Top Ten False Claims from President Trump on Tax Reform
Top Ten False Claims from President Trump on Tax Reform
FALSE
TRUMP CLAIM: “THIS IS NOT A PLAN FOR THE RICH.”
President Donald Trump: “This is not a plan for the rich. This is a plan for the middle class and this is a plan for jobs and this is a plan to bring $4 trillion back into the United States.” [Press Gaggle, 9/14/17]
Tax Policy Center: “On average, taxes for the top 1 percent would fall by more than $200,000 or 8.7 percent of their after-tax incomes. The top 0.1 percent would do even better. They’d get an average tax cut of more than $1 million, a 9.7 percent boost in their after-tax incomes.” [Tax Policy Center, 9/29/17]
FALSE TRUMP CLAIM: TRUMP TAX PLAN WILL GIVE TYPICAL HOUSEHOLDS A $4,000 RAISE
Tax Policy Center: “On average, taxes for the top 1 percent would fall by more than $200,000 or 8.7 percent of their after-tax incomes. The top 0.1 percent would do even better. They’d get an average tax cut of more than $1 million, a 9.7 percent boost in their after-tax incomes.” [Tax Policy Center, 9/29/17]
FALSE TRUMP CLAIM: TRUMP TAX PLAN WILL GIVE TYPICAL HOUSEHOLDS A $4,000 RAISE
President Donald Trump: “So each household, on average, would take in $4,000, and they'll go out and they'll spend that money and that'll be great for the economy.” [Remarks at a Meeting With Senate Finance Committee Members, 10/18/17]
FactCheck.Org: Trump’s Dubious $4,000 Claim. “Don’t count on it. This claim is dubious at best.” [FactCheck.Org, 10/23/17]
FactCheck.Org: Trump’s Dubious $4,000 Claim. “Don’t count on it. This claim is dubious at best.” [FactCheck.Org, 10/23/17]
FALSE
TRUMP CLAIM: “AT THE HEART OF OUR PLAN IS A TAX CUT FOR EVERYDAY WORKING
AMERICANS.”
President Donald Trump: “At the heart of our plan is a tax cut for everyday working Americans. The first $12,000 for a single individual, and the first $24,000 for a married couple, will be tax-free.” [Remarks to Heritage Foundation, 10/17/17]
President Donald Trump: “At the heart of our plan is a tax cut for everyday working Americans. The first $12,000 for a single individual, and the first $24,000 for a married couple, will be tax-free.” [Remarks to Heritage Foundation, 10/17/17]
Tax Policy Center: “By 2027, the top 1 percent would get 80 percent of the plan’s tax cuts while the share for middle-income households would drop to about 5 percent.” [Tax Policy Center, 9/29/17]
FALSE TRUMP CLAIM: “I WILL PAY MORE THAN I PAY RIGHT NOW.”
President Donald Trump: “I will pay more than I pay right now.” [Fox News, 4/28/17]
Politifact: Donald Trump's Dubious Claim That His Tax Plan Won't Benefit Him. “We rate his statement False.” [Politifact, 9/28/17]
Politifact: Donald Trump's Dubious Claim That His Tax Plan Won't Benefit Him. “We rate his statement False.” [Politifact, 9/28/17]
FALSE TRUMP CLAIM: “THE ESTATE TAXES IS ONE OF THINGS AND THAT'S, IF YOU LOOK AT, FOR FARMERS AND PEOPLE WITH SMALL BUSINESSES.”
