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tv   U.S. House of Representatives House Tax Reform Bill General Debate  CSPAN  November 16, 2017 6:03am-7:01am EST

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of the miami book fair this weekend on c-span2's book tv. house will finish floor debate on tax reform and vote on final passage of the bill. live coverage on c-span at 9:00 a.m. eastern is part of yes -- here is part of yesterday's bill on the debate beginning with a congressman, this is about one hour. >> look, you cannot have it both ways. i just heard it said. you cannot have it both ways. what i suspect will happen after i get done, as has been the case with every one of the speakers onthe side, the gentleman the other side will say that residents in my hometown will get a tax break of x, $1000. i would ask if he would add to that, the amount of the debt that is being born by each one
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of these families. the way i have it calculated, it costs a family of four about $20,000 for your debt that you are willing to levy against our children and grandchildren in order to give the richest 1% of the americans a massive tax break. thatannot deny the math almost all the benefit goes to the people at the top. the top 1% are huge beneficiaries. you cannot deny the math that 5400 families will get a massive tax break. you cannot deny the math that says every single american will take on additional debt, a family of four, $20,000 in debt. i was intrigued by the colloquy where members came to ask the
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leadership if they will work with them to take out a egregious elements of this tax proposal. we get this sort of, yes i will work with him answer. why the do put it in the first place? why are you cutting tax credits? why are you cutting new market tax credits and historic tax credits in the first place? you just wrote the bill. you just wrote it. why did you put it in the first place? it makes no sense. it makes no sense. debt to and i -- add our children to give tax breaks to the people at the top. >> he is no longer recognized. -- would like to remind people to address the remarks to the chair. the government from massachusetts -- >> it is not just $1000 for the gentleman's district, it is
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$1200 and i will -- claiming my time, i will yield myself 30 seconds. let's go to the student issue. it was the obama administration that proposed in the 2017 budget for the elimination of the student deduction. i think the sanctimonious needs to walk out of the chamber. 15% and annualf $2500 above the line deduction is a $375 tax break. we are proposing something far greater with doubling the standard deduction and lowering the rates. let's take the -- madam speaker -- >> your time has expired. >> i yelled a minute to the gentlelady from missouri. >> she is recognized for one minute. >> i thank the gentleman. it is about time we get something real done for the american people. the people of missouri's second
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district send me to washington to secure their jobs and to keep a little more of their hard-earned money. at long last, we are finally doing that. i vote yes to fix our broken tax system. i vote yes to help reignite the american economy. i vote yes to make it a little bit easier for that single mother of two, the firefighter, the teacher, shop owner, family of four, the veteran. i vote yes for bigger paychecks, better savings, added more secure future. i ran for congress to fight for the people of missouri and to make sure that every hard-working american can realize their own american dream. i thank you and i yield back. >> a gentleman from massachusetts is recognized.
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>> i would like to use the next two minutes and yield them to the general man from pittsburgh, pennsylvania -- gentleman from pittsburgh, pennsylvania, mr. doyle. >> he is recognized for two minutes. >> i am in opposition to this terrible bill. many of my colleagues have called it a scam and they are right. supporters of this bill have said everyone gets a tax-cut. that is not true. millions of americans get a tax increase. more and more each year. supporters of this bill have called it a middle-class tax-cut. that is not true. the lion share of the money goes to corporations and households making $1 million or more. not the family struggling from paycheck-to-paycheck. what this bill gets to the middle class in one hand, it takes away with the other with devastating consequences for households with high medical
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costs, student loans, or high state and local taxes. supporters of the bill have claimed it will keep companies from moving jobs overseas, create new jobs at home, raise wages for american workers. that is not true. all this bill cuts corporate tax rate, it creates new incentives for shipping our jobs abroad. believe anyone really that tax cuts for corporations or the rich will trickle down to the rest of us? it did not work in the reagan administration, it did not work in the bush administration, did not work in kansas, and it will not work today. make no mistake, colleagues, this massive tax cut for corporations and the rich will increase deficits and the national debt by trillions of dollars, sticking the rest of us, especially our children, with the bill. this massive tax cut for corporations and the wealthy is not a middle-class tax-cut, it
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will not create jobs or raise wages. it is not reform. it is certainly -- it certainly will not pay for itself. if we want to increase economic growth, let's give a real break to the middle class and small businesses. they will put the money into the economy. that is the way to great jobs at i urge my colleagues to reject this giveaway to the rich. >> your time is expired. you are no longer recognized. .an from illinois >> do you want to lionize ronald reagan or criticize him? i will leave it to them. i would like to yield two minutes to the human from kentucky -- gentleman from kentucky. >> i adamantly dispute this false narrative that the tax cuts and jobs act is only intended to benefit the wealthiest americans and does not benefit the middle class.
