Overview

• Glenn Kessler flagged nine factual mistakes in a one-minute clip where Scott challenged the CBO’s credibility.
• Scott alleged the CBO was wrong on the 2017 Tax Cuts and Jobs Act, despite its projection of roughly $1.5 trillion in additional deficits over ten years.
• The senator criticized the CBO for purported errors on Mellon, Kennedy and Reagan tax cuts even though it did not exist for the first two and underestimated the latter’s costs.
• Scott contended that the CBO overlooked 3 percent annual revenue growth after the 2017 cuts, but the agency had forecast that precise uptick between 2018 and 2020.
• He cited the Laffer Curve to claim tax cuts always raise revenue, a use at odds with economist Art Laffer’s own caveat that the curve does not promise revenue gains.