'We will know in year eight, nine or ten what revenues it brought in to the government over time,' Congressman Kevin Brady said.
The former Republican chairman of the House Ways and Means Committee, the chief tax-writing committee of the lower chamber, said on Tuesday that the 2018 tax cuts passed under his tenure might not see returns until a decade out, if then.
The Joint Committee on Taxation, a non-partisan fiscal analysis group commissioned by Congress, found that the bill would add $1.5 trillion to the federal deficit over a 10-year period. But Brady appeared to take a slightly different tack at the summit than his party with respect to representing the economic rewards of corporate and individual tax cuts. He suggested that it was important to consider factors beyond whether"the tax cuts pay for themselves."
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