John Thune: “If Congress doesn't act, Americans making less than $400,000…”

“The tax relief that Republicans passed in 2017, tax relief that put more money in the pockets of working Americans, is set to expire at the end of this year. And If Congress doesn't act, Americans making less than $400,000 a year will see a $2.6 trillion tax hike in 2026. We are not going to let that happen. And our biggest focus this month will be completing this tax relief legislation with the goal of getting the final bill to the president before the Fourth of July.” (02:08–02:18)

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.