Kennedy urges GOP to restart spending battle amid soaring cost of living, warns against wasting majority

One Senate Republican is making the case that lawmakers aren't using all the tools at their disposal to tackle affordability in the United States.

Sen. John Kennedy, R-La., wants Republicans to take another crack at budget reconciliation, the grueling, monthslong process used earlier this year to pass President Donald Trump's crowning legislative achievement of 2025, and one that tested the unity of congressional Republicans.

Kennedy wants to see the process used to eat into the cost of living in the country, which has proven a thorny issue for the GOP after Trump's promises on the campaign trail to hack away at skyrocketing inflation that proved politically fatal, among other issues like immigration, for Democrats in last year's election.

SENATE MULLS NEXT STEPS AFTER DUELING OBAMACARE FIXES GO UP IN FLAMES

But it's a Pandora's box that lawmakers have been hesitant to reopen after narrowly advancing the colossal tax package over the summer.

"I have been preaching as persuasively as I can for months now that we need to do another reconciliation, and in that bill, we need to address things like rules and regulations, which add about $2 trillion to the cost of goods and services," Kennedy said.

He acknowledged that the process could be tricky, given that it is governed by the Byrd Rule, which nixes any provisions that don't have a budgetary impact, but noted that lawmakers have at least two more attempts to take advantage of the process while Republicans still control both chambers of Congress.

TRUMP INSISTS PRICES ARE 'COMING DOWN,' BLAMES BIDEN - BUT VOTERS SAY THEY'RE STILL GETTING SQUEEZED

"And I am at a loss to understand why our leadership will not agree to another reconciliation," he said. "If you went to Senator [Chuck] Schumer right now and said, 'Schumer, Senator Schumer, you have the chance to pass anything you want to pass today within the parameters of Byrd, without having to depend on a single Republican vote,' what do you think Chuck would do? He'd take a dozen, and I just don't understand why we are not doing that."

Affordability and the cost of living have become a central focus for many on the Hill, particularly after dueling partisan proposals to tackle the impending hike to healthcare premiums and expiring Obamacare subsidies went down in flames last week.

Lawmakers are still searching for a path forward on that front, with a bipartisan group led by Sens. Susan Collins, R-Maine, and Bernie Moreno, R-Ohio, meeting on Monday night to build a consensus between the parties.

GOP ACCUSES DEMOCRATS OF MANUFACTURING AFFORDABILITY CRISIS AS OBAMACARE SUBSIDY FIGHT NEARS DEADLINE

Sen. Bill Cassidy, R-La., one of the architects of Senate Republicans' healthcare proposal that failed last week, told reporters, "The calendar precludes getting something done this week," but was still optimistic about finding a way to deal with rising costs on the healthcare front.

"But, still, a commitment to work together is a lot of progress," he said.

Still, Kennedy was ardent that lawmakers had spent little time since passing Trump's "big, beautiful bill," taking advantage of their majority in Congress.

"Yes, we passed the 'one big, beautiful bill,' that was July 1, five months ago, now, almost six months ago," he said. "We need to act. And I'm hoping that after the holidays, my friend, Senator [John] Thune, and he is a friend, and I think he's doing a great job, but I think Senator, I hope Senator Thune will relent and agree to another reconciliation bill that addresses the cost-of-living issue."