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Speaker 1: On this episode of News World. US Congressman Kevin Brady

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Speaker 1: is a pro family, pro small business conservative who proudly

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Speaker 1: represents the eighth Congressional district of Texas. He's widely recognized

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Speaker 1: as a national economic leader. He's only the third Texans

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Speaker 1: in history to chair the powerful House Ways and Means Committee,

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Speaker 1: considered to be the most influential committee in Congress, with

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Speaker 1: control over taxes, international trade, healthcare, Medicare, social Security, and welfare.

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Speaker 1: As chairman, he led a historic reform of America's tax

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Speaker 1: code the first and thirty years. These tax cuts for

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Speaker 1: families and local businesses restored America to the most competitive

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Speaker 1: economy in the world, leading to millions of new jobs,

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Speaker 1: the highest household income and lowest poverty rate in half

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Speaker 1: a century, and a return of US jobs and investment

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Speaker 1: from overseas. He's achieved a number of great successes while

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Speaker 1: serving in Congress. On April fourteenth, twenty twenty one, he

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Speaker 1: announced he would not run for a fourteenth term and

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Speaker 1: would retire after the two twenty two election cycle. So

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Speaker 1: I wouldn't have him on to discuss his accomplishments. The

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Speaker 1: reflections he has both about the Republican adgenda for the

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Speaker 1: economy and also find out what is next is he

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Speaker 1: returns home to Texas. He's a remarkable leader. So I'm

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Speaker 1: very pleased to welcome my guest and good friend, Congressman

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Speaker 1: Kevin Brady. Kevin, thank you for joining me on News

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Speaker 1: World New. Thank you for having me. But as you remember,

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Speaker 1: you were my first speaker when I came to Congress,

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Speaker 1: and you were an amazing leader then and still are,

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Speaker 1: and so I'm really grateful that I got to serve

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Speaker 1: with you. Well, I listen, it was a great time

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Speaker 1: and we got a lot done, including balancing the budget

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Speaker 1: for four straight years. I have to ask you, I

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Speaker 1: was looking back over your long career and you had

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Speaker 1: a remarkable cycle of just getting to Congress. Could you, guys,

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Speaker 1: I'm going to share with people all the stuff you

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Speaker 1: had to go through to finally win that seat. Yeah,

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Speaker 1: it was a bit of a challenge. I think everyone

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Speaker 1: faces tough challenges to win their first race, and I

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Speaker 1: was no exception. We had four elections in one year

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Speaker 1: because in Texas we had a primary in March, a

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Speaker 1: runoff in April which I won, then the courts throughout

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Speaker 1: parts of the Texas map and forced several of us

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Speaker 1: to run again. So we had two special elections in

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Speaker 1: November and then at Christmas time, and so you may

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Speaker 1: not recall, but I think that was the last one

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Speaker 1: in the door for you. In nineteen to ninety six,

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Speaker 1: our campaign theme was every month we don't have an

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Speaker 1: election is a good month. So it was an interesting

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Speaker 1: time and we needed your vote because I was facing

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Speaker 1: a similar mini rebellion to what Kevin McCarthy's going through,

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Speaker 1: and I needed you to be there to vote for

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Speaker 1: me on January third. But must have felt almost exhausted

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Speaker 1: by the time you've gotten through four consecutive elections. You

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Speaker 1: work through a lot of volunteers and you're just on

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Speaker 1: full bore for all those elections. But again I think,

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Speaker 1: as you know, look, it should be tough to get

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Speaker 1: to Congress. I noticed that you actually came in second

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Speaker 1: in the first round and then consolidated everybody but your

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Speaker 1: opponent that night, when you realize you're a second were

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Speaker 1: you optimistic, could you see the majority ahead of you,

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Speaker 1: or were you a little bit concerned? Concerned it was

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Speaker 1: a big gap between the front runner and myself. We

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Speaker 1: had six candidates in the race at the time, but

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Speaker 1: in Texas, those who finished second when in the runoff

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Speaker 1: just as often as those who finished first. Because the

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Speaker 1: front runners tend to max out their votes. Your volunteers

