Trump Claims His Tax Cuts Have ‘Biggest Impact’ in U.S. Economy

President Donald Trump claims that his government regulation cuts as well as tax cuts will remain as a lasting legacy even after he leaves the White House, The Hill reported.

The President made an appearance on ABC News for an interview with George Stephanopoulos who asked him if he views the appointment of more than 100 federal judges and two Supreme Court justices to the bench as his most lasting impact.

“Well it could, people have said that. I don’t think of it that way, because we’ve given the biggest tax cut in history, we have ANWR, we have the biggest regulation cut by far,” Trump said.

The life-long appointment of conservative federal judges can have lasting impacts on the nation’s laws, long after Trump’s first and possible second term in office. 

President Trump said that he is certain that his administration in particular has the largest impact and that his tax cuts are the reason the U.S. “economy is so good,” even though he previously agreed with Stephanopoulos that tax cuts “come and go”.

“The reason the economy is so good, and the reason that so many people are pouring up through Mexico and wanting to get into our country, including people from Mexico, is because the economy is so powerful, so good,” Trump said.

The President, backed by congressional Republicans, passed a plan in 2017 with which they would cut taxes, and the highest tax cuts were allowed to the highest earners.

The tax plan also limited State and Local Tax Deductions which hurt some residents in high-tax states such as New York and New Jersey. 

It also included a provision allowing drilling in the Arctic National Wildlife Refuge (ANWR). The controversial provision is being challenged by House Democrats who approved a bill repealing the measure in the House Natural Resources Committee in May. 

Trump furthered his ambitious regulatory cuts last week, issuing an executive order directing all agencies to cut their advisory boards by “at least” one third by Sept. 30. It is the most dramatic step in the Trump administration’s escalating pushback to advisory committees. 

Be the first to comment

Leave a Reply

Your email address will not be published.


*