tv Speaker Ryan Says Steve Scalise is Doing a Lot Better CSPAN June 21, 2017 9:18am-9:55am EDT
that districts one drastically to democrats. mick mulvaney defeated former joe biden aid fran person by 21 percentage points in november and donald trump on the district by 18 percentage points. read more at politico.com today. yesterday house speaker paul ryan played the trump administration and republican-led congress would overhaul the nation's tax code this year. his remarks to the national association of manufacturers. ♪ ♪ >> thank you so much, buddy. appreciate it. afternoon, everybody. how are you doing? great to see you. thanks for coming out today. welcome to d.c. hey, kathleen. thank you. thank you very much.
appreciate it. please. jay and i go back many, many years. thank you so much, j. i also just want to say what an honor it is to follow my dear friend, our vice president mike pence. isn't he doing a great job? [applause] together we are working on a bold agenda for the country, regulatory reform, health care reform, tax reform, rebuilding a military. after years of talking about these problems, we are finally doing something about them. but i do not viewed as a sort of a simple checklist for government or just turning the page in the policies of the recent past. this is much deeper than that. it's much bigger than that. it goes back to something i talk about right when i became speaker. it's something that is as relevant today as ever.
it is about building a confident america, an america where people are confident that they can get a job that pays well in an economy that is growing. an america where people are confident that their children will grow up with a real security and opportunity. and we want an america where people are confident that they can withstand any challenge and emerge even stronger. this to me is the great task that is before us. i've got to chile, because these are anxious times we all feel it. it's not something we often think about in the rush of our daily lives. but we are being tested. our capacity to come together and it always move forward toward a better combination is being tested. that is what defines us as americans. it's not about our struggles. it is about how we overcome them, how we bounce back pics of
this is what drives the everyday as a policy maker. how do we build up our country's antibodies? you know what i mean when i say that come is how do we fill up that well of resilience we can call on when things get tough. i believe i have come to the exact right place to talk about how we get there. how many times in recent years has the so-called experts told us that american manufacturing is never coming back, that its best days were in the rearview mirror? but right now there are nearly 1 million more americans working in manufacturing and the were at the beginning of this decade. manufacturing is thriving across the country. now, you know as well as anyone how quickly things can change. and when they do will we be able to say that we are ready? will our workers be ready to take on the jobs that don't even exist yet?
will our economy be ready to handle the disruptions that we can't even fathom yet? that's our test. and that is why working with president trump we are delivering on an agenda to create jobs and to grow our economy come to begin fixing a regulatory system we repealed obama era red tape with a legislator tool we call the congressional review act. before this congress this tool had only been used successfully once before, once in the 20 years this tool has been on the books. you know what? since january, 14 congressional review acts have been signed into law. 14 times we have rolled back oppressive regulations. it is estimated these actions alone could save families and business more than $36 billion. we are just getting started. and to revitalize main street, earlier this month the house passed the financial choice act.
look, you seen as much as anyone they hit the community banks have taken from countless aussie rules coming out of washington. these banks are the very lifeblood of credit for small businesses across the country. our plan will give relief to those community banks and make it easy for small businesses to get the capital that they need to grow and to hire. another thing we need to do, we need to make our workforce more resilient, and the thing we need to do that is to close the skills gap. how many times have you been talking about this with your member of congress, after rotary clubs, at, with your fellow workers. we need to connect people with the skills they need to get good paying in demand jobs. that is why on this thursday the house will be taking action on critical legislation to expand career and technical education. this has strong support from both sides of the outcome republicans democrats.
we need to get it to the president's desk fast. and our work continues to replace a repeal obamacare. this law is clearly collapsing. americans nationwide, they are facing double-digit premium increases and coverage choices are disappearing by the day. in 30% of the counties throughout america, people have one or no plans to choose from. this month anthem decided to quit the obamacare exchange in ohio leaving 18 counties with zero coverage options next year. last month blue cross blue shield decided to quit the misery exchange leaving 25 counties with zero coverage options and also last month, medicare signaled it would quickly i would exchange which would leave 94 of 99 counties in the state of iowa, 70,000 people, with zero coverage options. so this is the story across the
country. higher premiums, little or no choice, a death spiral. we are engaged in nothing short of a rescue mission to finally bring relief to american struggling under this law and give everyone access to the care they need. so just in five months, in five months we have made real collaborative and getting government out of your way. and your support has been a big reason why there i didn't want to come and say thank you for that. [applause] >> once in a generation, about once in a generation or so there's an opportunity to do something absolutely transformational. something that will have a truly lasting impact long after you and i are gone. that moment is here, and we are going to meet that moment.
