Ed Case: “Let's take a pretty straightforward example. Let's say that we wanted to reduce taxes. By the way, we can acknowledge…”

“Let's take a pretty straightforward example. Let's say that we wanted to reduce taxes. By the way, we can acknowledge there is a debate about whether reducing taxes does, in fact, generate revenue or not. But for these purposes and especially the recent large tax cut, we simply did not see a return on revenues from those tax cuts. But let's just stick with the fact that if we reduce taxes, then we have to either increase another tax and/or reduce government spending somewhere to be able to have a budget-neutral, a deficit-neutral outcome. Is that correct? Madam Speaker, I yield to the gentleman from Utah. Mr. McADAMS. That is right. Every activity, whether it is reducing revenues or increasing spending, should be neutral as it relates to the Federal deficit.”