"We don't really know what the Trump team will propose," said Gary
Hufbauer, senior fellow at the Peterson Institute for International
Economics. "It'll be someplace between Trump's campaign statements and
the Ryan-Brady plan."
Treasury Secretary and former Goldman Sachs
executive Steven Mnuchin said on CNBC Thursday the administration was
working on "very significant" tax plans it hoped to have ready by
Congress's August recess.
He said middle-income tax cuts would be a focus,
along with lower taxes and fewer regulations on businesses, but
provided little in the way of new details or more clarification about
what that would look like for the average American taxpayer.
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