Remember that your purposes will prevail and that your justice cannot be thwarted. Answer the prayers of our senators as they daily seek your wisdom, guidance, and protection. Lord, sustain them with your unfailing love, rescuing them from the Destructive Forces that go contrary to your will. Instruct our legislators even in the night seasons, so that your will may be done on earth even as it is done in heaven. We pray in your great name. Do for them exceedingly, abundantly above all that they can ask or imagine according to your power working in and through them. We pray in your great 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 america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell mr. President. The presiding officer the majority leader. Mr. Mcconnell the senate, as i said yesterday, has a full
Provider. Sunday night at 8 00 eastern on cspan q and a. Yesterday in a partyline vote the senate answered the budget resolutions that makes way for republicans to introduce a tax reform package. Senator mike kinsey, chair of the Budget Committee and senator bernie sanders, the Ranking Member talked about the budget resolution and the republican tax proposal. This is half an hour. Earlier this month the senate Budget Committee took an important first step toward tax reform by approving a fiscal year 2018 budget resolution focused on growing americas economy through tax policies that put more money in the hands of hardworking americans. This week we take the next step and the Senate Begins debating budget blueprint to pursue longoverdue tax relief for families and job creators that will jumpstart Economic Growth. It is crucial that Congress View this fiscal framework to eliminate dated and stifling tax policies that are holding back American Investments in productivity. Budget Committee
Senate republicans passing a 4 trilliondollar budget, clearing way for tax reform but there are still hurdles again. President trump showing the notion that there could be four, possibly five tax brackets in the plan. Come on. More on this in interview with Maria Bartiromo. Among our guests steve forbes, brad blakeman, lieutenantgeneral Thomas Mcinerney and Gregg Jarrett and tmz founder, harvey levin. David what a week of records it has been. S p and nasdaq closing at new record highs as well. Lets go straight to Nicole Petallides on the nyse. Futures showed downward arrow, all red. What happened . The momentum picked up throughout the day. Ge a big laggard came off the lows. Were talking about what happened in washington. The financials climb on top of tabs reform once again. As they move forward, Senate Passed the budget as a step to move all of this forward. Here is look at financials running up on this particular topic. Names such as jpmorgan, bank of america, pnc, hitting new high
Why is the house taking up the Senate Version of the 2018 budget of what are some of the key differences between what the house and senate want to do . By taking of the Senate Version the allowed to skip the conference step. If they just put on exactly what the Senate Passed it does have to go back to the senate as it would if any changes in the house. Or it doesnt go to Conference Committee with the reconcile the differences between the house and Senate Version. Since speaker ryan is very concentrate on getting this done in of the year, skipping those steps just vote on the Senate Version allows him to exercise the process by two or three weeks living on how you count. Host during this budget debate sets up the framework for tax reform, the headline in your bloomberg. Com p says house concert say the tax bill draft is coming within days. You write about some conservatives, republicans being concerned about issues such as the state and local taxes, also in particular about increasing t
They dont have to reconcile the differences between the house and Senate Version. Since Speaker Paul Ryan is concentrated on getting this done by the end of the year, skipping those steps, voting on the Senate Version allows them to the process by two or three weeks. Doing this budget debate sets up the framework for tax reform. State and local taxes, also in particular about increasing the deficit. Is g. O. P leadership doing to address those concerns . And ensuring that the bill asses this week . Thats what House Republicans are going on. They are trusting leadership. Trusting the ways and means to produce the bill and it reflects that framework. There is still plenty to be worked out. State and local tax reduction. State have high local taxes will e able to reduce that. Whatever compromise can be worked out with lawmakers that are concerned. That would be lawmakers from new jersey and new york, california, those kind of states. And there are other provisions as well such as the trea