- The Washington Times - Sunday, December 17, 2017

Treasury Secretary Steve Mnuchin said Sunday that he had “no doubt” the tax reform bill would arrive on President Trump’s desk by Christmas.

Asked if he could say “flatly” that Congress would pass the sweeping legislation this week, Mr. Mnuchin said, “I can.”

“It’s a historic moment and we’re excited to be here,” Mr. Mnuchin said on “Fox News Sunday.” “I have no doubt. This has been a terrific process with the House and Senate working together in conference, and there’s a terrific bill that’s going to get to the president to sign.”

Congressional Republicans plan to hold votes this week after releasing Friday the conference committee’s final version of the legislation, which would slash the corporate and individual rates, increase the standard deduction and child-tax credit, and reduce or eliminate certain tax breaks.

Mr. Mnuchin also circled back to the administration’s predictions that simplifying the tax code would mean 90 percent of Americans would be able to fill out their annual federal income tax forms on a postcard.



“Over 90 percent of Americans are going to fill out taxes on that postcard or a virtual electronic postcard,” Mr. Mnuchin said. “This is about simplifying taxes and simplifying the business system.”

The new rules would take effect Jan. 1, and Mr. Mnuchin said the Internal Revenue Service has already begun revising its forms.

“We’re in the process already of designing new forms so that Americans don’t have thousands of pages of tax forms,” Mr. Mnuchin said.

 

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