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.

    Steve Bannon Out as White House Chief Strategist

    [NATL] Steve Bannon Out as White House Chief Strategist

    Steve Bannon has departed the White House, where he was President Donald Trump’s chief strategist. His tenure lasted seven months. White House chief of staff John Kelly and Bannon mutually agreed that Friday would be Bannon’s last day, according to a statement from the press secretary that said they were “grateful for his service.”

    (Published Friday, Aug. 18, 2017)