President Donald Trump Marks Passage Of Tax Bill (Full) | NBC News

President Donald Trump Marks Passage Of Tax Bill (Full) | NBC News


ACCOMPLISHMENT THAT WILL BRING JOBS AND ECONOMIC GROWTH WHILE PUSHING BACK AGAINST CRITICS WHO WAS SLAMMING THE PLAN. IT IS A BIG WIN FOR REPUBLICANS. ALSO A BIG GAMBLE. OUR CHIEF WHITE HOUSE CORRESPONDENT HALLIE JACKSON IS STANDING BY. WE FIRST GOT WORD EARLY TODAY THIS WOULD BE A NEWS CONFERENCE. THIS IS SOMETHING ELSE.>>Reporter: SOUNDS LIKE THAT IS NOT THE CASE. WE’RE ABOUT 15 OR SO ROWS FROM WHERE THE PRESIDENT IS COMING DOWN. HE’LL TAKE THE MICROPHONE SURROUNDED BY HIS PARTY AND FRANKLY THE ATMOSPHERE HERE FEELS LIKE ONE. YOU SEE A LOT OF SMILES ON THE FACES NOT JUST OF THE MEMBERS OF CONGRESS WHO HAVE LINED UP ON THE STAIRS BEHIND THE PRESIDENT BUT FROM FAMILY MEMBERS, CABINET MEMBERS HERE IN THE AUDIENCE. WHY? BECAUSE THIS REALLY IS THE PRESIDENT’S FIRST MAJOR LEGISLATIVE ACCOMPLISHMENT. THIS IS A PROMISE MADE AND A PROMISE KEPT AS THE PRESIDENT WALKS OUT NOW.>>WE HEARD FROM THE PRESIDENT A BIT EARLIER TODAY I KNOW AND HE ALSO REMINDED US THAT THIS IS IN MANY WAYS — LET’S GO TO THE PRESIDENT. [ APPLAUSE ] [ CHEERS AND APPLAUSE ]>>YOU’RE SEEING THE PRESIDENT GREET REPUBLICAN LEGISLATORS THERE. LET ME BRING IN CHUCK TODD. CHUCK, THIS WOULD SEEM LIKE POPULACE LEGISLATION, BUT IT IS NOT POPULAR WITH THE AMERICAN PUBLIC. WHY IS THAT?>>NO, IT’S NOT. I THINK PART OF IT YOU CAN SEE THE DEMOCRATS HAVE DONE A GOOD JOB SHAPING, QUOTE UNQUOTE THE NARRATIVE OF THE TAX BILL. IT DOES REMIND ME I’M HAVING FLASHBACKS TO THE SIGNING OF OBAMACARE AND THE U — THEY’RE CELEBRATING AND A MAJORITY OF THE COUNTRY ARE SCRATCHING THEIR HEADS. I THINK WE’RE SEEING THE SAME THING. THIS IS A TRIBAL POLITICAL VICTORY. REPUBLICANS, THE BASE ACTIVISTS ARE HAPPY. THE DONOR CLASS IS HAPPY T. SEEMS LIKE A MAJORITY OF THE COUNTRY SCRATCHING THEIR HEADS GOING WAIT A MINUTE, I DON’T KNOW WHETHER TO CELEBRATE.>>THANK YOU VERY MUCH. THESE ARE THE PEOPLE RIGHT BEHIND ME. THEY’VE WORKED SO LONG, SO HARD. IT’S BEEN AN AMAZING EXPERIENCE I HAVE TO TELL YOU. HASN’T BEEN DONE IN 34 YEARS, BUT ACTUALLY REALLY HASN’T BEEN DONE BECAUSE WE BROKE EVERY RECORD. IT’S THE LARGEST I ALWAYS SAY THE MOST MASSIVE, BUT IT’S THE LARGEST TAX CUT IN THE HISTORY OF OUR COUNTRY AND REFORM. BUT TAX CUT. REALLY SOMETHING SPECIAL. [ APPLAUSE ]>>I KNOW THIS JUST CAME OUT TWO MINUTES AGO. THEY HAND TODAY TO ME. AT&T PLANS TO INCREASE U.S. CAPITAL SPENDING $1 BILLION AND PROVIDE $1,000 SPECIAL BON US TO MORE THAN 2,000 U.S. EMPLOYEES. THAT’S PRETTY GOOD. [ APPLAUSE ]>>THAT’S PRETTY