KPFA: US Treasury Sec Mnuchin Is Planning a $100 Billion Tax Cut for the Wealthy

This would very likely be the largest regulatory tax cut in history. While there’s an important place for Treasury regulations in clarifying Congressional intent, that’s not what this is… It’s an unprecedented departure from the traditional roles that regulations have played….

This is a tax cut that would go almost entirely to the best-off Americans. Something like one percent of the total tax savings would go to the poorest 80 percent of Americans. The top 1 percent would receive about 86 percent of the tax cuts. Read more or listen

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