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Made before. congress knocked off more than a trillion dollars worth of forecasted tax revenue and boosted government spending at the same time. it stands in stark contrast to the promises from trump officials and from congressional republicans before the tax cuts passed. >> not only will this tax plan pay for itself, but it will pay down debt. >> i'm confident this is not only revenue neutral to the government, but actually is very likely to be a revenue producer. >> we're right there in the sweet spot with economic growth it gives us more revenue, we're where we need to be. >> the problem ma...

Between what the government takes in and what it spends. today senate majority leader mitch mcconnell tried to claim that this steep increase is due to the social safety net. >> it's very disturbing and it's driven by the three big entitlement programs that are very popular. medicare, social security and medicaid. >> but the data points elsewhere. one of the biggest contributing factors to this deficit spike, the gop tax cuts. according to treasury data, tax revenues from corporate returns dropped 31% in the fiscal year 2018, compared to the same period last year, which would be strange bec...

>> a covert affair. prosecutors say accused russian agent maria butina tried to cozy up to american officials in an attempt to infiltrate the u.s. political system with the help of a kremlin-linked mentor and her american boyfriend. >> this is the thing to bring this home for people and make them understand exactly what the russian government's trying to do. >> in the red. the white house predicts u.s. deficits will top $1 trillion starting next year. why? one reason. the tax cuts. not quite how those tax cuts were sold to us, was it? >> not only will this tax plan pay for itself but it will p...

Promise number one. >> the greatest benefit is going to be for jobs and more middle class. >> early and often we said most but not all middle class americans will see a tax cut. at least initially. but whatever gains they do see expires by 2026. while corporations receive a larger permanent tax cut. promise number two. >> the rich will not be gaining at all with this. it's not good for me. believe me. >> no. it will be great for him. the top 37%, a one year break of $287,000. plus doubling the limit on estate tax exclusions only benefits the very rich. add that to the new tax cuts for pass thr...

Whatever gains they do see expires by 2026, while corporations receive a larger, permanent tax cut. problem number two -- >> the rich will not be gaining at all with this. >> it's not good for me. believe me. >> no, it will be great for him. the top rate drops to 37%, rewarding top earners with an average one-year break of $287,000. plus doubling the limit on estate tax exclusions only benefits the very rich. add that to the new tax cuts for pass-through businesses with large real estate holdings. sound familiar? the rich and trump make out like bandits. promise number three -- >> not only wil...