tv Happening Now FOX News December 21, 2017 8:00am-9:00am PST
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are making america great again. you haven't heard that, have you? [applause] i want to have them get up and get the glamour and the glory. >> john roberts is live on the north lawn. good to see you. >> good morning to you. this is probably the biggest moment of the trump presidency. took him 11 months to the day to get to this point but there was no end of celebration on the south lawn of the white house yesterday. for the president, this was the big promise that he made during the campaign. this was his signature issue. and he finally brought it home. promise made and a promise kept. sometimes a rare thing in washington the president said he believes all things good will flow out of this. it will be a boost to the economy he said. tweeting this morning the massive tax cuts with the fake news media is desperate to write badly about will soon kick in and speak for themselves.
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companies are already making big payments to workers, dems want to raise taxes, hate the big cuts. the president says the corporate tax was the biggest aspect of the deal. he read the announcement from at&t yesterday that it will invest a billion dollars in the united states and give all 200,000 employees a $1,000 bonus and predicted what at&t did is just the tip of the iceberg. listen. >> president trump: we'll see something that will be very special. we're bringing the entrepreneur back into this country. we're getting rid of all the knots and the ties and we're going to -- you'll see what happens. and ultimately what does it mean? it means jobs, jobs, jobs. >> big celebration on the south lawn yesterday. right back to work. the president has to get a spending bill to keep the government open. the bill that is emerging out of the rules committee in the house would keep the government funded through the 19th of january. four weeks this time instead of the regular two weeks. what's unclear at this point is whether or not it will pass.
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it does include waivers to cuts in entitlements to pay for tax reform but in the senate they need nine democrats to sign onto this and we aren't sure at this point if they'll get it. the president tweeting out this morning house democrats want to shut down for the holidays in order to distract from the popular just-passed tax cuts. house republicans, don't let this happen. pass the cr today and keep our government open. short time ago in the driveway sarah huckabee sanders was asked about it and here is what she said. >> we have maintained our position all along is we want a clean bill and that's what we hope happens. we hope it happens soon. we know all of you guys and congress and everybody else is ready to make sure that the government is fully funded and functional and go home and celebrate christmas. >> the white house is optimistic it will get a continuing resolution to continue to fund the
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government: they aren't sure they get the waivers. that net effect would be the president would wait until the first week of january to sign the tax reform bill. but leah, i have to say the president is feeling good about this. so good, in fact, that we're hearing rumors of a possible press conference today. i think there is still working on whether or not it will happen. they haven't made the decision. we should find out soon whether or not it will happen. >> laura: after the big, beautiful tax reform there won't be a shutdown. thank you. >> we made a promise to the american people we would do this if they gave us this opportunity. we made a promise if elected this is what we would do. we're keeping our promise. i as speaker of the house, all the senate republicans, all the house republicans and president elect donald trump, we told the american people this is what you do if you elect us and what we're going to do. guess what? we just did it.