ladies and gentlemen, we are going to fix this nation's tax code once and for all. [applause] >> this has got to get done. you may recall that the last time we did this was three decades ago. the same year i got my drivers license. a lot has changed since then. our economy is more interconnected with the rest of the world than ever before. the internet has transformed the way we do business and go about our daily lives, but the world has changed, and as it us change our tax code has remained stuck in neutral. it has ballooned to 70,000 pages of rules and regulations that few people today actually understand. there's this old line about the tax code. our tax code is about five times as long as the bible, but with none of the good news. president trump recently introduced a set of principles for tax reform, and right now
we, the house, the senate, the white house are working together to turn them into a transformational tax reform plan. chairman kevin brady and our ways and means committee members are holding open hearings and beating with stakeholders on this right now. i want to take a few minutes and walk you through what that kind of reform will look like. let's start with families and individuals. at some point along the way, our tax system has started working for the tax collectors rather than working for the hard-working taxpayers. and look at what happened during tax season. i can describe the complexity of the code all day long, but what really defines our tax code is that sense of dread that you feel. you know that feeling pickett to navigate long complicated forms to file your returns. you need to wade through a seemingly endless amount of deductions and credits each with its own rules and eligibility requirements and then after you
tally up all those deductions, you are placing up to seven different federal tax brackets based on your income level. and at the end of the date you hope, you really hope that you do not owe a whole bunch this year. you hope because you really don't know ahead of time. how could you? this whole system is too confusing and it's just too darn expensive. we have got to stop this madness, don't you agree? [applause] >> so let's just start over. first, first we will eliminate harmful, burdensome taxes including the death tax and the alternative minimum tax. [applause] next, we will clear out special interest carveouts and expensive deductions and focus on keeping those that make the most sense.
homeownership, charitable giving, retirement savings. we will consolidate the existing seven brackets into three, double the standard deduction and simple fight things to the point that you can do your own taxes on the form the size of a postcard. this, instead of a 1040 form, wouldn't that be nice? [applause] this isn't a reach. and finally and most importantly, we would use the saving some a limited in these loopholes to lower tax rates. let me say that again. we are going. ..
good paying jobs. as a matter of fact, a nonpartisan tax foundation stated our blueprint would create 1.7 million new full-time jobs. we do it? right now we have the worst business tax systems in the industrialized world. most people don't really know this but here in america, eight out of four businesses file their taxes as individuals. most of our jobs come from these new and small businesses and under our crazy system, successful small businesses fail marginal tax rate of 44.6 percent. it's crazy. love, you all know this. manufacturing employs more than 12 million americans and not more than $2 trillion to our economy every year. and the overwhelming majority
of these companies are small businesses. >> at the same time, our corporate tax rate, the one that taxes the rest of american businesses, it's 35 percent. >> let me try to put this in global perspective. overseas, what where i come from, companies in canada pay just 15 percent. the average tax rate on businesses in the industrialized world is 22.5 percent. yet our corporations pay 35 percent in our successful small businesses a 44.6 percent. how can we compete like that? we can. it actually gets worse. you see, this status quo encourages companies to move operations overseas to make things abroad and sell them back to the united states. this makes no sense.and it
actually is costing us a lot of jobs. we are actually very unique in the world in the way that we discourage capital from coming back to america and how we incentivize off shoring. this is not the kind of exceptionalism we should be expiring too. today, us companies are leaving to become foreign companies which should be the other way around, we want foreign companies to become us companies. we must think differently. so that once again, we make things here and export them around the world. there are so many different ways of cheating us. we had the house of our own ideas and that is one of the things we're discussing with the administration because were going to get this right. here's the bottom line. we cannot accept a system that perpetuates the drain of american businesses overseas. [applause] when i look at
this once-in-a-lifetime transformational opportunity, my view is this. we should not try to play catch up with the rest of the world. we should not just aim for being in the middle of the pack, let's not accept filing any other countries wait. let's be the best once again. part of this is moving into what we call a territorial system that reverses this trend of corporate inversions and enable businesses to bring cash, spending overseas without being taxed. right now, if american companies make money overseas, it gets passed over there but we also taxes again if that company tried to bring that money back into the us. almost no other country does this. as a result, it is preventing many companies from bringing that money back home. we keep it over there. it is literally straining trillions of dollars that could come back into our economy, we've got to fix this and we will.
