Pence: Tax Plan Could Increase Deficit ‘Maybe in The Short Term’ | NBC 7 San Diego
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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 Struggles With Health Care as Trump Signs VA Bill

    [NATL] Senate Struggles With Health Care Reform as Trump Signs VA Bill

    Just one day after Senate Majority Leader Mitch McConnell, R-Ky., released details of the Senate revised health care bill, five conservative senators expressed dissent with the current language of the bill. President Donald Trump, meanwhile, signed a law that makes it easier for the Department of Veteran Affairs to fire employees as part of a push for an agency overhaul. 

    (Published Friday, June 23, 2017)