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Nov 9, 2017
11/17
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mr. reed. mr. meehan. mr. carbellow. mr. crowley. chairman brady no. >> ms. sanchez is recorded as yes. >> sanchez is yes. >> how is mr. meehan recorded? >> mr. meehan is not recorded. >> no, please . >> how is ms. black recorded? >> ms. black is not recorded. >> no. >> ms. black, no. >> how is mr. carbellow recorded. >> he is not recorded. >> no. >> mr. reed is not recorded. >> mr. reed, no. mr. chairman. >> clerk will report the vote. >> 15 yays, 22 nays. >> there being 15 ayes and 22 noes, the amendment is not agreed to. >> mr. chairman? mr. chairman? >> ms. sewel for what purpose? >> point of person privilege. >> granted. >> in light of the fact that i think my amendment on historic tax credit has sort of shown the point that the whole of the deficit would only be closed by $50 million by repealing the historic tax credit, i withdraw my amendment in the interest of time. >> the amendment has been withdrawn. are there further amendments to the amendment in the nature of substitute? mr. higgins for what purpose? >> i ask for consent to submit a statement to
mr. reed. mr. meehan. mr. carbellow. mr. crowley. chairman brady no. >> ms. sanchez is recorded as yes. >> sanchez is yes. >> how is mr. meehan recorded? >> mr. meehan is not recorded. >> no, please . >> how is ms. black recorded? >> ms. black is not recorded. >> no. >> ms. black, no. >> how is mr. carbellow recorded. >> he is not recorded. >> no. >> mr. reed is not recorded. >> mr. reed, no. mr. chairman....
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Nov 9, 2017
11/17
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mr. reed: a face for radio. that's what i do. mr. blumenauer: but now we're moving into the next phase. it's unclear to me what the president is going to regard this. i remember he celebrated your efforts to dismantle the affordable care act at the white house before he denounced it as being a mean bill. and i don't know when the stories start coming out about what's really in this bill and the feedback, i don't know if he's going to stand behind you or not. i know in terms of what we have now, it's actually a very good bill for donald trump. most of the trump enterprises are pass-through entities. not small business. pass-through entities. and he'll be able to take advantage of that lower tax rate. he'll be able to have hundreds of millions or billions, however many dollars he has, to pass on to his children without being taxed. we do know from the one tax form that was released, that it was the alternative minimum tax that forced him to pay anything meanful on hundreds of millions of dollars of income. and you've eliminated the alt
mr. reed: a face for radio. that's what i do. mr. blumenauer: but now we're moving into the next phase. it's unclear to me what the president is going to regard this. i remember he celebrated your efforts to dismantle the affordable care act at the white house before he denounced it as being a mean bill. and i don't know when the stories start coming out about what's really in this bill and the feedback, i don't know if he's going to stand behind you or not. i know in terms of what we have now,...
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Nov 10, 2017
11/17
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mr. reed: thank you, mr. chairman. mr. chairman, as we close this debate out, i want to say thank you to you and your staff for all of the hard work and for mr. barthold for his work. mr. chairman, i've been sitting here all week with this stack of papers. i'm glad to be able to do my part today to say this will be a thing of history when we're done here in the house of representatives as the senate and get this signed to the president's desk. and to be replaced with a simpler, fairer, tax code that is going to deliver $1,606 to the typical family in my district of western new york. mr. chairman, as the youngest of 12, whose father passed away when i was 2, who was raised by a single mother, $1,606 is a heck of a lot of money. and that is money these people have earned. and by doing the work we have done here, and i hope to work with my colleagues across the aisle as we go through this process to the finish line and we can do better for those individuals back home, we're giving direct relief to them. and thank you for the
mr. reed: thank you, mr. chairman. mr. chairman, as we close this debate out, i want to say thank you to you and your staff for all of the hard work and for mr. barthold for his work. mr. chairman, i've been sitting here all week with this stack of papers. i'm glad to be able to do my part today to say this will be a thing of history when we're done here in the house of representatives as the senate and get this signed to the president's desk. and to be replaced with a simpler, fairer, tax code...
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Nov 9, 2017
11/17
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i will yield to my good friend who is the tax expert from new york, mr. reed. mr. reed: i appreciate that, mr. nunes. it took much longer than four days to go through the u.s. tax code. as we've been on the committee for seven years. dealing with these issues, dealing with tax reform. and having hearings on the issues before us that have set up this day for us to take this step to move the bill forward, hopefully to the floor and through the senate process. and through the entire legislative process. to mr. blumenauer's point, at the end of the day irk do anticipate the final bill we will put on the president's desk is obviously going to be different than the bill we put out through the committee because we have to go to our colleagues off the committee. we have to work with our colleagues in the senate. to make sure that their differences and our differences are reconciled. probably through a conference committee. that's regular order. and as i listen to the debate yesterday, i was also reminded many times from my colleague the other side you would have reached out
i will yield to my good friend who is the tax expert from new york, mr. reed. mr. reed: i appreciate that, mr. nunes. it took much longer than four days to go through the u.s. tax code. as we've been on the committee for seven years. dealing with these issues, dealing with tax reform. and having hearings on the issues before us that have set up this day for us to take this step to move the bill forward, hopefully to the floor and through the senate process. and through the entire legislative...
