Paul Ryan reacts to tax reform victory for GOP

House Speaker Paul Ryan talks to "GMA" about the upcoming vote in the House on the tax legislation and responds to criticism from Democrats.
5:08 | 12/20/17

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Transcript for Paul Ryan reacts to tax reform victory for GOP
George. Thanks, Paula Jo. We're joined by Paul Ryan. Congratulati congratulations. As you know a lot of the public skill skeptical. A new poll shows half of the public is opposed to it. What do you say to the doubters? I just think, first of all, thank you very much, George and great to be with you. I think because people have been hit on their TV screens by the media and Democrats everybody is getting a big tax increase. That's just not the case. The average median family of four in American will get a $2,059 tax cut and I think when people see that instead of getting tax increases they're getting a tax cut, when they see the withholding tables changing in February and seeing more money in their paychecks and the economic growth that will result from historic tax reform I think minds will change and I think people will change their view on this but have hit with so many different confusing messages there's no wonder there is confusion. Big question from a lot of viewers how will you pay for it? It will increase the deficit and according to the many congressional budget scorekear scorekeepers by more than a trillion dollars. If you're wrong are you willing to reverse the cuts. That's the last thing we would want to do. Two things necessary to get it under control spending control. Getting spending under control and reforming entitlements and growing the economy. This is our plan to grow the economy. And we are convinced this will grow the economy. All the scorecoopers say it will, it's just a question of degree. But we need to keep focused on the spending side of the ledger as well and important and we'll get back on that to make sure we get it under control but we have to have economic growth and got to get people back to work. If people are working in higher paying jobs, the economy benefits overall and so that's what this does so we're convinced this is one of the key ingredient, the other spending discipline. That has a lot concerned. The aarp has come out against it in part because they say it will increase the national deficit and means $25 billion in cuts to medicare next year alone. Those medicare cuts are going to be triggered -- Not going to happen. I can just cut you off. You and I know -- you used to work here so you know the budget rules. Kind of an arcane rule that will not occur and those cuts will not happen. You're committed to getting -- to reversing those cut. Yes, it's the pay go system a rule by the way we never favored in the first place and we will -- those cut alsoot happen. Are you ruing out any medicare cuts throughout 2018? Because as you just said you want to get spending under control. We'll fix the pay go problem which is an arcane budget rule but do we want to get entitlement reform? Of course, we do but the kinds is to help get people from welfare to work. Ruling out medicare cuts next year? Well, there's some provider issues we may be addressing as you know. Some providers in the medicare field are getting overpaid and want to make sure that's being dealt with. As far as beneficiaries we're not focused on that but from getting them from welfare to work and more flexibility in medicare and can bring more savings to the budget and get people from welfare to work and those things we will focus on. So far this year congress has failed to fund the children's health insurance program that provides coverage to 9 million kids. If it's not passed they'll be cutting off coverage to these children. Will you fund the children's health insurance program before heading home for Christmas. Yeah, we will. As the house, we passed on November the 3rd a full funding of -- and full extension of a C.H.I.P. Bill so we will like to send the follow-through and pass something and passed an interim measure. Since we passed the full funding pressure and do something once again before the end of the year to make sure they don't get hit with any C.H.I.P. Cuts so the house acted twice on this and we'll do it a third time if necessary. Lots of speculation you will step down as speaker at the end of the year and I know you said you'll be around for a long time. Are you considering running for your house seat and speaker. I'm not going anywhere any time soon. Questions way down the line I'll address those way down the line. In the meantime, we have a lot of work to do. I'm not going anywhere. If something changes I'll address it down the road. You haven't decided to run for re-election yet. It's not even 2018 yet so something my wife and I always laettner the compare year, something we haven't discussed yet. Something we'll discuss down the road when the appropriate time comes. Mr. Speaker, thank for your time, he has 11 days until 2018 but congress before they go home are facing a government shutdown and have to fund it by Friday or the government shuts down. I don't think I've ever seen him look so relieved and happy. A real smile on his face. Thank you, George, tore that. We turn now to that breaking

This transcript has been automatically generated and may not be 100% accurate.

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