The increased standard deduction from this bill is something that was claimed by more than 100 million Americans this year to reduce and to simplify their taxes. More than 34 million American families claimed the child tax credit this year, which the working families tax cuts permanently increased and linked to the cost of living. And nearly half of filers, half of filers, Mr. President, claimed one of the new tax cuts. No tax on tips and overtime, auto loan interest or the senior deduction. (05:20–05:33)
CLAIM
Asserts that over 34 million families claimed the child tax credit, which was permanently increased and linked to cost of living.
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