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

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.

    Trump, McConnell Discuss Legislative Priorities, GOP Unity

    [NATL] Trump Lays Out 'To-Do' List, Discusses Legislative Priorities With McConnell
    President Donald Trump and Senate Majority Leader Mitch McConnell stood together Monday as a show of solidarity during an impromptu question-and-answer session with reporters. 
    The two have publicly feuded in recent weeks, but now, as they're trying to advance the GOP agenda, they say they're closer than ever. 
    (Published Monday, Oct. 16, 2017)