George Stephanopoulos Versus Reality

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Decades after President Reagan’s tax cuts, the press’s refusal to accurately report on the reality of their impact is clouding the reaction to President Trump’s One Big Beautiful Bill.

Here is ABC News’s George Stephanopoulos on the July 6 “This Week With George Stephanopoulos” show. Stephanopoulos is interviewing the chair of Trump’s White House Council of Economic Advisers, Stephen Miran:

STEPHANOPOULOS: You say this is all going to turbocharge growth. We have seen some experience with this back -- in Ronald Reagan's day, back in 1981. He had huge tax cuts. The growth didn't come, and they had to end up raising taxes for several years after that.

Concerned that could happen again?

Stephanopoulos’s claim, in relation to Reagan’s tax cuts, that “the growth didn’t come” is not accurate. Actually, real GDP growth for 1984 was an astonishingly strong 7.2 percent.