President Donald Trump: “To protect millions of small businesses and the American farmer, we are finally ending the crushing, the horrible, the unfair estate tax, or as it is often referred to, the death tax.” [Indianapolis Star, 9/27/17]
Politifact: Donald Trump's Pants on Fire Claim About The Estate Tax, Small Businesses And Farms. “We rate the statement Pants on Fire.” [Politifact, 9/28/17]
FALSE TRUMP CLAIM: “THIS WILL NOT INCREASE, THIS WILL LOWER THE DEFICIT”
President Donald Trump: "Yes. This will not increase, this will lower the deficit, because I think we're going to take off like we have never taken off before.” [Forbes,10/10/17]
Washington Post Fact Checker: “And it’s a fantasy to claim that the tax cut will pay for itself — and even reduce the deficit — especially in an economy that already has low unemployment and a booming stock market.” [Washington Post, 9/29/17]
Washington Post Fact Checker: “And it’s a fantasy to claim that the tax cut will pay for itself — and even reduce the deficit — especially in an economy that already has low unemployment and a booming stock market.” [Washington Post, 9/29/17]
FALSE
TRUMP CLAIM: “THE REPUBLICAN PARTY IS VERY, VERY UNIFIED.” ON TAX REFORM
President Donald Trump: “Just so you understand, the Republican Party is very, very unified.” [Remarks by President Trump and Senate Majority Leader Mitch McConnell in Joint Press Conference,10/16/17]
WSJ: High-Tax States Balk at Republican Deduction Proposal. “House Republicans from New York, New Jersey and other high-tax states have been resisting GOP leaders’ proposals to repeal the deduction and use the money to lower tax rates.” [WSJ, 10/23/17]
WSJ: High-Tax States Balk at Republican Deduction Proposal. “House Republicans from New York, New Jersey and other high-tax states have been resisting GOP leaders’ proposals to repeal the deduction and use the money to lower tax rates.” [WSJ, 10/23/17]
FALSE TRUMP CLAIM: DEMOCRATS WILL ONLY VOTE FOR TAX INCREASES
President Donald Trump: “The Democrats will only vote for Tax Increases.” [@RealDonaldTrump,10/18/17]
Letter from Senate Democrats to Trump: “First, we believe that tax reform should not increase the tax burden on the middle class. … Second, we believe it is crucial that tax reform legislation go through regular order and not reconciliation. … Third, tax reform should be focused on providing a revenue base that meets the needs of our country. … We look forward to working together to write tax reform legislation that provides real relief for America’s working families. [Letter to President Trump, 8/1/17]
Letter from Senate Democrats to Trump: “First, we believe that tax reform should not increase the tax burden on the middle class. … Second, we believe it is crucial that tax reform legislation go through regular order and not reconciliation. … Third, tax reform should be focused on providing a revenue base that meets the needs of our country. … We look forward to working together to write tax reform legislation that provides real relief for America’s working families. [Letter to President Trump, 8/1/17]
FALSE TRUMP CLAIM: LARGEST TAX CUTS IN HISTORY
President Donald Trump: “We're going to introduce a tax plan that's the largest tax cut, essentially, in the history of our country.” [Press Gaggle by President Trump, 9/27/17]
AP Fact Check: Trump's Tax Plan Is Far From The Biggest Ever. “His tax plan is, at most, fifth largest in its estimated cost, says Marc Goldwein of the nonpartisan Committee for a Responsible Federal Budget. It could end up being even lower on the ladder historically.” [AP, 10/16/17]
AP Fact Check: Trump's Tax Plan Is Far From The Biggest Ever. “His tax plan is, at most, fifth largest in its estimated cost, says Marc Goldwein of the nonpartisan Committee for a Responsible Federal Budget. It could end up being even lower on the ladder historically.” [AP, 10/16/17]
FALSE TRUMP CLAIM: “WE'RE THE HIGHEST-TAXED COUNTRY IN THE WORLD”
President Donald Trump: “Right now we're paying the highest tax rate in the world.” [Press Gaggle, 9/14/2017]
CNN Money: Trump Says The U.S. Is The Highest Taxed Country In The World. It's Not. “No, it's not. In fact, Trump has made the very same blanket claim at least 18 times before, according to the Committee for a Responsible Federal Budget.” [CNN Money, 9/6/17]
CNN Money: Trump Says The U.S. Is The Highest Taxed Country In The World. It's Not. “No, it's not. In fact, Trump has made the very same blanket claim at least 18 times before, according to the Committee for a Responsible Federal Budget.” [CNN Money, 9/6/17]