GOOD. AND I HAVE A WHOLE LIST OF ACCOMPLISHMENTS THAT THE GROUP BEHIND ME HAVE DONE IN TERMS OF THIS ADMINISTRATION AND THIS CONGRESS, BUT YOU’VE HEARD IT BEFORE. RECORDS ALL OVER THE PLACE. THAT WILL CONTINUE. AND THEN SOME BECAUSE OF WHAT WE DID. BUT $3.2 TRILLION IN TAX CUTS FOR AMERICAN FAMILIES INCLUDING DOUBLING THE STANDARD DEDUCTION AND DOUBLING THE CHILD TAX CREDIT. THE TYPICAL FAMILY OF FOUR EARNING $75,000 WILL SEE AN INCOME TAX CUT OF $2,000. THAT’S IN MY OPINION GOING TO BE LESS THAN THE AVERAGE. YOU’RE GOING TO HAVE A LOT MORE THAN THAT. [ APPLAUSE ]>>ONE THING VERY IMPORTANT FOR THE FARMERS, THE GREAT FARMERS AND THE GREAT SMALL BUSINESS OWNERS THAT WERE FORCED TO SELL THEIR BUSINESSES AT BARGAIN BASEMENT NUMBERS, WE HAVE PROVIDED FOR THE MOST PART ESTATE TAXES WIPED OUT SO THEY CAN KEEP THEIR FARMS IN THE FAMILY AND THAT TO ME IS A VERY BIG FACTOR, VERY BIG. [ APPLAUSE ]>>THIS IS GOING TO MEAN COMPANIES ARE GOING TO BE COMING BACK. I CAMPAIGNED ON THE FACT THAT WE’RE NOT GOING TO LOSE OUR COMPANIES ANYMORE. THEY’RE GOING TO STAY IN OUR COUNTRY. THEY’RE GOING TO STAY IN OUR COUNTRY. YOU’VE BEEN SEEING WHAT’S BEEN HAPPENING EVEN AT THIS PROSPECT. BUT THEY HAVE TREMENDOUS ENTHUSIASM RIGHT NOW IN THIS COUNTRY AND WE HAVE COMPANIES POURING BACK INTO OUR COUNTRY T. IT MEANS THE FORMATION OF NEW STRONG COMPANIES. THE PASS THROUGHS YOU KNOW ALL ABOUT AND THE BUSINESSES ARE GOING TO BE BENEFICIARIES. WE ARE GOING TO BRING$4 TRILLION BACK INTO THIS COUNTRY. MONEY THAT WAS OVERSEAS. SOME OF THEM DON’T EVEN LIKE US. I GUESS IT’S VERY SIMPLE. WHEN YOU THINK YOU HAVEN’T HEARD THIS EXPRESSION, BUT WE ARE MAKING AMERICA GREAT AGAIN. YOU HAVEN’T HEARD THAT, HAVE YOU? [ CHEERS AND APPLAUSE ]>>I WANT TO HAVE THEM GET UP AND GET THE GLAMOUR AND THE GLORY. I WANT TO HAVE A FEW OF THEM COME UP. THEY’LL SPEAK A LITTLE WHILE AND SHORT. THE SHORTER, THE BETTER, THAT WAY WE CAN GET ALL OF YOU, GET EVERYBODY UP. I WANT TO THANK MITCH McCONNELL. I WANT TO THANK — WHAT A JOB. WHAT A JOB. [ APPLAUSE ]>>I WANT TO THANK PAUL. THEY’RE GOING TO SAY A FEW WORDS. PAUL RYAN AND MITCH, WHO WAS A LITTLE TEAM. WE GOT TOGETHER AND WE WOULD WORK VERY HARD, DIDN’T WE? IT SEEMS LIKE — IT WAS A LOT OF FUN. IT’S ALWAYS A LOT OF FUN WHEN YOU WIN. IF YOU WORK HARD AND LOSE, THAT’S NOT ACCEPTABLE. BUT I’M JUST GOING TO NAME A FEW NAMES AND THEN SOME OF THEM WILL COME UP. PEOPLE THAT I SAW SO MUCH OVER THE LAST MONTH AND REALLY OVER THE LAST ALMOST YEAR. BECAUSE WHEN YOU THINK OF IT, WE HAVEN’T EVEN BEEN A YEAR. WE DID THE LARGEST TAX CUT IN OUR HISTORY. I HATE TO SAY THIS, BUT WE ESSENTIALLY REPEALED OBAMACARE BECAUSE WE GOT RID OF THE INDIVIDUAL MANDATE WHICH WAS TERRIBLE. [ APPLAUSE ]>>THAT WAS A PRIMARY SOURCE OF FUNDING OF OBAMACARE. AND ANWAR. SO A FRIEND OF MINE, CONGRATULATIONS. AND DAN, WHERE’S DAN? AND DON. WHERE’S DAN?