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.
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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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