Technology, engineering, and mouth with a focus on veterans and individuals, historically underrepresented in those fields. My friends and i recently cohosted the third congressional f willf the hackathon. I look forward to the house passing these bills next week. In addition, the house will consider two measures for the Financial Services committee. The corporate, governance reform and Transparency Act sponsored by sean duffy. Improve Privacy Research while increasing transparency for Public Companies and investors. 3312, riskhr designation improvement act. This bill replaces dodd franks with ary threshold process that analyzes each institution and the individual risk factor. The house will also consider the conference report to accompany hr one, the tax cuts and jobs act, sponsored by rep presented of brady. The legislation will cap off a 31your journey to reform americas broken tax code. We will double the standard deduction, making the first 12,000 of income for an individual and 24,000 for a family tax free. You increase the Child Tax Credit because investing in families is among one of the most important ones. We will reduce it to the lowest rates they have seen in 40 years for businesses. We do this while some will find the code so americans can file in minutes on a form the size of a postcard. Republicans have championed cutting taxes and growing our economy for years, and i am excited to deliver is important promise. Finally, mr. Speaker, additional legislative items are expected, including legislation related to government funding and other endoftheyear priorities. I will be sure to inform all members if additional items are added to our schedule. With that, i think my friend and yields back to him. I think the gentleman for that information. Thet of all, i want to say majority leader and i, as well as his predecessor, mr. Cantor, and i worked together on what we caught a hackathon, which is a meeting annually of individuals involved in the hightech , and how better to communicate and process information and make transparent the work of this body and make the access of this body accessible to the general public as they happen . I want to thank the majority leader for continuing to cosponsor this effort with me and to be a leader of this effort. We just had the president signed , i think yesterday, maybe the day before, a piece of legislation, which will try to ake the government ore facile and making the technology uptodate. I think the majority leader for together in a positive way to make this institution were better and to make it more known toe and better the American People. I thank you also for the schedule that he has put forward. Speaker, the majority leader mentioned a number of things that the tax bill that will be coming before us will do. I do not believe the conference report is available for review at this point in time. Can the majority leader perhaps enlighten me as to whether or not the conference report is available now to be reviewed . I yield to my friend. I think my friend for yielding. Report to be filed online tomorrow. As you know, you have to go through and make sure from a joint tax filling in the dollar all anticipation is it will be online tomorrow for all of america to read. It is my understanding that that will be on the floor as early as tuesday of next week. Is that accurate . I yield to my friends. Yes, that is accurate. I would simply observe that what the majority leader did not mention and again, i have not seen the conference report, so this is not based upon a review of the conference report, but based upon what the senate bill in the house bill that were passed by both bodies, it will increase the debt of our country by some 1. 5 it will raise taxes on some 78 million americans. Between 50,000 of Family Income and 150,000 of income. I am assuming that the elimination of the mandate is still in the conference report. Im not sure but the information i have is that its still in the report. That will cost 13 Million People to be uninsured. As a result. I have information that what the conference report does is reduces taxes on some of the wealthiest people in america. Im not sure how they offset that. Maybe with a mandate. Maybe with something else. But 62 of the bills resources go to the top 1 in america. The speaker, speaker ryan, spoke about on this floor the average family making 59,000 a year. He mentioned that that family will get under the house bill, again i havent seen the conference report, get family making 1,182 per year in a tax cut. What the speaker did not mention is that the family in the top 1 will get a tax cut of 1,198 per week. Per week, mr. Speaker. In other words, 52 times what the struggling american will get. What the american that speaker ryan said may not be able to come up with 500 if they have a crisis with a refrigerator or their heating unit, something of that nature, or their car breaks down. We on this side of the aisle do not believe that this bill addresses relief for the struggling working men and women of this country. Its clear in all of the polling that the average working american shares that view. They believe correctly that this is a tax cut for the rich and a fuse sprinkles to the middle class. Ironic that what will happen in this tax bill is we will phase out again, to the i have not seen the conference report so i dont know exactly whether thats true or not, but in both the house and senate bills, we phased out we didnt phase out, proposed to be phased out, the benefits to those middle income, hardworking americans will see their benefits phased out. That will not be true of corporations and will not be true of the wealthiest in our country. So its troubling, mr. Speaker, that a bill of this magnitude is being rushed to judgment. In 1986, the gentleman in making his announcement said we have been working on this for 31 years. I presume he was talking about from 1986 to 2017. What he did not say, 31 years. What he did not say, is in 1986 we had 30 days of public hearings on a bill. 30 days of public hearings. What