Look, first of all, what we've done is continued existing tax policy forward. We did add some additional enhancement to bring more economic development back in from outside of the United States. But right now, This tax bill... will reduce, just with our savings, $1.6 trillion in expenditures over the next 10 years. But in addition to that, the economic value, the amount of actual economic activity that's going to go on with the president's agenda should raise literally, well, real close to about $4 trillion in additional revenue over the next 10 years. (03:45–03:55)
CLAIM
Asserts that the tax bill will save $1.6 trillion in expenditures over a decade.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
