President Trump: Economic growth is going to pay for new tax cuts

ABC News spoke with the president Thursday on the White House's South Lawn.

"The growth is going to pay for it," Trump told ABC News in the White House's Rose Garden during Take Our Daughters and Sons to Work Day, as he signed autographs for children of members of the media and administration officials. "Wait until you see the growth."

"It will happen quickly, and ... the jobs have already started," Trump said, adding that "a lot of positive things" are going to happen on tax reform. "You saw last year, GDP at 1.6 percent. That is a terrible situation for this country but last year is not this year."

Treasury Secretary Steve Mnuchin made similar comments yesterday at the White House. "This will pay for itself with growth and with reduction of different deductions and closing loopholes," he said.

ABC News' Lauren Pearle and Zunaira Zaki contributed to this report.

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