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John Cornyn: “These cuts in this rescissions package are very modest.”

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

Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight

Published July 19, 2025 | Video Starts at 03:04

But I don't think anybody should really wholly trust government supported media organizations. And we don't need to do that. We've got $36 trillion plus national debt and These cuts in this rescissions package are very modest. But we're told by President Trump and his administration that this is just the first of many. (03:04–03:08)

CLAIM

Asserts that the cuts in the rescissions package are small.

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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John Cornyn

“We've got $36 trillion plus national debt.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 02:59-03:04
“We're still dealing with the consequences of 40 year high inflation because of all the reckless spending by the Biden administration.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 07:07-07:15
“Everything's roughly 20% or more higher in costs.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 07:16-07:21
“The one big beautiful bill avoided a multitrillion dollar tax increase.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 01:00-01:12
“It extended middle class tax cuts to people who work for tips and people who work overtime.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 01:11-01:19
“It doubled the child tax credit.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 01:18-01:22
“It created enhanced opportunity zones for more investment in lighted areas in our communities around the country.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 01:24-01:33
“We're told by President Trump and his administration that this is just the first of many [cuts].”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 03:08-03:15
“Congress has a legitimate oversight responsibility when it comes to spending tax dollars, and the Federal Reserve is no exception to that.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 06:47-06:55
“It's a silent tax on the American people.”
Interview with Senator John Cornyn on Tax Cuts, Media Bias, and Federal Reserve Oversight | Uploaded July 19, 2025 | 07:20-07:23