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.
Google tightens political ads policy in effort to stop abuse
Google on Wednesday updated how it handles political ads as online platforms remain under pressure to avoid being used to spread misleading information intended to influence voters.
The internet company said its rules already ban any advertiser, including those with political messages, from lying in ads. But it is making its policy more clear and adding examples of how that prohibits content such as doctored or manipulated images or video.
"It's against our policies for any advertiser to make a false claim -- whether it's a claim about the price of a chair or a claim that you can vote by text message, that election day is postponed, or that a candidate has died," Google ads product management vice president Scott Spencer said in an online post.
Pope Francis begins Asia tour with visit to Buddhist temple
Pope Francis will visit one of Thailand's famed gilded temples Thursday to meet the supreme Buddhist patriarch, on the first full day of his Asian tour aimed at promoting religious harmony.
The 82-year-old pontiff is on his first visit to Buddhist majority Thailand, where he will spend four days before setting off to Japan.
His packed schedule a day after touching down in Bangkok includes a meeting with the king and the prime minister before leading an evening mass expected to draw tens of thousands of people from across Thailand, where just over 0.5 percent of the population is Catholic.
Hong Kong campus stalemate persists while US congress passes bill of support for democracy protesters
Hardline Hong Kong protesters held their ground on Thursday in a university besieged for days by police as the US passed a bill lauding the city's pro-democracy movement, setting up a likely clash between Washington and Beijing.
Beijing did not immediately respond to the passage in Washington of the Hong Kong Human Rights and Democracy Act, which voices strong support for the "democratic aspirations of the Hong Kong people."
But China had already threatened retaliation if the bill is signed into law by President Donald Trump, and state-run media warned Thursday the legislation would not prevent Beijing from intervening forcefully to stop the "mess" gripping the financial hub.