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John Thune: “What we are doing here is extending existing tax policy…”

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

Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms

Published June 30, 2025 | Video Starts at 12:42

So getting up and talking about deficits all of a sudden, honestly, is kind of mind blowing coming from this side of the aisle. What we are doing here is extending existing tax policy using a current policy baseline, which was used by the Democrats. President Obama, Jeff Zients, no lesson a little more than 10 years ago. So, Mr. President, it's time to vote. And Democrats will get a chance. (12:42–12:51)

CLAIM

Asserts that the current tax policy extension uses a baseline previously used by Democrats.

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

“$2.6 trillion of this tax hike [Democrats are supporting] would hit families making less than $400,000 a year.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 02:35-02:46
“The Congressional Budget Office underestimated the amount of revenue that would come into the federal government by $1.5 trillion [after the…”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 03:43-04:04
“The growth in the rate of Medicaid spending in the last five years has been 50%.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 05:24-05:31
“The Tax Cuts and Jobs Act was one of the most successful economic policy pieces of legislation in history.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 01:35-01:44
“Unemployment hit a 50-year low [after the Tax Cuts and Jobs Act passed].”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 01:49-02:04
“Incomes and wages increased, most among lower-income Americans [after the Tax Cuts and Jobs Act passed].”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 01:49-02:04
“Poverty levels [were] at record level lows [after the Tax Cuts and Jobs Act passed].”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 01:53-01:55
“It would hit small businesses to the tune of $600 billion in tax increases.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 02:45-02:53
“Most of the increase in spending in Medicaid has been in what we call the expansion population.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 06:03-06:09
“States get a 90% reimbursement from the federal government [for the expansion population].”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 06:41-06:46
“You have people on the rolls today who are here illegally.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 06:51-06:55
“The work requirements in the welfare Reform act passed back in 1996 and signed into law by Democrat president Bill Clinton had stronger work…”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 07:34-07:48
“States like New York and California have gamed the system.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 08:30-08:34
“Back in 2012, President Obama and one of the people working for him at the time named Jeff Zients used the current policy baseline to make…”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 09:01-09:19
“One of the bills cost $2 trillion. The other bill cost a trillion dollars, and it was all spending.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 10:50-10:58
“We are preventing over a $4 trillion tax increase on the American people.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 11:48-11:54
“This, Mr. President, will make this country safer, stronger and more prosperous.”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 13:42-13:50
“It includes some savings associated with reforms that are made in a way that targets assistance from federal programs to where it was…”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 14:02-14:13
“We have work requirements, work requirements that were initiated by Bill Clinton and the Clinton administration during welfare reform back…”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 14:13-14:24
“The work requirements here are not as strong [as the work requirements included in that legislation back in the 1990s].”
Senator John Thune Advocates for Extending Tax Cuts and Medicaid Reforms | Uploaded June 30, 2025 | 14:32-14:37