tv White House Tax Reform Event CSPAN December 20, 2017 8:45pm-9:23pm EST
congress so far. also, heritage foundation's michael sergeant looks at u.s. infrastructure policy and spending following this week's amtrak derailment in washington state or it c-span's "washington journal." live beginning at 7:00 a.m. eastern. the south lawn of the white house, president trump was joined by vice president pence, senate majority reader mitch mcconnell and house speaker paul ryan. the $1.5 trillion tax package was passed. [band playing] ♪ ladies and gentlemen, the
president trump: thank you, everybody. these other people who have work worked so long, so hard comments it has been an amazing experience. in 34 years,done but actually, really has not been done because we broke every record. it is the largest, i always say the most massive, but it is the largest tax cut in the history .f our country and reform [applause] president trump: really something special.
me. handed it to at&t plans to increase u.s. capitol spending $1 billion and provide $1000 special bonus to more than 200,000 u.s. employees and that is because of what we did. [applause] president trump: that is pretty good. that is pretty good. i have a whole list of accomplishments that the group behind me have done, in terms of this administration, and this congress,
but you heard it before. records all over the place and that will continue, and then some because of what we did. $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 $2,000. they will have $2,000 and that
-- in my opinion, going to be less
than the average. [applause] president trump: one thing very important for the farmers. the great farmers emigrate small business owners that were forced to sell their businesses at bargain basement numbers. we have provided, for the most part, it estate taxes wiped out so they can keep their farms in the family. that's a big factor to me, very big. [applause] president trump: this is going to mean companies are going to be coming back and i campaigned on the fact that we are not going to lose our companies anymore, they are going to stay in our country and they will stay in our country. and you have been seeing what is happening at this prospect. but they have tremendous enthusiasm in this country and we have companies pouring back into our country and that means jobs and that means the formation of new, young, beautiful, strong companies. that will be very important. the pass-throughs and the small businesses are going to be big
beneficiaries and bring $4 trillion back into this country, money that was frozen overseas and in parts of the world and some of us don't even like us. and they had the money. they aren't going to have the money long. [applause] president trump: it's very simple, when you think you haven't heard this expression but, we are making america great again. you haven't heard that, have you? [cheers and applause] president trump: i want to have them get up and get the glamour and glory and i just want to have a few of them come up and they will speak for a little while. the shorter the better so we can get everybody up, right? but i want to thank mitch mcconnell. what a job. what a job. [applause] president trump: i want to thank paul. they are going to say a few words. but paul ryan and mitch was a
little team. we got together and we would work very hard, didn't we? it was a lot of fun. it is a lot of fun when you win. [laughter] president trump: if you work hard and lose, that is not acceptable. but going to name a few names and some of them will come up. but people i saw so much over the last month and the last year. when you think of
it, we haven't even been a year and we did the largest tax cut in our history. i hate to say this, but we essentially repealed obamacare because we got rid of the individual mandate, which was terrible. [cheers and applause] president trump: that was the primary source of funding of obamacare. and anwar and congratulations. where's dan? >> right behind you. >> don. don. president trump: where's dan? >> he's not here. president trump: between dan and don and lisa, you have done a
very good job. a friend of mine called up and said you didn't get anwr. we have been trying to get it passed, the whole country, the world, they tried and ronald reagan, they tried with the bushes, they tried with everybody and they never got it, but we got anwar in this bill. we have mandates and the tax cuts and the reform. when you add up the size of this bill, it is great. lisa, thank you very much. lisa murkowski. john cornyn. the great chairman, orrin hatch. [applause] president trump: great job, orin. he is a special person. tim scott is so incredible. he is going to say a few words. where is tim? he is younger than i am. [laughter] president trump: i have it mostly memorized.
but tim scott has been great. john thune. where's john. john. great job, john. rob portman, a student of the tax world. i want to thank -- i pat toomey, we rode together in pennsylvania. but pat was pat. pat, great job. he knows his business. susan collins, we want to thank. susan is around someplace. thank you susan. all friends. i mean i look at these people, it's like we are warriors together. kristi noem in the house and diane black, our great speaker, paul ryan. and he is a great speaker. [cheers and applause] president trump: great job. kevin mccarthy. kevin.
