NEVER WORKS TO CUT TAXES ON THE WEALTHY AND BIG CORPORATIONS IN HOPE THAT THE PROFITS WILL JUST MAGICICALLY, MYSTERIOUSLY RAIN DOWN ON THE MIDDLE CLASS AND WORKING PEOPLE. TASS JUST NEVER WORKED LIKE THAT. THE ONLY THING IS BUBBLE UP MIDDLE-CLASS ECONOMICS, THAT GIVES OPPORTUNITY TO EVERYBODY, THE WORKING POOR AND THE RICH WILL GET RICHER. WE HAVE PROVEN IT. WHEN YOU INVEST IN EDUCATION AND YOU INVEST IN INFRASTRUCTURE AND HEALTH CARE, EVERYBODY DOES BETTER AND BECAUSE EVERYBODY IS DOING BETTER, EVERYBODY DOES BETTER, INCLUDING THE WEALTHY, WE DON'T NEED TO HAVE TOP-DOWN CLASS WARFARE, TRICKLE-DOWN ECONOMICS IN AMERICA. BUT HEY, IT'S HARD TO STOP A RIOT. AND WE ARE IN THE MIDDLE OF A RIOT. THEY SAID MALCOLM X COULD STOP A RIOT. PAUL RYAN COULD STOP THE RIOT. THE G.O.P. COULD STOP THIS RIOT. BUT THE AMERICAN THE ONES WHO ARE FRIENDS WITH THE RUSSIANS CAN TASTE VICTORY. THEY ARE CARDING OFF THEIR TV'S AND THEY ARE MEASURING THE DRAPES AT MAR-A-LAGO AND POLLING FOR THE SENATE SEAT THAT THEY PLAN TO BUY WITH ALL OF THE NEW CAMPAIGN CONTRIBUTIONS THAT COME ROLLING IN FROM THE KOCH BROTHERS AND THE OTHERS WHO ARE GOING TO MAKE OUT WITH BANDITS. IN A RIOT, THERE IS NO TIME FOR HEARINGS, NO TIME FOR FACTS, NO TIME FOR ECONOMIC ANALYSIS, NO TIME FOR EXPERTS, NO TIME FOR DEMOCRACY. NO TIME FOR US TO READ THE LOUSY BILLS THAT THEIR LOBBYISTS WRITE FOR THEM. THEY ARE LOOTING THE TREASURY, RANSACKING MEDICARE AND MEDICAID AND TRASHING THE NEIGHBORHOODS OF THE MIDDLE CLASS BY RAISING TAXES OR 83 MILLION FAMILIES. THEY ARE TOO BUSY TRASHING THE STATE AND LOCAL TAX DEDUCTIONS AND IMPOSING DOUBLE TAXES, SOMETHING THAT HAS NOT OCCURRED SINCE WE DEVELOPED THE TAX SYSTEM BACK IN 1862, WHEN THEY IMPOSED THE FIRST REVENUE ACT IN THE MIDDLE OF THE CIVIL WAR. THEY EXEMPTED STATE AND LOCAL TAXES. LINK ONS AND THE REPUBLICANS SAID THAT IS DOUBLE TAXATION. AND HERE WE ARE AT A TIME OF RECORD CORPORATE PROFITS. AMAZING PROSPERITY THAT COMES OUT OF THE OBAMA ADMINISTRATION. AMAZING ECONOMIC EXPANSION AND GROWTH. THEY WANT TO IMPOSE DOUBLE TAXATION ON WHAT THEY SAY IS THE BLUE STATES, BECAUSE NOW AMERICA HAS TO BE DIVIDED. IT'S THEIR STATES AND OUR STATES. THE BLUE STATES ARE GOING TO PAY MORE AND THAT'S THE WAY THEY ARE PURSUING THEIR TAX POLICY IN THE UNITED STATES CONGRESS. YOU COULD ALMOST UNDERSTAND AND APPRECIATE THIS TRICKLE-DOWN MOB MENTALITY IF IT WERE JUST OUR OWN RICH PEOPLE WHO ARE WILDING AGAINST AMERICAN DEMOCRACY. THE TOP 1% IN AMERICA OWNS ONLY AS MUCH WEALTH AS THE BOTTOM 90% COMBINED. THERE IS THE REMNANTS OF THE MIDDLE CLASS TO DESTROY AND HARD TO KEEP UP WITH THE BILLIONAIRE CABINET. SO THEY NEED TO DRIVE 13 MILLION AMERICANS OFF THEIR HEALTH INSURANCE AND MAKE AMERICANS PAY MORE IN TAXES. ONE-THIRD OF THE CORPORATE WINDFALL IN THEIR GIGANTIC CORPORATE TAX BREAK, ONE-THIRD OF THE MONEY WILL GO TO FOREIGN INVESTORS, IN SAUDI ARABIA, IN CHINA, IN RUSSIA. THE ONE-THIRD OF THE AMERICAN STOCK THAT'S OWNED BY FOREIGN INVESTORS IS GOING TO JUST SAIL OUTSIDE OF THE COUNTRY IMMEDIATELY WHEN WE DO THIS. AND THAT HUGE SUCKING SOUND OF HUNDREDS OF BILLIONS OF DOLLARS WILL BE FOLLOWED BY BILLIONS MORE INVESTMENT AND MILLIONS MORE IN JOBS BECAUSE OF ANOTHER TRICK THAT GOT TUCKED INTO THIS BAG ON TRICKS TO THE AMERICAN PEOPLE AND TREATS. THEIR BILL CHANGES OUR TAX POLICY TO A TERRITORIAL SYSTEM. WHAT DOES THAT MEAN? IF YOU ARE AN AMERICAN BUSINESSMAN AND YOU ARE SETTING UP YOUR NEW BUSINESS, THE AMERICAN BUSINESSMAN OR BUSINESS WOMAN, YOU ARE GOING TO PAY 100% OF YOUR TAXES DUE. YOUR RATE IS GOING TO GO WAY DOWN BUT PAY 100%. IF YOU SHIFT YOUR JOBS AND BUSINESSES OVERSEAS AND GOING TO PAY ZERO% OF WHAT YOU WOULD OWE. THEY PUT IN A FIX, BELL WELL, IF IT GETS TOO EXTREME, YOU WHICH PAY SOMETHING. THAT WAS WRITTEN IN THE MIDDLE OF THE NIGHT. THAT IS A TALKING POINT. LET ME CLOSE WITH THIS, MR. GARAMENDI. LIKE A RIOT, THIS TAX SCAM HAS LITTLE TO RECOMMEND IT. ONLY REDEEMING FEATURE IS IT WILL WAKE A HORRIFIED COUNTRY UP TO THE GREED THAT HAS OVERTAKEN OUR POLITICS AND ONCE GREAT POLITICAL PARTY IN THE UNITED STATES OF AMERICA. WHEN WE WAKE UP TO THE FISCAL DAMAGE AND POLITICAL HANGOVER, THEN THEY WILL BE COMING IN WITH THEIR MEAT CLEEFERS TOWARDS SOCIAL SECURITY, MEDICARE AND MEDICAID. AND WHEN THE AMERICAN PEOPLE WHO BOUNCE UP AND BOUNCE THEM OUT OF OFFICE, IT WILL BE OK, BECAUSE THEY CAN WORK FOR THE LOBBYISTS AND THE BIG COMPANIES THAT MADE OUT LIKE BAND ITS TODAY. THE JOKE IS ON US IF THIS ACTUALLY GOES THROUGH. WHAT WE SAW TODAY WAS A RIOT FROM ABOVE. I YIELD BACK.

                                      Show Full Text
                                    • 06:24:32 PM

                                      MR. GARAMENDI

                                      THE VOICE OF MARYLAND IS STRONG AND POWERFUL AND QUITE CORRECT. YOU SPOKE…

                                      THE VOICE OF MARYLAND IS STRONG AND POWERFUL AND QUITE CORRECT. YOU SPOKE OF INCOME INEQUALITY THAT THE WEALTHY IN AMERICA, THE TOP 1% OWN AS MUCH WEALTH AS THE BOTTOM 90%?

                                      Show Full Text
                                    • 06:24:48 PM

                                      MR. RASKIN

                                      YES.

                                    • 06:24:50 PM

                                      MR. GARAMENDI

                                      SEEM TO FURTHER THE SKEWING OF WEALTH TO THE WEALTHY.

                                    • 06:24:56 PM

                                      MR. RASKIN

                                      CEMENT INTO PLACE AN OLE GARY. THE FOUNDERS OF AMERICA WERE OPPOSED TO THE…

                                      CEMENT INTO PLACE AN OLE GARY. THE FOUNDERS OF AMERICA WERE OPPOSED TO THE TRANSMISSION OF WEALTH BECAUSE THEY SAID THAT WILL BE LAZYNESS AND ENTITLEMENTS AND AT A CERTAIN POINT YOU BUY ENOUGH HOUSES, HORSES, YACHTS, YOU BUY ENOUGH JEWELS, WHAT DO YOU WANT? YOU WANT A GOVERNORSHIP OR SENATE SEAT. THAT IS NOT DEMOCRACY. SO WE CAN'T LET THIS SYSTEM OF WEALTH DISCRIMINATION AND SEPARATION DEVOUR OUR BASIC DEMOCRATIC VALUES.

                                      Show Full Text
                                    • 06:25:40 PM

                                      MR. GARAMENDI

                                      PERHAPS THE HOUSE OF LORDS IS IN OUR FUTURE. I WAS TALKING ABOUT AS YOU…

                                      PERHAPS THE HOUSE OF LORDS IS IN OUR FUTURE. I WAS TALKING ABOUT AS YOU WERE TALKING AN OLD COMIC BOOK THAT USED TO BE POPULAR AND ONE OF THE OLD DONALD DUCK COMIC BOOKS. AND PLAYING WITH THE DOLLARS, THROWING THE COINS UP IN THE AIR. AND I'M WONDERING IF THAT'S WHAT WE ARE INTO HERE. THE SUPERWEALTHY ACCUMULATING MORE AND MORE WEALTH FOR THE BENEFIT OF THE ECONOMY. IT DOESN'T TRICKLE DOWN. NO EVIDENCE THAT IT DOES. IN FACT, THERE IS PLENTY OF HISTORIC ECONOMIC EVIDENCE THAT TRICKLE DOWN DOESN'T WORK. BUT PUSHING UP FROM THE BOTTOM WHERE WE COULD HAVE HAD A TAX BILL.

                                      Show Full Text
                                    • 06:26:29 PM

                                      MR. RASKIN

                                      FIRST AND POLITICAL OPERATIVES SAYING THAT THE WHOLE REASON FOR DOING THIS…

                                      FIRST AND POLITICAL OPERATIVES SAYING THAT THE WHOLE REASON FOR DOING THIS IS THEIR DONORS WERE GOING ON A STRIKE AND SAID IF YOU DON'T GET THE TAX BILL THROUGH, DON'T EXPECT CONTRIBUTIONS FROM US. WE COULDN'T HAVE A MORE VIV I HAD DEMONSTRATION.

                                      Show Full Text
                                    • 06:26:52 PM

                                      MR. GARAMENDI

                                      IF THE TAX BILL IS FOR THEIR DONORS AND WE KNOW WHO THE BENEFICIARIES ARE.…

                                      IF THE TAX BILL IS FOR THEIR DONORS AND WE KNOW WHO THE BENEFICIARIES ARE. IT'S WALL STREET. VERY MUCH IT'S WALL STREET AND REALLY ABOUT RAISING THE STOCK PRICE. YOU MAY NOT HAVE BEEN HERE WHEN I PUT THIS UP. AND I'M GOING TO DO IT ONE MORE TIME. IT'S BEEN CLEAR BEFORE THE 1980'S, 50%, 60% AFTER-TAX CORPORATIONS WENT INTO CREATING A BIGGER CORPORATION INTO PLANT EQUIPMENT AND HIRING MORE PEOPLE AND PAYING MORE WAGES. THAT BEGAN TO SHIFT SO TODAY THE OPPOSITE OCCURS, MAYBE 70% OF THE AFTER-TAX PROFITS NOW GO INTO BUYING BACK STOCK, INCREASING THE STOCK, INCREASING DIFFEREDS. CASE IN POINT, THE CORPORATE TAX GIVE-AWAY, $1.4 TRILLION INCORPORATE TAXES IS ACTUALLY $1.3 TRILLION. REDEDUCTION INCORPORATE TAXES. FOR A COMPANY LIKE WELLS FARGO, THE CORPORATE TAX GIVE-AWAY WILL GIVE THEM AN 18% EARNINGS INCREASE. HOW DOES WELLS FARGO INTEND TO SPEND IT? NOT ON JOBS. HERE'S WHAT THE C.E.O. SAID IN DECEMBER OF 2017. HE SAID IT IS OUR GOAL TO INCREASE RETURN TO SHARE HOLDERS. DO WE HAVE AN EXCESS OF AMOUNT OF CAPITAL? THE ANSWER IS YES. SO OUR EXPECTATION SHOULD BE THAT WE WILL CONTINUE TO INCREASE OUR DIVIDEND AND OUR SHARE BACK BIPARTISANBACKS NEXT YEAR AND THE YEAR AFTER THAT AND THE YEAR AFTER THAT. SO WHERE ARE THE JOBS? MAY I CITE ONE OTHER EXAMPLE? LOWERING THE CORPORATE TAX RATE WAS SAID TO BE AN INCENTIVE FOR CORPORATIONS TO INVEST. HERE'S ONE OF THE GREAT AMERICAN CORPORATIONS. ARE THEY INVESTING? I THINK NOT. THEY ARE BUYING BACK STOCK. AT&T, ANOTHER MAJOR AMERICAN CORPORATION, EFFECTIVELY REDUCED ITS TAX RATE TO 8% OVER THE LAST DECADE. THEY ARE PAYING NOT ONLY 21%, BUT PAYING 8%, DID THEY CREATE JOBS? NO. DURING THAT SAME PERIOD OF TIME, THEY LAID OFF 80,000 WORKERS. MR. RASKIN, WE HAVE BUT A FEW MOMENTS AND IF YOU WOULD LIKE A FEW CLOSING REMARKS, WE WILL WRAP.

                                      Show Full Text
                                    • 06:29:53 PM

                                      MR. RASKIN

                                      THANK YOU FOR THIS OPPORTUNITY AND YOUR LEADERSHIP. YOU MAKE A SUPERB…

                                      THANK YOU FOR THIS OPPORTUNITY AND YOUR LEADERSHIP. YOU MAKE A SUPERB POINT. WE ARE AT A CORPORATE RECORD PROFITS. THEY ARE SWIMMING IN CASH. AND IF THEY WANTED TO EMPLOY MORE PEOPLE, THEY COULD EMPLOY PEOPLE NOW.

                                      Show Full Text
                                    • 06:30:11 PM

                                      MR. GARAMENDI

                                      OR RAISING WAGES.

                                    • 06:30:14 PM

                                      MR. RASKIN

                                      ALL WE ARE DOING IS BESTOWING MORE MONEY AWAY TO THE C.E.O.'S AND THE…

                                      ALL WE ARE DOING IS BESTOWING MORE MONEY AWAY TO THE C.E.O.'S AND THE STOCK DIFTSDZ AND STOCK BUYBACKS. SO THEY ARE GOING TO GET WEALTHIER. AND NO REASON TO BEGRUDGE THAT. THAT IS A LARGE PART OF PEOPLE'S DREAM DREAMSES. THEY ARE MAKING TONS OF MONEY RIGHT NOW AND WE HAVE SERIOUS NEEDS. WE HAVE AN INFRASTRUCTURE CRISIS. OUR ROADS, HIGHWAYS AND METRO AND WATER SYSTEMS ARE SUFFERING.

                                      Show Full Text
                                    • 06:30:49 PM

                                      MR. GARAMENDI

                                      EDUCATION.

                                    • 06:31:56 PM

                                      MR. GARAMENDI

                                      THEY HAVE SAID IT VERY CLEARLY, THEY NEED TO DO THIS FOR THEIR…

                                      THEY HAVE SAID IT VERY CLEARLY, THEY NEED TO DO THIS FOR THEIR CONTRIBUTORS. WHO ARE THEIR CONTRIBUTORS? THE WEALTHY, SUPER WEALTHY, AND THE REST. I THINK WE'RE GOING TO WRAP IT UP HERE, MR. RASKIN. I WANT TO THANK YOU FOR YOUR PARTICIPATION AND I WANT TO THANK MY COLLEAGUES WHO CAME TO THE FLOOR TONIGHT TO EXPRESS THEIR DISMAY AT WHAT HAPPENED. BECAUSE THE BILL WAS RUSHED THROUGH WITHOUT ANY PUBLIC HEARINGS, THERE WERE ERRORS IN THE BILL THAT REQUIRE THAT THE SENATE TAKE THE APPROVED CONFERENCE COMMITTEE REPORT AND MODIFY IT, WHICH I SUPPOSE MEANS THERE HAS TO BE ANOTHER CONFERENCE COMMITTEE, MODIFY IT, REMOVE THE ERRORS IN CONFLICT WITH THE SENATE RULES AND SEND IT BACK HERE. PRESUMABLY THAT WILL BE DONE TOMORROW. SO MAYBE BETWEEN NOW, AS WE BRING TO THE ATTENTION OF THE AMERICAN PUBLIC THE WAY IN WHICH THIS TAX BILL IS HARMFUL TO THE ECONOMY, HARMFUL TO THE AMERICAN MIDDLE CLASS AND WILL RESULT IN 83 MILLION AMERICANS IMMEDIATELY PAYING HIGHER TAXES AND OVER THE PERIOD OF TIME EVERYBODY THAT'S LESS THAN $100,000, MAYBE $150,000 WILL BE PAYING HIGHER TAXES. BUT THE WEALTHY AND THE CORPORATIONS WILL GO ON AND HAVE THEIR LOWER TAXES FOR MANY, MANY YEARS TO COME. ALL OF THAT HOPEFULLY WILL BEGIN TO SINK IN ON THE AMERICAN PUBLIC AND THEY'LL RISE UP IN INDIGNATION AND CALL A HALT TO WHAT IS A MAJOR RIPOFF OF THE AMERICAN TREASURY AND AMERICA'S FUTURE. SO WE'LL CONTINUE TO TALK ABOUT THIS IN THE DAYS AHEAD AND THOSE THAT HAVE VOTED FOR THIS ARE GOING TO BE HELD RESPONSIBLE AND ACCOUNTABLE AS THE DAYS AND THE MONTHS GO BY. KEEP IN MIND THAT THE TEXAS TWO-STEP IS VERY MUCH IN PLAY AND THAT IN THE DAYS AHEAD, IN THE NEXT YEAR, AS THE WEATHER WARMS, THE MIGRATION, THE RETURNED MIGRATION OF THE DEFICIT HAWKS WILL TAKE PLACE AND THEY WILL GO AFTER MEDICARE, MEDICAID, FOOD STAMPS, OR -- AND EDUCATION AND CHILDREN'S HEALTH AND OTHER PROGRAMS THAT MEN AND WOMEN OF AMERICA RELY UPON AND PERHAPS MANY, MANY MORE. SO WE'LL BE FIGHTING THIS FIGHT FOR MANY MONTHS TO COME. WITH THAT, MR. SPEAKER, I YIELD BACK, KEEPING IN MIND THE WORDS OF FRANKLIN DELANO ROOSEVELT, THANK YOU, I YIELD BACK.

                                      Show Full Text
                                    • 06:34:21 PM

                                      THE SPEAKER PRO TEMPORE

                                      UNDER THE SPEAKER'S ANNOUNCED POLICY OF JANUARY 3, 2017, THE GENTLEMAN…

                                      UNDER THE SPEAKER'S ANNOUNCED POLICY OF JANUARY 3, 2017, THE GENTLEMAN FROM TEXAS, MR. FLORES IS RECOGNIZED FOR 60 MINUTES AS THE DESIGNEE OF THE MAJORITY LEADER.

                                      Show Full Text
                                    • 06:34:43 PM

                                      MR. FLORES

                                      MR. SPEAKER, I RISE TODAY TO HONOR DR. HASKELL MONROE JR. OF BRIAN-COLLEGE…

                                      MR. SPEAKER, I RISE TODAY TO HONOR DR. HASKELL MONROE JR. OF BRIAN-COLLEGE STATION, TEXAS WHO PASSED AWAY ON NOVEMBER 13, 2017. HE WAS BORN IN DALLAS, TEXAS, ON MARCH 18, 1931. HE WAS THE ONLY CHILD OF HASKELL MONROE SR. AND MYRTLE MONROE. THE FAMILY OF THREE LIVED IN GARRLAND, TEXAS, UNTIL HASKELL JR. WAS 10 WHEN THEY MOVED TO FORT SMITH, ARKANSAS, BECAUSE OF HIS FATHER'S JOB FOR THE UNITED STATES DEPARTMENT OF WAR. THEY LIVED THERE FOR TWO YEARS BEFORE MOVING TO ORANGE, TEXAS, WHERE THE FAMILY RESIDED THROUGH HASKELL'S HIGH SCHOOL YEARS. DURING HIS HIGH SCHOOL YEARS, HASKELL WAS AN ACTIVE MEMBER OF THE BAND, THE TRACK AND FIELD TEAM, THE FOOTBALL TEAM, AND HE WAS A MEMBER THEY HAVE BOY SCOUTS. HIS EXPERIENCE IN SCHOOLS IN BOTH GARLAND AND ORANGE FOSTERED A LOVE OF LEARNING THAT LASTED THROUGHOUT HIS LIFE HE WENT ON TO AUSTIN COLLEGE IN SHERMAN, TEXAS, WHERE HE CONTINUED HIS INVOLVEMENT IN TRACK AND FIELD AND FOOTBALL. HE GRADUATED FROM AUSTIN COLLEGE IN 1952 WITH A BACHELOR'S DEGREE IN BOTH HISTORY AND ENGLISH. AFTER GRADUATION, HE STARTED GRADUATE SCHOOL AT AUSTIN COLLEGE WORKING TO EARN HIS MASTERS IN HISTORY. WHILE WORKING TO EARN HIS MASTER'S DEGREE, HASKELL BEGAN TEACHING AT NEARBY DENSON HIGH SCHOOL. HE TAUGHT HISTORY AT DENISON AND FOUND HIS LIFELONG CALLING TO BE AN EDUCATOR WHILE WORKING THERE. IN 1954, HE ENLISTED IN THE UNITED STATES NAVY, HE SERVED FOR THREE YEARS AND WHILE IN THE NEA, HIS PASSION FOR TEACHING NEVER WAVERED AND HE CONTINUED TO TEACH WHILE STATIONED IN SOUTH CAROLINA. THERE HE TAUGHT I THINKLY TO VISITING JAPANESE SAILORS AND AS AN ASSISTANT COACH FOR A LOCAL HIGH SCHOOL FOOTBALL TEAM. HE COMPLETED SERVICE AROUND BUZZ DISCHARGED FROM THE NAVY IN 1956. SHORTLY THEREAFTER, HE MET THE LOVE OF HIS LIFE, MARGARET JOANNE PHILLIPS, KNOWN AS JO. THEY MET WHILE HE WAS WORKING ON HISTORICAL RESEARCH IN NORTH CAROLINA. ON JUNE 15, 1957, THEY WERE MARRIED. IN ADDITION TO MANY YEARS LOVE AND HAPPINESS, THE MARRIAGE PRODUCED FOUR CHILDREN. STEVEN, MELANIE, MARK, AND JOHN, AND EIGHT GRANDCHILDREN. THE MONROES MOVED TO HOUSTON AFTER THEIR WEDDING IN ORDER FOR HASKELL TO PURSUE A PH.D. IN HISTORY AT RICE UNIVERSITY. THEY EVENTUALLY MOVED TO THE BRYAN-COLLEGE STATION AREA IN 1959. ONE OF HIS TO DOCTORAL PROFESSOR AT RICE, DR. FRANK VANDBERG, WHO WOULD HIMSELF BECOME PRESIDENT OF TEXAS A&M UNIVERSITY, HELPED HASKELL GET HIS FIRST JOB HE BECAME PROFESSOR OF HISTORY AT THE AGRICULTURAL AND MECHANICAL COLLEGE OF TEXAS. THIS BEGAN A DECADES-LONG CAREER AS A TEACHER AND LEADER. HE WAS APPOINTED TO A COMMISSION TO RECOMMEND CHANGES TO THE UNIVERSITY TO PUT THE INSTITUTION ON SOUND FOOTING FOR THE FUTURE. AMONG THE RECOMMENDATIONS TO COME OUT OF THIS COMMITTEE WERE THE ADMISSION OF FEMALE STUDENTS, NONCOMPULSORY MEMBERSHIP IN THE CORPS OF CADETS, RACIAL INTEGRATION, HIGHER ADMISSION STANDARDS AND INPUT THAT LED TO CHANGES THE NAME OF THE UNIVERSITY TO TEXAS A -- TEXAS A&M UNIVERSITY HE LEFT TEXAS A&M TO BECOME PRESIDENT OF THE UNIVERSITY OF TEXAS EL PASO, KNOWN AS UTEP. AFTER SEVEN YEARS AT UTEP, HE BECAME CHANCELLOR AT UNIVERSITY OF MISSOURI WHERE HE REMAINED UNTIL 1993. YOU SHOULD HIS LEADERSHIP, BOTH SCHOOLS REACHED NEW HEIGHTS AS ACADEMIC INSTITUTIONS. ENROLLING RECORD NUMBERS OF STUDENTS, INCREASING MINORITY STUDENT POPULATIONS, AND MOLDING MANY NATIONAL MERIT AWARD SCHOLARS. IN HIS DOWNTIME, HASKELL ENJOYED COLLECTING POST-CARDS FROM TOWNS WHERE HE HIED AND VISITED WHILE TRAVELING, ESPECIALLY THE BACK ROADS OF THE UNITED STATES AND MEXICO, AND LEARNING HISTORY THROUGH COMMEMORATIVE BRICKS AN PLAQUES AND ROADSIDE MARKERS AT HISTORICAL PLACES HE SHARED HIS FATHER'S PASSION FOR WOODWORKING AND WAS KNOWN TO CREATE MANY PIECES FOR HIS FRIENDS AND FAMILY. A MEMBER OF THE LOCAL COMMUNITY, HASKELL WAS A MEMBER OF THE ROTARY CLUB AND SERVED ON THE BOARDS OF THE UNITED WAY, SALVATION ARMY AND BOY SCOUTS. HE WAS ALSO A LIFELONG MEMBER OF THE PRESBYTERIAN CHURCH WHERE HE ALSO SERVED AS AN ELDER AND ORDAINED DEACON. MR. SPEAKER, HASKELL MONROE WORKED TIRELESSLY TO TEACH THE YOUNG PEOPLE AND TO GIVE BACK TO HIS COMMUNITY. HE IS LOVED BY OUR BRYAN-COLLEGE STATION COMMUNITY AND LEFT AN ENDURING IMPRESSION ON THE ENTIRE STATE OF TEXAS. HE WILL BE FOREVER REMEMBERED AS A GREAT EDUCATOR, COLLEAGUE, PHILANTHROPIST, COMMUNITY LEADER, HUSBAND, FATHER, GRANDFATHER, AND FRIEND. MY WIFE GEENA AND I OFFERED OUR DEEPEST, HEART FELT CONDOLENCES TO THE MONROE FAMILY AND LIFT UP THE FAMILY AND FRIENDS OF DR. MONROE IN OUR PRAYERS. I HAVE REQUESTED THAT A UNITED STATES FLAG BE FLOWN OVER THE CAPITOL TO HONOR THE LIFE AND LEGACY OF DR. HASKELL MONROE JR. AS I CLOSE TODAY I URGE ALL AMERICANS TO CON PRAYING FOR OUR COUNTRY IN THESE DIFFICULT TIMES, FOR OUR MILITARY MEN AND WOMEN WHO PROTECT US FROM EXTERNAL THREATS AND FOR OUR FIRST RESPONDERS WHO PROTECT US HERE AT HOME. MR. SPEAKER, I RISE TODAY TO HONOR RETIRED STAFF SERGEANT ROBERT CARTER OF WACO, TEXAS, BETTER KNOWN AS POPEYE TO HIS FRIENDS HE PASSED AWAY ON NOVEMBER 26, 2017. POPEYE WAS BORN IN 1953 AND GREW UP IN THE WACO AREA. IN 1972, HE GRADUATED FROM RICHFIELD HIGH SCHOOL. AFTER GRADUATIONING HE MARRIED HIS HIGH SCHOOL SWEETHEART. POPEYE ALSO HEARD THE CALL TO SERVE HIS COUNTRY AND ENLISTED IN THE ARMY IN 1972. HE WAS STATIONED IN FRANKFORT, GERMANY, WHERE HE PATROLED THE CZECH BORDER IN THE COLD WAR HE SERVED ON ACTIVE DUTY FROM 1972 TO 1975. AFTER HIS ACTIVE DUTY SERVICE WAS UP, POPEYE SERVED IN THE ARMY RESERVES FROM 1975 TO 1995. IN ALL HIS CAREER IN THE ARMY -- IN ALL, HIS CAREER IN THE ARMY SPANNED 23 YEARS. IN NOVEMBER, 199, 0 HE WAS CALLED TO ACTIVE DUTY WITH HIS RESERVE UNIT. THE UNIT SHIPPED OFF TO FIGHT IN THE GULF WAR. HIS UNIT WAS PLACED ON THE FRONT LINES, INCURRING HEAVILY ARTILLERY FIRE THROUGHOUT THEIR TIME IN THE GULF. HE RETURNED TO THE UNITED STATES WHERE HE SOON FOUND OUT HE WAS SUFFERING FROM WHAT BECAME KNOWN AS GULF WAR SYNDROME. THE AFTERMATH OF THE WAR AFFECTED POPEYE FOR THE REST OF HIS LIFE. AFTER POPEYE'S SERVICE , HE CAME BACK HOME TOWACO AND SERVED AS A MECHANIC FOR 30 YEARS. ALWAYS ONE TO GIVE BACK , HE BEGAN VOLUNTEERING TO HELP LOCAL VETERANS AT THE VETERANS ONE TOP SHOP -- ONE STOP SHOP WHICH OFFERS VETERAN SUPPORT SERVICES -- WHICH OFFERS SUPPORT SERVICES TO VETERANS TO HELP THEM REINTEGRATE INTO SOCIETY AND PROVIDE THEM WITH AN JUT LET TO MEET OTHER VETERANS IN THE AREA. HE WAS KNOWN AS SOMEONE WHO WOULD HELP ANYONE IN NEED, OFTEN ANONYMOUSLY. A MAN OF GREAT FAITH, POPEYE BELIEVED STRONGLY IN GOD AND USED HIS FAITH IN LIFE HE OPENLY SHARED HIS FAITH WITH OTHERS AND BELIEVED IN HELPING THOSE IN SPIRITUAL NEED JUST AS MUCH OZ THOSE WITH PHYSICAL WOUNDS. AFTER THE PASSING OF HIS FIRST WIFE HE MARRIED AND ENJOYED A NEW BEGINNING WITH HIS WIFE ROXANNE CARTER. TOGETHER THEIR FAMILY HAD A SON AND THREE DAUGHTERS AS WELL AS 1 GRANDCHILDREN, ALL OF WHOM POPEYE LOVED DEARLY. IN 2013, HE WAS DOMINATED -- NOMINATED BY THE MEMBERS OF OUR COMMUNITY FOR THE 17TH CONGRESSIONAL DISTRICT VETERAN COMMENDATION AWARD. IT WAS AN HONOR TO BESTOW THIS UNIQUE AWARD THAT RECOGNIZED SELFLESS SERVICE TO OUR NATION AND THE CENTRAL TEXAS COMMUNITY. IN HIS FREE TIME, POPEYE ENJOYED THE OUTDOORS AND LOVED TO FISH. HE WAS ALSO AN AVID MOTORCYCLIST AND WAS ROUTINELY SEEN RIDING HIS HARLEY DAVIDSON WITH FRIENDS. A DEDICATED FAMILY MAN, POPEYE LOVED TO SPEND TIME WITH HIS FAMILY AND LOOKED FORWARD TO DINNERS EVERY MONDAY NIGHT WHERE HIS IMMEDIATE FAMILY WOULD FWATHER TO ENJOY FOOD AND FELLOWSHIP. MR. SPEAKER, SELFLESS SERVICE TO ALL THOSE AROUND HIM DEFINED POPEYE CARTER'S LIFE HE WORKED TIRELESSLY TO DEFEND OUR FREEDOM AND BETTER OUR WACO COMMUNITY. HE IS LOVED BY OUR CITY AND LEFT AN ENDURING IMPRESSION ON ALL OF CENTRAL TEXAS. HE WILL BE FOREVER REMEMBERED AS A SELFLESS SOLDIER, PHILANTHROPIST, COMMUNITY MEMBER, HUSBAND, FATHER, GRANDFATHER AN FRIEND. MY WIFE AND I OFFER OUR DEEPEST AND HEART FELT CONDOLENCES TO THE CARTER FAMILY AND ALSO LIFT UP THE FAMILY AND FRIENDS OF POPEYE CARTER IN OUR PRAYERS. I HAVE REQUESTED THE UNITED STATES FLAG BE FLOWN OVER THE CAPITOL TO HONOR THE LIFE AND LEGACY OF ROBERT "POPEYE" CARTER. AS I CLOSE TODAY I URGE ALL AMERICANS TO CONTINUE PRAYING FOR OUR COUNTRY IN THESE DIFFICULT TIMES FOR OUR MILITARY MEN AND WOMEN WHO PROTECT IT FROM THREATS ABROAD AND OUR FIRST RESPONDERS WHO PROTECT US HERE AT HOME. MR. SPEAKER, I RISE TODAY TO HONOR U.S. MARINE CORPS STAFF SERGEANT CALVIN RYAN COFFER OF BRYAN, TEXAS WHO PASSED AIRWAY ON OCTOBER 24, 2017. HE WAS BORN ON SEPTEMBER 22, 1983. FROM A YOUNG AGE HE WAS INVOLVED IN THE BOY SCOUTS AND THE -- ACHIEVED THE HIGHEST RANK OF EAGLE SCOUT. TRUE TO HIS TEXAS ROOTS, HE ENJOYED HUNTING, FISHING AND LOVED WATCHING FOOTBALL, ESPECIALLY THE DALLAS COWBOYS AND THE FIGHTING TEXAS AGGIES, ESPECIALLY WITH HIS GRANDMOTHER, MIMI. GROWING UP , HE SPENT MANY DAYS WRORKING -- WORKING ALONGSIDE HIS FATHER AT A LOCAL THEATER COMPANY, A SMALL PERFORMANCE AT THE FOR THE BRAZOS VALLEY. TRUE TO HIS NATURE HE PUT DUTY BEFORE HIMSELF. HE FELT A CALL AND HE ANSWERED IT BY SERVING HIS COUNTRY IN THE UNITED STATES MARINE CORPS. HE ENLISTED AS AN INFANTRYMAN. HE WAS ASSIGNED THE SECOND BATTALION, FOURTH MARINES AND LATER TO THE FIFTH HEADQUARTERS COMPANY IN CAMP PENDLETON, CALIFORNIA. HE DEPLOYED THREE TIMES, ONCE TO JAPAN AND TWICE TO IRAQ. HE WAS A HIS AWARDS INCLUDE THE MARINE CORPS ACTION RIBBON, GOOD CONDUCT MEDAL. NATIONAL DEFENSE SERVICE MEDAL, IRAQ CAMPAIGN MEDAL. PART OF HIS DUTIES INCLUDED BEING A ZODE YACK FAST ASSAULTS SPECIALIST, A SQUAD LEADER. ON HIS SECOND DEPLOYMENT TO IRAQ HE WAS TASKED WITH PROVIDING SECURITY TO COLONEL DAVID PATRIOT RUSS. AND HE FELT HIS SQUAD MADE IT HOME SAFELY. RYAN SET A GOAL. HE WAS ACCEPTED INTO TEXAS A&M AND HE HELD OUT FOR ONE SEMESTER. RYAN EMBODIED THE CORE BODY, THROUGH HIS LOYALTY, AND INTEGRITY. THE TOLL OF HIS MILITARY MANIFESTED ITSELF AND WENT UNDIAGNOSED. AS THE LONG-TERM EFFECTS OF WAR BEGAN TO GROW WITHIN HIM, HE BECAME A VICTIM AND HIS LIFE ENDED FAR TOO EARLY. MR. SPEAKER, SERGEANT WORKED TO SERVE OUR COUNTRY AS WELL AS FAMILY AND FRIENDS. HE IS LOVED BY OUR COMMUNITY AND HE LEFT AN IMPRESSION. RYAN WILL BE REMEMBERED AS A COURAGEOUS MARINE, LOVING SON, COMMUNITY MEMBER AND FRIEND. MY WIFE AND I LIFT UP OUR HEARTFELT CONDOLENCES AND LIFT UP RYAN'S FRIENDS. I REQUEST THE FLAG BE FLOWN TO HONOR. I ASK ALL AMERICANS TO CONTINUE TO PRAY FOR OUR COUNTRY, FOUR OUR MILITARY MEN AND WOMEN AND FOR OUR FIRST RESPONDERS WHO PROTECT US HERE AT HOME. MR. SPEAKER, I RISE TO HONOR BOB AMMON OF WACO, TEXAS WHO PASSED AWAY ON DECEMBER SEPTEMBER 28, 2017. HE WAS GROWING UP IN AN AVERAGE AMERICAN HOME. AND YOUNGER SISTER AND OLDER. HE WAS A SENIOR IN HIGH SCHOOL WHEN THE JAPANESE STRUCK PEARL HARBOR. BOB NOT BEING OLD ENOUGH, HE WAS DETERMINED TO SERVE HIS COUNTRY AND CONTRIBUTE TO THE WAR EFFORT. IN 194 , HE TOOK THE AVIATION EXAM TO BECOME A PILOT. HE PASSED THE EXAM OL AUGUST 25, 194. AND CALLED INTO ACTIVE DUTY IN 194 AND BEGINNING FLIGHT TRAINING AND COMPLETING TRAINING IN NEW MEXICO. AFTER GRADUATING FROM FLIGHT SCHOOL, HE WAS ASSIGNED TO A MAY SCROR AIR FORCE BASE. IN 1944, HE BEGAN BOMBING RUNS WHO WERE FIGHTING TO DISMANTLE THE BOMBING MISSIONS AND PARTICIPATED IN A COMBAT DURING THE BATTLE OF THAT KNOW HARBOR. HE RE-ENLISTED DURING THE KOREA WAR AND EARNED A PURPLE HEART FOR WOUNDS HE SUFFERED AFTER BEING SHUT DOWN. BOB RE-ENLISTED TO SERVE WHEN THE VIETNAM WAR BROKE OUT. HE NEVER MISSED AND HE WAS PROUD OF HIS MILITARY SERVICE UNTIL THE DAY HE PASSED. BOB MET A BEAUTIFUL WOMAN AND MARRIED IN 195. ENJOYED 64 YEARS OF MARRIAGE TOGETHER AND RAISED THREE SONS, ALL OF WHOM WHO GRADUATED FROM BAYLOR UNIVERSITY. BOB MADE A POINT TO BE THERE FOR THEIR SONS. HE WAS KNOWN AS A LOVING FATHER WHO RAISED HIS SONS WITH A SEDY HAND AND PASSED ON HIS LOVE OF FLYING, GOLF TO HIS THREE SONS. 25 FAMILY MEMBERS INCLUDING CHILDREN AND GRANDCHILDREN. HE FLEW THE AMERICAN FLAG OUTSIDE HIS HOME IN WACO. HE ALWAYS MADE A POINT TO STAND FOR THE PLEDGE OF ALLEGIANCE. BOB WAS KNOWN FOR GIVING BACK TO THE LOVING COMMUNITY. BOB SERVED IN THE POSITION OF THE LEADERSHIP OF COULD HAVEN ANT CHURCH AND GREETED PARISHNERS AND HIS MANNER WILL BE MISSED AT COVENANT CHURCH. HE WORKED TIRELESSLY TO RAISE A STRONG FAMILY AND SERVE OUR WACO COMMUNITY. HE IS LOVED BY HIS FRIENDS AND FAMILY AND LEFT AN IMPRESSION ON CENTRAL TEXAS. HE WILL BE REMEMBERED AS AN AMERICAN HERO, A HUSBAND, FATHER AND GRANDFATHER, A GREAT-GRANDFATHER AND A FRIEND. MY WIFE AND I OFFER OUR CONDOLENCES AND LIFT UP THE FAMILY OF BOB. I REQUEST THAT THE UNITED STATES FLAG BE FLOWN OVER THE CAPITOL TO HONOR THE LIFE AND LEGACY. AS I CLOSE TODAY I URGE ALL AMERICANS TO PRAY FOR OUR COUNTRY FOR OUR MILITARY MEN AND WOMEN WHO PROTECT US ABROAD AND OUR FIRST RESPONDERS WHO PROTECT US FROM THREATS HERE AT HOME. THANK YOU, MR. SPEAKER. I YIELD BACK.

