And of course I think we ought to put it all on the table. The money we spend through discretionary spending, the money we spend through mandatory programs, the money that's spent through the tax code, The child tax credit and the Earned Income Tax credit alone represent $200 billion in spending. And this is using the tax code to basically create supplement our welfare system because it's a refundable tax credit, which means people get a check, get cold hard cash using the tax code. (12:37–12:45)
CLAIM
Asserts that the child tax credit and Earned Income Tax credit account for $200 billion in spending.
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.
