Driving the u. S. Stock market as well as hopes for some kind of tax cut. Those hopes sparking up again as we have the house passing the budget which in turn leads to higher hopes for a tax plan getting through. All the major averages are up. The russell 2000 of small caps is outperforming again. It is coming back to outperforming, up 4 10 of 1 . This is a small domestic dust and index for small, domestic orient an index for small, domestic oriented companies. Here you have the s p 500 versus the russell since the election. The russell had a big outperform its initially and sort of went sideways for a while, had another leg up in september and has gone sideways and is taking up relative to the s p 500, the relative performance improving as we get this latest wave of tax hopes. There is a Deutsche Bank index of highly taxed companies and low taxed companies. Here is a ratio of the two and the red line goes back to the election. They bottomed out in august and september and now they are
We ask your blessing now on the whose of this house responsibility lies also beyond the local interests of constituents while honoring them. Give each member the wisdom to represent both local and National Interests and responsibility calling for the wisdom of solomon. Grant them, if you will, a double portion of such wisdom. Bless us this day and every day and may all that is done within the peoples house be for your greater honor and glory, amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. The pledge of allegiance will be led by the gentlewoman from hawaii, ms. Gabbard. Ms. Gabbard i pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The speaker the chair will entertain up to five requests for onemin speeches on each side of
At 1. 32 trillion and require federal committees to work on tax reform. Heres a look at some of the debate from the house floor. This runs about an hour and a half. Concurrentsupport of 71. T of Senate Amendment house concurrent resolution 71, the budget resolution for fiscal 2018. Passing a budget is never easy and has once again been a challenge this year. But i am encouraged with where were now and i am pleased that the senate did its work by approving a budget. One that we can support in order to unlock tax reform for the American People. Without question there are plenty of things that i wish were included in what the Senate Passed. Ideas that the house put forward earlier this month when we approved our budget. For example, i still feel strongly about addressing unsustainable mandatory spending, and that hasnt changed. The growing burden of debt caused by mandatory spending is a real problem that cannot be ignored. We owe it to the American People to do something to offer serious
Unsustainable mandatory spending, and that hasnt changed. The growing burden of debt caused by mandatory spending is a real problem that cannot be ignored. We owe it to the American People to do something to offer serious reforms that ensure Government Programs are financially sustainable and working well for generations to come. And i think we will tackle this important issue in the future. A choice. Dont have but despite any shortcomings of the Senate Passed budget, i am encouraged that it does reflect the shared priorities of both chambers. Moving forward with this budget by our upported president. I want to remind my colleagues that before final passage last week the senate did include numerous provisions previously passed by the house. And i was proud to be involved in those negotiations with the leaders of the house, the senate, and the white house. For example, the Senate Passed budget creates a mechanism that would permit the Budget Committee chairman to adjust the budget alloc
Strongly about addressing unsustainable mandatory spending, and that hasnt changed. The growing burden of debt caused by mandatory spending is a real problem that cannot be ignored. We owe it to the American People to do something to offer serious reforms that ensure Government Programs are financially sustainable and working well for generations to come. And i think we will tackle this important issue in the future. A choice. Dont have but despite any shortcomings of the Senate Passed budget, i am encouraged that it does reflect the shared priorities of both chambers. Moving forward with this budget by our upported president. I want to remind my colleagues that before final passage last week the senate did include numerous provisions previously passed by the house. And i was proud to be involved in those negotiations with the leaders of the house, the senate, and the white house. For example, the Senate Passed budget creates a mechanism that would permit the Budget Committee chairman