This town has been kicking the can down the road for decades. You can't do it anymore. We just spent $7 trillion. As a country that raises 5 trillion in taxes. And by the way, We've never raised 5 trillion in taxes in America. We did last year. We have to cut spending. There isn't a tax increase alive that can fill the gap. And so the reality is that if we're responsible with the money of the American people, we will be rewarded for that responsibility. (35:33–35:40)
CLAIM
Asserts that the U.S. raised $5 trillion in taxes for the first time last year.
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.
