The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Almighty god, we are reminded at this time of year of the greatness of your gift to us in sending your son. Use us as instruments for his glory. Because of our faith in you, make us bold as lions in these turbulent times. May our lawmakers Work Together to protect and defend our constitution, realizing, as iron sharpens iron so friends sharpen friends. Make our senators grateful for the fires in our nations history that have tested their commitment to freedom, providing opportunities to become profiles of courage, serving their generation with faithfulness. We pray in your great name. Amen. The presiding officer please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all.
Amendment 233, amendment number 17. I would like to make it clear that the nature of this amendment and the nature of this amendment is to try to follow the advice of about every witness who testified in this room in september about how to stabilize the exchanges. Among the three things we should do, make clear that the costsharing reductions what upset the cost of copays, deductibles. Make clear they are not going away for at least two years. They also said that they put in place a Reinsurance Program. For highly expensive patient care for particular patients. Number three, they said we should retain the individual mandate. If we decide not to replace it with something just as effective, getting a good mix of young and Healthy People to be part of the insurance pool within the exchanges across the country. The legislation before us apparently repeals proposals to repeal the individual mandate. Happens, that would leave us with costsharing reduction and no reinsurance. Instead of a thr
Ill come in under my time. Hes not here anymore. Where did he go . Will you be able to answer the question . Im sorry to put you in this position. Mr. Hatch is mr. Barthold coming back . Ill wait until he comes back. Hes coming back. Is that all right . On page 1 of the distribution effects of the chairmans modification if you look at the bottom left, 1 million and over you see that . And then it says change in federal taxes for the year 2019. What does that say about the top 1 . In term os whether theyre getting a tax benefit or tax cut . I dont want to apply the one million over represents the top 1 but for the 1 million and over income category, thing a refwat tax reduction for that 33. 6 billion. Mr. Bennet and could you tell me what benefit they get with respect to the estate tax . We dont distribute the aggregate effects of the estate tax reduction in our distribution tables. Here come ours savior. My savior in particular. Mr. Bennet mr. Barthold, im sorry to do this to you, mr.
States like mine and i would said especially in places like earn oregon where Companies Shut down production in lima or springfield and move to beijing and go a tax break for doing t we want to close that loophole, but you know what, this bill explodes that hoop hoax as i said a explodes that loophole. If a plant shuts down, the company understand this bill would pay a rate of 20 on profits. If it shuts down and moves to asia, it can build a new factory and get a Tax Deduction for moving and still pay a u. S. Tax rate of zero. So why wouldnt they move . A senator would the senator yield . Mr. Brown very briefly. Mr. Sullivan so the issue on Economic Growth were talk about growth. Growth, growth, growth. And i have not in three years three years heard my colleagues on the other side of the aisle say that Economic Growth of 1. 5 for almost ten years is good for the country, good for workers in ohio, good so heres my question. Mr. Brown madam president , i take back my time. Mr. Sullivan
The answer is yes. We have a tax system right now in place and we have a tax system right now and when i hear my colleagues of course we dont like the taxes and we particularly dont like it if states we like mine where the Companies Shut down production in line in springfield and move to get a tax break for doing it. We ought to close that loophole, but this bill explodes that because as i said a few minutes ago if a plant shuts down in kenya or zanesville there would be a 20 on profits and if it shuts down and moves to asia it can build a factory and get a Tax Deduction while moving a [inaudible] very briefly. I y have not in three years heard my colleagues on the other side of the aisle say that Economic Growth of 1. 5 for almost ten years is good for the country, workers in ohio. Heres my question i was yielded to the question if it is a question. Reclaiming my time. T i d. I do not believe itld t is te new normal. Nobody believes that. Of course we dont think 1. 5 is a new normal b