Politicians often make the same claims over and over again, leaving us fact-checkers empathizing with Bill Murray’s character in that 1993 classic “Groundhog Day.” This week was no different.
President Donald Trump misleadingly inflated the benefits of the tax overhaul when he claimed it provides “$3.2 trillion … in tax cuts for American families.” It actually totals about $1.5 trillion in tax cuts for all taxpayers, including corporations.
Rep. Kevin Brady, the chairman of the House tax-writing committee, made misleading claims about the Tax Cuts and Jobs Act passed by the House earlier this month.
A TV ad by a coalition of liberal groups leaves the false impression that 47 million “middle-class” households would be “stuck with the tab” for Republican tax cuts that benefit the wealthy. The 47 million figure refers to all households — not just the “middle class.”
The estimated cost of the Republican tax plan would not be the “largest tax cut in history” as a percentage of gross domestic product or in inflation-adjusted dollars, as CNN’s Jake Tapper explains in our latest fact-checking collaboration.
Will the Republican tax plan be the “largest tax cut in history,” as the Trump administration has repeatedly said? That’s still unknown. But past tax cuts have been larger than cost estimates of the GOP plan.