Ryan Says Future Congresses Will Preserve Tax Bill’s Temporary Measures

House Speaker Paul Ryan said temporary provisions in the GOP tax bill won’t really go away in a few years -- he predicted that future Congresses will preserve them, and he didn’t mention the impact that would have on the federal deficit.

The House legislation calls for eliminating its $300 family tax credit starting in 2023, but the measure would be such a popular benefit that a future Congress would extend it, Ryan said Tuesday. That family credit, combined with an increased child tax credit, is estimated to cost $431 billion over a decade -- part of an overall bill that would increase the federal deficit by more than $1.4 trillion, according to the Joint Committee on Taxation.