Ali Meyer of the Washington Free Beacon reports on the Trump administration’s tax reform priorities.
Treasury Secretary Steven Mnuchin touted the Trump administration’s goal of tax reform as being so simple and fair that it can fit on a postcard, at an event in Washington, D.C., on Monday. …
… [T]he secretary said tax reform will help the average middle-class person by bringing back good-paying jobs.
“We will pass tax reform, and this is about creating jobs, this is about creating wage growth, this is about a simpler and fairer tax system,” Mnuchin said. “We’re going to simplify personal taxes where 90 percent of Americans will be able to fill out their tax return on a large postcard.” …
… Marc Short, the White House director of legislative affairs, said that they are on the same page with the House and Senate before the bill goes to committees for markup. …
… Short said tax reform is something that has to be done this year, since over the last eight years Americans have endured an economy that was not growing. …
… “We want to make sure that middle-class families are getting the tax relief that they need,” he said. “But we want to make sure that the corporate rate is fair so that American jobs can stay here instead of fleeing overseas.”
Mnuchin said the current rate of 35 percent is one of the highest in the world and the goal of tax reform is to broaden the base so the rate can be brought down.
