Mr. President, it's people, it's families making less than $400,000 a year on whom the bulk of this would fall. $2.6 trillion of this tax hike that they're supporting would hit families making less than $400,000 a year. It would hit small businesses to the tune of $600 billion in tax increases. These are pass through businesses, the businesses who are out there creating the jobs every day. If we don't do this, they're going to face a $600 billion tax increase. (02:45–02:53)
CLAIM
Asserts that small businesses would face $600 billion in tax increases under the proposed tax hike.
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.
