tag:blogger.com,1999:blog-2761684730989137546.post9121764952752655535..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Slate — Trump and the GOP Have Massively Unpopular Tax Policiesmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-25586398976630028732016-11-30T15:52:56.471-05:002016-11-30T15:52:56.471-05:00Curiously enough, Trump's Treasury pick seems ...Curiously enough, Trump's Treasury pick seems to get this. Contra the wisdom of philosopher king Paul Ryan, Mnuchin seems to get that you can't make the tax code more efficient if the public thinks its just an excuse to give tax cuts to the rich.<br /><br /><i>High-income households won’t receive an “absolute tax cut” under a Trump tax plan, the president-elect’s new pick for Treasury secretary said Wednesday, a promise at odds with tax proposals from Donald Trump and House Republicans.<br /><br />“Any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class,” Steven Mnuchin said on CNBC. “There will be a big tax cut for the middle class, but any tax cuts we have for the upper class will be offset by less deductions that pay for it.”</i><br />http://www.wsj.com/articles/donald-trumps-treasury-choice-says-reforming-tax-code-is-priority-1480518752beowulfhttps://www.blogger.com/profile/14987548132065830204noreply@blogger.com