But all of that was scheduled to expire at the end of this year. Without action, Americans would have seen their tax rates increase and the child tax credit shrink by 50%. A typical family would have seen its taxes go up by about $1,700 a year. My state of South Dakota, a typical family would have seen a $2,500 tax increase. Republicans were determined not to let that happen. And so a priority for 2025 became extending the 2017 tax relief. (00:37–00:43)
CLAIM
Asserts that a typical family would face a $1,700 annual tax increase without action.
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.
