STEVE MNUCHIN: I CAN’T GUARANTEE THAT TRUMP’S TAX CUTS WON’T RAISE TAXES ON MOST AMERICANS

Treasury Secretary Steve Mnuchin today told ABC News chief anchor George Stephanopoulos that he couldn’t say how Donald Trump‘s sweeping tax overhaul plan would affect the president personally, while also declining to guarantee that middle-class families wouldn’t pay more under the proposal.

“I can’t make any guarantees until this thing is done and it’s on the president’s desk. But I can tell you, that’s our number one objective in this,” Mnuchin said on “Good Morning America.”

The blueprint, which the White House unveiled Wednesday, calls for dramatically cutting federal taxes for businesses and simplifying rules for individuals. The plan would slash corporate taxes to 15 percent for large and small businesses, as well as consolidate categories for individual taxpayers, lowering the top bracket from nearly 40 percent to 35 percent.

But the Trump administration left key questions about the tax plan unanswered, such as how it would affect the middle classand the wealthy. Mnuchin avoided sharing further details of the plan in the interview with “GMA” this morning.

“The details of taxes are very complicated and we’re committed to working quickly and getting this done,” the treasury secretary said.

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