Treasury Secretary Sees 'Significant' Tax Reform by the End of this Summer


Treasury Secretary Sees 'Significant' Tax Reform by the End of this Summer

Feb, 27th 2017

Treasury Secretary Steven Mnuchin said Thursday the Trump administration aims to pass “significant” tax reform, including tax cuts for middle-class Americans, by August but it will likely be late next year before the changes juice economic growth.

“The No. 1 issue is growth and the most important thing that will impact growth is a tax plan,” Mnuchin said on CNBC in his first televised interview since being confirmed. “We are committed to passing tax reform. It’s going to be very significant. It’s going to be focused on middle class tax cuts and making the business tax more competitive with the rest of the world.”

Most U.S. corporations pay a federal tax rate of 35%, highest among advanced economies. President Trump has proposed reducing the rate to 15%. Mnuchin said the...

Read More

Join Us. We are waiting for you!

Sign Up Today!

We welcome you to our community where you can gather and share information on debts and issues which may have your life unsettled. Together we thrive!

Logo mobile 4b2fda9e088d7249be95ede0cc3adea2de299a346ba55b450264e0c976b239c5

Join our community Today! IT'S FREE

Our Interactive Knowledge Base Has All The Infomation You Need To Settle Your Debt & Settle Your Life™


Join, Resolve & Share!