Mnuchin Talks Tax Reform at G7 Meeting
Posted on May 13, 2017 in News
U.S. Treasury Secretary Steven Mnuchin discussed tax reform at the G7 meeting in Italy. Mnuchin told reporters that G7 finance ministers are open to, and understand, President Trump’s new trade policies, however the G7 ministers expressed concern that the trend towards less redistributive tax and transfer systems globally may lead to more inequality. Mnuchin responded to concerns that tax reform may widen the income gap by stating that the reductions in the highest tax rates will be offset by reductions in deductions and that the bulk of corporate taxes are passed on to workers.
Read more here: Mnuchin Weaves in Tax Reform, With Trade Talk at G7 Italy