Axing Taxes: Trump’s Money Man Vows Biggest Tax Cut in US History

by Fox News
April 26, 2017

Treasury Secretary Steve Mnuchin confirmed Wednesday that the Trump administration aims to lower business tax rates to 15 percent, saying a forthcoming proposal will constitute the “biggest tax cut” for Americans in history.

“This is going to be the biggest tax cut and the largest tax reform in the history of our country,” Mnuchin said, as administration officials prepare to outline Wednesday afternoon what he described as “principles” of their tax plan.

Mnuchin, speaking at a Washington forum, would not reveal many specifics but confirmed that they want to lower the business rate to 15 percent.

“I will confirm that the business tax is going to be 15 percent,” he said. “[Trump] thinks that’s absolutely critical to drive growth.”

4 Comments - what are your thoughts?

  • ONTIME says:

    Why not just widen the tax base and make it fair for everyone? Use a ballot driven consumption tax and kiss off the tax anxiety that the progressive income tax creates every year, get rid of the 16th amend, and the IRS who cannot be trusted in the hands of the government….there is no more need for this dinosaur system of tax punishment and little use for a corrupt collection agency……I want decent representation not a bunch of special interest squirrels looking after my welfare…..

  • bobnstuff says:

    Cut taxes and increases spending. Trump sure is a Republican. Was it Reagan that said that debt doesn’t matter. Here’s an idea, why not pay down the debt before you cut taxes. I don’t enjoy paying taxes anymore then the next guy but I understand that if you expect the government to do things you need tax dollars to do them. You can only cut spending so much. Trump isn’t talking about cutting, he wants to spend more and cut little from the smallest parts of government spending. Call me stupid but I do know how to add and subtract.

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  • Jean Langford M. says:

    More good news…!!!!!

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