Sunday, November 12, 2017

Treasury Secretary Mnuchin says most in middle class will get a break under Republican tax reform proposal . . .

. . . but stops short of promising it to all


Treasury Secretary Steve Mnuchin has said that 'by far the majority' of middle class taxpayers will see a break under proposed reforms, but stopped short of saying all would

UK Daily Mail  . . . "Mnuchin pointed out Sunday that the complexity of the tax code makes predicting every scenario impossible, adding that Republicans in the House and Senate want to simplify the code with proposed legislation. 

 " '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 on CNN.

" 'What's so complicated in our tax situation today is that everybody has a different situation, takes advantage of different parts of the code, it's very complicated. So by simplifying the code, we're putting everybody on a level playing field,' he said." . . . Read more 

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