If we had not gotten the working families tax cuts done before December of last year, the American people would have experienced the largest tax increase in the history of planet Earth. $5.2 trillion in taxes would have been imposed on everybody's family. We reversed that. We gave them the largest tax cut in history, by extension, and we did the largest spending cut at the same time. That's what Republicans produce. (23:20–23:25)
CLAIM
Asserts that $5.2 trillion in taxes would have been imposed without the tax cuts.
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.