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Nov 9, 2017
11/17
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mr. reed, you're recognized to speak on the amendment. >> thank you, mr. chairman. as i think the chairman knows and many others know, i have been a strong voice for an all of the above energy policy and i appreciate the negotiations and discussions we had in regards to the phase out to get these industries from infancy to commercial viability. i appreciate the gentleman from oregon's committeemement to thia and i'll continue to enjoy working with him. i do harken back to some of the comments i made yesterday. if we are so inclined to support this amendment, my colleagues on the other side have made it very clear from public comments and issues from their leadership and statements from their leadership both in the house and senate that they are adamantly opposed to any implementation of tax reform being driven from our side to the floor to get relief to the american people from the code that's represented here to my right. and so i appreciate the chairman's comments and i join with my colleague from texas, mr. marchant to ask my colleagues to vote this amendment dow
mr. reed, you're recognized to speak on the amendment. >> thank you, mr. chairman. as i think the chairman knows and many others know, i have been a strong voice for an all of the above energy policy and i appreciate the negotiations and discussions we had in regards to the phase out to get these industries from infancy to commercial viability. i appreciate the gentleman from oregon's committeemement to thia and i'll continue to enjoy working with him. i do harken back to some of the...
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Nov 8, 2017
11/17
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mr. reede. mr. kelly, aye. mr. renesi, aye. mr. mian, aye. ms. nome, aye. mr. holding, aye. mr. smith of missouri, aye. mr. rice. mr. sweicher, aye. ms. wolorski, aye. mr. bishop, aye. mr. neil, no. mr. le vin, no. mr. lewis, no. mr. doggett, no. mr. thompson, no. mr. larson, no. mr. bloominauer, no. mr. kind, no. mr. pascrel, no. mr. crowley, no. mr. davis, no. ms. sanchez, no. mr. higgins, no. ms. suhl, no. ms. delbene, no. ms. chu, no. mr. nunes, aye. mr. buchanan. >> chairman brady. chairman is not recorded. chairman brady, aye. >> there being 22 ayes and 16 nos, the motion to table is agreed to. are there additional amendments to the amendment in the nature of the substitute? >> yes, mr. chairman, i've got an amendment. >> mr. doggett. >> i have an amendment at the desk, mr. chairman. >> will the gentleman sustain while it's being distributed. mr. reichert? >> i will suspend. i just would make it clear, as i have to you informally, i saw mr. brady come in. i'm discussing an amendment, mr.
mr. reede. mr. kelly, aye. mr. renesi, aye. mr. mian, aye. ms. nome, aye. mr. holding, aye. mr. smith of missouri, aye. mr. rice. mr. sweicher, aye. ms. wolorski, aye. mr. bishop, aye. mr. neil, no. mr. le vin, no. mr. lewis, no. mr. doggett, no. mr. thompson, no. mr. larson, no. mr. bloominauer, no. mr. kind, no. mr. pascrel, no. mr. crowley, no. mr. davis, no. ms. sanchez, no. mr. higgins, no. ms. suhl, no. ms. delbene, no. ms. chu, no. mr. nunes, aye. mr. buchanan. >> chairman brady....
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Nov 8, 2017
11/17
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mr. reed? >> thank you, mr. chairman. mr. chairman, i take a little offense to my colleagues on the other side insinuating that we don't care about the people we go to church with. we don't care about the senior citizens that we counsel -- that we sit with and i talk with. i don't care about the individual who's on their death bed as a volunteer in hospice and stand as a volunteer in hospice and stand with those people. that i don't care about those people because of this tax policy. let me tell you exactly what -- maybe i can try to summarize this for the american people f. you've got two seniors, jim and susan. they're making about $24,000 a year. they're low income seniors. they've got $20,000 worth of medical expenses. they deduct that. that's the only deductions they get. under today's code, take $24,000, minus it by $20,000. you've got $4,000 still taxable. what do we do? we expend the standard deduction under the new code. the $12,000 deduction it s in this damn code that i will tell you doesn't care about a lot of peo
mr. reed? >> thank you, mr. chairman. mr. chairman, i take a little offense to my colleagues on the other side insinuating that we don't care about the people we go to church with. we don't care about the senior citizens that we counsel -- that we sit with and i talk with. i don't care about the individual who's on their death bed as a volunteer in hospice and stand as a volunteer in hospice and stand with those people. that i don't care about those people because of this tax policy. let...
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Nov 7, 2017
11/17
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mr. reed's district. a variety of people to talk about what impact this is going to have on them and their decisions. having more people who are involved with providing real estate, both rental and owner-occupied. people who are trying to deal with the affordable housing crisis that we're facing in this country. a serious crisis for people who virtually no one in the united states who earns minimum wage can afford typical rental costs. now, if we were looking at redistributing $1.5 trillion, and we actually had some hearings back and forth about what would be the best way of doing it, the same way i mentioned a moment ago that if we had actually had some hearings, maybe to unscramble what's going on with the pass-through, but the fact is, most small businesses won't benefit from the pass-through because they don't hit the 25% rate. they're already below that. but could we have worked together, rolled up our sleeves, found some things that would actually help the small businesses who really nee
mr. reed's district. a variety of people to talk about what impact this is going to have on them and their decisions. having more people who are involved with providing real estate, both rental and owner-occupied. people who are trying to deal with the affordable housing crisis that we're facing in this country. a serious crisis for people who virtually no one in the united states who earns minimum wage can afford typical rental costs. now, if we were looking at redistributing $1.5 trillion,...
