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



    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.

    Trump Says 'Fixing the Inner Cities' Is a Priority

    [NATL] Trump: 'We're Spending a Lot of Money on the Inner Cities'

    President Donald J. Trump told reporters on Tuesday that "fixing the inner cities" is a priority for his administration. 

    (Published Wednesday, Aug. 16, 2017)