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Lawmakers expect today begin debate on tax treaties with switzerland and luxembourg and live nominations. Live to the floor of the u. S. Senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate with prayer. The chaplain let us pray. Mighty god, hear our prayers. Search our hearts and know our thoughts. Keep our lawmakers on your path, inspiring them to walk with integrity. Hear and answer their prayers, saving them with your might. Lord, preserve our senators as the apple of your eye, ordering their steps and bringing them to your desired destination. We love you, lord, for you are our strength. And, lord, we thank you for the life and service of retired Supreme CourtJustice John Paul stevens. We pray in your great name. Amen. The presiding officer please join me in reciting the pledge of allegiance to th ....
Vote the presiding officer have all senators voted . Any senator wish to change their vote . On this vote the yeas are 95. The nays are 2. Twothirds of the senators voting having voted in the affirmative the resolution of the ratification is agreed to. The majority leader of the senate. Mr. Mcconnell the senate is not in order. The presiding officer the majority leader of the senate. Mr. Mcconnell the democratic leader and i want to take a few minutes here to point out to everyone that our colleague, the senior senator from vermont, just cast a truly historic vote. Of course the tax treaties are significant, but im talking about the fact that senator leahy just cast his 16,000th vote of his senate career. We know of no single statistic that can begin to capture such tenure, but this figure comes close. 16,000 votes cast for his constituents. With numbers like that, senator leahy has already left towering figures like our late colleagues ted stevens and ted kennedy in the dust. Now hes ....
Usmca that might come as a result of these negotiations that can improve the outcome of American Workers im happy to consider. Its important to remember that usmca is better than nafta by nearly every standard, including labor and environment. So i hope discussions between House Democrats and ambassador lighthizer is an exercise in getting to the yes that i feel Speaker Pelosi wants to get to. One particular area where everyone can agree is that enforcement across the board is a key compromise that must be hammered out. Factors outside of farmers hands such as an oversupply of grain in the global market, an unusually wet spring across the midwest, and natural disasters like flooding have all contributed to increased uncertainty and less profitability for farmers and leading to anxiety among those same farmers. Passing ....
Equally the other Member States lack those protections as well. If we then come on to our cfc rules, we revamp our cfc rules broadly at the same time we much to a much more territorial system of tax. That slide gives a very broad summary of the old rules and the new rules. I think two key points about the old rules, they contained a quite strong presumption that activity should be in the uk if it could be, if you like. So therefore, there was a tendency for there to be a pull into the uk. If you moved activity from country x to country whyy, there might be a question why hadnt you moved it into the uk or where wasnt it in the uk in the first place. So that impact on foreign to foreign transactions was particularly crucial and prar particularly difficult for many businesses to handle. I think another key difference is the current rules are more proportionate proportionate. Under the old rules, you could in some circumstances have qu ....