Statement·other·said 2025-01-05
“Every 1 percent increase in GDP generates about $3 trillion in additional tax revenue.”
Where they said it
Verdict
Mixed
2023-02-15Reasoning
CBO's long-run dynamic analyses indicate that a sustained one-percentage-point boost in real GDP growth raises cumulative federal revenue by roughly $3 trillion over a 10-year window, so the order of magnitude is defensible — but only as a 10-year cumulative figure, not annual. The statement omits the time horizon, making it misleading without context.
Proof of outcomewhat backs the verdict
Evidence chain
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