Meadows: Tax cuts don’t have to be fully offset

Rep. Mark Meadows (R-N.C.) on Sunday said he doesn’t think tax cuts have to be “fully offset” so as to be revenue-neutral.

“Does it have to be what they would say revenue-neutral, or do you have to have an offset, like with the border-adjustment tax — I think those are going to be the two questions,” Meadows said during an interview on ABC’s “This Week.”

“I think there’s been a lot of flexibility in terms of some of my contacts and conservatives in terms of not making it totally offset.”

{mosads}Meadows said that’s a move meant to “provide real relief and economic growth.”

“When we start to grow the economy at 4, 4.1 percent, it actually not only increases wages but it puts more money in Americans pockets each and every day,” he said.

“And so tax reform and lowering taxes will create and generate more income, and so we’re looking at those, where the fine balance is. But does it have to be fully offset? My personal response is no.”

President Trump has signaled he wants tax reform to be the new priority after his first legislative defeat last week on healthcare.