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.

    Senate Health Bill Revised Again in Face of Opposition

    [NATL] Senate Health Bill Revised Again in Face of Opposition

    Facing a self-imposed deadline to vote on a health care legislation before the July 4th recess, Senate Republicans find themselves scraping for enough votes to pass their version of the bill. Republican leaders on Monday revised portions of the bill aimed at deterring people from dropping health insurance.

    (Published Monday, June 26, 2017)