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John Cornyn: “Small businesses who pay income tax on an individual tax…”

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 17:36

And we've expanded the, the individual deduction, the child tax credit and other things in 2017 when we last passed the Tax Cuts and Jobs act. And those would go away unless extended. So Small businesses who pay income tax on an individual tax return, so-called pass-through business entities, they would all end up paying more. which I think would have a very. Would have a negative effect on their business, their ability to hire. Hire people. So, like I said at the beginning, it's not going to be easy. (17:36–17:49)

CLAIM

Asserts that pass-through business entities will face higher taxes if the tax cuts are not extended.

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