tv KPIX 5 Noon News CBS December 20, 2017 12:00pm-12:31pm PST
the house of representatives completed congressional action on a $1.5 trillion overhaul in taxes. the senate with vice president mike pence presiding it passed it in the early-morning hours before making a few changes. president trump will soon sign it. in the meantime, the president is about to have a victory party at the white house. he is gathering republican members of congress on the south lawn to celebrate the biggest legislative success of his presidency which was accomplished without a single democrat's support. the white house press corps is there, as well. key don't know if the president
will take -- we don't know if the president will take questions, but his recent predecessors have usually held a pre-christmas news conference to talk about the year's achievements. marriage garrett is on the south lawn wait -- major garrett is on the south lawn waiting. >> reporter: welcome to a warm afternoon here in december on the south lawn. you can see republicans behind me republicans in the house and senate, the combined leadership of the two chambers of congress awaiting the president's arrival. here is the president of the united states. ♪[ music ] >> ladies and gentlemen, the president of the united states accompanied by the vice president, the speaker of the house, and the senate majority leader. [ applause ] ♪[ music ]
>> it will be interesting to see what sort of questions the president takes beyond the tax bill, which is the largest tax overhaul since 1986, $1.5 trillion in total, providing a great deal of tax relief to everyone, including businesses. in the past, presidential predecessors have talked about other accomplishments during the year, whether it's the appointment of supreme court justice gorsuch and others. this is a victory lap that's
been taking place for a couple of days now. paul ryan involved, as well. john dickerson is with us as well as the president greets republicans. these are the people right behind me who have worked so long, so hard, it's been an amazing experience. it hasn't been done in 34 years but really hasn't been done, because we broke every record. it's the largest -- i always say the most massive, it's the largest tax cut in the history of our country and reform. [ applause ] >> but tax cuts. [ applause ] >> really something special. [ applause ] >> and i notice, this just came out two minutes ago, they handed it to me, at&t plans to increase u.s. capitol spending $1 billion and provide $1,000
special bonus to more than 200,000 u.s. employees and that's because of what we're doing. [ applause and cheers ] >> that's pretty good! [ applause and cheers ] >> that's pretty good. and i have a whole list of accomplishments that the group behind me have done in terms of this administration and this congress. but you have heard it before. records all over the place. and that will continue. and then some. because of what we did. but $3.2 trillion, think of it, in tax cuts for american families including doubling the standard deduction and doubling the child tax credit. the typical family of four earning $75,000 will see an income tax cut of more than $2,000. they are going to have $2,000 more a year and that's in my opinion going to be less than the average. you're going to have a lot more than that. [ applause ] >> one thing very important for the farmers, the great farmers
and the great small business owners that were forced to sell their businesses at bargain basement numbers, we have provided for the most part estate taxes wiped out so they can keep their farms in the family and that to me is a very big factor, very big. [ applause ] >> there is going to mean companies are going to be coming back -- and i campaigned on the fact that we're not going to lose our companies anymore, they're going to stay in our country and you have been seeing what's been happening even at this prospect. but they have tremendous enthusiasm right now in this country and we have companies pouring back into our country and that means jobs and it means really the formation of new young beautiful strong companies. so that's going to be very, very important. the small businesses are going to be big beneficiaries. we are going to bring at least $4 trillion back into this country, money that was frozen
overseas and in parts of the world, some of them don't even like us and they had the money. well, they're not going to have the money long. [ applause and cheers ] >> and it's really -- i guess it's very simple. when you think you haven't heard this expression, but we are making america great again! [ applause and cheers ] >> you haven't heard that, have you? [ applause and cheers ] >> i want to have them get up and get the glamour and the glory and i just want to have a few of them come up and they will speak for a little while, short, the shorter the better, that way we can get everybody up here, right? i want to thank mitch mcconnell. i want to thank -- what a job. [ applause ] >> what a job. [ applause ] >> and i want to thank paul. they're going to say a few words. but paul ryan and mitch, who was a little team and we got together and by worked very hard, didn't we? >> yes. >> it's always a lot of fun when you win.
