John Thune
π€ SpeakerAppearances Over Time
Podcast Appearances
And I think the tax policy will be really key to that.
I would argue that not only extending the policies from 2017, which included lower rates for families and doubling of the child tax credit and near doubling of the standard deduction.
And there's a 199A deduction for small businesses in there.
But
We also did no tax on tips, no tax on overtime, reduced taxes for seniors on Social Security.
So I think the tax policy in and of itself is going to be enormously stimulative to the economy.
You look at bonus depreciation, interest deductibility, R&D expensing.
Those are all things that on the business sideβ
I think it's going to lead to growth in the economy and better paying jobs.
So I think that people are going to see a better future as a result of the economic pieces of it.
And then there's a whole bunch of other things that I would kind of put in there together.
I mentioned some of them having to do with just policies that we think are consistent with a conservative view of how this country ought to be run.
I mean, given...
You know, the school choice policies have been something that's been a part of our agenda for a long time.
You look at these newborn accounts and what a difference that will make in the lives of families and young people who are being born today to be able to put money aside for their futures.
Those are all incentives in this bill that I think are just going to lead to a better quality of life for a lot of the American people.
I think first and foremost, and we did do some of this in the one big beautiful bill, but rooting out waste, fraud, and abuse.
We did that in the Medicaid program.
We put work requirements in, and then states had figured out how to game the program, and so we clamped down on some of that, and we achieved a significant amount of savings there.
And then we put in this rural hospital transformation fund, which