Steve Mnuchin: No Upper Class Tax Cut

Posted by admin on Thursday, June 1, 2017

Steve Mnuchin Money Quote saying as Treasury Secretary nominee in January of 2017, that the rich would not receive a tax cut, which was then called the ‘Mnuchin Rule‘ on taxes. Steve Mnuchin said:

Any reductions we have in upper-income taxes will be offset by less deductions, so there will be no absolute tax cut for the upper class. There will be a big tax cut for the middle class, but any tax cuts we have for the upper class will be offset by less deductions that pay for it.
— Steve Mnuchin

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