Alex Padilla: “The top 1% will see a tax cut of more than $250,000 a year.”

“This bill is fundamentally about one thing and one thing only. Cutting taxes for the wealthiest Americans and big corporations. How else do you explain the fact that The top 1% will see a tax cut of more than $250,000 a year. while millions of American households will actually see a reduction in their annual income or take home pay?” (11:18–11:27)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.