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Treasury Secretary Steven Mnuchin admits the August deadline for Trump's massive tax cuts is 'not realistic at this point'

Business Insider Monday, 17 April 2017 ()
Treasury Secretary Steven Mnuchin admits the August deadline for Trump's massive tax cuts is 'not realistic at this point'Treasury Secretary Steven Mnuchin admitted in an interview with Financial Times that President Donald Trump's planned tax cuts and reform will not come by the congressional recess in August.

Mnuchin had previously said that he wanted to have a massive tax reform bill on Trump's desk by the August recess.

"It started as...
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News video: Mnuchin: 'Biggest Tax Cut' In History Coming Soon

Mnuchin: 'Biggest Tax Cut' In History Coming Soon 00:34

Treasury Secretary Steven Mnuchin on Wednesday called the forthcoming Trump administration tax reform plan "the biggest tax cut" in history. He further confirmed reports that the proposal will call for a cut in the corporate tax rate to take it down to 15 percent. Mnuchin delivered a broad outline of...

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