Mnuchin: Trump May Backdate Tax Cut to Jan. 1 to Boost Economy

Treasury Secretary Steven Mnuchin said the Trump administration is considering plans to backdate changes to the U.S. tax regime to the start of the year.

Backdating is something we’re considering “and it would be a big boon for the economy,” Mnuchin said at CNBC’s Delivering Alpha conference in New York.

Mnuchin said he doesn’t know if he can achieve the Trump administration’s goal to lower the corporate tax rate to 15 percent. “I don’t know if we will be able to achieve that, Mnuchin said. “What the exact number is, we’ll see. Reconciliation can be used if tax reform legislation can’t get the required 60 Senate votes, he said.

President Donald Trump plans an aggressive travel schedule, taking him to as many as 13 states over the next seven weeks, to sell the idea of a tax overhaul as the administration tries to avoid repeating the communications failures of its attempt



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!