… complete violation of every principle they claim except it happens to be their constituents and their contributors. All right, now, let's get a little. Have a little more darkness here. Expiring 2025 tax provision, child tax credit, and credit for other dependents. Right now you get a couple thousand dollars and it phases out. When you get around that $400,000 and next year it's no longer $2,000, it goes to one and it starts to phase out at $110,000, not 400,000. This is already the law. This is what's coming. I was delusional. I thought the president would actually talk about, hey, these are the things I'm willing to support in the tax reform and its extensions. (18:16–18:40)
CLAIM
Asserts that the child tax credit will decrease from $2,000 to $1,000 and phase out at $110,000 instead of $400,000.
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.