[applause] of course, real tax reform means slashing our corporate tax rate as low as possible. this means eliminating special interest and replacing them with lower tax rates for all businesses. and it means creating a new lower tax specifically for small businesses so they too can compete in a fair, level playing field. >> there is one last piece of this puzzle. >> and it goes back to the idea that all of this is about looking down the road. it's about planning for the future, leaving a better legacy. these reforms, these tax cuts, they need to be permanent. every expert agrees ... [applause] they need to be permanent because every expert agrees temporary reforms will only have a negligible impact on wages and economic growth. does mrs. need to have confidence we won't pull the
rug out from under them. they need the certainty from permanent tax cuts to higher workers, invest in their businesses and plan for the future. that's basically an overview of our plan which we will begin to turn into legislation to put before congress. it is a very ambitious plan, but you know what, it has to be. >> i know that the cynics and naysayers will be out in full force and you will hear the tax reform is coming along one day. then you will hear the tax reform is dead. then you will hear that it's back on track, and you will hear is on life support. times you hear that the same week. sometimes you hear it in the same day, you'll hear this in the same hour. do not be surprised by any of this. i'm here to tell you we are going to get this done in 2017. >>. [applause] you know why we're
going to get this done in 2017? we have to get this done in 2017. we cannot let this moment slip by. yes, the defenders of the status quo and there are many of them, they are counting on us to lose our nerve. to fall back or to put this all together but we will not wait for a path free of obstacles. guess what? it doesn't exist and we will not pass for quick fixes and half measures. transformational tax reform can be done and we are moving ahead. be. >> i promise you, that we will give it all that we have. and here's what i'm asking you today. i'm asking you to do the same. get in this fight. help us get this done. help us make this different. help us make and build a confident america that our children deserve, that you are building for your families right now today. thank you very much for
having me today, i appreciate it, thank you. [applause] thank you. thanks, i appreciate it, thank you very much. [applause] thank you very much mister speaker. we very much appreciate the speaker being with us and we're going to take a few questions, from the audience. we know we only have a little bit of time so i do want to start off with a very serious question mister speaker and house our friend steve? >> he doing a lot better, i saw him friday. [applause] is going to take more surgeries but he's responding. he's breathing on his own, he's talking. he grabbed somebody's phone and started texting away so he's doing a lot better. >> will keep him in your
prayers. were going to open it up for questions and you can send us questions to the summit and a.org and also to add us at halftime and st summit. that's email@example.com or hashtag mst summit. so mister speaker, you specifically say you need our help in getting tax reform done, there's a lot of committed people to doing that. tell us one thing we can do back home in the district that can actually make a difference. >> you got to communicate with your employees, your employees how big a deal this is from your business, or their jobs, for competitiveness, for the ability to expand and make sure those employees communicate with congress, make sure we get this conversation going in this country. this is x essential for the viability of our economy going forward so make sure, i see a lot of us concentrates rate here.
they're doing this but make sure you're communicating with your employees and make sure they communicate with their public officials. >> it's important, you said employees and obviously it's great to have running the company's but it's good to have employees explain how it matters to their jobs. >> just look at the fact differences, it's a big difference. we've got big manufacturers in wisconsin and small manufacturers, they understand global competition and of all the things we can do you really give us an edge . i think it's important to communicate with everybody on that. >> the cost of doing business is what we hear about every day talking about manufacturing competitiveness so it's tax reform, regulatory reform. you mentioned and thank you so much for doing so that so many manufacturers are small and medium-sized manufacturers, are you confident, you talk about confidence, are you confident small manufacturers are not going to be left behind and that question is from tom riordan who is with enterprise.
