Will take we dont know if the president will take questions, but his recent predecessors have usually held a prechristmas News Conference to talk about the years achievements. Marriage garrett is on the south lawn wait Major Garrett is on the south lawn waiting. Reporter welcome to a warm afternoon here in december on the south lawn. You can see republicans behind me republicans in the house and senate, the combined leadership of the two chambers of Congress Awaiting the president s arrival. Here is the president of the United States. [ music ] ladies and gentlemen, the president of the United States accompanied by the Vice President , the speaker of the house, and the Senate Majority leader. [ applause ] [ music ] it will be interesting to see what sort of questions the president takes beyond the tax bill, which is the largest tax overhaul since 1986, 1. 5 trillion in total, providing a great deal of tax relief to everyone, including businesses. In the past, president ial predecessors
40 vote. Democrats have criticized the package as a trickledown giveaway to corporations and the rich. Republicans argue it will spur Economic Growth and create jobs. The average family of a four in american earning the Median Income will get a 2059 tax cut. When more than half of americans are telling us their living paycheck to paycheck that is real relief. The foundation has been laid on this message. The gop tax scam is about bleeding the middle class dry to pad the pockets of corporate america. And the wealthiest one percent. Senate republican leader Mitch Mcconnell says he thinks americans will respond positively to the new tax bill. Here are some key points of that tax bill, personal income tax rates will be lower. However, the bill retains the same number of tax brackets. It doubles the standard deduction. It also skills back the deduction for state and local taxes which is not popular with People Living in states such as california and new york. Per Child Tax Credit will be do
Is outside the white house, elon is there in washington standing by with the latest on the tax bill itself. Lets start with you, what do we know about this event coming up . Reporter theyre not actually going to do a bill signing. The sbil not ready to be signed just yet, but this is very much a Party Atmosphere here on the south lawn of the white house. We have the marine band going through a list of Christmas Carols a few moments ago theyre serving hot drinking over here. Some of the vips and dignitaries have gathered in the audience. You can see behind me, republican members of congress lined up on the steps just above the south port co. Here on the south lawn of the white house. This is a unified Republican Party right now. Theyve been through a lot of tough infighting particularly over obamacare, this is a big win. This is a moment in which youve seen the president of the United States already today handing out praise to republican leaders, some of whom hes been attacking earlier
President of the United States accompanied by the Vice President , speaker of the house and Senate Majority leader. [applause] 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
Ladies and gentlemen, the president of the United States accompanied by the Vice President , the speaker of the house, and the Senate Majority leader. [applause] [applause] pres. Trump thank you, everybody, very much. These are the people right behind me who worked so long and so hard. It has been an amazing experience. I have to tell you. It has not been done in 34 years. Really it hasnt 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 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 h