Mulvaney calling out tax plan flaws| MENAFN.COM

Thursday, 30 June 2022 12:53 GMT

Mulvaney calling out tax plan flaws


(MENAFN) Mick Mulvaney, White House budget chief, argued about the tax reform plan of President Trump on Wednesday, he accounted it as 45 percent National Economic Council Director Gary Cohn, 45 percent Treasury Secretary Steven Mnuchin and 10 percent himself.

At the Institute of Politics and Public Service of Georgetown's McCourt School, Mulvaney said "Gary Cohn and Secretary Mnuchin, the Treasury Secretary and I were the three members of the troika and what we did, earlier in the year, was said 'I'm going to focus on budget and those two guys will take taxes.' So they've really been driving the discussion on the Hill from the administration's perspective over taxes."

The difficulties of producing a new tax plan were also pointed out by Mulvaney. The challenges include developing a dynamic model to predict the new plan's economic impact, as clarified through an example from his restaurant business experience.

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