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Nov 7, 2017
11/17
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this is the politics that mr. reed was discussing. mr. chairman, i yield back. >> your question -- all those in favor signify by saying aye. >> aye. >> those opposed no. >> no. >> the nos have it. pursuant to the committee, further proceedings on the amendment will be postponed. are there additional amendments to the amendment in the nature of a substitute? >> mr. chairman? >> ms. sanchez you're recognized. >> i have an amendment at the desk. >> i reserve a point of order. >> the clerk will distribute the amendment and i ask the gentle lady to suspend while the clerk distributes. >>> mr. paulson? >> gentleman i withdraw my reservation. >> the gentle lady is recognized for five minutes on her amendment. >> thank you, mr. chairman. my amendment would fix this bill's woefully inadequate child tax credit provision and my amendment is based on the excellent work that congressman rosa has tirelessly pursued for years. when ways and means democrats were summoned to the white house to meet with the president, he told me that i would love this chi
this is the politics that mr. reed was discussing. mr. chairman, i yield back. >> your question -- all those in favor signify by saying aye. >> aye. >> those opposed no. >> no. >> the nos have it. pursuant to the committee, further proceedings on the amendment will be postponed. are there additional amendments to the amendment in the nature of a substitute? >> mr. chairman? >> ms. sanchez you're recognized. >> i have an amendment at the desk....
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Nov 16, 2017
11/17
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mr. reed: thank you, mr. president. mr. president, it is our responsibility to ensure that future generations will have greater opportunity and greater security than we inherited from our parents and our forebearers. to accomplish this, we must put aside political expedience and take a sober look at the health of our national economy and our ability to keep our commitment at home and around the world. i rise to urge my colleagues to reject the partisan and fiscally irresponsible republican tax proposals and the so-called tax cuts and jobs act. when we strip away the rosy but false economic projections and ideologically motivated economic theories that republicans have been using to hype this bill, it is clear that this bill trades away our nation's long-term economic health and well-being of working americans -- the poor, the sick, and the old -- in order to benefit the wealthy. moreover, this bill will take us trillions of dollars deeper into debt at a time when the cost of 16 years of debt-financed wars continue to mount.
mr. reed: thank you, mr. president. mr. president, it is our responsibility to ensure that future generations will have greater opportunity and greater security than we inherited from our parents and our forebearers. to accomplish this, we must put aside political expedience and take a sober look at the health of our national economy and our ability to keep our commitment at home and around the world. i rise to urge my colleagues to reject the partisan and fiscally irresponsible republican tax...
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Nov 10, 2017
11/17
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kerb be olle, no. >> mr. reed? >> mr. reed is not recorded. mr. reed, no. mr. chairman? >> the clerk will report the vote. s. 15 yays, 22 nay >> the amendment is not agreed to. >> mr. chairman? mr. chairman? >> ms. sewell, for what purpose? >> point of person privilege. >> granted. >> in light of the fact that i think that my amendment on historic tax credit has sort of shown the point that a -- that the whole of the deaf -- hole of a deficit would only be closed by $50 million by repealing the historic tax crept, i withdraw my amendment in the interest of time. >> the amendment has been withdrawn by ms. sewell. are there further amendments in nature to substitute? for what purpose? >> i ask to summit a statement to the record relative to my intent on the kind amendment yesterday. >> without objection. further eafments? >> mr. chair, i have an amendment at the desk. >> the gentle lady as an an -- has an amendment at the desk. mr. reicher? the court will distribute the amendment and i ask the gentle lady to suspend while the clerk distributes. >> you're recognized to spea
kerb be olle, no. >> mr. reed? >> mr. reed is not recorded. mr. reed, no. mr. chairman? >> the clerk will report the vote. s. 15 yays, 22 nay >> the amendment is not agreed to. >> mr. chairman? mr. chairman? >> ms. sewell, for what purpose? >> point of person privilege. >> granted. >> in light of the fact that i think that my amendment on historic tax credit has sort of shown the point that a -- that the whole of the deaf -- hole of a...
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Nov 6, 2017
11/17
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chairman, in response to what mr. reed said, look, all the way back to bill archer, some of the words tonight were very similar, but i want to say something. you can't model, even though there's broad disagreement. we were at it for three years. there were a series of informal sessions, formal sessions. we went back and forth and much of it was based on goodwill and much of the tlarting of that legislation actually came from your side when the bill was published. but i do think in fairness, mr. camp give us every opportunity to participate in that dialogue as we went along on that bill. and the two of you joined the committee on that same day. we were very good friends. and i must tell you that he broke it down so that every single item in his eventual proposal had been thoroughly parsed ask. in fact his straem was to move your side out of the room and then eventually was down to his own staff. i get that. but that's not the beginning of the process. that's the end of the process and i yield back my time, mr. chairman. >>
chairman, in response to what mr. reed said, look, all the way back to bill archer, some of the words tonight were very similar, but i want to say something. you can't model, even though there's broad disagreement. we were at it for three years. there were a series of informal sessions, formal sessions. we went back and forth and much of it was based on goodwill and much of the tlarting of that legislation actually came from your side when the bill was published. but i do think in fairness, mr....
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Nov 7, 2017
11/17
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i yield back to mr. reed. >> gentleman's time is expired. mr. thompson recognized for five minutes. >> i thank the gentleman for yielding. my friend from california when he was speaking said that this amendment kills this bill. this amendment doesn't kill anything. the only thing this amendment does is says we're going to look at it down the road. if it's not working we're going to stop it. wouldn't we all like to be able to stop it if it's not. one of the problems we have here something that doesn't work continues to go and continues to go and continues not to work. this is a prime opportunity, by adopting this amendment, to be able to stop it and fix it. he also said that the difference between those of you on this side of the dais and this side, this side believes it's legislation that will work. this is a pretty important committee and we've got a lot of very, very smart people supporting us. we don't have to rely on what we believe. we can actually get the data. we can get the facts, the true facts. not the alternative facts, the true facts
i yield back to mr. reed. >> gentleman's time is expired. mr. thompson recognized for five minutes. >> i thank the gentleman for yielding. my friend from california when he was speaking said that this amendment kills this bill. this amendment doesn't kill anything. the only thing this amendment does is says we're going to look at it down the road. if it's not working we're going to stop it. wouldn't we all like to be able to stop it if it's not. one of the problems we have here...
