According to the Congressional Budget Office (CBO), President Donald Trump's "big, beautiful bill" would cut taxes by $3.7 trillion while raising deficits by $2.4 trillion over a decade.

The CBO makes projections based on information provided by Congress when considering legislation that includes spending and taxes. But is it always right?

Not according to Larry Kudlow . During his show on Thursday, Kudlow outlined how the Congressional Budget Office missed projections related to the 2017 Tax Cut and Jobs Act, Trump’s signature bill in his first term.

"The current cost of the 2017 tax cuts should be zero. Why should they be zero? Because they actually produced more revenues, $2.3 trillion more revenues than CBO estimated over the past seven years," Kudlow said.

He added, "So curren

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