Donald Trump Exaggerated His Proposed Tax Cut Would be 'Biggest Cut in History'

President-elect Donald Trump speaking at rally in Hershey, Pennsylvania.By: MichaelVadon
Type: ExaggerationsMay 01 2017 Severity:
About: Ronald Reagan & Taxes
In an interview with Bloomberg, President Trump said this about his proposed tax cut bill of the time: “This is the biggest tax cut in history. This is bigger than Reagan. Remember we used to say, “The biggest since Reagan"? I used to say that. This is actually bigger than Reagan tax cuts.” In reality his tax plan would be less of a cut to the GDP than Reagan's, and only the 8th largest tax cut in US history.

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