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Nov 6, 2017
11/17
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i would just tell you, you can't look at what mr. reed has and say somehow if we keep it the same won't that be wonderful? >>> you are recognized. >> thank you, mr. chairman. thank you for being here and for your service and for your patience. i sure am glad picking up from my good friend from pennsylvania's line, at least he had the courage to raise the issue about debt and deficits under this plan. i wish there was more scrutiny of that. it's clear that the budget resolution that my republican friends passed recently makes room for an additional $1.5 trillion worth of debt in order to pass this tax bill. is that correct? >> the budget resolution provides for $1.5 trillion. >> just for the record getting back to my friend's point back in 2008 when president obama inherited this god awful economic recession he also inherited a $1.5 trillion budget deficit from the previous administration. when he left office earlier this year he cut that down by over two thirds so we started heading in the right direction. this plan will reverse that. acc
i would just tell you, you can't look at what mr. reed has and say somehow if we keep it the same won't that be wonderful? >>> you are recognized. >> thank you, mr. chairman. thank you for being here and for your service and for your patience. i sure am glad picking up from my good friend from pennsylvania's line, at least he had the courage to raise the issue about debt and deficits under this plan. i wish there was more scrutiny of that. it's clear that the budget resolution...
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Nov 6, 2017
11/17
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>> that's correct, mr. reed, the value of a deduction, is generally the amount of the deduction times the marginal tax rate of the tax bracket that you're in. >> and one of the reasons why i had voe indicated for a compromise on the state and local tax deduction policy is that the policies are what we consider progressive taxes, you pay your property taxes, regardless of your income, if you're a single parent, if you're a senior on a fixed income, whatever that property tax bill is, you pay that full property tax bill, correct? >> the property tax liability does not vary with income. >> correct. so when you lose the income tax deduction as part of your state and local tax deduction, generally income taxes at the state level are very progressive, ie, the more you make, the more taxes you pay. so therefore isn't it a correct assumption that the income taxes at the state level are highly progressive so therefore the higher income folks lose the benefit of that deduction of that deduction vrersus lower income taxpay
>> that's correct, mr. reed, the value of a deduction, is generally the amount of the deduction times the marginal tax rate of the tax bracket that you're in. >> and one of the reasons why i had voe indicated for a compromise on the state and local tax deduction policy is that the policies are what we consider progressive taxes, you pay your property taxes, regardless of your income, if you're a single parent, if you're a senior on a fixed income, whatever that property tax bill is,...
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Nov 15, 2017
11/17
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mr. reed: well, thank you, mr. speaker. and i thank the chairman for all his hard work in putting this bill together. mr. speaker, this bill has been in the process for over seven years in regards to the time i spent on the committee. there have been multiple hearings on the issue of tax reform. well over 40-plus. there have been hours upon hours of debate. there was efforts done by our former chairman, dave camp, and i know my colleagues on the other side of the aisle have recognized during our committee markup process the hard work that chairman camp did by rewriting the entire code from the bottom up. these issues have been out there for the american people and for the people from across the country to look at, to digest and now is the time to rise in support of this legislation, mr. speaker. because what we have before you is a new tax code for the 21st century. mr. speaker, we have a tax code that's going to for once in 31 years put corporations on the multinational level across the world in a competitive position by l
mr. reed: well, thank you, mr. speaker. and i thank the chairman for all his hard work in putting this bill together. mr. speaker, this bill has been in the process for over seven years in regards to the time i spent on the committee. there have been multiple hearings on the issue of tax reform. well over 40-plus. there have been hours upon hours of debate. there was efforts done by our former chairman, dave camp, and i know my colleagues on the other side of the aisle have recognized during...
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Nov 29, 2017
11/17
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mr. reed: thank you, mr. chairman. mr. speaker, i rise today and join my colleagues in a republican-democratic, men and women standing together here on the floor of the house to join in the recognition that when it comes to sexual harassment and sexual assault across america, we say no more. we say, enough is enough. and, yes, this is a step, a small step in the right direction. but it is a legitimate step for us to reflect those that we represent across america and saying to the issue that has impacted all of us, my family included. when it comes to sexual harassment and sexual assault, we stand together as americans and in this body declare that no more shall sexual harassment and sexual assault be allowed to exist in our society. i applaud my colleagues on both sides of the aisle for doing this and the leadership they have demonstrated on this issue. once and for all. with that, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from mississippi reserves. the gentlema
mr. reed: thank you, mr. chairman. mr. speaker, i rise today and join my colleagues in a republican-democratic, men and women standing together here on the floor of the house to join in the recognition that when it comes to sexual harassment and sexual assault across america, we say no more. we say, enough is enough. and, yes, this is a step, a small step in the right direction. but it is a legitimate step for us to reflect those that we represent across america and saying to the issue that has...
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Nov 10, 2017
11/17
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. >> come on, mr. reedthe gentleman yield? >> yeah, sure. >> you know i love you. and i'm -- i work with you -- >> prove it! [ laughter ] >> seth: "yeah, prove it! treat me like a tiny postcard." [ laughter and applause ] so republicans want to eliminate a series of tax write-offs and deductions that affect working and middle class taxpayers in order to pay for their corporate tax cut. controversial tax break they are leaving completely untouched. now, think of the most donald trump-friendly tax break you can possibly imagine. a tax break that seems almost like it was designed specifically to benefit donald trump. okay, thought of it? everybody have it in your head? okay. here it is. a tax break for golf course owners. [ laughter ] that's right. there's a tax break for golf course owners, and republicans are leaving it intact. the only thing that can be more beneficial to donald trump is a tax break that let's you claim your defendants as dependents. [ audience ohs ] [ laughter ] so the house gop plan -- [
. >> come on, mr. reedthe gentleman yield? >> yeah, sure. >> you know i love you. and i'm -- i work with you -- >> prove it! [ laughter ] >> seth: "yeah, prove it! treat me like a tiny postcard." [ laughter and applause ] so republicans want to eliminate a series of tax write-offs and deductions that affect working and middle class taxpayers in order to pay for their corporate tax cut. controversial tax break they are leaving completely untouched. now,...