                                      Show Full Text
                                    • 06:52:07 PM

                                      THE SPEAKER PRO TEMPORE

                                      THE DESIGNEE OF THE MAJORITY LEADER.

                                    • 06:52:20 PM

                                      MR. SCHWEIKERT

                                      THANK YOU, MR. SPEAKER, AS WE TRY TO GET THE BOARDS LINE UP. ONLY GOING TO…

                                      THANK YOU, MR. SPEAKER, AS WE TRY TO GET THE BOARDS LINE UP. ONLY GOING TO DO THREE OF THESE TODAY. MR. SPEAKER, ONE OF THE THINGS I WANTED TO DO TONIGHT AND WE DID IT DURING THE DEBATE EARLIER TODAY, I HEAR LOTS OF THE DISCUSSION FROM OUR BROTHERS AND SISTERS ON THE LEFT ABOUT THE TAX BILL. AND LOOK, WE OFTEN TEASE THAT THIS PLACE IS OFTEN A MASS-FREE ZONE BUT I WANTED TO GO A LITTLE BIT BIGGER ON WHY THIS TAX BILL IS SO CRUCIAL TO EVERY AMERICAN, WHETHER YOU BE ON THE LEFT, THE RIGHT OR JUST OUT THERE WORKING AS HARD AS YOU CAN AND NOTHING THINKING ABOUT POLITICS. THE CHART I HAVE RIGHT ON THE SIDE, THIS IS WHAT OUR NONPARTISAN CONGRESSIONAL BUDGET OFFICE HAS COME UP WITH AS OUR ECONOMIC GROWTH FUTURE. AND IF YOU TAKE A LOOK OVER HERE, YOU WILL SEE 1.8% G.D.P. GROWTH FOR THE NEXT 10 YEARS BUT SKILE ROCKET, IF YOU SAW THE DETAILS, JUST SLIGHTLY UNDER 2 AND THE NEXT DECADE AND WE FALL BACK DOWN TO 1.9% G.D.P. GROWTH. WHY THIS IS CRUCIAL. WE HAVE LOTS OF PROMISES. YOU HAVE HEARD DISCUSSIONS, SOMEONE WHO WAS BEHIND THE MICROPHONE ON THE OTHER SIDE TALKING ABOUT MEDICARE. THERE'S ESTIMATES OUT THERE THAT OVER THE 75 WINDOW, MEDICARE IS $125 TRILLION UNDERFUNDED AND LARGEST UNDERFUNDED LIABILITY THAT WE KNOW IN THE WORLD. THIS IS WHAT HAPPENS WHEN YOU ARE GROWING AT 1.8% G.D.P. IF YOU WANT THIS SOCIETY TO HAVE AN OPPORTUNITY TO KEEP ITS PROMISES TO OUR SENIORS, TO OUR KIDS, TO THAT WORKING FAMILY, WE MUST HAVE ECONOMIC GROWTH. AND I TALKED ABOUT THIS EARLIER TODAY. A TERRIFIC EDITORIAL JOURNAL IN THE "WALL STREET JOURNAL" SAID, FROM THE LEFT SIDE, THEY THINK ABOUT INCOME EQUALITY. AND FROM THE REPUBLICAN SIDE WE SOUND LIKE ACCOUNTANTS BUT I'M SORRY, THE MATHIS IMPORTANT, BUT WE THINK OF ECONOMIC GROWTH. BECAUSE IF YOU LOOK AT THE NEXT CHART, I WANT YOU TO LOOK AT THE VERY, VERY END. YOU SEE THIS GOLD LINE, GREEN LINE, YOU SEE THE SEPARATION? THAT'S INCOME INEQUALITY. IT HAS GROWN DRAMATICALLY IN THE LAST DECADE AND WE HAVE GROWN AT ONLY 1.8% G.D.P. IN THE LAST DECADE. SLOW ECONOMIC EXPANSION IS WHERE YOU GET THE INEQUALITY. IF THE LEFT WERE CONCERNED, THEY WOULD BE EMBRACING THINGS THAT WOULD EXPAND THIS ECONOMY SO EVERYONE HAS A FIGHTING CHANCE. BUT YOU FIND THE POLITICS OF DIVISION, VERY POWERFUL AROUND HERE. AND LOOK, WE ALL GET THE JOKE. WE UNDERSTAND THAT SO MANY OF OUR BROTHERS AND SISTERS ON THE LEFT, THEY ARE TERRIFIED, ARE THEIR BASES ANGRY, HOWEVER WE WANT TO DEFINE IT, IS YOU CAN'T LET THE REPUBLICANS HAVE A VICTORY ESPECIALLY ON REWRITING THE TAX CODE. EVEN THOUGH IF YOU LOOK AT THEIR RECORD, THEY STOOD BEHIND MICROPHONES AND SAID THE TAX CODE IS ABYSS MILL AND HURTS HARD-WORKING PEOPLE AND IN A LOW-GROWTH ENVIRONMENT WITH A CRAPPY TAX CODE, THIS IS WHAT YOU GET. BUT THE POLITICS ARE SO UNCOMFORTABLE THAT FOR A LOT OF OUR FRIENDS, IT'S MORE UNCOMFORTABLE TO VOTE FOR SOMETHING THAT ACTUALLY MIGHT BE SEEN AS A REPUBLICAN VICTORY. I WISH I HAD AN ELEGANT WAY OF BEGGING MY WAYS ON THE DEMOCRAT SIDE BY SAYING, GIVE EVERY EMCAN A FIGHTING CHANCE. BECAUSE IF WE START TO GROW, YOU CAN SAVE MORE MONEY FOR YOUR RETIREMENT AND KIDS. BECAUSE WHERE WE ARE AT TODAY AND WHERE WESTBOUND IN THE LAST DECADE, WE ARE IN REAL TROUBLE. YOU LOOK AT SOME OF THE NONPARTISAN GROUPS AND EVEN SOME OF THE PARTISAN GROUPS ON THEIR ANALYSIS OF WHAT U.S. DEBT STRUCTURE LOOKS LIKE AND THERE ARE MANY OF THESE MODELS IN 15, 18 YEARS, THEY COLLAPSE. OUR DEBT TO G.D.P. AND WHAT THAT MEANS IS, GROSS DOMESTIC PRODUCT. HERE'S THE SIZE OF OUR ECONOMY AND HERE'S THE SIZE OF OUR DEBT. IN JUST A FEW YEARS, WE SURPASS THE AMOUNT OF PUBLICLY-SOLD DEBT. IT PASSES THE ENTIRE SIZE OF OUR ECONOMY AND KEEPS GOING AND GOING AND GOING AND GOING. THAT STATUS QUO. PLEASE UNDERSTAND THE STATUS QUO HAS MANY OF THE MODELS COLLAPSING MUCH OF THIS ECONOMY IN ABOUT 15, 18 YEARS, BECAUSE OUR DEBT IS SO HUGE, IT CONSUMES EVERYTHING. SOCIAL ENTITLEMENTS ARE THREE-QUARTERS OF ALL OF OUR SPENDING. MEDICAID, SOCIAL SECURITY. THREE-QUARTERS OF OUR SPENDING AND GOING TO GET DRAMATICALLY MORE. IF YOU CARE ABOUT HEALTH RESEARCH AND EDUCATION AND NATIONAL PARKS, CARE ABOUT THE MILITARY, IF YOU CARE ABOUT OUR RELATIONS AROUND THE WORLD, ALL THOSE ARE GETTING SQUEEZED BECAUSE ESSENTIALLY THE DEMOGRAPHIC CURVE WE ARE ALREADY IN, THE GROWTH OF THOSE POPULATIONS AND OUR ATTEMPT TO KEEP OUR PROMISES. IF YOU CARE ABOUT KEEPING OUR PROMISES, YOU CARE ABOUT THE ECONOMIC GROWTH. AND THE TAX REWRITE IS ONE OF THE KEY ELEMENTS IN THAT. AND YES, IT'S ALSO GOING TO REQUIRE THINKING ABOUT IMMIGRATION AND REGULATIONS AND THE ADOPTION OF TECHNOLOGY. BUT UNDERSTAND, YOU CAN'T STAND AROUND HERE AND GIVE SPEECHES ABOUT NICK INEQUALITY AND THEN SUPPORT THE VERY POLICIES THAT ACTUALLY CREATE. IT IS THE BOARD AND WHY IT IS SO IMPORTANT IS I ASK FOR EVERYONE TO STOP THINKING ABOUT THE ACTUAL DEBT NUMBER AND THINK ABOUT IT AS ITS RATIO, ITS PERCENTAGE ON ITS SIZE OF THE ECONOMY. SO IF WE HAVE A $20 TRILLION ECONOMY, WE ARE AT 1 100% DEBT TO G.D.P. OUR ECONOMY IS BIGGER THAN THAT. BUT IF YOU LOOK AT THAT RED LINE, THAT IS NIVEMENTS. AND YOU NOTICE WHERE IT IS FLAT? THAT IS NOT BECAUSE WE ARE SPENDING LESS MONEY ON ENTITLEMENTS. WHAT THAT IS ABOUT IS WE WERE GROWING AS AN ECONOMY. YES, WE WERE SPENDING MORE MONEY BUT GROWING FASTER THAN THE GROWTH IN THAT SPENDING. . IF YOU CARE ABOUT FAIRNESS, YOU CARE ABOUT OPPORTUNITY SAVE FRBLING YOU CARE ABOUT INCOME INEQUALITY, YOU'VE GOT TO STEP UP AND DO THOSE THINGS THAT ARE DIFFICULT, AND THEY'RE VERY DIFFICULT. THAT WILL MAXIMIZE ECONOMIC EXPANSION IN THIS COUNTRY. BECAUSE THE DIFFICULTIES THAT ARE COMING IN THE NEXT DECADE AND OUR INABILITY TO HAVE ENOUGH RESOURCES OR ENOUGH BORROWING CAPACITY TO CONTINUE TO PAY IS DEVASTATING. WE NEED THIS, WE NEED THIS ECONOMY TO CONTINUE TO GROW. SO AS WE WALK THROUGH THIS, I WANT TO WALK THROUGH A COUPLE OF OWNATIONS, THIS IS AN OPPORTUNITY WHERE YOU HAVE A FEW MINUTES TO SHARE. I HOLD A SEAT ON THE WAYS AND MEANS COMMITTEE. AND IT HAS BEEN FASCINATING. ON OCCASION YOU'LL HEAR FOLKS SAY, WELL, THIS WAS RUSHED THROUGH. WELL, EXCEPT IT WAS BUILT ON ABOUT A DECADE'S WORTH OF WORK. IF YOU LOOK AT ALL THE YEARS DAVE CAMP, THE PREVIOUS CHAIRMAN OF THE WAYS AND MEANS COMMITTEE AND THE CHAIRMAN AFTER HIM WHO HAPPENED TO BE PAUL RYAN AND NOW THE CHAIRMAN, KEVIN BRADY, THERE'S VOLUMES AND VOLUMES OF DOCUMENTATION. THERE'S VOLUMES AND VOLUMES OF HEARINGS AND DATA AND THERE'S -- THERE'S GOT TO BE HUNDREDS OF HOURS OF VIDEO OUT THERE OF DIFFERENT HEARINGS, BOTH MADE TO THE WHOLE COMMITTEE AND THE SUBCOMMITTEES HAVE DONE, IN JUST TRYING TO UNDERSTAND WHAT EFFECTS ECONOMIC GROWTH, WHAT WORKS AND WHAT DOESN'T WORK. AND AN OBSERVATION. HOW MANY PEOPLE IN THE LAST COUPLE OF WEEKS HAVE YOU HEARD WALK UP BEHIND THESE MICROPHONES AND USE THE EARLY 2000'S AS AN ECONOMIC EXAMPLE OF A TAX CUT? UNDERSTAND, THAT WAS JUST SUBSTANTIALLY BASIC INCOME TAX. THAT WASN'T REWRITING PARTS OF THE TAX CODE. WHAT SO MANY FOLKS FORGET TO TELL YOU, YOU GO BACK TO 2002 AND YOU ACTUALLY LOOK AT WHAT WE CALL THE BASELINE AND I'M SORRY, THIS IS GOING TO GEEK OUT A LITTLE BIT, BASELINE IS OUR MODEL OF WHAT WE THINK REVENUES WILL LOOK LIKE AND SPENDING ARE GOING TO LOOK LIKE OVER THE NEXT DECADE. AND THEN YOU LOOK AT THOSE THINGS THAT ARE REFERRED TO AS THE BUSH TAX CUT WHEN THEY FINALLY EXPIRED. YOU DO REALIZE THE REVENUES, THE REVENUES THAT CAME INTO THIS GOVERNMENT WERE $77 BILLION HIGHER THAN THE PROJECTION. BUT YET YOU'LL HEAR PEOPLE GET UP MIND THE MICROPHONE AND SAY, THESE DIDN'T PAY FOR THEMSELVES. THAT'S NOT THE MATH. NOW, THIS GOVERNMENT SPENT A LOT MORE MONEY THAN WAS PROJECTED. WE HAD WARS, WE HAD BAILOUTS, WE HAD STORMS, WE HAD ALL SORTS OF THINGS. WE SPENT A LOT MORE MONEY. IF YOU LOOK AT THE REVENUE LINE, WHEN THOSE 2002 TAX CUTS EXPIRED , THERE WAS $77 BILLION MORE IN REVENUE THAN WAS PROJECTED. IS THAT BECAUSE OF THE TAX CUTS? PARTIALLY. MAYBE. BUT THERE WERE LOTS OF OTHER EFFECTS IN THE ECONOMY, ADOPTIONS OF TECHNOLOGY AND ALL SORTS OF THINGS. BUT THE BASIC RULE OF THUMB IS, HERE WITH WHERE WE THOUGHT WE WOULD BE, WE WERE $77 BILLION OVER THAT. BACK TO THE CONCEPT OF, ARE THERE TAX CUTS TO PAY FOR THEMSELVESS? ABSOLUTELY. ARE THERE TAX CUTS THAT DON'T? ABSOLUTELY. AND THAT WAS ONE OF THE REALLY GUT WRENCHING PARTS OF THIS DISCUSSION. IF YOU ACTUALLY SPEND SOME TIME LOOKING AT THE GROUPS, NONPARTISAN GROUP LIKE THE TAX FOUNDATION, AND LOOK AT A LOT OF THEIR MODELING, THEY WOULD COME BACK TO US AND SAY, HEY. YOU CAN SPEND THIS MONEY ON SOMETHING THAT'S GREAT POLITICS. BUT YOU GET ALMOST NO ECONOMIC EXPANSION FROM IT. OR YOU COULD SPEND THAT SAME MONEY ON SOMETHING OVER HERE THAT TURNS OUT NOT TO BE GREAT POLITICS BUT IS REALLY GOOD FOR THE ECONOMY AND REALLY GOOD A FEW YEARS FROM NOW IN SOMEONE BEING ABLE TO FIND A JOB, SOMEONE BEING ABLE TO BE PAID MORE OR TO SAVE FOR THEIR RETIREMENT OR THEIR KIDS. HOW DO YOU GET UP IN FRONT OF THE AUDIENCE AND SAY, I KNOW WE'D LOVE TO HAVE THIS, BECAUSE THIS GETS ME RE-ELECTED. BUT FOR THAT SAME MONEY, OUR SOCIETY ECONOMICALLY WILL BE HEALTHIER, BIGGER, WEALTHIER, A FEW YEARS FROM NOW IF YOU PUT THAT MONEY IN EXPENSING. IN CERTAIN TYPES OF BUSINESS TAX CRETS. EXCUSE ME, TAX CUTS. BECAUSE THAT EXPANDS THE SIZE OF THE ECONOMY. AND THAT'S SOMETHING A LOT OF FOLKS HAVEN'T THOUGHT ABOUT AS YOU GRIND THROUGH THE TECHNICAL DETAILS OF THOUSANDS OF THOUSANDS OF PAGES OF TAX CODE IS PARTS OF THE TAX CODE ARE ABSOLUTELY AN ECONOMIC DOCUMENT. HOW DO YOU MAKE US COMPETITIVE IN THE WORLD AGAIN? HOW DO YOU MAXIMIZE ECONOMIC OPPORTUNITY FOR EVERYONE TO HAVE A GOOD PAYING JOB? BUT ALSO A TAX CODE IS A POLITICAL DOCUMENT. THESE ARE THINGS THAT ARE VERY POPULAR. THESE ARE THINGS THAT GET US ELECTED. THESE ARE THINGS THAT CERTAIN SPECIAL INTERESTS LINE UP AT OUR DOORS, WALKED AROUND THE HALLWAYS AND IF YOU ACTUALLY SAW THE HALLWAYS THE LAST FEW MONTHS, I DIDN'T KNOW THERE WERE THAT MANY LOBBYISTS IN THIS TOWN. AL ADVOCATING FOR SOMETHING FOR THEIR BUSINESS. FOR THEIR STATE. FOR THEIR COMMUNITY. FOR THIS. ALL ARE HONORABLE BUT YOU'VE GOT TO UNDERSTAND, WHEN WE PUT TOGETHER A FEW HUNDRED PAGE BILL AND GRIND THROUGH IT MONTH AFTER MONTH AFTER MONTH AND MAKE CHANGE HERE AND A CHANGE THERE AND REALIZE THE INTERACTIVITY WHEN THEY ACTUALLY MODEL IT TURNS OUT THIS IDEA BLOWS UP THIS IDEA. THERE'S A NUMBER OF HOURS THAT HAVE GONE INTO MAKING THIS MATH WORK. ARE STUNNING. AND IT'S A REALLY GOOD DOCUMENT. IS IT EVERYTHING ALL OF US WOULD WANT? NO. BEING A REPRESENTATIVE FROM ARIZONA I BELIEVE IT'S REALLY GOOD FOR MY STATE. BUT THE THING I CARE MOST ABOUT IS IT BEING GOOD FOR OUR COUNTRY. I BELIEVE THE TAX BILL THE TAX REFORM, IS FAIR TO INDIVIDUALS. IT IS SIMPLER. IT'S GOING TO ALSO DEAL WITH THE HEMORRHAGING WE HAVE OF CORPORATIONS. THESE ARE BIG CORPORATIONS. LEAVING OUR COUNTRY. HIDING THEIR PROFITS OVERSEAS AND MOVING THEIR EXPENSES TO THE UNITED STATES. IS THAT FAIR? OF COURSE IT ISN'T. BUT THAT'S WHAT THE CURRENT TAX CODE ALLOWS. SO IF YOU HEAR SOMEONE SAYING VOTE NO ON THIS BILL, IF YOU HEAR THEM SAYING WE PREFER THE STATUS QUO, UNDERSTAND WHAT THEY'RE SAYING. WE WANT TO LIVE IN A WORLD OF ABSOLUTE IMMEDIATE ROCKITY WITH ALMOST NO -- MEDIOCRITY, WITH ALMOST NO ECONOMIC GROWTH, WE'RE HAPPY HAVING IN A DECADE AND A HALF HAVING A DEBT CRISIS IN THIS COUNTRY AND WHAT THEY'RE ALSO SAYING IS, THEY'RE OK WITH THE HEMORRHAGING OF AMERICAN INDUSTRY LEAVING THIS COUNTRY BECAUSE OF THE TAX ARBITRAGE WHERE THEY CAN GET A BETTER DEAL IN OTHER PARTS OF THE WORLD THE ABSURDITY OF SOME ARGUMENTS YOU HAVE HEARD AROUND THIS BODY. SO BACK TO MY FAIRLY SNARKY COMMENT IS, WE GET THE JOKE. WE UNDERSTAND THERE'S MANY OUT THERE THAT ARE TERRIFIED OF REPUBLICANS GETTING A WIN HERE. BUT I WANT TO ARGUE THIS IS NOT A WIN FOR REPUBLICANS. THIS IS A WIN FOR OUR SOCIETY. BECAUSE WE START MOVING AWAY FROM THAT 1.8% ECONOMIC GROWTH OUR CONGRESSIONAL BUDGET PROJECTED FOR THE NEXT DECADE. WE HAVE A FIGHTING CHANCE TO FINANCIALLY KEEP OUR PROMISES, HAVE A STRONG MILITARY, TO HAVE THAT MONEY FOR OUR EDUCATION, TO HAVE THAT MONEY FOR HEALTH CARE, RESEARCH AND FOR YOU AS AN AMERICAN CITIZEN TO SEE YOUR SALARIES INCREASE. SEE YOUR ABILITY TO SAVE. AND KNOW YOU HAVE A BRIGHTER FUTURE. MR. SPEAKER, JUST AS AN IDIOSYNCRISY, OVER THE LAST COUPLE OF MONTHS I'VE BEEN KEEPING A LITTLE BIT OF A NOTEBOOK OF MANY OF THE COMMENTS THAT HAVE COME FROM MY BROTHERS AND SISTERS IN THIS BODY. SOME SUPPORTING THE TAX BILL AND MAKING CLAIMS, MANY OPPOSING THE TAX BILL AND MAKING CLAIMS. I'M GOING TO MAKE A MARK IN MY CALENDAR, ONE YEAR FROM NOW, COMING BACK BEHIND THIS MICROPHONE AND WE'RE GOING TO OPEN UP THAT JOURNAL AND WE'RE GOING TO READ WHAT WAS SAID AND HOPE THINK -- HOPEFULLY THE AMERICAN PEOPLE AT THAT TIME WILL UNDERSTAND THIS POLITICAL RHETORIC AND THIS IS ACTUALLY BASED IN MATH. AND THAT MATH I AM DESPERATELY HOPING AND DESPERATELY BELIEVING IS GOING TO BE GREAT FOR OUR COUNTRY. WITH THAT, MR. SPEAKER, I YIELD BACK.

                                      Show Full Text
                                    • 07:10:47 PM

                                      THE SPEAKER PRO TEMPORE

                                      THE GENTLEMAN YIELDS BACK. DOES THE GENTLEMAN HAVE A MOTION. SORRY --

                                    • 07:11:00 PM

                                      MR. SCHWEIKERT

                                      SORRY ABOUT THAT, MR. SPEAKER, I WOULD LIKE TO MAKE A MOTION FOR…

                                      SORRY ABOUT THAT, MR. SPEAKER, I WOULD LIKE TO MAKE A MOTION FOR ADJOURNMENT.

                                      Show Full Text
                                    • 07:11:05 PM

                                      THE SPEAKER PRO TEMPORE

                                  • 09:00:56 AM

                                    MR. BLUMENAUER

                                    MINUTES.

                                  • 09:06:07 AM

                                    THE SPEAKER PRO TEMPORE

                                    ARE WRONG. THE SPEAKER PRO TEMPORE: THE GENTLEMAN'S TIME HAS EXPIRED. THE…

                                    ARE WRONG. THE SPEAKER PRO TEMPORE: THE GENTLEMAN'S TIME HAS EXPIRED. THE CHAIR NOW RECOGNIZES THE GENTLEMAN FROM CALIFORNIA, MR. MCCLINTOCK, FOR FIVE MINUTES.

                                    Show Full Text
                                  • 09:06:14 AM

                                    MR. MCCLINTOCK

                                    MR. SPEAKER, I OPPOSED THE HOUSE VERSION OF THE TAX REFORM BILL BECAUSE…

                                    MR. SPEAKER, I OPPOSED THE HOUSE VERSION OF THE TAX REFORM BILL BECAUSE THE LOSS OF BROAD-BASED DEDUCTIONS LIKE STATE AND LOCAL DEDUCTIONS WOULD HAVE TAX INCREASES IN THE HIGH TAX, HIGH COST STATE OF CALIFORNIA. IT ACTUALLY INCREASED THE MARGINAL TAX RATE ON HIGH INCOME EARNERS AND ABOLISHED LIFELINE DEDUCTIONS SUCH AS CASUALTY LOSS, MEDICAL EXPENSES AND STUDENT INTEREST. I URGED THAT WE SHOULD LEAVE NO TAXPAYER BEHIND. WELL, I WANT TO THANK CHAIRMAN BRAIDY THE REPUBLICAN LEADERSHIP, AND THE CONFERENCE COMMITTEE FOR HEED -- BRAIDY THE REPUBLICAN LEADERSHIP, AND THE CONFERENCE COMMITTEE FOR HEEDING MY CONCERNS. ON BEHALF OF CALIFORNIA TAXPAYERS, I CAN NOW OFFER MY ENTHUSIASTIC SUPPORT. THE NEW VERSION LEAVES THE CASUALTY LOSS, MEDICAL EXPENSE AND STUDENT INTEREST DEDUCTIONS INTACT. NO FAMILY NEEDS TO FEAR BEING RUINED BY TAXES AFTER A MAJOR DISASTER OR ILLNESS, AND GRADUATES CAN CONTINUE TO PLAN THEIR LIVES KNOWING THAT INTEREST ON THEIR STUDENT LOANS WILL NOT BE TAXED. THE NEW BILL EASES THE PROPOSED LIMIT ON MORTGAGE INTEREST DEDUCTIONS AND ALLOWS UP TO $10,000 OF STATE AND LOCAL TAXES TO BE DEDUCTED, ALL IMPORTANT CHANGES FOR CALIFORNIANS. MOST IMPORTANTLY, THE LOWER TAX RATES IN THIS BILL NOW MORE THAN COMPENSATE IN ALMOST EVERY CASE FOR THE REMAINING LIMITS ON STATE AND LOCAL TAX AND MORTGAGE INTEREST DEDUCTIONS. EVEN TAXPAYERS WHO LOSE TENS OF THOUSANDS OF DOLLARS OF DEDUCTIONS WILL STILL END UP PAYING LOWER TAXES THAN THEY DO TODAY. FOR EXAMPLE, A COUPLE EARNING $60,000 WITH A $300,000 HOME AND THREE ADULT DEPENDENTS WOULD HAVE PAID $200 MORE IN TAXES UNDER THE OLD BILL, BUT UNDER THIS NEW VERSION, THEY WILL SAVE $340. A COUPLE EARNING $150,000 WITH A $750,000 HOME, THAT'S A HIGH-END TRACK HOME IN CALIFORNIA, AND ONE CHILD, WOULD HAVE PAID $1,200 MORE IN TAXES UNDER THE OLD HOUSE BILL, BUT UNDER THE NEW BILL, THAT SAME FAMILY WILL SAVE $720. THE BUSINESS TAX PROVISIONS ARE ESPECIALLY IMPORTANT BECAUSE THEY'LL RESTORE AMERICAN WORKERS TO AN INTERNATIONALLY COMPETITIVE POSITION. ACCORDING TO ECONOMISTS RANGING FROM MARTIN FELLEDSTEEN TO ARTHUR LAFFER, THIS WILL PRODUCE TRILLIONS IN ECONOMIC ACTIVITY OVER THE NEXT DECADE. THAT'S $40,000 PER HOUSEHOLD, INCLUDING $2 TRILLION OF NEW TAX REVENUES TO ALL LEVELS OF GOVERNMENT. LAST FRIDAY I TOURED AMPACK, A LOCAL COMPANY MAKING THE ACTIVE INGREDIENT IN SEVERAL CANCER AND EPILEPSY DRUGS. THEIR PRODUCT IS THEN SHIPPED TO IRELAND TO MAKE THE ACTUAL MEDICINE, SOLELY BECAUSE THE CORPORATE TAX IN THE UNITED STATES IS 35% AND IN IRELAND IT'S JUST 12.5%. THEIR C.E.O., ASLIN, TOLD ME IF THEY GAVE THEIR PRODUCT FOR FREE THEIR FINAL MEDICINE COULD NOT BE COMPETITIVELY MANUFACTURED IN THE UNITED STATES SOLELY BECAUSE OF OUR TAXES. HE EXPECTS THEIR LOCAL COMPANY WILL GROW DRAMATICALLY BECAUSE OF THIS TAX REFORM, EMPLOYING HUNDREDS MORE FAMILIES BOTH DIRECTLY AND INDIRECTLY AS THEY EXPAND EVERYTHING FROM PAYROLL TO INFRASTRUCTURE. YOU SEE, THAT'S WHAT THE MARXISTS JUST DON'T UNDERSTAND. BUSINESSES DON'T PAY BUSINESS TAXES. BUSINESSES COLLECT THEM FROM JUST THREE SOURCES. FROM CONSUMERS, THROUGH HIGHER PRICES, FROM EMPLOYEES THROUGH LOWER WAGES AND FROM INVESTORS THROUGH LOWER EARNINGS. USUALLY PENSION PLANS AND I.R.A.'S. WE HAVE THE HIGHEST CORPORATE TAX RATE IN THE INDUSTRIALIZED WORLD AND COMMERCE AND CAPITAL SIMPLY MOVE AROUND IT, LEAVING OUR WORKERS BEHIND. THAT'S ONE OF THE REASONS WE AVERAGE JUST 1.5% ECONOMIC GROWTH UNDER OBAMA, WORSE THAN ANY PRESIDENT SINCE HERBERT HOOVER, AND WE LOST AN ENTIRE DECADE OF PROSPERITY. THE MARXISTS TELL US IT'S JUST TRICKLED DOWN ECONOMICS AND IT'S NEVER WORKED. IN FACT, IT'S ALWAYS WORKED. IT WORKED WHEN WARREN HARDING DID IT IN THE 1920 EARKS WHEN JOHN F. KENNEDY DID IT IN THE 1960'S, WHEN RONALD REAGAN DID IT IN THE 1980'S AND LES WE FORGET IT, WHEN BILL CLINTON APPROVED THE BIGGEST CAPITAL GAINS TAX CUT IN AMERICAN HISTORY. CONCERNS OVER THE DEFICIT ARE LEGITIMATE AND MUST BE ADDRESSED BY SPENDING REFORMS IN THE COMING YEAR. WE MUST ALWAYS REMEMBER THAT TAXES AND DEBT ARE DRIVEN BY JUST ONE THING -- SPENDING. THE PROOF OF THESE POLICIES WILL MANIFEST ITSELF OVER THE COMING YEAR AND EVERY AMERICAN WILL BE ABLE TO DECIDE FOR THEMSELVES IF THIS HAS MADE THEM BETTER OFF. I THINK THAT'S WHY THE LEFT HAS PULLED OUT ALL THE STOPS TO DEFEAT IT. THEIR ARGUMENTS ARE EXACTLY THE SAME, ECONOMICALLY ILLIT RATE ATTACKS FILLED WITH CLASS ENVY THEY MADE AGAINST REAGAN. WHEN THE AMERICAN PEOPLE AWAKEN ONE DAY TO FIND OUT IT WAS MORNING AGAIN IN AMERICA, THE LEFT WAS DISCREDITED FOR A GENERATION. LET HISTORY REPEAT ITSELF BEGINNING TODAY WITH THIS VOTE. I YIELD BACK.

