On the recordMay 17, 2017
Any reduction we have in upper-income taxes will be offset by less deductions, so there will be no absolute tax cut for the upper class.
Said by
Steven Mnuchin
Source
congress.govAny reduction we have in upper-income taxes will be offset by less deductions, so there will be no absolute tax cut for the upper class.
Mnuchin states that upper-income tax reductions will not result in overall tax cuts for the wealthy.
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