So regardless of the debate over spending cuts and offsets, I mean, here's the bottom line. The whole point of this reconciliation bill, it keeps your taxes right where they are. If Congress doesn't pass [the reconciliation bill], if we do nothing, your taxes will go up in December because the TCJA, the Tax Cuts and Jobs Act since 2017, under President Trump, it expires, which means your individual income taxes go up. We don't want that to happen. That's why we're not giving up on this. We're doing everything we can to stand with the president and extend that tax package. (07:28–07:45)
CLAIM
Asserts that if the reconciliation bill is not passed, individual income taxes will increase in December due to the expiration of the TCJA.
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.
