Skip to main content
You have permission to edit this article.
Edit
TAXES

TAXES

  • Updated

TRUMP: "You know, you got the biggest tax cut in the history of our country. I got it for you." — North Carolina rally.

THE FACTS: His tax cuts are not close to the biggest in U.S. history.

Election 2020 Trump

A Trump supporter lifts a Bible at a President Donald Trump campaign rally in Gastonia, N.C., Wednesday, Oct. 21, 2020. (AP Photo/Nell Redmond)

It's a $1.5 trillion tax cut over 10 years. As a share of the total economy, a tax cut of that size ranks 12th, according to the Committee for a Responsible Federal Budget. President Ronald Reagan's 1981 cut is the biggest, followed by the 1945 rollback of taxes that financed World War II.

Post-Reagan tax cuts also stand among the historically significant: President George W. Bush's cuts in the early 2000s and Obama's renewal of them a decade later.

0
0
0
0
0

Get Government & Politics updates in your inbox!

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News

Crime

Entertainment & Dining

Latest News

Local Sports

NWI Prep Sport News

Weather Alerts