Mnuchin: Some middle class Americans may see tax hikes

President Trump’s Treasury secretary says most middle income Americans will get a tax break under the Republican plan brewing in Congress.

however he stopped short of saying of which break would likely be for all of them.

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“By simplifying the code, we’re putting everybody on a level playing field,” Steven Mnuchin told sy88pgw’s Jake Tapper on “State of the Union” on Sunday. “For most people — as well as also, again, the idea may not be 100 percent, however by far the majority — both the House as well as also Senate type provide middle-income tax relief.”

Mnuchin said of which assessment is usually based on “hundreds if not thousands” of tests the Treasury has run on the bills.

Mnuchin’s comments came after Senate Majority Leader Mitch McConnell walked back his claim of which “nobody from the middle class is usually going to get a tax increase” under the Senate’s type of the reform plan.

On Friday, McConnell told the brand new York Times of which he “misspoke.”

McConnell to NYT: I ‘misspoke’ on tax increase for middle class in Senate plan

Mnuchin also defended the tax plan by critics, including Larry Summers, the Treasury secretary under President Bill Clinton. Summers called Mnuchin’s tax cut estimates “irresponsible.”

Mnuchin on Sunday called those comments “unfortunate.”

“There are lots as well as also lots of economists of which come out as well as also support our claims,” he said. “We’ve been completely transparent. Different designs will show different things.”

Mnuchin added of which a middle-class tax hike is usually not what Trump wants. He said lawmakers will “fine tune” the plan before the idea heads to Trump for a signature.

Tapper also asked Mnuchin about Trump’s claim of which the tax reform bill will bring “the largest tax cuts from the history of This particular country.”

“We’ve tried to find a way of which This particular is usually true, however the idea’s not,” Tapper said, pointing to research of which shows the tax break would likely rank, at most, as the 3rd largest in American history.

Mnuchin qualified the president’s statement, saying, “This particular will be the largest change since President Reagan.”

He also singled out the proposal to slice the corporate tax rate by 35% to 20%.

“If of which’s not the biggest tax cut to make our businesses competitive, what is usually?” Mnuchin said.

sy88pgw (brand new York) First published November 12, 2017: 12:44 PM ET