Treasury's Mnuchin: Difficult not to cut taxes for top 10 percent

Treasury's Mnuchin: Difficult not to cut taxes for top 10 percent

CARLOS BARRIA

"If you're cutting taxes, it is hard to create a system where you're not going to also cut taxes on the top 10 percent," Mnuchin said at an Institute for International Finance event in Washington on the sidelines of the IMF and World Bank semi-annual meetings.

"I'd also say that 10 percent invests a lot of money so what we're trying to do is not create disproportionate tax cuts to the top," he added.

Mnuchin said he still expects tax reform legislation to reach President Donald Trump's desk for signature in early December.

(Reporting by Lindsay Dunsmuir; Editing by Bernadette Baum)

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