The U.S. Republican tax cut plan that President Donald Trump wants passed by year’s end is unlikely to trigger a big deficit expansion because it will spur more investment and job growth, U.S. House of Representatives Speaker Paul Ryan told Reuters in an interview on Wednesday.
“We believe that we’ll get faster economic growth,” Ryan said. “We don’t anticipate a big deficit effect from this tax reform because we will broaden the base and lower the rates, plug loopholes and get faster economic growth. … Those things combined, we believe, will give us faster growth and a more resilient tax code.”
(Reporting by David Morgan and Doina Chiacu; Writing by Susan Heavey; Editing by Kevin Drawbaugh and Will Dunham)
‘We need a reality check here’: CNN’s Bash cuts off Kudlow’s rambling spin on Trump’s unemployment plans
An alternately amused and baffled Dana Bash was forced to cut off Donald Trump economic adviser Larry Kudlow on CNN Sunday morning as he attempted to spin the president's plans to help out the unemployed with income supplements, changing his numbers from $400 to $800 to $1,200 all within three to four sentences.
Pressed about the president's executive order calling for a $400 supplement -- with $100 coming from the states at Trump's demand -- the State of the Union fill-in host tried to cut through Kudlow's veering from dollar amount to dollar amount to get a clearer understanding of what the president is proposing.
Nancy Pelosi owns Chris Wallace: ‘Clearly you don’t have an understanding of what is happening here’
House Speaker Nancy Pelosi (D-CA) faced off against Fox News host Chris Wallace on Sunday over the failure to negotiate a COVID-19 financial relief bill.
In an interview on Fox News Sunday, Wallace suggested that there is an upside to executive actions taken by President Donald Trump in lieu of a financial relief bill because some people will get protections from evictions "rather than getting nothing at all."
For her part, Pelosi quoted a Republican senator who said that the president's executive action is "constitutional slop."
"While he says he's going to have a moratorium on evictions, he's going to ask the folks in charge to study if that's feasible," Pelosi explained before noting that the president's payroll tax holiday serves to "undermine Social Security and Medicare."
‘An utter disgrace’: Steve Schmidt slams Trump for his ‘slurring’ self-pitying Bedminster performance
Republican campaign consultant -- and ardent never-Trumper -- Steve Schmidt did not think much of Donald Trump's second press conference at his Bedminster golf course on Saturday, stating the president's "slurring" performance loaded down with self-pity was an "utter f*cking disgrace."
Following the president's signing of four executive orders before adoring members of his country club, Schmidt went off on a tweetstorm, ending with calling the president "the greatest failure in American History."