President Donald Trump claimed that the Republican tax plans in Congress would “cost me a fortune.” He has offered no proof of that, and it’s highly doubtful. Several provisions of the tax bills would benefit wealthy individuals like Trump.
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.