But let's just call it $400 billion because that makes the math easy for us to do in our head. So let's walk through some other things that are changing next year. … The child tax credit...doubled...to $2,000. In 2026...it goes back to 1,000. … When you can think about the inflation we've had since President Biden took office, if you live in the Scottsdale, Phoenix area that I represent, if you don't make more than 26% more today than you did the day Biden became president, you are poorer. (05:09–05:34)
CLAIM
Asserts that the child tax credit will decrease from $2,000 to $1,000 in 2026.
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