Northeast South Dakota News

U.S. Senate Majority Leader John Thune addressed the Senate floor, emphasizing a significant legislative opportunity for the United States. Thune described the proposed bill as a "once-in-a-generation opportunity" to enhance national security, economic growth, and energy independence.

Thune highlighted several key priorities of the bill: tax relief, economic growth, stronger national defense, secure borders, reliable energy supply, and reducing waste across the federal government. He stated that this comprehensive approach is rare and emphasized its potential impact on defense spending.

The bill proposes a $150 billion increase in defense spending to address military readiness issues by investing in shipbuilding, missile defense, drones, and more. Thune noted that while it is not a substitute for annual funding, it offers an opportunity to improve military capabilities amid global instability.

Border security is another focal point of the legislation with a proposed $160 billion investment aimed at addressing what Thune referred to as "the Biden border crisis." The plan includes hiring more Border Patrol agents and completing the border wall.

Energy independence also features prominently in the proposal. Additionally, there are measures to tackle waste and fraud within entitlement programs while making permanent some aspects of the 2017 tax relief act.

Tax-related provisions include eliminating taxes on tips and overtime for workers and enhancing deductions for seniors. A new initiative would create savings accounts for newborns with initial deposits of $1,000.

Thune expressed confidence that these measures would boost GDP by up to 4.9%, resulting in job creation and better wages. He reiterated Republican commitments made during elections regarding economic growth and securing borders.

He concluded by urging action on this legislation: "Mr. President, it’s time to get this legislation across the finish line."