LIKE A NOVICE WAITER FACING unruly diners, Steven Mnuchin has spent the past six months trying to entice Washington with what should be an appetizing offering: tax reform.
Huddled in closed-door sessions in ornate conference rooms across the capital, the Treasury Secretary has offered options, and taken orders, in a chaotic search for consensus on the Republican Party’s long-sought legislative agenda item. But on Sept. 27, when Mnuchin and congressional Republicans emerged from the kitchen, what they put on the table amounted to a promise of dessert with little sense of when the main course would arrive, let alone what it would consist of.
The tax-reform package Mnuchin and his allies presented would slash corporate tax rates from 36% to 20%, raise the lowest tax bracket from 10% to 12% and increase the number of people who would pay no taxes. But the ultimate shape of the proposal— and its impact on middle- and lower-income Americans—was impossible to determine. The specifics on many deductions and the precise new income brackets are not yet on offer.
Bu hikaye Time dergisinin October 9,2017 sayısından alınmıştır.
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Bu hikaye Time dergisinin October 9,2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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