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John Cornyn: “If we don't extend [the Trump tax cuts], every tax bracket…”

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

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Interview with Senator John Cornyn on FAA Authorization, Fentanyl Legislation, and Tax Cuts

Published | Video Starts at 16:04

And the people you mentioned who are making a lot of money, they pay a higher percentage of their income because they make more. So it's all based on your percentage of income. And, but I, I do agree with you that If we don't extend [the Trump tax cuts], every tax bracket will experience a tax increase. Wall street journal said 62% of taxpayers will see a tax increase on top of 40 year high inflation, which we've been through in the last few years. (16:04–16:10)

CLAIM

Asserts that failing to extend the Trump tax cuts will result in tax increases for all brackets.

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.


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