                                    Show Full Text
                                  • 09:11:47 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN YIELDS BACK. THE CHAIR RECOGNIZES THE GENTLEMAN FROM RHODE…

                                    THE GENTLEMAN YIELDS BACK. THE CHAIR RECOGNIZES THE GENTLEMAN FROM RHODE ISLAND, MR. CICILLINE, FOR FIVE MINUTES.

                                    Show Full Text
                                  • 09:11:54 AM

                                    MR. CICILLINE

                                    THANK YOU, MR. SPEAKER. WITH LITTLE HELP FROM DR. SEUSS, I'D LIKE TO SHARE…

                                    THANK YOU, MR. SPEAKER. WITH LITTLE HELP FROM DR. SEUSS, I'D LIKE TO SHARE THE STORY HOW THE GRINCH STOLE MIDDLE CLASS TAX CUTS. EVERY MIDDLE CLASS FAMILY WANTED TAX CUTS. THE GRINCH DIDN'T LIKE THEM. HE WANTED THE WHOLE TAX CODE UNEVEN. NOW, PLEASE DON'T ASK WHY, NO ONE KNOWS QUITE THE REASON. IT WAS HIS HEAD WAS SCREWED ON TOO TIGHT. I THINK THE LIKELY REASON OF ALL IS HIS HEART OR HANDS WERE TWO SIZES TOO SMALL. WHATEVER HIS REASON, HE STOOD ON CHRISTMAS EVE PLANNING WORKERS' DEMISE. STARING OUT FROM HIS OFFICE WITH A SOUR GRINCHY FROWN, AT THE WORKERS' WARM LIGHTED WINDOW BELOW IN THEIR TOWN. TOMORROW IS CHRISTMAS, IT'S PRACTICALLY HERE, HE SAID FROM HIS OFFICE WITH A TERRIBLE SNEER. WHY FOR 71 YEARS I PUT UP WITH IT NOW, I MUST STOP THESE MIDDLE CLASS TAX CUTS BUT HOW? THEN HE GOT AN IDEA, AN AWFUL IDEA. THE GRINCH GOT A TERRIBLE, AWFUL IDEA. I KNOW JUST WHAT TO DO, THE GRINCH THOUGHT WITH A PAUSE. WITH HIS COAT AND HIS HAT I LOOK LIKE SANTA CLAUS. THEN HE LOADED SOME EMPTY BAGS ON HIS PLANE AND HE TOOK OFF TO CAUSE SOME MEAN GRINCHY PAIN. WHILE WORKING FAMILIES DREAMED OF SWEET TAX CUTS WITHOUT CARE, THE GRINCH CAME TO THE FIRST LITTLE HOUSE ON A SQUARE. THIS IS STOP NUMBER ONE, THE OLD GRINCH CLAUS HISS, AND HE WENT TO THE ROOF. THEN HE SLIPPED DOWN THE CHEM KNEE AND HE STOOK HIS HEAD OUT OF THE SMALL FIREPLACE WHERE UHLE THE TAX DEDUCTIONS HUNG IN A ROW. THESE DEDUCTIONS, HE GRINNED, ARE THE FIRST THINGS TO GO. PERSONAL EXEMPTIONS, STATE AND LOCAL TAXES TOO I'LL TAKE ALMOST EVERY DEDUCTION AWAY FROM YOU. THEN HE SLUNG TO THE TAX BRACKETS, THE CORPORATE TAX CUTS WERE HUGE. WHY THAT GRINCH EVEN TOOK THE ARCTIC WILDLIFE REFUGE. AND NOW WITH THE GRINCH WITH HIS SACKS IN A NET, I'LL STACK THE DEFICIT WITH $1 TRILLION IN DEBT. THEN HE HEARD A SMALL SOUND, A CHILD SOFT CRY, WHY ARE YOU TAKING OUR DEDUCTIONS, GRINCH, WHY? YOU KNOW THAT GRINCH WAS SO SMART AND SO SLICK THAT HE THOUGHT UP A FIB AND HE THOUGHT IT UP QUICK. WHY, MY SWEET LITTLE TO THE, THE GRINCH SAID ON A -- TOT, THE GRINCH SAID, I'M TAKING MOST YOUR DE-DUXES AWAY, TO HELP -- DEDUCTIONS AWAY, TO HELP ME. WE'LL MAKE THEM MORE WEALTHY BUT IT WILL ALL TRICKLE DOWN. THIS FIB FOOLED THE CHILD AND HE PATTED HER HEAD. THEN HE GOT HER A TAX POSTCARD AND SENT HER TO BED. HE WENT TO THE CHIMNEY AND SHOVED THE DEFICIT UP. HEALTH CARE FOR 13 MILLION WAS THE LAST THING HE TOOK. THEN HE SLITHERED AWAY WITHOUT ANOTHER LOOK. IN THEIR HOMES HE LEFT NOTHING BUT DEBT AND DESPAIR. WHILE GIVING OUT HANDOUTS TO CORPORATIONS THE GRINCH DIDN'T CARE. AND ONE DEDUCTION THAT HE EXTOLLED WAS EVEN TO SMALL SINGLE HOUSEHOLD. HE RODE WITH HIS LOAD OF DEDUCTIONS FOR DUMPING, POO-POO TO THE MIDDLE CLASS. THEY'RE JUST WAKING UP. I KNOW WHAT THEY'LL DO. THEIR MOUTHS WILL HANG OPEN A MINUTE OR TWO. AND THEY'LL CRY BOO-HOO. HE PAUSED, AND THE GRINCH PUT HIS HAND TO HIS EAR AND HE DID HEAR A SOUND RISING OVER THE SNOW. IT STARTED IN LOW AND STARTED TO GROW. HE STARED DOWN A GAST, THE GRINCH POPPED HIS EYES AND HE SHOOK. WHAT HE SAW WAS A SHOCKING SURPRISE. EVERY AMERICAN, TALL AND THE SMALL, LOUDLY DEMANDING TAX CUTS FOR ALL. WE WANT OUR DEDUCTIONS AND A BETTER DEAL. NOT TAX CUTS FOR CORPORATIONS WHILE YOU CUT MEALS ON WHEELS. AND THE GRINCH WITH HIS SMALL HANDS ICE COLD IN THE SNOW STOOD PUZZLING, HOW COULD IT BE SO. AM I A FOOL? WITHOUT ALL THOSE DEDUCTIONS, COULD THIS DESIGNATION BE STRONG? THE GRINCH THOUGHT OF SOMETHING HE TWEETED BEFORE. MAYBE TAX CUTS SHOULD HELP MORE THAN JUST CORPORATIONS. MAYBE THIS CHRISTMAS I CAN HELP THE WHOLE NATION. AMERICA'S MIDDLE CLASS IS WHAT MADE IT THRIVE. THEY NEED THESE DEDUCTIONS IF THEY ARE TO SURVIVE. WELL, WE ALL KNOW HOW THE REAL STORY ENDS. THE GRINCH FINDS HIS HEART AND MAKES AMENDS. NOW, WE KNOW THIS TAX BILL WON'T END WITH SUCH GLEE BECAUSE THE PRESIDENT AND CORPORATE LOBBYISTS CONTROL THE G.O.P. THIS CHRISTMAS FAMILIES WILL GET COAL IN THEIR STOCKINGS THANKS TO PRESIDENT TRUMP, THE FINAL RESULT WILL BE SHOCKING. .

                                    Show Full Text
                                  • 09:16:36 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE CHAIR RECOGNIZES…

                                    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE CHAIR RECOGNIZES THE GENTLELADY FROM INDIANA, MRS. BROOKS, FOR FIVE MINUTES.

                                    Show Full Text
                                  • 09:16:42 AM

                                    MRS. BROOKS

                                    THANK YOU, MR. SPEAKER. OVER THE PAST 31 YEARS OUR TAX CODE HAS BECOME…

                                    THANK YOU, MR. SPEAKER. OVER THE PAST 31 YEARS OUR TAX CODE HAS BECOME BROKEN. AS OUR TAX CODE IS CURRENTLY WRITTEN, I HAVE BEEN TOLD BY MANY THAT IT FAILS TO SUPPORT FAMILIES ACROSS THE COUNTRY WITH THE RESOURCES THEY NEED IN ORDER TO PROPERLY PLAN FOR THEIR FUTURES. OUR TAX CODE HAS LEFT THOSE WHO ARE STRUGGLING TO MAKE ENDS MEET BEHIND AND THAT IS UNACCEPTABLE. TODAY IS A HISTORIC DAY BECAUSE THAT IS ALL ABOUT TO CHANGE. WE HAVE HEARD YOU. TODAY WE WILL VOTE ON COMPREHENSIVE TAX REFORM. DURING CONSIDERATION OF H.R. 1, ANDREW FROM INDIANAPOLIS CONTACTED ME ASKING THAT WE CRAFT A TAX PLAN THAT HELPS THE MIDDLE CLASS. THE TAX CUTS AND JOBS ACT BILL DOES JUST THAT. THANKS TO THE REDUCED PERSONAL TAX RATES, THIS BILL PROVIDES, THE AVERAGE FAMILY OF FOUR EARNING $73,000 WILL PAY $2,000 LESS IN FEDERAL TAXES. WE HEARD YOU, ANDREW. A SINGLE MOTHER EARNING $40,000 WILL SEE $1,300 MORE IN HER PAYCHECK. THOSE SAVINGS REPRESENT THE ABILITY FOR PARENTS TO SAVE FOR OPPORTUNITIES, FUTURE EDUCATION COSTS FOR THEIR KIDS, RETIREMENT SAVINGS, OR UNEXPECTED TIMES WHEN AN EMERGENCY FUND IS NEEDED TO COVER UNPLANNED COSTS. I HEARD LOUD AND CLEAR FROM A LOT OF PEOPLE IN THE FIFTH DISTRICT, STUDENTS AND PARENTS, ABOUT THE IMPORTANCE OF PROTECTING GRADUATE STUDENT TUITION EXEMPTION. TO ENSURE WE CONTINUE TO SUPPORT HARDWORKING STUDENTS PURSUING THEIR CAREER GOALS, THIS BILL CONTINUES THOSE EXEMPTIONS. WE HEARD YOU. DEBORAH FROM ANDERSON CALLED MY OFFICE ASKING THAT WE PRESERVE THE MORTGAGE INTEREST DEDUCTION. THIS BILL DOES THAT. IT MAKES NO CHANGES TO DEDUCTIONS FOR CURRENT MORTGAGES. AND IT KEEPS THE DEDUCTION IN PLACE FOR NEW MORTGAGES UP TO $750,000. I HEARD YOU, DEBORAH. I WAS ALSO CONTACTED BY A YOUNG MARRIED COUPLE IN MY DISTRICT WHO SAID THANKS TO THIS BILL THEY HAVE KEEPS THE DONE THE CALCULATIONS AND THEY THINK THEY ARE GOING TO RECEIVE A $5,000 TAX CUT. AND THEY'LL USE THAT MONEY TO BOOST THEIR SAVINGS SO THEY CAN BUY THEIR FIRST HOME SOONER THAN THEY EXPECTED. I HEARD YOU. PROVIDING OUR FRIENDS, NEIGHBORS, COLLEAGUES, AND LOVED ONES THE FREEDOM TO PURSUE THEIR DREAMS LIKE BUYING A FIRST HOME OR SAVING FOR COLLEGE IS WHAT ALLOWS OUR SOCIETY TO IMPROVE AND BETTER ITSELF. I ENCOURAGE MY COLLEAGUES TO ALSO LISTEN TO THE AMERICAN PEOPLE AND TO SHOW THAT WE HAVE HEARD THEM AND SUPPORT THIS BILL BECAUSE I BELIEVE IT WILL HELP PROVIDE SECURITY FOR FAMILIES ACROSS THE NATION AND IT WILL HELP TURN THEIR DREAMS INTO THEIR NEW REALITY. THANK YOU. I YIELD BACK.

                                    Show Full Text
                                  • 09:19:40 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY YIELDS BACK HER TIME. THE CHAIR NOW RECOGNIZES THE…

                                    THE GENTLELADY YIELDS BACK HER TIME. THE CHAIR NOW RECOGNIZES THE GENTLEWOMAN FROM NEW YORK, BELIEVE IT WILL HELP PROVIDE SECURITY FOR FAMILIES ACROSS THE NATION AND MS. VELAZQUEZ, FOR FIVE MINUTES.

                                    Show Full Text
                                  • 09:19:47 AM

                                    MS. VELAZQUEZ

                                    THANK YOU. THANK YOU, MR. SPEAKER. MR. SPEAKER, I RISE IN OPPOSITION TO…

                                    THANK YOU. THANK YOU, MR. SPEAKER. MR. SPEAKER, I RISE IN OPPOSITION TO THIS TAX SCAM BILL. NOT ONLY WILL IT HARM WORKING FAMILIES ACROSS THE NATION, BUT IT WILL VISIT ANOTHER HURRICANE ON PUERTO RICO, AN ECONOMIC HURRICANE. TODAY PUERTO RICO IS IN THE GRIP OF A HUMANITARIAN CRISIS. MORE THAN 235,000 OF ITS PEOPLE HAVE ALREADY FLED THE ISLAND FOR THE MAIN LAND. AFTER MARIA, MANY OF MY COLLEAGUES FROM SPEAKER RYAN TO LEADER MCCARTHY, WENT TO PUERTO RICO AND PROMISED THEY WILL ASSIST THE ISLAND. HELP THEM RECOVER. INSTEAD WHAT ARE THEY DOING IS FINDING A WAY TO FURTHER DRIVE PUERTO RICO'S ECONOMY INTO THE GROUND. EVEN THOUGH IT IS PART OF THE UNITED STATES, REMEMBER, SINCE 1898, WHEN MILITARY FORCES INVADED PUERTO RICO, THIS BILL TREATS PUERTO RICO AS A FOREIGN JURISDICTION. LEFF HAVE IING NEW TAXES ON -- LEVYING NEW TAXES ON COMPANIES THERE. LET'S BE CLEAR, PUERTO RICANS ARE AMERICAN CITIZENS. THEY FIGHT IN OUR WARS. MANY OF THEM LAY DOWN THEIR LIVES FOR OUR FREEDOMS. YET THIS BILL CONTINUES TREATING PUERTO RICO DIFFERENTLY THAN THE REST OF THE UNITED STATES. FOR DECADES, DECISIONS MADE RIGHT HERE IN THIS BODY HOLLOW OUT WEAKENED AND UNDERMINE PUERTO RICO'S ECONOMY. THIS TAX BILL CONTINUE THAT IS AWFUL TRADITION. UNDERCUTTING PUERTO RICO'S ECONOMY ONCE MORE. ALL TOLD, THIS TAX PROVISION WILL COST PUERTO RICO MORE THAN 200,000 JOBS AT EXACTLY THE TIME WHEN THE ISLAND NEEDS ALL THE HELP IT CAN GET. WHILE THIS TAX SCAM WILL HURT PUERTO RICO, IT ALSO DOES NOTHING TO HELP. WHILE THEY HAVE TALKED OF IT, THERE IS NOTHING TO EXPAND THE CHILD TAX CREDIT FOR PUERTO RICO. THEY ELIMINATED THE MEAGER EXTENSION OF THE SECTION 199 AND PROVISIONS CONTAINED IN THE HOUSE VERSION. THE SPEAKER OF THE HOUSE AND THE REPUBLICAN LEADER WENT TO PUERTO RICO. THEY LOOKED THE PEOPLE OF PUERTO RICO IN THE EYE AND MADE PROMISES TO HELP THEM. THAT IS HOW YOU HELP PUERTO RICO? WHAT WE'RE SEEING IS THAT THEIR TAX BILL WILL SIMPLY CRUSH PUERTO RICO'S ECONOMY. MR. SPEAKER, THIS BILL IS MORALLY BANKRUPT. IT HARMS AMERICAN CITIZENS EVERYWHERE, AND IT KICKS PUERTO RICO WHEN IT IS DOWN. IT MUST BE REJECTED. I YIELD BACK. VOTE NO.

                                    Show Full Text
                                  • 09:23:12 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY YIELDS BACK HER TIME. THE CHAIR RECOGNIZES THE GENTLELADY…

                                    THE GENTLELADY YIELDS BACK HER TIME. THE CHAIR RECOGNIZES THE GENTLELADY FROM FLORIDA, MS. ROS-LEHTINEN, FOR FIVE MINUTES.

                                    Show Full Text
                                  • 09:23:20 AM

                                    MS. ROS-LEHTINEN

                                    THANK YOU SO MUCH, MR. SPEAKER. AND I'M PROUD TO RISE TODAY TO CELEBRATE…

                                    THANK YOU SO MUCH, MR. SPEAKER. AND I'M PROUD TO RISE TODAY TO CELEBRATE THE 100TH ANNIVERSARY OF JACKSON HEALTH SYSTEMS. JACKSON MEMORIAL HOSPITAL FIRST OPENED ITS DOORS IN SOUTH FLORIDA A CENTURY AGO AS A 13 BED COMMUNITY HOSPITAL. IN THE YEARS SINCE, JACKSON HAS GROWN TO BECOME ONE OF THE NATION'S LARGEST AND MOST RENOWNED PUBLIC HOSPITAL SYSTEMS. BUT THROUGHOUT THE MANY PERIODS OF GROWTH AND EXPANSION, CELEBRATE THE 100TH ANNIVERSARY OF JACKSON HEALTH JACKSON HAS REMAINED TRUE TO ITS CORE MISSION. TO BUILD AND IMPROVE THE HEALTH OF OUR COMMUNITY BY PROVIDING THE BEST POSSIBLE CARE FOR MIAMI'S RESIDENTS. MR. SPEAKER, BY CARING FOR THOSE MOST IN NEED, JACKSON HEALTH SYSTEMS HAS CREATED A SOLID FOUNDATION THAT HAS EMPOWERED OUR FAMILIES TO THRIVE. CONGRATULATIONS GO TO THEIR LEADER, CARLOS, AND ALL OF THE STAFF OF JACKSON HEALTH SYSTEMS ON A CENTURY OF EXCELLENCE AND CARE TO OUR COMMUNITY. THANK YOU FOR CONTINUING TO SERVE AS STEWARDS OF JACKSON'S LEGACY AND FOR CONTINUING TO USE HEALTH CARE TO IMPROVE PEOPLE'S LIVES AND TO HELP SHAPE THEIR BRIGHT FUTURES. THANK YOU, MR. SPEAKER. I YIELD BACK.

                                    Show Full Text
                                  • 09:24:46 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY YIELDS BACK. THE CHAIR RECOGNIZES THE GENTLEMAN FROM…

                                    THE GENTLELADY YIELDS BACK. THE CHAIR RECOGNIZES THE GENTLEMAN FROM PENNSYLVANIA, MR. THOMPSON, FOR FIVE MINUTES.

                                    Show Full Text
                                  • 09:24:56 AM

                                    MR. THOMPSON

                                    THANK YOU, MR. SPEAKER. MR. SPEAKER, I RISE TODAY TO HONOR DIANNE WHITAKER…

                                    THANK YOU, MR. SPEAKER. MR. SPEAKER, I RISE TODAY TO HONOR DIANNE WHITAKER AS SHE RETIRES FROM THE CLINTON COUNTY LIBRARY SYSTEM AFTER SERVING 31 YEARS AND 31 DAYS. AS EXECUTIVE DIRECTOR OF THE ROSS LIBRARY IN LOCK HAVEN, PENNSYLVANIA. IN THE LIBRARY'S 107 YEARS OF SERVING 31 YEARS AND 31 DAYS. AS EXECUTIVE EXISTENCE, SHE'S JUST THE SEVENTH DIRECTOR BUT THE LONGEST SERVING IN ITS HISTORY. THE ROSS LIBRARY BOARD OF TRUSTEES RECENTLY HOSTED A CELEBRATION FOR MISS WHITAKER. THEY ALSO REVEALED THE NEWLY NAMED GENEALOGY COLLECTION ON A PLAQUE IN HER HONOR. OVER THE YEARS SHE'S OVERSEEN NUMEROUS PROJEANINGTS OFFERED GRANT APPLICATION THAT IS HAVE HELPED LOCAL LIBRARIES WITH MUCH NEEDED FUNDING. SHE WAS RAISED IN CLEARFIELD COUNTY AND HOLDS A BACHELOR'S DEGREE IN SECONDARY EDUCATION FROM LOCK HAVEN UNIVERSITY. SHE EARNED A MASTERS UNIVERSITY FROM CLARION UNIVERSITY. SHE'S BEEN A CAREER LIBRARIAN FOR MORE THAN FOUR DECADES, WORKING AS A CHILDREN'S COORDINATOR, BRANCH LIBRARIAN AND OTHERS. SHE AND HER HUSBAND LIVES IN BEACH CREEK. THEY ALL RESIDE IN CLINTON. I THANK HER FOR ALL HER CONTRIBUTIONS TO ROSS LIBRARY AND THE ENTIRE CLINTON COUNTY LIBRARY SYSTEM. THE COMMUNITY IS A CLINTON. I BETTER PLACE THANKS TO HER EFFORTS. SHE PLANS TO VISIT STATE AND NATIONAL PARKS IN RETIREMENT WHICH I THINK IS AN OUTSTANDING PLAN. MR. SPEAKER, FOR NEARLY 20 YEARS MICHAEL HAS GIVEN HIS LEADERSHIP TO OIL CREEK TOWNSHIP AS SUPERVISOR CHAIRMAN. LAST WEEK HE OVERSAW HIS FINAL MEETING AS SUPERVISOR AND WILL RETIRE AT THE END OF THE YEAR. MR. COLBERT FIRST SERVED AS SUPERVISOR IN 199 TO FILL A VACANCY BUT STEPPED DOWN NEXT YEAR. HE WOULD RUN AGAIN IN 1999, WIN THE SEAT, AND OFFICIALLY SWORN IN JANUARY OF 2000. FOR NEARLY 20 YEARS AT THE HELM, HE OVERSAW NUMEROUS PROJECTS BUT TOLD THE TITUSVILLE HERALD THAT HIS PROUDEST ACHIEVEMENT WAS HELPING PAVE THE WAY FOR WAL-MART TO OPEN A STORE IN THE TOWNSHIP. IN HIS WELL DESERVED TIRMENTE, HE SAYS HE PLANS TO -- RETIREMENT HE SAYS HE PLANS TO VACATION IN FLORIDA FOR A FEW WEEKS. I THANK HIM FOR HIS DEDICATION TO OIL CREEK TOWNSHIP AS CHAIRMAN. HE'S GIVEN NEARLY 20 YEARS OF HIS TIME AND ENERGY TO HIS NEIGHBORS AND COMMUNITY. FOR THAT WE'RE GRATEFUL. WISH HIM THE BEST IN RETIREMENT. THANK YOU. MR. SPEAKER, I YIELD BACK THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 09:27:36 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE CHAIR RECOGNIZES…

                                    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE CHAIR RECOGNIZES THE GENTLEMAN FROM PENNSYLVANIA, MR. FITZPATRICK, FOR FIVE MINUTES.

                                    Show Full Text
                                  • 09:27:50 AM

                                    MR. FITZPATRICK

                                    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE CHAIR MR. SPEAKER,…

                                    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE CHAIR MR. SPEAKER, I RISE TODAY TO RECOGNIZE THE IMPORTANT WORK THAT PEARL S. BUCK INTERNATIONAL IS DOING IN OUR COMMUNITY IN BUCKS COUNTY. PEARL S. BUCK WAS THE FIRST WOMAN TO RECEIVE BOTH THE PULITZER AND NOBEL PRIZE FOR LITERATURE. SHE SPENT DECADES OF HER LIFE IN CHINA, IMMERSING HERSELF IN ITS CULTURE AND HISTORY. WITH HER REMAINING TIME LIVING IN BUCKS COUNTY, PENNSYLVANIA. THE FOUNDATION CONTINUES HER WORK PROVIDING OPPORTUNITIES TO EXPLORE AND APPRECIATE OTHER CULTURES AND BUILDING BETTER LIVES FOR CHILDREN AROUND THE GLOBE. THEIR WORK ON PROJECTS LIKE THE BACKYARD GARDENING PROJECT IN THE PHILIPPINES, LIFE SKILLS EDUCATION FOR CHILDREN LIVING IN VIETNAMESE ORPHANAGES, AND THE CLEAN DRINKING WATER AND SANITATION PROJECT HAS INCREASED HUMANITARIAN AID FOR PEOPLE ACROSS THE WORLD. THIS ORGANIZATION SCHOOL OUTREACH PROGRAM AND HIGH SCHOOL LEADERSHIP PROGRAM, WHICH EQUIPS STUDENTS COMMITTED TO MAKING LIFELONG CONTRIBUTIONS WITHIN THE COMMUNITY WITH EFFECTIVE LEADERSHIP SKILLS HAVE MADE A POSITIVE AND LONG LASTING IMPACT IN OUR DISTRICT. WE'RE SO THANKFUL FOR AND STAND IN FULL SUPPORT OF THE WORK PEARL S. BUCK INTERNATIONAL DOES IN OUR COMMUNITY AND AROUND THE GLOBE. MR. SPEAKER, THIS DECEMBER OVER 50 STUDENTS AT BENJAMIN RUSS ELEMENTARY SCHOOL IN BUCKS COUNTY WERE RECOGNIZED FOR THEIR COMPLETION OF THE DRUG ABUSE RESISTANCE EDUCATION PROGRAM. THIS TRAINING MORE COMMONLY KNOWN AS DARE TEACHES YOUNG STUDENTS BASIC SKILLS FOR RESPONSIBLE DECISIONMAKING. I WOULD LIKE TO THANK THE OFFICERS OF THE TOWNSHIP POLICE DEPARTMENT FOR THEIR WORK WITH BENJAMIN RUSH AND THEIR COMMITMENT TO EDUCATING YOUNG CITIZENS IN OUR DISTRICT. IN THE CASE OF A GROWING OPIOID CRISIS, IT IS VITAL THAT STUDENTS LEARN ABOUT THE CONSEQUENCES OF DRUG ABUSE. MR. SPEAKER, AS AN E.M.T. AND VICE CHAIR OF THE BIPARTISAN HEROIN TASK FORCE, I APPLAUD THE EFFORTS OF EDUCATIONAL PROGRAMS LIKE THESE AND ALL THOSE WHO SEEK TO LEARN FROM THEM. EDUCATING THE YOUNG PEOPLE IN OUR COMMUNITIES ABOUT THE POTENTIAL DANGERS OF DRUG ABUSE IS ABSOLUTELY CRUCIAL. AND IT IS MY HOPE THAT THEY WILL USE THE TOOLS THAT THEY HAVE LEARNED TO LEAD SAFER AND HEALTHIER LIVES AND TO BECOME LEADERS IN THE LOWER BUCKS COUNTY COMMUNITY. . MR. SPEAKER, THIS DECEMBER GROUND WAS BROKEN AT THE WASHINGTON CROSSING NATIONAL CEMETERY FOR THE CREATION OF A NEW GOLD STAR FAMILIES MEMORIAL MONUMENT. THESE MONUMENTS ARE ERECTED ACROSS THIS COUNTRY TO RECOGNIZE U.S. MILITARY MEMBERS WHO HAVE LAID DOWN THEIR LIVES AND THEIR FAMILY MEMBERS WHO HAVE SUFFERED ALONGSIDE OF THEM. AMONG THOSE PRESENT FOR THE GROUNDBREAKING WAS HER SHALL "WOODY" -- HERSHAL "WOODY" WILLIAMS. HE WAS PART OF THE BATTLE OF IWO JIMA. IT WAS THE HELP OF HIM THAT MADE THIS MONUMENT POSSIBLE. THESE STORIES INCLUDING ABOUT HOMELAND, SACRIFICE. A CUTOUT REPRESENTS A LOVED ONE. MR. SPEAKER, WE CAN NEVER FORGET THOSE WHO PAID THE ULTIMATE PRICE TO SECURE OUR FREEDOMS, NOR CAN WE FORGET THE FAMILIES THAT SUPPORTED THEM IN THEIR ENDEAVORS. WE ARE SO PROUD TO HAVE A GOLD STAR FAMILIES MEMORIAL MONUMENT IN OUR DISTRICT. MR. SPEAKER, I YIELD BACK.

                                    Show Full Text
                                  • 09:31:46 AM

                                    THE SPEAKER PRO TEMPORE

                                  • 09:59:51 AM

                                    CALLER

                                    ONLINE AT C-SPAN.ORG. THE HOUSE IS GAVELLING

                                  • 09:59:55 AM

                                    >>

                                    ONLINE AT C-SPAN.ORG. THE HOUSE IS GAVELLING IN NEXT. TAKE UP TAX REFORM…

                                    ONLINE AT C-SPAN.ORG. THE HOUSE IS GAVELLING IN NEXT. TAKE UP TAX REFORM BEGINNING WITH RULE DEBATE AND EXPECT FINAL PASSAGE EARLY AFTERNOON, LIVE COVERAGE OF THE HOUSE FLOOR ON C-SPAN. CONROY.

                                    Show Full Text
                                  • 10:00:57 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE CHAIR HAS EXAMINED THE JOURNAL OF THE LAST DAY'S PROCEEDINGS AND…

                                    THE CHAIR HAS EXAMINED THE JOURNAL OF THE LAST DAY'S PROCEEDINGS AND ANNOUNCES TO THE HOUSE HIS APPROVAL THEREOF. PURSUANT TO CLAUSE 1 OF RULE 1 THE JOURNAL STANDS APPROVED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA SEEK RECOGNITION?

                                    Show Full Text
                                  • 10:01:11 AM

                                    MR. THOMPSON

                                    MR. SPEAKER, CLAUSE 1, RULE 1, I DEMAND A VOTE ON AGREEING TO THE…

                                    MR. SPEAKER, CLAUSE 1, RULE 1, I DEMAND A VOTE ON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL.

                                    Show Full Text
                                  • 10:01:16 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE QUESTION IS ON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL.…

                                    THE QUESTION IS ON AGREEING TO THE SPEAKER'S APPROVAL OF THE JOURNAL. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT. THE JOURNAL STANDS APPROVED. THE GENTLEMAN FROM PENNSYLVANIA.

                                    Show Full Text
                                  • 10:01:25 AM

                                    MR. THOMPSON

                                    MR. SPEAKER, I OBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT…

                                    MR. SPEAKER, I OBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT PRESENT AND I MAKE A POINT OF ORDER THAT A QUORUM IS NOT PRESENT.

                                    Show Full Text
                                  • 10:01:31 AM

                                    TEMPORE PURSUANT

                                    PURSUANT TO CLAUSE 8 OF RULE 20, FURTHER PROCEEDINGS ON THIS QUESTION WILL…

                                    PURSUANT TO CLAUSE 8 OF RULE 20, FURTHER PROCEEDINGS ON THIS QUESTION WILL BE POSTPONED. THE PLEDGE OF ALLEGIANCE WILL BE LED BY THE GENTLELADY FROM ILLINOIS, MS. KELLY.

                                    Show Full Text
                                  • 10:01:41 AM

                                    MS. KELLY

                                    I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE…

                                    I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

                                    Show Full Text
                                  • 10:01:55 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE CHAIR WILL ENTERTAIN UP TO 15 REQUESTS FOR ONE-MINUTE SPEECHES ON EACH…

                                    THE CHAIR WILL ENTERTAIN UP TO 15 REQUESTS FOR ONE-MINUTE SPEECHES ON EACH SIDE OF THE AISLE. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA SEEK RECOGNITION?