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when you hear the fiction from the other side of the aisle, remember these facts, this bill tax rates on middle and lower income americans and takes the lowest 10% bracket 20 and it doubles the standard deduction, meaning hard-working americans and immediately take on more of their paychecks. specifically, the first $24,000 a family income will be completely tax free under this plan. live slashing our noncompetitive corporate tax rate, it will result in more jobs at it will deliver average american households a pay raise of at least 2.5%. with this legislation, a typical family of four earning $59,000, the median household income will receive a $1182 tax-cut. that is not a tax-cut for the rich. that is a tax-cut for low and
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middle income hard-working americans and that is a fact. this will benefit people like jerry from frank for, kentucky who told me the extra income will give him breathing room and help constituents living paycheck-to-paycheck who told me they would use the tax cuts to save for a rainy day and make car repairs, occasionally go to a restaurant and invest in higher education. i heard from my constituent who told me that it does not matter how i plan to use my money, by definition, it is my money to begin with. trust me to spend it in the way that applies for me. you are absolutely right. it is your money. tax relief is not about handouts , it is about allowing the american people to keep more of the hard-earned income that they made. on behalf of all of the hard-working people of kentucky, irish my colleagues to vote for gary. >> the time is expired. >> to keep more of what they
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earn and vote yes. >> gentleman from illinois reserves and the gentleman from massachusetts. >> i would yield two minutes from gentleman -- for the from ohio, congressman ryan. there was taxme reform was 31 years ago. 96% of income growth went to the top 10% of the people in the country. 96% went to the top 10%. the top 1% control 90% of the wealth in this country. families in the united states of america could not withstand a $500 emergency. we have pensions collapsing. we have communities that have
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eroded. wiped out. and the republican plan to fix this is to go to the chinese trillion and $2.3 bring it back to the united states and give it to the wealthiest people in this country. damnis not going to fix a thing in the united states. it will not help split, springfield, youngstown, pittsburgh, or gary, i am talking about gary, indiana. they will get hammered. we have tried this before and many of you were here. president bush did this in we will cut taxes for the wealthy and that will lead to growth and wages to go up. we had the most stagnant decade of growth since the great depression. it ended in a complete economic collapse. this is a canard.
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this economic philosophy stinks, it does not work and hammers working-class people. to pour salt in the wound, madam speaker, to put salt in the wound, you keep the deduction that allows a corporation to outsource jobs from our communities to other countries. the only place this bill will in beijing, is china. i yield back the balance of my time. >> gentleman from illinois is recognized. >> the good news is, according to joint committee on taxation, 70% of the individual tax relief goes to families earning under $200,000, according to their publication on november 13. i yield a minute to the gentleman from florida. >> you are recognized for one minute. , no one in this
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chamber can dispute when i say that american tax code is broken. i stand with my colleagues in support of progrowth tax reform. because our tax cuts and jobs act works for the middle class. for too long a complex tax-cut, high rate, and burdensome regulations have held back opportunities for hard-working families. the tax cuts and jobs act offers much-needed tax relief for low income and middle income americans. the focus is on the middle-class tax cuts that allow hard-working peruvians to keep more -- floridians to keep more of their paychecks to say for their children's college fund and invest in their retirement. so they can enjoy vacations with their families. florida families know how to spend their money better than the government. this plan allows them to keep more of their money that they earn. instead of waiting for tax returns and deductions to give
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them their money back. this bill is profamily and pro-business and it will get our economy a boost. nothing will address our debt more than growth to i yield back -- then growth. >> gentleman from massachusetts. >> i yield to the gentleman from california, the champion for the middle class. >> you are recognized for two minutes. >> i want to thank the ranking member of the subcommittee for his hard work. he has been a great voice. this is a harmful and deceitful bill. it is for good partisan. we have learned over the years that if you do something tricky on a partisan basis, it will not work and will fall apart. learn from our mistakes. work with us. there has not been a single hearing on this bill. a public should be confused because there has not -- they
