John Cornyn: “Households earning less than $400,000 a year will face a…”

“The middle class, hardworking middle class in our country ought to pay more, not less. If we let the tax cuts and jobs act provisions expire, Households earning less than $400,000 a year will face a $2.6 trillion tax hike, with the average family of four earning $80,000 paying $1,700 more in taxes alone. Every year in Texas, families will be saddled with $3,000 in additional taxes if we fail to extend these expiring provisions.” (12:06–12:23)

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.