Home / Thoook News / AP FACT CHECK: Trump on size of tax cuts

AP FACT CHECK: Trump on size of tax cuts

---------

HD Video

WASHINGTON — A look at one of President Donald Trump’s statements from his prepared State of the Union address on Tuesday night and how it compares with the facts:

TRUMP: “We enacted the biggest tax cuts and reform in American history.” — excerpt released by White House.

THE FACTS: No truer now than in the countless other times he has said the same. The December tax overhaul ranks behind Ronald Reagan’s in the early 1980s, post-World War II tax cuts and at least several more.

An analysis by the Committee for a Responsible Federal Budget in the fall put Trump’s package as the eighth biggest since 1918. As a percentage of the total economy, Reagan’s 1981 cut is the biggest followed by the 1945 rollback of taxes that financed World War II.

Valued at $1.5 trillion over 10 years, the plan is indeed large and expensive. But it’s much smaller than originally intended. Back in the spring, it was shaping up as a $5.5 trillion package. Even then it would have only been the third largest since 1940 as a share of gross domestic product.

——

Find AP Fact Checks at http://apne.ws/2kbx8bd

Follow https://twitter.com/APFactCheck

EDITOR’S NOTE — A look at the veracity of claims by political figures

Thoook.com