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have not been informed about what this bill does as it was rushed through in one week. it takes more than one week to know the post office, what is going on? no one understands the consequences of this bill. it does greatly reduce taxes for corporate america. it reduces taxes for the wealthy. where do you think the money will come from to pay for social security and our roads and highways? to pay for education and medicare? it will come from the middle-class. there is no other way we can pay for this. i will be kind and say that maybe they are being overoptimistic. maybe do not understand what is going on. do not believe it. you will pay more taxes. , they will say in my district you will get $1200 more, no, you will pay
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more. you will not get more money back. in california, 6 million people will lose the tax deduction, the state income tax reduction. that means you will pay taxes twice on your earned income. in california, homeowners will get hit hard. i do not see how anyone from california can vote for this bill. education will be more expensive than student loans will not be deductible. this bill will hurt our nation's ability to compete and that layoffs -- and lower pay and layoffs. >> gentleman from illinois is recognized. $1900is not $1200, it is for the median household in california's night district. -- ninth district.
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i would like to yield to the gentleman from missouri. >> four minutes. >> a lot have been since -- has been said about the tax cuts, they think this bill will make losers of the american workers or the american economy. the truth is the status quo, our current broken tax code, is causing our workers and our economy to lose. back in southeast missouri, i will give you an example under the current tax code. a machinist and poplar bluff, missouri working 40 hours a week is fearful to work harder. because the more money they make, the less they will have percentagewise. under our current tax code. that is not right, bottom speaker.
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-- madam speaker. a cotton farmer in southeast missouri has worked for decades to build his family farm. hoping to pass it to his daughter. under the current system, his daughter would have to sell portions of the farm or take out a massive loan to continue the family operation. the status quo in our tax code that is rate against the american -- rigged against the they cannotpayers, afford an army of lawyers and accountants and lobbyists to find all the loopholes and bailout available only to a select few. -- tax rate for businesses that are so high that american companies are not able to grow. hire new workers. or be competitive with other countries around the world. the other side of the aisle is
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arguing to keep a broken tax code that is pushing hard-working taxpayers -- punishing hard-working taxpayers. all of the grandstanding leaves us with one question that needs to be answered for the american people -- what do these tax-cut mean for you? it means the hard-working family in southeast missouri will keep more of their paycheck. instead of being penalized for success, this bill is about employees, wages, it is about getting to keep more of what you earn. for families and couples, the first $24,000 you earned under this bill will be tax-free. you get to keep it. you decide how to spend your own money, not the government. it means the small businesses and family farms will not feel the sting of the irs and the death tax when tragedy strikes on their family. it means that lobbyists and
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special interest become the losers. we close loopholes and handouts that hard-working taxpayers cannot get. we are ending a tax code that is not built for the everyday american. we are making it simple and fair. it means that america can now compete and win again. with this bill, we lower the business rate to historic levels. we are making our economy healthy again. and we know from history that a healthy economy takes care of itself. it is more stable and sustainable. it provides for full employment, better jobs, and higher wages. former president john f. kennedy knew this when he said -- "our choice is not between tax reduction on the one hand and the avoidance of large federal deficits on the other. it is increasingly clear that no matter what party is in power,
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so long as our national security economyep rising and hampered by restrictive tax rates will never produce enough revenue to balance our budget just as it will never produce enough jobs or enough profits." >> your time has expired. >> an additional 30 seconds. >> you are recognized. >> shortly the lesson of the last decade in the budget deficits are not caused by wild eyed spenders, but by slow, economic growth and periodic recessions. any new recession would break all deficit records. this bill makes the american worker, the american family, the american farmer, the american small businesses, and the american economy businesses winners once again. i urge my colleagues to vote yes on the tax cut and job act. >> gentleman reserves and the gentleman from massachusetts.
