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Will Government Debt Increase As Tax Bill Is Rushed Into Law Drawing Suspicion?

Mitch McConnell Say

“I not only don’t think it will increase the deficit, I think it will be beyond revenue neutral,” he told reporters. “In other words, I think it will produce more than enough to fill that gap,” McConnell said.

“I’m not one of the total supplier siders who just believes that if you cut taxes, no matter what amount, you turn out ahead,” McConnell said. “I still believe in revenue neutrality for tax reform, and I believe this is a revenue neutral tax reform bill.”

John Yarmuth said “there is nothing remotely responsible about forcing through a … hastily conceived bill to give tax cuts to the already wealthy and multi-national corporations.”

“I haven’t run into anybody during this whole tax discussion who’s very successful who thinks they’re benefiting from it,” McConnell said.

“Look, a year or two from now, you guys can make an assessment which one of us was right,” he said to reporters. “The proof will be in whether or not the economy picks up and things get better.”

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