Senator Eric Schmitt
speaker
478 appearances
21 recordings
1 series
first heard Dec 2024
last heard Jun 2025
Senator Eric Schmitt’s voice in public audio — every appearance, attributed to the second.
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Appearances
Well, we can't do that. There's some stuff in Social Security we can't get to. So there's some of the no tax on tips, no tax on overtime and no tax on Social Security that may not fit within the Byrd rule. We're going through that process. Either way, we're still going to bring it back in a separate package because the president said he wants that. American people said they wanted that.
So we're going to try getting it done. If we can do it in reconciliation, that's great. Now, and this is the way I describe the bird rule. The House doesn't have to deal with the bird rule. We do. So what the budget did is it instructed the Senate more than instructed the House on what can and can't go into the bill. Remember, you only get one shot at it.
If you get the bill and you send it up and it's against the bird rule, you've got to scrap the bill, redo the whole thing all over again. So we have to work with the parliamentarian moving forward. The best way to describe it is the House can put it in there.
The House can put whatever they want into a bill, but that's kind of considering the House can walk into a warehouse through the open, you know, a dock door, and once they get in, they have to close it, and then the Senate has to knock the glass out of the top part of it and try to squeeze everything in through the bird rule. So we don't know if it can get in there or not.
We've got a bill that addresses it, that tries to make it in, but remember, it's an appropriation bill, so some of the stuff with Social Security can't be touched in it.
Yeah, so there's two ways. Absolutely. Our target is $1.5 trillion. That's our target of cuts, $1.5 trillion. I feel like we can hit that, but it's hard once you really get in there because everybody's got great ideas, but when you actually put the concept down on how it's going to be delivered, it's tough.
Now, through rescission, not through reconciliation, we may be able to get even more cuts through rescission. So basically, rescission and reconciliation runs together, right? In fact, we're doing rescission, we're doing reconciliation, we're doing budget.
Rescission, basically, and Elon and I had a conversation about this yesterday, that anything that isn't appropriated by Congress, meaning that USAID that wasn't reauthorized by Congress and we didn't directly appropriate dollars for those programs they were doing, they can be rescinded. And when they're rescinded, now they can also be taken away and the president chooses not to spend it.
But when you rescind it and he sends it to Congress as a rescission package, if Congress votes on it to rescind it, then the next president can't come up and just restart the program. So rescission makes this stuff permanent. So we're working really close with Doge and Elon to get this done.
Then reconciliation, we can go back in farther and make cuts to the agencies themselves, which is where we're going to be targeting $1.5 trillion. And really, I'm telling you, that's our target. We may be able to do more than that. I don't want to give people false hope. But when we really start putting the pen and paper together, that's our target, $1.5 trillion.
And then we're going to slowly get our house back in order. What we're really trying to do is get back, and I think Ron Johnson has said this the best, we'd really like to get to 2019 spending levels pre-COVID. And that way we can actually have a true path to balance the budget. And the president has said, made it very clear,
He wants to balance a budget while he's in office, and we want to deliver that for him. But keep in mind, we probably need to try doing that. If we can't do it in FY26, we're going to definitely have to do it by FY28 because, God forbid, something happens in the midterm and we were to lose one of the chambers, no way the Democrat Party is going to let us balance a budget.
Well, I'm glad that Cash made this public because he's been taking on a little heat from our base. Actually, Cash and Pam both want to know what are they doing. They need to get started. This just shows you that they do a lot of stuff behind closed doors and they can't do it in public, but they're acting fast on it. I mean, this is just a case that actually developed a week ago.
that Cash was able to put the information together and arrest a judge for obstruction of justice, for literally running blocker for an illegal immigrant so he could try getting away, and they had to chase him down by foot. Cash and Pam are working every day. to get this woke, political-motivated bench literally and start holding them accountable.
But it's difficult, and I hope our base will realize you're going to see stories like this trickle out, but just because you're not seeing them out there every day, most of the cases they're talking about, they can't talk about until afterward.
I want you to know we are lucky to have Charlie Kirk.
Yeah, great to be with you, Charlie. Yeah, exactly, the latter. So basically, the budget resolution sets the framework by which now we move into the reconciliation process, right? So it unlocks the process for the committees to go do the work, right? Like ways and means of the Senate Finance Committee to start to put meat on the bones of these ideas that have been talked about.
Principally, you know, making the tax cuts from 2017 permanent, extending those,
um and then you've got all the other things that no tax on tips you've got money for border security and deportations um because we're going to need help to make sure this mass deportation movement is actually funded uh for defense and then also you know for for permitting reform hopefully on energy and then uh lastly and i think almost most importantly uh some spending reforms we've got to get this thing under control carly i tell people that
Here's what's interesting. In 2019, not 1919, in 2019, we were spending about $4 trillion. We spend $7 trillion after the last four years of the Biden budget and the COVID orgy spending, right? We take in $5 trillion.
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