Or so. Round two of celebrations in washington. In a moment the president takes lis victory lap for tax cuts he is calling so large, so meaningful. Republicans gathering at the white house after being bused in from capitol hill. Passing the bill a second time because of an awkward procedural fumble and ready to call this a win. Democrats say todays gavel strike will haunt republicans come 2018. What is in this bill . Corporations will see a dramatic permanent tax cut, individuals could see cuts, but those will expire in 2025. Those of you who benefit from a deduction on state and local, income or sales tax otherwise known at s. A. L. T. , get ready for a significant cap on that deduction and this bill ends obamacare cares individual mandate meaning in the next ten years well see millions more uninsured americans and higher premiums. Lets start, though, at the white house with nbc news peter alexander. I understand this is salve to start. What were looking at right now . Reporter hearing them trow the president alongside the Vice President and republican leaders. You hear the clapping. It feels like a holiday party. Something we havent seen in this entire 11 months the president s been in office. Hug, handshakes, high fives. The president will take the podium. Nothing is happening. Not signing the bill. Just celebrating it. The president surrounded by the people who have been critics including senators dean heller, bob corker, behind the president as well. Expected to start moments from now. The actual signing may not happen until early next year, perhaps next week in maralago. Youve heard of the 12 days of christmas. Theyll stretch this out as long as they can. Peter, the president of the United States walking up to the poeds y podium. Lets listen in as the president shakes hands, congratulates some people. Those are the reminiscent of the day that obamacare first passed in the house. A celebration, although it was a summer day and there was beer around, but it is members of congress, republican members of congress gathered around white house staff, a number of executive member members of the executive branch in the audience. The press behind them. Were not sure this going to become a q a, the frpresident i some distance from the reporters and may not have a conversation with them if he chooses to. Right now the president is celebrating this one legislative victory hes been waiting for. Lets live in. Thank you very much. These are the people right behind me that worked so long, so hard. Its been an amazing experience, i have to tell you. Hasnt been done in 34 years, but actually, really hasnt been done. Because we broke every record. Its the largest i always say the most matti ivmassive bute largest tax cut in the history of our country and reform. But, tax cut. Really something special, and i noticed, this just came out two minutes ago. They handed it to me. At t plans to increase u. S. Capital spending 1 billion and provide 1,000 special bonus to more than 200,000 u. S. Employees and thats because of what we did. So thats pretty good. Thats pretty good. And i have a whole list of accomplishments that the group behind me have done in terms of this administration and this congress, but youve heard it before. Records all over the place, and that will continue, and then some, because of what we did, but 3. 2 trillion, just think of it. In tax cuts for American Families including doubling the standard deduction and doubling the Child Tax Credit. The typical family of four earning 75,000 will see an income tax cut of more than 2,000. Theyre going to have 2,000. And thats, in my opinion, going to be less than the average. Youre going to have say ta lot than that. One thing it very important for the farmers, the great farmers and the great Small Business owners that were forced to sell their businesses at Bargain Basement numbers. We have provided for the most part a state tax wiped out so they can keep their farms in the family. That to me is a very big factor. Very big. This is this is going to Mean Companies are going to be coming back. You know, i campaigned on the fact that were not going to lose our companies anymore. Theyre going to stay in our country. And theyre going to stay in our country and youve been seeing whats been happening even at this prospect. But they have tremendous enthusiasm right now in this country, and we have companies pouring back into our country, and that means jobs, and it means, really, the formation of new, young, beautiful, strong companies. So thats going to be very, very important. The passthroughs you know all about and the Small Businesses are going to be big beneficiaries. We are going to bring at least 4 trillion back into this it country. Money that was frozen overseas and in parts of the world and some dont even like us, and they had the money. Well, theyre not going to have the money long. And so its its really [ applause ] i guess its very simple. When you think you havent heard this expression, but we are making America Great again. You havent heard that. Have you . [ applause ] i want to i want to have them get up and get the glamour and the glory, and i just want to have a few of them come up and theyll speak for a little while, short. The shorter the better. That way we can get all of you. Get everybody up. Right . But i want to thank Mitch Mcconnell. I want to what a job. What a job. [ applause ] and i want to thank paul. Yeah going to speak. Say a few words. But paul ryan and mitch, a little team. We just got together and we worked very hard. Didnt we . Huh . It seems like it was a lot of fun. Its always a lot of fun when you win. If you work hard and lose, thats not acceptable, but im going to name a few