>>HE’S NOT HERE.>>I’LL TELL YOU, BETWEEN DAN AND DON AND LISA, YOU’VE DONE A VERY GREAT JOB. HE SAID WE HAVE BEEN TRYING TO GET THAT PASSED, THE WHOLE COUNTRY, THE WORLD, THEY TRIED IN RONALD REAGAN. THEY TRIED WITH THE BUSHES. THEY TRIED WITH EVERYBODY. THEY NEVER GOT ANWAR. SO WE HAVE ANWAR. WE HAVE MANDATE. AND WE HAVE THE TAX CUT AND WE HAVE THE REFORM. WHEN YOU ADD UP THE SIZE OF THIS BILL, IT’S REALLY GREAT. LISA, THANK YOU VERY MUCH. LISA MURKOWSKI. JOHN CORNYN. ORRIN HATCH. ORRIN IS A SPECIAL PERSON. TIM SCOTT WHO HAS BEEN SO INCREDIBLE. HE’S GOING TO SAY A FEW WORDS. [ APPLAUSE ] TIM SCOTT HAS BEEN GREAT. JOHN THUNE. GREAT JOB, JOHN. ROB PORTMAN, A REAL STUDENT OF THE TAX WORLD. ROB, THANK YOU VERY MUCH. [ APPLAUSE ]>>I WANT TO THANK — I SAID HELLO TO JOHN CORNYN. PAT TOOMEY. WE RODE TOGETHER IN PENNSYLVANIA, BUT PAT, WHERE’S PAT? [ APPLAUSE ]>>GREAT JOB. HE KNOWS HIS BUSINESS. SUSAN COLLINS WE WANT TO THANK. THANK YOU, SUSAN. I LOOK AT THESE PEOPLE, IT’S LIKE WE’RE WARRIORS TOGETHER. CHRISTINE OHM ON THE HOUSE, AND DIANE BLACK. OUR GREAT SPEAKER PAUL RYAN AND HE IS A GREAT SPEAKER. [ CHEERS AND APPLAUSE ]>>GREAT JOB. KEVIN McCARTHY. [ CHEERS AND APPLAUSE ]>>KEVIN, WHAT A JOB. WE HAD FUN. DIDN’T WE HAVE A GOOD TIME? STEVE SCALISE IS BRAVER THAN ALL OF US. WHERE IS HE? [ CHEERS AND APPLAUSE ]>>OH, BOY, I DON’T KNOW. HE HAD A ROUGHER YEAR THAN MOST OF US. IT’S A HELL OF A WAY TO LOSE RATE, STEVE. NOT A GOOD WAY. WE LOVE YOU, STEVE. KEVIN BRADY. I MENTIONED AT&T BUT MANY COMPANIES HAVE COME FORWARD AND SAYING THEY’RE SO HAPPY. WE’RE GOING TO SEE SOMETHING THAT’S GOING TO BE VERY SPECIAL. WE’RE BRINGING THE ENTREPRENEUR BACK INTO THE COUNTRY. WE’RE GETTING RID OF ALL THE KNOTS AND ALL THE TIES AND YOU’RE GOING TO SEE WHAT HAPPENS. WHAT DOES IT MEAN? IT MEANS JOBS, JOBS, JOBS. IT’S GOING TO BE REALLY A VERY SPECIAL PERIOD OF TIME. WE’RE IN A VERY SPECIAL PERIOD OF TIME. I WANT TO THANK EVERYBODY BEHIND ME. MAYBE I COULD START WITH MITCH AND THEN WE’LL GO TO PAUL AND THEN WE’RE GOING TO HAVE A FEW OF THE FOLKS COME UP AND SAY A FEW WORD AND WE’LL HAVE A LITTLE FUN. THANK YOU. MITCH, HOW ABOUT YOU START IT. [ APPLAUSE ]>>WELL, LET ME JUST SAY, MR. PRESIDENT, YOU MADE THE CASE FOR THE TAX BILL. BUT THIS HAS BEEN A YEAR OF EXTRAORDINARY ACCOMPLISH MENT FOR THE TRUMP ADMINISTRATION. [ APPLAUSE ]>>WE’RE CEMENTED THE SUPREME