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>> that's house speaker paul ryan patting his gop on the back keeping its word on tax reform. will it translate to victory in the 2018 mid-terms. senator john thune from south dakota. we listened to chuck schumer saying republicans will rue the day they passed this tax bill. what do you have to say to the senate minority leader? >> well, good morning, jon. i think the democrats are really missing the boat on this. it comes down to a fundamental difference in the way they view this issue and the way we view this issue. in the democrats' world the american people send their money to washington, d.c. and bureaucrats get to decide how to spend it. the way we believe it ought to work, we send the money back or allow the american people to keep their money and spend it their own way. this will be a decision for the american people next november obviously and the democrats think they have the upper hand
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here. i think when the american people realize this means more money in their pocket and that their paychecks will be up and their taxes are going to be down, that they will have a very different conclusion than what the democrats in washington have. >> take it down to the microlevel for us. you represent south dakota. what does it mean for the folks of south dakota? >> in south dakota average income there are 55,000 a year. this is a big deal. if you look at it in real terms, a couple of examples, if you're a single parent with one child, $41,000 a year you get a 73% tax cut under current law. family of four with combined annual income of $73,000 a year gets a tax cut of a little over $2,000 which represents almost 60% reduction over what they're paying under current law. that's the real world impact of this and what it means to the people of south dakota and people across the country. when they look at this issue i think they see it differently than the democrats in
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washington, d.c. see it. >> hour fox polls taken just before the senate and house voted on this thing only 30% of americans were in favor of it. don't they understand it or don't they like what's in the bill >> i think they'll like it. when they get that paycheck and look at the deductions in the withholding on that and see they are getting more money in their pocket i think they'll have a very different view of this. there has been a lot of misinformation put out there by democrats. probably helped a little bit by the way the media has presented this. at the end of the day the proof really is in the paycheck. they will be able to see in a very real way the difference that republican majority in the house and senate and a republican president has made in their daily economic lives. i think ultimately that will be the final litmus test on how they view this legislation and what they'll find out, too, john is we delivered on the commitment that we made and the promise we made to them. we would allow them to keep
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more of their own money in their pocket and make decisions for themselves and their families. and i think it's consistent with what republicans who campaigned last fall were saying all along. we'll cut taxes, reform the tax code, make our businesses more competitive. the economy growing at a faster rate and creating better-paying jobs and bigger paychecks and higher wages for american workers. >> the ink is barely dry on this bill and it seems to be having some effect. what do you have to say for some of those companies announcing bonuses and stock buy backs and things like that? >> i think you'll see more of that i've talked to a number of businesses around the country. what you saw at&t and comcast doing. paying bonuses, looking to expand and hire more workers. when you have a competitive labor market and growing economy it means wages will go up. businesses will have to pay their employees more. that's the desired effect of what we're doing with this tax
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reform legislation that the president is going to sign into law. so we're encouraged. we feel really good about the product, the work that was done and we think the effects of it will be long lasting in a way that's very beneficial not only to american families in terms of their own financial and economic standing but also america's place in the world. we'll become more globally competitive. this is a message to the world that america is on the stage and intends to lead again in the 21st century. >> the chair of the republican conference, senator john thune of south dakota. >> andrew mccabe and bruce ohr both talking behind closed doors today on capitol hill. more on what answers lawmakers are looking for from both men plus monuments to two big confederate names come down to cheers in tennessee. a move the mayor says is long overdue there. >> history is being made in
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>> jon: right now two statues honoring confederate icons have been taken down in memphis. the generals of nathan forrest and jefferson davis removed from two parks after the city sold land to the private entity. people cheered as the statues were hauled away. the mayor says the monuments no longer represent who the people of memphis are. >> leah: a pair of key witnesses in the russia investigation are testifying behind closed doors on capitol hill. deputy f.b.i. director andrew
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mccabe is back in front of lawmakers in delivering conflicting testimony while bruce ohr, demoted at the justice department, is answering questions about his contacts with the company behind the anti-trump dossier. something that congressman ron desantis said could reflect poorly on the special counsel investigation. >> you have one of the highest-ranking officials in the obama justice department meeting with opposition people against a reiveal presidential candidate. i think it casts a big cloud over what mueller is now doing. it is not necessarily mueller's fault. it is just the fact this thing was not handled very well. i don't know to this day whether there was really any hard evidence to have been investigating any type of trump/russia collusion. they've been doing it for a year and a half and still no evidence of collusion. >> leah: joining me now is politics editor for the national journal. nice to see you, josh.
