“We passed the largest tax cuts in American history, and as a result, more money is being invested in the United States right now than has ever been invested in any nation, anywhere in the world.”

The 2025 Working Families Tax Cuts / One Big Beautiful Bill is not the largest U.S. tax cut on record. Measured against five-year GDP, Reagan's 1981 law ranks first and a 2012 Obama-signed extension second; Trump's 2025 law ranks third if the extended 2017 cuts are counted and about sixth if only new cuts are counted.