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Forbes Breaking News
  • 5 months ago
At an event in Peachtree, Georgia on Thursday, Vice President JD Vance spoke about the impacts of the Big Beautiful Bill.
Transcript
00:00Now what does this law mean for you? What this law means for you is that your
00:07take-home pay is going to go up over ten thousand dollars over the next few
00:12years. What that means is that if you're working an hour of overtime, the federal
00:17government is going to keep its money the hell out of your pocket. Because if
00:21you're working hard, the government ought to leave you alone. Ain't that the truth?
00:30Do we have any single moms out there? Any single dads? Any people who work hard every
00:36single day? I had a single mom and for a time my mom worked at a restaurant. She
00:41waited tables like a lot of folks out there. And you know what we did in this
00:46new law? We said that if you're working hard and you're making your income via
00:51tips, we are not going to tax tips anymore because we want to give everybody out
00:56there that's working hard for those tips, a little bit of relief. And that's what
01:04the working families tax cut did. No matter where you are in this country, if
01:07you're working hard and played by the rules, you ought to get ought to have a
01:10government that stands up for you instead of fights against you. That's why we
01:15increased that child tax credit in the working families tax cut. That's why we
01:20eliminated taxes on overtime and on tips. And that's why we had the biggest tax cut
01:26for families that this country has ever seen because we believe that you ought to
01:30keep more of your hard-earned money. And we believe that if you're busting your
01:34rear end every single day, the government ought to make it easier for you and not
01:38harder for you. And that's why we fought for that legislation.
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