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we're hearing so much frustration expressed from lawmakers. one of the big questions and what do you expect them to get answered today. >> the big question is whether there was a conflict of interest. rampant partisanship at the f.b.i. there is a political reason why house republicans in particular are being so aggressive about the conduct at the f.b.i. they want to portray this as a partisan witch hunt. certainly key employees at the f.b.i. have helped the house republican case. peter strzok we've heard a lot about. andrew mccabe, his wife was a democratic candidate in the virginia state legislature. there are a lot of strands that republicans have used to attack the f.b.i.'s credibility. it's had a political impact when you look at the latest national polling. the f.b.i. used to be an institution that republicans viewed extremely favorably. recent nbc poll showed among republicans, the rating is
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significantly down. bob mueller was a republican former attorney general and his approval ratings are down. >> leah: having closed hearings eliminates a lot of the grandstanding you see on the hill. i want to ask you about this. one of the big issues that lawmakers are frustrated about is the timing and some of the answers that andrew mccabe was giving. specifically the timing of when he found out that the steele dossier was funded by the clinton campaign and the dnc. said he couldn't recall. do you think that lawmakers will drill down on that and get real answers? >> they already have. you have a seven hour hearing on tuesday and some inconsistencies that republicans said they found. a lot of it isn't just that but it is also a question of whether the facts in the dossier were accurate and whether he could confirm any of the details that had been since leaked to the media. that was a big question at the hearing as well. there are a lot of questions.
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f.b.i. leaders will have to answer. this is also about politics and republicans are trying to raise questions indirectly towards bob mueller's investigation and if it does get closer to the trump white house they want to raise questions about the f.b.i.'s credibility. >> leah: let's talk about bruce ohr, what are the questions lawmakers will try to get answered? >> he was demoted for having a role in the composition of the dossier. i think the question what facts are true and what facts aren't. there has been a lot of smoke and allegations in the dossier that since leaked. a lot of republicans want to get to the bottom of what is accurate and what wasn't and how they compiled a lot of that information. since ohr was demoted i think a lot of details about his staffing circumstance and his role at the f.b.i. will be coming into question as well. >> leah: you mention that politics is a part of this but it seems as though there are real questions to be answered here. don't you think there is value
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with oversight from congress about the credibility of the f.b.i. as this investigation is going on? >> absolutely. and the proof is ultimately in the pudding. the investigation, the questioning that you are seeing from republicans, hopefully lead to answers and hopefully lead to the public having a greater understanding of what was going on at the f.b.i. at the time. but look, i remember it's 2016 presidential campaign it was democrats accusing the f.b.i. of being politically biased and the democratic party that thought the new york field office of the f.b.i. was trying to push the race for donald trump and against hillary clinton. so whenever you deal with a high-stakes investigation like this politics is a part of it. >> leah: it certainly is. one of the things i want to bring up, a number of lawmakers are calling for mccabe to be fired. congressman gowdy predicted he will be. >> he doesn't have a lot of political capital left at the f.b.i. and trey gowdy seemed to be confident he may be leaving
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in short order. that would not surprise me but we've heard nothing official on what mccabe's future circumstances may be. >> leah: we'll be hoping to hear more about what is happening today and thank you for joining us, josh. >> thanks for having me. >> jon: some new information on a deadly car accident involving tennis sar venus williams. what authorities are saying about possible charges in that case. we've seen tax reform pass the congress, record rally on wall street and major strides against isis this year. the mainstream media generally is focused on negative stories for this president. howie kurtz joins us on why it seems like the media might be coming around giving this president his due. (avo) when you have type 2 diabetes, you manage your a1c, but you also have a higher risk of heart attack or stroke. non-insulin victoza® lowers a1c, and now reduces cardiovascular risk. victoza® lowers my a1c and blood sugar
