This is a very important and special moment for our country, for all americans. Are we going to let the defenders of the status quo win and see our country continue down this downward spiral or are we going to realize the promise of our country, revitalize the american idea . This is our chance to make sure that generations to come dont just get by, they get ahead in this country. Let me turn this over to the person who has led this effort. I am so proud of this man and this committee in this room. I want to turn it over the chairman of the ways and Means Committee and thank all the members of that committee for bringing us to where we are and getting us to this point. Ladies and gentlemen, the leader of this moment, kevin brady, chairman of the ways and Means Committee. Hear, hear. Thank you, mr. Speaker. Thank you, the American Families standing with us today and thank you, as well, the ways and Means Committee members who have been listening and traveling across this country for this historic day. This is an exciting day and i think we all feel the excitement in this room and in this country. I know the American People have got to be excited as well. Real relief from todays complex costly, and unfair tax code is on the way. With this bill, theres relief for real American Families. Theres relief for american workers, and theres tax relief for our hardworking job creators of all size. And with this bill, we will grow our economy by delivering more jobs, fair taxes, and bigger paychecks to americans of all walks of life. Thats especially true for low and middleincome americans who are just sick of todays broken tax code, its impact on their jobs, their lives, and their paychecks. Under the tax cuts and jobs act, thats going to change. And its going to change right now. For middleincome family of four making 59,000 a year, as the peeker said, this bill delivers tax cut of nearly 1,200. For that main street business making 62,000 a year working day and night and weekends, a tax cut of over 3,000 for that mainstream business. Thats your money. You earned it. You should be be able to use it for whatever you want. Thats what this bill will do and why tax cut and jobs act has President Trumps full support. This is america. This is our opportunity to make tax reform a reality to deliver the most transformational tax cut in a generation. So lets not let washingtons special interest, the tv pundits or the pessimists fool you. None of them thought wed even get this far with tax reform, and theyre wrong. Now working together with President Trump, our colleagues in the house and senate and you, the American People, were going to prove them wrong once and for all by getting pro growth tax reform to the president s december this can year. Thank you. Thank you, chairman. We are going to make america broom. Were talk about 1182 in your pocket. Think about the holidays around the corner, what that means in your life. As i travel arnold, visiting towns and communities and just recent i li in North Carolina and michigan, you think about 1,182 for someone whos living paycheck to paycheck, someone in kettle falls, thats making a big difference. Or families like deed cooks from sterling heights, michigan. Maybe they can put a little more money towards their mortgage or victor, hes a Restaurant Owner in michigan, and he says, quote, we pay our taxes first, we pay our people second, we pay our bills third and if anythings left over we get paid. Our plan is going to help people like victor. Our plan also means more peace of mind, to spend more time with your kids or maybe your aging parents or maybe just hang out with your friends. Our plan is pro family and pro Economic Growth because we value hard work and family. So if were going to have a tax code that puts Families First i think we also need to recognize that todays working American Family has really changed since our tax cold was last reformed. With that comes big change for the realities that our families face every day. For one, women today are making history in the workforce. Two out of three businesses are being started by women. This means a lot of things. It includes an increase of working moms like some that are represented here today. We, too, are is faces of tax reform. Thats why im pleased that our plan includes the expansion of the Child Tax Credit, a Family Credit that will help families have more money in their pocketbooks. Pro family, pro growth. Thats what this plan is all about, so that you can plan for your future, realize your fullest potential, and empower American Families to start dreaming again. And to see how text tax reform to 50589. Well, this is an important day and i hope you understand the significance of it. For every member this could really become the most significant bill they ever make a decision in their term in congress. More than three decades for the last time we had tax reform this size. American public has been asking for it. I think its a little iron that i can today is the seventh anniversary of republicans being elected to the majority in the house and then moving to the senate and now we have a president who has pushed to make sure hardworking americans get to keep more of what they earn. Three major points i want to make. When i was 20 years old i started my first small business. Small business creates more jobs than any other thing in america. In this bill, theyll get lower taxes, go to 25 , the lowest its been in 40 years. More small businesses, more jobs. Second, every single american is going to chemomore keep more of earn. The single american, when you talk about a standard deduction, instead of the first 6,000 you earn tax free, its 12,000. Families and couples, the first 24,000 you earn, tax free. You get to keep it. You get