VIDEO: Paul Ryan undercuts Republican argument about tax bill
After GOP leaders argued for months that the new tax bill would pay for itself, Paul Ryan said Wednesday that "nobody knows" if it actually will. And according to most major analyses, the bill would not pay for itself. As it stands now, the new bill is expected to add $1.5 trillion of new debt to the American economy. During a Today show appearance on Wednesday, Ryan was asked whether or not the tax bill will increase the deficit or if it will pay for itself. He replied, "Nobody knows the answer to that question, because that's in the future, but what we do know is that this will increase economic growth."