Recent Press Releases

‘Republicans strongly oppose this effort to tamper with a program that’s working extraordinarily well by every conceivable measure’



WASHINGTON, D.C. – Senate Republican Leader Mitch McConnell spoke on the Senate floor Wednesday to oppose cloture on S. 3 the Medicare Drug bill.



“I rise in opposition to the effort to roll back the remarkable success of a prescription drug benefit that American seniors have been waiting for for decades and which millions of them now enjoy.



“Republicans strongly oppose this effort to tamper with a program that’s working extraordinarily well by every conceivable measure. And in standing against those who would end it, we’re standing up for the 32 million seniors in this country who enthusiastically support this terrific, life-changing benefit.



“But before I explain our reasons, let me thank Senator Grassley, who has been an extraordinarily effective leader on the Finance Committee and been right in the middle of this issue going back to its formative stages in 2003 and has made a very articulate and persuasive case today for not tampering with this extraordinarily successful program.



“Having said that, let’s get right to the point: Republicans are on the side of seniors on this issue. There’s simply no doubt about this.



“The only thing in question is why Democrats would even think about meddling with a drug benefit that’s got:



“92 percent coverage



“80 percent satisfaction



“And which costs more than 30 percent — more than 30 percent — less than even the most daring bean counters estimated when we passed the bill.



“Seniors who’ve signed up for this benefit are saving an average of $1,200 a year on the cost of medicine.



“And taxpayers are saving billions — two hundred sixty-five billion over the next ten years.



“Now, I ask everyone — anyone — in this chamber: When was the last time a government program came in under budget?



“For those of you who may be watching on C-SPAN, that quietness was the sound of crickets and tumbleweed you just heard echoing from the Senate Chamber — because I doubt a single government program in modern history, let alone one this big and this important, has ever come in under budget.



“So it’s a mystery, a mystery, why our Democrat friends would want to tamper with this Medicare benefit.



“If it isn’t broke, why break it?



“Now, the refrain we keep hearing is that we need competition, that drug prices will be even lower if we allow the government to bargain for lower prices.



“Unfortunately, that’s just not true. The impartial Congressional Budget Office just sent us a letter saying there would be zero – that is zero -- savings if government stepped in and interfered with the current system. They sent the same letter to a Republican-controlled Congress last year.



“And the reason is simple: prices have plummeted under Part D precisely because we’ve let private drug benefit managers — who already negotiate — into a government drug program for the first time.



“They do the negotiating for us — and it’s a good thing, because they’ve got much more leverage than we do. The three biggest drug negotiators, in fact, have four times as many members as the entire Medicare population.



“Let me say that again. The three biggest drug negotiators have four times as many members as the entire Medicare population.



“Look, you don’t have to be Milton Friedman to see that bigger negotiators are going to get better prices. And that’s what we’ve got right now with these drug benefit managers.



“Yet the other side wants to send the government to the negotiating table — a population with one fourth the negotiating power. That’s like sending a little league pitcher up to the big leagues and handing him the ball for the big game. We’ve already got aces on the mound. And they don’t need any relief.



“The point here is that Republicans favor negotiation and competition, and Democrats oppose it. Just look at the numbers. They speak for themselves. There’s no way we could have achieved these savings if market competition and negotiation weren’t at play.



“Secretary Leavitt said it pretty clearly yesterday. ‘There is rigorous, aggressive negotiation taking place now,’ he said. And that’s why we’re seeing such success, and satisfaction, with this program.



“But let’s assume just for the sake of argument that price isn’t an issue. What about choice?



“Here too, Republicans are on the side of seniors.



“The VA model the Democrats are for some reason enamored with is inflexible and restrictive.



“It excludes three out of four drugs available through Part D, including some of the most innovative treatments for arthritis, high cholesterol, breast cancer, and other ailments.



“Veterans who want cutting-edge drugs like Crestor or Revlimid have to go elsewhere, or they have to go without.



“And the choice that more than one million of them have already made is to join the Part D program — more than one third of them have signed up for the program over the last few years.



“So let’s sum it up: this seniors prescription drug benefit is popular, it’s reaching millions of seniors, it’s saving us billions of dollars, and veterans who’ve been using the program that Democrats want us to imitate are signing up for this other one in droves.



