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Trump Revisits ‘Penny Plan’ After Campaign Floats $2 Trillion in Tax Cuts

The Republican confronts fresh questions about how he’d finance his agenda as president.
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Trump's Economic Vision: Regulation and Tax Reform

After giving new details about his tax-cut proposals, which an adviser said would cost about $2 trillion over a decade, Donald Trump on Tuesday revisited a budget-trimming measure called the “penny plan” in response to fresh questions about how he’d finance his agenda.

“Well, we’re cutting back, I mean whether it’s a penny plan—which is something that, as simple as it is, I’ve always sort of liked,” the Republican presidential nominee said on Fox Business, referring to an approach he praised as far back as March.