Right. Just not increasing taxes. Correct. Because CBO score is based on a current law versus a current policy, which we switched. That is exactly what was going on. There was baselines that did not assume the extension of current law tax rates of which the American people would have been very surprised to know had changed from one year to the next. So I'll close on this talk. You've heard me say this before. Prior to the pandemic, we were spending 4.4 trillion. This year we'll spend 7.5 trillion, probably your budget shows, for 8 trillion. (05:58–06:08)
CLAIM
Asserts that tax rate baselines did not assume extensions, potentially surprising the public.
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.