                                    Show Full Text
                                  • 10:02:05 AM

                                    MR. THOMPSON

                                    MR. SPEAKER, REQUEST UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE…

                                    MR. SPEAKER, REQUEST UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

                                    Show Full Text
                                  • 10:02:11 AM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE…

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:02:12 AM

                                    TEMPORE WITHOUT

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE…

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:02:14 AM

                                    MR. THOMPSON

                                    MR. SPEAKER, I RISE TODAY IN SUPPORT OF THE CONFERENCE REPORT TO ACCOMPANY…

                                    MR. SPEAKER, I RISE TODAY IN SUPPORT OF THE CONFERENCE REPORT TO ACCOMPANY H.R. 1, THE TAX CUTS AND JOBS ACT. FOR THE FIRST TIME SINCE 1986 THERE IS A REAL OPPORTUNITY TO CHALLENGE THE STATUS QUO AND SIMPLIFY THE TAX CODE. THE FINAL AGREEMENT LOWERS RATES AND SIGNIFICANTLY INCREASES THE STANDARD DEDUCTION FOR BOTH INDIVIDUALS AND JOINT FILERS. AMERICAN FAMILIES WILL SEE THE CHILD TAX CREDIT EXPAND TO HELP PARENTS WITH THE COST OF RAISING CHILDREN. IMPORTANTLY, THE GRADUATE TUITION VOUCHER EXEMPTION AND STUDENT LOAN DEDUCTION HAVE REMAINED TO ENSURE OUR COMMITMENT OF OPPORTUNITY THROUGH EDUCATION. I AND MANY OF MY COLLEAGUES URGED THE CONFERENCE COMMITTEE TO KEEP THESE IMPORTANT PROVISIONS INTACT. H.R. 1 ELIMINATES OBAMACARE'S INDIVIDUAL MANDATE PENALTY TAX TO ALLOW AMERICANS THE FLEXIBILITY TO BUY HEALTH CARE THAT'S RIGHT FOR THEM. JOB CREATORS WILL SEE THE CORPORATE TAX RATE LOWERED TO 21% ON JANUARY 1, 2018, WHICH IS THE LARGEST REDUCTION IN OUR NATION'S HISTORY. MR. SPEAKER, THIS IS JUST SOME OF WHAT THIS ONCE IN A GENERATION PROPOSAL DOES TO HELP AMERICA TO KEEP MORE OF THEIR HARD-EARNED PAYCHECKS. I ENCOURAGE MY COLLEAGUES TO JOIN ME IN VOTING FOR H.R. 1. THANK YOU, MR. SPEAKER. I YIELD BACK THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 10:03:27 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLELADY FROM ILLINOIS SEEK RECOGNITION?…

                                    FOR WHAT PURPOSE DOES THE GENTLELADY FROM ILLINOIS SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLELADY FROM ILLINOIS IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:03:34 AM

                                    MS. KELLY

                                    THANK YOU, MR. SPEAKER. I RISE TODAY BECAUSE THE MAJORITY IS WORKING TO…

                                    THANK YOU, MR. SPEAKER. I RISE TODAY BECAUSE THE MAJORITY IS WORKING TO PASS A TAX SCAM THAT WILL RAISE TAXES ON MY CONSTITUENTS. FOR NEARLY A YEAR REPUBLICANS HAVE PROMISED TAX REFORM THAT BENEFITS MIDDLE CLASS FAMILIES. ONCE AGAIN, THERE IS A BIG DIFFERENCE BETWEEN WHAT THE MAJORITY SAYS AND WHAT THE MAJORITY DOES. INSTEAD OF BEING A TAX BREAK FOR MIDDLE CLASS AMERICANS, THIS IS A TAX SCAM THAT WILL FORCE HARDWORKING ILLINOIS MOMS AND DADS TO PAY THE BILL FOR TAX GIVEAWAYS TO THE RICH AND WELL-CONNECTED. THAT IS JUST WRONG. MR. SPEAKER, THE AMERICAN PEOPLE KNOW IT'S A SCAM. A NEW POLL FROM MONMOUTH UNIVERSITY FOUND HALF OF ALL AMERICANS BELIEVE THAT G.O.P. TAX SCAM WILL RAISE THEIR TAXES. THESE FOLKS ARE RIGHT. IT WILL RAISE THEIR TAXES, ESPECIALLY FOR FAMILIES IN ILLINOIS AND IN THE SECOND DISTRICT. MR. SPEAKER, I WILL NEVER VOTE TO RAISE MY CONSTITUENTS' TAXES JUST TO PAY FOR MASSIVE TAX GIVEAWAYS TO MAJOR CORPORATIONS AND A HANDFUL OF SUPERWEALTHY FAMILIES. I URGE MY COLLEAGUES TO VOTE NO AND STAND WITH AMERICA'S MIDDLE CLASS AND WORKING FAMILIES, THE BACKBONE OF OUR NATION. I YIELD BACK.

                                    Show Full Text
                                  • 10:04:40 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

                                  • 10:04:43 AM

                                    >>

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

                                  • 10:04:47 AM

                                    TEMPORE WITHOUT

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM TEXAS IS RECOGNIZED FOR ONE MINUTE.

                                  • 10:04:50 AM

                                    MR. POE

                                    MR. SPEAKER, NEARLY 700 MILLION PEOPLE ACROSS THE GLOBE LACK ACCESS TO…

                                    MR. SPEAKER, NEARLY 700 MILLION PEOPLE ACROSS THE GLOBE LACK ACCESS TO WATER. THIS IS A DISTURBING WORLD CRISIS. IN MANY COUNTRIES, WOMEN AND CHILDREN WALK FOR MILES AND FACE COUNTLESS RISKS JUST TO FIND SOME WATER. MR. SPEAKER, WATER IS NOT JUST ABOUT DRINKING. IT'S ABOUT SANITATION, IT'S ABOUT HYGIENE. IT PREVENTS DISEASES AND DRASTICALLY IMPROVES THE QUALITY OF LIFE. THAT'S WHY I WORKED WITH MY FRIEND, REPRESENTATIVE EARL BLUMENAUER, FOR THE WATER FOR THE WORLD ACT. THIS BILL HAS MADE IT U.S. POLICY TO IMPROVE INTERNATIONAL ACCESS TO SAFE WATER, SANITATION AND HYGIENE. I APPLAUD THE ADMINISTRATION ON ISSUING THE GLOBAL WATER STRATEGY REQUIRED BY THAT LAW AND I LOOK FORWARD TO SEEING ITS IMPLEMENTATION. THE ROAD AHEAD IS LONG. 80% OF THE COUNTRIES RECEIVING U.S. AID STILL SUFFER FROM WATER ISSUES. WITH OUR GOD-GIVEN RESOURCES, WE HAVE AN OBLIGATION TO MAKE SURE PEOPLE RECEIVE THE BASIC ELEMENT OF LIFE -- CLEAN WATER -- BECAUSE WATER IS LIFE AND THAT'S JUST THE WAY IT IS. I'LL YIELD BACK.

                                    Show Full Text
                                  • 10:05:53 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM CALIFORNIA SEEK RECOGNITION?

                                  • 10:05:56 AM

                                    >>

                                    I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE…

                                    I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

                                    Show Full Text
                                  • 10:06:00 AM

                                    TEMPORE WITHOUT

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR ONE…

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:06:03 AM

                                    MR. COSTA

                                    MR. SPEAKER, I RISE TODAY TO STAND WITH THE DREAMERS, BOTH IN THE SAN…

                                    MR. SPEAKER, I RISE TODAY TO STAND WITH THE DREAMERS, BOTH IN THE SAN JOAQUIN VALLEY AND THROUGHOUT OUR COUNTRY. PROTECTING OUR DREAMERS IS THE RESPONSIBLE, MORAL AND JUST THING TO DO. THE MAJORITY OF AMERICANS WANT LEGAL PROTECTION FOR OUR DREAMERS, AND CONGRESS MUST LISTEN. I'VE BEEN LISTENING TO THOSE WHO VISITED MY OFFICES. UNIVERSITY PRESIDENTS, RELIGIOUS ORGANIZATIONS, MY CONSTITUENTS WHO SIMPLY WANT US TO PROVIDE LEGALIZATION FOR THESE INDIVIDUALS WHO'VE COME TO THIS COUNTRY AT AN AVERAGE AGE OF 6 YEARS OF AGE. THIS IS THE ONLY COUNTRY THEY'VE EVER KNOWN. PASSING THE DREAM ACT IS A PRIORITY FOR DEMOCRATS AND HAS STRONG SUPPORT FOR MANY REPUBLICANS. WE JUST NEED TO VOTE ON THE BILL. I'M A CO-SPONSOR OF THE DREAM ACT AND I'VE JOINED NEARLY 200 OF MY COLLEAGUES SIGNING A DISCHARGE PETITION TO BRING THIS LEGISLATION TO THE FLOOR. I NOW CALL ON MY REPUBLICAN COLLEAGUES TO DO THE RIGHT THING AND ALLOW A VOTE ON THE DREAM ACT. I WILL CONTINUE TO ADVOCATE FOR POLICIES THAT PROTECT OUR DREAMERS. I URGE OUR DREAMERS TO CONTINUE TO MAKE THEIR VOICES HEARD AS THEY HAD ACROSS THIS COUNTRY AND TO URGE PEOPLE IN CONGRESS TO DO THE RIGHT THING. WE MUST STAY VIGILANT IN OUR EFFORTS TO PROTECT THESE INDIVIDUALS, AND WE AS AMERICANS UNDERSTAND WHAT THESE INDIVIDUALS MEAN TO OUR COUNTRY. PASS THE

                                    Show Full Text
                                  • 10:07:24 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MICHIGAN SEEK RECOGNITION?

                                  • 10:07:28 AM

                                    >>

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

                                  • 10:07:32 AM

                                    TEMPORE WITHOUT

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE…

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:07:34 AM

                                    >>

                                    THANK YOU, MR. SPEAKER. AS I TRAVEL THE SEVENTH DISTRICT OF MICHIGAN, I…

                                    THANK YOU, MR. SPEAKER. AS I TRAVEL THE SEVENTH DISTRICT OF MICHIGAN, I HAVE MET WITH MANY HARDWORKING FAMILIES WHO ARE LIVING PAYCHECK TO PAYCHECK. MOMS AND DADS STRUGGLING TO PAY THE MORTGAGE, MAKE ENDS MEET.

                                    Show Full Text
                                  • 10:07:51 AM

                                    MR. WALBERG

                                    MANY BUSINESSES WEIGHED DOWN BY A BURDENSOME AND OUTDATED TAX CODE. WE…

                                    MANY BUSINESSES WEIGHED DOWN BY A BURDENSOME AND OUTDATED TAX CODE. WE DEVELOPED THE TAX CUTS AND JOBS ACT WITH THEM IN MIND. FOR FAMILIES ACROSS MY DISTRICT, OUR PLAN MEANS MORE JOBS, MORE TAKE-HOME PAY, AND MORE MONEY IN THEIR POCKETS. AT EVERY INCOME LEVEL, PEOPLE WILL SEE MEANINGFUL TAX RELIEF. ON TOP OF THAT, OUR PLAN WILL HELP SMALL BUSINESSES THRIVE, BOOST JOB CREATION HERE AT HOME AND MAKE OUR ECONOMY STRONGER AND MORE COMPETITIVE. MR. SPEAKER, THE CHOICE BEFORE US TODAY IS CLEAR. WEB PROP UP A BROKEN -- WE CAN PROP UP A BROKEN TAX CODE AND MAINTAIN THE STATUS QUO OR WE CAN PASS THE MOST SWEEPING TAX OVERHAUL IN THREE DECADES AND DELIVER HISTORIC TAX RELIEF TO THOSE WHO NEED IT MOST. LET'S PASS THE TAX CUT AND JOBS ACT AND ENSURE A BRIGHTER FUTURE FOR THE FAMILIES WE REPRESENT, AND I YIELD BACK.

                                    Show Full Text
                                  • 10:08:54 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLELADY FROM WASHINGTON SEEK RECOGNITION?…

                                    FOR WHAT PURPOSE DOES THE GENTLELADY FROM WASHINGTON SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLELADY FROM WASHINGTON IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:09:06 AM

                                    MS. JAYAPAL

                                    MR. SPEAKER, I RISE TODAY TO URGE MY COLLEAGUES TO SAY NO TO THIS…

                                    MR. SPEAKER, I RISE TODAY TO URGE MY COLLEAGUES TO SAY NO TO THIS OUTRAGEOUS TAX BILL AND DO WHAT IS RIGHT FOR THE AMERICAN PEOPLE. THIS BILL GIVES MORE RICHES TO THE RICHEST REPUBLICAN DONORS AT THE EXPENSE OF MIDDLE-CLASS FAMILIES AND THE POOREST. THIS BILL DOES WHAT THE AMERICAN PEOPLE ALREADY SAID NO TO WHICH IS IT DISMANTLES THE AFFORDABLE CARE ACT, IT THROWS 13 MILLION AMERICANS OFF OF THEIR HEALTH CARE AND INCREASES PREMIUMS FOR MILLIONS MORE. THIS TAX BILL ELIMINATES MOST OF THE STATE AND LOCAL TAX DEDUCTION AND SHORTCHANGES SO MANY COMMUNITIES ACROSS THE NATION, SLASHING EDUCATION FUNDING BY AS MUCH AS $152 BILLION OVER THE NEXT DECADE. THIS TAX HEIST RUNS UP THE DEFICIT BY $1 TRILLION TO $1.5 TRILLION AND TRIGGERS AUTOMATIC SPENDING CUTS TO MEDICARE, MEDICAID, AND SERVICES THAT CHILDREN AND SENIORS DEPEND ON. THIS TAX SCAM GIVES 80% OF THE BENEFITS TO THE TOP 1%. THAT IS A WAR ON ANY IDEA OF OPPORTUNITY AND INCOME INEQUALITY IN THIS COUNTRY. IT IS NOT TAX REFORM, AND I URGE A NO VOTE. THANK YOU, MR. SPEAKER. I YIELD BACK.

                                    Show Full Text
                                  • 10:10:20 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM NORTH CAROLINA SEEK RECOGNITION?…

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM NORTH CAROLINA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN FROM NORTH CAROLINA IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:10:30 AM

                                    >>

                                    MR. SPEAKER, OUR POLICE MEN AND WOMEN WAKE UP EVERY DAY AND DO A JOB THAT…

                                    MR. SPEAKER, OUR POLICE MEN AND WOMEN WAKE UP EVERY DAY AND DO A JOB THAT IS DANGEROUS AND OFTEN THANKLESS. THEY ARE TRULY SERVANTS OF THE PUBLIC AND PROTECTORS OF THOSE WHO CANNOT HELP THEMSELVES. IF THAT WEREN'T ENOUGH, I WANTED TO SPEAK BRIEFLY TODAY TO HIGHLIGHT OFFICERS WHO HAVE GONE EVEN FURTHER. MR. SPEAKER, THE FRATERNAL ORDER OF POLICE RECENTLY HELD A COPS AND KIDS EVENT IN MORRISVILLE, NORTH CAROLINA. THROUGH THEIR GENEROSITY, MORE THAN TWO DOZEN FAMILIES GOT AROUND $100 WORTH OF CLOTHES, TOYS AND GIFTS FOR THEIR LOVED ONES.

                                    Show Full Text
                                  • 10:11:05 AM

                                    MR. BUDD

                                    THE STORIES OF STRUGGLES ARE THE STORIES WE SEE AROUND THE COUNTRY THIS…

                                    THE STORIES OF STRUGGLES ARE THE STORIES WE SEE AROUND THE COUNTRY THIS CHRISTMAS. I'M AWED AND HUMBLED BY THE EFFORTS OF THESE OFFICERS. I WANT TO ESPECIALLY CONGRATULATE TOMMY CHIPMAN, PRESIDENT OF THE FRATERNAL ORDER OF POLICE AND DUCK WYATT, THE SECOND VICE PRESIDENT, AND ALL THOSE WHO PARTICIPATED TO HELP MAKE THIS CHRISTMAS A BETTER ONE FOR FAMILIES IN THE COMMUNITY. MR. SPEAKER, I YIELD BACK.

                                    Show Full Text
                                  • 10:11:31 AM

                                    THE SPEAKER PRO TEMPORE

                                    WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

                                  • 10:11:38 AM

                                    MR. GREEN

                                    MR. SPEAKER, I WOULD ASK TO ADDRESS THE HOUSE FOR ONE MINUTE.

                                  • 10:11:43 AM

                                    THE SPEAKER PRO TEMPORE

                                    DOES THE GENTLEMAN SEEK UNANIMOUS CONSENT?

                                  • 10:11:45 AM

                                    MR. DOGGETT

                                    FOR THOSE WITH SILK STOCKINGS, IT'S A VERY MERRY CHRISTMAS INDEED. BUT YOU…

                                    FOR THOSE WITH SILK STOCKINGS, IT'S A VERY MERRY CHRISTMAS INDEED. BUT YOU GET COLD. THE BILLIONAIRES GETS STUCKED. IT'S LIKE A WHITE ELEPHANT. THE BILL BILLION AIRS GET THE GOOD GIFTS. THE HOW MANY MILLIONS OF DOLLARS THE TRUMP FAMILY WILL PERSONALLY STUFF IN THEIR POCKETS CANNOT BE PRECISELY DETERMINED ONLY BECAUSE OF REPUBLICAN COLLUSION TO CONTINUE TO COVER UP TRUMP'S PERSONAL TAX RETURNS. EXCLUDING THE PUBLIC, REFUSING TO EVEN PERMIT DEMOCRATS TO OFFER AN AMENDMENT, REPUBLICANS DUMPED THIS PROPOSAL OUT THIS WEEKEND AND NOW DEMAND AN IMMEDIATE VOTE. THE DANGERS LURKING IN THIS BILL FOR ECONOMIC OPPORTUNITY, FOR TAX FAIRNESS ARE VERY REAL, BUT THEY ARE OVERSHADOWED BY THE DANGERS TO OUR DEMOCRACY FROM THESE TRUMP TACTICS TO IMPOSE HIS RULE ON AMERICA. REPUBLICANS DECIDED THE ONLY WAY TO PASS THEIR PROGRAM WAS TO HIDE IT. LET'S REJECT IT TODAY.

                                    Show Full Text
                                  • 10:12:57 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM FLORIDA SEEK RECOGNITION?

                                  • 10:13:00 AM

                                    >>

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE…

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

                                    Show Full Text
                                  • 10:13:07 AM

                                    TEMPORE WITHOUT

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM FLORIDA IS RECOGNIZED FOR ONE MINUTE.

                                  • 10:13:11 AM

                                    >>

                                    MR. SPEAKER, I RISE TO RECOGNIZE MR. THOMAS WHO WILL BE RETIRING ON…

                                    MR. SPEAKER, I RISE TO RECOGNIZE MR. THOMAS WHO WILL BE RETIRING ON JANUARY 10, 2018, AFTER 43 YEARS OF FAITHFUL SERVICE TO NORTH CENTRAL FLORIDA'S COMMUNITY IN LAW ENFORCEMENT. HE BEGAN HIS CAREER IN GREEN COAST SPRINGS, FLORIDA, IN THE POLICE DEPARTMENT ON SEPTEMBER OF 1974. HE SERVED HIS HOMETOWN COMMUNITY UNTIL 1982 AND THEN MOVED TO GAINESVILLE, FLORIDA.

                                    Show Full Text
                                  • 10:13:38 AM

                                    MR. YOHO

                                    HIS MOVE, THE OFFICER STARTED WORKING FOR THE SHERIFF'S OFFICE. HE IS…

                                    HIS MOVE, THE OFFICER STARTED WORKING FOR THE SHERIFF'S OFFICE. HE IS CURRENTLY A WARRANT INVESTIGATOR OFFICER, AND AFTER 35 YEARS OF DEDICATED LAW ENFORCEMENT SERVICE WITH AN EXEMPLARY RECORD, TOM WILL BEGIN STARTING THE NEXT CHAPTER OF HIS LIFE. TOM IS A SHINING EXAMPLE WHAT IT MEANS TO BE AN AMERICAN. HE'S DEDICATED HIS LIFE TO SERVING OUR COMMUNITY, AND I HAVE NO DOUBT HE WILL CONTINUE TO DO SO IN RETIREMENT. I AM PROUD TO REPRESENT SUCH A HARDWORKING INDIVIDUAL AND ALSO TO HAVE THE HONOR OF BEING HIS FRIEND. FOR MYSELF AND ALL OF FLORIDA'S THIRD DISTRICT, I WISH HIM THE VERY BEST IN HIS WELL-DESERVED RETIREMENT AND I YIELD BACK. THANK YOU.

                                    Show Full Text
                                  • 10:14:20 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLELADY FROM NORTH CAROLINA SEEK RECOGNITION?…

                                    FOR WHAT PURPOSE DOES THE GENTLELADY FROM NORTH CAROLINA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLELADY FROM NORTH CAROLINA IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:14:31 AM

                                    MS. ADAMS

                                    LIFE OF CALVIN EARVIN, A NATIVE OF NEW JERSEY AND RESIDENT OF GREENSBORO…

                                    LIFE OF CALVIN EARVIN, A NATIVE OF NEW JERSEY AND RESIDENT OF GREENSBORO WHO PASSED AWAY NOVEMBER 25, 2017. CAL, AS HE WAS FONDLY CALLED, WAS AN HONORABLE MAN, DEDICATED TO HIS COMMUNITY AND MENTORING YOUNG STUDENT ATHLETES. HE SERVED AS COACH OF A BASKETBALL TEAM AND LATER AS PROFESSOR AND HEAD COACH OF NORTH CAROLINA A&T BASKETBALL TEAM FOR 18 YEARS. HE RECOGNIZED THE IMPORTANCE OF EDUCATION, ENSURING THE DEDICATION AND PERSEVERANCE THAT HIS ATHLETES LEARNED ON THE COURT WAS ALSO EXHIBITED IN THE CLASSROOM. A DEVOTED CITIZEN TO THE GREENSBORO COMMUNITY, HE SERVED IN COUNTLESS CIVIC ROLES INCLUDING TREASURER OF THE TOURISM BUREAU, A LIFE-LONG MEMBER OF THE NAACP. HE HE BROUGHT HIS GENEROUS SPIRIT AND HEART HOME WITH HIM TOO. A LOVING HUSBAND TO HIS BELOVED WIFE KATHRYN AND TO HIS NEPHEW WHO IS LIKE A BROTHER. CAL'S GOLDEN HEART SHINED A BRIGHT SPOT IN MY LIFE TOO. HE WILL BE SORELY MISSED. HIS LOSS WILL BE FELT THROUGHOUT OUR ENTIRE STATE AND BEYOND. MY THOUGHTS AND PRAYERS CONTINUE TO BE WITH HIS WIFE, KATHRYN, AND HIS FAMILY, HIS FRIENDS, AND HIS COMMUNITY. I YIELD BACK. .

                                    Show Full Text
                                  • 10:15:50 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM SOUTH CAROLINA SEEK RECOGNITION?…

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM SOUTH CAROLINA SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN FROM SOUTH CAROLINA IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:15:57 AM

                                    >>

                                    MR. SPEAKER, THIS IS A GREAT DAY FOR A MAYOR OF SOUTH CAROLINA, MONDAY,…

                                    MR. SPEAKER, THIS IS A GREAT DAY FOR A MAYOR OF SOUTH CAROLINA, MONDAY, JANUARY 2, 2018. LET ME REIMMEDIATE THE PROCLAMATION, WHERE SERVING AS AN ELECTED OFFICIAL IN LOCAL GOVERNMENT WILL REQUIRE SACRIFICE, PASSION, AND DEDICATION. WHEREAS GEORGE C. SHEPHERD WAS ELECTED AS THE MAYOR ON NOVEMBER 10, 2009, AFTER SERVING TWO YEARS AS THE CITY'S PRETELL. WHEREAS THE MAYOR FAITHFULLY AND DUTIFULLY SERVED ELECTED AS THE MAYOR ON NOVEMBER 10, 2009, AFTER SERVING THE MAYOR FOR EIGHT YEARS AND AS DURING HIS TWO TERMS OF MAYOR, THE CITY SOLIDIFIED ITS PLACE IN THE REGION. THE MAYOR, GODSPEED IN YOUR RETIREMENT AND THANK YOU FOR YOUR SERVICE TO A GREAT CITY. I YIELD BACK.

                                    Show Full Text
                                  • 10:16:41 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM KENTUCKY SEEK RECOGNITION?

                                  • 10:16:45 AM

                                    MR. YARMUTH

                                    REQUEST UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

                                  • 10:16:48 AM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM KENTUCKY IS RECOGNIZED FOR ONE…

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM KENTUCKY IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:16:51 AM

                                    MR. YARMUTH

                                    THANK YOU, MR. SPEAKER. MR. SPEAKER, THIS MORNING I SAW A DRAMATIC BIT OF…

                                    THANK YOU, MR. SPEAKER. MR. SPEAKER, THIS MORNING I SAW A DRAMATIC BIT OF EVIDENCE WHY THE PERSON PEOPLE OVERWHELMINGLY REJECT THE REPUBLICAN DONOR RELIEF BILL KNOWN AS THE TAX REFORM BILL. CHAIRMAN BRADY, WAYS AND MEANS COMMITTEE, THE AUTHOR OF THIS BILL, WAS ASKED WHY HE DIDN'T DO ANYTHING IN THE BILL TO CHANGE THE CARRIED INTEREST DEDUCTION. THAT PROVISION, WHICH ALLOWS BILLIONAIRE HEDGE FUND MANAGERS TO PAY A LOWER INCOME TAX RATE THAN TENS OF MILLIONS OF REGULAR AMERICANS. HE SAID THE MIDDLE CLASS AMERICANS DON'T CARE ABOUT THAT. WORKING FAMILIES DON'T. I UNDERSTAND WHY HE DIDN'T WANT TO TRY TO DEFEND THE PROTECTION OF CARRIED INTEREST. THERE IS NO DEFENSE FOR IT. HERE'S WHY EVERY AMERICAN OUGHT TO CARE BECAUSE EVERY DOLLAR OF LOST REVENUE THAT GOES BACK TO THOSE BILLIONAIRE HEDGE FUND MANAGERS WILL RESULT IN CUT SERVICES FOR THE VAST MAJORITY OF AMERICANS. MEDICARE, MEDICAID, SOCIAL SECURITY, AND MANY OTHERS. AND IT WILL ADD TO THE DEBT THAT THEIR CHILDREN AND GRANDCHILDREN WILL HAVE TO PAY FOR. THAT'S A GOOD REASON WHY EVERYONE SHOULD CARE ABOUT THIS BILL AND WHY IT IS A SCAM ON MIDDLE CLASS AMERICANS AND OUGHT TO BE REJECTED. I YIELD BACK.

                                    Show Full Text
                                  • 10:18:00 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM ARKANSAS SEEK RECOGNITION?

                                  • 10:18:04 AM

                                    >>

                                    UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE. REVISE AND EXTEND.

                                  • 10:18:08 AM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM ARKANSAS IS RECOGNIZED FOR ONE…

                                    WITHOUT OBJECTION, THE GENTLEMAN FROM ARKANSAS IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:18:12 AM

                                    >>

                                    I THANK MY FRIEND. I'M GLAD MY FRIEND IS IN THE CHAIR FOR TODAY. I RISE TO…

                                    I THANK MY FRIEND. I'M GLAD MY FRIEND IS IN THE CHAIR FOR TODAY. I RISE TO SALUTE THE U.S. NAVY'S NEWEST VESSEL, THE U.S.S. LITTLE ROCK, AND HER BRAVE CREW. COMMISSIONED THIS PAST SATURDAY, THE NEW U.S.S. LITTLE ROCK WAS BUILT IN WISCONSIN AND IS A COMBAT SHIP THAT WILL OPERATE IN WATERS CLOSE TO SHORE. THE VESSEL CARRIES THE NAMESAKE OF ARKANSAS' STATE CAPITAL AND PROUD HISTORY OF THE FORMER U.S.S. LITTLE ROCK. IT'S ALSO FITTING TO HOPOR THE FORMER U.S.S. LITTLE ROCK, COMPLETED IN WORLD WAR II, SHE WAS ONE OF SIX VESSELS TO BE CONVERTED TO A GUIDED MISSILE CRUISER. THE FIRST U.S. NAVY SHIP TO BE NAMED FOR LITTLE ROCK, ARKANSAS. THE ONLY WORLD WAR II CRUISER ON DISPLAY IN THE UNITED STATES, THE FORMER U.S.S. LITTLE ROCK IS THE SOUL SURVIVE -- SOLE SURVIVOR OF THE CLEVELAND CLASS.

                                    Show Full Text
                                  • 10:19:02 AM

                                    MR. HILL

                                    IT SERVED AS DISTINCTION AS A FLAGSHIP FOR THE SECOND AND SIXTH FLEET I…

                                    IT SERVED AS DISTINCTION AS A FLAGSHIP FOR THE SECOND AND SIXTH FLEET I THANK ALL THOSE WHO SERVED ON THE FORMER U.S.S. LITTLE ROCK, AND I WISH THE NEW U.S.S. LITTLE ROCK THE BEST AS SHE CARRIES OUT OUR NATION'S CRITICAL MARITIME STRATEGY AND PROTECTS OUR INTERESTS ACROSS THE GLOBE. I YIELD BACK.

                                    Show Full Text
                                  • 10:19:23 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLELADY FROM ILLINOIS SEEK RECOGNITION?

                                  • 10:19:26 AM

                                    >>

                                    I ASK UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

                                  • 10:19:28 AM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION, THE GENTLELADY FROM ILLINOIS IS RECOGNIZED FOR ONE…

                                    WITHOUT OBJECTION, THE GENTLELADY FROM ILLINOIS IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:19:31 AM

                                    MRS. BUSTOS

                                    THANK YOU, MR. SPEAKER SINCE DONALD TRUMP BECAME THE LEADER OF THE…

                                    THANK YOU, MR. SPEAKER SINCE DONALD TRUMP BECAME THE LEADER OF THE REPUBLICAN PARTY, THEY SAID THEY WOULD STAND UP FOR AMERICA'S WORKERS. THERE WERE PROMISES TO STOP OUTSOURCING AND BRING MILLIONS OF MANUFACTURING JOBS BACK HOME. BUT THE TWO BIG ITEMS ON PAUL RYAN'S AGENDA HAD BEEN CUTTING YOUR HEALTH CARE AND A TAX SCAM THAT IS A DIRECT ATTACK ON AMERICA'S MIDDLE CLASS. IT RAISES TAXES ON 86 MILLION MIDDLE CLASS HOUSEHOLDS. IT HANDS 83% OF ITS BENEFITS TO THE WEALTHIEST 1%. AND PERHAPS WORST OF ALL, IT'S A JOB KILLER THAT WILL HELP BIG CORPORATIONS MOVE JOBS OVERSEAS. THEY CLAIM IT DOES JUST THE OPPOSITE. BUT WHY ARE THEY TRYING TO RAM THIS THING THROUGH SO FAST? BECAUSE THEY KNOW THAT IN THE FINE PRINT OUR NEW LOOPHOLES THAT -- ARE NEW LOOPHOLES THAT MAKE IT EASIER FOR COMPANIES TO SHIP OUR WORK OUT OF AMERICA AND PAY LESS TAXES. SURE, THIS BILL WILL CREATE JOBS. IT WILL CREATE THEM OVER IN CHINA AND MEXICO AND MALAYSIA. MR. SPEAKER, THIS TAX SCAM IS A HUGE BROKEN PROMISE. WE CAN DO BETTER. THANK YOU VERY MUCH. I YIELD BACK.

                                    Show Full Text
                                  • 10:20:45 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM THE COMMONWEALTH OF KENTUCKY SEEK…

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM THE COMMONWEALTH OF KENTUCKY SEEK RECOGNITION? WITHOUT OBJECTION, THE GENTLEMAN FROM KENTUCKY IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 10:20:55 AM

                                    >>

                                    MR. SPEAKER, I RISE TODAY TO RECOGNIZE MY GOOD FRIEND THE SIMPSON COUNTY…

                                    MR. SPEAKER, I RISE TODAY TO RECOGNIZE MY GOOD FRIEND THE SIMPSON COUNTY JUDGE EXECUTIVE, JIM HENDERSON, OF THE FIRST CONGRESSIONAL DISTRICT OF KENTUCKY. JUDGE HENDERSON HAS SERVED HIS COMMUNITY SINCE 1998 WHEN HE WAS ELECTED AS THE YOUNGEST COUNTY JUDGE EXECUTIVE IN KENTUCKY AND HAS CONTINUALLY DEVOTED HIMSELF TO ORGANIZATIONS WHICH ADVANCE THE DEVELOPMENT AND PROSPERITY OF SIMPSON COUNTY. JUDGE HERNEDSON HAS DECIDED TO TRANSITION INTO A NEW ROLE AS DEPUTY DIRECTOR OF THE KENTUCKY ASSOCIATION OF COUNTIES, WHERE HE WILL BE OVERSEEING THEIR DAY-TO-DAY OPERATIONS AND WORKING WITH LOCAL GOVERNMENT OFFICIALS IN ALL 120 COUNTIES THROUGHOUT THE COMMONWEALTH TO ADVOCATE FOR LEGISLATIVE SOLUTIONS THAT BEST MEET THE NEEDS OF THEIR CONSTITUENCIES.

                                    Show Full Text
                                  • 10:21:41 AM

                                    MR. COMER

                                    ROLE AND DEPUTY DIRECTOR. I YIELD BACK.

                                  • 10:22:16 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MINNESOTA SEEK RECOGNITION?

                                  • 10:22:19 AM

                                    >>

                                    TO ADDRESS THE HOUSE FOR ONE MINUTE.

                                  • 10:22:21 AM

                                    THE SPEAKER PRO TEMPORE

                                    DOES THE GENTLEMAN SEEK UNANIMOUS CONSENT?

                                  • 10:22:23 AM

                                    >>

                                    YES, I DO.

                                  • 10:22:24 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM MINNESOTA IS RECOGNIZED FOR ONE MINUTE.

