But we saved the average Texas family more than $3,000, and we prevented 62% of Americans from seeing a tax increase. Small business owners alone would have seen their federal tax rates increase by nearly 50%, and American households would have faced a more than $4 trillion tax hike. Democrats, as I said, were okay with that. By now, at least, most of my colleagues have become familiar with some of these top line numbers. (02:02–02:08)
CLAIM
Asserts that American households would have faced a tax hike exceeding $4 trillion without the tax cuts.
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.
