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
It's to keep all the brackets actually where they're at today, but then it's going to go in and do the no tax, no tips, no tax on manufacturing overtime, and no tax on Social Security. So we have to offset those if we're going to pay down the deficit, actually have the And you just don't have room in there.
If you're going to do $1.5 trillion in cut, and by the way, this will be for the physical year of FY26, not like Congress typically does. We're going to have a 10-year spending reduction, and we're never going to get it. This is actually for next year. So if you're going to do that, you've got to offset it someplace. So you start looking at deductions.
depreciation rates, deferred interest, and you start looking at where you can grab it at. The people that are probably okay with the most, unfortunately, are people that sit in tax brackets. My wife and I have been very blessed in our life. This isn't My livelihood, this is what I get to do. We also hit that top tax bracket too. So adding another 2% to pay for people that are probably struggling.
If you're dependent on Social Security, that is a big hit to have them pay taxes on that. If you're dependent on the tips, that's a big hit for you. I mean, my wife and I own restaurants. Most of those people were working as hard as they could, and they needed all that tip money they could.
And the manufacturing, when you start looking at an overtime of manufacturing, we're going to have a lot of catching up to do. And it's going to come through manufacturing. So to be able to do that is I'm okay with it. And then cut deduction at the same time. I'm on the same page with you, Charlie.
So, first of all, under a trillion dollars sounds ridiculous. We need to balance the budget, but that's accurate. There's a couple of things that we need to be looking at that I would like to see if we're going to raise the taxes on anybody. Say once we get the budget balanced, that we start using tariffs to start paying off the national debt.
And then at some point when we get our spending under control, then we're able to go in there and lower the tax brackets for everybody, use the tariffs that are coming in to offset that cost of lost revenue from the taxes. Just my thought. Now, some real cuts we can have. When we start looking at reforms, you have to start looking at the size of government.
We have been a bloated government for decades, but really since COVID. If you start looking at the numbers, the amount of employees we hired post-COVID, if we can go back to 2019 employment rates, and then you start understanding the amount of technology that we can install to help offset that. I mean, every company in America right now is using technology to cut their payroll to some degree.
And then the ones that are there, they're able to raise the money or raise the, not the money, but raise the profitability of the company to be able to reinvest and continue to grow. So if we're going to use that same technology, use it inside the government. So what we're looking at real hard is investing in technology that
being able to bring down the bloated workforce by 5% to 10%, and then we're able to use technology to go in there and expose the waste and the fraud that's through every one of these agencies. And President Trump is leading this by putting the Doge personnel in place to build an audit These agencies and they're fighting tooth and nail. Why?
Because you have entrenched people that are working in a very cush job that wasn't even have to show up the last three years and the top earners are making three to three hundred and fifty thousand dollars a year, which great. I'm glad you're able to make good money. But work for your position.
And we haven't seen government working for the people, so we need to change our direction and make sure we get laser-focused on delivering it and still run lean and mean.
The Planned Parenthood is sticky. And as a father of six kids, three adopted, I thank God almost every day that the mothers that were able to give me these three kids that I can love and they love me and was brave enough to go through the pregnancy. I am 100% pro-life. What Planned Parenthood has done is they've weaved themselves into our community health care centers.
A lot of our rural areas that doesn't have a hospital, doesn't have 24-7 urgent care or any really medical, they run the only community health care center in maybe the entire county. and trying to separate those around.
And so when people start saying funding Planned Parenthood, what ends up happening is through these community health care centers that doesn't deliver abortion at all, the problem is we feel like Planned Parenthood is using that money that is typically derived by Medicaid and Medicare recipients because it's rural areas. They're following that money into their abortion clinics.
what there's two paths here. One, you just completely get them out of it where they can't accept Medicare and Medicaid at these community health centers, which would be pretty devastating to the rural areas, or you get them completely out of the business altogether. But then there should, there's supposed to be a clear line between the funding between the two.
And we, and the Democrats are glad that funding to mesh together during COVID is And we have to expose that. And if they're not willing to do that again, then we need to kick them totally out of the system and allow them to have Medicare and Medicaid. That's what the biggest issue is.
We are 100% with you on that one. We're fortunate in Oklahoma that we have a lot of tribes that are raising their hands saying we'll take the community health center, so we're good in Oklahoma. Good. But that's the issue. I want to say this real quick, Charlie. Thank you for going to universities. You went to Stillwater where my kids wrestle for Oklahoma State.
What you do after you leave, you don't see. But the ability for these individuals that may have been hiding underneath the rock because they're MAGA and because universities are not, they're usually woke, you give them a backbone to be able to stand up because you're brave enough to go there first, take the fight to the campus, and then all these ones that are actually true MAGA
They have the ability to stand up after you leave. And there's been a movement at Oklahoma State since you left. So thank you.
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