Pence: Tax Plan Could Increase Deficit ‘Maybe in The Short Term’ - NBC 10 Philadelphia
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Pence: Tax Plan Could Increase Deficit ‘Maybe in The Short Term’

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    NEWSLETTERS

    Kyle Walters, a financial and tax strategist, discussed President Donald Trump's tax reform plan and what it means to taxpayers. (Published Thursday, April 27, 2017)

    Vice President Mike Pence on Sunday acknowledged that the Trump administration's tax proposal could increase the deficit, in the “short term,” NBC News reported.

    "Maybe in the short term," he said during an exclusive interview on NBC's "Meet The Press," while predicting that it would eventually be overcome by economic "growth."

    "The president has proposed one of the largest tax cuts in American history," Pence said.

    On Wednesday, the White House released a one page outline for changes they want to see in the tax code, including lowering individual tax rates to 10 percent, 25 percent and 35 percent, and also cutting the corporate tax rate to 15 percent.

    President Trump's Explosive News Conference in 7 Minutes

    [NATL]President Trump's Explosive News Conference in 7 Minutes

    At a press event that was supposed to focus on infrastructure, President Donald Trump answered questions about violence that erupted at a white nationalist rally in Charlottesville, Virginia, on Saturday. He again blamed both sides for violence and described counter-protesters as the "alt-left."

    (Published Tuesday, Aug. 15, 2017)