he did not say is that we had 450 witnesses during those public hearings testifying about the taxes. What he did not say is that there were nearly four months of hearings on the 1986 reform bill. And what he did not say is that the ways and Means Committee conducted 26 days of markup. This bill has received less than seven days of markup in both bodies and in the conference. This is being rushed to judgment and the American People by substantial numbers believe this bill is not good for them. Mr. Collins said that he talked to a donor and the donor said dont call me again if you dont pass this tax bill. I get that. I dont know who the donor was, i dont know how rich the donor was. Obviously the donor thought he had a real stake, or she, in this tax bill. We regret that we are not doing as we did in 1986, because what the majority leader did not mention either was that the 1986 bill was a bipartisan bill. With president reagan and president oneill supporting it, with chairman rostenkowski, a democratic chair of the house ways and Means Committee, and a republican chair of the Senate Finance committee, bob packwood from oregon, supporting the bill. It was a bipartisan bill. And what the majority leader did not mention is the 1986 bill did not add a single cent to the deficit. It was paid for. This bill is a much lesser product than it could have been. We on this side of the aisle, think we need tax reform. Were prepared to support tax reform. We believe we need to bring down the corporate rate. We believe we need to make sure that Small Businesses can grow and prosper and grow into large businesses. What we dont believe in, mr. Speaker, is simply having a bill that advantages the best off in our country and says that the advantages we give to the middle class will be phased out in a little bit, about five years. We will, according to the majority leader, consider this bill next week. It will not be bipartisan. And thats a shame. It will not be positive for the country because it will put us even more deeply into debt. And the people will pay that bill ultimately will be our children. On both sides of the aisle, we dont have a lot of members on the floor, but i say to every member on the floor, every member on this floor, im sure at some point in time you have given a speech somewhere that said, we care about the debt. Were going to bring down the debt. This bill does not do it. And anybody who believes that this bill is going to pay for itself through dynamic scoring and Economic Growth is kidding themselves. It is a rationalization to vote for a vote that is political, not policy. Because my republican colleagues believe if they dont pass this bill, they will lose the next election. I have heard that argument over and over and over again. That is not a reason to vote for this bill. It is a reason to say, lets go back to the table. Lets include mr. Neal in the consideration, the Ranking Member. Lets include mr. Wyden, the Ranking Member of the Senate Finance committee and lets include mr. Mccarthy and myself to see if we can reach a bipartisan, constructive piece of legislation will enjoy the support of a wide range of the American People and their representatives. We had an election yesterday in alabama. Mr. Jones won that election. Mr. Strange, the incumbent republican representing alabama right now lost in the primary. He has no mandate. Why rush this bill through . This bill, if it was passed on december 31 of next year would affect the 2018 taxes that would be filed in april of 2019. The need to rush this bill, mr. Speaker, seems to be and the reason for having no hearings, the reason for having no witnesses is because this bill on its merit cannot sustain itself. Now let me read you a quote, mr. Speaker. I think the message of the moment is that the American People all across the country are asking us even in the most liberal state, massachusetts, to stop this health care bill. I think that means there will be no more Health Care Votes in the senate prior to the swearing in of scott brown, whenever that may be. That statement was made on january 20, 2010, by the president majority leader, who was then, of course, the minority leader. And his proposition was, you ought to wait until scott brown is here so that massachusetts can have its vote counted. Hypocritically, he has changed his tune today. When alabama, a very conservative state, the opposite of massachusetts, has voted to elect doug jones to the senate. And i dont hear mr. Mcconnell or anybody else saying lets way for the duly elected member of the United States senator from alabama to be seated so he can vote on this bill and negative consequences to our country. Mr. Speaker, im sure the majority leader might have some comments he wants to make. And therefore, i yield to my friend, mr. Mccarthy. I thank the gentleman for yielding. I took note there are a lot of things said. Let me make sure to get through all of them. You first mentioned many times that i did not mention and i was asked the question when we would vote on the tax bill. I answered the question. I said yes, well vote on it tuesday. You said you heard it could be tuesday and i wasnt asked other questions. But now that we have, lets walk through this. One of your first arguments was debt. Do you realize in this progrowth tax cutting tax bill, if it grows 4 10 of 1 it pays for all of it. What is interesting, dont take my word for it. What happens every day to the market when they realize congress is one day closer to passing the tax bill. Everyone with a 401k gets a pay raise. The market has set more than 59 records since the election and the movement is passing the tax bill. And thats for all americans invested. Everybodys retirement is getting a little better because of it. Now what about on the jobs prospective. Broadcomm was created in america but left america, on the day of the announcement said were coming back. Not just that we are bringing so many jobs back, we are going to spend 3 billion a year in r d and 6 billion in manufacturing. And thats 20 billion a year in