what a job. we had fun. steve scalise, he is braver than all of us. where is he? [cheers and applause] president trump: oh, boy, i don't know, he had a rougher year than most of us, but hell of a way to lose weight, steve. not a good way. we love you, steve. great job. kevin brady. [cheers and applause] president trump: kevin brady. so maybe what i'll do -- and by the way, i mentioned at&t but many companies have come forward saying they are happy and will be doing similar announcements. we are bringing the entrepreneur back into this country. we are getting rid of all the knots and the ties. you are going to see and see what happens. and what does it mean? it means jobs, jobs, jobs. so it's going to be a very special period of time. we are in a very special period
of time and going to be even more so. i want to thank everybody behind me. maybe i can start with mitch and paul and a few of the folks have a few words and have a little fun. mitch, how about you starting. [applause] senator mcconnell: 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] senator mcconnell: we have seen it in the supreme court right of center for a generation. thanks to your nominees, we put 12 circuit court judges in place, the most since the circuit court system was established in 1891. you hold the record. [applause]
mcconnell: you have 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] the speaker: 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. [applause] the speaker: 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 and thank you for getting us where we are. [applause] the speaker: i just want to say
this is a team effort from everybody. i want to thank gary cohn and steve mnuchin from the president's team to get us here. [applause] the speaker: i thank mitch mcconnell and these two chairmen, orrin hatch and kevin brady. thanks for your leadership on this. [applause] the speaker: it is really simple. the message to the hard-working message to the american taxpayer is your relief is on its way. the message to the families 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 gets 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 are 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 impossible. i thank the american people for putting their trust in us and giving us this chance and this ability to make this moment possible. thank you very much. [applause] president trump: a man who has been working very, very hard for a long period of time and last night was the culmination and i don't know if we will have bigger moments, but we hope to, but we are going to try, a special guy and good friend of
mine, vice president mike pence. [applause] vice-president pence: 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] vice-president pence: to members of our cabinet, to leader mcconnell and speaker ryan and all these members of congress, thank you. thank you for not only 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. we have been rebuilding our military, standing with our veterans. and just last week president , trump signed one of the largest investments in our national defense since the days of ronald reagan. we have been defending our rule of law. illegal crossings on our southern border are down 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 today, our nato allies are paying more toward the common defense. north korea is more isolated. this president has put iran on notice and put the war on afghanistan on the path to victory. and thanks to the leadership of
this commander in chief and the courage of our armed forces isis , is on the run, their capitol has fallen and caliphate has crumbled across syria and iraq. [applause] vice-president pence: 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 unleashed american energy. and today, mr. president you , fulfilled the promise 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] vice-president pence: this tax code will put more money in the pockets of the american people and make our tax code more easy
-- more simple, fair, easy to understand, it will make businesses across america more competitive to create , good-paying jobs and raise wages for hard-working americans. i serve with him every day. president donald trump is a man of his word and 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] vice-president pence: we made history today. but as the president said when we gathered this morning, a few of us with a few less hours sleep than usual, we are just getting started. and i can assure
you this president and the entire andnistration will not rest 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 of 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] president trump: thank you, mike. 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 were not looking too good a couple of times. but tim was a tremendous help. thank you, tim. [applause] senator scott: mr. president, during one of those conversations that we had, we talked about ways to improve distressed communities in this country. 52 million americans living in distressed communities and legislation that could move
