Mark Sanford

'Deficit' no longer a dirty word for the GOP: Trump's tax plan adds more than $2 trillion in red ink

'Deficit' no longer a dirty word for the GOP: Trump's tax plan adds more than $2 trillion in red ink

Not long ago, Paul D. Ryan stood before charts and graphs as the House Budget Committee chairman like a new Ross Perot, promoting an austerity plan that slashed taxes and spending, and warning of the dangers of deficits.

“The facts are very, very clear: The United States is heading toward a debt crisis,” he said then. “We face a crushing burden of debt which will take down our economy — which will lower our living standards.”

Now as House speaker, the Wisconsin Republican is undergoing a role reversal, championing President Trump’s tax plan, which promises massive tax cuts for corporations and to some extent individuals — and which experts say will add some $2 trillion to...

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