Rand Paul: ‘Refundable Tax Credits Are Just Welfare,’ You Can Still Get It Even if Your Parents Are in the U.S. Illegally

BARTIROMO I know that ░░░░░░░░ and many of your ░░░░░░░░ feel that this is ░░░░░░░░ moment in time You ░░░░░░░░ got an extraordinary moment ░░░░░░░░ time to actually make ░░░░░░░░ dent here We spoke ░░░░░░░░ Maya MacGuineas this week ░░░░░░░░ I was at the ░░░░░░░░ conference about this very ░░░░░░░░ and she had her ░░░░░░░░ ideas in terms of ░░░░░░░░ significant cuts can be ░░░░░░░░ Here she is She ░░░░░░░░ the president of the ░░░░░░░░ for a Responsible Budget ░░░░░░░░ Clip starts MACGUINEAS They ░░░░░░░░ be looking at Medicare ░░░░░░░░ they should and are ░░░░░░░░ looking at Medicaid We ░░░░░░░░ expanded the budget in ░░░░░░░░ care massively in recent ░░░░░░░░ and we have not ░░░░░░░░ that back to different ░░░░░░░░ There are a lot ░░░░░░░░ savings there that will ░░░░░░░░ affect recipients Another area ░░░░░░░░ the budget they re ░░░░░░░░ looking at at all ░░░░░░░░ trillion plus in tax ░░░░░░░░ over the budget window ░░░░░░░░ that is quite frankly ░░░░░░░░ through the tax code ░░░░░░░░ we act like it ░░░░░░░░ tax cuts but it ░░░░░░░░ things that really increase ░░░░░░░░ inefficiencies equities de level ░░░░░░░░ playing field We want ░░░░░░░░ broaden that tax base ░░░░░░░░ we can keep rates ░░░░░░░░ and then look at ░░░░░░░░ the areas of the ░░░░░░░░ discretionary portion welfare programs ░░░░░░░░ which they re looking ░░░░░░░░ but there s spectrum ░░░░░░░░ s repealing parts of ░░░░░░░░ IRA the ACA a ░░░░░░░░ of things that have ░░░░░░░░ in the past couple ░░░░░░░░ years that we could ░░░░░░░░ back and we could ░░░░░░░░ get that 2 trillion ░░░░░░░░ ends BARTIROMO Senator your ░░░░░░░░ Paul Well refundable tax ░░░░░░░░ are just welfare So ░░░░░░░░ child tax credit and ░░░░░░░░ earned income tax credit ░░░░░░░░ t really earned They ░░░░░░░░ just welfare payments They ░░░░░░░░ t come out of ░░░░░░░░ taxes they come out ░░░░░░░░ someone else s taxes ░░░░░░░░ s about 100 billion ░░░░░░░░ it s said to ░░░░░░░░ about a 25 percent ░░░░░░░░ rate Actually if your ░░░░░░░░ come in here illegally ░░░░░░░░ can still get the ░░░░░░░░ tax credit because if ░░░░░░░░ were born here and ░░░░░░░░ re now a citizen ░░░░░░░░ your parents who came ░░░░░░░░ the country illegally can ░░░░░░░░ for a tax credit ░░░░░░░░ you So the whole ░░░░░░░░ needs to be reformed ░░░░░░░░ really shouldn t have ░░░░░░░░ tax credits We should ░░░░░░░░ call that welfare and ░░░░░░░░ we debate how much ░░░░░░░░ we have But we ░░░░░░░░ have a ton of ░░░░░░░░ but you have to ░░░░░░░░ spending you have to ░░░░░░░░ at entitlements You also ░░░░░░░░ to make the states ░░░░░░░░ their fair share And ░░░░░░░░ reason you do this ░░░░░░░░ not to punish states ░░░░░░░░ because states are more ░░░░░░░░ responsible because they don ░░░░░░░░ have a Federal Reserve ░░░░░░░░ have to borrow money ░░░░░░░░ try to balance their ░░░░░░░░ So every state even ░░░░░░░░ York and California are ░░░░░░░░ conservative than the federal ░░░░░░░░ because there are some ░░░░░░░░ on their borrowing capacity ░░░░░░░░ we need to shift ░░░░░░░░ cost It doesn t ░░░░░░░░ we get rid of ░░░░░░░░ but every state should ░░░░░░░░ paying at least half ░░░░░░░░ the cost of Medicaid ░░░░░░░░ now the state is ░░░░░░░░ paying 10 percent of ░░░░░░░░ of the people on ░░░░░░░░