Jobs and more opportunity for every american. Today is a big day for so many in this country, especially been struggling to get by, who havent been able to get ahead, who have read about the economic recovery for years but have never experienced it. Today is a big day for them. [speaking spanish] [cheering] you know how to say ways and means in spanish . Ways and means, kevin brady. [cheers and applause] this is an incredibly exciting day for the american heree, and it would not be for them without incredible leadership from speaker ryan him speaker ryan and our members in the house. I especially want to thank the 24th in verse of the house ways and Means Committee, the republicans. An amazing job there. The first time in three decades, the house has voted to pass sweeping tax reform bills. Willst passed a bill that bring relief, simplicity and fairness to americans in every corner of this country. We took a major step toward delivering more jobs, your paychecks and a stronger economy to hardworking people and job creators on main street. Think about what that means. The typical middle income family in my district, they will save over 2000. That Small Business on main this means over 3000 in tax relief. Welcome the 74,000 new jobs headed our way because of tax reform. It also means hardworking americans everywhere are going to see more in their paychecks. We all know this quote, will rogers, the difference between death and taxes is that death does not get worse every Time Congress needs. [laughter] it is funny but it perfectly captures how most americans have come to feel about our tax code. Seemed to get worse and worse and worse. They have seen it get more unfair, more complex and more uncompetitive. When congressman today, americans saw something different. They saw as come together to make our tax system better for them in our nation. Today was a major step forward. This is certainly not the last step in our tax reform journey. He still have a way to go, we will continue to listen to the American People. We have always said it this is not our tax code, it belongs to the American People. We will listen to them and their representatives to make it better every step of the way. We all look forward to working with President Trump and the senate to get this bill to the president s desk by the end of the year. We are committed to getting it done and delivering to the American People. Thank you. [applause] earlier i said there is no one person who has plowed the field for more years, more boldly, more effectively on behalf tax reform for the American People. Title is former chairman of the ways and Means Committee [laughter] speaker,roud of our paul ryan. [applause] first, i want to do a back at just back atcha. Our good friend and a leader, kevin brady. [applause] say, this is to nothing short of extraordinary. Getting 218 members to agree on something as complicated well, we needed to 18. 218. Let me rephrase. [applause] company this country is not rewritten its tax cuts since 1986. The power of the status quo in this town is so strong. Women of this congress broke through that today. That is powerful. Thank not just the members to make this power make this possible, i want to thank the president , and our senators who are doing their work, as well. [applause] from the very start, we said that failure is not an option and the president has a team that has worked so constructively with us every step of the way. I have to say how proud i am of this conference. Tax reform is very hard. We know people are really struggling in this country. We know that we are just coming through a decade of real, economic anxiety. We know this is a nation that has so much more potential that has not yet in attack. That is what has not yet been tapped. That is what today is about. It is about giving hardworking americans more takehome pay. Families more takehome pay. More wages, more jobs and put america in the drivers seat of the World Economy again. Its about hope and new opportunity and making sure america continues to be the best place in the world, the best place in the world, to live, thrive, start a business, create a job, grow, construct. We have a long road ahead of us. It is a very big milestone. We have a long road ahead of us and we have a timeline to get this done by the end of the year. The senate is working on doing this. We are excited about going through the legislative process, going to congress, making the dough even better. Most important, i am excited on behalf of the American People who are waiting to see as get this done. That weng i will say is collectively as the country in 2016 to give us a chance to work for them. We asked the people of this country who are struggling, give us a chance to make good by you, to make life better for you, give us a chance to improve your life. This Conference Today that one of the greatest things they could possibly do to make good on that promise and i am so proud. Right now, i want to thank one of the women of one of the women, the leaders of congress. She has been at the forefront in making sure we get a message out, that we have two ears and one mouth and we use them in that portion. Our chairwoman, Cathy Mcmorris rodgers. [applause] this is an exciting day for the American People, an exciting day for the american economy. We stand here as representatives of families and Small Businesses and farmers all across this country who have spoken, who have told us, they want tax relief. I want an opportunity for a better life. Today, we are proud to stand and excited to stand and give them hope for a better tomorrow. We all have the chance to travel around the country. I was recently in North Carolina and i heard a Small Business woman, she came up to me and she said, if you are able to get tax reform on the president s desk, i will double my business, home double the number of employees. We heard those kind of stories over and over. We want people to have larger paychecks. Small Business Owners told us, we would like to pay our employees more, we would like to be able to increase their paychecks, but it is a tax burden, the health care costs. Today, we are standing for them. This is why we run for office. This legislation is progrowth, profamily, because we want a plan that will reward hard work, respect the dignity of work and allow everyone to keep more money in their pocket. Talking about 1182 for the middle income american family. Today, we had the president with us earlier, and our goal is to get the legislation through the senate and on to the president s desk as soon as possible. I am joined by so many members and our majority leader, atonement from california who guides us through all of these