Speaker Ryan Weekly News Conference CSPAN November 9, 2017 3:37pm-3:53pm EST
work out and find common ground and send it to the president's desk this year because americans have been hurting far too long and struggling with this tax code. they deserve something better. [inaudible] mr. brady: yes, we do have a joint committee on taxation score. it is well within our $1.5 trillion budget number and we'll be glad to release it. thank you, all, very much. >> ways and means committee chair kevin brady and others after passing that tax reform bill by a vote of 24-16. house debate next week. live on c-span. well, up next we'll bring you the briefings from earlier today starting with house speaker paul ryan. we'll also hear from the democratic leader nancy pelosi.
the speaker: well, this has been another important week for tax reform. really, it's an important week for families out across america. the ways and means committee has been debating and shaping the tax cuts and jobs act. and later today when the committee takes its vote we will be one step closer for cutting taxes for americans at every income level. you know how much i love this stuff. i love helping craft and shape policy, especially tax policy. it's been nearly a life-long passion of mine. but it's not just because i think it's fascinating. i love doing this stuff because this policy actually really helps improve people's lives.
people are sick of the status quo. people are sick of being left behind by a tax code while special interests are giving a leg up by carveouts and loopholes. i love this stuff because we've been crafting good legislation. that means bigger paychecks for american families. it means fairer taxes. it means more jobs. that's what this is all about. $1,182. $1,182 is how much the typical american household will see in their paychecks thanks to the tax cuts and jobs act. that's an average of four earning $59,000. we're doubling the standard deduction. we're increasing the child tax credit. we're lowering tax rates across the board. that's not all. middle income families, middle income families estimate show they will see a pay raise too. 2.1% higher wages for people. that means more take-home pay every month in addition to a
tax cut. higher pay, lower taxes. yes, there are details that are being ironed out in the committee process. that is exactly how the legislative process is supposed to work. i want to commend chairman brady and i want to commend the members of the ways and means committee for their excellent work. we're doing this the right way. we're doing this the regular order way. trust me, we will get this over the finish line because we need to get this done for american families. we need to get this done for people who will be helped by simpler, fairer taxes. and today we're taking one big step closer to fulfilling that goal. question. -- questions. you're out of breath. reporter: republicans yesterday dismissed many of the results in virginia and new jersey as a blue state. there are vulnerable americans in those states. why is it a good idea to liminate the state and local deduction? the speaker: when you take a
look at tax reform you have to look at the effect that we're doubling the standard. i lost my postcard. geez. i feel naked without my postcard in my pocket. by doubling the standard deduction -- i was just going to see if i have an assist over there. look. [inaudible] the speaker: do you guys have a postcard on you? ok. so christina, by doubling the standard exemption right there, 90% of americans will fill out their taxes -- picture this in your mind, on a form the size of a postcard. when you say for your first $24,000, that's tax free. if you have children you're going to have a $1,600 per child tax. when you're lowering people's tax rate -- when you look at the things in all its totality, what analysis shows us, from j.c.t., from the tax foundation or even t.p.c., that the average household at every income level has a tax cut. when you look at the fact this
produces faster take-home pay, faster wages growth, faster economic growth and bigger paychecks, i think it's going to be a good thing for everybody, no matter what state you come from. reporter: many can't vote for the bill because of this provision. the speaker: i do see we also allow a $10,000 property tax deduction. so in conjunction with the discussions we've been having with our members in these particular states, hundreds of billions of dollars have been added back to the bill to accommodate those very legitimate concerns so people are benefiting. reporter: you have been making -- the speaker: don't yell. reporter: you have been making the case to your members that the house control by republicans could be in jeopardy if you don't pass tax reform. that said, if you look historically what happened in the first mid terms of presidents when they have passed big initiatives, crime bill in 1994, certainly obamacare in 2010, that party has lost. explain to us why you think it is so essential that this would reserve the majority because
you don't get these majorities to -- you get them to pass big policy and burn some of those seats. the speaker: first of all, i think it's a very interesting -- i would say the crime bill in 1993, obamacare, those were unpopular bills. this is not unpopular. we're actually letting people keep more of their own money. having a fairer tax system so we will have faster economic growth, bigger paychecks. that's not unpopular. oh, by the way, that's something we ran on. we didn't do like some of the democrat majorities of the past and passed some huge thing on an unsuspects country. we ran in 2016 on doing this tax reform. the president ran on doing this tax cut and tax reform. so this is about fulfilling our promises to the american people. this is about actually improving people's lives and making a positive difference and i fundamentally believe we -- when we do this make good on our word, make good on our promise, make people's lives better, we will be just fine
politically. sorry. i don't do the yellout thing. reporter: abigail from the christian broadcasting network. a lot of our viewers are concerned about the child adoption tax credit being not included in the house bill. is that something you would like to see in the final bill and has there been any efforts to preserve it? the speaker: i'll direct you to the ways and means committee and direct you to the markup today. you should bring that question there because that's something the ways and means committee are considering. casey. reporter: do you think that child health care belongs -- you talk about repeal individual mandate. the speaker: that's one of the many things members are talking about. those conversations are -- of course i want to get rid of the individual mandate. reporter: in this bill? the speaker: i want to get rid of it any way i can because i think the individual mandate are doing damage. we are making people buy something they can't afford and don't want. i personally don't think this is good policy for our country and i think it's wrecking our health care system. whether it goes in a different
piece of legislation those are the conversations we will have along with other conversations with our members on an ongoing basis. reporter: the senate is releasing their bill today and from what we heard it might be drastically different from what you guys put out over here. early phase in or phase out of the corporate tax rate, not repeal of the state tax. you talked about the importance of that compromise. is that going to be problematic for resolving also a democratic aide heard you joking with mr. mcconnell going to conference? are you guys seriously going to conference? the speaker: put the political hack aside, we are going to conference and that's the point i made, we are going to conference. the person, i don't even know -- which hack did that. but if you were there, we're going to conference. why are we going to conference? because we're doing this the right way, we're doing this regular order. yes, the senate bill will be different than the house bill because that's the legislative process.