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>> jon: tennis star venus williams will not face charges in a june accident. it shows williams stop in an intersection to avoid a collision with a car cutting if front of her when another car slams into hers. a passenger in the second car died from his injuries. police initially found williams at fault but now say the video shows she did not violate any traffic laws. investigators cleared the second driver of any charges. the family of the deceased man, however, has filed a civil suit against williams. >> leah: president trump scoring a major victory with the passage of tax reform but it's hardly the first success of his administration. my next guest says the mainstream media may be ready to recognize the president's accomplishments. while trump remains a quite
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unpopular president according to the polls the media are reluctantly starting to acknowledge his presidency is having a significant impact. the author of that article is howard kurtz and fox news media analyst. nice to see you, howie. he writes in usa today it's time for us to give him a share shake. you say it was taxes, the moment has arrived. explain. >> the reason i put hell freezes over as the headline on that column on the fox website for a year now as you know, as everybody knows the dominant media narrative has been the president can't get anything accomplished. in over his head and doesn't know what he is doing. yet now that the big tax bill passed and got things in there like repealing of the individual mandate for obamacare there is starting to be a grudging reassessment and grudging granting of credit by some mainstream media outlets. a dozen circuit court judges
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approved and neil gorsuch. the stock market is booming. he doesn't get all the credit but the stock market was down 5,000 points there would be more stories on it. >> leah: there are so many accomplishments we're not hearing. he rolled back regulations, the economy grew at 3.2% last quarter. 1.7 million jobs added. the gorsuch confirmation to name a few in addition to the ones you just named. you say the tax bill puts an end to the verdict that president trump doesn't know how to work the hill. can it be attributed to him learning over the past year? >> i think so. there was a failure on the repeal and replace on obamacare. couldn't get it through congress three times. every new president comes in. particularly one who has never been in government before that needs to learn the arcane compromises and processes you have to go through.
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it is true a lot of people don't like the provisions of the tax bill. it is controversial and true it was pushed through by republicans on a party line vote. nevertheless so was obamacare if you go back to when democrats ran washington it does show the president and his team learning how to do things and the media have been so distracted by many of the fights the president has picked including the twitter feuds and so forth. sometimes i think some of these accomplishments have been overshaded but starting to get credit. >> leah: the contentious relationships and fights. the president hasn't always been particularly kind to the media as well. fake news,. at the beginning. administration we didn't know if cameras would be allowed to the white house briefings. has trump changed also? has the president changed, will he be changing in his behavior toward the media? >> i don't see a sign of that. in the last couple of days celebrating the big victory he
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has taken after fake news shows, hate shows. he feels like the media will not give him a break and he has remained on the offensive. by the way, this includes many conservative commentators who used to be never trumpers, he doesn't have much patience for them either but there is starting to be a reassessment. some saying yes, the president has made mistakes but had a pretty good first year. fascinating to me. i don't know if it's a blip and the warfare will resume after the first of the year. but starting to see a change in the tone at least of the coverage of this president. >> leah: a brief change in the tone at least. we'll see how it goes moving forward. >> jon: the ink on the tax reform bill is barely dry and party is already over for congressional republicans. now begins the scramble to avert a looming government shutdown. the latest on the negotiations playing out right now.
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police in australia releasing new details about a driver who deliberately plowed into a crowd of people. >> he is a 32-year-old australian citizen of afghan descent. a person known to victoria police. he has historical assault methods. and respond 60 times faster. it lets you know where your data lives, down to the very server. it keeps your insights from prying eyes, so they're used by no one else but you. it. is. the cloud. the ibm cloud. the cloud that's designed for your data. ai ready. secure to the core. the ibm cloud is the cloud for business. yours.
