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Mike Crapo: “Permanent R and D deduction. The 199A small business…”

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

Crapo: Tax Relief Gives Phenomenal Boost to Working Americans

Published April 17, 2026 | Video Starts at 03:06

… critical business taxes that have assured that we will get capital formation, jobs, new businesses, new workers and higher wages in our economy. And the reminder on those that was Permanent R and D deduction. The 199A small business deduction. The other pro growth job, reinvestment of capital in new equipment, new workers and workers makes it so that we have a phenomenal boost outside of the individual part of … (03:06–03:15)

CLAIM

Asserts that the R&D deduction and 199A small business deduction were made permanent.

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
“It was a $4.3 trillion tax hike that was coming.”
Crapo: Tax Relief Gives Phenomenal Boost to Working Americans | Uploaded April 17, 2026 | 00:54-00:59
“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