Mnuchin confident that massive tax reform will get done this year

20.06.2017 / 22:50

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Treasury Secretary Steven Mnuchin predicted Tuesday that "massive tax reform" that includes cuts and changes to the system will get finished this year.

The Trump administration had been hoping to get the issue resolved before the August break. Mnuchin did not present that aggressive of a timetable, but said he is confident the administration and Congress can get reform accomplished.

"We're 100 percent committed to getting it done this year. It's critical to the economy," he said. "We have a unique opportunity to do this. It's been 30 years. We have to fix the system and our teams are meeting daily."

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev

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Mnuchin confident that massive tax reform will get done this year

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