Fact Check: Democrat blames Trump tax cuts for ballooning federal debt
PolitiFact is a fact-checking project to help you sort out fact from fiction in politics. Truth-O-Meter ratings are determined by a panel of three editors. The burden of proof is on the speaker, and PolitiFact rates statements based on the information known at the time the statement is made.A third bill making a major contribution to the national debt is the 2021 American Rescue Plan, signed by President Joe Biden with the exclusive support of Democrats.
Now for some caveats. First, a particular bill’s impact on the federal debt changes with time, as tax revenue waxes and wanes, so the figures here are estimates. But they are close enough to show the types of broad patterns that Ocasio-Cortez was referring to. PolitiFact reviewed how the Trump tax cuts, the CARES Act, and the American Rescue Plan have contributed to the debt since their enactment.
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