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John Thune: “Energy subsidies in the so-called Inflation Reduction Act…”

Featuring: John Thune, Republican | Senate Majority Leader, South Dakota

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Senate Majority Leader John Thune Discusses Congressional Bill and Elon Musk's Criticism

Published | Video Starts at 00:38

… upon a static scoring model used by Washington, D.C. scorekeepers that missed the 2017 Tax Cuts and Jobs act economic growth by 5.4%, underestimated revenue by $1.5 trillion, missed the Energy subsidies in the so-called Inflation Reduction Act were underestimated by 400%. I mean, these people don't have a really good track record when it comes to scorekeeping. What we know is this, when you reduce taxes on the American people and on small businesses, there is an incentive to invest more. (00:38–00:57)

CLAIM

Asserts that energy subsidies in the Inflation Reduction Act were underestimated by 400%.

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