Sen. Rand Paul Wants Congress to ‘Act Quickly’ on Regulation Repeal, Health Insurance, Tax Reduction

By Susan Jones | November 9, 2016 | 10:25am EST
Sen. Rand Paul (R-Ky.) has won re-election to a second term. (AP File Photo)

( - Sen. Rand Paul (R-Ky.), re-elected to a second term on Tuesday, told Fox News on Wednesday that "reaction to regulations" partly explains the Republican victory at all levels of government.

"The one thing I’m excited about the Trump presidency is, I think in the very first weeks of this next Congress, the Republican Congress is going to repeal some regulations, I hope half a dozen regulations or more, and we'll get ‘em onto Trump's desk, and I think he'll sign them."

Asked if Congress can repeal and replace Obamacare, as Republicans have long advocated, Paul hedged: "It's always difficult in the Senate, because you've got to get to 60 votes. But I think with the Republican president, it is a possibility."

Paul said at the very least, Congress should make the insurance market more competitive:

“There's all kinds of bad things about Obamacare that should end,” Paul said. “The number one thing on my list for Obamacare is we should make it legal -- make it ok, lawful, to sell insurance again.

“Right now, it's illegal in our country to sell inexpensive insurance because President Obama put mandates on all insurance, which added to expense. That's why our cost is rising.

“So at the very least, we should legalize the sale of any kind of insurance that the marketplace will bear.”

Paul said he also wants Congress to "act quickly" on tax reform. “If we want American businesses to stay in America, we need to lower the corporate income tax,” which is one of the highest in the world. Paul also said Congress should lower the tax on companies that want to send their profits back home.

Paul said he would take the money from the repatriation tax and put it into the highway fund. I think there are a lot of things you can do, but I wouldn't wait around for overall  tax reform, I'd just start passing some simple bills, lowering tax rates.”

Paul called the election results "a big repudiation" of the liberal elite, including the media elite, by flyover country.

"And actually, I'm waiting to see if they're all going to be getting on planes or private jets and moving this morning. I hope that will be fully reported in the news.”

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