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John Thune: “Nobody wants to see a $4 trillion tax increase.”

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

Incoming Senate Majority Leader John Thune talks the nuts and bolts of budget-reconciliation

Published December 11, 2024 | Video Starts at 07:35

I mean the 199A deduction is there through this entire next year. And the deadline we have in front of us is December 31st of 2025. And I think that deadline works to our advantage because Nobody wants to see a $4 trillion tax increase. And I can't imagine any Republican or the Senate who is going to vote to allow that to happen. (07:35–07:38)

CLAIM

Asserts that there is a potential $4 trillion tax increase that people want to avoid.

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.

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