Faa and create a new organization. Schuster has been working hard to what the vote. That it doesnt have the vote. This is the Second Time Around this week. They took up a version of this bill and monday. On monday. They do in procedure under the spansion of the rules. Under the suspension of the rules. They had to go back to the rules committee. It takes a bit longer. They have the votes to pass this bill. There is tax relief in this bill for victims of the hurricanes, harvey, irma, and maria. Why are those included in this faa bill . What would they offer . Offer myd understanding is part of it would be to allow people to withdraw money from with rid from with from retirement accounts taxfree or with a lower tax than usual. Usually, you are penalized pretty hard for doing that. It was added into the bill a must this was seen as pass vehicle. It has to get out of the congress this week. The faa authorization expires friday. This is an emergency measure and they had to get it out very w
Senator schumer and Senate Finance Committee Ranking member ron wydan talked about their concerns at a news conference. This is 25 minutes. Senator schumer ok. Good afternoon. Yes, it is afternoon. I want to thank our great Ranking Member of the finance committee, senator wyden, for being here with us today. Well, theres a lot to uncap in this outline. Lets get right to it. For the last several months we democrats have been united in arguing that not one penny of tax relief should go to the top 1 . That any tax reform plan should be fiscally responsible. So as not to put important programs like medicare at risk. Under this plan, the wealthiest americans and wealthiest corporations make out like bandits while middle class americans are left holding the bag. When donald trump was talking about this plan over the last few days, he talked about focusing on the middle class and not helping the wealthy. The plan is a major disappointment because it so deviates from everything the president s
Quorum call during this. Id note the absence of a quorum. The presiding officer the clerk will call the roll. Quorum call quorum call mr. Durbin mr. President , i come to the floor to discuss the republican tax reform plan and what impact it will have on the Fiscal Health of our nation, but especially the impact it will have on working families across the United States and in my home state of illinois. Ive represented illinois and congress both as a house member and a senator for a number of years. Im proud to say that during my career i have not shied away from tackling big issues, maybe one of the toughest assignments ive ever had was in 2010 president obama created commission on fiscal responsibility and reform known as the Simpson Bowles commission. I was one of 18 democrats and republicans given the responsibility to balance americas budget and reform our Spending Program and our tax code. This is no small task, but it was an important one. We spent month after month in bipartisan
FIRST ON FOX: A coalition of 25 Senate Republicans joined by Sen. Joe Manchin, D-W.Va., are introducing legislation to block the Biden administration from…