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.
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.
President Donald Trump is saying that the U.S. balance of trade improved by a “tremendous” $52 billion in the second quarter of 2018. But the correct figure is much smaller — $22 billion — as two economists with expertise in trade statistics have confirmed for us.