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Speaker 1: are motivated, they've got a chip on their shoulder, and

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Speaker 1: others are more likely to join with you. So yeah,

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Speaker 1: we worked the other campaigns, and you know, these runoffs

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Speaker 1: fewer people turn out, and so thankfully we had good

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Speaker 1: support there. I also have to ask you, you've stayed

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Speaker 1: in Houston and one back and forth. As I understand it,

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Speaker 1: over the two decades you've served, you log more than

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Speaker 1: two point five million miles from Texas to Congress, which

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Speaker 1: is equal to five round trips to the moon. I mean,

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Speaker 1: how excited are you going to be not to get

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Speaker 1: an airplane in January? I'm going to be very excited. Look,

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Speaker 1: it was one of the best decisions that Kathy and

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Speaker 1: I made because we want to stay grounded in Texas.

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Speaker 1: This is where our family is. We didn't have children

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Speaker 1: at the time. We later adopted our two boys, and

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Speaker 1: we wanted to raise them at home. And it allows

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Speaker 1: you to do the town halls what you're so known for,

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Speaker 1: connecting to those you work for at home, and so

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Speaker 1: it was the right decision. It was a lot of

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Speaker 1: time away, and that's one of the reasons. It's really

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Speaker 1: time to head to a new adventure. And I'm going

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Speaker 1: to be really pleased to get off the plane for

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Speaker 1: at least a while. He certainly rose in power and

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Speaker 1: influenced by getting on that airplane. But I have to

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Speaker 1: ask you, I was reminded of Dick Armey, who represented

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Speaker 1: Dallas but was from Candue, North Dakota. You were actually

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Speaker 1: born in Vermillion, a town where I've given a speech

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Speaker 1: at the University of South Dakota. For the first years

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Speaker 1: of your life, I mean you were growing up in Vermillion. Yeah,

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Speaker 1: is so South Dakota. My dad and mom had eloped

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Speaker 1: from two towns in South Dakota, got married in San Antonio.

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Speaker 1: Dad was in between World War two and the Korean War,

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Speaker 1: and then he was going to law school. And when

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Speaker 1: my older brother and I were born, we moved to

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Speaker 1: Rapid City, the Black Hills of South Dakota. That's where

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Speaker 1: we were raised. And after we lost our dad at

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Speaker 1: a fairly young age, Mom raised five of us kids

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Speaker 1: by herself from her thirties on. And so I've been

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Speaker 1: blessed with an amazing mom, and really she created a

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Speaker 1: remarkable childhood for us in the Black Hills. Your dad

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Speaker 1: was actually killed in the courtroom shooting. Yeah, he had

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Speaker 1: taken on a difficult case for the Catholic Church. Was

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Speaker 1: an elderly person who was very abusive to his wife

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Speaker 1: and effect mentally dranged as we learned, and so he

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Speaker 1: had during the process had threatened to kill dad, our family.

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Speaker 1: My mom I actually had learned to use a gun

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Speaker 1: just to protect ourselves. Unfortunately, on the day of the

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Speaker 1: divorce trial, the gentleman stood up shot and killed my dad,

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Speaker 1: his wife and then shot the judge, who thankfully lived.

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Speaker 1: And so back then in the sixties, those things really

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Speaker 1: didn't happen very often, but it certainly changed our lives

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Speaker 1: in a big way. But again, we were blessed with

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Speaker 1: the mom who just I don't know how she did it.

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Speaker 1: We struggled to race two kids, frankly, but yeah, we

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Speaker 1: were blessed. But here might have had at twelve years

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Speaker 1: of age. That must have been just a terrible shock

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Speaker 1: you had to absorb and think through in order again

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Speaker 1: your own life in order. Yeah, it was not easy,

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Speaker 1: but you know, looking back, I've decided every family faces

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Speaker 1: challenges sometimes health challenges. We just got ours early in life.