[ laughter ] >> if you work hard and lose, that's not acceptable, but i'm just going to name a few names and some of them will come up. but people that i saw so much over the last month and really over the last, almost, year, because when you think of it we haven't been a year and we did the largest tax cut in our history. we -- i hate to say this, but we have essentially repealed obamacare because we got rid of the individual mandate which was terrible. [ applause and cheers ] >> and that was a primary source of funding of obamacare. and anwar. so a friend of mine, oh, congratulations! >> and dan. where's dan? [ applause and cheers ] >> right behind you! >> don, too. >> thank you. >> where's dan? >> not here. >> oh. okay. >> lisa murkowski. >> between dan and don and lisa, you have done a very great job. so a friend of mine called up about anwar. he said you didn't get anwar? i said tell me about anwar.
we have been trying to get that passed the whole country, the world, they tried in ronald reagan, they tried with the bushes, they tried with everybody. they net done narw in this bill. we have mandates. sea lisaso lisa, thank you very much. we got anwr passed. >> orrin hatch, great job! orrin is a special person. [ applause ] >> tim scott has been incredible. he is going to say a few words. [ applause ] >> where's tim? where's tim? [ applause ] >> i have it mostly memorized but -- [ laughter ] >> but tim scott has been great. john -- >> over here. >> john. great job, john.
rob portman, a real student of the tax world. rob, thank you very much. [ applause ] >> i want to thank dish said hello to john cornyn. pat toomey, he has been -- we rode together in pennsylvania. but pat, where's pat? pat? [ applause ] >> great job. he knows his business. susan collins, we want to thank. susan is around someplace. susan. thank you, susan. all friends -- i mean, i look at these people. it's like we're warriors together. christie nome and diane black our great speaker paul ryan, and he is a great speaker. >> hey! [ applause and cheers ] >> great job. kevin mccarthy. [ applause and cheers ] >> kevin. >> what a job, kevin. we had fun, did we have a good time? >> yes. >> steve scalise. he is braver than all of us. [ applause and cheers ] >> yeah!
>> where is he? [ applause and cheers ] >> oh, boy. i don't know. he had a rougher year than most of us. but a hell of a way to lose weight, steve. not a good way. we love you, steve. great job. >> yeah. [ applause ] >> great job [ applause ] >> kevin brady! kevin! [ applause and cheers ] >> kevin brady. so maybe what i'll do is -- and by the way, i mentioned at&t, but many companies have come forward and saying they are so happy and they are going to be doing similar announcements. we are going to see something that's going to be very special. we are bringing the entrepreneur back into this country. >> yeah. >> we are getting rid of all the knots and ties and you're going to see. you're going to see what happens and ultimately what does it mean? it means jobs, jobs, jobs, jobs. so it's going to be really a very special period of time. we're in a very special period of time. it's it's going to be even more so. i want to thank everybody behind me. maybe i could start with mitch and then paul and then a few of
the folks come up and say a few words and we'll have a little fun, thank you. mitch, how about you start it? [ applause ] >> thank you very much. [ applause ] >> well, let me just say, mr. president, you made the case for the tax bill, but this has been a year of extraordinary accomplishment for the trump administration ( applause ) we've cemented the supreme court right of center for a generation. ( cheers and applause ) mr. president, thanks to your nominees, we've put 12 circuit court judges in place. the most since the circuit court system was established in 1891. you hold the record. ( applause ) you've ended the overregulation of the american economy, and that, coupled with what we did last night and what the house finished this morning, means america is going to start
growing again. thank you, mr. president, for all you're doing. ( applause ) >> first of all, what this represents is a promise that each and every one of us made to the american people last year is a promise that is kept today. ( cheers and applause ) something this big, something this generational, something this profound could not have been done without exquisite presidential leadership. mr. president, thank you for getting us over the finish line. thank you for getting us where we are. ( applause ) i just want to quickly just say a thanks because this has been such a team effort from everybody. i want to thank gary cohn and steve mnuchin from the president's economic team for what they did to get us here.
