Ryan: I'm a deficit hawk and 'a growth advocate'

Ryan: I'm a deficit hawk and 'a growth advocate'
© Camille Fine

Speaker Paul RyanPaul Davis RyanHenry Kissinger, Tim Cook among guests at White House state dinner Overnight Finance: Stocks fall hard | Trump sending delegation to China for trade talks | SEC fines Yahoo M over breach | Dodd-Frank rollback dominates banking conference To keep control of House, GOP must have McCarthy as next Speaker MORE (R-Wis.) is defending the recently released GOP tax-reform bill, saying in an interview on Sunday that he acted as both a deficit hawk and a pro-growth advocate in drafting the plan.

"Paul Ryan deficit hawk is also a growth advocate. Paul Ryan deficit hawk also knows that you have to have a faster growing economy, more jobs, bigger take-home pay, that means higher tax revenues," Ryan told Chris Wallace on "Fox News Sunday."

"But your mark is $1.5 trillion added to the deficit," Wallace replied.

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"The reason we did it that way is because, we believed that the Senate parliamentarian won’t let us use what we call dynamic scoring," Ryan said. 

"Let me just get you right there. You’re going to say this is a $1.5 trillion dollar tax cut — we are, we are convinced that this is going to give us faster economic growth. I’m not saying every tax cut pays for itself," he added. 

Ryan's comments come after House Republicans introduced their tax-reform plan, which is expected to pass through the lower chamber, despite some opposition from Republicans in New York and New Jersey. 

However, debt watchdogs are not happy with the proposal, which could add up to $1.5 trillion in debt over a decade.

Various key Senate Republicans, including Sens. Marco RubioMarco Antonio RubioLobbying world Former Florida congressmen mull bipartisan gubernatorial run: report Winners and losers from Jim Bridenstine’s confirmation as NASA administrator MORE (Fla.) and Mike LeeMichael (Mike) Shumway LeeMike Lee pens op-ed calling legislation to protect Mueller 'unconstitutional' Senate confirms Trump’s pick to lead NASA Key senators warn Trump of North Korea effort on Syria MORE (Utah) have already raised concerns about various proposals in the tax measure, setting the stage for a showdown in the upper chamber.