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Speaker 1: But when I look back, and what you learned from

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Speaker 1: your family is so important. And the sort of the

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Speaker 1: lessons Mom really instilled in this was one be independent,

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Speaker 1: So think independently, be optimistic. You go to Texas for

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Speaker 1: a job at the Beaumont Chamber of Commerce, Yeah, I

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Speaker 1: was in Chamber of Commerce working Rapid City, went to Beaumont,

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Speaker 1: which is in the southeast corner, and then later was

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Speaker 1: hired to the Woodlands Area Chamber of Commerce, and so

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Speaker 1: had three completely different economies to build a business climate.

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Speaker 1: And Newton, by the way, that turned out to be

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Speaker 1: hugely helpful as we did tax reform, because main streets

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Speaker 1: are different across this country, and we've got to understand

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Speaker 1: how the tax code can grow all of those different

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Speaker 1: main streets. Well, David Speecher Beaumont one time, and isn't

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Speaker 1: there a big oil museum there? There is Spindletount Museum

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Speaker 1: that was the site of the big Spindle Top gusher

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Speaker 1: and really changed the trajectory of Texas certainly, but the country. Yeah,

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Speaker 1: that was actually the moment when the energy industry moved

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Speaker 1: decisively from Pennsylvania to Texas. But if I remember correctly,

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Speaker 1: I've also given a couple of talks in Woodlands. Beaumont

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Speaker 1: is kind of a blue collar industrial, minerals town. Woodlands

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Speaker 1: is really an upscale, modern industry, modern people who work

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Speaker 1: on computers kind of place. So you really had a

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Speaker 1: very diverse range of people you represented before you got

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Speaker 1: to Congress. And no doubt in Wrapped City you've got

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Speaker 1: agriculture or military base and really worldwide tourism. In Beaumont,

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Speaker 1: as you said, was oil, blue collar, lots of union issues.

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Speaker 1: New learned the labor challenges there, and they had a

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Speaker 1: number of minority challenges as well, trying to integrate a

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Speaker 1: community and make that work. And then the Woodlands, as

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Speaker 1: you know, healthcare, trade, energy, very fast growing community still

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Speaker 1: is very fast growing areas. So that all helped me

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Speaker 1: tremendously on Ways and Means Committee. And then you ended

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Speaker 1: up with six years in the Texas House of Representatives

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Speaker 1: where you actually were named one of the top ten

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Speaker 1: legislators for Families and Children and one of the five

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Speaker 1: outstanding Young Texas. I think the young has pass asked

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Speaker 1: me by quite a bit, new but I still claim it.

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Speaker 1: You went on from there now Yeah, Jack Fields, who

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Speaker 1: have been a great member of Congress, decided to retire,

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Speaker 1: and as you point out, you ran and won the nomination,

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Speaker 1: and you came to Congress in my second term as

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Speaker 1: a speaker, and you were a part of the group

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Speaker 1: that actually balanced the federal budget for four straight years.

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Speaker 1: You can, and I will tell you, new people gape

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Speaker 1: when I tell them that under your leadership we balance

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Speaker 1: the budget four straight years. It's been so unbalanced, as

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Speaker 1: you know, and the budget process is simply failed to

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Speaker 1: work for more than two decades now that it's hard

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Speaker 1: for people to believe. But I am actually optimistic here.

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Speaker 1: I hope we advance in the new Republican majority some

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Speaker 1: of those budget reforms we've talked about to make this

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Speaker 1: place work, because I'm convinced if Washington were a manufacturing plan,

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Speaker 1: we'd manufacture spending, and that's how we're designed to do.

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Speaker 1: If we want savings and efficiency, we're gonna have to

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Speaker 1: retool the plant. That's budget reform. You've played a major

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Speaker 1: role in rewriting tax law. That must have been quite

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Speaker 1: a challenge. It was the challenge of a lifetime, and

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Speaker 1: we knew it would be was fortunate because we had

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Speaker 1: leaders on the Ways and Means Committee who had really

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Speaker 1: driven us for years as a committee to be ready

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Speaker 1: to do tax reform. Dave Camp would be a good

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Speaker 1: example for six years. Paul Ryan, of course, who had

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Speaker 1: long focused on reforming the tax code that I followed,

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Speaker 1: and we had already put together the Better Way sort

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Speaker 1: of Republican tax plan prior to President Trump coming into office,

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Speaker 1: and so we had worked years and years to be

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Speaker 1: ready for a president who would open that window and

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Speaker 1: allow us to dive through it. And that's exactly what happened.