what's encouraging in all this is just as we discussed at the front end of this process, we have a framework that we established with the white house and the senate and these bills are being written with inside that framework. but the house will pass its bill. the senate will pass its bill and then we will get together and reconcile the differences which is the legislative process and that's how this process will continue. reporter: thanks. i wanted to ask you a follow-up on the politics of this. you talked a lot about how this will affect individuals and families if they earn anywhere between $50,000 to $150,000 a year. that's important. i think where democrats think they can make some headway is with the upscale suburbs that have long been a part of the republican coalition that are going to look at this -- they earn very expensive homes. they make more money than a lot of what you've been talking about. the speaker: kind of ironic, isn't it? reporter: right. in their view, these voters say to themselves, they're not starving but all their money goes away and the democrats will make headway by saying the
republicans are passing a tax plan that is not helping you. maybe your taxes are going up a little, maybe they are not going down at all, you are just rearranging the debt chairs and you still need your accountant, is there a problem for republicans essentially with an important part of your coalition that helped you win in 2016 if the tax plan does help a lot of people but doesn't help people voting republican all the time? the speaker: we are not doing this for a political benefit. we are doing this to help improve people's lives. we are doing this to help keep the country back on track. we are doing this to get economic growth. look, we haven't had a 3% economy in about a decade. do you know what happens to a country that grows so slowly? wages are flat. living standards get flat. economic anxiety and insecurity goes up. that's what's happening in this country today. and you wonder why we have a lot of anxiety and a lot of polarization in america? i would argue when people are really worried about whether
they can put food on the table or pay the energy bill next week, next month, that's a real problem in america. the purpose of this legislation is focused on not giving the highest income earners the biggest tax breaks, the purpose of this legislation is giving middle income tax families a break. and you got to remember, half the country is living paycheck to paycheck. i saw a survey saying they are $400 away from fanl crisis in their family. -- a financial crisis in their family. that's who needs relief. when you get small business taxes down, it's good for everybody. that's good for jobs. it's good for wages. it's good for economic growth. and so this isn't an appropriations bill. this is an middle income fairness bill. this is a fairness bill that, yes, if you have an accountant and you can navigate all these deductions and loopholes, all these deductions and loopholes -- [laughter]
the speaker: you can get a good deal. but why do we want to have a tax code that's so rigged? don't we want to have a tax code that's simple and easy and fair? that's what we're trying to accomplish. and i would say, just look at all the analysis, t.p.c., tax foundation, they all tell you the average families in all income groups see a tax cut. reporter: mr. speaker, following up on that, a lot of those analyses you cited though say in the outyears these families, more of these families will see a tax increase. that primarily -- the speaker: you are talking about the sunsets, right? reporter: primarily due to the sunsets. have you chosen why to do those sunsets, why on so many of the corporate and business side -- why not make some of those things sunset to keep the -- the speaker: it's a good question. you see both. you see the expansion provision sunset so you see business provision sunsets and individual provisions sunset
but in our bill, the big provisions like the rates and child tax credit, those things are made permanent. why? because certainty is really important for economic growth. and that's why we believe if you sunset the wrong provisions you will do damage to economic growth and forward planning. but we also learned from the economic standpoint of the things that are sunset are done in a way that won't damage economic growth. they will encourage economic growth. and also to be conforming with the rules. we have senate budget rules we have to be mindful of and we want to make sure when we pass the bill out of the house that bill adheres to the senate rules so we can use the reconciliation tool that we need to use to pass tax reform. so those sunsets are things that are done to make sure this bill conforls to the rules. we don't personally like in the house but we need to follow to make sure that's a privilege. reporter: as a quick follow-up. there is an expectation that congress will act later to extend those? the speaker: i believe that as well. reporter: is the tax bill greater than --
the speaker: as you know, we are concerned that the dynamic scoring would not be allowed in the senate, again, because of the reuss. but we are convinced -- because of the rules. but we are convinced based on lots of research and economic modeling that you will see economic growth result from this bill. you will see higher wages, more jobs, bigger paychecks, bigger g.d.p., and if you see a bigger economy, that means you get more revenue. so we're confident. there's two things you need to do to get our fiscal house in order. grow the economy, bet people working and paying taxes and deal with spending, especially entitlement compeng spending. the house has passed bills over and over on that. we got more work to do on that front but that doesn't mean you stop working to grow the economy and this is our signature issue, the most important thing we can possibly do to get a bigger economic pie for all americans by growing this economy which is really important for our fiscal future. >> last question. reporter: mr. speaker, about a dozen house republicans called for daca to have a fix by the
end of the year. do you think it's important that daca have a fix by the end of the year and would you be willing to consider as part of the stopgap or spending -- the speaker: i don't think it should be separately on its own merits. number one. number two, we have until i believe march is the deadline we have with the president. i don't think there's really any need to have artificial deadlines within the one we already have. having said that, though, our members are having lots of conversations. we have a working group on this issue, and that working group is now going to spread out and start talking to our broader conference. i also met with members of the senate who are also forming their own working group. active discussions are under way with our members how the daca solution could occur but i don't think we should put artificial deadlines in front of the one we already have and i do think it should be considered separately. hank you, everybody. >> house speaker paul r