Former Vice President Joe Biden wrongly says “most of the conservative think tanks,” including the Heritage Foundation, agree that the tax cuts championed by President Donald Trump “generated virtually no growth at all.”
In this fact-checking video, CNN’s Jake Tapper examines false and misleading claims made on the Sunday political talk shows by Larry Kudlow, the chief economic adviser to the president, about the Tax Cuts and Jobs Act.
Politicians often make the same claims over and over again, leaving us fact-checkers empathizing with Bill Murray’s character in that 1993 classic “Groundhog Day.” This week was no different.
President Donald Trump misleadingly inflated the benefits of the tax overhaul when he claimed it provides “$3.2 trillion … in tax cuts for American families.” It actually totals about $1.5 trillion in tax cuts for all taxpayers, including corporations.