Steven Mnuchin awkwardly hints that Trump made up that middle-class tax cut

Steven Mnuchin.
(Image credit: Shawn Thew - Pool/Getty Images)

No one could find evidence of the middle-class tax cut plan President Trump kept promising before November's midterms. Now, Treasury Secretary Steven Mnuchin won't even confirm it ever existed.

In a Tuesday interview, Mnuchin told Bloomberg the administration's top priority for next year is fixing 2017's tax overhaul. And as for the mysterious tax cut, well, Mnuchin said he was "not going to comment on whether it is a real thing or not a real thing."

The Tax Cuts and Jobs Act was passed last December and lauded in a documentary series from House Speaker Paul Ryan (R-Wisc.) released Tuesday. But its final form largely neglected promised tax cuts for the middle class, instead largely benefiting high-income Americans while raising the federal deficit by an projected $1.4 trillion in 10 years. Mnuchin didn't mention those issues when talking to Bloomberg, but said the administration will issue "some minor technical corrections" in early 2019.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Flash forward to October, just weeks before the midterms, and Trump again starts mentioning "a major tax cut for middle-income people." Mnuchin also affirmed he and House Republicans were working on a new tax plan to be released "shortly," Bloomberg says. Republicans, meanwhile, didn't know what Trump and Mnuchin were talking about.

When Bloomberg asked about that October hint on Tuesday, Mnuchin simply said "we have other things we're focused on." Which seems to be a fancy way of saying it's very, very far on the back burner.

To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us