names and then some will come up, but people that i saw oh much over the last month, and, really, over the last almost year, because when you think of it, we havent even been a year, and we did the largest tax cut in our history. We i late to say this, but we essentially repealed obamacare, because we get rid of the individual mandate which was terrible. [ applause ] and that was a primary source of funding of obamacare. And anwar. So a friend of mine oh, congratulations. And dan wheres dan . Right behind you no. And don, too thank you. So ill tell you. Between dan and don and lisa, youve done a very great job. So a friend of mine called up an anwar. He said, you didnt get anwar . I said tell me about anwar. Weve been trying to get that passed, the whole country, the world. Tried in ronald reagan. Tried with the bushes, tried with everybody. Pe they never got it, but we got it in this bill. We have anwar, mandate and the tax cut and the reform. I mean, when you add up the size of this bim its really great. So lisa, thank you very much. Lisa murkowski. So john cornyn, the great chairman orrin hatch. Great job, orrin. Wow, orrin is is a special person. Tim scott, incredible. Hes going to say a few words. [ applause ] hes younger than i am. [ laughter ] i have it mostly memorized, but tim scott has been great. John thune. Wheres john . John. John. [ applause ] great job, john. Rob portman, a real student of the tax world. Rob, thank you very much. I want to thank i said hello to john cornyn. Pat toomey. We rode together in pennsylvania, but, pat, wheres pat . Pat . Great job. He knows his business. Susan collins we want to thank. Susans around someplace. Susan. Thank you, susan. All friends. I mean, i look at these people. Its like were warriors together. Chrissy nome in the house and die an blaane black. Our great speaker, paul ryan, and he is a great speaker. [ applause ] great job. Kevin mccarthy. [ applause ] kevin what a job, kevin. We had fun. Didnt we have a good time . Steve scalise, hes braver than all of us. Hes braver. Where is he . [ applause ] ah, boy, i dont know. He had a he had a rougher year than most of us, but a hell of a way to lose weight. You said you lost weight. We love you, steve. Great job. Great job. Kevin brady. Kevin. [ applause ] kevin brady. So maybe what ill do is and by the way, i mentioned at t, but Many Companies have come forward in saying theyre so happy and theyre going to be doing similar announcement. Were going to see something thats going to be very special. Bringing the entrepreneur back into the country, getting rid of all the knots and ties and youre going to see what happens and ultimately what does it mean . It means jobs. Jobs, jobs, jobs. So its going to be really a very special period of time. Were in a very special period of time, and its goings to be even more so. I want to thank everybody behind me. Maybe i could start with mitch and then go to paul, and then were going to have a few folks come up and say a few words and well have a little fun. Okay . Much, how about you start it . [ applause ] well, let me just say, mr. President , you made the case for the tax bill, but this has been a year of extraordinary accomplishments for the trump administration. [ applause ] weve cemented the Supreme Court right of center for a generation. [ cheers and applause ] mr. President , thanks to your nominees weve put 12 Circuit Court judges in place. The most since the Circuit Court system was established in 1891. You hold the record. Youve ended the overregulation of the American Economy, and that coupled with what we did last night and what the house finished this morning means america is going to start growing again. Thank you, mr. President , for all youre doing. [ applause ] first of all, what this represents is a promise that each and every one of us made to the American People last year is a promise that is kept today. [ applause ] something this big, something this generational, something this profound could not have been done without exquisite president ial leadership. Mr. President , thank you for getting us over the finish line. Thank you for getting us where we are. I just want to quickly say, such a team effort from everybody. I want to thank gary cohen and Steve Mnuchin from the president s Economic Team for what they did to get us here. I want to thank my partner Mitch Mcconnell over in the senate for getting us to where we are and thank these two chairman, orrin hatch and kevin brady. Thank you so much for your leadership on this. [ applause ] it is really simple. The message to the Hardworking Taxpayers of america is your tax relief is on its way nap is whats happening here. The message to the families in america who have been struggling paycheck to paycheck, your tax rates are going down and your paychecks are going up. This is the kind of relief that americans deserve. This is the kind of tax reform and tax cuts that get our economy growing to reach its potential. This gets us better wages, bigger paychecks, a simpler tax system. This gets the American Economy competitive in the global economy. This is one of the most important things we could do for all of the people we represent. This is generational and were see excited that we are going to launch next year this fantastic tax reform so that the American People can see how we can truly reach our Economic Growth and our economic potential, and if it werent for all of the leadership of the men and women up here, this would not have been made possible. Lastly, i just want to thank the American People. I want to thank the American People for putting their trust in us, for giving us this chance and this ability to make this moment possible. Thank you very