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Nov 10, 2017
11/17
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. >> mr. reed, i. mr. kelly, i. mr. nason, i. mr. meehan, i. mr. holding, i. mr. smith, yes. mr. rice, yes. aye.tryker, ms. malala skate, yes. mr. bishop, yes. mr. neil, no. mr. 11, no. mr. lewis, no. mr. doggett, no. mr. thompson, no. mr. larson, no. mr. blumenauer, no. mr. kind, no. mr. pastorale, no. mr. coley, no. mr. davis, no. mr. sanchez, no. mr. higgins, no. mr. wall, no. ms. of any, no. missed you, no. brady,aye. the clerk will report the vote. and 16 nos it is agreed to. on adoption, all those in favor .ignify with i (202) 748-800 >> the question is on favorably reporting the bill hr one as an amendment. all those in favor, signify by saying i. all of those who depose no. it appears the eyes have it to hr one as amended to favorably report the house of clark. we will call the roll. mr. johnson, aye. .r. nunez, aye mr. t berry, aye. mr. reichert, aye. mr. rock him, aye. mr. smith, aye. miss jenkins, aye. .r. paulson, aye mr. marchant, aye. miss at black, aye. mr. reid, aye. .r. kelly, aye mr. nac, aye. mr. holding, aye. mr. smith, yes. mr. rice, yes. mr. schweikert, aye.
. >> mr. reed, i. mr. kelly, i. mr. nason, i. mr. meehan, i. mr. holding, i. mr. smith, yes. mr. rice, yes. aye.tryker, ms. malala skate, yes. mr. bishop, yes. mr. neil, no. mr. 11, no. mr. lewis, no. mr. doggett, no. mr. thompson, no. mr. larson, no. mr. blumenauer, no. mr. kind, no. mr. pastorale, no. mr. coley, no. mr. davis, no. mr. sanchez, no. mr. higgins, no. mr. wall, no. ms. of any, no. missed you, no. brady,aye. the clerk will report the vote. and 16 nos it is agreed to. on...
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Nov 16, 2017
11/17
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mr. reed's district will lose the student loan interest deduction. with that i'd like to introduce a real champion of the working class in america, the gentlelady from ohio, marcy kaptur. one minute. the speaker pro tempore: the gentlewoman is recognized for one minute. ms. kaptur: i want to thank the exceptional leadership of ranking member richard neal of massachusetts and trying to fix this horrendous bill. mr. speaker, the g.o.p.-led tax and deficit disaster rewards the big corporations and billionaires. it will accelerate job outsourcing. indeed, 50% of the tax benefits go to the top 1%. this tax scam locks in, get to a 621,500 tax bonus each billionaire in the billionaire class. the top .1 of 1%. do you think they need it? meanwhile, this tax scam raise ed money from the pockets of 38 million middle class taxpayers, likely those caring for their sick relatives or trying to help their kids in college. do you really think the .1 of 1% need more? money trading wall street megabanks like goldman sachs and j.p. morgan. already making billions will g
mr. reed's district will lose the student loan interest deduction. with that i'd like to introduce a real champion of the working class in america, the gentlelady from ohio, marcy kaptur. one minute. the speaker pro tempore: the gentlewoman is recognized for one minute. ms. kaptur: i want to thank the exceptional leadership of ranking member richard neal of massachusetts and trying to fix this horrendous bill. mr. speaker, the g.o.p.-led tax and deficit disaster rewards the big corporations and...
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Nov 30, 2017
11/17
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. >> mr. reed radio, i appreciate you saying your testimony the legislation needs to address the looming insolvency. of the program. i agree. as you may be aware congressman neil recently introduced legislation hr 4444. that would provide low interest loans to failing plans and other financial assistance. through the pbgc. most of the democratic members of the subcommittee are cosponsors of the bill. which most importantly does not cut retiree pension. one has the had an opportunity to review mr. neils bill? and if so what are your thoughts on it? if not, when will you finalize your review and analysis. and will you share it with it us when it's complete? >> we have not had a chance to review it fully. we're looking at it closely. it is very difficult to evaluate exactly the effect in the cost of the program because each plan is plan specific. we don't have data from plans that we need to see how that would effect each plan. and other loan proposals have gone to plans and sought out their advice. o
. >> mr. reed radio, i appreciate you saying your testimony the legislation needs to address the looming insolvency. of the program. i agree. as you may be aware congressman neil recently introduced legislation hr 4444. that would provide low interest loans to failing plans and other financial assistance. through the pbgc. most of the democratic members of the subcommittee are cosponsors of the bill. which most importantly does not cut retiree pension. one has the had an opportunity to...
