Scott Bessent: “No tax on tips, no tax on overtime, no tax on Social…”

“Because in the working families tax cut bill, we saw tips. If you earn tips in America, your taxes went down significantly. Is that an accurate statement? Yes, sir. No tax on tips, no tax on overtime, no tax on Social Security. Deductibility of auto loans for American made cars. And every Democrat voted against that and in favor of the largest tax hike in history. Now, on top of that, because we understand that raising children have never been more expensive.” (13:14–13:22)

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.