Trump Claims Record Tax Cuts
by Aurora F Ochoa: Donald Trump
Donald Trump claimed that they achieved the largest tax cut in history, with people receiving refunds of five, six, seven, or eight thousand dollars. He also said they've reduced taxes so much that some no longer need to be reported.
Transcript (en)
We had the biggest tax cut in history and people are getting five, six, seven, eight thousand dollars back. We have no tax on tips, which made it much simpler. We have no tax on Social Security, which made it much simpler. We have no tax on overtime, which makes even the returns much simpler. So what we've done is we've cut taxes so much and some of those taxes are no longer even have to be reported like no tax on tips. None of them do. So we are simplifying it. But we're also going to mechanically simplify it. And that'll be easy. The big thing was getting the cuts. So people are ending up with five or six thousand dollars now more than they thought they would have. And I think you see that people are saying, wow, this is great. That all because that's all because of the great, big, beautiful bill.