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Nov 14, 2017
11/17
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mr. reed: thank you, mr. president. i rise in opposition to the nomination of steven g. brad bury. typically the department of transportation has been a bastion of corporation. there are no democratic or republican highways, no such thing as a democratic or republican traffic congestion. similarly, it has been the overwhelming position of the u.s. senate that support of torture is abhorrent and disqualifying for high office. mr. bradbury's nomination threatens both of these. based on his role of improved and enhanced torture techniques, i believe -- in addition, i'm deeply troubled by his failure to commit to recuse himself from all matters related to his former client, the now bankrupt air bag manufacturer ta catta whose -- takata whose product is responsible for 18 deaths. he was the acting head of the department justice's office of legal counsel and responsible for coauthoring numerous legal memos that authorized torture. during that period enhanced interrogation techniques included techniques that constituted according toure or cruel -- torture or cruel treatment. we would not
mr. reed: thank you, mr. president. i rise in opposition to the nomination of steven g. brad bury. typically the department of transportation has been a bastion of corporation. there are no democratic or republican highways, no such thing as a democratic or republican traffic congestion. similarly, it has been the overwhelming position of the u.s. senate that support of torture is abhorrent and disqualifying for high office. mr. bradbury's nomination threatens both of these. based on his role...
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Nov 29, 2017
11/17
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the presiding officer: the senator from rhode island reed reed thank you, madam president -- mr. reed: thank you, madam president. two weeks i rise to urge my colleagues on the other side to reject the partisan and fiscally irresponsible tax proposals in the so-called tax cuts and jobs act. i asked them to remember that when it comes to our responsibility to plan for a nation's long-term economic future. we are here to cooperate and also to secure opportunity and security for future generations, not to serve the short-term interests of partisan politics. today i regret to say that the process around the republican tax bill has only become more rushed, more partisan, more bitter, and less transparent. my republican colleagues wrote this bill behind closed doors, held no serious hearings or debate, and even now are planning to make substantial changes to the final bill that we will vote on before we have even had the benefit. a comprehension -- benefit of a comprehensive nonpartisan score of its cost. we all know better than to believe that this irresponsible process will lead to a resp
the presiding officer: the senator from rhode island reed reed thank you, madam president -- mr. reed: thank you, madam president. two weeks i rise to urge my colleagues on the other side to reject the partisan and fiscally irresponsible tax proposals in the so-called tax cuts and jobs act. i asked them to remember that when it comes to our responsibility to plan for a nation's long-term economic future. we are here to cooperate and also to secure opportunity and security for future...
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Nov 15, 2017
11/17
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mr. reed's district will lose the student loan interest deduction. with that, i'd like to introduce a real hero to the working class in america, the gentlelady from ohio, marcy kaptur, for one minute. the speaker pro tempore: the gentlelady is recognized for one minute. ms. kaptur: i want to thank the leadership of richard neal of massachusetts in trying to fix this bill. the g.o.p.-led tax and deficit disaster rewards the big corporations and billionaires. it will accelerate job outsourcing. indeed, 50% of the tax benefits go to the top 1%. this tax scam locks in, get this, a $621,500 tax bonus to each billionaire in the billionaire class this etop 1% of 1%, do you think they need it? meanwhile this tax scam raises money from the pockets of 38 million middle class taxpayers, likely those caring for sick relatives or trying to help their kids in college. do you really think the one tenth of one percent need more? money trading wall street mega banks like gold mank sachs and j.p. morgan, already making billions, will get more tax bonuses courtesy of t
mr. reed's district will lose the student loan interest deduction. with that, i'd like to introduce a real hero to the working class in america, the gentlelady from ohio, marcy kaptur, for one minute. the speaker pro tempore: the gentlelady is recognized for one minute. ms. kaptur: i want to thank the leadership of richard neal of massachusetts in trying to fix this bill. the g.o.p.-led tax and deficit disaster rewards the big corporations and billionaires. it will accelerate job outsourcing....
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Nov 2, 2017
11/17
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mr. chairman senator reed and distinguished members of the committee armed services. this is the second time i've appeared in this chair. >> i hope it's better than the last time. >> in 2006 i was blessed to have my wife julie with me. we grew up together outside of fort bragg and she is the foundation of our family in both of our civilian and military lives. unlike 2006 my daughter meghan is now old enough to sit here. she is escaping from her junior high school classes at washington and is also representing her brother adam who was a first semester mechanical engineering student at clemson university. i'm also proud to help my sister-in-law carla counsel here. we to went to high school in fayetteville. mr. chairman. >> we welcome them to the committee. >> i was honored to be introduced by a former member of this committee and a truly great senate leader trent lott. i'm equally humbled today not only by the confidence placed in me by the president and secretary mattis puts to be introduced by senator tillis. senator helms said for any senator to truly represent north
mr. chairman senator reed and distinguished members of the committee armed services. this is the second time i've appeared in this chair. >> i hope it's better than the last time. >> in 2006 i was blessed to have my wife julie with me. we grew up together outside of fort bragg and she is the foundation of our family in both of our civilian and military lives. unlike 2006 my daughter meghan is now old enough to sit here. she is escaping from her junior high school classes at...
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Nov 6, 2017
11/17
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we appreciate everything you are doing and i will just tell you, you can't look at what mr. reedhas and say that somehow, if we just keep it the same, won't that be wonderful. >> thank you. the gentleman's time has expired. mr. kind, you are recognized. >> thank you for being here and for your service and for your patience. i am glad, sticking up for mike and friend from pennsylvania, at least he had the courage to raise the issue about debt and deficit under this plan. i wish there was more scrutiny of this plan. let me just be clear, the budget resolution that my republican friends just passed recently makes room for an additional $1.5 trillion worth of debt in order to pass this tax bill. is that correct? >> the budget resolution provides for $1.5 billion. >> just for the record, getting back to my friends point, back in 2008 when presidentn obama inherited this god-awful recession, he also inherited a $1.5 trillion deficit from the previous ministration. when he left office earlier this year, he cut that down by over two thirds so we started heading in the right direction. th
we appreciate everything you are doing and i will just tell you, you can't look at what mr. reedhas and say that somehow, if we just keep it the same, won't that be wonderful. >> thank you. the gentleman's time has expired. mr. kind, you are recognized. >> thank you for being here and for your service and for your patience. i am glad, sticking up for mike and friend from pennsylvania, at least he had the courage to raise the issue about debt and deficit under this plan. i wish there...
