Trump Economic Adviser, Larry Kudlow Tells Giant Lie On Fox Business News, Gets Away With It
I know that pointing out Trump Administration lies is a fool's errand, but this one was so egregious that it deserves mention.
Washington Post: President Trump's top economic adviser said Friday that the federal deficit is "coming down rapidly," contradicting estimates by nonpartisan analysts, Congress's official scorekeeper, and a branch of the White House.
Larry Kudlow, director of the White House's National Economic Council, said on Fox Business News that stronger economic growth was creating enough new tax revenue to bring down the deficit."The deficit -- which was one of the other criticisms [of the GOP tax law] -- is coming down, and it's coming down rapidly," Kudlow said. "It's throwing up enormous amounts of new tax revenue."
In fact, largely because of last years corporate tax cuts, the deficit grew from Janaury through April to $161 billion, up from $135 billion during the same months last year. And, as the Post notes, "it will deteriorate further from here, since the Treasury collects a large amount of tax revenue during April when taxes are due for most Americans."