Mnuchin Dismisses Idea of 40 Percent Top Tax Rate for the Rich
- Treasury chief says tax plan to be made public in September
- Says White House is ‘sensitive’ to high-tax state worries
Adam Posen on What Tax Reform Should Be
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The White House is “absolutely committed” to getting its tax overhaul proposal through Congress by the end of the year -- and that plan won’t include a 40 percent tax rate for the richest Americans, Treasury Secretary Steven Mnuchin said.
“Our plan is to have a full-blown release of the plan in the beginning of September, with being able to vote and getting this passed before the end of the year,” Mnuchin said on ABC’s “This Week” on Sunday.