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John Cornyn: “Small businesses would see their federal tax rates increase…”

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

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Senate Discussion on President Trump's Budget and Tax Policy

Published | Video Starts at 03:37

… of all of the inflation that Americans experienced During the last four years, roughly on average, about 21% increase in cost of living. But not just families would be affected Small businesses would see their federal tax rates increase by almost 50%. One recent survey found that 61% of small business owners said they would have to increase prices as a result of the tax increase on them. (03:37–03:44)

CLAIM

Asserts that small businesses would face a nearly 50% increase in federal tax rates.

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