Washington, d. C. Reporter the big breakthrough on capitol hill. Senate leaders say they have reached the bipartisan long term budget deal. The budget deal does not have everything democrats want. It does not have everything republicans want but it has a great deal of what the American People want. Our armed forces will have more resources they need to keep america safe. Reporter in 2011 as part of the budget control act, spending limits are put in place for domestic and defense spending. The Senate Package lifts those by nearly 400 billion for the next two years. You funds the government through march 23rd and includes money for Disaster Relief, a four your extension of the Child Health Insurance program. It does not include a d. A. C. A. Fix or anything related to Border Security. The program that protects immigrants who are about to the u. S. Legally illegally as children expires march 5. Senate Majority Leader Mitch Mcconnell promised to allow debate on d. A. C. A. If the governmen
Of the committee resumes its meaning for the purpose of consider the budget resolution for fiscal year 2018. In ordering it reported. A business corpus present. I will forgo an Opening Statement but want to point out we will begin the consideration of amendments. I like to remind senators that as a result of using the new five day rule in which the resolution was provided to the offices last week, only timely filed amendments will be ordered. I want to thank both for following that court rule. Thank you for your cooperation forgiving. Members will be recognized for three minutes to explain the amendment, a member post will be given to minutes in opposition. When we have decided on the time will have one minute evenly divided prior to the votes. As has been the practice all amendments other than complete substitutes have to be fully offset over the total years. Amendments we know they are no senate amendments. Its considered to be a privilege matter we consulted on amendments offered to
I will remind the committee that as a result of the new five day rule, which was provided last week, only timely filed amendments will be in order. I want to thank both sides of the aisle for following that rule. I want to thank everybody for their operation for getting to this point. Members will be recognized for three minutes to explain their amendment. A member of post will be given two minutes in opposition. Decided,n we have there will be an additional minute just prior to those votes. As has been the practice of prior chairs, all amendments, other than complete substitutes, have to be offset over the years covered by the current budget resolution. Senate amendments will not be permitted. We know there are not any of those. We have consulted with the Senate Parliamentarian about amendments offered to make sure they do not risk status endangered to the resolution. Amendment would fund the resolution, i will will it out of order. Whenrs will be present votes take place in order for
[inaudible] will get started here. Welcome. Im pe peter and i think you all for coming today. This is entitled the homestretch for major tax reform. We crossed a hurdle today and house as they agreed to the Senate Budget proposal which paves the way for reconciliation for tax reform package. The Cato Institute released the eighth edition for our recommendations begin on page 45. Therefore the chapters that deal with fiscal policy. Mark copies please contact me. You can also go to cato. Org. Ryan born occupies the chair. Hes written on Economic Issues including fiscal policy, minimum wages and rent control. Before joining us he was head of Public Policy at the institute of economic affairs. He has extensive broadcast and print media experience and has appeared on bbc news and he also writes weekly columns for both the Daily Telegraph and the london paper. We will leave time at the end for q a. All have a short announcement before he leaves. But for now lets welcome brian form. [applause
Bus 50 capitols tour with wendy davis and Texas Republican Party chair james dickey. Hell be our guest on board the bus. Be sure to watch cspans washington journal live at 7 00 eastern wednesday morning join the discuss. The tax reform discussion proposal is expected to be released wednesday morning. Next, the Cato Institute hosts a discussion on the prospects for the tax reform agenda. Panelists include americans for tax reform president Grover Norquist, American Enterprise Institute Fellow alex brill, and Cato Institute tax policies studies reported Chris Edwards. This is an hour. All righty. I think were going get started here. I want to welcome you all today. Im peter russo, the director of Congressional Affairs at the Cato Institute. And i want to thank you all for coming today. This is a capitol Hill Briefing entitled the home stretch for a major tax reform. And of course we crossed a big hurdle today in the house as they agreed to the Senate Budget proposal which of course paves