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>> 20,000 people will use the student loan interest in missouri 8 and claimed nearly $33 million and adduction. i would yield to the gentleman from california. a medical man. from california is recognized for two minutes. >> thank you for the opportunity to speak on this bill. the fact is that i do want to simplify our tax code. i do want tax reform. a tax reform that relieves the burden on our middle-class, seniors, veterans, students. let's see how this bill fares with the middle class, seniors, veterans, and student. my middle-class constituents in california will be double taxed on their income but big corporations will get tax relief. veterans in my district will find it harder to find work or a
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home because this bill eliminates tax credits for hiring veterans and harms efforts to end veteran homelessness. middle-class homeowners across california will see the value of their homes decrease by as much as 10%. students will get hit with the largest relative tax increase in this bill. and seniors will see a medicare year, $25 billion per over $100 billion of medicare cuts over the next four years. 38 million middle-class families will see their taxes increase. they always point to the family of four earning $59,000 and getting a certain amount of tax cuts. 38 million middle-class families will see their taxes increase. all of this for giving tax breaks to millionaires, billionaires, and corporations
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who ship jobs overseas and raise the deficit by $1.4 trillion within 10 years. nearly 85% of the tax cuts in this bill go to millionaires, billionaires, and multinational corporations that ship jobs overseas. this bill raises taxes on the middle class and gets tax breaks to billionaires. this is not responsible and not acceptable. i urge my colleagues to oppose this bill and protect medicare, protect the middle class. protect veterans. >> you are no longer recognized. gentleman from illinois is recognized. >> if you are in california 36 district and the median household income is $58,000, it looks like a tax cut of $1090. our friends on the other side have more time. my suggestion is that we will reserve our time and let our friends use some of their time.
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>> will be gentleman yield? >> i am nervous to do so without look. [laughter] you want to yield to me? >> you have run out of speakers. >> the gentleman has more time. >> the gentleman from illinois reserves and is recognized. >>, stein? -- how much time? >> 16 and one quarter minutes. >> we had the nephew of president kennedy is here to set the record straight on the quote attributed to president kennedy. kennedy.o joe >> gentleman from massachusetts is recognized for two minutes. >> i thank you and my friend and mentor in the house, mr. neil,
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for his leadership on this issue and many others. i am heartened by the quotes of president kennedy offered by any member of this body. they woulde to think emulate him not on marginal tax cuts put forth that years ago but on the stance on immigration, civil rights, and on his stance with russia. those are issues for another day. the issue today is a vote tomorrow to rewrite an american tax code that will touch every single american life. tax reform is complicated. it is deeply personal. this bill is none of those things. it is a massive and permanent handout to corporations passed off on american families. it is a terrifyingly precise attack on patients with chronic illness, a heartless roadblock for students, and a choice to value inherited wealth over hard-earned income.
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to give us corporations and richest among us pay for my long nights, double shifts, vacations not take. hard-working americans sacrificing, you are asking them to fortify your tax-cut and stock options with their classrooms. roads andprofits with bridges and balance sheet with hard-earned retirement. to talk about the boost of of stocksprofits, 80% in this country owned by 10% of americans. who will be the beneficiary of that money? that is what this bill does. you have heard from our book and friends about what this will save the average american family did not about the 36 main people -- families -- 36 million families with a tax like. hike. a key -- a chief economic
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advisor to the president said they will turn to medicare, medicaid. >> your time has expired. how much more money that thousand dollars will save you when your health care benefits are taken? ask him how much more savings might go for one family when you shred a social safety net. this bill is about the values and visions of americans -- a tax structure that should not -- members are reminded to address their remarks to the chair. gentleman reserves. gentleman from massachusetts is recognized. >> i would like to yield two minutes to the gentleman from maryland, a champion of civil
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liberties and scholar of the law. >> you are recognized for two minutes. >> as my friends across the aisle prepare their statistics about my congressional district were 500 people rallied against the tax plan as we get, come to my district and debate me and several other members of our caucus. i will come to your district and debated because the american people should be part of this decision. when the majority voted to throw 30 million americans off of their health insurance plan, they went to the white house and celebrated like it was mardi gras, the super bowl, and herbert hoover's birthday open together. when millions of middle-class americans got together and defeated the bill, donald trump said they voted for a mean bill. he was right, and lack lambs to the slaughter, they will vote for another mean bill, a tax stamp written by corporate lobbyists in the dark of night now moving through congress with the speed of light.
