errors you made. congressman, you mentioned early on that you want to go and tackle the entietlements. is that the plan? next year to go and do those entitlement reforms after this, and two, how do you respond to the pushback that it seems odd and unfair to give a massive tax cut that geared to corporations. and then to say we need to scale it back? i didn t say we needed to scale it back. you can form it a lot of ways. you can gradually raise the age. people are living longer. you can also raise the caps. subject more income to taxation. i think that s part of the solution going forward. we did that by the way, in 1983, the last time we put this thing on sound footing. you to make tough decisions and not demagogue it.
bigger paychecks, a more simple system. just doubling the standard deductions means 9 out of 10 people can fill out their taxes in a form like a postcard. so the results are going to be what sells this bill, not the confusion before it passes. on entitlement reform, i ve long said there are two things you have to do to get this debt under control. reform the entitlement programs which are an autopilot and grow the economy. we had three reconciliation packages prepared for this congress. the first one which the house passed on healthcare didn t pass the senate. the second one which we re in right now was about getting the economy growing doing tax reform. we re on the cusp of delivering that. the one next year is back to very important entitlement reforms. one of the reforms we see that s necessary get us out of this poverty trap where we trap
going to launch more investment and workers, convinced this will give bigger paychecks and doubling the standard deduction means nine out of ten i wish i had it with me can fill the taxes out on a form like the postcard. the results will be what sells this bill. not the confusion before it passes. on entitlement reform, i ve long said there are two things you got to do to get this debt under control. reform the entitlement programs, which are on autopilot, and grow the economy. we had three reconciliation packages prepared for this congress. the first, which the house passed op health care, didn t pass the senate. the second one, which we re in right now, was about getting the economy growing and doing tax reform. we re on the cusp of delivering that. the third one, the one next year, back to very important entitlement reforms and one of the important entitlement reforms we see that is necessary
took. that was soon after he signed into law the affordable care act. are republicans just a little too gleeful about passing this major legislation, looking ahead to the 2018 midterms? could they be facing what democrats faced in 2010 after they passed obamacare? irregardless of this bill, we re facing a steady and uphill climb. we saw that evidence in the 2017 elections in virginia and new jersey but in terms of what maria s talking about and how we want to go out and gut entitlements we need to do entitlement reforms because as a mill mental, i m not going to see social security if it s not fixed because it will go bankrupt. and it s actually a tax increase on most americans. the salt reduction being eliminated a $72 billion tax increase on new yorkers. average oregonian is going to see $500 tax increase.
afterwards, the democrats wanted to spend a lot. i said how are we going to pay for that. the debt at that time as a share of our national income was 37%. today it s 77%. if this thing goes through it will be 100% plus. it will be 150%. shall we just give everything to china. should we forget the future of america. let me take that point and jeremy jump in. in terms of the party overall. one of the reasons many believe that donald trump is president is because both parties have let americans down. does this bill continue to do the same? it does. i guess as a republican, i ve never seen or heard of a tax cut on the table that didn t require entitlement reforms. donald trump made a lot of promises on the campaign trail. he s broken a lot of promises on the campaign trail. if we wanted to have meaningful conversation on middle class tax cuts, we could probably get democrats involved even if we