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The Latest: Gingrich: No Candidate's Economic Plan Adds Up
Source: Associated Press
The Latest: Gingrich: No Candidate's Economic Plan Adds Up
By THE ASSOCIATED PRESS WASHINGTON — Aug 7, 2016, 11:37 AM ET
The Latest on the 2016 presidential campaign (all times EDT):
10:40 a.m.
Newt Gingrich says that "of course" Donald Trump's economic plan doesn't add up and adds that historically, no candidates' numbers do.
The former House speaker and presidential candidate was responding to a question on FOX News Sunday about whether Trump's plan to slash corporate and other taxes was economically sound.
Gingrich replied, "Of course not....No candidate's numbers add up."
Gingrich quickly suggested ways how Trump's plan might offset the loss of government revenue if he cuts corporate tax from 35% to 15%, as Trump plans. Gingrich said Trump could offset tax losses by overturning Obama administration regulations and from expanded energy exploration revenues.
Trump and Clinton are expected to outline their economic plans this week in Detroit.
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By THE ASSOCIATED PRESS WASHINGTON — Aug 7, 2016, 11:37 AM ET
The Latest on the 2016 presidential campaign (all times EDT):
10:40 a.m.
Newt Gingrich says that "of course" Donald Trump's economic plan doesn't add up and adds that historically, no candidates' numbers do.
The former House speaker and presidential candidate was responding to a question on FOX News Sunday about whether Trump's plan to slash corporate and other taxes was economically sound.
Gingrich replied, "Of course not....No candidate's numbers add up."
Gingrich quickly suggested ways how Trump's plan might offset the loss of government revenue if he cuts corporate tax from 35% to 15%, as Trump plans. Gingrich said Trump could offset tax losses by overturning Obama administration regulations and from expanded energy exploration revenues.
Trump and Clinton are expected to outline their economic plans this week in Detroit.
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Read more: http://abcnews.go.com/Politics/wireStory/latest-clinton-vows-stand-putin-41180290
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