Steven Mnuchin: “Any reduction we have in upper-income taxes will be offset by less…”

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

Mnuchin states that upper-income tax reductions will not result in overall tax cuts for the wealthy.

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I very much agree with you and those other experts that more fiscal response is needed.

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Affordable housing is something we are concerned about and making sure that there is greater access to affordable housing.

Steven Mnuchin: “Any reduction we have in upper-income taxes will be offset by less deductions, so there will be no absolute tax cut for…”