In a CNN interview on April 26, economic analyst Rana Foroohar said, “There’s no real evidence in the last 20 years that” growth from tax cuts has made up lost revenue.
Our ruling
Foroohar said, “There’s no real evidence in the last 20 years that” growth from tax cuts has made up lost revenue.
We searched high and low and found no economic experts who could point us to evidence of tax cuts fully paying for themselves. Neither the modern historical record (using fair benchmarks) nor government analyses we looked at supported the claim that tax cuts create enough growth to eventually offset lost revenue. On the contrary, there’s evidence that tax cuts may actually hinder economic growth.
We rate Foroohar’s statement True.
To read the full fact check, go to politifact.com.