We will come to order. Oury, we will consider consideration of the tax cuts and jobs act. Promised, wes delivered to members a modification that we will incorporate this morning. After that, all we will walk through the modification. Members will get an opportunity to discuss and ask questions about the modification. Once that is complete, it will be open for amendment. I want to thank my fellow committee members. Include a number of their amendments in the modification in the mark. I think the market will be better for it. Process,outset of this producing this legislation has been a group effort. I want to thank all of you for your hard work. Lets talk about the modifications. These are not see changes. The core remains the same. Complaints that the walkthrough was a waste of time were misplaced. One modification of the initial mark which will benefit american is a greater expansion of the Child Tax Credit. Bring it to 2000 per child. In addition, we will lower tax rates even lower th
And youre turning around and cutting 185 billion from the same people then youre cutting i believe 179 billion from medicaid. Now, im pretty sure those people dont make 50 now dollars a year. So youre cutting 364 billion. There are no cuts to medicaid in this bill. I beg your pardon . Im reading off of the cbos form. 179 billion in medicaid subsidies. Thats where the money is coming from. Where do you think the 300 billion is coming from . Is there a fairy dropping it on the senate . The money youre spending is coming out of medicaid to people that make less than 50,000. Youre trying to shop this like youre giving a 43 billion savings . Just so you know cbo, thats people who are leaving medicaid. Mr. Chairman and what they estimate is going to happen. You have spending 318 billion to make tax cuts for corporations permanent. That money is coming from the very people you say youre saving by eliminating 43 billion in tax penalties. All these people and you know whats going to happen . Th
American people. We welcome you the senator from texas and colleagues back after thanksgiving break. I had my parents had our thanksgiving dinner with all of their children and grandchildren and cousins so i have a lot to be thankful for. As my mom and dad see their whole family and be happy about it. That now we are back in we have a lot of work to do before the end of the year and precious little time to do it to. Expiring one week from this friday 100,000 dreamers are waiting to work kinnealey santry they have never known. 9 million children are waiting for us to reauthorize the health insurancefo program and millions more waiting for us to restore funding from the Community Health centers. We need to fund the cost sharing programs because the administration refuses to do so texas, louisiana, porter rigo, u. S. Virgin islands are desperately in need of additionalom aid to recover from a National Disaster skyhe brought on them in the debt ceiling must we raised. Andhe with these issu
In recess with votes on judicial nominations expected at 5 30 p. M. Eastern and starting on g. O. P. Tax reform bill tomorrow. Watching live coverage of the senate floor here on cspan2. The senate will come to order. The chaplain, dr. Barry black will lead the senate in prayer. The chaplain let us pray. Our father, god, thank you that we see you in the world around us be holding your works in the earth and sea and sky. Your everlasting mercies sustain us, enabling us to borrow our heartbeats from you each day. Today, be for our lawmakers and abiding and sustaining presence. May they live to serve and honor you bringing glory to your name. Make them patient in debate, charitable in judgment, and slow to anger. Lord, empower them to defend and maintain the right as they seek justice and freedom for all. We pray in your sacred name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of ameri
30 minutes. Thank you. Madam president , i welcome you, senator from texas, after thanksgiving break, i have my parents, 94 and 89, with all children and grandchildren, and this and that. I would like to be thankful, blessed to have my mom and dad, happy about it. Now we are back. Precious little time to do it. Funding for the government expires this friday. 800,000 dreamers wait to hear they can live and work in the only country they have ever known. 9 million children reauthorizing the Health Insurance program and millions more waiting to restore funding for Community Health centers, the most costeffective and only healthcare lots of people can get. We need to funds costsharing programs that have pocket costs for low income americans because the administration refuses to do so. Texas, louisiana, puerto rico, the Us Virgin Islands are desperately in need of additional aid to recover from the natural disasters god brought on them and the debt ceiling must be raised again and in short o