COURT RIGHT OF CENTER FOR A GENERATION. [ APPLAUSE ]>>MR. PRESIDENT, THANKS TO YOUR NOMINEES, WE’VE PUT 12 CIRCUIT COURT JUDGES IN PLACE, THE MOST SINCE THE CIRCUIT COURT SYSTEM WAS ESTABLISHED IN 1891. YOU HOLD THE RECORD. [ APPLAUSE ]>>YOU’VE ENDED THE OVERREGULATION OF THE AMERICAN ECONOMY. THAT COUPLED WITH WHAT WE DID LAST NIGHT AND WHAT THE HOUSE FINISHED THIS MORNING MEANS AMERICA IS GOING TO START GROWING AGAIN. THANK YOU, MR. PRESIDENT, FOR ALL YOU’RE DOING. [ APPLAUSE ]>>FIRST OF ALL, WHAT THIS REPRESENTS IS A PROMISE THAT EACH AND EVERY ONE OF US MADE TO THE AMERICAN PEOPLE LAST YEAR IS A PROMISE THAT IS KEPT TODAY. [ APPLAUSE ]>>SOMETHING THIS BIG, SOMETHING THIS GENERATIONAL, SOMETHING THIS PROFOUND COULD NOT HAVE BEEN DONE WITHOUT EXQUISITE PRESIDENTIAL LEADERSHIP. MR. PRESIDENT, THANK YOU FOR GETTING US OVER THE FINISH LINE. THANK YOU FOR GETTING US WHERE WE ARE. [ APPLAUSE ]>>I JUST WANT TO QUICKLY SAY A THANKS, BECAUSE THIS HAS BEEN SUCH A TEAM EFFORT FROM EVERYBODY. I WANT TO THANK GARY COHN AND STEVE MNUCHIN FOR WHAT THEY DID TO GET US HERE. I WANT TO THANK MY PARTNER MITCH McCONNELL OVER IN THE SENATE FOR GETTING US TO WHERE WE ARE AND I WANT TO THANK THESE TWO CHAIRMEN, ORRIN HATCH AND KEVIN BRADY, THANK YOU SO MUCH FOR YOUR LEADERSHIP ON THIS. [ APPLAUSE ]>>IT IS REALLY SIMPLE. THE MESSAGE TO THE HARD WORKING TAXPAYERS OF AMERICA IS YOUR TAX RELIEF IS ON ITS WAY. THAT IS WHAT’S HAPPENING HERE. THE MESSAGE TO THE FAMILIES IN AMERICA WHO HAVE BEEN STRUGGLING PAYCHECK AND PAYCHECK, YOUR TAX RATES ARE GOING DOWN AND YOUR PAYCHECKS ARE GOING UP. THIS IS THE KIND OF TAX REFORM AND TAX CUTS THAT GET OUR ECONOMY GROWING TO REACH ITS POTENTIAL. THIS GETS US BETTER WAGES, BIGGER PAYCHECKS, THIS GETS THE AMERICAN ECONOMY COMPETITIVE IN THE GLOBAL ECONOMY. THIS IS ONE OF THE MOST IMPORTANT THINGS WE COULD DO FOR ALL OF THE PEOPLE WE REPRESENT. THIS IS GENERATIONAL. WE’RE SO EXCITED THAT WE’RE GOING TO LAUNCH NEXT YEAR THIS FANTASTIC TAX REFORM SO THAT THE AMERICAN PEOPLE CAN SEE HOW WE CAN TRULY REACH OUR ECONOMIC GROWTH AND OUR ECONOMIC POTENTIAL AND IF IT WEREN’T FOR ALL THE LEADERSHIP OF THE MEN AND WOMEN UP HERE, THIS WOULD NOT HAVE BEEN MADE POSSIBLE. LASTLY, I WANT TO THANK THE AMERICAN PEOPLE. I WANT TO THANK THE AMERICAN PEOPLE FOR PUTTING THEIR TRUST IN US, FOR GIVING US THIS CHANCE AND THIS ABILITY TO MAKE THIS MOMENT POSSIBLE. THANK YOU VERY MUCH. [ APPLAUSE ]>>A MAN WHO’S BEEN WORKING VERY HARD. THANK YOU, PAUL. VERY, VERY HARD FOR A LONG PERIOD OF TIME AND LAST NIGHT WAS VERY MUCH A CULMINATION. BUT I DON’T KNOW IF WE’LL HAVE BIGGER