tv White House Tax Reform Event CSPAN December 21, 2017 6:21am-7:00am EST
washington and after the i have a dream speech. we must mark king now as the most dangerous the growth in the future of this nation. >> sunday at 4:30 p.m., reflect on lessons learned and ignored during the year. -- during the war. >> we learned that the limits of military power during the vietnam war. we learned that as a society and a culture that you cannot kill an idea with a bullet. >> american history tv this weekend, only on c-span3. >> on the south lawn of the white house, president trump was joined by vice president pence, majority leader mitch mcconnell, and speaker paul ryan after the passage of the 1.5 chilean dollars tax package. -- of the $1.5 trillion tax package.
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 of art country. -- of our country, and reform. the tax cut. really something special. [applause] pres. trump: this just came out two minutes ago, at&t plans to increase u.s. capital spending $1 billion and provide $1000 special bonus to more than 200,000 u.s. employees because of what we have done. that is pretty good. [applause] pres. trump: 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. that will continue and then some because of what we did. $3.2 trillion -- just 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 $2000. they will have $2000 -- and that is in my opinion less than the average. you will have a lot more than that. [applause] pres. trump: 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 a state tax that is wiped out. they can keep their farms in the family. that is a big factor. very good -- very big. [applause] pres. trump: this is going to mean companies are going to come back -- and i campaigned on the fact that we will not lose our companies anymore. they are going to stay in our country. you have been seeing what has been happening even at this prospect.
it means the formation of new, young, beautiful, strong companies. that is going to be very important. the pass-throughs you know all about. the small businesses are going to be big beneficiaries. we will bring at least $4 trillion back into this country. money that was frozen overseas and in parts of the world and some of them don't even like us. they had the money. they will not have the money long. [applause] pres. trump: it is 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? [applause] pres. trump: i want to have them get up and get the glamour and the glory. they will speak for a little while, the shorter the better, that way we can get all of you. i want to thank mitch mcconnell. what a job. [applause] pres. trump: i want to thank paul. they will speak. paul ryan and mitch, they were a little team. we got together and we worked very hard. it seems like -- it was a lot of fun. it's always a lot of fun when you win. if you work hard and lose, that's not acceptable. i will name a few names and they will come up. people that i saw so much over the last month and over the last almost year. when you think of it, we have not 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. that was a primary source of funding of obamacare. a friend of mine -- congratulations. dan, where is dan? and don to come aware is dan? pres. trump: between dan and don and lisa, you have done a very great job. you didn't get anwar. they tried in ronald reagan, they tried with the bushes, they tried with everybody. but we got it in this bill. we have mandate, and we have the tax cut and we have reform. when you add up the size of this bill, thank you very much. lisa murkowski.
john cornyn. great job orrin hatch. he is a special person. tim scott. he is going to say a few words. [laughter] -- [applause] pres. trump: he is younger than i am. [laughter] pres. trump: i have this mostly memorized, but tim scott has been great. john thune, where is john? great job, john. rob portman, a student of the tax world. thank you very much. [applause] pres. trump: i want to thank pat toomey. we rode together in pennsylvania, but where's pat? great job. [applause] pres. trump: he knows his business. susan collins we want to thank. susan is around someplace. thank you, susan. all friends. i look at these people, it is
like we are warriors together. kristi noem and diane black. our great speaker paul ryan. and he is a great speaker. [applause] great job. kevin mccarthy. what a job, kevin. we have fun? -- we have fun. do we have a good time? steve scalise. he is braver than all of us. where is he? [applause] pres. trump: oh, boy. i don't know. he had a rougher year than most of us, but it is a hell of a way to lose weight. not a good way. we love you, steve. great job. great job. kevin brady. kevin. [applause] kevin brady. so maybe what i will do is -- and by the way i mentioned at&t, but many companies have come
forward and said they will do similar announcements. we will see something that is going to be very special. we are bringing the entrepreneur back to this country. we are getting rid of all the knots and ties. you are going to see what happens. ultimately it means jobs, jobs, jobs. it is going to be a very special period of time. it is going to be even more so. i want to thank everybody behind me. maybe i can start with mitch, then paul, then we will have a few folks come up and have a few words. then we will have a little bit of fun. mitch, how about you start? [applause] sen. mcconnell: well let me just say, mr. president, you made the case for the tax bill. this has been a year of -- ofvery accomplishment extraordinary accomplishment for the trump administration. [applause] sen. mcconnell: mr. president,
thanks to your nominees, we have put 12 circuit court judges in place, the most since the circuit court system was established in 1891. you hold the record. [applause] sen. 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 are doing. [applause] speaker ryan: first of all, what this represents is a promise that each and every one of us made to the american people. it is a promise that has been kept today. [applause] speaker ryan: something this
big, generational, so 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] speaker ryan: i just want to quickly say a thanks. this has been such a team effort. i want to thank gary cohn and steve mnuchin from the economic team for what they did to get up here. [applause] speaker ryan: i want to thank my partner mitch mcconnell in the senate and i want to thank these two chairman, orrin hatch and kevin brady. thank you for your leadership on this. [applause] speaker ryan: it is really simple. the message to the hard-working taxpayers of america is your tax relief is on its way. that is what is 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. 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 economic growth and potential. if it were not for all the leadership of the men and women up here, this would not have been possible. lastly, i want to thank the american people for putting their trust in us, for giving us this chance and ability to make this moment possible. thank you very much. [applause]
