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Monday on FNC’s “Fox & Friends,” Sen. John Kennedy (R-LA) reacted to an announced visit by President Joe Biden to his home state of Louisiana.
Kennedy speculated it was to promote an infrastructure spending agenda.
The article goes on to state the following:
The Louisiana Republican offered some ideas on working with Biden to increase revenues without raising the corporate income tax.
“I don’t have a lot of details. It’s always an honor when a president visits your state,” Kennedy said. “I’m sure the president’s coming in to say I’m the candy man, and I’ve got more free stuff for you. The problem is that there’s nothing free. Anything free somebody had to work for. The president’s plan is not an infrastructure plan. Only 5 percent of it goes to infrastructure. It’s really a Green New Deal and welfare plan, and it’s a mess. It looks like somebody — somebody knocked over a urine sample. Now, we can fix it if we stick to, A, infrastructure, and B, we have serious discussions about how to pay for it. I can tell you how we can pay for it.”
Kennedy continued, “We can reduce some of our spending. We spend $144 billion a year on improper payments, including to dead people. We don’t have to give our federal employees a pay raise every year. We can repurpose some of the coronavirus money that we don’t need. We clearly aren’t in an economic crisis. I will give the president credit in one respect. I’m not for raising the corporate income tax, but there is a tax loophole, a special interest loophole, that I’m willing to talk with him about. It has to — I won’t bore you with the details, but it has to do with what’s called intellectual property and transfer of pricing.”
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