Every single time over the decades that they've done the math on a tax cut, they always grossly underestimate its effect. So, for example, we're talking about the Tax Cuts and jobs act in 2017, in The CBO was off on their analysis of [the Tax Cuts and Jobs Act] by $1.5 trillion. Okay? Because they don't account for the growth. See what happened? The reason that the economy took off like a rocket in 2017 after we passed the bill, is because we cut taxes and cut regulations. (06:58–07:09)
CLAIM
Asserts that the CBO underestimated the fiscal impact of the Tax Cuts and Jobs Act by $1.5 trillion.
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