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while our poor colleagues really walk the plank for the billionaires and wall street tycoons and the trump's cabinet getting ready to laugh to be back when middle-class americans rebel this week and next week and the week after that, and this tax stamp buys the dust, president trump can turn around and call this monstrosity not only mean the greedy. this mean and greedy tax scam puts 1.5 training dollars on america's credit cards so the sons and daughters of the middle-class tempe the rest of their lives for a gigantic corporate tax cut in a time of record corporate profits. one third of the windfall raining down on corporate investors will go abroad because what than one third of corporate wealth is owned by foreign investors, more than $500 billion that goes not to our own rich people but to saudi arabia and china and other foreign investor havens. it will not go to medicare or medicaid or other public purposes at home. they moved to the so-called territorial taxes them so
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corporate profits moved abroad will escape our normal system, giving incentives to record a job flight. somebody tell donald trump about this because this tax scam puts foreign jobs first. while 34 million middle-class americans are hit with a tax increase, goodbye to the health care deduction and goodbye to the college loan interest to the action, farewell to a meaningful state and local tax deduction. and farewell to the estate tax which applies only to billionaires and the richest millionaires in the country. where is the democracy? where is the legislative process? with a bipartisan bill in 1986, we took two years and it passed with overwhelming support while this tax scam has had no hearings, no experts, no citizen testimony, what a scandal that is. we need tax reform but do not need a corporate tax scam and posed against the middle class. >> gentleman yield back. gentleman from illinois
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continues to reserve and the gentleman from massachusetts is recognized. >> two minutes to the gentlelady from california, congresswoman waters. >> thank you for this opportunity. i rise today in opposition to hr1 which is a continuation of republicans relentless attack on working families. this is not a tax plan. this is a tax scam. this president will not disclose how he will benefit from this tax scam. he has disrespected us all. eliminate thewill student loan interest election and state and local tax deductions on income. it will restrict the mortgage interest reduction. it is estimated that 47 million taxpayers face a tax hike. almost half of any tax-cut will
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go to the richest 1%. residents of my state, california, will face the largest net tax increase, totaling $12.1 billion in 2027 alone. i call on the president of the united states of america to show his tax income. to show his tax plan. he needs to let us know what he is all about. and what his taxes are. from the very beginning come he said he could not show them at the time. when he was first inaugurated into this presidency. time has passed and it is time for the president to show us his tax returns. rather than coming up with a tax scam asking everybody else to pay up. to pay more. and saying that this is a middle-class tax cut, when it is not. we want to know more about him and his plan. with that, my one minute for two
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minutes is all about saying, a message to the president, even though i will be cautioned i am not to talk to the president, i am calling on the president -- show your tax return! >> members are reminded to address their remarks to the chair. gentleman from massachusetts reserves and the gentleman from illinois is recognized. >> there is a message for california's 34 district and a benefit of $1395 if a bill is passed. i would like to yield 1.5 minutes to the gentleman from illinois. >> thank you. i want to think my colleague from illinois for his commitment to this terrific bill we have before the house. the people of illinois are unfortunately all too familiar with high taxes and the burden they put on families and our local businesses here at the federal level, things have been
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just as bad with a tax code over 74,000 pages long and riddled with loopholes. over 30 years have passed since the last time congress passed comprehensive tax reform. you can see the effects of our outdated tax code everywhere. we have stagnant hiring, stagnant wages, a stagnant economy holding back on middle-class instead of helping them get ahead. act, is cuts and jobs our chance to change those. by simplifying the tax code and bringing relief to everyday families. we can once again jumpstart the american economy and get it back to working for the middle-class. the choice before us is a simple one -- do we support this bill and the middle-class, or embrace the status quo? that is why i urge my colleagues on both sides of the aisle to come together and vote for this bill. let's send a signal that we do not stand for the status quo.
