Mnuchin Discusses Tax Reform

Treasury Secretary Steven Mnuchin, during an interview on the Fox News Channel’s “Special Report,” indicated that tax reform would be revenue neutral under the Administration’s growth assumptions.  In discussing specifics of the yet-to-be released tax reform plan, he stated that the estate tax would be eliminated, that there would be a one-time deemed repatriation tax for transition to a territorial system but would not be tied to infrastructure, and that investment incentives for businesses would be included in the package.  Secretary Mnuchin expressed his commitment to present a tax reform bill to President Trump by the end of the year and predicted that details for the tax reform plan would be released “very soon.”

Mnuchin: Determined to get tax reform done this year

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