Plan for U.S. tax increase on rich not being considered: Mnuchin

[DonViejo]

Source: Reuters




Sun Jul 9, 2017 | 9:59am EDT

The Trump administration is not considering a plan to raise taxes on the wealthiest Americans in order to pay for tax breaks for the middle class, U.S. Treasury Secretary Steve Mnuchin said on Sunday.

Speaking on ABC's "This Week," Mnuchin said the administration plans to release its tax plan in early September and is aiming for a vote on Congress on it by the end of this year.

The news website Axios reported that Trump's chief strategist Steve Bannon was advocating a proposal to raise the highest tax bracket to 40 percent or above in order to pay for tax cuts on middle-class Americans.

"I've never heard Steve mention that," Mnuchin said.

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Read more: http://www.reuters.com/article/us-usa-tax-mnuchin-idUSKBN19U0N8?il=0

[Moostache]

1. Heresy!!! We found a witch, may we burn her???

The day a GOP administration suggests a tax INCREASE on the top 1% is the day I will eat a Trump Tower taco bowl!

[BigmanPigman]

4. Followed by a well done steak with ketchup. Yummy!

[Yo_Mama_Been_Loggin]

2. Of course not

Why would they piss off their contributers.

[NCjack]

3. When the middle class crashes the next time, I suspect that the 1% will

pay the bill -- we go full socialism.

[Owl]

5. Mnuchin sucks.

[Bengus81]

6. tax breaks for the middle class--ROFLMAO!!

Another round of Dubya middle class tax cuts which amount to about $1.50-2.00 per week for most?? Remember the Dems do the press conference with the muffler and the Lexus? Deja Vu all over again.