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Mike Crapo: “It was a $4.3 trillion tax hike that was coming.”

Featuring: Mike Crapo, Republican | U.S. Senate Idaho

Crapo: Tax Relief Gives Phenomenal Boost to Working Americans

Published April 17, 2026 | Video Starts at 00:54

So the Working Families Tax Cut act prevented more than a $4 trillion tax hike. You remember that whole debate during the reconciliation bill. It was a $4.3 trillion tax hike that was coming. We also added, as you know, a number of taxes which are referenced here, and I'll go over them quickly in a little detail that now have been analyzed well … (00:54–00:59)

CLAIM

Asserts that a $4.3 trillion tax hike was anticipated before the Working Families Tax Cut act.

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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Mike Crapo

“The Working Families Tax Cut act prevented more than a $4 trillion tax hike.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 00:46-00:52
“The no tax on overTime has had 25 million people engaged in it.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 01:49-01:56
“The no tax on tips, 6 million people have claimed it.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 01:57-02:01
“The seniors deduction is up to 30 million people claiming it.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 02:00-02:06
“80% of the seniors on Social Security can qualify for this tax relief.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 02:07-02:14
“The Trump accounts, there's 5 million of them that have been created so far.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 02:24-02:29
“They have resulted in $600 billion plus going to $700 billion...of new tax relief for American people.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 01:10-01:22
“The largest proportional group getting the benefit of these [tax policies] is people making less than $50,000.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 01:26-01:33
“The average refund size is over $3,400. That's an 11% increase so far.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 01:40-01:47
“The tax relief for the seniors...is about a $7,200 deduction.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 02:14-02:21
“About 1.2 million of them qualify for the $1,000 tax contribution.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 02:28-02:34
“The law also restored and made permanent the three or four critical business taxes.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 02:51-02:56
“Permanent R and D deduction. The 199A small business deduction.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 03:06-03:15