Why am I interested in deficits? The only way you balance the budget in this country long-term is through sustained economic growth. And that's what everything we are doing in this administration is aimed at that end goal.

The reason we've been growing at 1.8 percent for the last eight, ten years, which is way below the historical average, is in large part because of our tax code. It is important to us to get the biggest, broadest tax reduction, tax cuts, tax reform that we can possibly get because it's the only way we get back to 3 percent growth. That's what's driving all of this, how do you get the American economy back on that historical growth rate of 3 percent and out of these doldrums of 1.8, 1.9 that we had of the previous Barack Obama administration?

You can't look at the tax cut on a family until you realized how - how much better off they're going to be in a growing economy.

My dad told me something long before I was in politics, and when your dad gives you advice every single day, eventually one or two of the things stick in your mind. And he said, don't believe what people say, believe what they do.

We need to have the growth. If we simply look at this as being deficit-neutral, you're never going to get the type of tax reform and tax reductions that you need to get to sustain 3 percent economic growth. We really do believe that the tax code is what's holding back the American economy.

If we can get to that 3 percent grow, it is $2 trillion to $2.5 trillion worth of more government revenues. It's 12 million additional jobs. And those are 12 million jobs paying into Medicare, 12 million jobs paying into Social Security. Growth really is what's driving all of this and growth is what our focus is, which is why we're willing to accept increased short-term deficits in exchange for that long-term payoff.

I don't think the criticism is fair. I think the criticism is assuming that Donald Trump giving up on something. He's not. I think if you do end up seeing - if you do end up seeing - some type of agreement regarding DACA and this massive-but-not-wall border security, talking about technology and people, all the things that we need to stop drugs and illegals from coming across the border. If that does become the framework for an agreement that does not mean the president's giving up on his priorities.