Paul Ryan's Stunning Tax Cut Admission
Paul Ryan just admitting that 'nobody knows' whether the tax bill will pay for itself. Cenk Uygur and John Iadarola, the hosts of The Young Turks, break down ...
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THERE WAS A POINT WHERE WE THOUGHT WITH THE RISE OF THE INTERNET AND SOCIAL MEDIA, THAT THINGS ARE RECORDED AND STORED AND YOU CAN SEARCH FOR THEM, THAT YOU CAN CATCH SOMEONE IN A LIE, AND THESE VIDEOS WILL PROVE THAT IT DOESN'T MATTER IF YOU CATCH THEM IN ALLIED. HERE IS PAUL RYAN, WE'VE BEEN TALKING ABOUT HOW MUCH THIS WILL COST, THERE HAVE BEEN ESTIMATES, LET'S SEE IF PAUL RYAN RESPECTS THOSE ESTIMATES. >>IT'S ESTIMATED THIS TAX CUT WILL COST $1.46 TRILLION MORE TO THE DEFICIT, I KNOW THAT THE THEORY IS THAT IF YOU HAVE MORE TAX GROWTH YOU GET MORE REVENUES INTO THE COFFERS AND THAT REDUCES THE DEFICIT BUT LET ME PUT A FINE POINT ON IT, ARE YOU SAYING THAT THE GROWTH YOU ARE GOING TO GET FROM THIS TAX CUT WILL EQUAL THE AMOUNT IT WOULD COST ON THE DEFICIT SID...
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THERE WAS A POINT WHERE WE THOUGHT WITH THE RISE OF THE INTERNET AND SOCIAL MEDIA, THAT THINGS ARE RECORDED AND STORED AND YOU CAN SEARCH FOR THEM, THAT YOU CAN CATCH SOMEONE IN A LIE, AND THESE VIDEOS WILL PROVE THAT IT DOESN'T MATTER IF YOU CATCH THEM IN ALLIED. HERE IS PAUL RYAN, WE'VE BEEN TALKING ABOUT HOW MUCH THIS WILL COST, THERE HAVE BEEN ESTIMATES, LET'S SEE IF PAUL RYAN RESPECTS THOSE ESTIMATES. >>IT'S ESTIMATED THIS TAX CUT WILL COST $1.46 TRILLION MORE TO THE DEFICIT, I KNOW THAT THE THEORY IS THAT IF YOU HAVE MORE TAX GROWTH YOU GET MORE REVENUES INTO THE COFFERS AND THAT REDUCES THE DEFICIT BUT LET ME PUT A FINE POINT ON IT, ARE YOU SAYING THAT THE GROWTH YOU ARE GOING TO GET FROM THIS TAX CUT WILL EQUAL THE AMOUNT IT WOULD COST ON THE DEFICIT SID...
