Especially back home in my state of West Virginia, the working families tax cuts provided much relief to our families, our farmers and our small businesses across the country. And it fulfilled President Trump's promise of tax relief and certainty. One of my priorities has been saving the gig Economy Taxpayer act, which repealed the Biden administration's harmful 1099K reporting threshold of $600 and it restored back to the proven standard of $20,000 and 200 transactions. Can you speak to how much of an effect that this policy had on the tax filings? Which of our hardworking Americans? Well, I think that just speaks to the Democrats. (00:55–01:15)
CLAIM
Asserts that the gig Economy Taxpayer act repealed the Biden administration's 1099K reporting threshold of $600, restoring it to $20,000 and 200 transactions.
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.
