Law professor: Treasury Department is 'gutting' Trump tax legislation

Steven Mnuchin.
(Image credit: Drew Angerer/Getty Images)

President Trump's signature legislation so far has been his administration's overhaul of the federal tax law in 2017. But despite slashing taxes for major U.S. companies to keep them in the country, those corporations weren't satisfied, The New York Times reports.

In efforts to drive their taxes even lower, lobbyists from several companies across a wide range of industries reportedly pelted the Treasury Department with meetings, eventually forcing their hand and winning exemptions for taxes that would have required them to pay more.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.