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now to suggest that the car that plowed into a crowd of people injuring 19 in melbourne this morning was tied to terrorism. >> we don't at this time have any evidence or any intelligence to indicate there is a connection with terrorism. at this time we don't have any evidence or intelligence to indicate a connection with terrorism. having said that, however, we continue to support this investigation with our counter terrorism command to ensure that there isn't that connection and that there is no ongoing tle. >> leah: this comes as we learn new information about the man behind the wheel. jonathan hunt is live in los angeles. what do we know right now? >> we certainly know this was terrifying but not terrorism according to police in melbourne. the city's railway station was packed with christmas shoppers late thursday afternoon local time when a white s.u.v. ran a
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red light and sped up slamming into pedestrians. 19 people injured, four listed in critical condition. among them a young child. now the driver is a 32-year-old australian citizen of afghan descent. he was also injured and was arrested at the scene. police say there isn't a connection to terrorism and there is no ongoing threat. they said the driver is on a quote mental health plan and receiving treatment for mental illness. local officials expressed horror at the attack. >> this is horrific, it is evil. we aren't defined by these sorts of incidents. i'm confident we'll go about our business and celebrate christmas. >> there have been similar incidents around the world related to terrorism. in october a man drove a truck down a new york city bike path killing eight people.
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london has seen two similar attacks this year, both linked to islamic extremism. in april five people were killed on a shopping street in stockholm, sweden. and last december 12 people died in a vehicle attack on a christmas market in berlin, germany. the deadliest of all these attacks came in july 2016 when a man drove a huge truck into a crowd in nice, france killing 86 people. as you can imagine, leah, police forces across america and around the world are on alert for more of these kind of attacks as we go through the holiday season. >> leah: we have to be. it is the terrorist m.o. these days. thank you. >> jon: just in on efforts to avert a government shutdown tomorrow at midnight and we're live on capitol hill awaiting the house vote on the gop's stripped down spending bill. the white house keeping close eye on the process.
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>> this white house is committed to keeping the government open. it would be a shame if the democrats forced a shutdown of the government in the 11th hour trying to negotiate something i would say that would be irresponsible because we want to make sure that we fund the military and other obligation and commitments. this president is committed and his team is committed and we're confident about keeping the government open. the democrats think they can blame the party in power. people saw yesterday who is doing the action, who is producing the results. and who is not. >> jon: joining me now isaac wright partner at ford solution strategy group and rachel campos duffy is a fox news con trib tore.
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the president's advisor said the democrats are out to blame republicans. >> i don't want to -- there are over 230 republican votes in the u.s. house. takes 217 to pass the continuing resolution to fund the government another month that they're talking about. democrats don't have the votes to shut down the government even if we wanted to. that's just complete nonsense. passing the buck and passing the blame from the party that has the power that all they have to do is work it out amongst themselves to do it. it is unbelievable. it's like putting lipstick on a pig. you can take it to the dance but it is still just a piece of bacon. >> jon: right now house and senate republicans are gathering and making a statement on this big legislative victory of theirs, the passage of the tax cuts and jobs act. president trump is expected to sign it any day now, although it gets tied up in the budget
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deal that we're discussing right now. so when they begin to speak you see some of the leaders filing into the room. there is the house speaker paul ryan. when they begin to speak we'll take you there. rachel, give us your assessment. this proposal now would keep the government open for basically three weeks until january 19th. some people say we just keep putting band-aids on this problem but is three weeks better than nothing? >> absolutely. look. there are a lot of provisions in the book. the gop is willing to get behind the provisions in the short term. there are three things important. one is funding the government through january 19th. the other is disaster relief for florida. texas and puerto rico and the third, the sticking point, is funding for the military. the house said we want to increase defense funding and we want to fund it through the year. not through january 18th but through the year.