to determine whats best to invest. Were going to bring the money thats sitting overseas back to invest in american businesses. Even before this bill goes into effect, i believe youre going to hear from businesses saying they want to come back to america. The cornerstone of what ways and means, what President Trump has work sod hard about at the end of the day is that middleclass family able to get more. As you heard from every other speaker up here. Almost 1,200 in your pocket. Thats the difference. This is about tax cuts. This is about america first. And this is about the future. Not only will america grow, well show the rest of the world how to lead. I want to introduce one of those individuals who got elected seven years ago, who became a leader on ways and means and has really shown the direction of so much in this bill, christy nolan. Thank you, mr. Leader. Sometime ago i was Grocery Shopping about 11 00 at night in south dakota and woman came down the aisle towards me and she had her handful of coupon, her cart full of generic food and she said, christy, when is it going to get better . She said Health Care Costs have gone up, my electricity has gone up, i had to car pool into town tonight to go to work and im waiting for my friend to give me a ride home, but that means i missed my sons basketball game and my daughters doctor appointment. Whgs it going to get better . I havent had a raise in years. Today this bill i know is going to bring relief to her and help things get better. She was on the forefront of my mind while we were working on the details for this package, the lower rates for everybody, the similar lis ti, the Mortgage Interest Rate deduction, the family tax credit. I hope you understand how much its been expanded to not just take into account a Child Tax Credit but add benefits for elderly dependents who may be living in the home, children living at home going to college and proid vooing relief for those families struggling. Also starting january their paychecks will be bigger and that will make a huge difference for them. I became passionate abtax reform years ago and it was because when i was going to college my dad was killed in an accident on our family farm. He was 49 years old. He was my hero and my entire life all i wanted to do was to grow up and farm with him. When he was killed about a month later we got a bill in the mail from the irs that said we owed death taxes. Now, we hald land, we had cattle, we had machinery, but we didnt have any money in the bank and i could not believe the federal government would come to a family that had already paid taxes on all that income and say because you had a tragedy now you have to pay again. We took out a loan but it took us ten years to pay off that loan. And it was very difficult for us to keep our family operation. If we had had a gas station or a grocery store, the only option that would have been available to us would have been to sell that Family Business to pay those taxes. So i ran for the state legislature. I ran for congress on a lot of issues, but repealing the death tax is incredibly important to me because its the most unfair tax in our tax code. Its a double tax, and if were going to really get back to a tax code that helps people and doesnt harm them, thats fair, that doesnt have special provisions or penalties, by us picking winners and losers, then we have to repeal the death tax. So im excited about the provisions in this bill and what it does for people in all walks of life but its focused on bringing relief to low and middleincome individuals and also focusing on Interest Deductibility for farms and ranches across the state and other provisions that will allow them to expense and bring down their rates while theyre being successful and helping our economy grow again. This is a unique opportunity for me, its a unique opportunity for you, and its a wonderful opportunity for our country, and im thrilled to be a part of it. This is an excite daigh for American Families tired of paying too much in taxes, who are fed up with the tax code thats so complicated that if you call ten different irs agents youre going to get ten different answers. People are fed up with an economy thats not growing, where they see their wages stagnant. And the good news is that changes today with this tax cut plan that finally putts money back in the pockets of working families. The you look at what was done here, chairman brady and his committee on ways and means have worked incredibly hard to make sure that hardworking families are going the get more of their paychecks, theyre going to be able to keep more money. Youll see wages grow by getting our economy back on track. Every time i see a Company Moving jobs overseas it makes me angry. Now, we can be angry, we can be mad, but today we do something about it by changing the tax code we actually bring those jobs back to america. Youre going to see tens of thousands of highpaying jobs come back to america because right now americas dead last in the industrialized world because we have the highest tax rate. That needs to change. Lets make america competitive again. Thats what our bill does. And by making america competitive again, we have an opportunity to rebuild the middle class, to bring good jobs back to america and to grow our economy. And just like these families behind me, they want to see more money in their pockets. They deserve to have more shots at the American Dream. Youre going to see more people have real opportunity and have a real chance to get their piece of the American Dream by having more money in their pockets and by seeing things like the death tax eliminated, just like christy talked about. This is an exciting day not only because were standing here today as republicans in the