>> i am confident because look, in wisconsin 90 percent of our businesses are what we call some actor, llcs or sole proprietor. that's most american businesses. and so you can just lower the rate of corporations which is in america percent, 10 percent in wisconsin. you got to lower rates across the board. at the very least level playing field but given the answer they need to be in a global economy. where we come from i was joking about what makes a superior. canadian tool and die job shop, they had a successful tool and die job in wisconsin with over 50 percent when you throw the state tax on top of it. he puts us at a huge competitive disadvantage so it's got to be for all, big and small, both sides of the tax ledger. >> reminder you can submit your questions to summit @nam.org. right here. firstname.lastname@example.org. drew greenblatt is the chair
of our small and medium manufacturers group, as kind of a process question which you talked about what he's wondering what the timeline is. we understand and we get that we're going to hear instead, is alive, all that but what's a realistic timeline for getting this done? >> just get it done by the end of the calendar year. my personal goal is done by opening year. >> the saturday before thanksgiving so i really believe that it's very viable and senator mcconnell, steve nguyen, we've been meeting regularly with the tax writers at hassan brady to spec out a timeline and we think it's very much beautiful i'm getting this done by the fall so that come first of the year we have a new system in place and everybody knows the rules of the road. >> another question coming from one of our members in florida who is first of all
saying thank you for your leadership on tax reform and asking what you think will happen with the estate tax. >> we want to get rid of it. it makes no sense. >> you were a leader on that. for so many years. >> you pay all these taxes while you're living and your life, sometimes multiple times in the same dollar and what, you die and get faxed? this is one of the greatest killers of intergenerational transfer of businesses from one family to the next. i look in my own cousins who are in the excavating business. that cost half $1 million but what are you going to do? cut your business in half and sell off your assets just to keep the tax handed down from one family to the next? it's a killer of businesses being transferred down the line from one family to the next, especially people who are wealthy, who are farmers
and ranchers or small business people, manufacturers, think of the tool and die in the machines and all the kind of expensive capital investments people make. you will compromise that business with the estate tax, that's why we get rid of the whole thing. >> it's great news . [applause] >> in the course that same mindset is something we should also think about when we're talking about repatriation, a lot of assets are not liquid and i know our manufacturers care about that as well so we're talking about the cost of, when we're talking about the cost of doing business, another driver is regulatory regime which we've been under not just for years although it's pretty bad but for 20, 30 years regulations been piling up. 2,700,696 to be exact imposed on manufacturers at a cost of 39,000 per employer per year for small manufacturers. first, thank you for the work
on cra, that was phenomenal. i don't know anybody expected it to be so successful but thank you for that. you see a path forward for a legislative regulatory relief . >> i do, first on your earlier reference, we do believe we should distinguish between liquid money that's coming overseas when we do tax reform. >> i could tell where you're going on that one. second, we see this as waves of reform, the first wave was used the cra tool which is time-limited, get that recent regulation that we can resend and get those done, those are now in law. second way is the administration now that they're getting populated, we have secretaries and assistance, have to take the ball from there and clean up the regular regulations coming out of their agencies. i think department of labor is a good example. then we have other legislative reforms that will be more challenging to pass but we think we have a very
good case for it. thank things like arrange that. our elected officials, people you vote for, the legislative branch, they're the ones should be writing laws, not those unelected bureaucrats. that's what the rain jacket does is any big major rule that has the full force of law, made major regulation, it has to come back to congress for final approval for an amendment before it goes into effect. more than half the state legislatures already do this. we want to do that the federal level. that becomes a check on making sure we don't have this regulatory fiat that by regulators that don't understand our economy and just micromanagement. if we're going to live under a law, then the person we voted for should be the one writing that law, not some unelected bureaucrats. the number reform is regulatorybudget, but truly do cost-benefit analysis . does the cost of this proposed regulation truly outweigh the benefit or not? and if it does, don't do it.
if it doesn't, and it's probably the right thing to go forward with. that's the kind of regulatory discipline we want to have and i will require further discipline. >> that was part of the executive order which was phenomenal and his one in, to out was very welcome. you had a a voice and that as well so thank you. one of your mentors i know was just him and he was very much a champion question. as young americans this is from our live task, as a young american i want the ability to save and invest for my future, how will tax reform address the ability to save and invest for financial security? >> that's why you saw one of my points i made earlier, there are certain things we want to prioritize and emphasize. buying house and saving for retirement so we want to have a tax code right now i would argue the tax code is against
saving and investment. at the very least we want to remove that bias against savings and investment so people can save for the future but the best possible thing for that young person is not an economy growing at one or two percent three percent, reading good, high paying jobs with a lot of demand. that's why i talk about the skills gap. lifelong learning and get our economy wired so that it's ahead of the curve, so the disruptions happening are continuously good disruptions and that our education system is on track with it and tax system does not penalize savings but rewards savings. those kind of combinations of policies are what is critical for young people today. we are in the marvel of the world, america is. we have been for the 20th century. there's absolutely no reason why we can't before the 21st century. look at the enormous energy that we have. the energy potential we have. look at our education system. it's got a lot of room for improvement but it's a good one. look at our intellectual property, rule of law. look at our entire system.
