We have not seen major, major cuts on taxes in regards to that 2017 bill or especially to the 2020 vote. Janet Moy so we reduced the tax on tips, the tax on overtime, the tax on Social Security. We doubled the death tax cap so that when a family is passing down a farm or a small business, they keep more of that money. and less of it goes to the federal government. This Congress has been very busy working to make sure that Americans can invest in their own money and not have it go to the federal government. (25:18–25:26)
CLAIM
Asserts that the death tax cap was doubled to benefit families passing down farms or small businesses.
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.
