The tax bill lauded by President Donald Trump and congressional Republicans shrunk government revenues by $1.9 trillion, with the promise that the economy would grow enough in the years to come to pay for the cut. On Tuesday, Rep. Kevin Brady (R-TX), the architect of the tax bill, admitted that this isn’t necessarily true. When [
"We will know in year eight, nine or ten what revenues it brought in to the government over time," Congressman Kevin Brady said.
When Republican lawmakers passed $1.5 trillion tax cuts in 2017, they promised they would pay for themselves.
But a year and a half later, a key GOP congressman who helped craft the sweeping legislation has walked back that claim.
The remarks were a departure from a central assertion Republican lawmakers have made since the early days of the legislation: that the tax cuts would lift the economy enough that revenue from growth would make up for the loss in tax receipts.