Steven Mnuchin stood by President Donald Trump’s declaration that the Republican plans now working their way through the House and Senate will deliver the biggest U.S. tax cuts ever. But the math says otherwise.
The Treasury secretary agreed with Trump’s comments that the plans deliver the “largest tax cuts in the history of this country,” citing proposals to slash the corporate tax rate. “There’s lots of different ways of looking at it. This will be the largest change since President Reagan,” Mnuchin said Sunday on CNN’s State of the Union.