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John Thune: “Every one of these government programs has waste, fraud and…”

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

Unintelligible Transcript with Repeated Speaker A

Published May 9, 2025 | Video Starts at 14:29

I would argue that not every USAID program is created equally, and that's why you have to be selective and targeted when you figure out where do we want to find savings. I think Every one of these government programs has waste, fraud and abuse in it. and that's why the scrub is long overdue. Now. That needs to be done in a way that evaluates what's mission critical and what's not. (14:29–14:34)

CLAIM

Asserts that all government programs contain waste, fraud, and abuse.

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John Thune

“Pass through businesses...are 96% of the businesses in this country.”
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“For every 1% increase in gross domestic product, the standard rule of thumb is about $3 trillion in additional tax revenue.”
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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.”
Unintelligible Transcript with Repeated Speaker A | Uploaded May 9, 2025 | 05:59-06:09
“We have a chance to do something meaningful about spending and about this $38 trillion debt, which is not sustainable.”
Unintelligible Transcript with Repeated Speaker A | Uploaded May 9, 2025 | 07:21-07:28
“Work requirements is a good example of [a reform] that saves you, you know, over $100 billion.”
Unintelligible Transcript with Repeated Speaker A | Uploaded May 9, 2025 | 07:34-07:39
“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.”
Unintelligible Transcript with Repeated Speaker A | Uploaded May 9, 2025 | 12:35-12:37
“Better paying jobs and higher wages for the very people that you're talking about.”
Unintelligible Transcript with Repeated Speaker A | Uploaded May 9, 2025 | 12:40-12:44
“There are programs that are impactful in changing the lives and frankly, I would argue, have national security implications for the United…”
Unintelligible Transcript with Repeated Speaker A | Uploaded May 9, 2025 | 14:53-15:03