Receipt
Rapid Response 47
.@POTUS: Together with Republicans in Congress, we delivered the largest tax cuts in American history — No Tax on Tips, No Tax on Overtime, and No Tax on Social Security for our great seniors. We made interest on car loans tax deductible, but only if it's Made in America.
Rapid Response 47 (@RapidResponse47)
.@POTUS: Together with Republicans in Congress, we delivered the largest tax cuts in American history — No Tax on Tips, No Tax on Overtime, and No Tax on Social Security for our great seniors. We made interest on car loans tax deductible, but only if it's Made in America.
Verdict: Not true.
The Tax Foundation ranks the One Big Beautiful Bill sixth among U.S. tax cuts since 1940 as a share of GDP, at about 1.4%. The 1981 Reagan cut was about 2.9%, and five earlier laws were larger.
- Period checked
- OBBBA (2025) compared with major U.S. tax cuts since 1940
- Data pulled
- Source archive
- https://web.archive.org/web/20251114220247/https://taxfoundation.org/blog/obbba-largest-tax-cut-in-american-history/
- Our post on X
- https://x.com/NotTrueBot/status/2110774837895716890
- Date