and they hit a bump along the road and they re going to fix this problem over night. a group of these deficit hawks decided that they wanted to make sure that this bill was not going to add to the deficit in the long-term, in the future. there is a problem though that they got a score from the congressional scorekeeper from the jct that says this bill would only do a third of the work that they thought it would to grow in the economy. they had a bunch of money they needed to make up and they were starting to feel a bit squirmish. they re going back the drawing board and trying to find ways to make it. we saw corker that surrounded
bill will cost $1.5 trillion but they say it will create enough growth in the economy to wipe that out. the jct score says not so fast. the jct says it would create about $500 billion worth of growth but that still creates a trillion dollar deficit from this tax bill. republicans may try to discredit the scorekeeper here as they do with the cbo, but that s a problem for these deficit hawks. these folks like bob corker who have said all along they don t want this bill to blow a hole in the deficit. i ran into bob corker in the hallways. as you know, he s usually somebody who is pretty chatty about what he s working on and these issues of the day, particularly on stuff he cares about like this. he was extremely tight lipped. he s negotiating on this. it s very much a part of the conversation that s being had up here on the hill. but this is going to be a sticking point. we may not get this done tonight. they may shut this conversation down at some point tonight and
gdp and remember, the congressional budget office the official scorekeeper says we re going to build the economy at about 1.8 to 1.9 percent for the course of the next 10 years, we think you can do better than that. that should not be the status quo. we should not sell for two percent growth in this economy. smart tax policy we think can unleash the economy, generate much higher economic growth, consistent with historical standards which have been three - 3 and a half percent range. even if we as a 2.2 or 2.3, we cover the cost of the bill. so our centers as they look at this will be saying, what does this do to growth in economy? is this a good test looking at what is generate faster growth and higher paying jobs in more government revenue? in the end we believe it will. one of the other things that congress has to do is find the government if it runs out of money on december 8. we avoid a shut down and before december if we pass a long-term spending bill for that gives the
gdp and remember, the congressional budget office the official scorekeeper says we re going to build the economy at about 1.8 to 1.9 percent for the course of the next 10 years, we think you can do better than that. that should not be the status quo. we should not sell for two percent growth in this economy. smart tax policy we think can unleash the economy, generate much higher economic growth, consistent with historical standards which have been three - 3 and a half percent range. even if we as a 2.2 or 2.3, we cover the cost of the bill. so our centers as they look at this will be saying, what does this do to growth in economy? is this a good test looking at what is generate faster growth and higher paying jobs in more government revenue? in the end we believe it will. one of the other things that congress has to do is find the government if it runs out of money on december 8. we avoid a shut down and before december if we pass a long-term spending bill for that gives the
congressional budget office the official scorekeeper says we re going to build the economy at about 1.8 to 1.9 percent for the course of the next 10 years, we think you can do better than that. that should not be the status quo. we should not sell for two percent growth in this economy. smart tax policy we think can unleash the economy, generate much higher economic growth, consistent with historical standards which have been three - 3 and a half percent range. even if we as a 2.2 or 2.3, we cover the cost of the bill. so our centers as they look at this will be saying, what does this do to growth in economy? is this a good test looking at what is generate faster growth and higher paying jobs in more government revenue? in the end we believe it will. one of the other things that congress has to do is find the government if it runs out of money on december 8. we avoid a shut down and before december if we pass a long-term spending bill for that gives the government to the end of the