Message wouldve been a different one to the business community. Would have been yes we are negotiating ploy might have the dl, yes there will be a deal, but dont cross these lines because this is whats going to happen. Instead, the examples given in the precedents that were in the opposite direction. The message was sanctions or is till in the law books but we are not going to implement them which is why Companies Feel comfortable even though they are so five, six months into implementation they go through the breach. The Swiss Parliament by the way feels the same way. Switzerland maybe not the biggest Global Player but it had a fruitful trade relations and a lot of the phone companies they were running to circumvent oil sanctions, procurement sanctions, to lg sanctions lifted all of its sanctions. They abolished it. They are not waiting for congress. They are not waiting for implementation. Even if you can treat sanctions as a yellow light, not a red light anymore, it is not the yello
Test of the microphone. Today, the first and oldest committee in congress, the committee on ways and means, begins consideration of the tax cuts and jobs act. Historic legislation to bring lasting tax relief to workers, to families, and to our job creators throughout this nation. Before we begin, we all recognize the terrible tragedy, the shooting at First Baptist church in sutherland springs, texas. All our hearts are heavy. Our prayers go out to the families and the loved ones, the t 26 victims as well as the ten texans fighting for their lives as we convene today. Our prayers are with you. It has been more than three decades since americas tax code was reformed under president Ronald Reagan. It was the most sweeping overhaul in american history. Today, we face a monumental challenge of our own, coming together to fix a tax code that has become just as broken, complex, and unfair as the one Ronald Reagan and congress overhauled in 1986. Our journey to a tax code built for the growth
Baptist church in texas. Our hearts are heavy. Our prayers go out to the families and loved ones and the 26 victims as well as the ten texans fighting for their lives as we convene today. Our prayers are with you. Itd has been more than three decades since americas tax code was reformed under president ronald reagan. It does break enand complex and unfavor as the one they overhauled in 1986. Our journey to a tax code built for the growth of jobs and paychecks that leap frogs america back into the lead worldwide has been a long one. Our committee is dedicated a substantial amount of time, energy, and work in the pursuit of one landmark goal, delivering comprehensive tax reform to the American People. Weve held over 40 hearings on nearly every aspect of our tax law, the helpful, harmful, and horrendous. We had three Different Committee chairmans. And over this time, we have engaged in substantive discussion with nearly 60 Different Committee members, republicans and democrats, men and wo
Im happy to follow the gentleman from South Carolina who just wants to make sure that were a thriving economy. This bill, this provision, takes money away from taxpayers in many states. And i happen to be a representative from one of those states. The gentleman from South Carolina, he represents a state that gets 1. 92 back from the federal government for every dollar they send to the federal government. And the idea that he would want to get even more at the expense of other states, i find a little offensive. Maybe folks there should just pay their fair share. I would also like to ask unanimous consent to have placed in the record this analysis from americans against double taxation, and they state that the congressional tax plan finds that many middleclass homeowners will see their taxes go up as much as 6,167 next year, and then rise another 600 once the Family Flexibility credit expires at the end of 2022. Without objection, so ordered. It says that the increases will not only hit
Friend from california said this amendment kills this bill, doesnt kill anything. The only thing it does assess look at it on the road if its not working, will stop it. Whatever we all like to be able to stop it if its not working . This is a prime opportunity to be able to stop and fix it. He also said the difference between those of us on the side and those on the other side is on the side, we believe this is legislation that will work. Its Important Committee and we have smart people here. We dont have to rely on what we believe, we can get the data, we can get the facts, when get the true facts and base our arguments and legislation in good, solid data. If you do that theres some things you can glean from this. This bill is 2. 3 trillion to the national debt. If this happens it will hurt the local government, and the people that we represent. Well have to come back and look at cuts from infrastructure, crime, opiates, to medicare. That doesnt help anybody that we represent. The fac