John Cornyn: “Working parents will see the child tax credit cut in half.”

“As I said, if the President's tax cuts are not extended, we'll see a multi trillion dollar tax hike, the largest in history. 62% of American taxpayers will see a tax increase in 2026. Working parents will see the child tax credit cut in half. And the average family of four that earns $80,000 a year will face a $1,700 tax increase. Back home in Texas, my constituents would see their taxes increased by $3,000 on average next year.” (02:20–02:26)

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.