                                  • 10:22:26 AM

                                    MR. ELLISON

                                    I THANK THE SPEAKER. MR. SPEAKER, IN A FEW HOURS FROM NOW THE REPUBLICAN…

                                    I THANK THE SPEAKER. MR. SPEAKER, IN A FEW HOURS FROM NOW THE REPUBLICAN CAUCUS WILL BRING FORTH A TAX BILL. THIS BILL WILL REDISTRIBUTE WEALTH FROM WORKING AMERICANS UP TO THE VERY RICHEST PEOPLE IN OUR COUNTRY. AND IT WILL RESULT IN MASSIVE DEFICIT AND IT WILL RESULT IN -- DEFICITS AND IT WILL RESULT IN A STARVATION OF THE GOVERNMENT TO STOP IT FROM DOING THE CRITICAL THINGS IT NEEDS TO DO TO AFFORD THE EXPENSES OF OUR COUNTRY AND TO HELP AMERICANS LEAVE -- LEAD BERT LIVES. DEFICITS AND IT WILL BUT -- BETTER LIVES. AFTER THAT'S DONE, MR. SPEAKER, IT WILL DO ONE MORE THING -- AT LEAST THREE MORE THINGS THAT ARE VERY, VERY BAD. ONE OF THEM IS THAT THE CORPORATIONS THAT GET ALL THIS MONEY, THE WEALTHY INDIVIDUALS WILL, ONE, DO STOCK BUY BACKS, AND BUT -- BETTER PROMOTE THEIR PERSONAL WEALTH THEY WILL GIVE EACH OTHER BONUSES, TO GIVE EACH OTHER GREATER PERSONAL WEALTH. THEY WILL HAVE MORE MONEY TO DO MORE MERGERS TO CONCENTRATE MARKETS EVEN MORE SO THAT WE HAVE MORE MONOPOLY AROUND. AND THEY WILL BUY POLITICAL INFLUENCE TO FURTHER CORRUPT OUR DEMOCRATIC GOVERNMENT. THIS IS A BAD THING AND I AM LOOKING FORWARD TO A BIG STRONG NO. THANK YOU.

                                    Show Full Text
                                  • 10:23:42 AM

                                    THE SPEAKER PRO TEMPORE

                                    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

                                  • 10:23:47 AM

                                    MR. SESSION

                                    GOOD MORNING, MR. SPEAKER. BY DIRECTION OF THE COMMITTEE ON RULES I CALL…

                                    GOOD MORNING, MR. SPEAKER. BY DIRECTION OF THE COMMITTEE ON RULES I CALL UP HOUSE RESOLUTION 667 AND ASK FOR ITS IMMEDIATE CONSIDERATION.

                                    Show Full Text
                                  • 10:23:54 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE CLERK WILL REPORT THE RESOLUTION.

                                  • 10:23:57 AM

                                    THE CLERK

                                  • 10:24:28 AM

                                    MOTION EXCEPT

                                    WITHOUT INTERVENING MOTION EXCEPT: (1) ONE HOUR OF DEBATE; AND (2) ONE…

                                    WITHOUT INTERVENING MOTION EXCEPT: (1) ONE HOUR OF DEBATE; AND (2) ONE MOTION TO RECOMMIT IF APPLICABLE. CLAUSE 5(B) OF RULE XXI SHALL NOT APPLY TO THE CONFERENCE REPORT. SECTION 2, UPON ADOPTION OF THIS RESOLUTION IT SHALL BE IN ORDER TO CONSIDER IN THE HOUSE THE BILL, H.R. 3312, TO AMEND THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT TO SPECIFY WHEN BANK HOLDING COMPANIES MAY BE SUBJECT TO CERTAIN ENHANCED SUPERVISION, AND FOR OTHER PURPOSES. ALL POINTS OF ORDER AGAINST CONSIDERATION OF THE BILL ARE WAIVED. IN LIEU OF THE AMENDMENT RECOMMENDED BY THE COMMITTEE ON FINANCIAL SERVICES NOW PRINTED IN THE BILL, AN AMENDMENT IN THE NATURE OF A SUBSTITUTE CONSISTING OF THE TEXT OF RULES COMMITTEE PRINT 115-49, MODIFIED BY THE AMENDMENT PRINTED IN THE REPORT OF THE COMMITTEE ON RULES ACCOMPANYING THIS RESOLUTION, SHALL BE CONSIDERED AS ADOPTED. THE BILL, AS AMENDED, SHALL BE CONSIDERED AS READ. ALL POINTS OF ORDER AGAINST PROVISIONS IN THE BILL, AS AMENDED, ARE WAIVED. THE PREVIOUS QUESTION SHALL BE CONSIDERED AS ORDERED ON THE BILL, AS AMENDED, AND ON ANY FURTHER AMENDMENT THERETO, TO FINAL PASSAGE WITHOUT INTERVENING MOTION EXCEPT: (1) ONE HOUR OF DEBATE EQUALLY DIVIDED

                                    Show Full Text
                                  • 10:25:36 AM

                                    EXCEPT ONE

                                    ONE HOUR OF DEBATE EQUALLY DIVIDED AND CONTROLLED BY THE CHAIR AND RANKING…

                                    ONE HOUR OF DEBATE EQUALLY DIVIDED AND CONTROLLED BY THE CHAIR AND RANKING MINORITY MEMBER OF THE COMMITTEE ON FINANCIAL SERVICES; AND (2) ONE MOTION TO RECOMMIT WITH OR WITHOUT INSTRUCTIONS. SECTION 3, THE REQUIREMENT OF CLAUSE 6(A) OF RULE XIII FOR A TWO-THIRDS VOTE TO CONSIDER A REPORT FROM THE COMMITTEE ON RULES ON THE SAME DAY IT IS PRESENTED TO THE HOUSE IS WAIVED WITH RESPECT TO ANY RESOLUTION REPORTED THROUGH THE REMAINDER OF THE FIRST SESSION OF THE ONE HUNDRED FIFTEENTH CONGRESS. SECTION 4, IT SHALL BE IN ORDER AT ANY TIME THROUGH THE REMAINDER OF THE FIRST SESSION OF THE ONE HUNDRED FIFTEENTH CONGRESS FOR THE SPEAKER TO ENTERTAIN MOTIONS THAT THE HOUSE SUSPEND THE RULES AS THOUGH UNDER CLAUSE 1 OF RULE XV. HE SPEAKER OR HIS DESIGNEE SHALL CONSULT WITH THE MINORITY LEADER OR HER DESIGNEE ON THE DESIGNATION OF ANY MATTER FOR CONSIDERATION PURSUANT TO THIS SECTION.

                                    Show Full Text
                                  • 10:26:39 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE CHAIR

                                  • 10:26:40 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE CHAIR

                                  • 10:26:43 AM

                                    MR. SESSIONS

                                    MR. SPEAKER, DURING CONSIDERATION OF THIS RESOLUTION ALL TIME IS YIELDED…

                                    MR. SPEAKER, DURING CONSIDERATION OF THIS RESOLUTION ALL TIME IS YIELDED FOR THE PURPOSE OF DEBATE ONLY. I ALSO WILL YIELD THE CUSTOMARY 30 MINUTES TO THE GENTLEWOMAN, MY DEAR FRIEND, WHO IS THE RANKING MEMBER OF THE RULES COMMITTEE, MS. SLAUGHTER, PENDING WHICH I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                                    Show Full Text
                                  • 10:27:00 AM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION. THE GENTLEMAN IS RECOGNIZED.

                                  • 10:27:03 AM

                                    MR. SESSIONS

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE…

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS.

                                    Show Full Text
                                  • 10:27:07 AM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION.

                                  • 10:27:08 AM

                                    MR. SESSION

                                    MR. SPEAKER, I RISE IN SUPPORT OF THIS RULE AND THE UNDERLYING WHO IS THE…

                                    MR. SPEAKER, I RISE IN SUPPORT OF THIS RULE AND THE UNDERLYING WHO IS THE RANKING MEMBER OF THE RULES COMMITTEE, MS. SLAUGHTER, PENDING WHICH I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                                    Show Full Text
                                  • 10:27:15 AM

                                    THE SPEAKER PRO TEMPORE

                                    LEGISLATION. THIS RULE PROVIDES FOR CONSIDERATION OF H.R. 3312, THE…

                                    LEGISLATION. THIS RULE PROVIDES FOR CONSIDERATION OF H.R. 3312, THE SYSTEMATIC RISK DESIGNATION IMPROVEMENT ACT OF 2017, AND THE CONFERENCE REPORT ACCOMPANYING H.R. 1, THE TAX CUTS AND JOBS ACT. MR. SPEAKER, THIS RULE AND SPECIFICALLY THE UNDERLYING CONFERENCE REPORT, IS THE REFLECTION OF A BICAMERAL AGREEMENT BETWEEN THE UNITED STATES HOUSE OF REPRESENTATIVES AND THE UNITED STATES SENATE. WHEREBY WE TOOK SOME OF THE BEST IDEAS FROM ACROSS OUR NOT ONLY CONFERENCE BUT THIS COUNTRY FROM OUR RESPECTIVE IDEAS TO MAKE A TAX BILL THAT WOULD COMBINE THEM FOR THE BEST INTERESTS OF THE AMERICAN PEOPLE. MR. SPEAKER, THE BOTTOM LINE IS, IS THAT WHAT WE'RE DOING HERE TODAY IS THAT THE REPUBLICAN PARTY IS RELYING UPON THE GREATEST SYSTEM EVER INVENTED, THE FREE ENTERPRISE SYSTEM. THE FREE ENTERPRISE SYSTEM HAS BROUGHT THE UNITED STATES OF AMERICA NOT ONLY THE GREATEST ECONOMIC OPPORTUNITIES IN THE WORLD, BUT IT IS A SYSTEM OF RULE OF LAW. IT IS A SYSTEM OF TAX CODE, AND A SYSTEM OF IDEAS THAT HAS MADE AMERICA THE ENVY OF THE WORLD. I ALSO GET POLITICALLY WHAT IS HAPPENING. WE'RE TAKING WHAT THE DEMOCRATIC PARTY AND PRESIDENT OBAMA DID TO RAISE TAXES BY $1 TRILLION, THE LARGEST TAX INCREASE IN THE HISTORY OF THE UNITED STATES, AND WE ARE TRASHING THAT TODAY. WE'RE SAYING THAT THE PRODUCTION THAT IT MADE OF 1.2% OVER EIGHT YEARS IS UNACCEPTABLE TO THE UNITED STATES OF AMERICA. IT WAS UNACCEPTABLE THEN. AND WE WILL NOT ALLOW THAT TO BE THE GAUGE THAT WE WILL MEASURE OUR SUCCESS IN THE FUTURE. SECONDLY, WE'RE ALSO GOING TO DEAL PROPERLY AND FAIRLY WITH THE AFFORDABLE CARE ACT. A LAW THAT PUT -- PLACED EXTENSIVE BURDENS NOT ONLY ON PEOPLE WHO DID NOT WANT THE HEALTH CARE BILL THAT WAS PLACED FORWARD, BUT PLACED A TREMENDOUS COST ON THEM, THE MIDDLE CLASS OF THIS COUNTRY, AND THE AMERICAN PEOPLE. WHAT WE'RE DOING TODAY IS BOLD. WE'RE GOING TO MAKE THE BIG DEAL, THE BIG DEAL. THE AMERICAN PEOPLE WANT AND NEED A STRONGER, BRIGHTER ECONOMIC FUTURE. IT'S A PRO-GROWTH BILL THAT WILL OVERHAUL OUR TAX CODE AND UNLEASH OUR FREE ENTERPRISE SYSTEM. IT LOWERS TAX RATES ON BUSINESSES OF EVERY SIZE. SO JOB CREATORS CAN FOCUS ON HIRING WORKERS, INCREASING PAYCHECKS, AND GROWTH. GROWTH AND COMPETITION ARE THE KEYS TO AN EXPANDING ECONOMY. MORE JOBS AND INCREASED WAGES IN MY HOME OF DALLAS, TEXAS, HAS ALLOWED TEXAS TO LEAD THE NATION NOT ONLY IN JOB CREATION BUT TO MAKE US THE ENVY OF THE WORLD. WE'RE NOW GOING TO DO THAT FOR THE ENTIRE UNITED STATES AND HELP MAKE BACK HOME FOR EVERY MEMBER OF CONGRESS COMPETITIVE IN THE WORLD MARKET. WITH THE HIGHEST CORPORATE TAX RATE IN THE INDUSTRIALIZED WORLD, THE UNITED STATES TODAY HAS A BROKEN TAX CODE THAT HAS FORCED BUSINESSES TO NOT ONLY MOVE THEIR JOBS AND RESEARCH OVERSEAS, IT HAS FORCED US TO BE ABLE TO STRAND BILLIONS OF DOLLARS OF ECONOMIC ADVANTAGE THAT SHOULD BE IN THE UNITED STATES. THAT CHANGES TODAY. THE TAX CUTS AND JOBS ACT WILL STOP AND REVERSE THAT TREND. . IT WILL ENCOURAGE COMPANIES TO BRING THEIR JOBS BACK TO THE UNITED STATES BY LOWERING CORPORATE TAX RATES TO BE COMPETITIVE ANYWHERE IN THE WORLD AT 21%. AND ENCOURAGES U.S. BUSINESSES TO BRING THEIR FOREIGN EARNINGS HOME. UNLEASHING TRILLIONS OF DOLLARS IN OUR ECONOMY. THAT IS THE FUTURE THAT THE REPUBLICAN PARTY WANTS FOR THE UNITED STATES OF AMERICA AND THE FREE ENTERPRISE SYSTEM. THE CONFERENCE REPORT ALSO SIMPLIFIES TAX FILING. IT ELIMINATES COSTLY SPECIAL INTEREST TAX BREAKS. IT PROTECTS THE ABILITIES OF SMALL BUSINESSES TO WRITE OFF INTEREST ON LOANS AND OFFERS A FIRST-EVER 20% TAX DEDUCTION TO BUSINESS ORGANIZED AS S-CORPS, PARTNERSHIPS, L.L.C.'S, AND SOLE PROPRIETORSHIPS. THIS WILL BE A BOOM NOT ONLY FOR THE STOCK MARKET, WHICH WE HAVE SEEN SINCE THE DAY AFTER THE ELECTION, BUT WE HAVE SEEN A BOOM ON MAIN STREET AS JOB CREATORS AND NEW SMALL BUSINESSES ARE SEEKING TO REINVEST NOT ONLY IN THEIR BUSINESS, IN THEIR COMMUNITY BUT FOR THE OPPORTUNITY FOR THE BENEFIT OF WORKERS IN THE UNITED STATES OF AMERICA. THE TAX CUTS AND JOBS ACT IS A DIRECT AND IMMEDIATE BOOST FOR MIDDLE-INCOME AMERICANS WHO HAVE BEEN STRUGGLING, STRUGGLING FOR EIGHT, NOW NINE YEARS TO GET A HANDLE ON NOT ONLY THEIR ABILITY TO WORK WITH A BROKEN TAX SYSTEM BUT THE ABILITY TO WORK WITH THEIR OWN LOCAL BUSINESSES TO MAKE SURE THAT THEIR CITY SUCCEEDS ALSO. IT REDUCES THE TAX RATES FOR LOW-INCOME AND MIDDLE-INCOME AMERICANS. IT INCREASES THE CHILD TAX CREDIT TO MORE FAMILIES AND MORE THAN DOUBLES THE STANDARD DEDUCTION. WITH THIS PIECE OF LEGISLATION TODAY, LEGISLATION FOR MIDDLE-INCOME FAMILIES WILL ALLOW THEM TO BE A PART OF AN ECONOMIC GROWTH MODEL FOR YEARS TO COME. WE ARE PROUD OF WHAT WE ARE DOING AND DELIGHTED THAT WE OFFER THIS NOT ONLY TO THE UNITED STATES HOUSE OF REPRESENTATIVES TODAY BUT TO THE AMERICAN PEOPLE TO SEE THE REPUBLICAN ANSWER FOR ECONOMIC GROWTH AND DEVELOPMENT VITALITY FOR THE UNITED STATES OF AMERICA. MR. SPEAKER, I RESERVE THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 10:32:55 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN'S TIME IS RESERVED. THE GENTLELADY FROM NEW YORK.

                                  • 10:32:58 AM

                                    MS. SLAUGHTER

                                    THANK YOU, MR. SPEAKER. GOOD MORNING. I THANK THE GENTLEMAN FOR YIELDING…

                                    THANK YOU, MR. SPEAKER. GOOD MORNING. I THANK THE GENTLEMAN FOR YIELDING ME THE CUSTOMARY 30 MINUTES, AND I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

                                    Show Full Text
                                  • 10:33:05 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY IS RECOGNIZED.

                                  • 10:33:07 AM

                                    MS. SLAUGHTER

                                    WELL, MR. SPEAKER, I THINK AMERICA'S PRETTY APPREHENSIVE THIS MORNING.…

                                    WELL, MR. SPEAKER, I THINK AMERICA'S PRETTY APPREHENSIVE THIS MORNING. CERTAINLY THOSE WHO KNOW THAT TWO AMERICAN PRESIDENTS AND ONE GOVERNOR OF KANSAS HAVE TRIED TRICKLED DOWN FAIRLY RECENTLY AND FOUND IT DID NOT WORK AT ALL AND INDEED CAUSED GREAT ECONOMIC HARM. BUT WE ARE WALKING INTO TRICKLED DOWN ONCE AGAIN. I THINK THERE IS A WORD THAT DESCRIBES WHAT -- YOU DO THE SAME THING OVER AND OVER AGAIN EXPECTING A DIFFERENT RESULT. I WON'T USE THAT WORD BUT I SUSPECT MOST OF YOU KNOW EXACTLY WHAT I'M TALKING ABOUT. THIS -- PARTICULARLY AT THIS TIME WHEN THIS ECONOMY WAS REALLY BOOMING, REALLY DOING WELL, I APPRECIATE THERE WERE POCKETS WHERE PEOPLE WERE NOT GETTING JOBS AND WAS POINTED OUT BY RICHIE NEAL FREQUENTLY LAST EVENING, WE HAVE A SKILLS GAP THAT JOBS ARE GOING UNFILLED IN AMERICA AND THAT'S WHAT WE REALLY SHOULD BE WORKING ON TODAY. CORPORATIONS ARE AWASH WITH MONEY. THE STOCK MARKET IS BOOMING, AND WE HAVE THE LOWEST UNEMPLOYMENT RATE IN 17 YEARS. WHY IN THE WORLD WOULD WE TRIFLE WITH THAT TO TRY A FAILED TRICKLED DOWN POLICY AGAIN? NOW, EMERGENCY PROCEDURES WERE USED TO BRING THE BILL BEFORE US TODAY. NOW, NOBODY COULD HAVE ANY AMENDMENTS OR ANYTHING TO IT. IT WAS AN EMERGENCY. WE WERE NOT RE-AUTHORIZING THE CHILDREN'S HEALTH INSURANCE PROGRAM, WHICH A LOT OF PEOPLE THINK IS AN EMERGENCY. BECAUSE IT PROVIDES HEALTH CARE TO MORE THAN NINE MILLION CHILDREN. WE'RE NOT RE-AUTHORIZING COMMUNITY HEALTH CENTERS, WHICH SERVE MORE THAN 25 PEOPLE AND HAVING KILLING PLAINED, THE MONEY, THAT MEANS -- PLANNED PARENTHOOD, THE MONEY, THAT MEANS A LOT MORE PEOPLE NEED THE COMMUNITY HEALTH CENTERS. WE ARE NOT RE-AUTHORIZING THE PERKINS LOAN PROGRAM. THOSE EXPIRED SEPTEMBER 30. INSTEAD, DESPITE A RECORD OF 86 MONTHS OF JOB GROWTH, EVERY SINGLE MONTH FOR 86 MONTHS WE HAVE GROWN JOB AND AN UNEMPLOYMENT RATE THAT REMAINS STEADY, THE MAJORITY IS PRIORITIZING TAX CUTS. NOT TAX CUTS FOR THE MIDDLE CLASS. DON'T LET ANYBODY TELL YOU THIS IS TAX REFORM. IT ISN'T. IT'S MOVING AROUND OF RATES. VERY SPECIFICALLY GEARED TOWARD HELPING THE RICH. NOTHING MUCH FOR THE MIDDLE CLASS WHO MAKE HARD TO MAKE ENDS MEET BUT TAX CUTS FOR THE WEALTHY. THE MIDDLE CLASS WILL SEE THEIR MONEY GO DIRECTLY TO THE RICH, AND THAT'S WHAT THE BILL WAS DESIGNED TO DO. YOU CAN TELL BY WHO WROTE IT. THERE'S NOT A SINGLE DEMOCRATIC FINGERPRINT OR A BREATH ANYWHERE TO BE FOUND. INSTEAD, IT WAS CRAFTED BY THE LOBBYISTS WHO VIRTUALLY RUN WASHINGTON UNDER THE MAJORITY'S LEADERSHIP. SOME SWAMP CLEARING. CONSIDER THIS. THERE ARE 11,000 REGISTERED LOBBYISTS IN WASHINGTON, D.C. MORE THAN HALF OF THEM, MORE THAN HALF OF 11,000 REPORTED WORKING ON THE ISSUES INVOLVING TAXES DURING THE FIRST TWIRTS OF THIS YEAR -- 3/4 OF THIS YEAR. EAR OF THE 20 ORGANIZATIONS THAT HIRED THE MOST LOBBYISTS TO WORK ON TAX ISSUES HAVE REPORTED LOBBYING SPECIFICALLY ON TAX REFORM COVERING THE MATTERS INCLUDED IN THIS BILL. NOW, THIS IS THE QUOTE OF ALL-TIME. ONE LOBBYIST ADMITTED TO "THE NEW YORK TIMES" THAT FEW MEMBERS ACTUALLY HAD ANY INFLUENCE ON THE FINAL PRODUCT AND THEY SAID, QUOTE, YOU'RE DEALING WITH 14 PEOPLE INSTEAD OF 535 PEOPLE. SAYING SPECIFICALLY AS MUCH AS CAN BE POSSIBLY SAID THAT THE 535 PEOPLE IN THE CONGRESS REPRESENTING THE PEOPLE OF THE UNITED STATES DIDN'T DO A THING ON THIS. THEY WROTE IT. "THE NEW YORK TIMES" HAS REPORTED THAT THE TRAVEL INDUSTRY LOBBYISTS DIRECTLY EMAILED THOSE WRITING THE BILL TO KILL AN AMENDMENT ON TOURISM BECAUSE THEY HAVE BEEN CRITICAL OF PRESIDENT TRUMP. BUSINESS LOBBYISTS, AFTER SECURING THE LOWEST CORPORATE TAX RATE IN THE EARLY VERSION OF THE BILL, CALLED THE MEMBERS OF THE MAJORITY AND MADE IT EVEN MORE FAVORABLE TO THEM. THEY SECURED THE REMOVAL OF THE CORPORATE ALTERNATIVE MINIMUM TAX, A PROVISION TO DESIGN THE VERY RICH FROM GETTING AWAY WITH PAYING NO TAXES AT ALL, AND WE KNOW SOME PEOPLE WHO HAVE DONE THAT. THE MAJORITY'S BEEN VERY CLEAR ABOUT WHO THE BILL'S WRITTEN FOR. ONE MEMBER OF THE MAJORITY, CONGRESSMAN CHRIS COLLINS SAID, QUOTE, MY DONORS ARE BASICALLY SAYING, GET IT DONE OR DON'T EVER CALL ME AGAIN, END QUOTE. BUT MR. SPEAKER, WHAT ABOUT THE AVERAGE AMERICAN? WHAT ABOUT WORKERS AND MEMBERS OF THE MIDDLE CLASS WHO CAN'T WRITE BIG CAMPAIGN CHECKS OR WHO DON'T HAVE AN ARMY OF LAWYERS TO SCOUR THE TAX CODE ON THEIR BEHALF? THOSE ARE THE PEOPLE WHO WILL BE FORCED TO PAY THE PRICE FOR PROVIDING THE WEALTHY WITH THESE TAX CUTS. FORMER NEW YORK CITY MAYOR MICHAEL BLOOMBERG, CERTAINLY A MAN WHO PREFERS BUSINESS, KNOWS A THING OR TWO ABOUT RUNNING A BUSINESS AND HE RECENTLY WROTE THIS QUOTE. CORPORATIONS ARE SITTING ON A RECORD AMOUNT OF CASH RESERVES. NEARLY $2.3 TRILLION. THAT FIGURE HAS BEEN CLIMBING STEADILY SINCE THE RECESSION ENDED IN 2009, AND IT IS NOW DOUBLE WHAT IT WAS IN 2001. THE REASON C.E.O.'S -- THIS IS AN IMPORTANT POINT. THE REASON C.E.O.'S AREN'T INVESTING MORE OF THEIR LIQUID ASSETS HAS LITTLE TO DO WITH A TAX RATE. THEY ARE NOT WAITING ON A TAX CUT. IT IS PURE FANTASY TO THINK THAT THE TAX BILL WILL LEAD TO SIGNIFICANTLY HIGHER WAGES AND GROWTH AS REPUBLICANS HAVE PROMISED, END QUOTE. NOW, THAT'S NOT SOMEBODY ENVY OF BUSINESS. HE CALLS THIS BILL A $1 TRILLION BLUNDER. THIS IS REALLY REMARKABLE TIME IN THE UNITED STATES KNOWING WE ARE ON THE BRINK OF PASSING A BILL THAT WILL ADVERSELY IMPACT VIRTUALLY EVERY AMERICAN EXCEPT THE RICH. THE MAJORITY HAS THE VOTES AND THERE'S NOT MUCH DEMOCRATS CAN DO TO STOP IT. AND LET ME SAY AGAIN. I AM GLAD DEMOCRATS ARE NOT INVOLVED IN WRITING IT BUT IT'S AN INSULT TO THE WORD REFORM TO BE ASSOCIATED WITH THIS BILL. THE AMERICAN PEOPLE KNOW THEY'RE NOT GETTING WHAT THEY WERE PROMISED BY THE MAJORITY. WE KNOW A PRESIDENT WHO CAMPAIGNED MIGHTILY ON DOING AWAY WITH CARRIED INTEREST BUT IT'S STILL IN THE BILL. THE BILL HURTS THE MIDDLE CLASS, OUR CHILDREN, THE ELDERLY BY ELIMINATING -- AND VETERANS, BY THE WAY, BY ELIMINATING MANY OF THE DEDUCTIONS THEY RELY ON. UNDER THIS BILL THE PERSONAL EXEMPTION IS ELIMINATED, THE MORTGAGE INTEREST DEDUCTION IS LIMITED, STATE AND LOCAL TAX DEDUCTION IS LIMITED MIGHTILY AND THE MOVING EXPENSE DEDUCTION FOR INDIVIDUALS HAS BEEN ELIMINATED. EVEN THE AFFORDABLE CARE ACT'S INDIVIDUAL MANDATE IS ELIMINATED. THAT WILL CAUSE PREMIUMS TO GO UP BY 10% FOR THOSE IN THE INDIVIDUAL MARKET. AND 13 MILLION PEOPLE WILL LOSE THEIR INSURANCE. 13 MILLION. I WANT TO PAUSE ON THAT BECAUSE I'VE STOOD HERE AT THIS VERY SPOT WHEN THERE WERE ALL THESE 60 BILLS TO REPEAL OBAMACARE SO WE CAN INSERT THIS NOW IN THE TAX BILL WHICH WILL REALLY HURT IT. I ALWAYS WONDERED WHY THERE WAS SUCH A RUSH TO TAKE HEALTH CARE AWAY FROM PERSONS. I GUESS SOMEHOW THAT MONEY -- OBVIOUSLY THAT MEDICAID MONEY WILL PAY FOR A LOT OF THIS TAX CUTS FOR THE RICH. ALL THE TAX CUTS MADE FOR INDIVIDUALS WILL EXPIRE IN 2025. THE TAX CUTS FOR CORPORATIONS ARE PERMANENT. THAT'S NOT WHAT WE CALL REFORM. THAT KEEPS OUR TAX CODE COMPLICATED BY DESIGN. WEALTHY FAMILIES AND BIG CORPORATIONS CAN CONTINUE TAKING ADVANTAGE OF A SYSTEM THEY HELPED CREATE. BROKEN PROMISES ARE EMBEDDED THROUGHOUT THE LEGISLATION. FOR YEARS I HEARD MEMBERS OF THE MAJORITY COME TO THE FLOOR TALKING ABOUT THE NEED TO ADDRESS THE NATIONAL DEBT. APPARENTLY THAT WAS LITTLE MORE THAN A TALKING POINT BECAUSE THIS BILL EXPLODES THE DEBT BY $1.5 TRILLION AND COMPLETELY UNPAID FOR. LAW REQUIRES PROGRAMS, A $25 BILLION CUT TO MEDICARE. THIS ISN'T FEAR MONGERING. THIS IS FACT. SPEAKER RYAN SAID JUST LAST WEEK, AND I QUOTE, WE'RE GOING TO HAVE TO GET BACK NEXT YEAR. NEXT YEAR WE'RE GOING TO SAY, OH, MY, WE'RE GOING TO HAVE TO DO SOMETHING ABOUT THIS SPENDING AND THIS DEBT. SO WE'LL HAVE TO CUT SPENDING AND WHAT DOES HE WANT TO CUT? THE THINGS HE ALWAYS WANTED TO CUT. HE SAYS, AND I QUOTE, WE WILL HAVE TO GET BACK NEXT YEAR AT ENTITLEMENT REFORM, WHICH IS HOW YOU TACKLE THE DEBT AND THE DEFICIT. AND WE'VE KNOWN HE'S WANTED TO DO THAT FOR A LONG TIME. SO LET ME SAY THIS TO THE PUBLIC WATCHING TODAY. WHEN THIS MAJORITY SPEAKS OF REFORM, BE VERY WORRIED ABOUT YOUR FUTURE. BECAUSE THEY PUSH THIS SCAM UNDER THE GUISE OF SO-CALLED REFORM IS SIMPLY A CORPORATE GIVEAWAY. SOON THEY'LL BE BACK HERE TALKING ABOUT REFORMING SOCIAL SECURITY AND MEDICARE TO PAY WHAT IS GOING TO HAPPEN HERE TODAY. SO LET'S CALL IT WHAT IT REALLY IS, A SYSTEMATIC DISMANTLING OF THE SOCIAL CONTRACT. IT WILL IMPACT EVERYONE FROM CHILDREN TO VETERANS TO THE DISABLED AND IT BEGINS TODAY WITH THIS BILL TO HELP THE WEALTHY WHO HAVEN'T EVEN ASKED FOR IT. I RESERVE THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 10:43:12 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY'S TIME IS RESERVED. THE GENTLEMAN FROM TEXAS.

                                  • 10:43:15 AM

                                    MR. SESSIONS

                                    MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE…

                                    MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED GENTLEMAN FROM THE FINANCIAL SERVICES COMMITTEE TO TALK ABOUT A PIECE OF THIS BILL THAT'S FROM FINANCIAL SERVICES, THE GENTLEMAN FROM ST. ELIZABETH, MISSOURI, CONGRESSMAN LUETKEMEYER.

                                    Show Full Text
                                  • 10:43:28 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM MISSOURI IS RECOGNIZED FOR THREE MINUTES.

                                  • 10:43:31 AM

                                    MR. LUETKEMEYER

                                    THANK YOU, MR. SPEAKER. THANK YOU, MR. CHAIRMAN. THANK YOU FOR YOUR…

                                    THANK YOU, MR. SPEAKER. THANK YOU, MR. CHAIRMAN. THANK YOU FOR YOUR STEADFAST SUPPORT ON SO MANY IMPORTANT FINANCIAL SERVICES ISSUES. MR. SPEAKER, FIRST, I WANT TO QUICKLY LEND MY SUPPORT TO THE TAX PACKAGE SLATED TO BE CONSIDERED BY THE HOUSE TODAY. THIS LEGISLATION WILL BRING SIMPLICITY AND FAIRNESS TO THE TAX CODE. IT WILL LOWER TAX RATES SO INDIVIDUALS AND JOB CREATORS CAN INVEST IN OUR COMMUNITIES AND HIRE MORE WORKERS. I ALSO WANT TO COMMEND CHAIRMAN BRADY AND THE HOUSE LEADERSHIP FOR THEIR INCREDIBLE WORK ON THIS ISSUE. SECONDLY, MR. SPEAKER, BELIEVE IT OR NOT, THERE'S ANOTHER BILL SLATED TO BE CONSIDERED TODAY BY THIS BODY. H.R. 3312, SYSTEMIC RISK DESIGNATION IMPROVEMENT ACT. IT WILL REMOVE THE ILL-CONCEIVED APPROACH IN DODD-FRANK TO DESIGNATE BANK HOLDING COMPANIES AS SYSTEMICALLY IMPORTANT FINANCIAL INSTITUTIONS OR SIFI'S. THE DESIGNATION OF SIFI'S IS BASED SOLELY ON SIZE. MORE THAN $50 BILLION IN ASSETS IS SUBJECT TO ENHANCED REGULATORY SUPERVISION AND A VARIETY OF SPECIAL ASSESSMENTS. THIS APPROACH FAILS TO TAKE INTO ACCOUNT DIFFERENCES IN BUSINESS MODELS OR RISKS POSED TO THE FINANCIAL SYSTEM. AS A FORMER BANK REGULATOR I CAN TELL YOU THIS ISN'T A RESPONSIBLE BASIS FOR SUPERVISION. A FACT HAS BEEN RECOGNIZED BY FED CHAIR YELLIN, FORMER TREASURY SECRETARY LEW. EVEN BARNEY FRANK, AUTHOR OF DODD-FRANK, HAS SAID THE $50 BILLION THRESHOLD IS COMPLETELY ARBITRARY AND HAS HAD NEGATIVE IMPLICATIONS ON OUR ECONOMY. THIS LEGISLATION CLOSELY TIES THE SAFEGUARDS INTENDED IN THE DESIGNATION OF A BANK HOLDING COMPANY WITH THE RISK TO THE SYSTEM. MY LEGISLATION WILL REQUIRE THE FEDERAL RESERVE TO EXAMINE NOT JUST SIZE BUT ALSO INTERCONNECTEDNESS, THE EXTENT OF READILY AVAILABLE SUBSTITUTES, GLOBAL CROSS-JURISDICTIONAL CRITERIA, CRITERIA THEY USE IN THEIR OWN RISK CALCULATION ANALYSIS. AN INEFFICIENT REGULATORY STRUCTURE CAN HAVE REAL ECONOMIC CONSEQUENCES. WE SHOULD NO LONGER LET THE SIFI PROCESS LEAD TO MARKETPLACE DISRUPTION OR PENALIZE COMPANIES BASED ON SIZE ALONE. IT'S TIME TO TAKE A MORE PRAGMATIC APPROACH TO THIS PROCESS AND MORE GENERALLY THE PUNITIVE REGULATORY REGIME HITTING FINANCIAL INSTITUTIONS AND THEIR CUSTOMERS. IT'S TIME TO ACTUALLY MANAGE RISK AND LIMIT REAL THREATS TO OUR FINANCIAL SYSTEM. THIS LEGISLATION RECEIVED BROAD BIPARTISAN SUPPORT WHEN IT WAS REPORTED BY THE FINANCIAL SERVICES COMMITTEE WITH A VOTE OF 47-12. THAT MEANS NEARLY 80% OF OUR COMMITTEE MEMBERS VOTED IN FAVOR OF THIS LEGISLATION. I HOPE OUR HOUSE COLLEAGUES WILL JOIN US IN SUPPORTING H.R. 3312 LATER TODAY, AND THANK YOU, AGAIN, MR. CHAIRMAN, FOR YOUR LEADERSHIP AND YOUR HELP WITH THIS INITIATIVE. WITH THAT, MR. SPEAKER, I YIELD BACK THE BALANCE OF MY TIME. .