revenue for that company that is going to pay taxes in revenue. Thats a big company. You know what i just read the other day . Company announcing they are going to syracuse, new york, based upon our tax bill. Yes, things are changing things changing in america. People are excited, but not just those who are going to hire these thousands of americans to work, i want to make sure it happens in maryland as well. So i wanted to look at your district. So here we go. My good friend represents marylands 5th and done it for quite some time. Currently you have 47 of filers in maryland 5 that take the standard deduction. So they will be better off because they will get a doubling the president signs it. Another 11 have itemized deductions that are less than our new higher standard deduction. They will save. Not only save money but save time. Instead of spending weeks of trying to fill out a tax code it will be in minutes. You know when they fill it out, they will get money. They dont have to wait until april 15 not only in your district but across this country. Check your check come february. You know what will be in that check . More money. Because the standard deduction goes up. So thats 58 of my friends district is better off than day one. But from what you tell me, you dont think thats good enough to vote for. A majority of your district is better off on day one. Thats not even talking about the Small Businesses. The Small Businesses in your district, those that are earning 400,000, they are going to save 19,000. Im not sure i know we are dear friends but im not sure you owned a business. When i was 20, i started my first business. There are three lessons i learned, i was the first one to work and last one to leave and last one to be paid. This is going to create nor entrepreneurship, more opportunity and more people are going to be hired. Now, i know you are worried about the debt, but it just strikes me. This year, you voted for a budget, just a couple of months ago and im not going to go back to another congress that increased the deficit by 6. 8 trillion. Only worried about debt at certain times . This bill is going to grow the economy as we have watched quarter after quarter after quarter in the new administration. I have to make sure i get all of it. You talk about hearings. We had 59 public hearings. We printed it out about what we would do on tax. Lets get to the core. Lets say to all americans, doesnt matter where you live whether you sit on this side of the aisle, or that side of the aisle, democrat, republican, you are an american first. Lets take the average family. The average family of four making 55,000. You know how much tax they are going to pay . Zero. Zero. But that still isnt good enough for you. Its very interesting in my social science study of what the party on the other side of the aisle used to say they were for. I believe in the day if you would have stood up here and said i have a tax bill to make sure the family of four making 55,000 is going to pay zero, they would be excited. You talk to me about bipartisanship. Thats a question for you. Bipartisanship, bipartisanship when we reach out to you about chip, a place not to play politics, we even stopped a hearing and a markup that we had scheduled well in the future because you came to us, your side of the aisle, and asked us to because you thought you could come to an agreement and told by your leadership that no, nobody could vote for it. We put a bill that put things in the bill that we thought you would even want. But no, you still voted no. How many times have you told me on this floor, maybe it was a few months ago and ill quote you if i may about government funding. Because i was concerned, because i had read some articles in the New York Times that suggested as the Minority Party showing resistance in the era of President Trump, the democrats are willing to let the lights of government go dark. I wanted to know if that was true or false. You said to me, when i asked my friend whether that rumor was true, you said nobody is wanting to shut the government down. We dont want to shut the government down. You continued to say, i assure it is neither our intent or desire. Matter of fact we want to work quickly to avoid that happening. Thats not good obviously for the American People. Its not good for managers trying to plan on how to deliver services and its certainly not good for our federal employees. So i want to work with you to make sure that doesnt happen. That was in march, just nine months ago. And i wonder what changed in those nine months because just last week, and i tell my friend there was no partisanship inputting a continuing resolution on the floor for two weeks. There was no poison pill on this side of the aisle. It was a clean one. And i watched sitting at this desk where the vote was going and i watched the other side. I watched people not that they just voted no, they were whipped into the position to vote no. I watched the tally. And once the tally got passed the magic number of 218, he put his thumb up because he gave the ok in his conference that were told not to vote until it passed. I just wonder what happened to bipartisanship on something that is so bipartisan. I know that thousands of federal employees you have in your district. But that is just i listened, mr. Speaker, to the leader of the Democratic Party on the other side, you said just two days prior, the only person talking about the shutdown is President Trump. The only person taking action and whipping to get to a shutdown was on this floor. We have had open hearings, republican and democrat. We had an open, bipartisan, bicameral conference. They have walked through an entire bill. Weve made sure the americans are going to get a tax cut and jobs are going to be created. It is already happening before the bill is even signed. Im not sure if i didnt mention something else. Because you try to correct if something was not mentioned, but i wanted to make sure i answered all those questions for you, because i know not just in your district, that every f