The US Treasury secretary has conceded that the administration’s timetable for ambitious tax reforms is set to slip following setbacks in negotiations with Congress over healthcare.
Steven Mnuchin said 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 started as [an] aggressive timeline,” the former Goldman Sachs banker said in an interview with the Financial Times. “It is fair to say it is probably delayed a bit because of the healthcare.”
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