And that's not all, because in addition to making permanent the tax relief we passed in 2017, Republicans have added a number of new tax relief measures to ensure that Americans can keep more of their hard earned money. We further increased the standard deduction. We further increased the child tax credit and indexed it to inflation. so that its value will never go down. We added a new bonus deduction for seniors, no tax on tips and overtime. And the list goes on. (01:41–01:50)
CLAIM
Asserts that the standard deduction and child tax credit were increased and indexed to inflation.
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.