much. [ cheers and applause ] thank you. A man whos been working very hard. Thank you, paul. Very, very hard for a long period of time, and last night was very much a culmination, but i dont know if well have bigger moments, but we hope to. Were going to try. A very special guy, and great friend of mine, Vice President mike pence. [ applause ] well, thank you, mr. President. Thank you for those kind words, but more importantly, thank you for your leadership. Thank you for your boundless faith in the American People. And thank you for keeping your promise to see this Congress Deliver the largest tax cut in American History before christmas of this year. Merry christmas, america. [ applause ] the members of our cabinet, leader mcconnell, speaker ryan, all of these members of congress, thank you. Thank you not only for being here today for this special moment but thank you for your leadership and support throughout this year. I truly do believe, mr. President , that this will be remembered as a Pivotal Moment in the life of our nation. A day when the congress answered your call and made history, but honestly, i would say to the American People, President Trump has been making history since the first day of this administration. Hes been rebuilding our military, standing with our veterans and just last week President Trump signed one of the Largest Investments in our National Defense since the days of ronald reagan. Weve been defending our borders, upholding the rule of law. Illegal crossings on our southern border are down by more than 50 . And President Trump has been restoring american credibility on the world stage. Standing with our allies and standing up to our enemies. As the president reflected earlier today our nato allies are paying more towards common defense. North korea more isolated than ever before. This president s put iran on notice and put the war on afghanistan on a path to victory. And thanks to the leadership of this commander in chief, and the courage of our armed forces, isis is on the run. Their capital has fallen, and their socalled caliphate has crumbled across syria and iraq. [ applause ] but what brings us here today is that President Trump also knows that american strength starts with a growing American Economy. From the first day of this administration, this president championed free and fair trade. He rolled back federal red tape at record levels. Weve unleashed American Energy and today mr. President , you fulfilled the promise you made to millions of americans struggling in this economy. To cut taxes across the board. For working families and businesses large and small. In august of this year the president laid out his vision for a tax dhacut that would be middleclass miracle, and thats exactly what the Congress Passed today. [ applause ] this tax cut will put more money in the pockets of the American People. It will make our tax code more simple, more fair, more easy to understand, it will make businesses across america more competitive to create good paying jobs and raise wages for working americans. I can tell you i serve with him every day. President donald trump is a man of his word. Hes a man of action. And with the strong support of these members of congress, President Donald Trump delivered a great victory for the American People. [ applause ] we made History Today. But as the president said when we gathered this morning a few of us, with a few less hours sleep than usual, were just getting started. And i can assure you, this president , this entire administration will not rest and relent until the forgotten men and women of america are forgotten no more. So thank you, mr. President. Thank you for your leadership. Thank you for your love for this country and the people of this country, and i know in my heart with the strong continued support of the members of congress who are gathered on these steps and with gods help you will make America Great again. [ applause ] thank you, mike, very much. A friend of mine. A very, very special man, tim scott. Tim, id like you to say a few words. He came in and he would solve some problems that we werent looking too good a couple of times, and tim was really, really a tremendous help. Thank you, tim. Well, mr. President , during one of those conversations we had, we talked about ways to improve distressed communities throughout this country. 52 million americans living in distressed communities and we talked about legislation that can move those communities forward, and you said, yes. And as a part of this tax reform package, the investing and opportunity act has been included which will bring trillions of dollars into poor communities, because of your willingness to listen. [ applause ] the president said i only have about 45 minutes so im going to get to my oh. He didnt say that. Okay. Got it. Let me just say to those americans who are watching this process, this is not about washington. Its not about the left. Its not about the right. Its about singleparent moms who are looking for a reason to be hopeful in 2018. This tax reform plan delivers for the average single mother a 70 tax cut. For the average family whos working paycheck to paycheck looking for ways to be hopeful about their future. To have an extra night for dinner out at a restaurant, this tax reform package cuts their taxes by nearly 60 . And because of folks like marco rubio and ivanka, which you t b think about the folks with kids in the household, this plan doubles the Child Tax Credit and makes about 70 of it refundable. This is a plan that we can be proud of, because it speaks to the hearts of everyday americans. [ applause ] diane, come on up. Diane black. Thank you. [ applause ] thank you, mr. President , an