those communities forward. and you said yes. and as a part of this tax reform package the investing and , opportunity act, has been included, which will bring trillions of dollars into more communities because of your , willingness to listen. [applause] senator scott: the president said i only have about 45 more minutes. i will get to mind -- [laughter] senator scott: he didn't say that. let me just say to those americans who are watching this process, this is not about washington. not about the left, but 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 who's working paycheck to paycheck, looking for ways to be hopeful about their future and 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 hearts of everyday americans. [applause]
president trump: diane black, come on up. [cheers and applause] ms. black: thank you, mr. president. and i want to thank all of the folks who are standing behind me because it has been a team effort. when we talked about doing tax reform and the tax reform and jobs cuts act, that is what the american people are going to benefit by. and as tim has just said, it is the average american. that's the reason why we did this tax reform. we looked at those right in the middle, those families that need the assistance and help and relief to be able to live their lives the way they are promised. it is an honor to stand here with the president of the united states, the vice president of the united states, who have been an integral part in making sure this happens. i want to thank kevin brady, who i know hours and hours and hours worked hard to make this happen
in what was really a short period of time. and some of the folks that are being left out right now and i know we have thanked them before but i want to thank them publicly. and that is all of the staff that has worked so hard in both the house and the senate to make this happen. [applause] ms. black: now we can say merry christmas to the american people because we are giving them a huge gift for christmas. a break in these taxes and an opportunity for our jobs to grow and give them a bigger paycheck. and so i want to say thank you, mr. president. thank you, president trump, for allowing us to have you as our president and to make america great again. [applause] president trump: thank you, diane. we can say merry christmas again. people are saying merry
christmas again, and we like the sound. i want to ask lisa murkowski and dan sullivan to come up, from alaska. and don young. senator murkowski: mr. president, i don't know if you recognize this, is a very historic day and this is the beginning of winter solstice. it may not feel it right now, but it is the shortest day, the darkest day. for us in alaska, we had pretty dark days recently. but with passage of this tax bill and with passage finally almost 40 years later to open up the 1002 area, this is a bright day for alaska. this is a bright day for america. and we thank you for that. we thank you for that.
think about it, 31 years we have been working on tax reform. 38 years now to open up anwr. this has been a multigenerational fight. and i look to some of our friends from alaska who have come 5000 miles to be here for the vote last night and today. [applause] senator murkowski: to those who live there, to those who raise their families there and to those who are looking to live for generations, know that our promise to you today is a bright future, one where we care for our environment and we care for our people. and we also care for our country in providing a resource that is needed not only by the united
states, by alaskans, but by our friends and allies. this, mr. president is what energy dominance is all about. [applause] senator sullivan: mr. president, i want to thank you and your administration and secretary zinke. senator murkowski said it very well. this administration has come in and recognized this incredible, incredible resource that we have in our nation. developing our energy is good for jobs, energy security, good for manufacturing, it's good for the environment, because we have the highest standards in the world. and it's very, very good for our foreign policy and national security. mr. president, sir, you released your national security strategy just a couple of days ago and in there, you talked about the economy, which is what this tax bill is all about, but you
talked about energy dominance. and i want to thank you and on andlf of all alaskans, americans because it's the right , policy and we are finally, finally doing it. thank you, sir. [applause] mr. young: thank you, mr. president. i want to thank all these guys standing behind me these ladies, , the people who helped me do this. this is 37 years i tried to get this passed. it proves one thing, perseverance overcomes intelligence any day of the year. [laughter] mr. young: i thank the president, i thank you mr. president and my two senators. this is a team that cannot be beat. this bill does what's right for this nation and great land. we will be great again. thank you, mr. president. [cheers and applause]
president trump: he's a pretty popular guy. pretty good. i want to ask orrin hatch, a special friend of mine. i can tell you that, somebody that spoke really well of me when it wasn't exactly the easiest thing to do. he was just always in there, always fighting for all of us and did a fantastic job for all -- did a fantastic job as chairman. orrin, say a few words, please. senator hatch: mr. president, i have to say that you are living up to everything i thought you would. of a leader and we are all benefiting from it. this bill couldn't have passed without you or without the alaskan delegation and leadership in the house and senate, paul ryan and mitch mcconnell and the other leaders , as well. all i can say is we are making , headway. this is just the beginning.