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Speaker 1: Carl was amazing was a your Tax Cuts and Jobs

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Speaker 1: at the nonpartisan Congressional Budget Office said it reduced federal

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Speaker 1: tax rates for families across every income level, well actually

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Speaker 1: increasing the share of taxes paid by the top one

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Speaker 1: percent of American household when liberals attack it for not

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Speaker 1: being fair, and the fact is you were helping virtually

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Speaker 1: everybody and making it more fair and at the same

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Speaker 1: time you were creating economic growth. Yeah, there's no question. Look,

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Speaker 1: we knew it would change the trajectory of the US economy,

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Speaker 1: but we also believe it could change the trajectory of lives.

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Speaker 1: In twenty nineteen, as you pointed out, was the year

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Speaker 1: we got to see what that new modern tax code

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Speaker 1: would do. And in that year three things happen. One,

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Speaker 1: household income surged more in one year than in all

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Speaker 1: eight years of Obama Biden combined. Secondly, we saw the

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Speaker 1: lowest poverty rates in America, but more importantly, we lifted

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Speaker 1: six million people out of poverty. And in the same year,

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Speaker 1: income inequality began to shrink for the first time in

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Speaker 1: half a century. Why because those who had been left

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Speaker 1: behind in that old tax code, those with few skills,

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Speaker 1: people of color, young people, women suddenly got not only

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Speaker 1: good paying jobs, but their wages were going up twice

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Speaker 1: as fast as inflation. So every month was a pay raise,

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Speaker 1: not as we're seeing today, a pay cut. And so

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Speaker 1: that was one of our goals, was to lift people

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Speaker 1: up who've been left behind in the new tax code

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Speaker 1: continues to do that well. In fact, they led to

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Speaker 1: the lowest unemployment for African American and Hispanic workers, as

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Speaker 1: well as the fastest wage growth in a decade. Why

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Speaker 1: do you think it's so hard for people on the

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Speaker 1: left to understand these are facts, These aren't partisan arguments.

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Speaker 1: Yeah it is. I don't think they will ever acknowledge

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Speaker 1: the Republican Party has really become the party the blue

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Speaker 1: collar worker of those trying to lift themselves up, and

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Speaker 1: these numbers, you know, are facts. It's frustrating President Buying

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Speaker 1: continues to spend He's been fact check one hundred times

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Speaker 1: on these claims for the wealthy and others. But this

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Speaker 1: is a tax code where three out of every four

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Speaker 1: tax cuts went to families in the smallest of businesses.

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Speaker 1: That's where we focused our effort on and it's produced

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Speaker 1: what we hope. Now. Of course we've got to defend

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Speaker 1: it as we have the last two years in make

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Speaker 1: it permanent. How much do you think your pre congressional

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Speaker 1: experience working with the business community and working both in

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Speaker 1: Beaumont and Woodlands with people who are creating jobs, how

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Speaker 1: much do you think that influenced and shaped your own

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Speaker 1: approach to how to cut taxes. It had a huge

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Speaker 1: impact because you can get sort of caught up in

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Speaker 1: the policies of taxes without understanding what really grows and

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Speaker 1: what has an impact. So just by us most is

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Speaker 1: having worked in those different economies locally, as well as

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Speaker 1: listening to both the Ways Means Committee. Republicans in our

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Speaker 1: whole conference. We have so much talent, as you know

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Speaker 1: in the Republican Conference, and we stripped the code down

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Speaker 1: to the foundation, told our members, look, this isn't our

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Speaker 1: tax code belong as the American people. Go home and

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Speaker 1: listen to what's important in a twenty first century tax code,

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Speaker 1: not in nineteen eighty one. All that influence, I think,

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Speaker 1: all that talent coming back and working together is how

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Speaker 1: we ended up with such a pro growth code now.

