(CNN) President Donald Trump has bragged that the tax cuts Congress wants to pass this month would be the biggest in history. "It will be the biggest tax decrease, or tax cut, in the history of our country," Trump said Friday at the White House. "While it is not the largest tax cut ever, it is the most poorly timed giant tax cut in history," said Leonard Burman, institute fellow at the nonpartisan Tax Policy Center. The Treasury reports found that, since 1968, three other tax cut bills have been bigger: Reagan's 1981 cuts, and two bills passed by Obama to extend the Bush tax cuts. Trump's tax cut, by contrast, if it passes, is estimated to be about 1% of GDP per year.

Source: CNN December 15, 2017 22:18 UTC