you stop and think about it this , president hasn't even been in office for a year and look at all the things he has been able to get done. by sheer will, in many ways. i hope we get behind him every way we can and get this country turned around in ways that will benefit the whole world. but above all, benefit our own people and bring us to a realization of how really great america really is, and how the rest of the world depends on us. i love this country. i came from very humble roots. and i have to say that this is one of the great privileges of my life to stand here on the white house lawn with the president of the united states who i love and appreciate so much and with these wonderful colleagues and cabinet members who stand behind us. and to see all of you and realize that you care, too.
all i can say is god loves this country. we all know it. we wouldn't be here without him. and we love all of you. and we are going to keep fighting. and we are going to make this the greatest presidency we have seen not only in generations but maybe ever. god bless all of you. [applause] president trump: paul ryan just said how good was that? another very special man who has worked so hard, knows it inside out and backwards. kevin brady. [cheers and applause] mr. brady: thank you. ok guys.
thank you, mr. president. this is a historic day. it's an exciting day. and i knew i was going to be here with you to mark this momentous occasion. so i wore my houston astros today because they are still the champion of the world series. i figured today you would give me some slack on that. look, this is a historic day in so many ways. and it didn't happen just by itself. people often ask, when did you know or when did you know tax reform could be achieved in america for the first time in 31 years? my answer is always the same, november 8, when president trump, you were elected president of the united states. that's when i knew it was real. [applause] mr. brady: when you put together the great ideas on tax reform from inside and outside congress and i see many of you here today
with us, remarkable leadership and courage from the men and women behind me in the senate and especially my colleagues in the house, when you put together remarkable leadership in the house and the senate, of the work that was done in the white house, gary and steve, vice president pence, and mr. president, your willingness to make this your commitment to go across the country and save the -- and sell the name for tax reform and save the table with us and on the phone with us to get this done, but for your leadership, we would not be here today. thank you so much. [applause] mr. brady: let me finish by speaking directly to the american people. there are three dates you need to put on your calendar. the first is new year's day, because our country will have a new tax code for a new era for american prosperity new year's , day.
[applause] mr. brady: in february, look to your paycheck. hard-working americans will see the result of hard work of this president and this congress to make this tax reform possible. it will show in your paycheck. and then april 15, that hated day -- [laughter] mr. brady: this april 15 will be the last time you ever file your taxes under this horrible broken tax code, because you'll have a new one for the future of your family and your small business. [applause] mr. brady: this is a great day for our country, great day for our economy and great day for america. thank you, mr. president. [applause] president trump: thank you for a fantastic job. and another man who is with us all the way way, whenever i called, he was there or we get
back within minutes kevin , mccarthy. [cheers and applause] mr. mccarthy: to the president and vice president, during that campaign, you listened to voices no one else was listening to. you listened to those who were trying to get a pay raise, or that parent that was fighting for their children or that person who always dreamed of being an entrepreneur and creating a small business, like you did, mr. president. and you know what? for all those people, you heard them. we would not be standing here today if it wasn't for you. doesn't matter if you were overseas fighting for america. so many people back here got your phone call fighting for tax reform. this is a big day for america. this is america's comeback. [applause]
mr. mccarthy: come february, check your check. because that will be the pay raise of the vote for donald trump. that will be the beginning of the next century, america's century. thank you and god bless. [applause] president trump: so i just want to conclude by saying this will indeed be a very big day when people look back at our country, a whole different attitude, a whole different way. and i really want to end by looking back and thanking all of those people standing behind me that worked for years. this was the culmination of a few months' work, but they have been working on getting this done, whether it's mitch, paul or kevin or orrin.
they have been working on this for years and years. and i just want to turn around and thank them all. they are very, very special people. thank you very much everybody. [applause] ♪ [captions copyright national cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> ladies and gentlemen, please remain in your seats until the president has departed.
minority leader chuck schumer and house leader nancy pelosi, to the passage of the tax bill. the two democratic leaders also spoke of the 2018 elections at this 30 minute news briefing. >> look at that. it. very nice charts. i would like to complement our staff. good afternoon everybody, and thank you for joining us today. we know they are popping champagne and down pennsylvania avenue. placesre only two coup where america -- two cases where america is popping champagne, the white house and the corporate board rooms, including tr