So, for example, we're talking about the Tax Cuts and jobs act in 2017, in the first Trump administration, they were off on their analysis of that 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. And that means, very simply that job creators and entrepreneurs and risk takers, manufacturers, farmers, they can expand their operations because they're not sending all their money to Washington. (07:12–07:19)
CLAIM
Asserts that the economy improved in 2017 due to tax and regulation cuts.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
