The Question Is ‘What the Hell Happened to the Money?’: Kennedy on Taxing Wealthy Americans

RUSH TRANSCRIPT:
WELKER: “Okay. Let me switch gears here a little bit and ask you about President Trump’s agenda because I know you will be very focused on that, Senate Republicans split right now, senator, over whether to allow tax hikes on wealthy Americans as a part of that budget bill that you’re trying to pass. Bloomberg news is reporting that the house proposal would set the rate at 40% for taxpayers earning $1 million or more per year. That’s up from the current top tax rate of 37%. Senator, would you support increasing the tax rate on wealthy Americans?”

Kennedy: “I’m not sure yet. I’d like to see the language. Here are my thought, kristen, generally. I don’t believe in making tax policy on the basis of class warfare, and I think the people who are raising this issue they’re entitled to, of course, but they’re asking the wrong question. I listened under presidented Biden, my colleagues, who needs to pay more in taxes? To me that’s the wrong question. The question is what the hell happened to the money? And I hope that’s the question that we address fundamentally in the reconciliation.”