Rand Paul Decries Spending In GOP Budget, Says He'd Vote Yet If It Was 'Just The Tax Cuts Alone'

Speaking to reporters on Thursday, Sen. Rand Paul (R-KY) spoke about the tax cuts in the Republican budget.

Transcript

00:00Many of your colleagues have said that these are okay because the tax cuts will

00:04pay for themselves with economic growth and they reject the CBO's projections as

00:07a result of that. Do you buy the argument that tax cuts pay for themselves?

00:11A lot of times yes. In fact that's not my big argument with this bill. If you had

00:15just the tax cuts alone I'd vote for them. Because seven years ago when I

00:19voted for them I do believe the tax cuts did pay for themselves. In the Reagan

00:23terms when they reduced rates I think they did pay for themselves too. The debt

00:26went up under the Reagan years because spending never came down and they

00:29exploded spending on both sides, non-military and military. It's still

00:33the problem here. The debt has gotten worse in the last seven years. Really if

00:37you look at the lines on the revenue, the revenue really is about equal for the

00:42seven years of that we've had this. That was with a dip during the pandemic of all

00:46revenues. So now I think the tax cuts actually do mostly pay for themselves.

00:50My objection is on the spending side of the ledger, not necessarily the tax side of the ledger.

00:55Senator, do you agree?