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David Schweikert: “All the marginal tax rates go up and that happens next year.”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

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'A Scam': David Schweikert Lays Waste To President Biden's Newly Announced Budget

Published | Video Starts at 14:03

Congratulations, you go up to 28. If you're one of those top earners, you now have functionally a 37% tax rate. You're going to 39.6. All the marginal tax rates go up and that happens next year. So at the moment, this election is over, the negotiations begin on this and it will matter who's in the Senate, Finance, who's in the House Ways and Means Committee, because the math, the math takes off. (14:03–14:07)

CLAIM

Asserts that marginal tax rates will increase next year.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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