{"id":1490,"date":"2017-06-13T18:21:00","date_gmt":"2017-06-13T18:21:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2017\/06\/13\/mnuchin-breaks-trump-promise-on-tax-cuts-for-the-rich\/"},"modified":"2017-06-13T18:21:00","modified_gmt":"2017-06-13T18:21:00","slug":"mnuchin-breaks-trump-promise-on-tax-cuts-for-the-rich","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/mnuchin-breaks-trump-promise-on-tax-cuts-for-the-rich\/","title":{"rendered":"Mnuchin Breaks Trump Promise On Tax Cuts for the Rich"},"content":{"rendered":"<p><meta http-equiv=\"Content-Type\" content=\"text\/html; charset=us-ascii\"><meta name=\"Generator\" content=\"Microsoft Word 15 (filtered medium)\"><\/p>\n<style type=\"text\/css\"><!--\n\/* Font Definitions *\/\n@font-face\n\t{font-family:\"Cambria Math\";\n\tpanose-1:2 4 5 3 5 4 6 3 2 4;}\n@font-face\n\t{font-family:Calibri;\n\tpanose-1:2 15 5 2 2 2 4 3 2 4;}\n@font-face\n\t{font-family:Georgia;\n\tpanose-1:2 4 5 2 5 4 5 2 3 3;}\n\/* 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div.Title1CxSpLast\n\t{mso-style-name:Title1CxSpLast;\n\tmso-style-link:\"Title1 Char\";\n\tmso-style-type:export-only;\n\tmso-margin-top-alt:auto;\n\tmargin-right:0in;\n\tmso-margin-bottom-alt:auto;\n\tmargin-left:0in;\n\tmso-add-space:auto;\n\tfont-size:12.0pt;\n\tfont-family:\"Times New Roman\",serif;\n\tfont-weight:bold;}\nspan.Title1Char\n\t{mso-style-name:\"Title1 Char\";\n\tmso-style-link:Title1;\n\tfont-family:\"Times New Roman\",serif;\n\tfont-weight:bold;}\nspan.EmailStyle21\n\t{mso-style-type:personal-compose;\n\tfont-family:\"Arial\",sans-serif;\n\tcolor:windowtext;}\n.MsoChpDefault\n\t{mso-style-type:export-only;\n\tfont-family:\"Calibri\",sans-serif;}\n@page WordSection1\n\t{size:8.5in 11.0in;\n\tmargin:1.0in 1.0in 1.0in 1.0in;}\ndiv.WordSection1\n\t{page:WordSection1;}\n-->\n<\/style>\n<p><!--[if gte mso 9]><xml>\n<o:shapedefaults v:ext=\"edit\" spidmax=\"1026\" \/>\n<\/xml><![endif]--><!--[if gte mso 9]><xml>\n<o:shapelayout v:ext=\"edit\">\n<o:idmap v:ext=\"edit\" data=\"1\" \/>\n<\/o:shapelayout><\/xml><![endif]--><\/p>\n<div class=\"WordSection1\">\n<p align=\"center\" class=\"MsoNormal\" style=\"text-align:center\"><b><span georgia=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span georgia=\"\" style=\"font-family:\">In testimony before Congress today and yesterday, Secretary Mnuchin confirmed that he backtracked on his promise that Trump&rsquo;s tax bill would not benefit the wealthiest Americans.<o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><span georgia=\"\" style=\"font-family:\"><o:p>&nbsp;<\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><b><span georgia=\"\" style=\"font-size:14.0pt;font-family:\">THEN: <o:p><\/o:p><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><b><span georgia=\"\" style=\"font-family:\"><o:p>&nbsp;<\/o:p><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><b><span georgia=\"\" style=\"font-family:\">Mnuchin pledged that Trump&rsquo;s tax bill would not benefit the highest earners.<\/span><\/b><b><span georgia=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span georgia=\"\" style=\"font-family:\"><o:p>&nbsp;<\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-family:\"><a href=\"https:\/\/www.bloomberg.com\/politics\/articles\/2017-06-12\/mnuchin-says-trump-won-t-veto-tax-bill-giving-wealthy-tax-cuts?utm_content=politics&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_medium=social&amp;cmpid%3D=socialflow-twitter-politics\"><span style=\"color:#0563C1\">Bloomberg<\/span><\/a>: &ldquo;Mnuchin said in late November that Trump&rsquo;s tax plan would benefit middle-class taxpayers, not the highest earners &#8212; an assurance that some Democrats quickly labeled &lsquo;the Mnuchin Rule.<span style=\"color:#1F497D\">&rsquo;<\/span>&rdquo; <o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><span georgia=\"\" style=\"font-family:\"><o:p>&nbsp;<\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><b><span georgia=\"\" style=\"font-size:14.0pt;font-family:\">NOW: <o:p><\/o:p><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><b><span georgia=\"\" style=\"font-family:\"><o:p>&nbsp;<\/o:p><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><b><span georgia=\"\" style=\"font-family:\">Mnuchin said yesterday that Trump would not veto a tax reform bill that violates the &ldquo;Mnuchin Rule&rdquo; by providing tax cuts to the wealthiest Americans.<\/span><\/b><b><span georgia=\"\" style=\"font-family:\"><o:p><\/o:p><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span georgia=\"\" style=\"font-family:\"><o:p>&nbsp;<\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-family:\"><a href=\"https:\/\/www.bloomberg.com\/politics\/articles\/2017-06-12\/mnuchin-says-trump-won-t-veto-tax-bill-giving-wealthy-tax-cuts?utm_content=politics&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_medium=social&amp;cmpid%3D=socialflow-twitter-politics\"><span style=\"color:#0563C1\">Bloomberg<\/span><\/a>: &ldquo;President Donald Trump won&rsquo;t veto a tax bill even if it provides the wealthiest Americans with a tax cut, according to Treasury Secretary Steven Mnuchin.&rdquo; <o:p><\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><span georgia=\"\" style=\"font-family:\"><o:p>&nbsp;<\/o:p><\/span><\/p>\n<p class=\"MsoNormal\"><b><span georgia=\"\" style=\"font-family:\">Mnuchin confirmed today that he walked back his promise about avoiding tax cuts for the wealthy.<o:p><\/o:p><\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span georgia=\"\" style=\"font-family:\"><o:p>&nbsp;<\/o:p><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin-left:.5in\"><span georgia=\"\" style=\"font-family:\"><a href=\"https:\/\/www.bloomberg.com\/politics\/articles\/2017-06-13\/mnuchin-reversal-on-tax-cuts-for-rich-stirs-clash-with-democrat?utm_content=politics&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_medium=social&amp;cmpid%3D=socialflow-twitter-politics\"><span style=\"color:#0563C1\">Bloomberg<\/span><\/a>: &ldquo;<span style=\"color:#1F497D\">&lsquo;<\/span>I have walked it back from my CNBC interview,&rsquo; Mnuchin said Tuesday. The Treasury chief said he and the president are focused on reaching agreement with congressional leaders now.&rdquo;<o:p><\/o:p><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In testimony before Congress today and yesterday, Secretary Mnuchin confirmed that he backtracked on his promise that Trump&rsquo;s tax bill would not benefit the wealthiest Americans. &nbsp; THEN: &nbsp; Mnuchin pledged that Trump&rsquo;s tax bill would not benefit the highest earners. &nbsp; Bloomberg: &ldquo;Mnuchin said in late November that Trump&rsquo;s tax plan would benefit middle-class <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1490","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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