Go back and look at the statistics. So what we're doing right now is by making all those tax cuts permanent, we're preventing the largest tax increase in U.S. history. Kristen, If we don't get this bill passed, every American is going to receive the largest tax increase in the history of our country at the end of this year when the TCJA expires. Don't forget that we have to extend it and this is the vehicle to do it. Bottom line, Mr. Speaker, you all had set a July 4th deadline to get all of this passed. (15:36–15:46)
CLAIM
Asserts that if the bill is not passed, every American will face the largest tax increase in U.S. history when the TCJA expires.
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.
