Treasury Secretary Steven Mnuchin announces a reduction of the Steve Mnuchin Unveils ' Massive ' Tax.
Trump is scheduled Wednesday to unveil the outlines of a tax overhaul that would provide massive tax cuts to businesses.
Video treasury secy unveils massive cuts small large businesses - going fastThe proposal has yet to be vetted for its precise impact on top earners, as several details are still being determined. This "plan" can't meet either test. Deutsch - warum nicht? Trump also came out in favor of doubling standard deduction Americans could claim on tax returns, while protecting home ownership and charitable giving tax deductions to a larger extent. Protests at Berkeley, Despite Provocateur's Canceled Speech.
Video treasury secy unveils massive cuts small large businesses travel
The proposal has yet to be vetted for its precise impact on top earners, as several details are still being determined. Analysts at Capital Economics are sceptical that the House and the Senate will approve this plan:. It's not even taking these constraints seriously. Business groups were already squaring off. Senate Democrats say his plan tilts its benefits to the wealthy, including Trump himself. The goal, White House officials said, was to cut taxes so much and so fast that it led to immediate economic growth, creating more jobs and producing trillions of dollars in new revenue and wealth over the next decade.