And if that expires, it would be one of the largest tax increases in American history. To a Montanan, an average Montana, that would be about a 26% increase in their income taxes. To a small business Montana, it's higher. It's about a 43% increase. So that's incredibly important that we make sure that that is not just extended, but made permanent. And that's what we're trying to do. (00:56–01:01)
CLAIM
Asserts that the expiration of the Tax Cuts and Jobs Act would result in a 43% income tax increase for small businesses in Montana.
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.