In the same time period, President Franklin D. Roosevelt began public works projects in response to the Great Depression, Mr. Obama had enacted a stimulus package to counter the financial crisis, and President George W. Bush had signed major tax cuts.
He falsely claimed the United States is “the highest-taxed nation in the world.”
In 2015, the United States ranked in the middle or near the bottom compared among 35 advanced economies in the Organization for Economic Cooperation and Development by the typical metrics: No. 28 for total tax revenue as a percentage of gross domestic product, No. 22 for corporate tax revenue as a percentage of G.D.P. and No. 13 for tax revenue per capita.
He misrepresented the trend in home building.
Contrary to Mr. Trump’s claim that “homebuilders are starting to build again,” construction hit an eight-month low in May and was 2.4 percent lower compared with May of last year. The number of units authorized by permits, too, have fallen since January and declined by 0.8 percent compared to the same time last year.
He falsely claimed that an Obama-era rule applied to “a little puddle in the middle of their field.”
Mr. Trump rolled back a rule that limits pollution in the country’s waters. But that rule explicitly excludes puddles and most ditches, and it really only applies to streams and rivers that drain into major bodies of water.
He falsely claimed Gary Cohn paid “$200 million in taxes” to serve as his economic adviser.
Mr. Cohn, the former president of Goldman Sachs, was required to divest company shares under ethics laws, and sold about $220 million worth of Goldman stock. He also received a cash payout of about $65 million. The nearly $300 million payout is, of course, eventually subject to taxation but characterizing it as money paid to the I.R.S. is not accurate.
He exaggerated the increase in military spending as “historic.”
Mr. Trump proposed to add $52.8 billion…