( applause ) i want to thank my partner mitch mcconnell over in the senate for getting us to where we are. and i want to thank these two chairmen, orrin hatch and kevin brady, thank you so much for your leadership on this. ( applause ) it is really simple -- the message to the hard-working taxpayers of america is your tax relief is on its way. that is what's happening here. the message to the families in america who have been struggling paycheck to paycheck, your tax rates are going down and your paychecks are going up! this is the kind of relief that americans deserve. this is the kind of tax reform and tax cuts that get our economy growing to reach its potential. this gets us better wages, bigger paychecks, a simpler tax system. this gets the american economy competitive in the global economy. this is one of the most important things we could do for all of the people we represent.
this is generational, and we're so excited that we are going to launch, next year, this fantastic tax reform so that the american people can see how we can truly reach our economic growth and our economic potential, and if it weren't for all the leadership of the men and women up here, this would not have been made possible. lastly, i just want to thank the american people. i want to thank the american people for putting their trust in us, for giving us this chance and this ability to make this moment possible. thank you very much. ( applause ) >> a man who's been working very hard. thank you, paul. very, very hard for a long period of time, and last night was very much a culmination, but i don't know if we'll have bigger moments, but we hope to. we're going to try. a very special guy and great friend of mine, vice president mike pence. ( cheers and applause )
>> well, thank you, mr. president. thank you for those kind words but, more importantly, thank you for your leadership. thank you for your boundless faith in the american people, and thank you for keeping your promise to see this congress deliver the largest tax cut in american history before christmas of this year. merry christmas, america. ( applause ) to members of our cabinet, to leader mcconnell, speaker ryan, to all these members of congress, thank you. thank you not only for being here today for this special moment, but thank you for your leadership and support throughout this year. i truly do believe, mr. president, that this will be remembered as a pivotal moment in the life of our nation, a day when the congress answered your call and made history. but honestly, i would say to the american people, president trump has been making history since
the first day of this administration. ( applause ) we have been rebuilding our military, standing with our veterans, and just last week president trump signed one to have the largest investments in our national defense since the days of ronald reagan. we have been defending our borders, upholding the rule of law, illegal crossings on the southern border are down by more than 50%, and president trump has been restoring american credibility on the world stage, standing with our allies and standing up to our enemies. as the president reflected earlier today, our n.a.t.o. allies are paying more toward their common defense. north korea is more isolated than ever before. this president's put iran on notice and put the war on afghanistan on a path to victory. and thanks to the leadership of this commander-in-chief and the courage of our armed forces, i.s.i.s. is on the run, their capital has fallen, and their so-called caliphate has crumbled across syria and iraq. ( applause )
but what brings us here today is that president trump also knows that american strength starts with a growing american economy and, from the first day of this administration, this president championed free and fair trade. he rolled back federal red tape at record levels. we've unleashed american energy and, today, mr. president, you've fulfilled the promise youmade to millions of americans struggling in this economy to cut taxes across the board for working families and businesses large and small. in august of this year the president laid out his vision for a tax cut that would be a middle class miracle, and that's exactly what the congress passed today! ( applause ) this tax cut will put more money in the pockets of the american people. it will make our tax code more simple, fair, cedes and to understand and will make businesses across america more competitive to create food-paying jobs and raise wages for working americans. i can tell you i serve with him
every day. president trump is a man of his word. he's a man of action, and with the strong support of these members of congress, president donald trump delivered a great victory for the american people. ( applause ) we made history today. but as the president said when we gathered this morning, a few of us with a few less hours of sleep than usual, we're just getting started, and i can assure you this president and this entire administration will not rest and relent until the forgotten men and women of america are forgotten no more. so thank you, mr. president. thank you for your leadership. thank you for your love for this country and the people of this country. and i know in my heart, with the strong, continued support of the members of congress who are gathered on these steps and with
god's help, you will make america great again. ( applause ) >> thank you, mike, very much. a friend of mine, a very, very special man, tim scott, tim, i would like you to say a few words. he came in and he would solve some problems that we weren't looking too good a couple of times, and tim was really, really a tremendous help. thank you, tim. ( applause ) >> well, mr. president, during one of those conversations that we had, we talked about ways to improve distressed communities throughout this country. 52 million americans living in distressed communities, and we talked about legislation that could move those communities forward, and you said yes. as a part of this tax reform package, the investing and opportunity act has been
included which will bring trillions of dollars into poor communities because of your willingness to listen. >> thank you. ( applause ) the president said i only have about 45 more minutes, so i'm going to get to me -- ( laughter ) he didn't say that? okay. got it. let me just say to those americans who are watching this process, this is not about washington, it's not about the left, it's not about the right. it's about single-parent moms who are looking for a reason to be hopeful in 2018. this tax reform plan delivers for the average single mother a 70% tax cut.