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we stand for growth and economic opportunity for the american people. let us bring relief to the middle class, support this bill. >> gentleman yield and the gentleman reserves. >> three minutes to the gentlelady from selma, alabama, attorney and marshall scholar, congresswoman sewell. >> you are recognized for three minutes. -- tax code is a statement of our values and i can say that this tax bill does not reflect my values or those of the american people. it favors the wealthy over the middle class, corporations over the working families, and it favored special interests over everyday americans. this bill raises taxes for 36 million middle-class americans and caches a check for $2.3 trillion worth of debt left to our children and grandchildren. this tax bill gives prominent tax cuts for corporations and multinationals while making the
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tax cuts for regular taxpayers temporary. preserves tax deductions for certain industries but does away with tax cuts in the code that helps everyday americans. it eliminates the deduction for state and local taxes and limit mortgage interested action and the medical expense deduction affecting 9 million households. the independent group of the tax policy center estimates that almost half of the tax cuts, 47% , will go to the top 1%. mr. speaker. this is bigger, this buildup is that -- mr. speaker, this bill devastates education which is investment in human capital, workforce and eliminates deductions for student loans and for teachers who buy supplies and eliminates lifetime learning credits, and eliminates employer tuition assistance. this bill adds a special tax on the endowments of colleges and
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universities which will reduce scholarships and increase the cost of college for average, everyday americans. cities and towns will be decimated by this bill. it eliminates tax incentives such as the private activity bonds and new market tax credits and the historic tax credit which dramatically affects the ability to build the libraries, hospitals, funding roads and bridges and broadband infrastructure. these are critical investments, mr. speaker, and the public service that spur economic growth. this tax bill has it backward. this conference should value -- congress should value constituents first, not wall street or special interest. constituents first. i urge my colleagues to vote against this tax bill because it does not represent the values that our constituents sent us here to this hollow voice, congress, to represent. we should represent them, not special interests. >> the gentleman yield and the
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gentleman reserves and the gentleman from illinois is recognized. >> there was a discussion by the gentlelady from alabama where she was talking about teachers. let's get to that, teachers will not be harmed by shifting the status quo because what they are getting now is a $250 the duction, worth about $37 at the 15% tax rate, a receipt they have to keep all year long and an envelope and apply it at the end in terms of doing their taxes. we say to dump that. doubley from that and their standard deduction and lower their rates and give them real money. i yield four minutes to the gentlelady from california and ask unanimous consent that the gentleman from texas controlled the remainder of the time on our side. >> i rise to engage the gentleman from texas and a
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colloquy, tax reform will result in economic growth across the country, specially in my home state of california. i thank the gentleman for his dedication for this important effort. but it's bigger, my home -- madam speaker, my home state is uniquely positioned in the tax code, did you liberal tax-and-spend policies enacted by the california state legislature, my district in orange county is one of the most expensive places to live in this country. california has the highest personal income tax rate in the country, reaching a crushing 12.3%. the median home price in my district is almost $800,000. california also has the highest gas tax in the country. while this bill is important reforms that will grow our economy, i have serious concerns that some of my constituents may be worse off. as sacramento continues to confiscate more and more of california's hard-earned
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paychecks, we must make sure that washington does not put similar tax burdens on our constituents. i asked the chairman of the ways and means committee to assure me that we will ensure that individuals and families in my district are protected from such unintended outcomes. i yield my time to my friend from california. >> thank you. if you want to demonize or scare people, you come down on the floor and yell and scream and say things that they have not looked into. so i talked to people in my district and i looked at the rates and i said let's look at your taxes. i work them through and found that people in the lower income rate in my district got relief. people in the middle income got relief. across the board, everyone we talked to. this happened. before you come down and yell and scream and try to scare
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people on something you may have heard on a talking head, work with your people. it works. if this bill is enacted, it will result in economic growth across the country and especially in california, the lower rates for individuals, families, businesses, and tax simplicity and certainty offered by the bill will believe that provide tax relief for the middle class and the job creators. we expected to create one million jobs nationwide and nearly 10% of those in california. while the bill makes commendable strides to a fair and simple taxco, i am concerned about how it could impact some of my constituents, the high level of income tax opposed on them by our state government. i would ask the chair of the ways and means committee to assure me we continue our work to make sure the families of my district are protected for such unintended consequences. and that they can fully enjoy the benefits of this bill.
