Get the news

Share This Story!

Let friends in your social network know what you are reading about

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."

Posted!

A link has been posted to your Facebook feed.

Join the Conversation

To find out more about Facebook commenting please read the Conversation Guidelines and FAQs

Subscribe Today

Subscribed, but don't have a login?

Activate your digital access.

VIDEO: Paul Ryan undercuts Republican argument about tax bill

CLOSE

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." Wochit