WASHINGTON (AP) — House Speaker Paul Ryan is crediting the GOP’s tax plan with improving the U.S. economy, an argument that’s central to the Republican pitch to voters ahead of the midterm election.
In a speech Thursday to the Economic Club of Washington, D.C., Ryan says, “Tax reform is working. It is improving people’s lives.”
Voters though, aren’t so sure. Polls are showing mixed support for the corporate and household tax cuts President Donald Trump signed into law last year.
The plan is projected to add $1.5 trillion to the deficit, but Republicans say those costs will be covered by economic growth.
Most Read Business Stories
- Citing crime, COVID and costs, Seattle's Viet-Wah supermarket shutters
- What to know about electric cars in Washington state
- Pros and cons of turning off computers, and how to solve Wi-Fi issues
- With 2 MAX models at risk, Congress moves to give Boeing a break
- Despite quickly rising rents, many landlords say they’re struggling
Ryan is retiring rather than seeking re-election, but Republicans are counting on the tax plan as part of the election-year message to keep GOP control of the House in fall.