Skip to content Skip to footer

Mnuchin Gives It Away: “It’s Very Hard Not to Give Tax Cuts to the Wealthy”

The man who wrote Trump’s tax plan claims the laws of math forced him to give the rich a huge tax cut.

Treasury Secretary Steven Mnuchin speaks to members of the White House press corps during a daily briefing at the James Brady Press Briefing Room of the White House August 25, 2017, in Washington, D.C.

For weeks President Donald Trump and the Republican Party have been peddling the demonstrable lie that their tax proposals are primarily geared toward helping the middle class, not the wealthiest Americans. But in an interview with Politico’s Ben White published Wednesday, Treasury Secretary Steve Mnuchin gave away the game, admitting: “It’s very hard not to give tax cuts to the wealthy.”

The math, given how much you are collecting, is just hard to do,” the treasury secretary added.

But as The Huffington Post’s Arthur Delaney notes, the math is not hard at all. In fact, the White House’s own tax framework, released last month, had a useful suggestion: add in a higher top marginal rate.

“An additional top rate may apply to the highest-income taxpayers to ensure that the reformed tax code is at least as progressive as the existing tax code and does not shift the tax burden from high-income to lower- and middle-income taxpayers,” the framework says.

When asked about Mnuchin’s comments during Wednesday’s press briefing, White House press secretary Sarah Huckabee Sanders didn’t deny that the rich would benefit enormously from Trump’s tax plan. Instead, she claimed that cutting taxes for the middle class remains “the focus and the priority.”

Mnuchin’s comments came as the Senate debates a GOP-crafted budget proposal that Republicans need to pass in order to pave the way for a tax plan that non-partisan analyses have shown would almost solely benefit the top one percent, while increasing taxes on some low-income and middle class families.

On social media, critics mocked Mnuchin’s claim, suggesting that it exposes the tax “scam” Trump and the GOP are attempting to ram through Congress — despite the fact that an of Americans disapprove of the plan.

It takes longer to read this sentence than it does to support our work.

We don’t have much time left to raise the $15,000 needed to meet Truthout‘s basic publishing costs this month. Will you take a few seconds to donate and give us a much-needed boost?

We know you are deeply committed to the issues that matter, and you count on us to bring you trustworthy reporting and comprehensive analysis on the real issues facing our country and the world. And as a nonprofit newsroom supported by reader donations, we’re counting on you too. If you believe in the importance of an independent, free media, please make a tax-deductible donation today!