The White House reveals what next week’s ‘big announcement’ on taxes will look like

Some of us remember the Reagan years and trickle down economics, which just doesn’t work. Steve Mnuchin has a perfectly Reaganesque quote in this article.  We’ve highlighted it for you. And, here’s a link to an article discussing Reagan economics.

The following article by Damian Paletta was posted on the Washington Post website April 21,2017:

AP/Evan Vucci
Treasury Secretary Steven Mnuchin listens as President Donald Trump speaks during a meeting on the federal budget on February 22, 2017, in the White House.

The White House will release on Wednesday the “broad principles and priorities” of their plans to overhaul federal taxes, a White House official said Friday night, downplaying expectations that the Trump administration would reveal key details underpinning the plan.

President Trump said earlier Friday that he would release new information about his plan to overhaul the tax code on Wednesday, a sign that he is trying to accelerate one of his most ambitious campaign promises even though key specifics remain undetermined. Continue reading “The White House reveals what next week’s ‘big announcement’ on taxes will look like”