Speaker Ryan: Republicans Want to Put More Money in Millennials’ Pockets

By NTK Staff | 11.15.2017 @9:55am

"This is very, very good for millennials, simply because we want you to have more money in your pocket to start with," Ryan explained.

Speaker Paul Ryan explained, during a town hall on Fox News, how the Republican tax reform plan aims to put more money in the pockets of millennials.

An audience member had asked how the Republican tax reform plan would benefit someone who is graduating college and about to enter the workforce.

“When you’re getting out and you’re starting off, you’re starting off at a new age; you’re starting off at a starting wage. We’re lowering the tax rates on the taxpayer just like you,” Ryan explained. “So instead of having you taxed, let’s say, 25 percent, you go down to 15 and 12 percent tax bracket[s].”

Ryan then explained how the Republican tax plan would lower tax rates and double the standard deduction for Americans who are entering the workforce.

“But here’s the thing I think is better, and this is very, very good for millennials, simply because we want you to have more money in your pocket to start with,” Ryan continued. “But what we really want to accomplish, especially for our youth in America, is a healthier economy.”

Ryan continued by explaining how stagnant economic growth is the most significant problem millennials are facing.

“So the whole purpose of all of this is to get our economy growing faster. We get our economy growing faster, that means we get more jobs,” Ryan concluded. “We get more jobs, that means you have more opportunities coming out of college to get a better paycheck. We get faster economic growth, we get more jobs, we get higher wages.”

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