Ways and Means Committee Chair Says Tariffs Revenue Unknown But Will Help Pass Tax Bill
House Ways and Means Committee Chairman Rep. Jason Smith, R-Mo., speaking March 5 at the American Enterprise Institute about the path to pass a tax cuts extension and spending cuts bill, said that tariff revenue will help to pay down government debt, even if it's not part of the legislative package.
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"We don't know what kind of revenue will come from whatever tariffs are implemented," he said.
Smith spoke repeatedly about how there are many House Republicans who care deeply about cutting government spending and dislike deficits.