July 16, 2026 · Taxes / Budget / White House briefing
Leavitt credits Trump with “the largest tax cuts in American history”
Karoline Leavitt said Americans had Trump to thank for the largest tax cuts in U.S. history. Federal budget scorekeepers confirm that the 2025 reconciliation law produces a very large reduction in federal revenues under the conventional present-law baseline. But the historical superlative is not self-proving: much of the law extends or modifies tax provisions that otherwise were scheduled to expire, and the Joint Committee on Taxation publishes materially different estimates depending on whether the comparison uses present law or a defined current-policy baseline.
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