Tax Reform in Danger

It’s a good thing that Congress is taking a couple of weeks off to rest and relax.

(Reuters) – U.S. Treasury Secretary Steven Mnuchin said the Trump administration’s timetable for tax reform is set to falter following setbacks in negotiations with Congress over healthcare, the Financial Times reported on Monday.

Mnuchin told the Financial Times in an interview that the target to get tax reforms through Congress and on President Donald Trump’s desk before August was “highly aggressive to not realistic at this point”.

“It is fair to say it is probably delayed a bit because of the healthcare,” Mnuchin told the newspaper. (http://on.ft.com/2oPJlTX)

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