                                    Show Full Text
                                  • 10:46:18 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM NEW YORK.

                                  • 10:46:20 AM

                                    MS. SLAUGHTER

                                    MR. SPEAKER, I YIELD ONE MINUTES TO THE GENTLEMAN FROM TEXAS, MR. DOGGETT.

                                  • 10:46:24 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM TEXAS IS RECOGNIZED FOR ONE MINUTE.

                                  • 10:46:27 AM

                                    MR. DOGGETT

                                    MR. SPEAKER, THE WORLD'S BIGGEST CORPORATE TAX DODGERS GET THE MOST OUT OF…

                                    MR. SPEAKER, THE WORLD'S BIGGEST CORPORATE TAX DODGERS GET THE MOST OUT OF THIS BILL, A 40% REDUCTION IN THE CORPORATE TAX RATE, AND THE RIGHT TO BRING BACK THOSE PROFITS THEY HAVE HIDDEN IN CARIBBEAN HIDE AWAYS FOR PENNIES ON THE DOLLAR. ANOTHER LOOPHOLE WILL ENCOURAGE JOBS IN AMERICA TO BE EXPORTED ABROAD. A LONG COMMUTE TO WORK IF THE JOB IS IN EUROPE OR ASIA. OF COURSE, THEY HAVE CAMOUFLAGED THIS CORPORATE TAX GIVEAWAY WITH SOME CHANGES FOR INDIVIDUALS. WHO GETS THOSE? WELL, IT'S A WHO'S WHO OF NOT YOU. THE TRUMP FAMILY, REAL ESTATE MOGULS, THEIR BILLIONAIRE BUDDIES. DISGUISED AS A MIDDLE CLASS TAX RELIEF, THIS RETCHED BILL TARGETS THE MIDDLE CLASS WITH A DIME OF EVERY DOLLAR THAT IS IN THE BILL. WHAT MOST AMERICANS WILL REALLY GET IS AMERICANS WILL REALLY GET IS MORE DEBT. AND THE COMING CUTS THAT THESE REPUBLICANS WILL INSIST ON MAKING TO MEDICARE, MEDICAID, AND EDUCATIONAL OPPORTUNITY. TAX FRAUD IS CRIMINAL, BUT PASSING THIS FRAUDULENT TAX BILL APPARENTLY IS NOT.

                                    Show Full Text
                                  • 10:47:45 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM TEXAS.

                                  • 10:47:47 AM

                                    MR. SESSION

                                    AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED…

                                    AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED GENTLEMAN, MEMBER OF THE REPUBLICAN LEADERSHIP, FROM MICHIGAN, CONGRESSMAN MITCHELL.

                                    Show Full Text
                                  • 10:47:53 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR THREE MINUTES.

                                  • 10:47:55 AM

                                    MR. MITCHELL

                                    THANK YOU, SIR. MR. SPEAKER, I RISE TO SET THE RECORD STRAIGHT ON TAX…

                                    THANK YOU, SIR. MR. SPEAKER, I RISE TO SET THE RECORD STRAIGHT ON TAX REFORM. THEY WOULD HAVE YOU BELIEVE THE TAX REFORM IS ONLY A BENEFIT TO THE WEALTHY OR HEARING THEM TODAY A PLOT BY THE TRUMP FAMILY. THAT'S SIMPLY PARTISAN RHETORIC. I HAVE LONG SAID I WOULD ONLY VOTE FOR TAX REFORM THAT HELPS FAMILIES LIVING PAYCHECK TO PAYCHECK. FAMILIES LIKE THE ONE I GREW UP IN. BY DAD WORKED ON THE LINE AT GENERAL MOTORS AND MY MOM WORKED AT SALVATION ARMY. MORE MONEY IN THEIR POCKET FROM THEIR PAYCHECK EVERY WEEK WOULD HAVE MADE A HUGE DIFFERENCE. THEY WORKED HARD TO SUPPORT THEIR FAMILY AND RAISE SEVEN CHILDREN. AND THAT LITTLE BIT OF MONEY WOULD HAVE MADE A DIFFERENCE. AND UNDOUBTEDLY NOW WILL MAKE A DIFFERENCE FOR THE AMERICAN PEOPLE. THAT'S EXACTLY WHAT THIS PLAN DOES. IT PUTS MEANINGFUL MONEY BACK IN THE POCKETS OF WORKING FAMILIES. A TYPICAL FAMILY IS PROJECTED TO SAVE OVER $2,000 A YEAR. NOW, THAT MAY NOT SOUND LIKE MUCH TO SOME ON THE OTHER SIDE OF THE AISLE, WHERE I GREW UP THAT'S HUGE. 57% OF AMERICANS WHO DON'T HAVE ENOUGH MONEY TO COVER A $500 EMERGENCY, THAT MONEY MATTERS. FOR BUSINESSES IT MEANS INVESTMENT, HIRING, AND BETTER WAGES. I TALKED TO BUSINESS OWNERS ACROSS MY DISTRICT AND THEY HAVE HAD THE SAME MESSAGE. CUT TAXES SO THEY CAN INCREASE WAGES AND HIRING. VICK, A RESTAURANT OWNER, TALKED TO ME ABOUT TAX CUTS THAT WOULD HELP HIS BUSINESS. WE PAY OUR TAXES FIRST, PEOPLE SECOND, WE PAY OUR BILLS THIRD, AND IF THERE IS ANYTHING LEFT OVER, WE GET PAID. OUR TAX SHOULDN'T BE CHALLENGE OR IMPEDIMENT FOR SMALL BUSINESS OWNERS LIKE VIC. AMERICANS PAY MORE IN TAXES THAN THEY PAY FOR FOOD AND CLOTHING. IT'S TIME TO FIX THIS. THIS. THIS TAX PLAN DOES THAT. THIS TAX PLAN HELPS FAMILIES AND BUSINESSES ACROSS MY DISTRICT AND ACROSS AMERICA WHICH IS WHY I PROUDLY SUPPORT T I URGE MY COLLEAGUES TO DO THE SAME. -- SUPPORT IT. I URGE MY COLLEAGUES TO DO THE SAME. THANK YOU, I YIELD BACK.

                                    Show Full Text
                                  • 10:50:01 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM NEW YORK.

                                  • 10:50:02 AM

                                    MS. SLAUGHTER

                                    I'M DELIGHTED TO YIELD ONE MINUTE TO THE GENTLEWOMAN FROM FLORIDA, MS.…

                                    I'M DELIGHTED TO YIELD ONE MINUTE TO THE GENTLEWOMAN FROM FLORIDA, MS. CASTOR. THE CONFEREE.

                                    Show Full Text
                                  • 10:50:10 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM FLORIDA IS RECOGNIZED.

                                  • 10:50:13 AM

                                    MS. CASTOR

                                    HERE WE'RE ABOUT ONE WEEK BEFORE CHRISTMAS AND THE G.O.P. HAS PROPOSED A…

                                    HERE WE'RE ABOUT ONE WEEK BEFORE CHRISTMAS AND THE G.O.P. HAS PROPOSED A TAX BILL THAT EBENEZER SCROOGE WOULD LOVE. IT IS A BIG BAH-HUMBUG FOR AMERICA AND THE FAMILIES AND COMMUNITIES WE REPRESENT BACK HOME. THEIR BILL WILL RAISE TAXES ON MILLIONS OF AMERICAN MIDDLE CLASS FAMILIES WHILE SHOWERING TAX BREAKS AND NEW LOOPHOLES ON THE SUPER RICH AND BIG CORPORATIONS. IT IS FUNDAMENTALLY UNFAIR. AND IT DOES THIS WITH A MASSIVE INCREASE TO OUR NATIONAL DEBT OF ABOUT $2.3 TRILLION. IN ESSENCE, MORTGAGING THE FUTURE FOR OUR KIDS AND GRANDKIDS, AND SQUEEZING OUT OUR ABILITY TO INVEST IN MEDICAL RESEARCH, MODERN INFRASTRUCTURE, AND THEY ADMIT THEY ARE GOING TO LOOK TO CUT AND RAISE COSTS ON FAMILIES WHO DEPEND ON MEDICAID AND MEDICARE. IT IS NOT FAIR AND THEY EVEN GO SO FAR AS TO RIP HEALTH COVERAGE AWAY FROM 13 MILLION AMERICANS IN THIS BILL. ANOTHER ATTACK ON THE A.C.A. IN FLORIDA WE HAVE 1.7 MILLION OF MY NEIGHBORS WHO RELY ON HEALTH CARE DOT GOV INSURANCE POOL. THEY ARE IN ESSENCE GIVING THEM A LUMP OF COAL FOR CHRISTMAS. DEFEAT THIS BILL, VOTE NO ON THIS SCROOGE TAX BILL.

                                    Show Full Text
                                  • 10:51:32 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM TEXAS.

                                  • 10:51:33 AM

                                    MR. SESSION

                                    BY THE WAY, THE GENTLEWOMAN WOULD WANT TO STATE THAT WE'RE NOT TAKING THIS…

                                    BY THE WAY, THE GENTLEWOMAN WOULD WANT TO STATE THAT WE'RE NOT TAKING THIS AWAY. THERE WILL BE A ONE-YEAR TRANSITION. SO, SORRY, IT WILL NOT BE EBENEZER SCROOGE AT CHRISTMAS. IT WILL BE THE BRIGHT LIGHTS OF A BIG FUTURE THAT LIES AHEAD FOR US. MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD FIVE MINUTES TO THE DISTINGUISHED GENTLEMAN FROM BUTLER, PENNSYLVANIA, CONGRESSMAN MIKE OWE KELLY.

                                    Show Full Text
                                  • 10:51:56 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR FIVE MINUTES. MR. OWE…

                                    THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED FOR FIVE MINUTES. MR. OWE KELLY -- MR. O'KELL-L-ILY: I RISE IN SUPPORT --

                                    Show Full Text
                                  • 10:52:03 AM

                                    MR. O'KELL-L-ILY

                                    MR. O'KELL-L-ILY: I RISE IN SUPPORT --

                                  • 10:52:08 AM

                                    MR. KELLY

                                    SOMETIMES THE MESSAGE GOES BACK AND FORTH AND UNFORTUNATELY THIS IDEA OF…

                                    SOMETIMES THE MESSAGE GOES BACK AND FORTH AND UNFORTUNATELY THIS IDEA OF IDENTITY POLITICS IS WHAT WE HAVE TO PLAY ALL THE TIME. I STEAD OF TALKING TO THE AMERICAN PEOPLE, WE TALK PAST THE AMERICAN PEOPLE. AND WE TRY TO MAKE IT SO DIVISIVE THAT THEY CAN'T SEE THE FACTS. I WOULD JUST TELL MY FRIENDS ON THE OTHER SIDE, AS A CHILD GROWING UP I THINK ALL OF US WERE THE SAME. WE WOULD SIT DOWN ABOUT THIS TIME OF YEAR AND WRITE A LETTER TO SANTA. WE WOULD ASK SANTA CLAUS FOR EVERYTHING WE WANTED. AND IT WAS MAILED OFF TO THE NORTH POLE. THEN WE COME DOWN CHRISTMAS MORNING AND SEE THAT CHRISTMAS TREE AND THOSE GIFTS LAID OUT. WE NEVER GOT EVERYTHING WE WANTED. WE WERE SURE THANKFUL FOR EVERYTHING WE GOT. THIS TO SANTA. WE WOULD ASK SANTA CLAUS FOR EVERYTHING WE WANTED. AND TAX CUT AND JOBS ACT IS SO CRITICAL. WHEN WE TALK ABOUT DEBT, IF I WERE TO TELL AN INVESTOR FOR EVERY DOLLAR YOU INVEST I CAN RETURN $1.90 ON IT THEY WOULD BE EXCITED. LET ME EXPLAIN SOMETHING WHEN WE TALK ABOUT AMERICAN FAMILIES, NOT REPUBLICAN FAMILIES, NOT DEMOCRAT FAMILIES, LIBERTARIAN FAMILIES, AIM TALKING ABOUT AMERICAN FAMILIES. TYPICAL FAMILY OF FOUR EARNING $73,000 A YEAR WILL SEE A CUT IN THEIR TAXES OF $2,059. A SINGLE PARENT WITH ONE CHILD EARNING $41,000 A YEAR WILL SEE A TAX REDUCTION OF $1,304. I WOULD ASK MY FRIENDS, PLEASE DO NOT BE ON THE WRONG SIDE OF HISTORY. YOU WILL HAVE AN OPPORTUNITY TODAY TO DO SOMETHING THAT IS GREAT FOR AMERICA, TO I WOULD ASK MY FRIENDS, PLEASE MAKE AMERICA GREAT AGAIN. WE LOOK AT EVERYTHING THAT'S GOING ON. AND WE DECIDE THAT SOMEHOW IN THIS HOUSE WE MUST BE DIVISIVE AND NOT UNITED. WHEN WE THINK THAT SOMEHOW GIVING PEOPLE MORE OF THEIR OWN MONEY BACK IS THE WRONG POLICY. WHEN WE THINK THAT SOMEHOW GIVING TAX RELIEF TO EVERY SINGLE AMERICAN IS THE WRONG POLICY. WHEN WE THINK THAT THE TONE AND TINT OF SOMEBODY'S SKIN, SHAPE OF THEIR EYE, WHERE THEY WORSHIP, WHERE THEY LIVE, WHAT THEY EARN IS THE MAIN ISSUE, AND WE CAN DIVIDE THEM AS A PEOPLE, THAT IS ABSOLUTELY WRONG. IT IS TOTALLY UN-AMERICAN. WHAT IS TRULY PRO-AMERICAN IS MAKING SURE THAT EVERY SINGLE AMERICAN GETS TO KEEP MORE OF HER OR HIS MONEY THAT THEY EARN, AND THEY DON'T HAVE TO GIVE IT TO THE GOVERNMENT. NOTHING COULD BE MORE SIMPLE. NOTHING COULD BE MORE EASY. I WOULD ASK ALL MY FRIENDS TO PLEASE, LET'S ACT IN THE BEST INTERESTS OF AMERICA. FORGET THE IDENTITY POLITICS. LOOK WHAT'S GOOD FOR THOSE NEIGHBORS OF YOURS. LOOK WHAT'S GOOD FOR THOSE FRIENDS OF YOURS AND THAT FAMILY OF YOURS. LET'S DECIDE WHERE AMERICA'S GOING TO GO. WE HAVE SEEN A DRAMATIC RISE IN OUR ECONOMY SINCE THE LAST ELECTION. THIS TAX CUT BILL, THIS JOBS BILL, WILL ALLOW THIS ECONOMY TO TAKE OFF. WHERE ALL BOATS WILL RISE, NOT JUST RED BOATS OR BLUE BOATS, BUT RED, WHITE, AND BLUE BOATS AND IT WILL HAPPEN AT THE BEST OF THE YEAR. A TIME WHEN PEOPLE LOOK TO THIS HOUSE TO DO THE RIGHT THING FOR THE RIGHT REASON, BECAUSE GOOD THINGS HAPPEN WHEN WE DO THAT. THIS IS AN INCREDIBLE OPPORTUNITY IN THE HISTORY OF THE COUNTRY. THIS IS AN INCREDIBLE OPPORTUNITY TO SHOW THE AMERICAN PEOPLE THAT WE'RE NOT DIVIDED AS A HOUSE. WE'RE UNITED. WE'RE UNITED IN DOING THE RIGHT THING FOR THEM. BECAUSE IT IS THE RIGHT THING. AND GOOD THINGS WILL HAPPEN. SO I WOULD LIKE TO WISH ALL MY FRIENDS ON BOTH SIDES OF THE AISLE AND ALL THOSE FOLKS AT HOME A VERY MERRY CHRISTMAS AND A HAPPY HOLIDAYS, AND ON CHRISTMAS MORNING I GUARANTEE YOU YOU MAY NOT GET EVERYTHING THAT YOU WISHED FOR, BUT YOU ARE GOING TO BE SO THANKFUL FOR EVERYTHING YOU GOT. LET'S PASS THIS TAX CUTS BILL AND JOBS BILL AND MAKE SURE AMERICA MOVES FORWARD. WE HAVE LABORED, WE HAVE LABORED FOR TOO LONG BEHIND THE REST OF THE WORLD. INDIVIDUALS HAVE MORE TAKE HOME PAVEMENT CORPORATION ALSO STAY HOME. THEY WILL MAKE INVESTMENTS IN LAND, BRICKS, AND MORTAL, AND EQUIPMENT, AND EDUCATION AND MAKING OUR WORKERS THE BEST -- MORTAR, AND EQUIPMENT, AND EDUCATION, AND MAKING OUR WORKERS THE BEST IN THE WORLD. WE WILL NOT ONLY PARTICIPATE, LEE DOMINATE AND THAT WILL TRICKLE DOWN TO EVERY SINGLE AMERICAN. NOT JUST RED, WHITE, AND BLUE, NOT JUST REPUBLICANS OR DEMOCRATS, BUT EVERY SINGLE AMERICAN. WHAT A WONDERFUL GIFT FOR CHRISTMAS. THANK YOU SO MUCH. I YIELD BACK.

                                    Show Full Text
                                  • 10:56:19 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM NEW YORK.

                                  • 10:56:28 AM

                                    MS. SLAUGHTER

                                    MR. SPEAKER,

                                  • 10:56:29 AM

                                    MS. SLAUGHTER

                                    MR. SPEAKER,

                                  • 10:56:35 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM KENTUCKY IS RECOGNIZED FOR ONE MINUTE.

                                  • 10:56:38 AM

                                    MR. YARMUTH

                                    I THANK MY FELLOW KENTUCKY NATIVE FOR YIELDING. TODAY, MY REPUBLICAN…

                                    I THANK MY FELLOW KENTUCKY NATIVE FOR YIELDING. TODAY, MY REPUBLICAN COLLEAGUES WILL VOTE TO APPROVE AN UNPOPULAR BILL. AMERICAN PEOPLE DON'T BUY THAT THIS BILL WILL HELP AMERICAN FAMILIES. MORE THAN 83 MILLION MIDDLE CLASS FAMILIES WILL SEE A TAX HIKE. THE PEOPLE SEE THE REPUBLICANS HAVE SOLD THEIR SOULS AND PRINCIPLES TO GIVE TAX CUTS TO WEALTHY CORPORATIONS AND TO PAY BACK THEIR BILLIONAIRE DONORS. THEY KNOW THE REPUBLICANS HAVE ABANDONED ANY CLAIM TO FISCAL RESPONSIBILITY. AFTER ALL, NONPARTISAN ANALYSIS CONCLUDE THIS BILL WILL ADD MORE THAN $1 TRILLION TO THE DEBT. BUT THE REPUBLICAN LEADERSHIP HAS A PLAN TO MAKE UP THE DIFFERENCE AND IT'S SOMETHING ELSE. THEY ARE ALREADY WORKING ON LEGISLATION TO MAKE MASSIVE CUTS TO MEDICARE, MEDICAID, AND OTHER PROGRAMS FAMILIES NEED. THIS ISN'T TAX REFORM. THIS ISN'T HELP FOR THE MIDDLE CLASS. IT'S A SCAM. IT'S FRAUD. AND IT WILL HAVE DANGEROUS LONG LASTING CONSEQUENCES FOR THE AMERICAN PEOPLE. I URGE MY COLLEAGUES TO DEFEAT THE RULE AND TO REJECT THIS SCANDALOUS REPUBLICAN DONOR PAYBACK LEGISLATION. I YIELD BACK.

                                    Show Full Text
                                  • 10:57:38 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM TEXAS.

                                  • 10:57:40 AM

                                    MR. SESSIONS

                                    MR. SPEAKER, THANK YOU VERY MUCH. MR. SPEAKER, AT THIS TIME I'D LIKE TO…

                                    MR. SPEAKER, THANK YOU VERY MUCH. MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED GENTLEMAN FROM THE RULES COMMITTEE, THE GENTLEMAN FROM FAIR HOPE, ALABAMA, CONGRESSMAN BRADLEY BYRNE.

                                    Show Full Text
                                  • 10:57:53 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM ALABAMA IS RECOGNIZED FOR THREE MINUTES.

                                  • 10:57:56 AM

                                    MR. BYRNE

                                    I THANK THE CHAIRMAN FOR YIELDING AND FOR HIS CONTINUED LEADERSHIP. WE ARE…

                                    I THANK THE CHAIRMAN FOR YIELDING AND FOR HIS CONTINUED LEADERSHIP. WE ARE ON THE CUSP OF SOMETHING TRULY HISTORIC THAT WILL MAKE LIFE BETTER FOR MILLIONS OF PEOPLE ACROSS THE UNITED STATES. BY REFORMING THE TAX CODE, WE WILL BE ABLE TO PUT MORE MONEY IN PEOPLE'S POCKETS AND CREATE A FAIRER AND SIMPLER TAX SYSTEM. UNDER THE CURRENT TAX CODE, WELL-OFF INDIVIDUALS AND BIG BUSINESSES CAN HIRE LOBBYISTS AND LAWYERS TO HELP THEM FIND LOOPHOLES AND SPECIAL INTEREST GIVEAWAYS ALL AT THE EXPENSE OF WORKING AMERICANS. WITH OUR PLAN, THE TAX CODE WILL BE SIMPLIFIED. LOOPHOLES WILL BE CLOSED. AND THE PLAYING FIELD WILL BE LEVELED. I WANT TO MAKE ONE THING CLEAR. IF YOU ARE LOOKING FOR A TAX PLAN THAT BENEFITS THE ELITE, THE WELL CONNECTED, AND 1%, THEN YOU NEED TO LOOK AT THE CURRENT TAX CODE. MR. SPEAKER, MY COLLEAGUES ON THE OTHER SIDE OF THE AISLE ARE GOING TO GREAT LENGTHS TO DEFEND THE CURRENT TAX CODE THAT TRULY BENEFITS THE TOP 1%. FOR EXAMPLE, THE DEMOCRATIC LEADER HAS CALLED THE TAX CUTS AND JOBS ACT, QUOTE, THE END OF THE WORLD, CLOSE QUOTE. SO APPARENTLY GIVEN THE HARDWORKING -- GIVING THE HARDWORKING PEOPLE IN THIS COUNTRY IS TO HER, ARMAGEDDON, CLOSE QUOTE. LISTEN, STOP WITH ALL THE DOOMSDAY POLITICAL RHETORIC, CUT TO THE CHASE, AND SAY WHAT THIS BILL REALLY DOES. IT CUTS TAXES ON HARDWORKING AMERICANS AND ALLOWS THEM TO KEEP MORE MONEY IN THEIR POCKETS. IT SUPPORTS AMERICAN FAMILIES BY INCREASING THE CHILD TAX CREDIT AND DOUBLING THE STANDARD DEDUCTION. IT GROWS THE AMERICAN ECONOMY BY MAKING THE CORPORATE TAX CODE ACTUALLY COMPETITIVE WITH OTHER INDUSTRIALIZED COUNTRIES. IT BENEFITS MAIN STREET BUSINESSES AND ALABAMA AND ACROSS THE COUNTRY -- IN ALABAMA AND ACROSS THE COUNTRY WITH A NEW 20% TAX REDUCTION FOR PASS-THROUGH INCOME. IT WILL LEAD TO GREATER ECONOMIC GROWTH, HIGHER WAGES, AND MORE JOBS WHICH IS EXACTLY WHAT THE AMERICAN PEOPLE SENT PRESIDENT TRUMP AND THE REPUBLICAN CONGRESS TO WASHINGTON TO DO. SO LET'S SAVE THE POLITICAL HYPERBOLE FOR ANOTHER DAY. PASS THE TAX CUTS AND JOBS ACT AND GIVE THE AMERICAN PEOPLE A REAL CHRISTMAS PRESENT AND PUT MORE MONEY IN THEIR POCKETS. I YIELD BACK. .

                                    Show Full Text
                                  • 11:00:31 AM

                                    MS. SLAUGHTER

                                    I'M PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM MINNESOTA, MR.…

                                    I'M PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM MINNESOTA, MR. ELLISON.

                                    Show Full Text
                                  • 11:00:36 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

                                  • 11:00:38 AM

                                    MR. ELLISON

                                    I ASK THE AMERICAN PEOPLE TO ASK THEMSELVES -- HAVE YOU EVER SEEN A…

                                    I ASK THE AMERICAN PEOPLE TO ASK THEMSELVES -- HAVE YOU EVER SEEN A REPUBLICAN BIG-TIME TAX CUT FOR THE WEALTHY AND BIG COMPANIES EVER TRICKLE DOWN TO THEM? IF YOU LOOK OVER THE COURSE OF THESE THINGS THAT THEY DO EVERY FEW YEARS, ALL THEY DO IS CONCENTRATE WEALTH AT THE VERY TOP AND TAKE MONEY OUT OF THE HANDS OF WORKING PEOPLE. THEY STARVE GOVERNMENT AND MAKE IT MORE DIFFICULT FOR YOUR GOVERNMENT, WHICH IS OF, BY, AND FOR THE PEOPLE TO HELP YOU WITH DISASTER, WITH SOCIAL SECURITY, MEDICAID, MEDICARE, OR ANY KIND OF PROGRAM THAT YOU NEED. IT JUST STARVES THE GOVERNMENT OF ITS ABILITY TO MAKE YOUR LIFE BETTER. BUT YOU KNOW WHAT, MR. SPEAKER. ANOTHER THING ABOUT THIS PARTICULAR TAX BILL. YOU KNOW, THEY'VE BEEN STUDYING IT, AND THERE IS GOING TO BE ONE TREMENDOUS BENEFICIARY OF THIS TAX BILL. IT'S GOING TO BE WELLS FARGO. WELLS FARGO, WHICH WILL SEE ITS CORPORATE TAX RATE DROP DOWN TO 21% FROM THE 35% IT IS NOW IS GOING TO MAKE ON AVERAGE A 13% INCREASE IN EARNINGS PER SHARE. REMEMBER THAT BIG COMPANY, THAT BIG COMPANY THAT OPENED UP A BUNCH OF ACCOUNTS PEOPLE DIDN'T NEED, SOLD PEOPLE INSURANCE IT DIDN'T NEED. THEY WILL BE DOING BETTER. AMERICAN FAMILIES WILL BE DOING WORSE. VOTE NO ON THIS RULE. NO ON THE TAX BILL.

                                    Show Full Text
                                  • 11:01:51 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS.

                                  • 11:01:54 AM

                                    MR. SESSIONS

                                    MR. SPEAKER, I'D LIKE TO YIELD ONE MINUTE TO THE DISTINGUISHED GENTLEMAN…

                                    MR. SPEAKER, I'D LIKE TO YIELD ONE MINUTE TO THE DISTINGUISHED GENTLEMAN FROM TAYLORVILLE, ILLINOIS, THE CONGRESSMAN, RODNEY DAVIS.

                                    Show Full Text
                                  • 11:02:01 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM ILLINOIS IS RECOGNIZED FOR ONE MINUTE.

                                  • 11:02:03 AM

                                    MR. DAVIS

                                    I THANK CHAIRMAN SESSIONS FOR HIS LEADERSHIP AND FOR YIELDING. MR.…

                                    I THANK CHAIRMAN SESSIONS FOR HIS LEADERSHIP AND FOR YIELDING. MR. CHAIRMAN, WE ARE ABOUT TO MAKE HISTORY THIS WEEK BY DELIVERING A TAX CUT TO FAMILIES AT EVERY INCOME LEVEL. THE MATH CLEARLY SHOWS THE AVERAGE FAMILY OF FOUR MAKING THE COUNTRY'S MEDIAN INCOME OF $73,000 WILL RECEIVE A $2,000 TAX CUT. YET, MANY OF MY TWRENDS ON THE OTHER SIDE OF THE AISLE CONTINUE TO -- FRIENDS ON THE OTHER SIDE OF THE AISLE CONTINUE TO SAY THIS WILL RAISE TAXES ON MILLIONS OF MIDDLE CLASS FAMILIES. THAT'S JUST NOT TRUE. UNLESS YOU'RE REFERRING TO 2025 WHEN THESE TAX CUTS EXPIRE AND WE GO BACK TO THE STATUS QUO. WHY IS THERE AN EXPIRATION DATE? BECAUSE MANY OF THE SAME PEOPLE USING THIS AS A TALKING POINT AGAINST THIS BILL ARE THE REASON THEY SUNSET. IF WE COULD GET 60 VOTES IN THE SENATE REQUIRING JUST A FEW OF MY FRIENDS ON THE OTHER SIDE OF THE AISLE TO WORK WITH US, WE COULD MAKE THIS TAX CUT FOR MIDDLE CLASS FAMILIES PERMANENT. I WILL GIVE THEM ANOTHER CHANCE TO SUPPORT TAX CUTS FOR THOSE IN THEIR DISTRICT. I WILL HAVE A BILL THAT MAKE THE INDIVIDUAL TAX CUTS PERMANENT. I DON'T THINK ANYONE BELIEVES WE WILL LET THEM EXPIRE. NONETHELESS, I WILL MAKE SURE THIS IS IN PLACE FOR MIDDLE CLASS FAMILIES THIS YEAR AND MAKE SURE THEY'RE HERE TO STAY. I HOPE EACH AND EVERY ONE OF MY COLLEAGUES WILL SIGN ON AS A CO-SPONSOR. I YIELD BACK.

                                    Show Full Text
                                  • 11:03:24 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM NEW YORK. SLAUTH MR. SPEAKER, I'M PLEASED TO YIELD TWO…

                                    THE GENTLELADY FROM NEW YORK. SLAUTH MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLELADY FROM --

                                    Show Full Text
                                  • 11:03:30 AM

                                    MS. SLAUGHTER

                                    MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLELADY FROM…

                                    MR. SPEAKER, I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLELADY FROM CALIFORNIA, MS. LEE.

                                    Show Full Text
                                  • 11:03:33 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY IS RECOGNIZED FOR TWO MINUTES.

                                  • 11:03:36 AM

                                    MS. LEE

                                    I WANT TO THANK THE GENTLEWOMAN FOR YIELDING AND FOR YOUR LEADERSHIP. I…

                                    I WANT TO THANK THE GENTLEWOMAN FOR YIELDING AND FOR YOUR LEADERSHIP. I RISE IN STRONG OPPOSITION TO THIS BILL AND THE UNDERLYING BILL WHICH IS THE GREATEST TAX SCAM IN AMERICA'S HISTORY. IT'S CRUEL AND IT'S COLD HEARTED. IT STEALS FROM LOW AND MIDDLE INCOME FAMILIES AND LINES THE POCKETS OF MILLIONAIRES, BILLIONAIRES AND WEALTHY CORPORATIONS AND, YES, IT MAKES IT EASIER FOR CORPORATIONS TO SHIP JOBS OVERSEAS. NOW, FOR WEEKS REPUBLICANS HAVE BEEN SELLING THE PIPE DREAM THAT TAX CUTS FOR THE RICH WILL SOMEHOW TRICKLE DOWN AND BENEFIT THE MAJORITY OF AMERICANS. THAT IS SO FAR FROM THE TRUTH. JUST YESTERDAY THE TAX POLICY CENTER REVEALED THAT 83% OF THE TAX BREAKS IN THIS COUNTRY GO TO THE TOP 1%. WHAT'S WORSE, 86 MILLION MIDDLE INCOME HOUSEHOLDS WILL FACE TAX HIKES AND 13 MILLION AMERICANS WILL LOSE HEALTH CARE COVERAGE. MR. SPEAKER, CONSTITUENTS IN MY CONGRESSIONAL DISTRICT ARE AFRAID OF THEIR FUTURE BECAUSE THIS TAX SCAM IS GOING TO SEVERELY DEVASTATE FAMILIES IN CALIFORNIA. NEARLY TWO MILLION CALIFORNIANS STAND TO LOSE THEIR STATE AND LOCAL DEDUCTIONS IF REPUBLICANS SUCCEED. THIS IS TRULY A SLAP IN THE FACE TO THE AMERICAN PEOPLE. REPUBLICANS HAVE ALWAYS -- ALREADY AND ALWAYS, YES, MADE IT CLEAR THAT THIS TAX SCAM IS A TROJAN HORSE FOR REPUBLICANS TO TAKE AN AX TO MEDICARE, SOCIAL SECURITY, AND PROGRAMS THAT LIFT PEOPLE OUT OF POVERTY. BUT THE PUBLIC IS NOT GOING TO LET THEM GET AWAY WITH THIS. THEY WILL REMEMBER WHO IS SHATTERING THEIR LIVES. THIS BILL IS RUTHLESS. IT MAKES CLEAR THE REPUBLICANS ONLY VALUE THE LIVES OF THE WEALTHY AND THEIR DONORS. THAT'S WHOSE SIDE THEY'RE ON. WELL, DEMOCRATS ARE ON THE SIDE OF MIDDLE AND LOW INCOME FAMILIES WHO ARE WORKING HARD JUST TO MAKE ENDS MEET, TO TAKE CARE OF THEIR CHILDREN, TO MAKE BETTER WAGES AND WHO ARE FIGHTING FOR A BETTER FUTURE. WE SHOULD OPPOSE THIS BILL AND THIS TAX SCAM BILL -- EXCUSE ME -- AND THIS RULE. IT'S REALLY A RAW DEAL FOR THE AMERICAN PEOPLE. THE PUBLIC KNOWS WHOSE SIDE WE'RE ON. THE PUBLIC KNOWS WHOSE SIDE THAT THE REPUBLICANS ARE. THANK YOU AND I YIELD THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 11:05:36 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM TEXAS WITH 10 3/4 MINUTES REMAINING.

                                  • 11:05:39 AM

                                    MR. SESSIONS

                                    THANK YOU VERY MUCH, MR. SPEAKER. AT THIS TIME I'D LIKE TO IF I COULD…

                                    THANK YOU VERY MUCH, MR. SPEAKER. AT THIS TIME I'D LIKE TO IF I COULD ADVISE THE GENTLEWOMAN TO BALANCE OUT THE TIME I WILL ALLOW HER TO HAVE THE NEXT COUPLE SPEAKERS SO WE CAN EQUAL THE TIME SO I RESERVE MY TIME.