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i yield back to the gentlelady. >> will you yield? >> yes. >> i want to thank both of you are being such strong advocates for taxpayers in a state that taxes its families and businesses almost beyond believing. is toal and tax reform achieve tax relief for families and individuals across the country, regardless of where you live and across all incomes. while also unleashing the economic engine of american economic growth. california is the number one job creator under the new tax code. , there areth them some areas where we want to make and will make improvements in this bill. if you will work with us to continue to move the process forward, i am happy to commit to working with both of you to make sure we reach a positive outcome for your constituents and your families as we reconcile our differences with the senate.
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>> gentleman reserves and the gentleman from massachusetts is recognized. >> thank you. derive as constituents sitting thousand dollars annual benefit from the mortgage interest of action. ,n the case of the gentlelady 37% of her constituents and joint and $18,200 mortgage interested action benefit. it is my intention to close if there are no more speakers on the other side. thank you. more than anything else, this is, as i opened with, a missed opportunity. we all know what is wrong with this tax code. we could have found areas of compromise and for sizing the middle class earners. -- emphasizing the middle-class earners and understand the tax code american corporations use is not competitive internationally. we wanted relief for middle income people.
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here is where the investment could have taken place, we had -- we could have become desperate government investment in human capital. labor participation rates in america, we should be alarmed by what has happened in the postwar time where one time it was 66% and now 52.8%. -- 63.8%. it is about technology and globalization but also skill set . 18,000 precision manufacturing jobs in new england go unanswered. the smallest geographic region of the country and the department of labor reported that 6 million jobs in america go unanswered. it is part of a skill set issue. we also should be concerned about 2 million people in america addicted to opioids. that is what we should be concerned about, getting them back into the workplace to the trampling effect where they hit it and bounced back into the mainstream. that is not the we did.
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without hearings, without any chance for the minority to participate in any substance, we move forward. to the last two speakers, they are sincere enough. we have heard for different people come to the well of the house on the other side and say to the chairperson of our committee, will you fix this after the bill leaves here? four people ask for a fix. based on long experience in the house, the path gets more and euro -- more narrow as it leaves the house. it will be harder to fix these things because of the budget score that was embraced. we were promised widespread economic growth when president bush took the clinton surplus and offered $1.3 trillion worth of tax cuts. when you look at the distribution tables, everybody did get a tax cut but you looked
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at the tables and said, let me examine who got what. in 2003, we came back and the president proposed a trillion dollars worth of tax cuts based on the premise of economic growth. which did not happen. 2004, repatriation, maybe the granddaddy of them all. we will repatriate at 525%, the theings offshore -- 5.25%, holdings offshore on the promise of job growth which there was none. we had this opportunity to do this together. understanding with worker participation rates, understanding that, because of most families now not having large numbers of children any longer, this should have been about immigration reform as well attached. we know skilled workers from
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overseas will be an important part of the american economy. withould embrace that sensible tax policies based upon some relief for the middle class. away thewe are taking ability of american students to deduct interest on their loans to pay for a tax cut for people at the top? we are taking away a medical expense deduction for people who have alzheimer's disease to pay for a tax cut for people at the top? we are assessing universities and colleges and news special tax to pay for tax cuts for people at the top? we could have had this conversation. we acknowledge what president reagan and speaker o'neill did. because it was based upon goodwill and commonality, and not a political victory. day after day they plowed through with witnesses. how many did we have in front of
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the ways and means committee? >> zero. how many hearings, zero. we were given 20 minutes for an amendment to review it. i do not mean 25 minutes, i mean 20 minutes. back to regular order. we should scrap this bill. to those vulnerable on the other side, i would not be trusting of the idea that these issues will be fixed after you cast the vote tomorrow morning. there will be an opportunity to go back and redo this, if the other side will say, let's find a meaningful path to cooperation between the parties. that is all we ask for on this side, include us in the discussion so we may investing community colleges, vocational education, interim chair programs, skill set training, and answered the call of globalization. we still do innovation and creativity that far surpasses the rest of the world.
