Mnuchin Says Tax Plan Objective Is Still for Middle-Income Cut

by Dramelin 8:30 AM 0 comments

The White House intends to make its plan for a major tax overhaul public by September and is “absolutely committed” to getting the changes through Congress by the end of the year, Treasury Secretary Steven Mnuchin said.
The objective of the proposal is still a middle-income tax cut, Mnuchin said on ABC’s “This Week” on Sunday.
He added that the administration wants to be “sensitive” to the concerns of high-tax states including New York, New Jersey and Illinois.
Mnuchin spoke after returning from the Group of 20 meeting in Hamburg.
He dodged a question about whether President Donald Trump had accepted President Vladimir Putin’s denial of Russian interference in the 2016 U.
“Why would President Trump broadcast exactly what he said in the meeting?” Mnuchin said, adding that Trump is focused on “strategically negotiating” with Putin.