FILE – In this Thursday, Sept. 21, 2017, file photo, Treasury Secretary Steven Mnuchin speaks at a press briefing at the Hilton Midtown hotel during the United Nations General Assembly, in New York. (AP Photo/Andres Kudacki, File)
November 19, 2017
OAN Newsroom
Treasury Secretary Steven Mnuchin lays out the importance of permanent tax cuts for businesses.
During an interview Sunday, Mnuchin says slashing the corporate tax rate is necessary to spur economic growth and make it sustainable.
He adds although individual tax cuts would expire in 2025 under the GOP tax plan, focusing on middle income tax relief now and giving relief to U.S. companies would benefit all Americans in the long-run.
“The corporate side is about jobs,” said Mnuchin. This is the Tax Cut and Jobs bill, this is about making American businesses competitive, so we can bring jobs back home, and trillions of dollars invested here in the U.S.”
Mnuchin went on to say he hopes congress will do its job when it comes to individual tax cuts in 2025, but believes the plan in its current form will help pave the way for future middle class tax relief.
