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John Thune: “It would represent a $4 trillion tax increase on the…”

Featuring: John Thune, Republican | Senate Majority Leader, South Dakota

Interview with Margaret on Republican Legislative Strategy and Challenges

Published January 5, 2025 | Video Starts at 16:21

There are, it's current policy. So it's the, these are tax laws that will expire at the end of this year if Congress doesn't take action to extend them. And It would represent a $4 trillion tax increase on the American people [if tax laws expire]. If we don't extend that policy, we're going to have a very robust conversation about tax reform. I was a big part of it back in 2017 when we did the initial Trump tax cuts. (16:21–16:26)

CLAIM

Asserts that the expiration of tax laws would result in a $4 trillion tax increase.

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John Thune

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