Trump Achieved the Biggest Tax Cuts and Reforms in American History
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Because of President Donald J. Trump, Americans will benefit from the biggest tax cuts and reforms in American history.
President Trump’s tax cuts are the biggest gross tax cuts in American history, cutting over $5.5 trillion in taxes over ten years.
The President’s tax law included substantial reforms to make taxes simpler and fairer, which helped offset the cost of the tax cuts and thereby limit the net tax cut to $1.5 trillion.
President Trump cut the corporate tax rate from 35 percent to 21 percent, the largest percentage point reduction of the top marginal rate in history.
President Trump’s tax cuts include the biggest increase in the child tax credit in history.
As a combination of tax cuts and tax reform, the Tax Cuts and Jobs Act was therefore the biggest legislative action reforming our tax code in history.
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