Fact Checking

What we did was incredible.  We got the largest tax cut in history.

- Donald Trump 

The valid means by which to measure the size of any administration's tax cut is to compare it to the size of the economy at that particular point in time.

Using this yardstick, the tax cuts passed into law during the tenure of President Trump was the eighth largest of the past century.

This puts it significantly behind cuts enacted under Presidents Reagan and Obama.  

I'm old enough to remember and was working pretty damn hard to launch a professional practice when Reagan signed into law the Economic Recovery Tax Act of 1981.  ERTA - sometimes called the Kemp-Roth Tax Cut - was enacted by the 97th Congress and targeted to encourage economic growth.  It was seismic. 

And remember - The Trump tax cuts favored individuals and large corporations who have significantly more income and personal wealth than you and I have.  Middle America and small business start-ups got the equivalent of sloppy seconds.  

The Reagan tax cut was more than four times larger in scale.  Donald Trump is a liar. 

Nothing new under the sun.