Vote the presiding officer on this vote the yeas are 52. The nays are 48. The motion is agreed to. The clerk will report the bill. The clerk calendar number 266 h. R. 1 an act to provide for reconciliation pursuant to titles 2 and 5 of the concurrent resolution on the budget for fiscal year 2018. Mr. Mcconnell mr. President . The presiding officer majority leader. Mr. Mcconnell i ask unanimous consent the senate that senator wyden or his designee be recognized to offer a motion to commit the bill, text of which is at the desk. I further ask that the time until 8 00 p. M. Be equally divided between the leaders or their designees and that at 8 00 p. M. The senate vote in relation to the motion to commit with no intervening action or debate and that following the disposition of the wyden motion, the majority leader be recognized. The presiding officer is there objection . Without objection. Mr. Wyden mr. President. The presiding officer the senator from oregon. Mr. Wyden i ask unanimous c
With these tax increases while the wealthy continue to get more tax bracing. Ill yield the floor. Mr. Wyden mr. President . The presiding officer the senator from oregon. Mr. Wyden mr. President , i brought with me to the floor a copy of the justreleased analysis by the joint committee on taxation. These folks are the independent tax referees for the congress. I pushed very hard for several weeks in order to get this dynamic score for the republican tax bill because as the Ranking Member on the finance committee, i heard my colleague say week after week that all we need to get is a dynamic score and people will see the value of our bill. Well, we got the score, and the score ends the fantasy about magical growth, about unicorns and growth fairies suddenly showing that tax cuts pay for themselves. In fact, this report shows that this bill would lose more than a trillion dollars even with the dynamic score. It slows the growth of the American Economy after 2025. It is the total opposite
House and Senate Conference Committee Members met to discuss tax reform the pat s bills. The senator orrin hatch who chairs the finance Committee Told reporters he and his republican colleagues had reached the general agreement on how they plan to overhaul the nations tax code. The Senate House Committee will come to order. I am deeply honored to chair this Conference Committee, the first tax reform Conference Committee in 31 years and to be here with you as we move forward with this historic effort. Before i deliver my opening remarks, i want to take a moment to welcome everyone and discuss the format of todays meeting. I also would like to thank the members of congress joining us today from both sides of the of the and both sides aisle. I think all the members of the house and senate and our professional staff who worked so for the pasteform several years. In particular, the members of the ways and Means Committee and senator hatch in the finance committee. We will begin todays meeti
Members met senate to reconcile bills. Orrin hatch chairs the finance reportersand told that then reached agreements on how to overhaul the code. The Senate House Committee will come to order. I am deeply honored to chair this Conference Committee, the first Tax Reform Conference Committee in 31 years and to be here with you as we move forward with this historic effort. Before i deliver my opening remarks, i want to take a moment to welcome everyone and discuss the format of todays meeting. I also would like to thank the members of congress joining us today from both sides of the of the and both sides aisle. I think all the members of the house and senate and our professional staff who worked so for the pasteform several years. In particular, the members of the ways and Means Committee and senator hatch in the finance committee. We will begin todays meeting with the opportunity for each country to make an Opening Statement of up to three minutes. In order to ensure each country has an
Washington and the leadership in some parts of the republican party, particularly the senate, and that is what is driving him. Want afterward senate and 9 00 p. M. Eastern on cspan2 possible tb. Now, to the house and Senate Conference meeting on tax reform. Committee members talked about the two tax reform bills passed separately out of each chamber. Good afternoon, everyone. I am deeply honored to tear this Conference Committee, the first Tax Reform Conference Committee and 31 years. And to be here with all of you as we move forward with this historic effort. Before i deliver my opening remarks, i want to take a moment to welcome everyone to discuss the format of todays meeting. I would also like to thank all of the members of congress trying us today from both sides of the capital, and both sides of the aisle. I also thank all of the members of the house and senate and our professional staff who have worked so hard on tax reform for the past several years, and in particular, the memb