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John Thune: “Better paying jobs and higher wages for the very people that…”

Featuring: John Thune, Republican | Senate Majority Leader, South Dakota

Unintelligible Transcript with Repeated Speaker A

Published May 9, 2025 | Video Starts at 12:40

The goose that lays the golden egg. Drives a ton of investment. But can I ask when you say it drives a ton of investment, creates. Better paying jobs and higher wages for the very people that you're talking about. What I. Yeah, but what I don't. Want growth in the. I understand but what I don't totally understand about this is the money. The investor isn't changed. (12:40–12:44)

CLAIM

Asserts that the investment driven by current tax policies results in better-paying jobs and higher wages.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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John Thune

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“The big driver of federal spending is Medicaid.”
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“When they had unified control of the government, House, Senate and White House, they did two reconciliation bills which increased spending…”
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“The President's proposed expensing for factories, for domestic manufacturing, which would be very stimulative, get growth in the economy.”
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“The one thing of course pass throughs want is they want to keep their 199A deduction, the 20% deduction that was written into the 2017 bill.”
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“Tax foundation, for example, says you get another 1.8% GDP growth out of [making tax cuts permanent].”
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“Social Security is not eligible under the law for reconciliation.”
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“States like New York or California...do things like provider taxes that they use to leverage to get more federal revenue.”
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“We have a chance to do something meaningful about spending and about this $38 trillion debt, which is not sustainable.”
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“Work requirements is a good example of [a reform] that saves you, you know, over $100 billion.”
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“I think paying capital gains tax rate on the carry versus paying at the individual rate is something if you're an investor, if you're a…”
Unintelligible Transcript with Repeated Speaker A | Uploaded May 9, 2025 | 11:29-11:39
“Drives a ton of investment.”
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“Every one of these government programs has waste, fraud and abuse in it.”
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“There are programs that are impactful in changing the lives and frankly, I would argue, have national security implications for the United…”
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