September 13, 2017 / 3:41 PM / 9 months ago

House Speaker Ryan leaves door open on taxes, deficit

WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan on Wednesday left the door open on whether Republicans’ tax overhaul would increase the nation’s deficit or follow Republicans’ long-standing principle that the cost of any legislation be offset by government spending cuts.

Speaker of the House Paul Ryan (R-WI) arrives at a news conference after a closed conference meeting on Capitol Hill in Washington, U.S., September 13, 2017. REUTERS/Yuri Gripas

Asked if their tax plan would be revenue neutral, Ryan told the Associated Press in an interview: “We want pro-growth tax reform that will get the economy growing, that will get people back to work, that will give middle-class taxpayers a tax cut, and that will put American businesses on a better competitive playing field... That is more important than anything else.”

Reporting by Susan Heavey and Makini Brice; Editing by Chizu Nomiyama

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