Mitch McConnell: Tax Reform Will Be Revenue-Neutral

By NTK Staff | 08.21.2017 @1:35pm

"Permanent is a lot better than temporary and temporary is a lot better than nothing," Steven Mnuchin said about revenue-neutral tax reform.

Senate Majority Leader Mitch McConnell (R-KY) said that he believes tax reform will eventually end up being revenue-neutral, making it permanent during a town hall with Treasury Secretary Steven Mnuchin on Monday.

“I think that’s where we’re likely to end up,” McConnell said in response to a question about whether tax reform would be revenue-neutral.

Revenue-neutral tax reform “implies changes in the tax laws that result in no change in the amount of revenue coming into the government’s coffers.”

McConnell admitted that there is some internal debate among Republicans about having revenue-neutral tax reform, but the Majority Leader thinks that will be resolved.

“Permanent is a lot better than temporary, and temporary is a lot better than nothing,” Mnuchin interjected about permanent revenue-neutral tax reform.

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