MOMENTS, BUT WE HOPE TO. WE’RE GOING TO TRY. A VERY SPECIAL GUY AND GREAT FRIEND OF MINE, VICE PRESIDENT MIKE PENCE. [ APPLAUSE ]>>THANK YOU, MR. PRESIDENT. THANK YOU FOR THOSE KIND WORDS. MORE IMPORTANTLY, THANK YOU FOR YOUR LEADERSHIP. THANK YOU FOR YOUR BOUNDLESS FAITH IN THE AMERICAN PEOPLE. AND THANK YOU FOR KEEPING YOUR PROMISE TO SEE THIS CONGRESS DELIVER THE LARGEST TAX CUT IN AMERICAN HISTORY BEFORE CHRISTMAS OF THIS YEAR. [ APPLAUSE ]>>MERRY CHRISTMAS, AMERICA. [ APPLAUSE ]>>TO MEMBERS OF OUR CABINET, TO LEADER McCONNELL, SPEAKER RYAN, ALL THESE MEMBERS OF CONGRESS, THANK YOU. THANK YOU NOT ONLY FOR BEING HERE TODAY FOR THIS SPECIAL MOMENT, BUT THANK YOU FOR YOUR LEADERSHIP AND SUPPORT THROUGHOUT THIS YEAR. I TRULY DO BELIEVE, MR. PRESIDENT, THAT THIS WILL BE REMEMBERED AS A PIVOTAL MOMENT IN THE LIFE OF OUR NATION. A DAY WHEN CONGRESS ANSWERED YOUR CALL AND MADE HISTORY. BUT HONESTLY I WOULD SAY TO THE AMERICAN PEOPLE PRESIDENT TRUMP HAS BEEN MAKING HISTORY SINCE THE FIRST DAY OF THIS ADMINISTRATION. [ APPLAUSE ]>>WE’VE BEEN REBUILDING OUR MILITARY. STANDING WITH OUR VETERANS. JUST LAST WEEK PRESIDENT TRUMP SIGNED ONE OF THE LARGEST INVESTMENTS IN OUR NATIONAL DEFENSE SINCE THE DAYS OF RONALD REAGAN. WE’VE BEEN DEFENDING OUR BORDERS, UPHOLDING THE RULE OF LAW. ILLEGAL CROSSINGS ON THE SOUTHERN BORDER ARE DOWN BY MORE THAN 50%. PRESIDENT TRUMP HAS BEEN RESTORING AMERICAN CREDIBILITY ON THE WORLD STAGE. STANDING WITH OUR ALLIES AND STANDING UP TO OUR ENEMIES. AS THE PRESIDENT REFLECTED EARLIER TODAY, OUR NATO ALLIES ARE PAYING MORE TOWARD THEIR COMMON DEFENSE. NORTH KOREA IS MORE ISOLATED THAN EVER BEFORE. THIS PRESIDENT’S PUT IRAN ON NOTICE AND PUT THE WAR ON AFGHANISTAN ON A PATH TO VICTORY. AND THANKS TO THE LEADERSHIP OF THIS COMMANDER IN CHIEF AND THE COURAGE OF OUR ARMED FORCES, ISIS IS ON THE RUN. THEIR CAPITAL HAS FALLEN. THEIR SO-CALLED CALIPHATE HAS CRUMBLED ACROSS SYRIA AND IRAQ. [ APPLAUSE ]>>BUT WHAT BRINGS US HERE TODAY IS THAT PRESIDENT TRUMP ALSO KNOWS THAT AMERICAN STRENGTH STARTS WITH A GROWING AMERICAN ECONOMY. FROM THE FIRST DAY OF THIS ADMINISTRATION, THIS PRESIDENT CHAMPIONED FREE AND FAIR TRADE. HE ROLLED BACK FEDERAL RED TAPE AT RECORD LEVELS. WE’VE UNLEASHED AMERICAN ENERGY. TODAY, MR. PRESIDENT, YOU FULFILLED THE PROMISE YOU MADE TO MILLIONS OF AMERICANS STRUGGLING IN THIS ECONOMY TO CUT TAXES ACROSS THE BOARD FOR WORKING FAMILIES AND BUSINESSES LARGE AND SMALL. IN AUGUST OF THIS YEAR THE PRESIDENT LAID OUT HIS VISION FOR A TAX CUT THAT WOULD BE A MIDDLE CLASS MIRACLE. THAT’S EXACTLY WHAT THE CONGRESS PASSED TODAY. [ APPLAUSE ]>>THIS TAX CUT WILL PUT MORE MONEY IN THE POCKETS OF THE AMERICAN PEOPLE. IT WILL MAKE OUR TAX CODE MORE SIMPLE, MORE FAIR, MORE EASY TO UNDERSTAND. IT WILL MAKE BUSINESSES ACROSS AMERICA FOR COMPETITIVE TO CREATE GOOD PAYING JOBS AND RAISE WAGES FOR WORKING AMERICANS. I CAN TELL YOU I SERVE WITH HIM EVERY DAY. PRESIDENT DONALD TRUMP IS A MAN OF HIS WORD. HE’S A MAN OF ACTION. AND WITH THE STRONG SUPPORT OF THESE MEMBERS OF CONGRESS, PRESIDENT DONALD TRUMP DELIVERED A GREAT VICTORY FOR THE AMERICAN PEOPLE. [ APPLAUSE ]>>WE MADE HISTORY TODAY. BUT AS THE PRESIDENT SAID WHEN WE GATHERED THIS MORNING, A FEW OF US WITH A FEW LESS HOURS SLEEP THAN USUAL, WE’RE JUST GETTING STARTED. AND I CAN ASSURE YOU THIS PRESIDENT AND THIS ENTIRE ADMINISTRATION WILL NOT REST AND RELENT UNTIL THE FORGOTTEN MEN AND WOMEN OF AMERICA ARE FORGOTTEN NO MORE. SO THANK YOU, MR. PRESIDENT. THANK YOU FOR YOUR LEADERSHIP. THANK YOU FOR YOUR LOVE FOR THIS COUNTRY AND THE PEOPLE OF THIS COUNTRY. AND I KNOW IN MY HEART WITH THE STRONG CONTINUED SUPPORT OF THE MEMBERS OF CONGRESS WHO ARE GATHERED ON THESE STEPS AND WITH GOD’S HELP, YOU WILL MAKE AMERICA GREAT AGAIN. [ APPLAUSE ]>>THANK YOU, MIKE, VERY MUCH. A FRIEND OF MINE, A VERY, VERY SPECIAL MAN, TIM SCOTT. TIM, I’D LIKE YOU TO SAY A FEW WORDS. HE CAME IN AND HE WOULD SOLVE SOME PROBLEMS THAT WE WEREN’T LOOKING TOO GOOD A COUPLE OF TIMES. TIM WAS TREMENDOUS HELP. THANK YOU, TIM. [ APPLAUSE ]>>MR. PRESIDENT, DURING ONE OF THOSE CONVERSATIONS THAT WE HAD, WE TALKED ABOUT WAYS TO IMPROVE DISSTRESSED COMMUNITIES THROUGHOUT THIS COUNTRY. 52 MILLION AMERICANS LIVING IN DISTRESSED COMMUNITIES AND WE TALKED ABOUT LEGISLATION THAT CAN MOVE THOSE COMMUNITIES FORWARD. AND YOU SAID YES. AND AS A PART OF THIS TAX REFORM PACKAGE, THE INVESTING AND OPPORTUNITY ACT HAS BEEN INCLUDED WHICH WILL BRING TRILLIONS OF DOLLARS INTO POOR COMMUNITIES BECAUSE OF YOUR WILLINGNESS TO LISTEN. [ APPLAUSE ]>>THE PRESIDENT SAID I ONLY HAVE ABOUT 45 MORE MINUTES, SO I’M GOING TO GET TO MY — [ LAUGHTER ]>>HE DIDN’T SAY THAT. OKAY. GOT IT. LET ME JUST SAY TO THOSE AMERICANS WHO ARE WATCHING THIS PROCESS, THIS IS NOT ABOUT WASHINGTON. IT’S NOT ABOUT THE LEFT. IT’S NOT ABOUT THE RIGHT. IT’S ABOUT SINGLE PARENT MOMS WHO ARE LOOKING FOR A REASON TO BE HOPEFUL IN 2018. THIS TAX REFORM PLAN DELIVERS FOR THE AVERAGE SINGLE MOTHER A 70% TAX CUT. FOR THE AVERAGE FAMILY WHO’S WORKING PAYCHECK TO PAYCHECK, LOOKING FOR WAYS TO BE HOPEFUL ABOUT THEIR FUTURE. TO HAVE AN EXTRA NIGHT FOR DINNER OUT AT A RESTAURANT. THIS TAX REFORM PACKAGE CUTS THEIR TAXES BY NEARLY 60%. AND BECAUSE