                                    Show Full Text
                                  • 11:05:50 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN'S TIME IS RESERVED. THE GENTLELADY FROM NEW YORK.

                                  • 11:05:53 AM

                                    MS. SLAUGHTER

                                    THANK YOU, MR. SPEAKER. I'M PLEASED TO YIELD 1 1/2 MINUTES TO THE…

                                    THANK YOU, MR. SPEAKER. I'M PLEASED TO YIELD 1 1/2 MINUTES TO THE GENTLEMAN FROM RHODE ISLAND, MR. LANGEVIN.

                                    Show Full Text
                                  • 11:05:59 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM RHODE ISLAND IS RECOGNIZED FOR 1 1/2 MINUTES.

                                  • 11:06:02 AM

                                    MR. LANGEVIN

                                    I THANK THE GENTLELADY FOR YIELDING. MR. SPEAKER, TODAY WE ARE DEBATING…

                                    I THANK THE GENTLELADY FOR YIELDING. MR. SPEAKER, TODAY WE ARE DEBATING THE FINAL VERSION OF THE REPUBLICAN TAX BILL WHICH I CANNOT SUPPORT. THIS BILL WAS FLAWED FROM THE START. FIRST OF ALL, IT WAS NEVER DEFICIT NEUTRAL. AND THERE WAS NEVER A BIPARTISAN NEGOTIATION. THIS IS A REPUBLICAN-ONLY BILL, AND IT WAS DEVELOPED WITHOUT ANY INPUT AT ALL FROM DEMOCRATS BECAUSE THEY NEVER SOUGHT OUR INPUT AT ALL. MY REPUBLICAN COLLEAGUES SAY IT WILL JUMP-START THE ECONOMY. WELL, WE CAN DO JUST THAT, BY PROVIDING TAX CUTS TO WORKING CLASS FAMILIES. WHOSE PAYCHECKS ARE ALREADY STRETCHED FAR TOO THIN AND WOULD REINVEST THAT MONEY IN THE LOCAL ECONOMY. NOW, INSTEAD, THIS BILL PROVIDES THEM WITH CRUMBS AND TEMPORARY CRUMBS AT THAT. UNDER THIS PLAN, CORPORATE CUTS, THOUGH, WOULD BE PERMANENT. THIS BILL WE'LL SEE AN ENTIRELY DIFFERENT, MORE EXPENSIVE INDIVIDUAL TAX CODE IN 2025 WHEN THE MIDDLE CLASS TAX CUTS EXPIRE. THIS BILL ALSO BALLOONS THE NATIONAL DEBT. MAKE NO MISTAKE ABOUT IT. AND IT REPEALS A CRITICAL HEALTH CARE PROVISION THAT WILL RESULT IN 13 MILLION AMERICANS BECOMING UNINSURED. NOW, THESE DAYS I HEAR A LOT ABOUT ACCOUNTABILITY AND ENCOURAGING COMPETITIVENESS FOR THE AMERICAN WORKER WHICH I SUPPORT, BUT THIS BILL WITH ITS NOVEL LOOPHOLES AND FLAWED TRICKLED DOWN PHILOSOPHY DOES NEITHER. IT'S A WASTED OPPORTUNITY. I BELIEVE IT'S NOT TOO LATE, BUT THE WAY THIS BILL IS WRITTEN, I CANNOT SUPPORT IT. THIS WAS WRITTEN FOR CORPORATIONS AND THE WEALTHY 1% IN THIS COUNTRY. IT WAS NOT WRITTEN FOR A STRONG MIDDLE CLASS. WE CAN DO BETTER, AND I URGE MY COLLEAGUES TO OPPOSE THIS BILL.

                                    Show Full Text
                                  • 11:07:48 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM NEW YORK WITH 12 1/2 MINUTES REMAINING.

                                  • 11:07:52 AM

                                    MS. SLAUGHTER

                                    12 1/2, ALL RIGHT. THANK YOU, MR. SPEAKER. I YIELD ONE MINUTE TO THE…

                                    12 1/2, ALL RIGHT. THANK YOU, MR. SPEAKER. I YIELD ONE MINUTE TO THE GENTLEMAN FROM -- THE GENTLEWOMAN FROM TEXAS, MS. JACKSON LEE.

                                    Show Full Text
                                  • 11:08:00 AM

                                    THE SPEAKER PRO TEMPORE

                                    LEE.

                                  • 11:08:04 AM

                                    MS. JACKSON LEE

                                    JACKSON LEE: A BILL THAT IS DONE IN THE DARK OF NIGHT, IN THE MIDST OF…

                                    JACKSON LEE: A BILL THAT IS DONE IN THE DARK OF NIGHT, IN THE MIDST OF CRISIS LIKE CHIP, PERKINS FUNDING FOR OUR STUDENTS, THE LACK OF FUNDING FOR THAT, THE LACK OF FUNDING FOR CHIP AND FOR HEALTH CARE FOR MILLIONS OF AMERICANS AND YET OUR FRIENDS ON THE OTHER SIDE GO WITHOUT SHAME IN PASSING THE G.O.P. TAX SCAM BILL. IN THE HOUSTON CHRONICLE THEY APTLY PUT WINNERS AND LOSERS AND THEY APTLY PUT AT THE TOP OF THE WINNERS WOULD BE THE TRUMP ORGANIZATION. THIS IS A CHRISTMAS GIFT FOR THE TRUMP FAMILY, NO ONE ELSE. WITH HUGE CUTS TO THE UNINSURED, TO COMMUTERS, AND TO HOMEOWNERS IN HIGH TAX STATES. THIS IS NOT A FAIR DISTRIBUTION OF FUNDS, AND IT'S CERTAINLY GOING TO IMPACT THOSE WHO ARE STILL SUFFERING FROM HURRICANES ALL OVER THE NATION. SO I ASK THE QUESTION, WHY THE RUSH? WHY THE RUSH TO GIVE TAX CUTS TO THE TOP 1% AND INCREASING TAXES ON MILLIONS OF MIDDLE CLASS AMERICANS TO PAY FOR A PERMANENT TAX? THE AMERICAN PEOPLE HAVE IT RIGHT. PERMANENT TAX CUT FOR THE RICH. THEY HAVE IT RIGHT. THIS IS THE WORST CATASTROPHIC BILL THAT HAS EVER BEEN PASSED BY THE MEMBERS OF THE REPUBLICAN PARTY AND THE HOUSE OF REPRESENTATIVES.

                                    Show Full Text
                                  • 11:09:45 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY IS NO LONGER RECOGNIZED.

                                  • 11:09:47 AM

                                    MS. JACKSON LEE

                                    I YIELD BACK.

                                  • 11:09:48 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM TEXAS.

                                  • 11:09:50 AM

                                    MR. SESSIONS

                                    THANK YOU, MR. SPEAKER. WE CONTINUE TO RESERVE.

                                  • 11:09:53 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN RESERVES HIS TIME. THE GENTLELADY FROM NEW YORK.

                                  • 11:09:57 AM

                                    MS. SLAUGHTER

                                    I'M PLEASED TO YIELD TWO MINUTES TO THE GENTLEMAN FROM VERMONT, MR. WELCH.

                                  • 11:10:01 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM VERMONT IS RECOGNIZED FOR TWO MINUTES.

                                  • 11:10:04 AM

                                    MR. WELCH

                                    I THANK THE GENTLELADY. WE DO NEED TAX REFORM. WE NEED TAX REFORM THAT WE…

                                    I THANK THE GENTLELADY. WE DO NEED TAX REFORM. WE NEED TAX REFORM THAT WE ALL DESCRIBED IN THE BEGINNING AS SOMETHING THAT WOULD HELP THE MIDDLE CLASS, IT WOULD SIMPLIFY TAXES, AND WOULD BE REVENUE NEUTRAL. THIS BILL, SOMETIMES DESCRIBED BY ITS AUTHORS AS DOING THOSE THINGS, ACCOMPLISHES NONE OF THOSE THINGS. FIRST OF ALL, THE MIDDLE CLASS. WAGES HAVE BEEN STAGNANT. THE JOBS PEOPLE ARE GETTING -- AREN'T PAYING THE BILLS AND WE KNOW THE BIGGEST CHALLENGES WE FACE IS INCREASING INVESTMENT, INCREASING WAGES AND INCREASING SECURITY. THERE IS SOME BENEFITS IN THIS BILL FOR THE MIDDLE CLASS. BUT LET'S GET REAL. THOSE BENEFITS ARE TINY AND THEY'RE TEMPORARY. VERMONT FAMILY, IF YOU'RE LUCKY, WE GET HIT WITH THE SALT DEDUCTION LOSS, YOU MIGHT MAKE A COUPLE HUNDRED BUCKS. BUT AT WHAT PRICE? ONCE THESE BENEFITS EXPIRE, 83% OF THE BENEFITS OF THE INDIVIDUAL TAX RATE GO TO THE TOP 1%. AT WHAT PRICE? $2 TRILLION ADDED TO THE DEFICIT, AND LET ME TELL YOU THIS. VERMONT FAMILIES, HARD-EARNING FAMILIES, WORKING FAMILIES, THEY'D LIKE A TAX CUT BUT NOT ONE THAT THEIR CHILDREN AND GRANDCHILDREN ARE GOING TO HAVE TO PAY. THAT IS UNCONSCIONABLE. WHAT ABOUT THESE CORPORATE TAX CUTS? WE WANT SIMPLIFICATION SO WE'RE COMPETITIVE. THERE'S A 40% REDUCTION FOR MULTINATIONAL CORPORATIONS, BUT IN THIS BILL, IS THERE ANY CORRESPONDING REQUIREMENT THAT THEY START REINVESTING IN AMERICA? EXACTLY THE OPPOSITE. THERE IS A LOWER TAX RATE FOR COMPANIES THAT INVEST ABROAD, SEND JOBS ABROAD RATHER THAN INVEST AT HOME. THAT'S OUTRAGEOUS. AND WHAT HAPPENS BECAUSE OF THIS DEFICIT? MEDICARE IS GOING TO BE CUT DIRECTLY AS A RESULT OF THIS TAX BILL. AND THE INFRASTRUCTURE PLAN WE ALL WANT IS EVAPORATING. I YIELD BACK, DEFEAT THIS RULE, DEFEAT THIS BILL.

                                    Show Full Text
                                  • 11:12:24 AM

                                    MR. SESSIONS

                                    MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEMAN…

                                    MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEMAN FROM ENNIS, TEXAS, CHAIRMAN BARTON.

                                    Show Full Text
                                  • 11:12:32 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

                                  • 11:12:34 AM

                                    MR. BARTON

                                    I THANK THE GENTLEMAN. I'D ASK UNANIMOUS CONSENT TO REVISE AND EXTEND MY…

                                    I THANK THE GENTLEMAN. I'D ASK UNANIMOUS CONSENT TO REVISE AND EXTEND MY REMARKS.

                                    Show Full Text
                                  • 11:12:38 AM

                                    TEMPORE WITHOUT

                                    WITHOUT OBJECTION.

                                  • 11:12:39 AM

                                    MR. BARTON

                                    MR. SPEAKER, I'M ONE OF THE FEW MEMBERS THAT WAS HERE BACK IN 1986 WHEN WE…

                                    MR. SPEAKER, I'M ONE OF THE FEW MEMBERS THAT WAS HERE BACK IN 1986 WHEN WE HAD THE LAST MAJOR TAX CUT BEFORE THIS BODY. THE PRESIDENT WAS RONALD REAGAN. THE SPEAKER OF THE HOUSE WAS TIP O'NEILL. THEY WORKED TOGETHER ON A BIPARTISAN BASIS TO CUT TAXES ACROSS THE BOARD. THE RESULT WAS THE ECONOMIC GROWTH OF THE LATE 1980'S AND THE EARLY 1990'S, UP UNTIL THE EARLY 2000'S WHEN WE HAD 9/11. IT'S ONE OF THE BEST VOTES I HAVE EVER TAKEN AS A MEMBER OF THIS BODY. WELL, NOW WE'RE HERE ON ANOTHER MAJOR TAX BILL. THE PROBLEM THIS TIME AROUND IS THAT THERE'S NO BIPARTISANSHIP. WHY IS THAT, MR. SPEAKER? IT'S NOT BECAUSE THE REPUBLICANS DON'T WANT TO BE BIPARTISAN. IT'S BECAUSE THE DEMOCRATIC LEADERSHIP THIS TIME AROUND HAS JUST SAID NO. THIS TAX -- THIS TAX BILL IS A GOOD BILL. THE DISTINGUISHED GENTLEMAN FROM VERMONT THAT JUST SPOKE IS CORRECT IN THAT IT'S NOT REVENUE NEUTRAL. BUT MR. SPEAKER, REVENUES ARE AT AN ALL-TIME HIGH. WE'RE GOING TO RAISE MORE MONEY THIS YEAR THAN WE EVER RAISED BEFORE AT THE FEDERAL LEVEL. LET ME REPEAT THAT. RAISE MORE MONEY THAN WE'VE EVER RAISED BEFORE AT THE FEDERAL LEVEL. ISN'T IT TIME TO GIVE HARDWORKING AMERICANS A LITTLE OF THAT MONEY BACK? THAT'S WHAT THIS BILL DOES. IT CUTS RATES FOR EVERY WORKING AMERICAN. LET ME REPEAT THAT. IT CUTS RATES FOR EVERY WORKING AMERICAN. NO MATTER WHAT YOUR TAX RATE IS TODAY, UNDER THIS BILL, IT'S GOING TO BE LOWER. IF YOU'RE AN INDIVIDUAL. IF YOU'RE A CORPORATION, IT'S GOING TO BE LOWER. IF YOU'RE ONE OF THESE PASS-THROUGHS, IT'S GOING TO BE LOWER. EVERY AMERICAN WHO IS PAYING TAXES TODAY IS GOING TO PAY LESS TAXES STARTING JANUARY 1, 2018. THAT'S A GOOD DEAL. THAT'S A GOOD DEAL. WE ARE CUTTING TAXES ACROSS THE BOARD FOR EVERY WORKING AMERICAN. WE REPEAL THE INDIVIDUAL MANDATE UNDER OBAMACARE. UNFORTUNATELY, IT DOESN'T KICK IN UNTIL 2019, BUT WE STILL REPEAL THAT. THIS IS A GOOD BILL. IT IS A HISTORIC BILL. IT IS A BILL THAT EVERYBODY IN THIS CHAMBER WILL BENEFIT FROM REGARDLESS OF WHETHER YOU VOTE FOR IT OR VOTE AGAINST IT. SO WHEN THE TIME COMES THIS AFTERNOON TO VOTE YES OR NO, I'M VOTING YES FOR AMERICA. I'M VOTING YES FOR AMERICA'S FUTURE. I'M VOTING YES FOR EVERY WORKING AMERICAN WHO'S PAYING TAXES TODAY. LET'S PUT MORE MONEY BACK IN THEIR POCKETS. LET'S DOUBLE THE RATE OF GROWTH FOR THE ECONOMY. LET'S PUT MORE AMERICANS AT WORK. LET'S SHOW SOME FAITH IN THE AMERICAN PEOPLE. VOTE YES. WITH THAT I'D YIELD BACK.

                                    Show Full Text
                                  • 11:15:37 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM NEW YORK. .

                                  • 11:15:50 AM

                                    MS. SLAUGHTER

                                    I YIELD TWO MINUTES TO THE GENTLEWOMAN FROM CONNECTICUT, MS. DELAURO.

                                  • 11:15:53 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM CONNECTICUT IS RECOGNIZED FOR TWO MINUTES.

                                  • 11:15:56 AM

                                    MS. DELAURO

                                    MR. SPEAKER, THE BIGGEST ECONOMIC CHALLENGE OF OUR TIME IS THAT TOO MANY…

                                    MR. SPEAKER, THE BIGGEST ECONOMIC CHALLENGE OF OUR TIME IS THAT TOO MANY PEOPLE ARE IN JOBS THAT DO NOT PAY THEM

                                    Show Full Text
                                  • 11:16:03 AM

                                    MS. SLAUGHTER

                                    I YIELD TWO ENOUGH TO LIVE ON. WAGES ARE NOT KEEPING UP WITH RISING COSTS.…

                                    I YIELD TWO ENOUGH TO LIVE ON. WAGES ARE NOT KEEPING UP WITH RISING COSTS. TOO MANY FAMILIES STRUGGLE TODAY TO MAKE ENDS MEET. SOME HAVE TWO OR THREE JOBS. THEY CAN'T AFFORD HEALTH CARE. THEY CAN'T AFFORD -- SOME CAN'T AFFORD TO PUT FOOD ON THE TABLE. THEY DON'T TAKE VACATIONS. THEIR RETIREMENT IS IN JEOPARDY. BUT IT'S THE BIG CORPORATIONS, THE MILLIONAIRES AND BILLIONAIRES, THEY ARE WRITING THE RULES TO MAKE GOVERNMENT WORK FOR THEM. AND IT'S THE REPUBLICANS WHO ARE THEIR COMRADES IN ARMS WHO ARE RIGGING THE GAME AGAINST THE MIDDLE CLASS. SENATOR ORRIN HATCH, WHO WROTE THIS BILL, SAID, AND I QUOTE, I HAVE A ROUGH TIME WANTING TO SPEND BILLION AND BILLION AND TRILLIONS OF DOLLARS TO HELP PEOPLE WHO WON'T HELP THEMSELVES. WON'T LIFT A FINGER. AND EXPECT THE FEDERAL GOVERNMENT TO DO EVERYTHING. THIS IS THE UGLY TRUTH OF THIS REPUBLICAN TAX BILL. I SAY TO SENATOR HATCH, THE FEDERAL GOVERNMENT HAS TAKEN GOOD CARE OF YOU. IT'S ABOUT THE GREAT PEOPLE OF THIS NATION THAT WE'RE NOT TAKING CARE OF. THAT'S WHAT THIS VOTE IS ABOUT. THIS IS WHERE THEIR VALUES ARE. THEY ARE ON DISPLAY. THE FINAL BILL IS EVEN WORSE THAN WE FEARED. IT LOWERS THE TAX RATES FOR THE WEALTHIEST PEOPLE EVEN MORE. IT REPEALS A KEY ELEMENT OF THE AFFORDABLE CARE ACT. KICKING 13 MILLION PEOPLE OFF THEIR INSURANCE, RAISING PREMIUMS BY 10%. DON'T LET THEM FOOL YOU ON THE CHIDE TAX CREDIT. IT IS A SHAMEFUL PROPOSAL. IT SHUTS OUT MILITARY FAMILIES, RURAL FAMILIES, LARGE FAMILIES, MINIMUM WAGE WORKERS, THOSE WITH THE YOUNGEST CHILDREN. IF YOU MAKE $400,000 A YEAR, YOU GET A $4,000 CHILD TAX CREDIT. IF YOU MAKE $14,500 A YEAR, YOU GET $75. WHO ARE THEY FOOLING WITH THIS BILL? AND YOU KNOW WHAT? MY COLLEAGUE JUST A MINUTE AGO SAID, THOSE IN THIS CHAMBER WILL BENEFIT. YOU BET. WE'RE ELIGIBLE FOR THE CHILD TAX CREDIT, BUT LOW-INCOME FAMILIES ARE NOT. THIS BILL FAILS THE MIDDLE CLASS. IT BENEFITS THE RICHEST 1%.

                                    Show Full Text
                                  • 11:18:14 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE RICHEST 1%.

                                  • 11:18:15 AM

                                    GENTLEL

                                    I YIELD BACK.

                                  • 11:18:17 AM

                                    MS. DELAURO

                                    I YIELD BACK.

                                  • 11:18:18 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM TEXAS.

                                  • 11:18:20 AM

                                    MR. SESSIONS

                                    THANK YOU VERY MUCH. MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE…

                                    THANK YOU VERY MUCH. MR. SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE DISTINGUISHED GENTLEMAN FROM LAWRENCEVILLE, GEORGIA, THE RULES COMMITTEE DESIGNEE TO THE BUDGET COMMITTEE AND THE GENTLEMAN WHO SITS WITH ESTEEM ON THE RULES COMMITTEE, THE GENTLEMAN, CONGRESSMAN ROB WOODALL.

                                    Show Full Text
                                  • 11:18:34 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM GEORGIA IS RECOGNIZED FOR THREE MINUTES.

                                  • 11:18:37 AM

                                    MR. WOODALL

                                    THANK YOU VERY MUCH, MR. SPEAKER. I THANK MY CHAIRMAN FOR YIELDING ME THE…

                                    THANK YOU VERY MUCH, MR. SPEAKER. I THANK MY CHAIRMAN FOR YIELDING ME THE TIME. WE'RE IN THE RULES COMMITTEE LAST NIGHT, MR. SPEAKER, AND WE WERE HAVING THE SAME KIND OF CONVERSATION. WE'RE GOING THROUGH THE LIST ONE BY ONE BY ONE OF ALL THE FAMILIES AND HOW FOLKS WERE GOING TO BENEFIT ABOUT THE CHILDREN AND GRADUATE STUDENTS, FOLKS FACING MEDICAL CHALLENGES. WE WENT THROUGH ONE BY ONE BY ONE AND TALKED ABOUT ALL THE FOLKS WHO WILL BENEFIT FROM THIS TAX CUT. IT WAS POWERFUL. BUT I WAS REMINDED, MR. SPEAKER, THAT WHEN WE STARTED THIS CONVERSATION IT WASN'T EVEN A TAX CUT CONVERSATION. IT WAS AN ECONOMIC GROWTH CONVERSATION, MR. SPEAKER. IT WAS AN ECONOMIC GROWTH CONVERSATION. WHERE WE HAVE ENDED UP IS THERE ARE GOING TO BE TAX BENEFITS FOR EVERY SINGLE WORKING FAMILY IN THE COUNTRY. BUT WHERE WE STARTED WAS HOW DO WE GET THOSE WAGES FOR WORKING FAMILIES UP? HOW DO WE GET JOB CREATION UP? HOW DO WE GET AMERICA GROWING NOT AT THIS STAGNANT RATE OF THE OBAMA YEARS BUT POWERFUL RATES AS WE SAW IN THE BUSH YEARS, CLINTON YEARS, AS WE SAW IN THE REAGAN YEARS. THAT WAS THE CONVERSATION. MR. SPEAKER, IF WE HAD HISTORICALLY NORMAL ECONOMIC GROWTH, NOT FANTASTIC ECONOMIC GROWTH, HISTORICALLY NORMAL ECONOMIC GROWTH WE WOULD HAVE A BALANCED BUDGET IN THIS COUNTRY TODAY. THERE IS AN ECONOMIC CONSEQUENCE OF ECONOMIC FAILURE. WHAT WE HAVE DONE IN THIS BILL, MR. SPEAKER, BY ALLOWING BUSINESSES TO EXPENSE THEIR INVESTMENT, ALLOWS THEM TO MAKE THEIR EMPLOYEES MORE PRODUCTIVE ON DAY ONE. THAT IS GOING TO HAVE A POWERFUL IMPACT, NOT JUST ON EMPLOYEE WAGES, MR. SPEAKER, BUT ON ECONOMIC GROWTH ACROSS THE ENTIRE COUNTRY. THIS BILL IS NOT ABOUT SHOULD WE PAY TAXES, WE MUST. THIS BILL IS ABOUT HOW WE PAY TAXES. CAN WE DO IT BETTER? DOES AMERICA NEED TO BE THE WORST IN THE WORLD OR CAN WE BE FIRST IN THE WORLD? WE'RE ANSWERING THAT QUESTION TODAY. WE'RE ANSWERING THAT QUESTION TODAY AND WITH EVERY SINGLE VOTE A MEMBER IN THIS CHAMBER CASTS IT'S NOT ABOUT EVERYTHING IN THIS BILL EXACTLY THE WAY YOU WOULD HAVE CRAFTED. I ASSURE YOU, MR. SPEAKER, IT IS NOT. THE QUESTION IS, DOES THIS BILL MOVE US IN A DIRECTION OF COMPETITIVENESS ACROSS THE GLOBE? IT DOES. THE QUESTION IS DOES THIS BILL FOCUS ON WAGES AND GROWING THOSE WAGES? IT DOES. THE QUESTION IS IN THIS OPPORTUNITY THAT WE HAVE DID WE TAKE IT OR DID WE WASTE IT? WE HAVEN'T ANSWERED THAT QUESTION YET, MR. SPEAKER, BUT I BELIEVE LATE ON TODAY WE WILL. WE'LL ANSWER IN THE AFFIRMATIVE. GIVE US A CHANCE. SHOULD IT HAVE TAKEN US 31 YEARS TO GET TO THIS PLACE? IT SHOULD NOT. CAN WE MAKE DANCHESE TOGETHER TODAY FOR THE CON-- MAKE A DIFFERENCE TOGETHER FOR THE COUNTRY TODAY? YES, WE CAN. IT WILL BE A POWERFUL DIFFERENCE. IT WILL BE ONE OF THE PROUDEST VOTES I HAVE HAD THE OPPORTUNITY TO TAKE. MR. CHAIRMAN, THANK YOU FOR YOUR LEADERSHIP ON THIS. MR. SPEAKER, THANK YOU FOR YOUR LEADERSHIP ON THIS. WITH THAT I YIELD BACK THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 11:21:40 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY FROM NEW YORK.

                                  • 11:21:42 AM

                                    MS. SLAUGHTER

                                    LET ME YIELD MYSELF 30 SECONDS.

                                  • 11:21:43 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY IS RECOGNIZED.

                                  • 11:21:45 AM

                                    MS. SLAUGHTER

                                    THIS HAS BEEN THE MOST AWFUL PROCESS. THE DEMOCRATS WEREN'T INVOLVED IN…

                                    THIS HAS BEEN THE MOST AWFUL PROCESS. THE DEMOCRATS WEREN'T INVOLVED IN ANY OF IT, FOR HENCH'S SAKE. ALMOST DIDN'T GET TO SEE A COPY OF WHAT THEY HAD. I THINK THE DEBATE WE HAVE HAD HERE TODAY MUST BE SIMILAR TO THE ONE WE HAD IN THE REAGAN ADMINISTRATION. DAVID STOCKMAN, WHO TALKED RONALD REAGAN INTO TRICKLE-DOWN, HE SAYS TODAY IT DIDN'T WORK. IT DEW POINT WORK THEN. IT DEW POINT WORK FOR PRESIDENT BUSH. IT DIDN'T WORK FOR THE GOVERNOR FROM KANSAS. VERY RECENTLY, THAT DIDN'T WRK -- WORK. IT ISN'T GOING TO WORK THIS TIME. I AM APALLED -- APPALLED WE'RE DOING THIS. THIS IS THE WORST PROCESS WE HAVE EVER BEEN THROUGH. WE OPERATE ON THOMPSON JEFFERSON'S MANUAL IN THE RULES COMMITTEE. WE THOMAS EVERYSON'S MANUAL IN THE RULES COMMITTEE. WE DEW POINT. IF WE DE -- WE DIDN'T. IF WE DEFEAT THE PREVIOUS QUESTION, I WILL OFFER AN AMENDMENT THAT PROHIBIT WILL I LEGISLATION FROM BEING CONSIDERED ON THE FLOOR THAT LIMITS OR REPEALS THE STATE AND LOCAL TAX DEDUCTIONS OR REPEALS THE A.C.A.'S INDIVIDUAL MANDATE. MR. SPEAKER, I ASK UNANIMOUS CONSENT TO INSERT THE TEXT OF MY AMENDMENT IN THE RECORD ALONG WITH EXTRANEOUS MATERIAL IMMEDIATELY PRIOR TO THE VOTE ON THE PREVIOUS QUESTION.

                                    Show Full Text
                                  • 11:23:11 AM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION.

                                  • 11:23:13 AM

                                    MS. SLAUGHTER

                                    OBJECTION.

                                  • 11:23:18 AM

                                    THE SPEAKER PRO TEMPORE

                                    AFFAIRS, MR. ENGEL. THE SPEAKER PRO TEMPORE: THE GENTLEMAN FROM NEW YORK…

                                    AFFAIRS, MR. ENGEL. THE SPEAKER PRO TEMPORE: THE GENTLEMAN FROM NEW YORK IS RECOGNIZED FOR ONE MINUTE.

                                    Show Full Text
                                  • 11:23:27 AM

                                    MR. ENGEL

                                    I THANK MY FRIEND FROM NEW YORK. I HAVE BEEN HERE A LONG TIME NOW. I HAVE…

                                    I THANK MY FRIEND FROM NEW YORK. I HAVE BEEN HERE A LONG TIME NOW. I HAVE TO SAY THIS IS ONE OF THE WORST PIECES OF LEGISLATION I HAVE EVER THE GENTLEMAN FROM NEW YORK IS RECOGNIZED SEEN. ONE OF THE WORST PROCESSES I HAVE EVER SEEN. WHEN YOU WERE A KID AND WENT TO HIGH SCHOOL AND COLLEGE, AND YOU LEARNED HOW A BILL BECOMES A LAW, TAKE THAT AND THROW IT OUT BECAUSE THE REPUBLICAN LEADERSHIP HERE DOESN'T WANT TO WORK WITH DEMOCRATS. THE REASON THERE ARE NO DEMOCRATS WORKING WITH YOU IS YOU SHUT US OUT. YOU WON'T LET US HAVE ANY INPUT. YOU WON'T DO ANYTHING WITH US. THIS IS NOT THE WAY TO GOVERN. ABSOLUTELY NOT. SOMEONE NEAR AND DEAR TO ME ONCE SAID, THE REPUBLICAN PARTY IS THE PARTY OF THE RICH PERSON. AND THE DEMOCRATIC PARTY IS THE PARTY OF THE WORKING PERSON. IF THAT WAS EVER TRUE, IT CERTAINLY IS TRUE TODAY. RICH PEOPLE DO REALLY, REALLY WELL. MIDDLE CLASS AND POOR PEOPLE DON'T DO WELL AT ALL. IN FACT, THE CORPORATE TAX BREAKS LAST FOR YEARS AND YEARS AND YEARS. AND THE OTHER TAX BREAKS FOR THE MIDDLE CLASS EXPIRE IN FIVE YEARS. THIS HELPS THE RICH, IT HURTS THE POOR, HELPS THE MIDDLE CLASS. EVEN RONALD REAGAN TRIED TO BE BIPARTISAN AND HAVE DEMOCRATS WORK WITH HIM. WHAT EVER HAPPENED TO MY FRIENDS ON O THE -- ON THE POOR, HELPS THE MIDDLE CLASS. EVEN RONALD REAGAN REPUBLICAN SIDE WHO LECH SURE ABOUT FISCAL RESPONSIBILITY? THIS BLOWS A HOLE IN THE BUDGET. IT'S IRRESPONSIBLE. MY STATE OF NEW YORK WHICH IS A DONOR STATE IS GETTING SCREWED.

                                    Show Full Text
                                  • 11:24:42 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN IS NO LONGER RECOGNIZED.…

                                    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN IS NO LONGER RECOGNIZED. THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS WITH 4-S /4 MINUTES.

                                    Show Full Text
                                  • 11:24:50 AM

                                    MR. SESSION

                                    THANK YOU VERY MUCH. I WOULD LIKE TO ADVISE THE GENTLEWOMAN WE'RE THROUGH…

                                    THANK YOU VERY MUCH. I WOULD LIKE TO ADVISE THE GENTLEWOMAN WE'RE THROUGH WITH OUR SPEAKERS THAT I WILL BE CLOSING FOR US. I ALLOW HER TO CONSUME HER TIME.

                                    Show Full Text
                                  • 11:24:59 AM

                                    MS. SLAUGHTER

                                    THANK YOU, MR. SPEAKER. I HAVE ONE MORE SPEAKER.

                                  • 11:25:03 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN RESERVES HIS TIME. THE GENTLELADY FROM NEW YORK.

                                  • 11:25:06 AM

                                    MS. SLAUGHTER

                                    I'M PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM RHODE ISLAND, MR.…

                                    I'M PLEASED TO YIELD ONE MINUTE TO THE GENTLEMAN FROM RHODE ISLAND, MR. CICILLINE.

                                    Show Full Text
                                  • 11:25:14 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM RHODE ISLAND IS RECOGNIZED FOR ONE MINUTE.

                                  • 11:25:16 AM

                                    MR.CIES WLEENY

                                    THANK YOU --

                                  • 11:25:17 AM

                                    MR. CICILLINE

                                    THANK YOU, MR. SPEAKER. I THANK THE GENTLELADY. I RISE IN STRONG HOPE THAT…

                                    THANK YOU, MR. SPEAKER. I THANK THE GENTLELADY. I RISE IN STRONG HOPE THAT MY COLLEAGUES ON THE OTHER SIDE OF THE AISLE WILL DEFEAT THIS JOB KILLING BILL THAT WILL EXPLODE THE DEFICIT AND HURT WORKING PEOPLE. IT'S IMPORTANT TO NOTE 83% OF THE BENEFITS OF THE CUTS OF THIS BILL GO TO THE TOP 1%. 86 MILLION HARDWORKING MIDDLE CLASS FAMILIES WILL ACTUALLY SEE A TAX INCREASE. OF COURSE WE NEED TO REFORM OUR TAX CODE, BUT WE NEED TO DO IT IN A WAY THAT RAISES WAGES, PRODUCES GOOD-PAYING JOBS, AND MAKE SURE PEOPLE HAVE A BRIGHT IRFUTURE. THIS DOES THE -- BRIGHTER FUTURE THIS. DOES THE OPPOSITE T RANSACKS MEDICARE AND MEDICAID. IT'S VERY, VERY IMPORTANT TO RECOGNIZE IT'S NOT GOING TO CREATE JOBS. THIS IS TRICKLE-DOWN ECONOMICS. LET EVERYONE AT THE TOP HOLD ON TO ALL THEIR MONEY. AND IT WILL TRICKLE DOWN TO THE REST OF US. IT DOESN'T WORK. THIS IS A FAILED ECONOMIC POLICY. THIS DOES NOT SUPPORT STRENGTHENING THE MIDDLE CLASS. WE NEED TO DEFEAT THIS BILL AND REFORM OUR TAX CODE IN A WAY THAT WILL PROMOTE JOB GROWTH, RAISE WAGES, ENSURE WORKING FAMILIES CAN GET AHEAD. THERE ARE MILLIONS OF AMERICANS WHO WILL GO TO BED WORRYING ABOUT HOW THEY ARE GOING TO TAKE CARE OF THEIR FAMILY, MAKE ENDS MEET. THIS BILL WILL MAKE THAT PROBLEM WORSE. I URGE MY COLLEAGUES TO DEFEAT IT.

