WASHINGTON, D.C. – House Ways and Means Committee Chairman Kevin Brady (R-TX) today released the following statement in response to the Tax Foundation’s analysis of the House Republican “A Better Way for Tax Reform” Blueprint:
“The Tax Foundation’s analysis proves that our Blueprint will deliver a tax code built for growth and will improve the lives of all Americans. The Foundation specifically confirmed that our Blueprint will grow the U.S. economy by 9.1%, create 1.7 million new jobs, and significantly raise Americans’ wages. And it also found that Americans of every income group will pay less in taxes and be able to keep more of their hard-earned dollars.
“The Foundation also confirmed today that our final legislation will ultimately be revenue neutral. As the Blueprint indicates, we believe the proper measure of revenue neutrality uses a current policy baseline that reflects the extension of existing temporary tax provisions. With an adjustment to the current policy baseline referenced in the Blueprint, the Tax Foundation’s analysis will yield a positive revenue result on a dynamic basis.
“As we’ve said before, the Blueprint is the beginning of our conversation. As we turn this into actual legislative text, we will ensure the final product is revenue neutral within dynamic scoring. I appreciate the Tax Foundation’s analysis and look forward to working with them in the months ahead.”