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>> senator tim scott of south carolina is speaking right now. he had a big hand in the tax bill. let's listen in. >> making sure the american people are heard. making sure that small businesses have an opportunity to grow. we have seen a tremendous victory through this process and it is because of committed leaders behind me entrusted with the confidence of their voters to bring forth a tremendous victory. i'm thank we're led in the senate by leader mcconnell. who has done a fabulous job bringing 52 cats all working in different directions together for one purpose, to serve the american people. [applause] >> jon: thanks, this is a happy day indeed for the american people. these middle class tax cuts are resonating already. we've used examples of single
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parents making $41,000 a year getting a 73% reduction in their taxes. but it's not just on the individual side. i was pleased to see america's corporations standing up almost immediately and saying that employees are going to benefit from this great tax cut. at&t yesterday with a $1,000 christmas bonus to 200,000 employees. echoing after that other corporations standing up and saying just exactly what people like speaker paul ryan have been predicting for a long time. it will provide great opportunities for the employees of our country. so it's a great christmas season. the chairman of the ways and means committee. a leader on this issue all along the way, kevin brady. [applause]
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>> leader, thank you again so much for your leadership and speaker ryan's as well. you've seen this bill signed today, this final historic tax reform bill is one of the biggest highlights for many of us in our time in congress. maybe even in our adult lives. one of the main reasons so many of us ran for congress was to do exactly this, improve america's broken tax code and take away the pain it was having and causing on our country and on our economy. we all want to make it more simple and fairer and flatter, rewarding hard work, making america competitive again and leapfrogging america to the lead. that's exactly what we've accomplished in this bill. this is an incredible day for the american people. we would have never got here but for the leadership of paul ryan, our speaker, without the leadership of the senate,
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leader mcconnell, chairman hatch and others but i want to take a moment to tell you as proud as i am of this bill, i am equally proud of the 24 members of the house ways and means committee who worked long hours, evenings, weekends, came back from holidays to be ready to deliver this tax reform plan. i would be remiss as well if i didn't thank our team and our committee led by david stewart and barbara angus our tax counsel who just did remarkable work. [applause] i cannot wait to see this new life that springs up in our economy in the united states as we deliver more jobs, fairer taxes and bigger paychecks for the american people. thank you. [applause] i'm proud to introduce the chairman of the energy committee in the senate. senator murcowski. there you are.
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>> i had to come from behind my congressman from alaska, don young who has been with us on the anwar fight for 37 years now. so while i was able to be the architect of title 2 in the senate and proud to do so, i think it is only appropriate that i recognize the dean of your house congressman don young who has done an extraordinary job for us. but as tax reform has been long awaited, so has opening the 1002 area to limited exploration and production, an area of extraordinary resource that can be accessed with a minimal footprint. something that alaskans have been fighting fore 38 years. you don't give up on something
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when the cause is right, when you know you have so much to contribute. so to colleagues who have stood with us as the alaska delegation, we those who have stood with alaska, with those who have stood for american energy production, today is indeed a bright, bright day. we thank you for your continued support. alaska will make you proud. thank you. [applause] >> this is a bright day for the united states because america is rejecting the economics of envy and embracing the economics of opportunity. and there is a real brightness to that. we're looking for brightness in our public life. if you think about the impact of this vote it has an impact on every american and if you're having an impact on every
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american, that means you are having an impact on the globe. the world longs for the united states to be a strong diplomatic power. in order for that to be true the united states has to be a strong military power and in order for that to be true, the united states has to be a strong economic power. at its foundation is the ability now to project american values around the world. this is much bigger than an economic picture. it is casting a vision for what our future looks like and we're choosing brightness and opportunity. [applause] >> this is an exciting day for america, and for almost every single person in it that works. i had a person, though, say we
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aren't going to know whether this tax helped us or not for another year until april 15th of the following year. i said no, companies will going to get the new withholding tables by the first of february and so the first checks to come out in february people are going to be able to see the reduction in the amount of withholding they had to do to pay their taxes. they will see a benefit come february. and i've been overjoyed with calls this morning from small businesses and some international businesses that worked on the international tax piece and i've already heard from some companies moving their businesses back to the united states and one of them was talking about 1,000 more employees. but i've heard from small businesses, too. one who said this will be the biggest investment we ever made. we'll put $15 million, that's a big number to a small business. $15 million into new plants.
