Mnuchin: Admin Will Not Raise Taxes On Wealthiest Americans

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Robert Donachie Capitol Hill and Health Care Reporter
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Treasury Secretary Steve Mnuchin said Sunday morning that President Donald Trump’s administration would not raise taxes on the wealthiest Americans in order to pay for tax cuts for the middle-class.

Speaking on ABC’s “This Week,” Mnuchin said that the Trump administration has its eyes set on releasing a tax bill to the public in September, with the goal of passing the tax reform package in 2017, Reuters reports.

Mnuchin’s comments Sunday are a bit of a diversion from his previous statements regarding the timeline for passing tax reform, although he has previously promised to get a tax overhaul package passed in 2017.

The secretary said in late-March that he’d “like to think” tax reform would get done before Congress went home for the August recess.

“This is optimistic, this is a big challenge. We are going to try to get it done,” Mnuchin said. He did say that the administration would “absolutely” get tax reform passed by Fall 2017. (RELATED: Mnuchin: We Are Ready ‘Now’ To Pass Major Tax Reform)

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