Pence: Tax Plan Could Increase Deficit ‘Maybe in The Short Term’ - NBC New York
National & International News
The day’s top national and international news

Pence: Tax Plan Could Increase Deficit ‘Maybe in The Short Term’

    processing...

    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.

    White House Defends Trump's Reaction to Franken Allegations

    [NATL] White House Defends Trump's Reaction to Franken Allegations

    White House press secretary Sarah Huckabee Sanders says President Donald Trump has responded to sexual misconduct allegations against both Alabama Senatorial Candidate Roy Moore and Minnesota Senator Al Franken.

    (Published Friday, Nov. 17, 2017)