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John Cornyn: “61% of small business owners said they would have to…”

Featuring: John Cornyn, Republican | U.S. Senate, Texas

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Senate Discussion on President Trump's Budget and Tax Policy

Published | Video Starts at 03:46

But not just families would be affected Small businesses would see their federal tax rates increase by almost 50%. One recent survey found that 61% of small business owners said they would have to increase prices as a result of the tax increase. on them. Can you imagine what that would do to already high prices as a result of inflation? Nearly half of these small businesses reported they'd have to postpone or cancel capital investments. (03:46–03:54)

CLAIM

Asserts that 61% of small business owners would increase prices due to tax increases.

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