FACT CHECK: The GOP Tax Reform Framework
This morning on CBS’ Face the Nation, Speaker Paul Ryan was asked about the GOP tax reform framework. When pressed on whether the framework will add trillions of dollars to the deficit, as the Tax Policy Center said it will, here's what he said:
JOHN DICKERSON: “Will this tax plan increase the debt?”
PAUL RYAN: “It's going to be deficit neutral. That's the budget rules we use, which is call the Byrd rule.”
JOHN DICKERSON: “Yeah.”
PAUL RYAN: “So this will have to be a deficit neutral tax bill.”
FACT CHECK: Nope. This framework is far from deficit neutral. The non-partisan Tax Policy Center’s analysis says, “TPC estimates that the proposal would reduce federal revenues by $2.4 trillion over the first ten years and $3.2 trillion over the subsequent decade.”PAUL RYAN: “It's going to be deficit neutral. That's the budget rules we use, which is call the Byrd rule.”
JOHN DICKERSON: “Yeah.”
PAUL RYAN: “So this will have to be a deficit neutral tax bill.”