Very dad day indeed. Im trish regan. Welcome to the intelligence report. For millions of americans, they willer paychecks. Also breaking today, walmart handing out bonuses and raising minimum wage. And why . Because of the republican tax bill. I wonder does nancy pelosi and many of her friend think this law will bring on the apocalypse as she so not eloquently said . President trump making it clear he will not support any immigration bill if it doesnt include the wall. We need to get rid of the visa program. Why do we let anybody in the couny with chain migration and lossry . Why donte have a meritbased system . Hear how difficult it is to get a visa from other countries. Treasury department announced new details about the tax law and it means as bigger paycheck for everyone. I like it. Blake . Reporter let me walk you through some of this, trish. As you know when the tax bill was signed late last fall, that the republicans said you would have more tackhome pay. Treasury, irs, is tryin
Averages nasdaq s p 500 and bit igher by. 5 or a more. 2000. Out russell the optimism is back about tax cuts and what it will economy and we have the earnings season getting under way tomorrow with some of the big banks. Those in a t moment. But first, lets look at a few of the stocks that are 2000 g the russell higher. These are small cap stocks. 17 . Ress software up they beat earnings and sales estimates. Same thing with k. B. Home. They beat earnings by more than 9 . Stands out in contrast to yesterdays lennar. S miss by company, the brinks up almost 9 . These are some small cap winners. The earning season overall, lets hop bloomberg and look at the yearoveryear Earnings Growth. In 2013 and 14, ecent growth, but then we see an earnings recession 16. Here to 2015, 2017, lots of growth. 20 last year. This is the estimate for the Fourth Quarter that well be at. Ing up 11. 8 . That according to mkm. Be more reason to think why the stock market is rallying on the day and to if ontinue c
Vote the presiding officer are there any senators in the chamber wishing to vote or to change their vote . If not, the ayes are 96, the nays are zero. The nomination is confirmed. Under the previous order, the motion to reconsider is considered made and laid upon the table. The president will be immediately notified of the senates action. The senate will be in order. The senate will be in order. The majority leader. The senate will be in order. Mr. Mcconnell mr. President , i move to proceed to legislative session. The presiding officer the question is on the motion. All those in favor say aye. Those opposed, no. The ayes appear to have it. The ayes do have it. The motion is agreed to. Mr. Mcconnell i understand the senate has received a message from the house to accompany s. 139. The presiding officer the majority leader is correct. Mr. Mcconnell i move that the chair lay before the senate the message to accompany s. 139, and i ask for the yeas and nays on my motion. The presiding off
A hall meeting with constituents talking about the tax reform law. You can also follow live on cspan. Org or lift listen on the radio app. Treasury secretary Steve Mnuchin talked to reporters during the daily briefing. He talked about the rollout of the impact on u. S. Workers. This is about 20 minutes. Thank you very much. Let me comment and say that i am pleased that i will be leading the economic delegation. We will have a large group of cabinet members traveling with us. We will get more information on that later. I would like to talk about the withholding tables. Today the Treasury Department released new withholding guidance that will implement the tax cut. Will mean thatce workers and their families will receive larger paychecks starting in february. This has been a massive project we have been working on, beginning to implement the tax plan. There is a lot of work left to be done. This historic legislation doubles the standard deduction, simplifies the filing process, lowers th
Have a large group of cabinet members traveling with us. We will get more information on that later. I would like to talk about the withholding tables. Today the Treasury Department released new withholding guidance that will implement the tax cut. This new guidance will mean that workers and their families will receive larger paychecks starting in february. This has been a massive project we have been working on, beginning to implement the tax plan. There is a lot of work left to be done. This historic legislation doubles the standard deduction, simplifies the filing process, lowers the rate of millions of middle income americans and their family. The irs worked around the clock to meet our important objective , to work with the existing forms, and we want to minimize the burden on employers and Hardworking Taxpayers to get this implemented in february. This is just the first step in a threestep process. This will next, the irs will release a onhholding calculator irs. Com, by the end