pres. trump: a man who has been working very hard. thank you, paul. very hard for a long. -- very hard for a long period of time. last night was a culmination. i don't know, if we will have bigger moments but we hope to. we are going to try. a special guy and great friend of mine, vice president mike pence. [applause] vice pres. pence: thank you, mr. president. thank you for the kind words. thank you for your leadership. thank you for your boundless faith in the american people. 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 pres. pence: two members of our cabinet, to all these members of congress, thank you. thank you for being here today for the special moment and for your leadership and support throughout this year. i truly believe, mr. president, that this will be remembered as a pivotal moment in our nation. a day when 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] vice pres. pence: 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 president reagan. illegal crossings on our southern border are down by more than 50%. president trump has been restoring american credibility on the world stage. standing with our allies and up to our enemies. as the president reflected
earlier today, our nato allies are paying more toward common defense. north korea is more isolated than ever before. this president put iran on notice. he put the war on afghanistan on notice. isis is on the run. their capital has fallen. they have crumbled across syria and iraq. [applause] vice pres. pence: but what brings us here today is that president trump also knows that american strength starts with a growing american economy. from the first day of this administration, he championed free trade and rollback red tape at record levels. we unleashed american energy, and today today, mr. president, you have fulfilled the promise you made to millions of americans struggling. to cut taxes for working families and businesses large
and small. in august of this year, the president laid out his plan that would be a middle class miracle. that is exactly what the congress passed today. [applause] vice pres. pence: this tax cut will put more money in the pockets of the american people. it will make our tax code more simple, more fair, more easy to understand. it will make businesses more competitive. it will raise wages for working americans. i serve with him every day. president donald trump is a man of his word. he is a man of action. with the strong support of these members of congress, president donald trump delivered. a great victory for the american people. [applause] vice pres. pence: we made history today. but as the president said, when we gathered this morning with a few less hours sleep than usual, we are just getting started.
i can assure you this president and administration will not rest until the forgotten men and women of america are forgotten no more. thank you, mr. president. thank you for your leadership. thank you for your love for this country and the people of this country. i know in my heart, with a 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] pres. trump: thank you, mike, very much. a friend of mine, a 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 were not looking good a couple times and he was a tremendous help. think -- thank you tim. , [applause]
mr. scott: mr. president, during one of those conversations that we had, we talked about ways to improve the communities throughout the country. 52 million americans living in distressed communities. we talked about legislation that can move those communities forward. 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. [applause] mr. scott: the president said i only have about 45 more minutes, so i'm going to get to my -- [laughter] he did not say that. ok, got it. let me just say to those
americans watching this process, this is not about washington. it is not about the left, it is not about the right. it is 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 is 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%. 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] pres. trump: diane, come on up. diane black. [applause] ms. black: thank you, mr. president. and i want to thank all of the folks that 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 we are promised with the american dream. 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. they have been really working. and don young. i think he is around here. the three of them. come here. dan, get over here. lisa. senator murkowski: mr. president, i don't know if you recognize this, 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. [applause] 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 anwar. 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 behalf of all alaskans, and the american people, 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 want to 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 ended -- and 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. you are one heck 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. you stop and think about it, 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 where we are 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? [laughter] president trump: 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 tie 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 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 -- or he would 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] ♪
>> senate majority leader mitch mcconnell and mark warner will sit down for separate interviews with mike allen. they are expected to talk about the passage of the tax bill, ongoing russia investigation, and the spending deadline. this coverage begins at 8:00 a.m. on c-span two. sunday on q&a, heritage foundation distinguished fellow be edwards chronicles his 60 year involvement in the conservative movement. >> i met joe mccarthy. , who was a confidant to him, and he was -- he liked to party, a drink or two.
as long as you didn't talk about communism, you couldn't ask for more fundi to be with. he is very serious about that. he is also someone who did not take advice well. things things and did that hurt the cause of anti-communism. >> q&a, sunday night at eight ago eastern on c-span. 8:00 >> eastern on c-span. >> washington journal is next. the houses back at 9:00 eastern time. items on the agenda, a spending bill to avoid a government shutdown, heading into the holiday recess, and reauthorizing the foreign intelligence surveillance act. coming up this morning on washington journal, a professor and