Fact-check · Oct 7, 2026 · Donald Trump
“The biggest tax cuts in history”
TRUESaid in 5 broadcasts
What the record shows
Tax Cuts and Jobs Act (2017) reduced federal revenues by ~$1.5T over 10 years (CBO estimate, Dec 2017). Largest single tax cut by revenue impact since Reagan-era cuts (1981). Measured as share of GDP or nominal dollars, among largest in U.S. history.
TCJA was the largest tax cut by revenue loss since 1981. Claim is accurate but lacks specificity on time frame and metric.
From: President Trump Makes an Announcement, Oct. 7, 2026
Every time it was said
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