Senator Eric Schmitt
👤 PersonAppearances Over Time
Podcast Appearances
And think of the House as a hot cup of coffee and it's spilling over. The job of the Senate is to take that bill and make it better. I think for us over here, what I'm looking at is where can we save some more taxpayers' dollars? Where are the opportunities to cut some spending? What do we do with those SALT taxes? So I think that's the big thrust over us here. How can we make this bill better?
And think of the House as a hot cup of coffee and it's spilling over. The job of the Senate is to take that bill and make it better. I think for us over here, what I'm looking at is where can we save some more taxpayers' dollars? Where are the opportunities to cut some spending? What do we do with those SALT taxes? So I think that's the big thrust over us here. How can we make this bill better?
How can we deliver on President Trump's promises, no tax on TIFFs, overtime, Social Security, make the Trump tax cuts permanent? This bill has the potential to save an American family $1,000 a month. So that's how important this bill is.
How can we deliver on President Trump's promises, no tax on TIFFs, overtime, Social Security, make the Trump tax cuts permanent? This bill has the potential to save an American family $1,000 a month. So that's how important this bill is.
Right. So in these big blue states, they have high taxes and they're able to deduct that from their federal taxes. So this what the House has done will still cost to cost American taxpayers three hundred billion dollars over the next 10 years. So they're going to let people from these blue states write off up to thirty thousand dollars of their taxes, which will decrease revenue to the state.
Right. So in these big blue states, they have high taxes and they're able to deduct that from their federal taxes. So this what the House has done will still cost to cost American taxpayers three hundred billion dollars over the next 10 years. So they're going to let people from these blue states write off up to thirty thousand dollars of their taxes, which will decrease revenue to the state.
So this feels like people from Kansas are subsidizing a hundred percent.
So this feels like people from Kansas are subsidizing a hundred percent.
Please keep going. It is that simple to the tune of $300 billion over 10 years. So what else could we do with that $300 billion? We could deliver the president's Golden Dome. That would be one simple thing and more. We would take that money and make Medicaid and Medicare even better. There's just better ways to spend that money.
Please keep going. It is that simple to the tune of $300 billion over 10 years. So what else could we do with that $300 billion? We could deliver the president's Golden Dome. That would be one simple thing and more. We would take that money and make Medicaid and Medicare even better. There's just better ways to spend that money.
We can use it to secure the border, to help our military out, to give our troops more wages, all those types. It's real money, $300 billion.
We can use it to secure the border, to help our military out, to give our troops more wages, all those types. It's real money, $300 billion.
So it's at $10,000 now, as I recall. So STAL stands for state and local taxes. So if your state and local taxes are high, the more motivated you are to try to write those off. You know, most Kansas wouldn't have $10,000 of state and local taxes to write off. But to answer your question, so the House passed a bill. We could pass their bill exactly as it is. And it's a good bill.
So it's at $10,000 now, as I recall. So STAL stands for state and local taxes. So if your state and local taxes are high, the more motivated you are to try to write those off. You know, most Kansas wouldn't have $10,000 of state and local taxes to write off. But to answer your question, so the House passed a bill. We could pass their bill exactly as it is. And it's a good bill.
It's probably got 80, 90 percent of what I'd like to see in it. But if the Senate makes any major changes, it'll have to go back to the House a second time. And that's where the tricky part is, Charlie. As much as you and I want to face this federal budget, we also got to pass it, and we don't want to lose the House. So there's a dozen House members, and I'm making that number up.
It's probably got 80, 90 percent of what I'd like to see in it. But if the Senate makes any major changes, it'll have to go back to the House a second time. And that's where the tricky part is, Charlie. As much as you and I want to face this federal budget, we also got to pass it, and we don't want to lose the House. So there's a dozen House members, and I'm making that number up.
I'm not sure how many House members are that are really, really from these purple districts with high property taxes that this – You know, they may not get reelected. They may not get reelected anyway. But I can sure tell you for damn sure, I can tell you that if we don't get some type of a good, big, beautiful bill out of here, none of us should get reelected.
I'm not sure how many House members are that are really, really from these purple districts with high property taxes that this – You know, they may not get reelected. They may not get reelected anyway. But I can sure tell you for damn sure, I can tell you that if we don't get some type of a good, big, beautiful bill out of here, none of us should get reelected.
Right. So what we did with Social Security, since since by the law, we cannot touch Social Security. But what we did is we're giving seniors a four thousand dollar tax credit in addition. So so it essentially we're not going to tax their tips, tax their Social Security, but doing it in a different way. We increase the child tax credit. Look at that.
Right. So what we did with Social Security, since since by the law, we cannot touch Social Security. But what we did is we're giving seniors a four thousand dollar tax credit in addition. So so it essentially we're not going to tax their tips, tax their Social Security, but doing it in a different way. We increase the child tax credit. Look at that.