President Trump began his State of the Union address Tuesday as expected by highlighting the strength of the US economy and calling attention to the newly passed tax cuts. "This is our new American moment," Trump declared. "There has never been a better time to start living the American dream." Prior to that, Trump boasted that we "enacted the biggest tax cuts and reform in American history," a claim disputed by fact-checkers at the Los Angeles Times and the Washington Post. As measured as a percentage of the gross domestic product, the tax cut comes in as the eighth largest. He also boasted that 3 million workers have gotten bonuses because of the tax cuts, and NBC News says that claim appears to be largely on the mark.
Other lines on the economy:
- "In our drive to make Washington accountable, we have eliminated more regulations in our first year than any administration in history."
- "We have ended the war on American energy—and we have ended the war on clean coal. We are now an exporter of energy to the world."
- "America has also finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs and our nation's wealth."
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