house moving forward but President Trump is standing with us. President trump campaigned on doing this exact same thing, of putting money back in the pockets of hardworking families and to make sure we can rebuild our middle class and get our economy back on track. So its exciting to be working with President Trump to do something thats truly going to grow our economy and give more people their chance to have their piece of the American Dream. Id like to turn it over the biter ros kin, whos been a leader on the ways and Means Committee and helping make sure we can simplify this tax code so much that you can actually fill out over 90 of americans, will be able to fill out their taxes on a postcard. Thats what similar liles ti mean, not only having more money in your pocket but being able to do this. Peter. Well, thank you, mr. Whip. You new jersey nethat the child becoming impatient with tax reform. Walked out a couple minutes apg. Became table pounder, get me this action now. Were directly attacking the status quo. The status quo of the tax code, the status quo of the Internal Revenue code is the problem. I wants the few that benefit under the status quo. Its everybody else that basically feels crushed by this and overwhelmed by this and we act as if historically this is a natural disast theyre we cant do anything about. I wants not a natural disaster. The Internal Revenue code is a statue. Tsms created by congress and it can be changed by congress. And what you sense right now, the optimism here on this podium, the sense of forward lookingness across the American Public is people are longing for something that gives them relief. Theyre longing for something that will bring back sort of the competitive nature. Look, theres two views of the economy that are competing for the affections of the American People right now. One view is wrong. Its the zerosum game view of the economy. It says that somebody is successful that comes at someone elses demise. We reject that wholeheartedly. The other view says no, no, no when with people are successful, it inures a benefit to everybody. Were sensitive to to making sure everyone can participate and that added structure, these changes that we are proposing are transformational for everyone. So i think what we need to do now is to be diligent, to be convincing, to be invitational, and recognize that opportunities like this are few and far between. And so i want to thank our speaker and our Leadership Team and chairman brady especially for being tenacious and being willing to listen to changes and hear criticisms and critiques but ultimately to be incredibly disciplined and persevering to make sure that we have the opportunity to determine our future. First, i have to say these kids are behaving better than my kids do at church. Fantastic job, guys. Any questions . Kevin, come on up here. Yeah. Seems like you guys worked hard last night to make sure you can make the corporate rate deduction permanent while Family Credit and individuals are temporary. So we are focused on increasing paychecks in a major way, waenld know tand we know t who struggle the most have seen their paychecks leave for other countries, so we drove toward a 20 rate so our local businesses with compete and win anywhere in the world, especially here at home, so they can compete and create jobs, competing in china, europe, canada, and mexico and create jobs here in america as well. It was critically important. The rest of the world understand. Were not going to be the doormat any longer. Were not going to stand still for 30 years as they leave nuss the dust. Were going to compete and were going to win and our jobs and pay cuts for the middle class families are going to grow. And so permanence for businesses, permanence for families matter. We did create in this new Family Credit, which i think you ought to take a close look at. Look at our naub r neighboreigh getting more help with their child, getting more help for themselves and that college kid, and i of got one at home, you know, or that parent coming back to live, and the most important thing about that Family Credit, it doubles the amount of americans who can finally get help from their kids. This is a Family Friendly tax code. And so im very excited about what this brings the middle class of america and i think permanence and search ti dridri that growth. Can you talk about the political will for republicans to compromise among themselves to move forward compared to what we saw with the Health Care Bill . That was a bit messier. And secondarily, for years you and other republicans have argued that all americans that pay taxes and work should get a tax cut, but with some to have elements of this bill and where your rhetorical focus today is clearly on people in a certain position in the income scale and its steered away from the sort of argument you have with democrats over the past 10 to 20 years and certainly under obama. Can you talk about that . First off, the political will is strong and you can see it right here. We have not reformed the tax code since 1986. The world is passing this country by, and were losing jobs and companies as a result of it. So the political will among the members here in the house as shown by the members of the ways and Means Committee is ironclad to get this done because if we dont get do this, we will not goat the kind of economic potential we know we can reach. The fact that people in this country are living paycheck to paycheck, they need a break. The focus is on middleclass tax relief and directing that relief to the people in the middle and trying to get there. Theiss why we put our emphasis on that tax relief for those people in the middle, working paycheck to paycheck, striving to get ahead. What kevin just s