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i think we are going to hear a lot of examples of that. every new plant needs employees to do it. employees increase the competition among workers, increased competition among workers raises wages. so we are going to see lower taxes, higher wages and more jobs in the united states, which is exactly what we set out to do in this bill. i'm glad that the budget committee was able to play a role in this to get the reconciliation so that we could get through to the final stage and do it. [applause] >> i told this story a couple times before but a while back i was grocery shopping at a weekend at 11:00 at night. a mom came up to me and she had her hands full of coupon and grocery cart full of generic food. what is it going to get better? by passing this bill and signing it into law it just got better for that individual and
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family. in my home state of south dakota the average household income is $54,000 per year. they pay double the national average in energy costs because of where we're located. they have an $830 tax liability. with the passing of this bill now they'll get a $730 refund. that's a $1600 difference. for that family, that's life changing. that is a weekend they can spend with their kids, they can take a couple days off, put some money in a savings account. so as i came to the table as a ways and means member and a final negotiator on this package i came to that table as a farmer, as a rancher, but most importantly as a mom who wanted to see those families get some relief. so this is a wonderful day for us. not only did we meet family needs but we also gave tools to farmers and ranchers and small businesses across the country, expenseing a new low tax rate.
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they will pay off and build strong families and a strong future for this country. the bottom line is this. people have worked hard for their money. it is about time that people in washington, d.c. respect that and let them keep more of their money and make their lives and futures better. thank you, chairman brady for your work on this bill. what impressed me throughout this process, chairman brady let us be legislators. i served in the state legislature. one of the things that frustrated me the most in washington, d.c. you see very little of the legislative process. this chairman let us negotiate and craft policy and i loved the fact that he gave us that opportunity to truly be a part of forming this bill so it worked for our districts, states and for this country. now i want to introduce the man who gave an inspirational speech at the white house. i talked to so many people that said it almost brought them to
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tears. chairman hatch will speak next. [applause] >> what a privilege it is for me to stand here with these wonderful leaders in the house and senate. i'm so proud of paul ryan and mitch mcconnell and the chairman of the ways and means committee and the other members. and the people on the finance committee. this was a landmark day and i can say if we can keep going we'll get this country going like it's never been going before. i'm grateful to stand with these great leaders and i'm grateful for the influence they've had and i'm grateful for the influence they've had throughout the country. this is the greatest country in the world, bar none. we don't want it to slip. and it won't as long as we have top leaders like this and we
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have a congress like this where every member really cares and they care for the right reasons. so god bless the united states of america. thanks. [applause] >> so many of us have been working on this issue for a long time and as a former chairman of the ways and means committee i have to tell you how so many men and women here have fought for this moment. so i also want to echo what kevin brady said. i want to thank the staff for all their hard work. i want to thank george calus on our staff who came from the ways and means committee who came to the speakers office with me and so many other people to make this possible. we come to these jobs to try and improve the lives of the people we represent. and this bill more than so many other things we've ever tried to do, does that.
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and so we're very thankful and we're very hopeful. because when we've been working on this issue for so many years, we can see on the horizon this great potential for our people and for our economy. we know this is the greatest country on earth and we know that america has better days ahead and we know that america has so much more potential to tap. this bill taps that potential. i just look at the state of wisconsin, the average income family of four in wisconsin is going to get in excess of a $2,000 tax cut. that's real relief for real people living paycheck to paycheck. we're heartened that hours after this bill passed we're seeing companies across the country giving bonuses to their employees. one company in philadelphia $50 billion in investment and capital improvements over the next five years because of the tax bill. we're encouraged it will give
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the american economy the jolt of energy it needs to give people the opportunity they deserve. so we're so excited about this chance and this opportunity and we're so thankful to the men and women of this country who sent here to work on their behalf and that we are able to actually deliver this generational defining reform in this moment. at this time i would simply want to ask the senator hatch to join me in enrolling and signing this legislation. [applause] >> kevin, get up there. >> get up there, mr. chairman. you put a few hours in it.