OF FOLKS LIKE MARCO RUBIO, AND IVANKA, WHEN YOU THINK ABOUT FOLKS WITH KIDS IN THE HOUSEHOLD, THIS PLAN DOUBLES THE CHILD TAX CREDIT AND MAKES ABOUT 70% OF IT REFUNDABLE. THIS IS A PLAN THAT WE CAN BE PROUD OF. BECAUSE IT SPEAKS TO THE HEART OF EVERYDAY AMERICANS. [ APPLAUSE ]>>DIANE, COME ON UP. DIANE BLACK. THANK YOU. [ APPLAUSE ]>>THIS HAS BEEN LIVE COVERAGE FROM THE SOUTH LAWN OF THE WHITE HOUSE. THE PRESIDENT LEADING FELLOW REPUBLICANS, REPUBLICANS FROM THE HOUSE AND SENATE IN A GIDDY CELEBRATION AND A LOT OF BACK PATTING FOR THE PASSAGE OF THE TAX REFORM BILL, THE SWEEPING OVERHAUL OF THE TAX CODE IN DECADES IN THIS COUNTRY THAT WILL PROMISE TAX CUTS TO MOST AMERICANS. BRING ON CASE HE HUNT WHO COVERS CAPITOL HILL FOR US. SHE’S WATCHED THIS PROCESS. THE PRESIDENT TALKED ABOUT THE AVERAGE AMERICAN MAKING $75,000 A YEAR. HE ALSO TALKED ABOUT BIG BUSINESSES WHICH WILL SEE A CUT AND HOPEFULLY REINVEST IN THE COUNTRY. WHAT ELSE DO WE NEED TO KNOW ABOUT THIS?>>WELL, LESTER, THIS WAS A REAL CELEBRATION OF, YOU KNOW, QUITE FRANKLY THE FIRST TIME REPUBLICANS HAVE BEEN ABLE TO CELEBRATE A MAJOR LEGISLATIVE WIN SINCE THE PRESIDENT TOOK OFFICE. THEY SAY THAT AND THE PRESIDENT IS CORRECT THAT THIS BILL WILL GIVE MOST AMERICANS A TAX CUT AT LEAST RIGHT OFF OF THE BAT. IT WILL ALSO OF COURSE CUT TAXES FOR CORPORATE AMERICA. THAT’S WHERE THE CRITICISM FROM DEMOCRATS COMES IN. THEY SAY THOSE TAX CUT IT IS ARE BEING PAID FOR BY MIDDLE CLASS AMERICANS. I THINK THE POLITICAL FIGHT TO COME OVER WHO’S RIGHT ABOUT THAT IS REALLY GOING TO DEFINE THE MIDTERM ELECTIONS THAT ARE COMING UP. BUT FOR TODAY I WAS STRUCK BY THE LEADERS OF THE REPUBLICAN PARTY IN CONGRESS WITH SOME VERY HIGH PRAISE FOR A PRESIDENT THAT THEY HAVE SOMETIMES CLASHED WITH AND OFTEN CRITICIZED. PAUL RYAN SAID THAT THIS WAS EXQUISITE PRESIDENTIAL LEADERSHIP AND MITCH McCONNELL PRAISED THE EXTRAORDINARY ACCOMPLISHMENTS OF THE TRUMP ADMINISTRATION. HE ALSO CITED JUDICIAL NOMINEES. THIS BILL IS GOING TO IMPACT EVERY SINGLE AMERICAN FAMILY. >>KASIE HUNT, THANK YOU. ANDREA MITCHELL ALSO WATCHING ALONG WITH US. ANDREA, WHO WINS, WHO LOSES HERE? DRILL DOWN FOR US.>>WELL, THE REAL WINNERS ARE CORPORATIONS BECAUSE THOSE TAX CUTS ARE PERMANENT. THEY’RE NOT GOING TO EXPIRE. THE INDIVIDUAL TAX CUTS DO EXPIRE. AND FRANKLY THE TOP 1%, 91% OF THE TOP 1% EARNERS IN THIS COUNTRY, THAT VERY SMALL PERCENTAGE, THEY ALL GET TAX CUTS. 91% OF THEM. BUT ONLY 54% OF THE LOW AGE WAGE EARNERS IN THE COUNTRY GET A TAX CUT. THERE ARE A LOT OF PEOPLE LEFT OUT OF THIS. CERTAINLY PEOPLE IN HIGH TAX STATES. PEOPLE WHO DEPEND ON THEIR MORTGAGE DEDUCTIONS AND STATE AND LOCAL TAX DEDUCTIONS. THERE IS AN INCREASE IN THE STANDARD DEDUCTION AND DOUBLING OF THE CHILD TAX CREDIT, BUT THERE ARE A LOT OF PEOPLE IN PLACES LIKE NEW YORK, CALIFORNIA, NEW JERSEY, ILLINOIS WHO WILL BE LOSERS HERE. CERTAINLY A LOT OF THEM ARE IN THE MIDDLE CLASS.