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Nov 9, 2017
11/17
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and then deciding to eliminate the boland have been working with mr. reed began with a private equity bonds. and then to abandon ship? event that sustainable infrastructure bill with bipartisan support to be allowed for used water infrastructure projects for the cities and towns across the country are facing a major challenge to replace your aging and worn out infrastructure so with those constraints private activity bowen's something that billions of dollars of private capital infrastructure projects while shifting economic away from municipalities. the private equity bonds are used for projects across the country. airports, hospitals, schools , assisted living facilities, thousands of u.s. colleges and universities and hospitals and charities and municipalities to rely on private activity bonds for funding infrastructure projects including not-for-profit health care i ask unanimous consent to add to the record to the new jersey hospital association so private activity bonds is a growing source of financing and need i remind you without those industries ca
and then deciding to eliminate the boland have been working with mr. reed began with a private equity bonds. and then to abandon ship? event that sustainable infrastructure bill with bipartisan support to be allowed for used water infrastructure projects for the cities and towns across the country are facing a major challenge to replace your aging and worn out infrastructure so with those constraints private activity bowen's something that billions of dollars of private capital infrastructure...
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Nov 8, 2017
11/17
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. >> mr. reed, your recognize to speak. >> i want to focus on the issue of growth and the denial or argument that it's food dust i think is what i heard my colleagues indicate. i do want to agree with the concern the racing on the deficit and the national debt crisis. i hope we can point to today as we continue to look at the debt crisis that my colleagues will be reminded of this video and speak on the issue. i share that passion to address the debt as it has become a crisis level event. i want to focus on the growth argument and how my colleagues cannot accept the fact that lowering taxes will lead to growth. if i have it right is a former mayor, there's not a state in the union the governors are not proposing tax incentives across the nation. they are primarily relying on reducing taxes for economic development and jobs. i've traveled this country and i watch a commercial come on about new york state. new york state is open for business. our government is champing about how he has an economic de
. >> mr. reed, your recognize to speak. >> i want to focus on the issue of growth and the denial or argument that it's food dust i think is what i heard my colleagues indicate. i do want to agree with the concern the racing on the deficit and the national debt crisis. i hope we can point to today as we continue to look at the debt crisis that my colleagues will be reminded of this video and speak on the issue. i share that passion to address the debt as it has become a crisis level...
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Nov 3, 2017
11/17
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mr. chairman. senator reed and distinguished members of the committee on armed services this is the second time i have appeared in this chair. >> i hope it's better than the last time. >> yes. in 2006 i was blessed to have my wife julie with me. we grew up together outside of fort bragg and she is the foundation of our family in both our civilian and military lives. unlike 2006, my daughter megan is now old enough to sit here. she is escaping from her junior high school classes at washington and lee and is also representing her brother adam, who is a first semester mechanical engineering student at clemson university. i'm also proud to have my sister in law here, we too went to high school in fayette vill. >> you welcome him to the committee. thank you. i was honored to be introduced by a former member of this committee and a truly great senate leader, trent lot. i'm equally humbled today not only by the confidence placed in me but to be introduced by senator tillerson. senator helms said for any senator to tru
mr. chairman. senator reed and distinguished members of the committee on armed services this is the second time i have appeared in this chair. >> i hope it's better than the last time. >> yes. in 2006 i was blessed to have my wife julie with me. we grew up together outside of fort bragg and she is the foundation of our family in both our civilian and military lives. unlike 2006, my daughter megan is now old enough to sit here. she is escaping from her junior high school classes at...
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Nov 2, 2017
11/17
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mr. chairman. >> senator reed. >> thank you, mr. chairman. mr. rotenberg, my sense from your testimony is that -- and you can confirm this -- there are two points that consumers should have legal rights, and one is that they should have the legal right to withhold or divulge their credit score, or they should know the credit information that an agency has and that should be by law, not by deference of the agencies. is that your view? >> yes. that's correct, senator. when the information is being provided in the credit report, presumably it's for the consumer's benefit, they are seeking the loan, they want to buy the car, they need the mortgage. they should know when that's happening and they should know the information contained in the report. >> that should be by statute, not deference. >> yes. part of this is about changing the default. right now your credit report is freely available to others within the stricture of the fair credit reporting act, but you have very little control over that. we would say give the consumer opt-in control. >> mr.
mr. chairman. >> senator reed. >> thank you, mr. chairman. mr. rotenberg, my sense from your testimony is that -- and you can confirm this -- there are two points that consumers should have legal rights, and one is that they should have the legal right to withhold or divulge their credit score, or they should know the credit information that an agency has and that should be by law, not by deference of the agencies. is that your view? >> yes. that's correct, senator. when the...
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Nov 29, 2017
11/17
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mr. reed: thank you, mr. chairman. mr. speaker, i rise today and join my colleagues in a republican-democratic, men and women standing together here on the floor of the house to join in the recognition that when it comes to sexual harassment and sexual assault across america, we say no more. we say, enough is enough. and, yes, this is a step, a small step in the right direction. but it is a legitimate step for us to reflect those that we represent across america and saying to the issue that has impacted all of us, my family included. when it comes to sexual harassment and sexual assault, we stand together as americans and in this body declare that no more shall sexual harassment and sexual assault be allowed to exist in our society. i applaud my colleagues on both sides of the aisle for doing this and the leadership they have demonstrated on this issue. once and for all. with that, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from mississippi reserves. the gentlema
mr. reed: thank you, mr. chairman. mr. speaker, i rise today and join my colleagues in a republican-democratic, men and women standing together here on the floor of the house to join in the recognition that when it comes to sexual harassment and sexual assault across america, we say no more. we say, enough is enough. and, yes, this is a step, a small step in the right direction. but it is a legitimate step for us to reflect those that we represent across america and saying to the issue that has...
