How Will Trump’s Tax Policies Impact Americans? Trump’s Treasury Secretary Explains.

In an interview with CNBC Wednesday, Donald Trump’s Secretary of the Treasury pick, Steven Mnuchin, explained how the president-elect’s tax proposals will impact Americans. The main goal of Trump’s tax policy, he said, is to help the middle class. As for the wealthy, “there will be no absolute tax cut.”

“Any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class,” Mnuchin told CNBC’s “Squawk Box.”