>>ALL RIGHT. ANDREA MITCHELL, THANK YOU. LET ME BRING CHUCK TODD IN. THESE REPUBLICAN LEADERS ALMOST GIDDY IN THEIR SUPPORT OF THE PRESIDENT, IN CELEBRATING THIS PARTICULAR MOMENT. IS THIS THE ALL-IN POINT NOW THAT MEMBERS WILL LIVE OR DIE COME THE MIDTERMS?>>NO. I THINK THIS IS MORE OF A SENSE OF RELIEF BECAUSE LESTER, WITHOUT THIS BILL, THINK ABOUT WHAT THE YEAR LONG ACHIEVEMENT LIST WOULD BE, WOULD LOOK LIKE FOR THE REPUBLICAN PARTY HAVING CONTROL OF THE HOUSE AND THE SENATE AND THE WHITE HOUSE. WITHOUT THIS BILL, WHICH INCLUDES THE REPEAL OF THE OBAMACARE MANDATE, WHICH INCLUDES DRILLING IN THE ARCTIC NATIONAL WILDLIFE REFUGE, TWO ISSUES THAT REALLY HAVE NOTHING TO DO WITH TAX POLICY BUT ARE PART OF THAT, THAT IS SUDDENLY, YOU THROW THIS ON TOP AND SUDDENLY IT’S A VERY PRODUCTIVE YEAR FOR FULL-FLEDGED REPUBLICAN CONTROL, AT LEAST IF YOU’RE — IF THAT’S WHAT YOU WANTED TO SEE. SO I THINK IT’S MORE OF A SENSE OF RELIEF THAT THEY HAVE SOMETHING TO RUN ON. THEY HAVE AN ACCOMPLISH TO HANG . THE QUESTION’S GOING TO BE DEMOCRATS THOUGHT RUNNING ON OBAMACARE WOULD HELP THEM EVENTUALLY. IT DIDN’T. WILL THIS TAX BILL HELP THE REPUBLICANS IN ’18? WE’RE GOING TO FIND OUT. >>AND A PRESIDENT WHO CONTINUES TO POLL IN TERMS OF APPROVAL RATINGS VERY LOW. IS THIS A TURNING POINT?>>WE’LL SEE. THIS ECONOMY’S BEEN HUMMING ALONG, LESTER. IT HASN’T HELPED THE PRESIDENT’S NUMBERS. SO IT COULD BE THAT THE PRESIDENT’S ISSUES WITH THE AMERICAN PUBLIC OR THE AMERICAN PUBLIC’S ISSUES WITH HIM AREN’T TIED TO THE ECONOMY. I CAN TELL YOU THERE ARE A LOT OF REPUBLICANS WHO ARE RUNNING FOR REELECTION IN ’18 THAT HOPE THE PUBLIC DOES RESPOND TO THE ECONOMY SO THAT IT MAYBE SOFTENS THE BLOW RIGHT NOW, SORT OF A BIT OF A WEIGHT THAT THE PRESIDENT PERSONALLY IS RIGHT NOW ON THE REPUBLICAN PARTY.>>CHUCK TODD. CHUCK, THANK YOU VERY MUCH. AS THAT SESSION CONTINUES OUTSIDE THE WHITE HOUSE, THE PRESIDENT AND MEMBERS OF THE HOUSE AND SENATE CELEBRATING THE PASSAGE OF THIS SWEEPING TAX OVERHAUL BILL. THE TIMING OF WHEN THE PRESIDENT WILL SIGN IT HAS NOT BEEN ANNOUNCED. WE EXPECT THAT TO BECOME CLEAR WITHIN THE DAYS AHEAD. CLEARLY HE WILL SIGN IT. WE WILL HAVE PLENTY OF REACTION TO THIS AND MORE WHEN SEE YOU TONIGHT ON NBC NIGHTLY NEWS. FOR NOW I’M LESTER

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