During a speech in St. Charles, Mo., to promote Republican tax legislation in Congress, President Donald Trump tried to offer some historical context.

"You know, for years, they have not been able to get tax cuts -- many, many years, since Reagan," Trump said on Nov. 29.

That’s flat wrong. Under three presidents -- Bill Clinton, George W. Bush and Barack Obama -- Congress enacted nine tax bills worth in the tens of billions of dollars in revenue reductions over four years.

Here’s the list, compiled from Treasury Department data.

Year	President	Name	Average annual revenue reduction over first four years, current dollars
1997	Bill Clinton	Tax Relief Act of 1997	$13.2 billion
2001	George W. Bush	Economic Growth and Tax Relief Reconciliation Act	$74.4 billion
2002	George W. Bush	Job Creation and Worker Assistance Act	$28 billion
2003	George W. Bush Featured Fact-check TikTok posts stated on November 11, 2023 in a TikTok post CNN and The Associated Press “admitted” to knowing about Hamas’ Oct. 7 attack in advance but didn’t tell anyone.	Jobs and Growth Tax Relief Reconciliation Act	$69.2 billion
2004	George W. Bush	Working Families Tax Relief Act	$25.9 billion
2005	George W. Bush	Tax Increase Prevention and Reconciliation Ac	$22.6 billion
2008	George W. Bush	Economic Stimulus Act	$33.7 billion
2009	Barack Obama	American Recovery and Reinvestment Tax Act	$76.6 billion
2012	Barack Obama	American Taxpayer Relief Act	$320.6 billion

These measures were not obscure pieces of legislation.

The list includes the two big Bush tax cuts from 2001 and 2003, arguably the signature domestic policy achievements of his presidency. Among other things, these bills cut rates for the top bracket from 39.6 percent to 35 percent.

The list also includes the extension of many of those tax cuts in advance of their scheduled expiration in 2013 under Obama -- a high-stakes legislative situation known as the "fiscal cliff." (The top-bracket rate was one that did not continue; it rose again to 39.6 percent.)

Trump's statement is ridiculously wrong -- since 1997, nine major tax bills have passed with tens of billions of dollars in cuts. We rate his statement Pants on Fire.

Share the Facts

2017-11-30 16:49:33 UTC

PolitiFact

1

1

7

PolitiFact Rating:

Pants on Fire

"For years, they have not been able to get tax cuts -- many, many years, since Reagan."

Donald Trump

President

https://www.whitehouse.gov/the-press-office/2017/11/30/remarks-president-trump-tax-reform

a speech in St. Charles, Mo.

Wednesday, November 29, 2017

2017-11-29

Read More

info