So the Tax Cuts and Jobs act was a massive, by any stretch of the imagination, success and probably no better evidence of that than the fact that the Congressional Budget Office, which has been quoted a lot here in The Congressional Budget Office underestimated the amount of revenue that would come into the federal government by $1.5 trillion [after the Tax Cuts and Jobs Act]. Estimated the amount of growth underestimated I should the amount of growth in the economy by 5.4% dramatically underestimated what would generate in terms of revenue and what it would generate in terms of growth. (03:43–04:04)
CLAIM
Asserts that the CBO underestimated federal revenue by $1.5 trillion following the Tax Cuts and Jobs Act.
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