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

[Yo_Mama_Been_Loggin]

WASHINGTON — Vice President Mike Pence on Sunday morning acknowledged that the Trump administration's tax proposal could increase the deficit, at least at first.

"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 truth is," he added, "if we don't get this economy [growing] at 3 percent or more as the president believes that we can, we are never going to meet the obligations that we've made today."

"The president has proposed one of the largest tax cuts in American history," Pence said.

https://www.msn.com/en-us/news/politics/pence-tax-plan-could-increase-deficit-maybe-in-the-short-term/ar-BBAyrnU?li=BBnb7Kz

One just need look at Kansas to see trickle down does not work so well.

[sharedvalues]

1. Pence is a moron. A hyperreligious mediocrity.

[Demsrule86]

2. The liars that lying liars tell...tax cuts stimulate off shore accounts...nothing else.

[dchill]

3. "The Short Term"

Does that mean until they're all out of office?

[Initech]

4. It's so obvious they don't know or give a shit what they're doing.

[unblock]

5. Exactly backwards

Cutting the corporate tax rate is supposed to bring all those overseas profits back to the u.s., bringing a one-time tax revenue bonanza.

After that, of course, revenue would fall off dramatically, as growth wouldn't come close to offsetting the radical rate cuts.

[democratisphere]

6. drumpf and Pense's "short term" is everyone else's eternity.

[Freethinker65]

7. Although currency prices fluctuate, 1 pence is usually equivalent to...

"Although currency prices fluctuate, 1 pence is usually equivalent to the monetary value of two U.S. cents. "

And that is about all an opinion from Pence on economics is worth, two U.S. cents. He is clueless.