Steven Mnuchin: Of course tax cuts will help the wealthy!

(Credit: AP Photo/Richard Drew)

President Donald Trump’s treasury secretary has basically admitted that, despite his previous statements, the new tax reform bill will include cuts for the wealthy.

“The top 20 percent of the people pay 95 percent of the taxes. The top 10 percent of the people pay 81 percent of the taxes,” Mnuchin told Politico in a podcast released Wednesday.

“So when you’re cutting taxes across the board, it’s very hard not to give tax cuts to the wealthy with...

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