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Speaker 1: Even though it's been amazingly successful, the Tax Cuts and

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Speaker 1: Job Act, there were pieces of it, so I think

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Speaker 1: some twenty three pieces that are actually set to expire

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Speaker 1: after twenty twenty five. And Commerman Vernon Buchanan and Florida

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Speaker 1: Is introduced the Tax Cut and Jobs Act Permanency Act,

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Speaker 1: which would make those things permanent. And you've been a

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Speaker 1: CoA sponsor. How important to the economy do you think

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Speaker 1: is it to pass that bill to make these things permanent?

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Speaker 1: I think it's absolutely crucial for a couple of reasons. One,

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Speaker 1: we need to lock in those lower rates for families

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Speaker 1: and small businesses, and that's the bulk of those twenty

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Speaker 1: three provisions new are focused on families in small businesses,

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Speaker 1: so we need to lock in those lower rate, especially

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Speaker 1: in an inflationary period where I saw a new Joint

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Speaker 1: Economic Community report that says next year average American family

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Speaker 1: will spend nine thousand dollars more to buy exactly what

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Speaker 1: they were buying the day Joe Biden came into office,

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Speaker 1: So really important that they keep more of what they earned. Secondly,

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Speaker 1: from a job's in a growth standpoint, it will create

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Speaker 1: a million and a half new jobs and make sure

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Speaker 1: America is competitive. So families that rely on double the

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Speaker 1: standard deduction and a very strong child tax credit and

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Speaker 1: lower taxes in their families can count on that. So

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Speaker 1: it's both growth in more economic freedom. Frankly for families

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Speaker 1: and small businesses who work so hard. The Tax Foundation

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Speaker 1: said most taxpayers will see a tax hike unless these

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Speaker 1: provisions are extended. So in effect, if you vote against

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Speaker 1: extending them, you're voting for a tax increase. Yeah, there

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Speaker 1: is no doubt, and it's real if you look around,

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Speaker 1: average about two thousand dollars a year for most families,

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Speaker 1: but if you look around the country you'll see that

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Speaker 1: it is on average, can be as much as five

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Speaker 1: and six thousand dollars. In pikes that would occur, which

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Speaker 1: would be crushing in the small businesses. They not only

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Speaker 1: pay the same rates as families and individuals do, but

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Speaker 1: we create a historic twenty percent small business tax deduction

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Speaker 1: that a huge number of small businesses rely on today.

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Speaker 1: That would be an increase too on those main street businesses,

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Speaker 1: and they've really borne the brunt I think the President's

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Speaker 1: failed leadership on the economy. They've been hurt there among

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Speaker 1: the hardest hit. And the Tax Foundation said that if

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Speaker 1: it was made permanent, that it would probably add about

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Speaker 1: two point two percent higher grows to must a product

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Speaker 1: over the long run. That doesn't sounding once point two

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Speaker 1: percent of the largest economy in the world is a

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Speaker 1: huge amount of difference. That growth newt is crucial to

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Speaker 1: getting our financial house in order. For example, there a

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Speaker 1: difference between a two percent growth rate and a three

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Speaker 1: percent growth rate in America over three or four decade

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Speaker 1: is ninety trillion dollars. That's the difference in additional revenue

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Speaker 1: that can help us get our financial house in order.

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Speaker 1: If it's coupled with guard rails, smart guard rails around spending,

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Speaker 1: that's how we avoid the financial crisis that I think

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Speaker 1: a lot of advanced economies in the world are going

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Speaker 1: to face in the future. You've also got a big

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Speaker 1: fight building over us over the spending side of all

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Speaker 1: this work. Speaker doesn't mate. McCarthy and others have said

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Speaker 1: that one of the meanings of the election is that

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Speaker 1: people want to get inflation under control by getting spending

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Speaker 1: under control. Isn't this maneuvering right now about what to

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Speaker 1: pass for the continuing Resolution? Isn't this part of that

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Speaker 1: fight over spending. Yes, it really is. And for Republicans,

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Speaker 1: viewing higher prices with higher government spending just doesn't make sense.

