Biggest Tax Bill and Tax Cuts in history just passed in the Senate. Now these great Republicans will be going for final passage. Thank you to House and Senate Republicans for your hard work and commitment!
POTUS made this claim via Twitter at approximately 645 a.m. CDT today December 2, 2017. He has made this claim several times this year. It is still not true. However, such claims by POTUS are consistent with his view that facts are malleable.
This is not my opinion. POTUS has explicitly made this claim. In The Art of the Deal he says " People want to believe something is the biggest and the greatest and the most spectacular. I call it truthful hyperbole. It’s an innocent form of exaggeration — and a very effective form of promotion."
This quote is a variation of "the big lie", also known as "Goebbels’ principle". The expression was coined by Adolf Hitler, when he dictated his 1925 book Mein Kampf, about the use of a lie so “colossal” that no one would believe that someone “could have the impudence to distort the truth so infamously.”
It is also not my opinion that POTUS' claim of the biggest tax bill and tax cut in history is not true. A 2013 Treasury Department report assessed the size of major tax bills either as a percentage of the economy, by the reduction in federal revenue or in inflation-adjusted dollars. The 1981 Reagan tax cut is the largest under the first two metrics. It was equivalent to 2.9 percent of gross domestic product and reduced federal revenue by 13.3 percent. The 2012 Obama tax cut amounted to the largest cut in inflation-adjusted dollars: $321 billion a year. For Mr. Trump’s tax cut to exceed the Reagan cuts as a share of G.D.P., the Committee for a Responsible Federal Budget estimates it would need to cost roughly $6.8 trillion over 10 years. To have a larger effect on revenue, it would need to cost $5.7 trillion. No version of the current tax cut plan meets those benchmarks. The budget blueprint that Republicans released in mid-October, the bill passed in the House in November and the bill currently being considered in the Senate all amount to a tax cut of about $1.5 trillion over 10 years. This would place as the 12th-largest as a share of the economy. If this data is available to me and you, it is certainly available to POTUS.
Whaduyathink?
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