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nothing we cannot answer in america without healthy investments we need. instead, when you look at the distribution tables proposed as to who will get what, taking away alternative minimum tax for the 4.5 million families that pay it, and asking students to give up their student interested action, the estate tax and thealing it, and asking person without timers being cared for at home to give up the medical deduction -- with out timers being -- without timers disease, being cared for at -- anybody who thinks the united states senate will accommodate the wishes -- when they see the goalposts and the goal line of a handful of members of this house, they are making a miscalculation. we have heard they will do
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something about mortgage interest the duction and the tax credit -- revisit this issues, do you know how difficult this will be, near impossible. will try to repeal the affordable care act again and take 13 million people away from their insurance so we can have a tax cut that further concentrates wealth for a handful of people in america. this is the house of representatives. not the house of lords. we do not serve by -- we are not entitled to anything. most of us come from modest backgrounds. that is the principle we should honor in this tax debate as we discuss who is about to pay what and who are the rewards for the hard-working men and women. what about the one million veterans who have served as honorably in iraq and afghanistan? new veterans.
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what about them? will we cut their benefits with social security and medicare and medicaid, and put it on the chopping block? as we attempt to further concentrate wealth in america? particularly for unearned income. that is where we are headed. we should honor the skills of the men and women who spend every day striving and working hard in this country with a sense of purpose and great patriotism. that is what we should acknowledge in this debate and i look forward to tomorrow morning when we conclude this debate and spend the two hours discussing more of what we witnessed tonight. there will be more than enough enthusiasm on the side as they will be lined up to rfk stadium .o participate tomorrow morning that is how important this is to the future of the american people. thank you for your courtesy and a yield the balance of my time. >> do you reserve your time?
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>> i think i am out of time. >> the gentleman reserves is time. the gentleman from texas is recognized. >> i yield my time. >> washington is hilarious. lawmakers back home telephone they are for tax reform. until it comes time to do it. everyone says they want a fair, flatter, simpler tax code as long as you keep every special interest provision in this big, fat, messed up tax code. everyone says they want to give people back more of what they earned to get main street businesses going, as long as you do not change anything in the tax code. as long as the lobbyists when, the american people -- lobbyists .in, the american people lose the american -- the republicans are finally acting on tax reform
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for the first time in 31 years. in washington, they sneer at the family of four making $59,000 per year. that is the average household. there are tax reforms where they pay less, $1182 less that they keep an apartment. washington makes fun of that. a firefighter making $48,000 per year keeps over $1300, leasing a mother -- a single mother working and making $30,000 per year has a $700 larger refund than today. the main street start a business working i do not know how many hours, making $62,000 per year, that was my chamber of commerce member. $3700artup business keeps more than they do today. washington laughs at that but it israel money for real people. in my district -- it is real money for real people.
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in my district, $90,000 couple, they keep 1000 -- my friends on the democrat side now worry about the deficit. i remember first year democrats who controlled the house doubling the deficit. the second year, they tripled it theit went $2 trillion third year and stay that way until the american people gave the house back to republicans. they love spending money and raising the deficit when they let washington grove. -- grow. when it is time to grow paychecks, they worry about the debt. ,e want to keep deficits going don't change anything, keep a slow growth economy and keep .pending, the deficit will grow we are talking about growing jobs and paychecks, and getting back to a balanced budget by getting the economy moving in a big way.
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time to end the status quo in washington, d.c. americans deserve a fair and flatter tax code, once that closes loopholes and ends special interest the duction so americans can keep more of what they earn and their paychecks can rise and our businesses can compete and win anywhere in the world. especially at home in america. it is time jobs come back to america, rather than watching them go. research and manufacturing, patents, headquarters, that your is over. over. is it starts with hr1. we will continue the debate tomorrow and deliver tax reform and tax cuts to the american people. with that, i reserve. >> today on c-span, washington journal is next with your phone calls. live coverage of the house as they debate and vote on the
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republican tax reform bill. on washington journal, your reaction to the bill, join the conversation with your phone calls, you males, tweets, and comments on our facebook page. [captions copyright national cable satellite corp. 2016]] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. isit] host: good morning, it's tax day on capitol hill and the house is slated to vote on the republican plan from that chamber. and over on the senate side, it is they four for for senate finance committee as they continue to work on the republican's proposal in that chamber. if republicans can get their different plans out of their respective chambers, two sides have to come together and vote again. we'll get into the differences between the two bills and give you the latest on the vote while getting your thoughts on the republican's push. democrats,


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