STEVEN MNUCHIN/TAXES/TREASURY: “President Trump’s Treasury secretary says most middle income Americans will get a tax break under the Republican plan brewing in Congress.
But he stopped short of saying that break would be for all of them.
‘By simplifying the code, we’re putting everybody on a level playing field,’ Steven Mnuchin told CNN’s Jake Tapper on ‘State of the Union’ on Sunday [11-12-17]. ‘For most people — and, again, it may not be 100 percent, but by far the majority — both the House and Senate version provide middle-income tax relief.’
Mnuchin said that assessment is based on ‘hundreds if not thousands’ of tests the Treasury has run on the bills.
Mnuchin’s comments came after Senate Majority Leader Mitch McConnell walked back his claim that “nobody in the middle class is going to get a tax increase” under the Senate’s version of the reform plan.”
-Jackie Wattles, “Mnuchin says most in middle class will get tax break,” CNN Money, CNN.com, Nov. 12, 2017 12:44pm