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No. 0061, statement style, black tee on a hanger
Entry 061Dec 1, 2017

“If we can continue to build on that, we will more than pay for and have lots of revenue left over when this is all said and done.”61

61John Thune, U.S. Senator (SD), Senate Republican Conference chair, Senate floor, December 1, 2017. Source

Why it’s on the record. CBO's April 2018 Budget and Economic Outlook estimated the law would add about $1.9 trillion to deficits over 2018-2028, after counting economic feedback. Thune became Senate Majority Leader in 2025.

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On the record

Defending the Tax Cuts and Jobs Act on the day the Senate passed it, after the Joint Committee on Taxation found it would add about $1 trillion to deficits even with growth.

Said by
John Thune, U.S. Senator (SD), Senate Republican Conference chair
Where
Senate floor
When
Dec 1, 2017
Source
Senate floor, December 1, 2017