WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration’s upcoming tax plan will not be aimed at lowering income taxes for the wealthiest Americans.

”“We are looking for a middle income tax cut. On the high end the plan is to eliminate state and local deductions … and even if we do end up with a slight reduction on the high end that will be offset by a reduction of deductions so their taxes won’t go down,” Mnuchin said during an interview at a policy forum organized by news outlet Politico.

He added that details of the tax reform framework, due for release t…
Reuters: Money

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