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there you go. [applause] >> jon: earlier in the hour i mentioned the ink was barely dry on the bill and already some companies were showing results from it. well, it turns out the ink wasn't even applied yet. they put ink to parchment. orrin hatch of the senate budget committee as well as speaker of the house paul ryan there signing the jobs and budget act tax cuts -- tax cuts and jobs act of 2017. it will be signed by the president within a few days we expect. that gets tangled up in the whole government shutdown legislation which we were
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talking about with isaac wright and rachel campos duffy. rachel, you were in the middle of your thought. let's go to you to let you continue about what you think this bill is going to do. >> listen, first of all it's hard to watch what we just saw, this victory lap and not quick comment on this. it is a huge moment. especially the class of 2010. 90-some republicans that came in sort of with paul ryan as their leader. he has been working on tax policy for 10 years. they have finally done this. i talked to my husband and some of his colleagues yesterday. they said this is the biggest thing they've ever done and it is so important for them to take the victory lap not just because they've accomplished this but they have to explain to the american people and own the economy now. we had eight years of a community organizer in chief. politics as one member said, politics of envy and class warfare and now we have the
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economics of opportunity. the democrat criticism of this bill has been that this is a heist, that this is highway robbery. that's how democrats think about your hard earned money. they think they own it and this bill is about giving businesses and individuals more of their hard earned money back. so they can grow the economy. they are way better at it than the government. >> they just told you you should celebrate if you're an american making $50,000 a year they will give you a $700 tax cut. that's the same size tax cut obama gave you. however, they are giving goldman sachs a $6 million tax cut. they gave money to republican congress members and working people. working people don't have lobbyists to get that. >> jon: hold on, rachel. your response. >> the biggest banks, the
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biggest companies in silicon valley are all democrat supporters. this bill was about the middle class. look at the middle of america. they all voted for donald trump. we'll see. you know what? here is the great news about the tax bill. the republicans have had a year of deregulation and now we'll see deregulation coupled with tax reform and lower taxes. you are going to see this economy absolutely rocket, as donald trump said it is rocket fuel and they will own the economy and listen, there is a lot of explaining to do. we have young people, more of them believe socialism works versus capitalism. now they'll see what the free market, low tax, smart regulation economy looks like. i think we're all going to do better. the kids will move out of the basements. businesses are growing. we're already seeing, as you said before the ink was signed, before the ink was dried we're
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seeing companies coming back giving bonuses and we are going to see that competition for jobs and that leads to wage increases. >> republicans are doing corporate socialism. 80% will go to the most wealthy 1% and corporations. at the outset 50%. we're borrowing money we don't have, a trillion half dollars from my kids and future grandkids to pay for tax cuts for the wealthiest 1%. this is not right. this is morally bankrupt. >> we'll have to -- >> we need cuts for working people. >> jon: the republicans believe it will generate economic activity that will bring in more tax revenue to the federal coffers. we'll see. >> trickle down economics and it failed so many times. they think it might work this time. >> i take the reagan economy over the obama economy every time. >> jon: thank you both. merry christmas.
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>> leah: coming up in "outnumbered". the justice department reportedly reopening an investigation to that controversial uranium deal linked to bill and hillary clinton. the latest on that ahead. ybe, yd trust the world would be just as happy without them. (screaming) or, you could just trust duracell. ♪ it's beginning to look a lot like christmas ♪ looking for a hotel that fits... just trwhoooo.acell. ...your budget? tripadvisor now searches over... ...200 sites to find you the... ...hotel you want at the lowest price. grazi, gino! find a price that fits. tripadvisor.
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thanks for joining us, out numbered, starts now. >> president trump and residence are celebrating a major legislative victory on tack reform. house speaker paul ryan wrapped up a ceremony to mark the passage before giving the final copy signed, seald and delivered for president trump for his signature this is out numbered. here is melissa francis. the editor of town hall.com. katie. under bush and obama jillian turner and on the couch steve is here he is out numbered a salute. that means a lot. >> to america and to you. >> thanks. it is your trade
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