                                    Show Full Text
                                  • 11:26:31 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLELADY FROM NEW…

                                    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLELADY FROM NEW YORK.

                                    Show Full Text
                                  • 11:26:34 AM

                                    MS. SLAUGHTER

                                    MR. SPEAKER, THE MEMBERS OF THE MAJORITY HAVE LINED UP TODAY TO TELL THE…

                                    MR. SPEAKER, THE MEMBERS OF THE MAJORITY HAVE LINED UP TODAY TO TELL THE AMERICAN HOW GREAT THIS BILL IS. IF THAT'S TRUE, WHY WERE THEY AFRAID OF HOLDING A SINGLE HEARING OR LISTENING TO A SINGLE OUTSIDE EXPERT? IN 1986 TAX BILL HAD OVER 30 HEARINGS AND 430 WITNESSES. AND TOOK WELL OVER A YEAR. THIS ONE ABOUT THREE MONTHS. WRITTEN APPARENTLY BY LOBBYISTS. THERE WASN'T A SINGLE HEARING HELD ON THE TEXT OF THIS BILL. NOT ONE. IT WAS JAMMED THROUGH WAYS AND MEANS COMMITTEE WHERE OUR AMENDMENTS, DEMOCRATS, WERE BLOCKED. DEMOCRAT MEMBERS HAD UNDER AN HOUR TO REVIEW THE FINAL TEXT BEFORE VOTING. IT WAS RUSHED TO THE RULES COMMITTEE A DAY EARLIER THAN ANNOUNCED WITH ONLY FOUR HOURS' NOTICE SO NOBODY HAD A CHANCE TO READ. AND THE MAJORITY THERE BLOCKED 140 BIPARTISAN AMENDMENTS. THIS HAS BEEN A SECRETIVE PROCESS ON BOTH SIDES OF THE CAPITOL. SENATORS RECEIVED THE TEXT OF THE FINAL BILL ALSO WITHIN AN HOUR OF THE VOTE. THE NEARLY 500-PAGE BILL IN THE SENATE WAS RIDDLED WITH ERRORS, LAST-MINUTE EDITS, AND ILLEGIBLE HANDWRITTEN CHANGES IN THE MARGINS. THERE WAS A SINGLE MEETING OF THE CONFERENCE COMMITTEE BETWEEN HOUSE AND SENATE. MEMBERS THERE WERE PROHIBIT INTERESTED OFFERING AMENDMENTS OR EVEN SEEING THE NEGOTIATED TEXT. IMAGINE THAT. COULDN'T EVEN SEE WHAT THEY ARE SUPPOSED TO VOTE ON. SENATORS AND REPRESENTATIVES SAT AROUND A TABLE FOR SHOW WHILE THE PRESS REPORTED THAT THE DEAL, EVEN BEFORE THE MEETING HAD STARTED, HAD ALREADY BEEN REACHED. THE DEMOCRATS HAD NO SAY AT ALL. HOUSE WAYS AND MEANS CHAIRMAN KEVIN BRADY SAYS HE'S PROUD OF THE PROCESS. BUT IT WILL TAKE A SEPARATE BILL TO CORRECT SOME OF THE ERRORS HERE. THERE IS NO REASON TO BELIEVE WOULD HE INCLUDE DEMOCRATS IN THAT PROCESS, EITHER. IT WOULD BE ANOTHER PARTISAN EFFORT. LET ME REMIND EVERYONE WATCHING THAT WE USED EMERGENCY PROCEDURES TO MEET THIS BILL. IN THIS CONGRESS DISASTER RELIEF IS NOT AN EMERGENCY. ISN'T THAT AMAZING? FUNDING CHIP AND COMMUNITY HEALTH CENTERS IS NOT AN EMERGENCY. DISASTER FUND SOMETHING NOT AN EMERGENCY. RUSHING THESE TAX CUTS TO THE WEALTHIEST AMONG US IS AN EMERGENCY. THIS BILL, WHICH HAS NO DEADLINE, IS THEIR TOP PRIORITY, WHILE REAL EMERGENCIES ARE BEING IGNORED AND IT IS SHAMEFUL. I URGE A NO VOTE ON THE PREVIOUS QUESTION, ON THE RULE, AND THE BILL. AND I YIELD BACK THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 11:29:08 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLELADY YIELDS BACK HER TIME. THE GENTLEMAN FROM TEXAS WITH 4-S 3/4…

                                    THE GENTLELADY YIELDS BACK HER TIME. THE GENTLEMAN FROM TEXAS WITH 4-S 3/4 MINUTES REMAINING.

                                    Show Full Text
                                  • 11:29:13 AM

                                    MR. SESSIONS

                                    THANK YOU VERY MUCH. MR. SPEAKER, I WANT TO THANK THE GENTLEWOMAN FROM NEW…

                                    THANK YOU VERY MUCH. MR. SPEAKER, I WANT TO THANK THE GENTLEWOMAN FROM NEW YORK, THE GENTLEWOMAN, THE RANKING MEMBER OF THE RULES COMMITTEE, AND REALLY EACH OF THE MEMBERS OF THE RULES COMMITTEE FOR THEIR DILIGENCE IN WORKING YESTERDAY FOR A LONG PERIOD OF TIME AS THE RULES COMMITTEE MET LAST NIGHT NOT ONLY TO CONSIDER THIS, BUT TO OFFER FULL AND OPEN FOR THEIR DILIGENCE IN WORKING YESTERDAY DEBATE. AN OPPORTUNITY FOR THE GENTLEMAN, MR. NEAL, FROM MASSACHUSETTS, TO COME AND SPEAK. REPRESENTATIVE OF THE DEMOCRATIC PARTY, THE GENTLEMAN FROM ILLINOIS, MR. ROSKAM, TO COME AND REPRESENT THE WAYS AND MEANS COMMITTEE. ANTI-DISTINGUISHED GENTLEMAN FROM THE WOODLANDS, KEVIN BRADY. THE CHAIRMAN -- AND THE DISTINGUISHED GENTLEMAN FROM THE WOODLAND, KEVIN BRADY. THE CHAIRMAN OF THE COMMITTEE DEBATE. AN TO ARTICULATE NOT ONLY THE IDEAS BEHIND THE BILL BUT WHAT WE'RE GOING TO DO. MR. SPEAKER, IT IS TRUE, IT IS TRUE THAT WHAT WE'RE DOING IS TAKING WHAT WAS DONE BY PRESIDENT OBAMA AND A DEMOCRATIC MAJORITY IN THE HOUSE AND SENATE THAT RAISED TAXES TO TRILLION DOLLARS. THAT IN 2008-, 2009, 2010, AND 2011 REALLY RAIDED THE AMERICAN PEOPLE BY RAISING TAXES ON THEM, BY CAUSING AN ECONOMIC DOWN TURN, A G.D.P. RATE OF 1.2%. . IT IS TRUE THAT WE PROMISED THIS LAST ELECTION THROUGH THE ELECTION OF DONALD TRUMP TO MAKE AMERICA GREAT AGAIN. PART OF MAKING AMERICA GREAT AGAIN MEANS MAKING AMERICANS GREAT AGAIN ALSO. MAKING AMERICANS NOT ONLY PROUD OF THEIR COUNTRY BUT GIVING THEM AN ECONOMIC OPPORTUNITY, AND THAT IS WHAT THE REPUBLICAN PARTY IS DOING HERE. WE HAVE HEARD NOT ONLY FROM MIKE KELLY, CONGRESSMAN KELLY WHO SPOKE ABOUT MAKING AMERICA BETTER, MAKING THE FREE ENTERPRISE SYSTEM BETTER. WE HEARD FROM CONGRESSMAN WOODALL HOW BEING IN 24TH PLACE WHICH IS WHAT AMERICA IS, 24TH IN THE WORLD IN DOING BUSINESS AND FRIENDLY ENVIRONMENT. WE CANNOT SURVIVE IN 24TH PLACE, 24TH PLACE BY KEEPING THE CURRENT TAX CODE WE HAVE, WHERE OVER AND OVER AND OVER WE SEE NOT ONLY COMPANIES MOVE TO OTHER LOCATIONS WITHIN THE UNITED STATES OF AMERICA, MOVING OFF-SHORE, STRANDING DOLLARS. JOBS GOING WITH THAT. WHAT WE'RE ATTEMPTING TO DO IN THIS BILL IS MAKE AMERICA NUMBER ONE, MAKING AMERICA AND THE AMERICAN WORKER NUMBER ONE AGAIN. WE'RE GOING TO MAKE THE BIG DEAL, THE BIG DEAL FOR PEOPLE WHEREVER YOU LIVE IN THE UNITED STATES. WE'RE GOING TO OFFER AN OPPORTUNITY FOR YOU TO NOT ONLY BE TAXED LESS BUT THAT BUSINESS THAT IS IN YOUR CITY, YOUR STATE THAT PROUDLY THEY REPRESENT THEIR HOMETOWN, THEY WILL HAVE AN OPPORTUNITY TO NOW BE COMPETITIVE. FORGET THIS, OH, REPUBLICANS WANT TO MOVE JOBS OFF-SHORE. THAT IS WHAT WE ARE SICK AND TIRED OF HEARING. WE'RE SICK AND TIRED OF HEARING THAT JOBS AND INVESTMENT GO OVERSEAS. THEY'RE COMING BACK TO AMERICA BECAUSE THIS PLACE AS AMERICANS INSTEAD OF BEING AT THE BOTTOM OF THE RUNG IN TERMS OF TAXES -- WRUNG IN TERMS OF TAXES WE ARE GOING TO BE COMPETITIVE, WHERE THE AMERICAN WORKER WILL GET A CHANCE TO STAMP "MADE IN AMERICA" ON THOSE ITEMS THEY WANT. "MADE IN MY HOMETOWN," PRIDE OF AUTHORSHIP OF KNOWING NOT JUST IS MY COUNTRY GOING TO GET BETTER BUT MY COMMUNITY AND MYSELF WILL BE BETTER. IT IS ABOUT FINANCIAL RESPONSIBILITY BUT IT'S ALSO ABOUT THE INTEGRITY OF THE FREE ENTERPRISE SYSTEM. THE FREE ENTERPRISE SYSTEM IS THE GREATEST ECONOMIC SYSTEM IN THE HISTORY OF THE WORLD. IT WILL CONTINUE TO PRODUCE GREAT AND BETTER THINGS FOR SO MANY PEOPLE, BUT, MR. SPEAKER, THE DEMOCRATIC PARTY TRIED TO KILL THE FREE ENTERPRISE SYSTEM WHEN THEY CAME AFTER THE FREE ENTERPRISE SYSTEM. WE KNEW IT AND WE SAW IT AND THE WORLD SAW IT TOO. 1.2% G.D.P. GROWTH AS OPPOSED TO NOW WITH A NEW VIEWPOINT ABOUT MAKING AMERICA GREAT, WE HAVE NOT ONLY DOUBLED G.D.P. BUT WE HAVE ADDED NET ONE MILLION JOBS. AND IF THE SUMMER HAD NOT PRODUCED THE STORMS IT HAD, NO TELLING WHAT OUR JOB GROWTH WOULD BE. THIS IS WHAT LIES AHEAD, AND THIS IS WHAT THIS REPUBLICAN BILL DOES. SO FOR THAT REASON I URGE MY COLLEAGUES TO SUPPORT THIS RULE AND THE UNDERLYING BILL ON THIS CONFERENCE REPORT. I YIELD BACK THE BALANCE OF MY TIME AND I MOVE THE PREVIOUS QUESTION ON THE RESOLUTION.

                                    Show Full Text
                                  • 11:34:17 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE QUESTION IS ON ORDERING THE PREVIOUS QUESTION ON THE RESOLUTION. THOSE…

                                    THE QUESTION IS ON ORDERING THE PREVIOUS QUESTION ON THE RESOLUTION. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, THE AYES HAVE IT. THE GENTLELADY FROM NEW YORK.

                                    Show Full Text
                                  • 11:34:28 AM

                                    MS. SLAUGHTER

                                    MR. SPEAKER, I REQUEST THE YEAS AND NAYS.

                                  • 11:34:30 AM

                                    THE SPEAKER PRO TEMPORE

                                    THE YEAS AND NAYS ARE REQUESTED. THOSE FAVORING A VOTE BY THE YEAS AND…

                                    THE YEAS AND NAYS ARE REQUESTED. THOSE FAVORING A VOTE BY THE YEAS AND NAYS WILL RISE. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. PURSUANT TO CLAUSE 8 OF RULE 20 , THIS 15-MINUTE VOTE ON ORDERING THE PREVIOUS QUESTION WILL BE FOLLOWED BY FIVE-MINUTE VOTES ON ADOPTING THE RESOLUTION IF ORDERED AND SUSPENDING THE RULES AND PASSING H.R. 4254. THIS IS A 15-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

                                    Show Full Text
                                  • 11:57:58 AM

                                    THE SPEAKER PRO TEMPORE

                                    ON THIS VOTE THE YEAS ARE 233. THE NAYS ARE 187. THE PREVIOUS QUESTION IS…

                                    ON THIS VOTE THE YEAS ARE 233. THE NAYS ARE 187. THE PREVIOUS QUESTION IS ORDERED. THE QUESTION IS ON ADOPTION OF THE RESOLUTION. SO MANY AS ARE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT. THE GENTLELADY FROM NEW YORK.

                                    Show Full Text
                                  • 11:58:13 AM

                                    MS. SLAUGHTER

                                    MR. SPEAKER, I ASK FOR A RECORDED VOTE.

                                  • 11:58:15 AM

                                    THE SPEAKER PRO TEMPORE

                                    A RECORDED VOTE IS REQUESTED. THOSE FAVORING A RECORDED VOTE WILL RISE. A…

                                    A RECORDED VOTE IS REQUESTED. THOSE FAVORING A RECORDED VOTE WILL RISE. A SUFFICIENT NUMBER HAVING ARISEN, A RECORDED VOTE IS ORDERED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. THIS IS A FIVE-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

                                    Show Full Text
                                  • 12:06:26 PM

                                    THE SPEAKER PRO TEMPORE

                                    ON THIS VOTE THE YEAS ARE 233. THE NAYS ARE 193. THE RESOLUTION IS…

                                    ON THIS VOTE THE YEAS ARE 233. THE NAYS ARE 193. THE RESOLUTION IS ADOPTED. WITHOUT OBJECTION, A MOTION TO RECONSIDER IS LAID ON THE TABLE. ARE THE UNFINISHED BUSINESS IS THE VOTE ON THE MOTION BY THE GENTLEMAN FROM CALIFORNIA, MR. KNIGHT, TO SUSPEND THE RULES AND PASS H.R. 4254 AS AMENDED ON WHICH THE YEAS AND NAYS ARE ORDERED. THE CLERK WILL REPORT THE TITLE OF THE BILL.

                                    Show Full Text
                                  • 12:06:45 PM

                                    THE CLERK

                                    UNION CALENDAR NUMBER 351. H.R. 4254, A BILL TO AMEND THE NATIONAL SCIENCE…

                                    UNION CALENDAR NUMBER 351. H.R. 4254, A BILL TO AMEND THE NATIONAL SCIENCE FOUNDATION AUTHORIZATION ACT OF 2002 TO STRENGTHEN THE AEROSPACE WORKFORCE PIPELINE BY THE PROMOTION OF ROBERT NOYCE TEACHER SCHOLARSHIP PROGRAM AND NATIONAL AERONAUTICS AND SPACE ADMINISTRATION INTERNSHIP AND FELLOWSHIP OPPORTUNITIES TO WOMEN, AND FOR OTHER PURPOSES.

                                    Show Full Text
                                  • 12:07:08 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS THE BILL, AS…

                                    THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS THE BILL, AS AMENDED. MEMBERS WILL RECORD THEIR VOTES BY ELECTRONIC DEVICE. THIS IS A FIVE-MINUTE VOTE. [CAPTIONING MADE POSSIBLE BY THE NATIONAL CAPTIONING INSTITUTE, INC., IN COOPERATION WITH THE UNITED STATES HOUSE OF REPRESENTATIVES. ANY USE OF THE CLOSED-CAPTIONED COVERAGE OF THE HOUSE PROCEEDINGS FOR POLITICAL OR COMMERCIAL PURPOSES IS EXPRESSLY PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES.]

                                    Show Full Text
                                  • 12:14:30 PM

                                    THE SPEAKER PRO TEMPORE

                                    ON THIS VOTE THE YEAS ARE 409. THE NAYS ARE 17. 2/3 HAVING RESPONDED IN…

                                    ON THIS VOTE THE YEAS ARE 409. THE NAYS ARE 17. 2/3 HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED, THE BILL IS PASSED, AND WITHOUT OBJECTION, THE MOTION TO RECONSIDER IS LAID ON THE TABLE. THE HOUSE WILL BE IN ORDER. MEMBERS ARE ASKED TO CLEAR THE WELL. REMOVE AREA CONVERSATIONS FROM THE FLOOR. -- REMOVE YOUR CONVERSATIONS FROM THE FLOOR. FOR WHAT PURPOSE DOES THE GENTLELADY FROM VIRGINIA SEEK RECOGNITION?

                                    Show Full Text
                                  • 12:15:24 PM

                                    >>

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT THE CLERK BE DIRECTED TO MAKE…

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT THE CLERK BE DIRECTED TO MAKE THE CHANGE IN THE ENGROSSMENT OF H.R. 4375, THAT I HAVE PLACED AT THE TABLE.

                                    Show Full Text
                                  • 12:15:35 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE CLERK WILL REPORT THE MODIFICATION.

                                  • 12:15:38 PM

                                    THE CLERK

                                    AMENDMENT TITLE SO AS TREED, A BILL TO PROVIDE FOR A REPORT ON BROADENING…

                                    AMENDMENT TITLE SO AS TREED, A BILL TO PROVIDE FOR A REPORT ON BROADENING PARTICIPATION IN CERTAIN NATIONAL SCIENCE FOUNDATION RESEARCH AND EDUCATION PROGRAMS TO COLLECT DATA ON FEDERAL RESEARCH GRANTS TO SCIENCE AGENCIES AND FOR OTHER PURPOSES.

                                    Show Full Text
                                  • 12:15:53 PM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION. MEMBERS OF THE HOUSE, PLEASE REMOVE YOUR CONVERSATIONS…

                                    WITHOUT OBJECTION. MEMBERS OF THE HOUSE, PLEASE REMOVE YOUR CONVERSATIONS FROM THE FLOOR. SO PROCEEDINGS IN THE HOUSE CAN RESUME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS SEEK RECOGNITION?

                                    Show Full Text
                                  • 12:17:05 PM

                                    >>

                                    PURSUANT TO HOUSE RES. LIGSE 667, I CAUP -- RESOLUTION 667, I CALL UP THE…

                                    PURSUANT TO HOUSE RES. LIGSE 667, I CAUP -- RESOLUTION 667, I CALL UP THE CONFERENCE REPORT AND ASK FOR ITS IMMEDIATE CONSIDERATION.

                                    Show Full Text
                                  • 12:17:14 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE CLERK WILL REPORT THE TITLE OF THE BILL.

                                  • 12:17:16 PM

                                    THE CLERK

                                    H.R. 1. AN ACT TO PROVIDE FOR RECONCILIATION PURSUANT TO TITLES 2 AND 5 OF…

                                    H.R. 1. AN ACT TO PROVIDE FOR RECONCILIATION PURSUANT TO TITLES 2 AND 5 OF THE CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2018.

                                    Show Full Text
                                  • 12:17:32 PM

                                    TEMPORE PURSUANT

                                    PURSUANT TO HOUSE RESOLUTION 667, THE CONFERENCE REPORT IS CONSIDERED…

                                    PURSUANT TO HOUSE RESOLUTION 667, THE CONFERENCE REPORT IS CONSIDERED READ. THE GENTLEMAN FROM TEXAS, MR. BRADY, AND THE GENTLEMAN FROM MASSACHUSETTS, MR. NEAL, EACH WILL CONTROL 30 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM TEXAS.

                                    Show Full Text
                                  • 12:17:57 PM

                                    MR. BRADY

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE…

                                    MR. SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS WITHIN WHICH TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIALS ON THE BILL CURRENTLY UNDER CONSIDERATION.

                                    Show Full Text
                                  • 12:18:09 PM

                                    THE SPEAKER PRO TEMPORE

                                    WITHOUT OBJECTION.

                                  • 12:18:12 PM

                                    MR. BRADY

                                    WE'RE DELIVERING ON OUR TAX REFORM PROMISE TO THE AMERICAN PEOPLE. FOR THE…

                                    WE'RE DELIVERING ON OUR TAX REFORM PROMISE TO THE AMERICAN PEOPLE. FOR THE FIRST TIME IN OVER THREE DECADES, WE'RE DELIVERING A NEW TAX CODE THAT PROVIDES MORE JOBS, FAIRER TAXES AND BIGGER PAYCHECKS TO AMERICANS ACROSS THE COUNTRY. WITH THIS BILL, A MIDDLE INCOME FAMILY OF FOUR EARNING $73,000 A YEAR WILL SEE A TAX CUT OF OVER $2,000. OUR LOCAL JOB TRADERS WILL SEE THE LOWEST RATES IN MODERN HISTORY, SO THEY CAN INVEST MORE IN THEIR WORKERS AND IN THEIR FUTURE. AND OUR BUSINESSES WILL FINALLY HAVE A TAX CODE THAT HELPS THEM COMPETE AND WIN ANYWHERE IN THE WORLD. ESPECIALLY HERE AT HOME. THIS IS OUR MOMENT TO MAKE HISTORY. TO MAKE GOOD ON OUR PROMISE. AND TO MAKE TAX REFORM A REALITY FOR THE FIRST TIME IN 31 YEARS. THANK YOU. AND RESERVE THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 12:19:06 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN'S TIME IS RESERVED. THE GENTLEMAN FROM MASSACHUSETTS.

                                  • 12:19:11 PM

                                    MR. NEAL

                                    THANK YOU, MR. SPEAKER. I YIELD MYSELF THREE MINUTES.

                                  • 12:19:13 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

                                  • 12:19:15 PM

                                    MR. NEAL

                                    MR. SPEAKER, WHAT YOU'RE ABOUT TO HEAR FROM OUR REPUBLICAN FRIENDS FOR THE…

                                    MR. SPEAKER, WHAT YOU'RE ABOUT TO HEAR FROM OUR REPUBLICAN FRIENDS FOR THE NEXT 30 MINUTES IS THE FOLLOWING. A MIXTURE OF THEOLOGY AND SCIENCE FICTION. AND THEN THEY'RE GOING TO TAKE YOU TO REVISIONIST HISTORY. THIS IS THE MOST REGRESSIVE PIECE OF TAX LEGISLATION THAT HAS COME FROM THE WAYS AND MEANS COMMITTEE IN THE 25 YEARS THAT I HAVE BEEN A MEMBER. THIS IS NOT ABOUT SIMPLIFICATION. WHEN YOU HAVE A CHANCE TO LOOK AT THE PHASE-INS AND THE PHASE-OUTS, YOU'LL BE PASSED OUT BY THE TIME THEY GET TO THE EXPIRATION DATES. THEY SAY IT'S ABOUT SIMPLICITY. IT WAS GOING TO BE ON A POSTCARD. YOU'RE GOING TO NEED TO CARRY A BILLBOARD AROUND WITH YOU TO UNDERSTAND WHAT'S IN THIS ACTUAL BILL. AND HERE'S THE BEST PART. WHEN SECRETARY MNUCHIN SAID, MR. SPEAKER, THAT UNDER NO CIRCUMSTANCES WOULD PEOPLE AT THE TOP GET TAX RELIEF. WELL, I GUESS IF YOU'RE FORMALLY IN THE 39.6% TAX BRACKET, WHICH IS LOWERED TO 37%, THAT THAT'S DRESSED UP AS NO TAX RELIEF FOR PEOPLE AT THE VERY TOP. BUT THEN AGAIN, TO HELP OUT WITH THEIR ARGUMENT, THEN THEY DOUBLE THE EXEMPTION ON THE ESTATE TAX. WHICH WILL GO FROM $11 MILLION TO $22 MILLION. THE PEOPLE AT THE BOTTOM IN THIS, THEY'RE GOING TO ARGUE EVERYBODY GETS A TAX CUT. WELL, HERE'S WHERE WE GO TO REVISED HISTORY. IN 2001 PRESIDENT BUSH SAID EVERYBODY GETS A TAX CUT. THE FEDERAL BUDGET OF $1.3 TRILLION INCLUDED A TAX CUT FOR EVERYBODY. THE PEOPLE AT THE BOTTOM GOT $100 AND THE PEOPLE AT THE TOP GOT HUNDREDS OF THOUSANDS OF DOLLARS. AND THIS IS A CREATIVE REPLAY OF EXACTLY WHAT HAPPENED. AND THEN IN 2003, THEY CAME BACK AND CUT TAXES AGAIN FOR PEOPLE AT THE VERY TOP. AND BLEW A HUGE HOLE IN THE FEDERAL DEFICIT. WHICH HAD BEEN ESTIMATED AT THE TIME, AFTER CLINTON LEFT ON JANUARY 19 OF 2001, TO PROJECT SURPLUSES OF $5.6 TRILLION OVER THE NEXT 10 YEARS. INSTEAD THE FEDERAL DEFICIT GOT TO $6.1 TRILLION. SO HERE'S THE SIMPLICITY OF THEIR PROPOSAL TODAY. THEY ARE BORROWING $2.3 TRILLION TO GIVE A TAX CUT TO PEOPLE AT THE VERY TOP OF AMERICAN SOCIETY. THAT IS NOT IN DISPUTE. IN ADDITION, THE BORROWING THE MONEY, RECALL THAT THE FEDERAL RESERVE BOARD SAYS THAT THEY'RE PROJECTING ALREADY THREE INCREASES NEXT YEAR IN INTEREST RATES. WE DON'T KNOW WHAT THIS IS GOING TO LOOK LIKE BY THE TIME THAT THEY GET DONE. BUT THIS TODAY IS MORE ABOUT IDEOLOGY THAN IT IS ABOUT PUBLIC POLICY. THINK OF IT THIS WAY AS WELL. THIS WAS DONE IN ONE MONTH. ONE SINGLE MONTH THE ENTIRE REVENUE SYSTEM OF THE UNITED STATES IS BEING TRANSFORMED. NOT ONE PUBLIC -- I YIELD MYSELF AN ADDITIONAL MINUTE, MR. SPEAKER.

                                    Show Full Text
                                  • 12:22:23 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN IS RECOGNIZED FOR AN ADDITIONAL ONE MINUTE.

                                  • 12:22:26 PM

                                    MR. NEAL

                                    THANK YOU, MR. SPEAKER. NOT ONE PUBLIC HEARING WAS HELD ON THIS DEAL. AND…

                                    THANK YOU, MR. SPEAKER. NOT ONE PUBLIC HEARING WAS HELD ON THIS DEAL. AND HAD THEY SAY TODAY, OH, WE HAD FIVE YEARS OF PUBLIC HEARINGS, WE DID NOT HAVE ONE HEARING ON THIS BILL. NOT ONE. NO WITNESS TESTIMONY WAS SOUGHT. NO COMMITTEE WAS CONVENED FOR THE PURPOSE OF A HEARING. AND THEN WE WENT TO CONFERENCE, WE WERE ALL GRANTED AN OPENING STATEMENT. AND WE GOT TO QUESTION THE NONPARTISAN DIRECTOR OF JOINT TAX. MR. SPEAKER, MORE THAN ANYTHING ELSE TODAY, THIS IS A MISSED OPPORTUNITY WHERE BOTH SIDES COULD HAVE ACCOMPLISHED SOMETHING GREAT FOR THE AMERICAN PEOPLE AND I RESERVE THE BALANCE OF MY TIME.

                                    Show Full Text
                                  • 12:22:59 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN'S TIME IS RESERVED. THE GENTLEMAN FROM TEXAS.

                                  • 12:23:02 PM

                                    MR. BRADY

                                    MR. SPEAKER, I'M PROUD TO YIELD TWO MINUTES TO THE GENTLEMAN FROM…

                                    MR. SPEAKER, I'M PROUD TO YIELD TWO MINUTES TO THE GENTLEMAN FROM CALIFORNIA,

                                    Show Full Text
                                  • 12:23:06 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR TWO MINUTES.

                                  • 12:23:08 PM

                                    MR. NUNES

                                    MR. SPEAKER, I STOOD HERE SEVERAL WEEKS AGO TO SPEAK IN SUPPORT OF THE…

                                    MR. SPEAKER, I STOOD HERE SEVERAL WEEKS AGO TO SPEAK IN SUPPORT OF THE ORIGINAL HOUSE-PASSED TAX REFORM BILL. SINCE THEN, AS A MEMBER OF THE CONFERENCE COMMITTEE, I HAVE PARTICIPATED IN THE PROCESS OF STRENGTHENING THIS BILL AND MAKING IT EVEN MORE TRANSFORMATIVE. THAT IS WHY I CONTINUE TO STAND IN STRONG SUPPORT OF THE BILL AND CONFERENCE REPORT WE WILL BE VOTING ON TODAY. WASHINGTON SPECIAL INTERESTS HAVE DISTORTED BUSINESS DECISIONS FOR TOO LONG. AND WE CAN NOT AFFORD TO WAIT ANY LONGER TO REFORM OUR BROKEN TAX CODE. SHOULD WE FAIL TO ACT NOW, BUSINESSES WILL CONTINUE TO LEAVE THE UNITED STATES FOR TAX PURPOSES. TAKING THOUSANDS OF GOOD-PAYING JOBS, AMERICAN JOBS, WITH THEM. OUR SMALL BUSINESSES WILL CONTINUE TO SUFFER THE DAMAGING EFFECTS OF A BEWILDERING AND PUNITIVE TAX CODE THAT GIVES UNFAIR ADVANTAGES TO THEIR LARGER, WELL-CONNECTED COMPETITORS. BUT ALL THIS WILL CHANGE IF WE PASS THIS BILL. FOR YEARS I HAVE ADVOCATED FOR FULL AND IMMEDIATE EXPENSING, WHICH WILL ALLOW BUSINESSES OF ALL SIZES TO WRITE OFF COSTS IMMEDIATELY. THIS BILL WILL PROVIDE FULL EXPENSING, WHICH IS ONE OF THE MANY PRO-GROWTH PIECES TO THIS LEGISLATION. I AM CONFIDENT MY COLLEAGUES WILL SOON SEE THE TREMENDOUS EFFECT OF FULL EXPENSING AND MAKE THE IMPORTANT DECISION TO EXTEND IT BEFORE IT EXPIRES. MR. SPEAKER, I STAND HERE WITH MY COLLEAGUES ON A HISTORIC DAY IN SUPPORT OF ONE OF THE MOST DRAMATIC REFORM BILLS TO COME BEFORE THIS BODY SINCE I CAME TO CONGRESS. THE TAX CUTS AND JOBS ACT SIMPLIFIES THE CODE, GROWS THE ECONOMY AND ALLOWS FOR STRONG BUSINESS INVESTMENT. I HAVE SAID BEFORE THAT I WILL NOT ACCEPT THE STATUS QUO OF OUR BROKEN TAX CODE. OR A MINIMAL REFORM THAT MERELY ADJUSTS RATES. INSTEAD WE MUST TRANSFORM THE CODE INTO A SYSTEM THAT IS SIMPLER AND FAIRER AND THAT ENCOURAGES ECONOMIC GROWTH INSTEAD OF SUPPRESSING IT. THAT IS WHAT THIS BILL DOES AND THAT IS WHY I STRONGLY SUPPORT ITS PASSAGE. I YIELD BACK.

                                    Show Full Text
                                  • 12:25:00 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM MASSACHUSETTS.

                                  • 12:25:02 PM

                                    MR. NEAL

                                    THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM…

                                    THANK YOU, MR. SPEAKER. I'D LIKE TO YIELD ONE MINUTE TO THE GENTLEMAN FROM MICHIGAN, THE LONGEST SERVING MEMBER OF THE WAYS AND MEANS COMMITTEE, AND A WELL-DESERVED ONE MINUTE, I MIGHT ADD, MR. LEVIN.

                                    Show Full Text
                                  • 12:25:11 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE MINUTE. WITHOUT…

                                    THE GENTLEMAN FROM MICHIGAN IS RECOGNIZED FOR ONE MINUTE. WITHOUT OBJECTION.

                                    Show Full Text
                                  • 12:25:16 PM

                                    MR. LEVIN

                                    IN ALL OF MY 35 YEARS IN CONGRESS, THIS IS ONE OF THE MOST DECEITFUL BILLS…

                                    IN ALL OF MY 35 YEARS IN CONGRESS, THIS IS ONE OF THE MOST DECEITFUL BILLS I'VE EVER SEEN. IT'S DECEITFUL WHEN REPUBLICANS SAY THE BILL IS FOCUSED ON THE MIDDLE CLASS. IT'S REALLY AIMED AT MAKING THE VERY WEALTHY EVEN WEALTHIER AND FORCING MILLIONS OF MIDDLE CLASS FAMILIES TO PAY HIGHER TAXES. IT'S DECEITFUL WHEN THEY SAY IT MAKES THE TAX CODE SIMPLER, EVEN AS LEGISLATION CREATES COMPLICATED NEW LOOPHOLES, WHILE ALLOWING EXISTING ONES SUCH AS CARRIED INTEREST TO CONTINUE. IT'S DECEITFUL WHEN THE BILL WILL INCREASE THE OUTSOURCING OF AMERICAN JOBS BY PROVIDING A LOWER TAX RATE ON FOREIGN INVESTMENT COMPARED TO INVESTING HERE. IT'S DECEITFUL ABOUT THE DEBT. REPUBLICANS SAY, DON'T WORRY ABOUT THE EXPIRING PROVISIONS. BUT EXTENDING THEM WOULD RAISE THE BILL'S ALREADY DEVASTATING EFFECT ON THE DEFICIT, $2.3 TRILLION. REPUBLICANS ARE RUSHING THIS BILL, BUT EVEN IN THEIR HASTE THEY ARE ALREADY TOO LATE. THE MAJORITY OF THE AMERICAN PEOPLE ALREADY SAY THIS BILL IS A DECEITFUL SHAM. I YIELD BACK.

                                    Show Full Text
                                  • 12:26:30 PM

                                    THE SPEAKER PRO TEMPORE

                                    THE GENTLEMAN FROM TEXAS.

                                  • 12:26:31 PM