“We avoided $4.3 trillion worth of taxes.”
WASHINGTON – Sen. John Kennedy (R-La.) delivered the following remarks on the U.S. Senate floor:
“I've already heard, a lot, that the reconciliation bill that Congress passed is going to kill people. ‘People are going to die. It's only going to help rich people.’ None of that's true.
“The bill that we just passed is primarily a tax cut, and taxes are not terribly complicated. When you tax something, you get less of it, right? You want to stop people wearing wristwatches—I love wristwatches, I’ve had this one for like 30 years—but if you want to stop people from wearing wrist watches, just pass a bill where every time you buy a wristwatch, you have to pay a $200 tax. Boy, that’s going to be the end of wristwatches.
“Business is the same way. If you want businesses not to expand, tax the hell out of them so they don’t have any money to reinvest in their businesses. If you want people to work less, tax them. Take all their money. People are rational. They’ll go, ‘Why would I want to work an extra 10 hours this week? They’re taxing me. They’re going to take all my money.’
“So, our bill is a tax cut bill. That's all it was.
“We passed the tax cut back in 2017, as you know, Mr. President. Those tax cuts would have expired at the end of this year. If we hadn't passed this bill, taxes on the American people would have gone up $4.3 trillion. Not billion. $4.3 trillion. It would have tanked our economy. Our economy would have gone down like a fat guy on a seesaw.
“And some of my friends say, ‘You only cut taxes on the rich.’ That's not true. That's just a lie. I mean, well over half of the tax cuts that we extended go to ordinary Americans, working people, working moms, working dads. So, the first thing we did was extend the tax cuts. We avoided $4.3 trillion worth of taxes. And, frankly, everybody who voted against our bill voted to raise taxes on the American people in the amount of $4.3 trillion. That's just a fact.
“Our bill did some other things, though. We added some new tax cuts. We cut taxes on tips. Now, not everybody who works for tips is going to get a tax cut, but most people are. We cut taxes on overtime. Most ordinary Americans work overtime. We cut the taxes on overtime. We cut taxes on Social Security income. We cut taxes on some car loans. We extended the child tax credit—$2,200 for every child. That's important for most Americans. We increased the standard deduction.
“We strengthened Medicaid. One of the things—it’s really a lie, but I’ll call it rhetoric—going around is: ‘Well, they destroyed Medicaid.’
“Medicaid's going to grow under our bill. It's just not going to grow as fast as it was. But 10 years from now, we'll be spending a minimum a 20% more on Medicaid—not less, more. You know the biggest change we made to Medicaid: work requirements.
“Now, the American people are the most compassionate people in the world. If you're hungry, we'll feed you. If you're homeless, we'll house you. If you're too poor to be sick, we'll pay for your doctor. We're a generous people.
“But those who can work should work. And we've got some people on Medicaid who are perfectly healthy. They're not disabled. They don't have young kids at home. I'm not talking about a mom with a sick child in her arms. They don't have minor children at home. They just don't want to work. They want to get Medicaid, but they don't want to work.
“Those who can work should work, and all our bill does is say, ‘Look, you can still keep your Medicaid, but if you can work—not if you're disabled, not if you’re elderly, not if you’re in a nursing home—but if you're a healthy adult at home playing video games, you've got to go look for a job. And you've got to work at least 20 hours a week—not 40 hours a week—20 hours a week. What's unreasonable about that?
“The other change made to Medicaid was that some people—not most people, but some people—when they sign up for Medicaid, they lie. They say, ‘I’m only making $25,000 a year.’ In fact, they might be making $75,000 or $100,000 a year. I'm not exaggerating. I've seen that happen.
“What we've told the states is, ‘Twice a year for our folks on Medicaid, you have to check their eligibility. Make sure they're not making more than they're supposed to because Medicaid is not for everybody.’
“What's wrong with that? What's wrong with saying to people, ‘You're not entitled to Medicaid if you're not eligible?’ What's unreasonable about that? We're not killing people. We're trying to save Medicaid so that we can afford it for people who really need it.
“The other two things this bill did . . . it provided more money for border enforcement. Now, I know there are many people in America and many people in the Senate who believe in open borders. I respect that. They may not say it, but they do. They just think the border ought to be wide open, and they think that if you believe in secure borders, you're a racist. I don't agree with them, but this is America. They're entitled to their opinion.
“Most Americans don't think that. Most Americans want the border to be secure. They want to know who is coming in and out of their country, and this bill is going to provide the money to do that.
“The other part of our bill as you know, Mr. President, provides much needed money for our military because we live in a dangerous world, and I wish we didn’t, but we do. And weakness invites the wolves.”
Watch Kennedy’s speech here.