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Nov 29, 2017
11/17
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mr. chairman. >> thank you, senator brown. >> senator reed. >> thank you very much, mr. chairman. thank you, governor powell for your service. as you mentioned in your introductory statement you have a dual mandate.e. one is maximum employment, but right now we seem to be doing fairly well, your comments on where we are with respect to maximum employment. maximum on the plan is indeed ourr statutory goal, and i guess the thing i would say at the beginning is it's kind of an imprecise thing. you can't look at one particular measure of what that is fixed would look at a range of things and i think, for example, 4.1% unemployment is at or around or even below mean estimate of the natural rate of unemployment. that's one. data point. there were other dimensions of for example, labor force participation really matters, particularly labor force participation by prime age workers, particularly prime age males. ore slack. more people that can come back to work. a wide range of other indicators suggest we are at or near or in the neighborhood of full employment. we really can't be more pre
mr. chairman. >> thank you, senator brown. >> senator reed. >> thank you very much, mr. chairman. thank you, governor powell for your service. as you mentioned in your introductory statement you have a dual mandate.e. one is maximum employment, but right now we seem to be doing fairly well, your comments on where we are with respect to maximum employment. maximum on the plan is indeed ourr statutory goal, and i guess the thing i would say at the beginning is it's kind of an...
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Nov 1, 2017
11/17
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mr. chairman. >> senator reed. >> thank you, mr. chairman. to all the panelists, starting with mr. stretch, when you discovered a deceptive foreign government presentation on your platform, my presumption is you said you'll stop it and take it down. do you feel an obligation in turn to notify those people who have accessed that. and can you do that? and shouldn't you do that? >> senator, we feel an obligation, as you say, first to stop the activity. second, to investigate it further. to fan out essentially from the account to make sure we're taking an expansive view of the investigation to try to capture any related activity. third, to share threat information with the industry and with the government so we can all do a better job. and fourth, to bring the issue to the attention of in this case, this committee. and the content itself, we have said we're supportive of this committee making it publicly available. the question of reaching out to individuals who may have seen it is a much more difficult and complex one, but we believe our commitment to transparency on this issue genera
mr. chairman. >> senator reed. >> thank you, mr. chairman. to all the panelists, starting with mr. stretch, when you discovered a deceptive foreign government presentation on your platform, my presumption is you said you'll stop it and take it down. do you feel an obligation in turn to notify those people who have accessed that. and can you do that? and shouldn't you do that? >> senator, we feel an obligation, as you say, first to stop the activity. second, to investigate it...
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Nov 12, 2017
11/17
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graham tweets praying for roy moore and his family says nothing about the victims, go to ralph reed's twitter feed, mr voter summit, he has made no comment whatsoever. jerry falwell jr. whose father founded the moral majority has said nothing. this is the fundamental problem here. you have people in alabama who literally are saying they would rather support an alleged pedophile than a democratic candidate. look, if you don't want to support a democrat, that's fine, but to say you're going to support roy moore, this is the problem why i don't want to hear anything from any of these folks in alabama who talk about morality, talk about character, the issue of faith, who talk about in terms of how we must be living when they are willing to stand behind a man who cannot say definitively to say he has never dated anyone under 14. i don't care if you're a republican but you better stand up for faith and values if you want to lecture the rest of america. >> okay. that was powerful enough, roland, i will move to a different topic right now. >> say it. >> with you, howard -- >> say it. >> good for you. >> anoth
graham tweets praying for roy moore and his family says nothing about the victims, go to ralph reed's twitter feed, mr voter summit, he has made no comment whatsoever. jerry falwell jr. whose father founded the moral majority has said nothing. this is the fundamental problem here. you have people in alabama who literally are saying they would rather support an alleged pedophile than a democratic candidate. look, if you don't want to support a democrat, that's fine, but to say you're going to...
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Nov 8, 2017
11/17
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KRON
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reporter: channing was out with his wife, jenna, and his producing partner reed with the premier of their documentary war dog. who knows mrmgic mike better? the wife or co-worker. >> did you know about his stripper past? >> i did. >> how did jenna react. >> she was like, what? guys want to know everything about, they're like, what, how much? >> so, channing, how much did you make? >> for what i was doing for the dollar? not enough or testify dollar. >> ladies, you didn't kip well enough? >>>let move on. from a former stripper to a former quarterback. i don't want to get in trouble. he happens to grace the cover of this month's "tv guide." mark harm season the face of the number one show in the world. i helped him celebrate the 18th "tv guide" cover. you're still generating koefrs. how good does that feel? >> it's nice to be wanted. the first one of those happened rg it was a big deal. >> in the beginning, that was mark's first cover promoting a 1989 tv movie with elizabeth taylor. do you remember this? >> i remember her, boy. she was great. >> reporter: we are on that set. mark was 38. elizabeth, 57. what do you remember
reporter: channing was out with his wife, jenna, and his producing partner reed with the premier of their documentary war dog. who knows mrmgic mike better? the wife or co-worker. >> did you know about his stripper past? >> i did. >> how did jenna react. >> she was like, what? guys want to know everything about, they're like, what, how much? >> so, channing, how much did you make? >> for what i was doing for the dollar? not enough or testify dollar. >>...