His proposal, which is a combination of a flat tax and changes in property tax laws, would cost communities and schools $1.2 billion. What's the cost of your proposal? Well, It would be $1.4 billion tax cut. And we approximately the last budget cycle, we basically cut about $1.2 billion away. We have over $3 billion in a rainy day fund. (03:43–03:47)
CLAIM
Asserts that their tax proposal would result in a $1.4 billion tax cut.
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.