President Donald Trump is proud of his economic record, and he points to some key economic indicators with great delight. But he doesn’t always stick to the facts out on the campaign trail when he talks to his supporters.
In calling for the repeal of the estate tax, President Donald Trump repeated a popular myth that a farmer’s heirs often have to “sell the farm” in order to pay the tax. In fact, less than 1 percent of the heirs of farm owners are expected to have to pay any estate tax.
In promoting his plan to overhaul of the nation’s tax system, President Donald Trump claimed “the rich will not be gaining at all with this plan.” But the tax proposal his administration outlined in April would heavily benefit high-income taxpayers, and Trump hasn’t revealed any changes to it.
The 2020 presidential campaign is more than 1,200 days away, but President Donald Trump held yet another Make America Great Again rally — this time in Cedar Rapids, Iowa. And, as he did in past campaign speeches, Trump spoke for a long time and reeled off numerous false and misleading claims.