00:00I ask unanimous can't the quorum call be vitiated without objection I come to the floor today to
00:05talk about the Republican plan for American prosperity in terms of why it is so popular
00:12that's because Republicans want to cut taxes Democrats they want to raise taxes Republicans
00:19want to grow the economy the Democrats they want to grow the government Republicans want to put
00:25working families first Democrats continue to want to leave them behind our Republican bill stops the
00:32largest tax increase in American history and it means permanent tax relief that means Americans
00:39can plan their future with certainty it means higher wages more jobs that means Americans have
00:46more money in their pockets in their purses in their in their paychecks Mr. President the Council
00:51and economic advisors released new data this week here's what it shows our plan for American
00:57prosperity raises wages lowers taxes and grows the economy so let me just take a second to break
01:05down the benefits $10,000 more in take-home pay for American families an extra tax cut for tipped in
01:13overtime workers $6,000 bonus deductions for seniors on Social Security seven million more jobs right
01:23here in America a hundred billion dollars in business investments in opportunity zones including rural
01:28America an additional four percent economic growth more than two trillion dollars in deficit reduction so
01:37that the next generation isn't buried in debt our plan for American prosperity will also create new savings
01:45accounts for every child these tax-deferred investment accounts start with a $1,000 contribution now
01:54those early savings will grow over time by the time the child becomes an adult they can use the money
02:00to pay for college to put down a down payment on a home or to start a small business we call these
02:06Trump accounts Trump accounts are an investment in our future generation their financial launch pads
02:13for the American dream additionally our plan for prosperity unleashes American energy this will help
02:21working families who paid for high energy costs under Joe Biden now let's talk about what happens if
02:28Democrats are successful in defeating our bold Republican agenda Democrats block this bill and they say
02:35they're going to well taxes will soar paychecks will shrink and small businesses will get strangled
02:42every Democrat every Democrat in this chamber has vowed to vote against our economic prosperity package
02:50the vote of every Democrat in this chamber will raise your taxes Democrats get their way middle-class families
02:57will pay $1,700 more in taxes next year small businesses will see their taxes go up
03:05by 43 percent the standard of deduction which 90 percent of the taxpayers use well that's going to get cut
03:12in half so will the child tax credit yet that's what the Democrats are fighting for higher taxes fewer
03:19jobs and heavier costs on working families Mr. President let's not forget why Democrats want to raise taxes they want to continue to give free health care to millions of illegal immigrants
03:33Republicans are fighting so that waiters nurses and police officers and seniors and families keep more of what they earn and don't continue this Washington wasteful spending our comprehensive plan for prosperity is going to put America back on track thank you Mr. President I yield the floor suggest the absence of a quorum
