House Speaker Paul Ryan (R-WI) said over the weekend that Republicans would “stick the landing” on a major tax reform bill after failing to repeal and replace President Barack Obama’s health care reform law.
“It is more important to us than anything that we get tax reform done,” Ryan told Fox Business host Maria Bartiromo. “Because we think it is absolutely critical for strong economic growth.”
According to Ryan, Republicans are trying to fund President Donald Trump’s border wall while lowering tax rates, which is expected to be a windfall for wealthy Americans.
“Getting consensus from the White House, the House and the Senate makes it much more of a viable enterprise,” the Speaker opined. “I feel much more confident that we’re going to stick the landing on tax reform because we have now said, ‘We have consensus, here’s the framework, let’s go get it done.'”
“Good news,” the Fox host replied.
Ryan explained that GOP lawmakers would use “dynamic scoring” to offset the cost of tax cuts with uncertain revenue from anticipated future growth.
“What that means is that we can have a big tax cut, but also make sure we are in compliance with our deficit targets,” he opined, noting that additional revenue could come from cutting programs like welfare.
“I don’t think we can get to 3 percent growth without tax reform,” the Wisconsin Republican insisted. “I really believe the secret to getting to 3 percent growth — clearly a goal we can achieve in this country — regulatory relief, working on labor supply, welfare to work. But tax reform, you can’t get to 3 percent growth in my opinion without tax reform. That’s why this is so important. That’s why we all agree.”
Watch the video below from Fox News.
Here are 3 winners and 3 losers from the 2020 Democratic presidential primary debate
Former New York Mayor Michael Bloomberg joined the other leading Democratic presidential primary candidates Wednesday night in the fieriest evening of the race so far.
His presence on the stage drew fire from the other candidates, but it also seemed to change the overall tone of the debate, with more attacks, counter-attacks, and passion than was generally seen earlier in the campaign.
Here’s a (necessarily subjective!) list of the winners and losers from the fray:
Sen. Elizabeth Warren (D-MA) — Warren hit her stride right as the debate started by attacking Bloomberg for his record on the mistreatment of women, racist policies, and his tax returns. She repeatedly came back to skewer the former mayor, making herself the biggest and most notable presence in the debate. But importantly, she also continuously brought the discussion back to the issues she cares about — like expanding health care, environmental justice, and consumer protection — while getting in digs at the other candidates on the stage.
Michael Bloomberg ‘lost everything’ in Las Vegas: MSNBC analyst
Senior editor for "The Root," Jason Johnson, concluded that the biggest loser of the Democratic debate in Las Vegas Wednesday was Michael Bloomberg, but not merely because of his debate performance.
"The big new name was going to be Michael Bloomberg," he said. "This was probably the most expensive night in Vegas I've ever seen. He lost everything. This guy has spent $320 million. He had the opportunity to stand on stage, and appear to be an equal, and he looked bored. He looked disenchanted. He stumbled over obvious questions that anybody would have anticipated about sexual harassment and stop and frisk. I thought it was a bad night for him."
Pro-immigration protesters interrupt Joe Biden’s closing statement at debate
Former Vice President Joe Biden's closing statement was interrupted by protesters at Thursday night's Democratic presidential debate.
As Biden began his remarks, demonstrators began shouting about the Obama administration's record on deportations.
— NBC News (@NBCNews) February 20, 2020