President Trump called on Congress to pass his tax plan Wednesday in tweets hailing the proposed cuts as "the largest ... in U.S. history."
The proposal, which still lacks specific legislation, calls for a large cut to the corporate tax rate, reducing it from 35% to 20%, and an end to the estate tax.
Trump frequently overstates the plan's size. It is, at most, fifth largest in its estimated cost, said Marc Goldwein, senior vice president and policy director at the nonpartisan Committee for a Responsible Federal Budget. It could well end up being even lower on the ladder historically.