“No wonder the former Democratic Majority Leader, Senator Daschle and President Clinton’s Health Secretary were all for creating a program like Part D before suddenly our friends on the other side decided to oppose it.



“This debate is hardly worth having. The facts are plain. Tens of millions of seniors in this country finally have a great drug benefit — cheap, comprehensive, easy-to-use. And Republicans aren’t going to let anybody fool with it.



“I strongly oppose cloture on the motion to proceed and I urge my colleagues to vote similarly.”



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Paying the taxman every year, at about this time, is already an occasion for dread in most Kentucky households. Nobody likes paying taxes. But if some in Washington have their way, future tax bills will make this year’s look like pocket change.



Washington Democrats recently unveiled their first budget since taking control of Congress in last year’s elections, and they proposed the single biggest tax increase in American history—nearly $1 trillion, raising taxes on every single taxpayer.



Young or old, married or single, retired or working, rich or poor—by turning back years’ worth of tax relief legislation passed by Republicans in Congress, this new budget has your wallet in its crosshairs.



What would it mean to Kentucky families if these Washington liberals’ budget policies become reality? The best way to illustrate that is to look at the form many of you just put in the mail, the 1040, and go through it line by line.



Line 2: Checking the “married” box, like half a million Kentucky couples, will incur a marriage penalty as the $3,400 deduction is chopped by at least $1,360, and tax rates kick in earlier for married couples.



Line 6: The personal exemption of $3,300 will be whittled down, to as low as $0 for some Kentuckians.



Line 9: If you have investments, watch out for higher rates on dividends, which could double from a top rate of 20 percent to nearly 40 percent. Because these are common sources of retirement income claimed by more than half of all seniors, their income will be drastically reduced.



Lines 13 and 14: Kentuckians with investments should also beware higher taxes on capital gains. They’ll jump from 15 to 20 percent.



Line 33: Some middle-income Kentucky college graduates will see their student loan interest deduction cut; others will lose it entirely.



Line 44: More than 1.2 million taxpayers across the state who currently enjoy a low 10 percent tax bracket will see their rate jump to 15 percent, an increase of 50 percent. Every other rate will go up, too.



Line 45: The higher “alternative minimum tax” will dramatically increase taxes for as many as 243,000 people across the state, compared to just 24,000 in 2004—ten times more than before.



Line 48: The child and dependent care credit gets chopped from $1,050 to $720 per child for moderate-income families—a cut of 31 percent.



Line 53: The current child tax credit many parents rely on will be slashed in half, from $1,000 to $500. Over 380,000 Kentucky families with children will feel this blow to their pocketbook.



All of this extra money that Kentuckians will send to Washington, and not invest in their own communities, will cost Kentucky an estimated 13,000 jobs. Millions of working families with children will see their taxes increase by nearly $3,000 annually.



As amazing as these tax hikes seem, they’ve been tried before. The last time Democrats controlled Congress, over a dozen years ago, they passed a budget imposing on the American people what was then the biggest tax hike in history—about one-third the size of the increase they are proposing now.



Republicans recognized that the best economic policy was to lower tax rates, get out of the way and let the great American economy get to work—so we did, and the results that followed speak for themselves. Democrats in Congress inherited from Republicans a booming economy with low unemployment and robust job growth.



Even despite 9/11, despite a recession, and despite a war, our economy has produced over 7.2 million new jobs since August 2003, more than the entire European Union and Japan combined.



You’d think some would have learned from America’s economic success. Or you’d think they’d at least have learned after what happened to them the last time they passed a massive tax increase. But now every taxpayer will share the pain. Who ever thought that Tax Day 2007 might one day be looked back on with fond nostalgia?


Washington D.C. – U.S. Senate Republican Leader Mitch McConnell joined his colleague Senate Majority Leader Harry Reid Monday in a moment of silence to recognize the victims of the tragedy at Virginia Tech:

“I, like all Americans, was shocked to hear about the tragedy at Virginia Tech. This unspeakable crime has stunned our nation. My heart goes out to the victims’ families and the entire Virginia Tech community on this horrific day. Today, the U.S. Senate held a moment of silence to recognize those killed and injured, and I ask all Americans to remember the victims in their thoughts and prayers.”

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