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John Hoeven: “CBO estimated no increase in revenues as a result of the tax…”

Featuring: John Hoeven, Republican | U.S. Senate North Dakota

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Senator John Hoeven pushes "One Big Beautiful Bill" benefits for North Dakota farmers

Published | Video Starts at 04:34

It's not a dynamic scoring model. It's the same model they used when we passed the Tax Cut and Jobs act, which is the precursor during President Trump's first administration. And CBO estimated no increase in revenues as a result of the tax cuts, but we got over 1.5 trillion more revenue. not from higher taxes, but from a growing economy. Now, Besson and Treasury people, as well as a lot of scoring models, that same score. And so that dynamic model was accurate. (04:34–04:44)

CLAIM

Asserts that despite CBO's estimate, tax cuts resulted in over 1.5 trillion more revenue.

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