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John Thune: Big Beautiful Bill Will Make The U.S. 'Safer, Stronger, And More Prosperous'
Forbes Breaking News
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yesterday
At Tuesday's Senate Republican leadership press briefing, Senate Majority Leader John Thune (R-SD) promoted the Big Beautiful Bill.
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00:00
Good afternoon.
00:05
Everybody having fun yet?
00:08
Ask us about 3.45 Sunday morning.
00:11
Yeah, okay.
00:12
Well, you can join our lunches.
00:16
It's very stimulating.
00:20
We are making good headway on the reconciliation bill.
00:23
As you all know, this is the legislation that we believe implements the president's agenda
00:28
and makes our country safer, stronger, and more prosperous.
00:33
And if you look at how it achieves those objectives, and certainly on the tax side of it,
00:39
it makes it easier for American families to make ends meet by giving them significant tax relief in several ways.
00:48
It locks in and makes permanent the lower tax rates that were part of the Tax Cuts and Jobs Act.
00:53
It allows for a permanent extension of the increased, the expanded child tax credit,
01:00
and it also makes permanent the increased standard deduction, which 90% of the people in this country claim.
01:08
And then on top of that, a number of President Trump's initiatives deal with no tax on tips,
01:14
no tax on overtime, lower taxes on seniors in this country, and interest on, no tax on interest on new loans for cars.
01:23
So those are all things that the president has included.
01:25
They're included in our package.
01:27
They were included in the House package.
01:28
But we think they are important in terms of the mess that they send to the American people,
01:32
and that is that we want to allow you to keep more of what you earn so that you can spend it
01:38
and make decisions that are in the best interest of your family instead of sending that money to Washington, D.C.
01:43
Couple that with what it does in modernizing our military, making the country safer,
01:48
what it does with respect to securing our border and making our country more secure that way.
01:52
These are all important aspects and components of the reconciliation legislation that's in front of us,
01:58
and we feel very good about the path that we're on and getting this across the finish line by the end of the week.
02:04
So with that, I will yield to our whip, Senator Brasso.
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