Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 42 | NO. 1 | Friday, January 5, 2018

AP FACT CHECK: Trump inflates the size of his tax cuts

Print | Front Page | Email this story

NASHVILLE (AP) — President Donald Trump is misstating the size of his tax cuts.

Trump told a convention of the American Farm Bureau Federation in Tennessee on Monday the package he signed into law last month cuts taxes by $5.5 trillion, "with most of those benefits going to working families, small businesses and ... the family farmer."

An AP Fact Check finds that's not even close.

The estimated value of the tax cuts over the next 10 years is actually $1.5 trillion for families and businesses — not $5.5 trillion.

That's because of cuts in deductions and the use of other steps to generate offsetting tax revenue. Trump left out that half of the equation.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0