Mr. President , the first motion the senate will vote on is a straightforward proposition. The motion says lets send this bill back to the senate on a bipartisan basis and come up with a plan that actually works for the middle class. I will wrap up just by recapping the republican rhetoric on his tax plan. First it was said to be a guaranteed middleclass tax cuts. Then it was merely focused on the middle class. Next it was an average tax cut across a variety of income cohort. But now, the numbers are actually in. Republicans want to run up enough red ink to threaten medicare and Social Security and still raise taxes on more than half of the middle class. The senate on a bipartisan basis can do better than this. I urge my colleagues to support this proposal, to send the bill back and come back h on a bipartisan basis with tax reform that actually works for the middle class. I yeild back. The question on motion. Nay. Is there a sufficient second . The clerk will call the roll. [roll call
Welcome everybody scary situation there. The dow the s p and the nasdaq hitting new highs. If we close at another record high today it would be the 70th record close this year breaking the 1995 record for the most closing highs in any year. With the gains the dow is up more than 5,000 points this year that is obviously never happened check out the individual movers. Etf on pace for its best day since december 4th abercrombie leading the way. Best buy trading at an all time home and dr horton and berkshire hathaway, 300,000 a share and now 23 this year topping the s p 500. Wow. Lets get straight to the rally. On the floor of the nyfc. Big enthusiasm. You might have thought the tax bill was priced in but apparently not as he mentioned consumer earnings today are leading. Both benefiting from the tax bill a fairly broad rally the only thing not big is the volume more like Charlie Brown Christmas Tree size. Modest yet still shining bright. Take a look at the all time highs. 58 on the s p 5
The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. Eternal god, in this season of gladness and cheer when many celebrate your breakthrough at bethlehem, we pause to thank you for your mercy and grace. While we were sinners, you initiated the process of our redemption and restoration. Great is your faithfulness. Lord, make our lawmakers ambassadors of reconciliation for your kingdom, using them to demonstrate your precepts and represent your purposes. As they strive to bring the illumination of your wisdom to a dark world, may people see their labors and glorify your holy name. Because of our senators faithful service, may our nation experience the unity of your healing presence lord, let there be peace on earth and let it begin with us. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the fla
But the late then story. Here is our Ashley Johnson. Reporter all over this news, one huge bubble of mixed mess ago ins. Headlines stating trump tax plans speak for itself and it is lig. Trump reportedly telling friends you all just got a lot of reporter. Friday President Donald Trump signed the republican tax cut bill before leaning for christmas break in florida. The white house and republicans are calling it a boom for the middle class. But many people wanted to know how exactly the tax plan affect our pockets new York Governor Andrew Cuomo signed an executive order to make sure they complete pay fex years taxes. In new jersey, the city of Tax Collectors Office has been accepting prepayment payment of property tax. Will filing early help. Matt roonen in the attorney and founder references the study by the institute of taxation and economic policy. And the taxation and policy because they are certainly not President Trump and put out study and a she that nin and ten are either going
Not at all. It cannot damn our resolve to pass the d. R. E. A. M act. The fight continues. Mr. President , i yield the floor. To this poor kid to talk about the deferred action for Childhood Arrivals Program also known as daca. There was an executive order of president obama which provided temporary legal status to immigrants students and young people if they registered with r the government, paid a fee, past criminal and National Security background check. It was for two years renewable. The young people who were protected by daca are known by some as dreamers. They came to the United States as children. They grew up singing the starspangled banner. Pledging allegiance to our flag. They believe that they are americans. But ielegally, they are not. The average daca recipient came to the United States at the age of six. And has been here for approximately 20 years. It was seven years ago that i sent a letter to president obama asking him, and i was i asked president obama, can you find