for the average family working paycheck to paycheck, looking for ways to be hopeful about their future, to have an extra night for dinner out at a restaurant, this tax reform package cuts their taxes by nearly 60%. and because of folks like marco rubio and ivanka, when you think about folks with kids in the household, this plan doubles the child tax credit and makes about 70% of it refundable. this is a plan that we can be proud of because it speaks to the heart of everyday americans. ( applause ) >> diane, come on up. diane black. thank you. ( cheers and applause ) >> thank you, mr. president. and i want to thank all of the
folks that are standing behind me because -- >> glor: as we listen to diane black speak here and the president introduces various members who helped shepherd this tax bill through, we'll move to john dickerson. john, the leadership is talking about this in pretty grand terms. can you put this in perspective for us. >> well, sure. thifirst, this is a huge win for the president and republicans. this is, as they say, historic, but it's a particular win for the president. if you look at who is arrayed behind him, some people who have been extremely critical of him in his own party -- senator cork was back there, senator graham, senator scott at one point said the president had lost moral authority in the job, senator heller from nevada back there -- all of them arrayed behind him and singing the president's praise for his leadership and for doing something that was generationally historic. you heard the vice president also praise the president across a series of different range of different issues.
so this was -- this is not only the president's republican party, this is the president's unified republican party in the big image there, clearly in the way they were selling this tax cut today, they were emphasizing the help it will give to the middle class. there are certainly tax breaks in there for the majority of the middle class, but of course the proportion of the breaks go overwhelmingly to corporations and making it seem the benefits and paychecks will happen immediately from the increased economic activity. even the white house head of economic advisors says it will take three to five years but they are stung by the charge and belief widespread across the country that the tax cut is tilted toward the wealthy and not middle class. >> glor: john dickerson, thank you very much. nancy cordes? >> you heard the house speaker say this is a promise kept to the american people, but what democrats are highlighting today is all the promises that republicans and the president
made that do not show up in this tax plan. most notably republicans said this would simplify the code. it doesn't. republicansened the president promised the wealthy wouldn't benefit initially and that doesn't happen as well. republicans promised and still claim that they swept lots of corporate loopholes out of the tax code, and that just does not appear to be the case. so you get a sense, now, of the argument that democrats are going to be making through the election year of 2018 as they tried to convince the american people that this is a bad deal for them, jeff. >> glor: mansio nancy cordes, tk you very much. until tonight on the cbs news news, major garrett, nancy cordes and john dickerson in washington, i'm jeff glor, cbs news in new york.
and i'm kenny choi.. the big news from washington...both chambers of congress passing the g-o-p tax bill. just hea good afternoon, everyone. i'm michelle griego. >> i'm kenny choi. the big news from washington, dc, both chambers of congress passing the gop tax bill. just heard from the president at the white house along with republican leaders of congress behind him as well as vice president mike pence. short time ago democrats held their own news conference to put down the tax bill. >> when he talked about champagne bottles being open in the white house, i will say joe six-pack is paying the price. >> democrats also point to provisions in the bill where tax breaks for the middle class expire in a few years. >> wall street is down 14 points. >> time for a check of our
weather. emily turner is live in oakland. hey there. >> reporter: hey. yeah. we had a wet start to our morning but that has since dried out. in fact, you can see outside we have had beautiful skies. let's take a look at our seven- day forecast. today clear sunny skies. we are not going to get any higher than the 60s today, the low 60s. it's going to be a repeat for the rest of the week going into the weekend. sunny skies thursday through saturday. clouds sunday, rain monday. we don't know how significant the rain on monday will be but be prepared for sprinkles. tuesday we have a chance of sun and clouds returning to the forecast. back to you. >> thank you. that's it for kpix 5 news at noon. make sure to tune in at 5:00. we'll have much more on both
♪ >> bill: you're pregnant. >> steffy: yes. >> bill: you're sure. >> steffy: my doctor confirmed it. it's happy news, bill. liam and i have wanted this for so long. >> bill: steffy... >> steffy: we've been trying. we've been hoping and praying, and now it's finally happening. liam and i are having a baby. >> bill: steffy. look at me. there's a possibility that child is mine. >> liam: i mean, it's still super early in the pregnancy. most people don't tell anyone until at least after the first trimester.