you fix this juncture of the tax code, you get the regulatory system in a good place and there's no stopping this country. this is the best country to live, to work, to raise kids, to have a future in and that's what we think is necessary to rebuild what i call a confident america and no matter what comes, no matter what happens, we can handle it because we got ourselves into a good place. that's why i think the crown jewel of rebuilding the confidence of this country, clean up the regulations, reform the tax code. there's no stopping us. [applause] output another plug-in for infrastructure investment but we can talk about that. it's on the list you, also from the live cast, i can begin to question, does government have a role in helping workers find dignity in their work and how can it accomplish that.
>> i think it does because in many ways government can undignified work in that it can penalize work. this is one of the things we're going to be tackling through the course of this year and next year, i call it the poverty trap. now if you take a look at our war on poverty which is 31 years into it, the poverty rates we have are about the same as they were when we started this war on poverty 31 years ago and you take a look at all these benefits, well intended as they are and stack them up, a producer work. a disincentive i4. a tell people that it pays not to go to work and we have to remove these and switch them with a welfare reform that actually makes more pay. the top tax) america isn't small business pain 44.6 percent, the top effective tax rate there is a single mom, two kids and $24,000 in benefits, they will lose $.80 on the dollar if she takes a job so you don't want to have a poverty trap that
discourages people taking that step forward in life and we want to make work always say and that is why we think we're due for a new round of welfare reforms focused on getting people the skills they need, customizing benefits and then tapering this benefit cut off in such a way that always casework so that's why i think the dignity of work is so important, literally because we have boomers and we need more people. the other reason is we have the labor force participation rates among young people that are really not where they need to be, they're back in 1978 miles so we have to do everything we can to push, pull, prod, carrot stick whatever you call it, people to get into this workforce to get skills they need so they have a dignified life that's there for them, that they have the potential for and i would argue our federal policies are holding themback and we got clean that up . >> the best feature i have that i have in my office is snap on tools, and behind us
is a banner, the dignity of work and we were talking that day, you were talking especially to manufacturing workers, there's so much dignity in the manufacturing workforce and there's so much potential and we are really pleased that you supported us for so many years and let me ask you a final question because we have to wrap up, there's been a lotof strife in washington . what's one thing we can do as citizens to help you and your colleagues rise to the occasion and to be the best everyone can be? >> let's not talk about why we can't do something and let's talk about how fantastic things will be if we get this done. let's not talk about this little tax benefit for that tax benefit, let's talk about the big picture, we're not trying to tell people in congress is less see the forest for the trees and raise our days to the horizon so we can clearly achieve a country so help us see this
better way. help us see this saturday if you are put on a level playing field as a manufacturer with the rest of the world, how much better you can do . how many more wages increases you can have, how many jobs you can fill, how much better this country can be. we need to look a little more aspirational he the horizon and is clearly there for us to get and not so worried about the day-to-day acrimony. that's the other thing i tell people is there's a lot of acrimony, maybe it's because of the internet or politics these days, whatever the reason, try and put it aside, let's all be happy warriors and the optimist and talk about this beautiful picture we can create and pay for ourselves if we work together to get that done. [applause] >> and that is exactly why we love working with you, you have such a great outlook for this country and we're so proud of you and please be working alongside you to
improve the manufacturing economy. we are out of time, those of you are joining us on live stream, it's going to conclude shortly but you can take action on tax reform and contact your members of congress. you need to do is tax tax msg tax, that's an antitax, everybody here can do it to 5288, that energy tax of 5286, you'll stay connected with the nam on tax reform. i need everybody's help as we conclude the session, going to take slp as i know the speaker loves to do that. going to take a selfie of everybody here. that means i have to actually do it i guess there's a little technical work that has to be done here. hold on a second. i will get it. what's your password? >> all right, you've got to smile behind us. >>.
>> i got the rabbit years behind you. thanks, i appreciate it. >> the boston globe reporting on yesterday's meeting with president trump and his ukrainian counterpart. the meeting with president poroshenko was described by the white house as a brief drop in but the two presidents pose for photographs in the oval office and made brief remarks follow