Gingrich: No candidate's economic plan adds up

2016-08-07 19:02


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Washington - Newt Gingrich says that "of course" GOP presidential candidate Donald Trump's economic plan doesn't add up, adding that historically, no candidate's numbers do.

The ex-House speaker and presidential candidate was responding to a question on FOX News on 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.

Meanwhile, some Republicans are giving their presidential candidate positive reinforcement for reversing himself and endorsing House Speaker Paul Ryan, Senator John McCain and Senator Kelly Ayotte.

Gingrich said Trump "should have done that in the first place", but has "gotten the messages" from other Republicans to unify the divided GOP. He suggested that Trump was climbing a learning curve in his transition from business world titan to presidential candidate.

Former New York City Mayor Rudy Giuliani says Trump's endorsements, coming after his refusal to endorse the trio, show that Trump "has the ability and the understanding to realise that there are going to be disagreements and you've got to be able to reach out to the entire party".

Read more on:    donald trump  |  us  |  us 2016 elections

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