U.S. SENATE – U.S. Senator Steve Daines today joined Fox Business to discuss the importance of passing the “One Big Beautiful Bill” and stopping the largest tax increase in American history.
Watch the full interview HERE.
Daines on the stopping the largest tax increase in American history:
I’ve yet to meet an American that wants to see their taxes go up. And let’s just keep in mind, this bill stops the largest tax increase in American history. The average working family in America will see a $1,700 per year increase in their taxes if we don’t act in Congress. Not to mention the fact that the way forward, Larry, is growth. You got to keep growing the economy. This will be the most single important growth policy that we put in place probably in decades and for competitiveness. This does some amazing things to make sure that America will be competing with the Chinese on innovation by incentivizing R&D spending. And so, a lot of things to be thankful for in this bill, but nobody wants to see the taxes go up, and taxes will go up. It will be the biggest tax increase in history if we don’t act.
Daines on how the bill is pro-growth and reduces spending:
It’s very binary. If we do this, we’ll see some of the greatest growth in the American economy in decades. If we don’t do it, we’re going to see a recession. It’s about as simple as that. The way to get out of our fiscal deficits here in Washington, of which count me in as a fiscal hawk, you’re a fiscal hawk, Larry, we’re fiscal hawks, you don’t get out of this by raising taxes, get out of it by growth and also reducing spending. This bill does both. It is about growth. It also cuts one and a half trillion dollars in spending. We’d all like to do more, but this is probably the greatest spending decrease bill we’ve seen in decades as well. So, you put those two things together, this is a winner, we need to get it passed.
Daines on Senate Majority Leader Thune and President Trump’s strong leadership:
First of all, John Thune, our great majority leader, is doing a stellar job managing the U.S. Senate, leading the U.S. Senate. What John Thune has told us, we’re going to be here until we pass this bill, which means we’re suspending our weekend plans. He’s going to keep us here as he should. That’s called leadership to keep us here until we get this bill passed and over to the House. I know the president wants to see this done by the 4th of July. Look, you don’t want to go against President Trump. He is an amazing, strong leader, and John Thune. That is an A-grade team that will be leading the charge here in the U.S. Senate. We’ll get it done.
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