Mnuchin Says Expectations of Tax Law by August Are “Highly Aggressive”

Mnuchin Says Expectations of Tax Law by August Are “Highly Aggressive”

Treasury Secretary Steve Mnuchin said Monday that it would need to be a “highly aggressive to not realistic” schedule for President Trump to get a tax bill passed before Congress takes their August recess.

“It started as [an] aggressive timeline,” Mnuchin told the Financial Times published Monday, a reference to the August deadline. “It is fair to say it is probably delayed a bit because of the health care.”

Mnuchin also spoke about President Trump’s comments that the U.S. dollar was too strong, saying that he did not support devaluing the American dollar. Trump told the Wall Street Journal last week that it is “very, very hard to compete when you have a strong dollar and other countries are devaluing their currency.”

“The President was making a factual comment about the strength of the dollar in the short term,” Mnuchin told the Financial Times. “There’s a big difference between talk and action.”

via Talking Points Memo

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