John Cornyn: “62% of Americans will see a tax increase in 2026.”

“So failure is not an option. If the President's tax cuts are not extended The American people will face the largest tax increase in American history. 62% of Americans will see a tax increase in 2026. And working parents will see the child tax credit cut in half. That means the average family of four in Texas or Alabama, anywhere else in the country that earns eighty thousand dollars will face a seventeen hundred dollar tax increase.” (13:42–13:49)

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.