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Larry Kudlow’s Revenue Deception

On the day the Trump administration released its fiscal 2020 budget, White House economic adviser Larry Kudlow misleadingly claimed that “overall revenues are up about 10 percent.” In fact, federal revenues are down since the Republican tax cuts became law.

Video: Tax Cut Claims

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. 

CBO Didn’t Say Tax Cuts Were ‘Virtually Paid For’

The chief economic adviser to President Donald Trump recently said Congressional Budget Office numbers show the “entire $1.5 trillion tax cut is virtually paid for by higher revenues and better nominal GDP.” That’s not what the numbers show, experts told us.