NONTRUTHS/TAXES/TRUMP AS PRESIDENT: “President Donald Trump on Tuesday [1-30-18] delivered his first State of the Union address, and CNN’s Reality Check Team was there to vet his claims.
The team of reporters, researchers and editors across CNN listened throughout the speech and analyzed key statements, rating them either true, true but misleading, or false.
Economy
Biggest tax cuts in history?… Trump thinks everything he does is huge. Tax reform is no different.
‘Just as I promised the American people from this podium 11 months ago, we enacted the biggest tax cuts and reform in American history,’ he said. ‘Our massive tax cuts provide tremendous relief for the middle class and small businesses.’
Tax analysts and Treasury data, however, contradict the assertion that the tax cuts included in the Tax Cuts and Jobs Act are the biggest in US history.
As a share of the economy, four other tax cuts have been bigger than Trump’s since the 1960s… It’s unclear how the White House is measuring “reform.’… As for the tax cuts themselves, they are notable, although not enormous for many…
Plus, for most middle-income groups, their tax cuts will start to diminish and then disappear completely, since individual tax cuts and other benefits would expire after 2025. Republicans say they will extend the individual tax cuts beyond that date.
Verdict: False.”
-CNN’s Reality Check Team, “CNN’s Reality Check Team vets Trump’s State of the Union,” CNN Politics, CNN.com, Jan. 31, 2018 09:46am