Mnuchin Won't Rule Out Delaying Tax Cut for Corporations

Says Trump’s ‘strong preference’ is for immediate tax cut
House move on carried interest is good step, Mnuchin says

U.S. Treasury Secretary Steven Mnuchin talks about the support for tax reform on Capitol Hill.(Source: Bloomberg)

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By Saleha Mohsin

November 8, 2017 at 5:11 PM UTC

Updated on

November 8, 2017 at 5:59 PM UTC

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Treasury Secretary Steven Mnuchin isn’t ruling out delaying the start of a corporate tax rate cut, but emphasized the administration’s “strong preference” is for the relief to start in 2018.

“The longer we wait, the worse it is for the economy and making companies competitive,” Mnuchin said in an interview Wednesday with Bloomberg TV in Washington. Mnuchin declined to say that a phase-in of corporate tax cuts was completely off the table.