Mnuchin sees $1 trillion revenue growth from U.S. tax overhaul
- U.S. Treasury Secretary Steven Mnuchin announced that the recent tax reform will lead to over $1T in growth dismissing the claim that the tax cuts will increase U.S. deficits by $1.1T to $1.5T over 10 years.
- However, the treasury was talking to congress for additional funding for implementation of the tax plan as funding is expiring on Jan. 19.
- Source: Investing.com
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