Help us end the fiscal year strong. Donate by June 30. Give Now

Trump administration hopes to pass tax reform by August

Adam Allington Feb 23, 2017
HTML EMBED:
COPY

Trump administration hopes to pass tax reform by August

Adam Allington Feb 23, 2017
HTML EMBED:
COPY

U.S. Treasury Secretary Steven Mnuchin said the administration is hoping to pass major tax reform legislation before Congress leaves for its August recess. President Donald Trump has set ambitious goals of economic growth of 3 percent or higher, rates not seen in over a decade. Mnuchin said the administration will achieve this through a combination of tax cuts and regulatory reform to spur economic growth.

But House Republicans want assurances that the president’s plan of tax cuts, coupled with increased spending, will be revenue-neutral. That is hard to do, especially when the administration and the Congressional Budget Office are using different methods to forecast growth.

 Click the above audio player to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.