Essentially by voting against it, they voted for a $3,000 tax increase on most families. Back in Texas, the Working Family Tax Cuts act permanently increased the standard deduction to $15,750, including an annual adjustment for inflation. Without our legislation, the standard deduction would have dropped to $8,300 next year. This means that the 12 million Texas families who claim the standard deduction each year would have had to pay an additional $7,450 in taxes next spring without that legislation having passed. (05:46–05:53)
CLAIM
Asserts that without the legislation, the standard deduction would have decreased to $8,300.
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.