legislative efforts and delivered today a rounding vote, and please join me in welcoming our majority leader, kevin mccarthy. [applause] today is a critical day. Today sends to everyone listening . A sign your Congress Listens to you. For too long you have waited to get your wages increased. We are successful. With the next step, i want you to check your check next year. Check that check, because your income will be up. For everyone who ever dreamed of being announced newer of being an entrepreneur, this is your opportunity. If anyone who ever dreamed of starting a family, this bill means your first 55,000 you are in, you will not 55,000 you earn, you will not pay one penny. For the dream to make sure america stays on top in the next century, this will bring a competition back to america. We have already seen ceos who have left because of the burden of the tax code, who have moved to another country, make the decision to move back. Most importantly. It means america is back. To take one moment, and i do want to thank kevin brady. I never got a surplus ronald reagan, when i watched the demeanor of this chairman, his alwaysl persistence, finding the opportunity on the other end, always listening and finding a solution, he may not be as tall, but he stands taller than anyone out today. [applause] our job is not done. The senate will have to do the work and we will come back. When we finish the job, we make this promise to you, we will come back in a bit and a bigger celebration because we have listened to the american public. After this, i will go celebrate my mothers birthday today. I want to introduce an the whole reason, not why she ran, but the experience of what a tax code has done to her family. It could take a very difficult situation to be able to keep a farm, raise a family and say she can make a difference. Today is a symbol of what kristi noem has been able to achieve, but it is not her last. Our congresswoman, kristi noem. [applause] it was almost 24 years ago that my dad was killed in an accident on our farm. At the time i was 22 years old. I became a firsttime mother weeks after he passed away. I was not only dealing with becoming a new mother, taking over a family operation with my mother, who was devastated, but dealing with all of the changes. When we got a bill in the mail from the irs saying we owe to death taxes, it may be now. Thats one of the reasons i originally ran for office in south dakota, i felt we needed more normal, everyday people making our laws in this country work for them. Instead of it being of it being the other way around. Our laws hurting them. I am very proud to be here. I am a member of the ways and Means Committee that worked on this bill. Hearingser 12 former on tax reform policies, hundreds of hours of debate, and we focused on three different priorities and put together this legislation before you. Families, weong wanted to focus on a low and middle income individuals and america. And we want to growth. Wanted growth. Growth and opportunities for kids and future generations. This bill represents that today. I worked in the family tax credit which prioritizes our kids, increases the tax credit, and gives the taxpayer, got rid of the marriage penalty. It also recognize the many families out there that have adult dependents living with them any to care for. It acknowledged we make sure that we lowered rates for folks, Small Businesses, family farms and ranches. We gave them an Interest Deduction and fully repealed the death taxble tax, the in this piece of legislation. We are not done yet. But it will be a happy day for me at a happy day for america when we come back here and approve the Conference Committee that goes to the president s desk. We will be creating new opportunities for our kids. The average family of four in south dakota brings some 50,000 a year. That is both parents working. And they have to pay electricity, mortgage, energy costs, there is not a lot left over. In january, their paychecks will be bigger. They will have more opportunity to provide for their family. Introduce somebody who is the most positive individual i have ever had a chance to be around. Hero. My personal [applause] thank you. Great day for hardworking families who have been hungry for tax relief. Watchingre fed up with an economy where wages are stuck. Are me, these families that sick and tired of watching good jobs move overseas because we had the highest tax rate in the industrial world, that all changed today with this bill. I want to thank those standing put up 227 votes to stand up for hardworking families and cutting taxes for families across the board. This is an exciting day for our economy. I want to thank President Trump. Every step of the way, he was directly engaged, kept talking about how he wanted to push those tax cuts further and further down into the middle class to make sure this was fair for everybody, not just , which areaxcut critically important at bringing jobs back to america and increasing wages, but he also wanted to make sure that the single mother who is out working two or three jobs gets tax relief as well. And chairman brady and his committee has been working overtime to make sure all of those objectives were met. It was not just President Trump. I want to thank Vice President mike pence who was also so helpful. This was an all hands on deck effort from the white house. Everyone making it clear that they will fulfill the promise that well have made. We are going to provide tax cuts and relief for working families and get the economy moving again and bring jobs back to america. Today is a great day for the American People. Now the senate gets to do their job and go to a conference and pass the bill and put it on President Trumps desk so we can finally get the economy moving again. Congratulations to all of my colleagues. Lets go get this done. [applause] announcer on thursday the house passed its version of the tax plan. The final vote was 205. All democrats and 13 republicans voted against it. Passedance committee 1412. Coverage of the house, always here on cspan and the senate on cspan2. Cspans washington journal, live every day with news and policy issues that impact he appeared coming up friday morning, the Sexual Assault allegations against worry more. Mooreroyhear lori. And we will review President Trumps trip to asia. Be sure to watch cspans washington journal, friday morning. Join the discussion. Friday a discussion about the future of saudi arabia after the arrest and detention of 200 men and lowerlevel leaders in the capital. The Senate Finance committee continued with a fourth day of reviewing the Senate Republican tax reform bill. This portion of the hearing is one hour 20 minutes