“CEOs aren’t waiting on a tax cut to ‘jump-start the economy’-a favorite phrase of politicians who have never run a company-or to hand out raises,” Bloomberg said. “It’s pure fantasy to think that the tax bill will lead to significantly higher wages and growth.”

“I’ll ask you plainly, are you living in a fantasy world?” Guthrie asked Ryan.

Ryan pushed back, citing a survey from the National Association of Business Manufacturers.

“Surveys would show the vast majority of businesses are going to do just what we say, reinvest in their workers, reinvest in their factories, pay people more money, higher wages,” he said.