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Speaker 1: And in about nineteen days they'll be sharing power, they'll

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Speaker 1: be sharing power of the purse. And it's a chance

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Speaker 1: then for Republicans to use that power both on executive overreach,

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Speaker 1: on the regulatory burdens we're seeing, but also on getting

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Speaker 1: control of spending. And so I'm one of those who

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Speaker 1: are very eager to see that power sharing. And I

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Speaker 1: don't believe in eight percent increase in the budget in

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Speaker 1: non defense and non urgent spending. This is the right

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Speaker 1: economy or the right financial time to do that. Can

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Speaker 1: you explain this IRS requirement to report bank transactions of

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Speaker 1: six hundred dollars or more. This is something Democrats snuck

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Speaker 1: into the COVID students, that American Rescue Plan, and what

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Speaker 1: it does is require the IRS to track transactions over

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Speaker 1: six hundred dollars in these third party like Venmo and

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Speaker 1: PayPal types of things. And so it is part now

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Speaker 1: of that plan. A was that bank surveillance scheme, remember

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Speaker 1: that they were pushing that very hard to be able

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Speaker 1: to track transactions in people's personal in business banks. We've

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Speaker 1: stopped it, but the White House, until pushing for the

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Speaker 1: next plan, was hiring the eighty seven thousand RS agents,

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Speaker 1: so who by the way, will target primarily farmers, small businesses,

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Speaker 1: and independent contract gig economy. But they previewed all of

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Speaker 1: that by sort of sneaking in this big bill, this

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Speaker 1: requirement on six hundred dollars. And so you're going to

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Speaker 1: see people who hire babysitters, sell a couch, we sell

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Speaker 1: their tickets at the same price, or sports game who

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Speaker 1: do any just extra work on the side. They're going

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Speaker 1: to be getting ten ninety nine's here in January and February,

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Speaker 1: and I think they're going to be surprised that those

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Speaker 1: incomes are being tracked and taxed it's a total of

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Speaker 1: violation of same SEMy of Biden's promise that no one

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Speaker 1: under four hundred thousand dollars a year of a tax increase.

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Speaker 1: Clearly by enforcement and by hiring eighty seven thousand IRS agents,

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Speaker 1: they're gonna go after the middle class and they're going

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Speaker 1: to go after the working poor. Yeah, they have to

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Speaker 1: new because they have promised they'll ring another two hundred

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Speaker 1: billion dollars out of taxpayers. The Congressional Budget Office estimates

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Speaker 1: that what you and I would call value shoppers, the

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Speaker 1: neighbors we see at Walmart and Target in Marshall's and

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Speaker 1: all those families will face seven hundred and ten thousand

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Speaker 1: additional audits next year. This gig six hundred dollars transaction

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Speaker 1: issue is going to hit those smallest businesses and those

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Speaker 1: gig workers in a big way. So, yes, it absolutely

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Speaker 1: violates their pledge and their claim that they will not

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Speaker 1: audit and examine the middle class is simply not true.

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Speaker 1: And that's part of why I think Kevin McCarthy's promised

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Speaker 1: that the first vote the new Congress will be to

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Speaker 1: repeal the eighty seven thousand IRS agents. Yeah, and it

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Speaker 1: should be. It's just an invasion of privacy. These are

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Speaker 1: the families that need to, frankly, to be harassed by

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Speaker 1: the irs. And truth and matter is they're selling it

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Speaker 1: as we're going after big business and the wealthy bit.

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Speaker 1: They already have major audit teams for them and new

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Speaker 1: on Ways and Means committee. Before the IRUs became politicized,

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Speaker 1: and it is, we used to meet with Commissioner individually

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Speaker 1: each year. We focused on customer service, on private taxpayer privacy,

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Speaker 1: on the tax gap, and they would privately tell us

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Speaker 1: that they believe those who aren't paying their taxes are

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Speaker 1: the agriculture community and small businesses, but they could never

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Speaker 1: find a way to go after them. Well, these three approaches,

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Speaker 1: the six hundred dollars, the bank surveilance scheme, the eighty

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Speaker 1: seven is how they target the ad community and small

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Speaker 1: working families in doing it in they think a politically

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Speaker 1: appropriate way. So that's the target. But yeah, while they're

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Speaker 1: going after the local waitress or the local hair addresser

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Speaker 1: or the person who's pumping gas at the gas station.

