Where do you think it can be improved by your Republican colleagues in the Senate? Well, I personally have been outspoken on the low income tax credit. We're spending over $12 billion a year on [the low income tax credit] that primarily benefits property developers, not even low income people. The SALT deduction is way too big. There's so many possibilities for tax cuts here. I'd like an increase in the personal exemption to help out families with children, successful families with children. (01:30–01:42)
CLAIM
Asserts that the low income tax credit costs over $12 billion annually and mainly benefits property developers.
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.
