Senator Marshall to Office of Management and Budget Director Nominee, Russell Vought: Extend The Trump Tax Cuts

Washington, D.C. – U.S. Senator Roger Marshall, M.D. voted in support of President Trump’s Office of Management and Budget (OMB) Director Nominee, Russell Vought, in the Senate Budget Committee hearing. 

Senator Marshall discussed how Russell Vought will help deliver for hard-working Kansans who have been negatively impacted by the past administration’s reckless spending and the resulting crushing inflation. He also stressed the importance of continuing President Trump’s historic Tax Cuts and Jobs Act (TCJA) and reducing waste in the federal government.

During Russell Vought’s opening statement, he emphasized the need for government efficiency, the negative impact inflation has had on Americans over the past four years, and the transformative change he hopes to bring about at the OMB to reduce the regulatory burden impacting Americans and root out waste, fraud, and abuse in the federal government. Vought promised to make the American government work for the everyday American, not the interests of bureaucrats and an entrenched establishment. He also mentioned the importance of using taxpayer dollars wisely and addressing our $36 trillion national debt emergency.

Russ previously served in the first Trump Administration as the Director of the OMB.

You may click HERE or on the image above to watch Senator Marshall’s full interview.

Highlights from Senator Marshall’s Remarks Include:

“I think I want to speak today in terms of hard-working families in Kansas. The average salary back home for hard-working Kansans is about $50,000 a year. Over the last four years, we’ve seen cumulative inflation of 20%, so that $50,000 only really could purchase about $40,000 worth of goods and services.”

“When we think about the Trump tax cuts though, those put $1,000 a month back into the pockets of Kansans. Overall, if the Trump tax cuts goes away, it’s going to cost Americans about $4.3 trillion over 10 years. Middle America is going to get hit with about 60% of that… If those tax cuts go away, it’s going to impact hard-working Kansans to the tune of $1,000 a month.”

“I just want you to comment just a second on how big of a priority getting these tax cuts made actually permanent would be, and how it would impact our economy and those hard-working Kansans back home.”

“Congress seems to not care about a budget. If Congress would go to a zero-based budgeting reform, working with your office, what could be the impact of that? 

“We make grants on five-year terms, typically, but if we would just start looking at those grants – it’s the ones going out the country.”

“You made the comment earlier that federal borrowing causes inflation, and that’s pretty intuitive to some of us, but I think you just want you to take that just a little bit and explain to again, those folks back home – when the federal government is borrowing money, spending more than they have, how does that lead to inflation? 

“So, one of the goals would be to get interest rates down. What’s it going to take for interest rates to meaningfully come down – not just because of what the Fed’s doing well?”