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Speaker 1: They just gave away thirty six billion dollars to the

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Speaker 1: Team Shows union. They did as well as about seventy

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Speaker 1: four billion dollars to semiconductor companies in the fraud in

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Speaker 1: the unemployment. Newt from the pandemic is estimated to be

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Speaker 1: as high as four hundred billion dollars. That's what we

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Speaker 1: spend on the Navy in the Army combined a year.

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Speaker 1: It's the greatest staff of American tax dollars. And they

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Speaker 1: have no interest in either preventing it or recovering it.

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Speaker 1: So at the same time they are going to send

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Speaker 1: an IRS agent to the local babysitter. They're writing checks

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Speaker 1: that are enormous to their political allies. They are and

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Speaker 1: I neglected to mention. I apologize, but that's just the

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Speaker 1: tip of the iceberg. They estimate that that's only about

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Speaker 1: ten percent of the labor managed pension plans that are

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Speaker 1: in financial trouble in will face bankruptcy. And the reason

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Speaker 1: we fought it so hard in Ways and Means Committee

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Speaker 1: is they are bailing out these pension plans with remarkable

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Speaker 1: numbers in insisting on no reforms. They don't have to

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Speaker 1: do one thing differently that got them into bankruptcy. They

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Speaker 1: don't have to change management, they don't have to change

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Speaker 1: their standards for investing to make it a financially sound

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Speaker 1: retirement system. They're just counting on taxpayers to bail them out.

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Speaker 1: Let me ask you just froment about the SECURE two

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Speaker 1: point zero, which it's called setting every community up for

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Speaker 1: retirement Enhancement. It strikes me that you're hitting right at

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Speaker 1: something that fits with the impact of the inflation on

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Speaker 1: senior citizens. This is a follow up to the Secure Act,

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Speaker 1: which was signed in a law two years ago, and

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Speaker 1: that was focused on helping people save more and more

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Speaker 1: often and longer throughout their lifetime. This is focused on

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Speaker 1: the millions of Americans who probably won't save a dollar

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Speaker 1: throughout their lifetime. They'll be dependent on the federal government

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Speaker 1: in the in throughout their lifetime. We already know who

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Speaker 1: those people are. They have very modest incomes. They work

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Speaker 1: for very small businesses. So one of the big focuses,

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Speaker 1: not all, but one of them is helping small businesses

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Speaker 1: set up those retirement plans and helping them match the

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Speaker 1: first thousand dollars to match those workers. Than incentives for

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Speaker 1: workers to not only join those programs but start saving

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Speaker 1: for them, and we help them a little match those

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Speaker 1: first dollars into a private account. And so we're convinced

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Speaker 1: if we can get people into that savings mode, automatically

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Speaker 1: enrolled in these plans and engage to them. They can

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Speaker 1: have more peace of mind, have more security, more control

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Speaker 1: over their senior years. As conservatives, I would rather create

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Speaker 1: incentives in the private market now to help them save

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Speaker 1: than to pay for that dependency thirty or forty years

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Speaker 1: from now. I both want to thank you for joining me,

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Speaker 1: but I also want to thank you for your service

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Speaker 1: to our country. I wish you very well in your

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Speaker 1: future endeavors. I know you're going to continue to be

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Speaker 1: a leader, and I know with your extraordinary knowledge of

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Speaker 1: the tax code and of how it affects all different

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Speaker 1: aspects of the economy, you're going to play a significant

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Speaker 1: role in the future. I appreciate you briefing our friends

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Speaker 1: or the people who listen to news World, and I

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Speaker 1: really want to thank you for joining me on news

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Speaker 1: World and what'sh you Americ Christmas speaker, Thanks so much again.

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Speaker 1: As you know, I've been a big admirer for a

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Speaker 1: you have a great Christmas too. Thank you to my guests.

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Speaker 1: Congressman Kevin Brady. You can learn more about the topics

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