All right, look, the working families tax cut, the biggest element of it was extending and making permanent the Trump tax cuts. If we had not done that...there would have been a $4 trillion tax increase. that would have been crippling to the economy. So making those tax cuts permanent is enormously important. We also made them bigger. So we pass no taxes on tips. (03:33–03:42)
CLAIM
Asserts that not making the Trump tax cuts permanent would have resulted in a $4 trillion tax increase.
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.
