Mnuchin: GOP About to Pass ‘Historic’ Tax Reform Mnuchin: GOP About to Pass ‘Historic’ Tax Reform – NTK Network

Mnuchin: GOP About to Pass ‘Historic’ Tax Reform

The Treasury secretary told Jake Tapper that the GOP plan would help middle class families.

By NTK Staff | 12.17.2017 @10:35am

Treasury Secretary Steve Mnuchin said in an appearance on CNN on Sunday that the GOP tax plan would be “historic.”

“This is really historic,” he told Jake Tapper. “This is the biggest single change to the tax system, and fixing a broken tax code, that we’ve ever had.”

Mnuchin calculated that middle class families that make $75,000 would get about $2,000 in tax cuts, while a family making $150,000 would get a $4,000 tax cut.

The treasury secretary also predicted that lowering business taxes would lead to higher wages for the middle class.

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