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Mnuchin says Trump tax overhaul could happen by August

Mnuchin says Trump tax overhaul could happen by August

The Trump administration wants to overhaul the tax code by August, Treasury Secretary Steven Mnuchin said Thursday, laying out an aggressive timetable in his first significant public comments since taking office last week. 

In a series of interviews, Mnuchin also said that the stock market rally since President Trump’s election was a vote of confidence in the new administration.

And he said he was seriously considering whether the Treasury Department should issue much longer-term securities — maturing in 50 or even 100 years — which could reduce government debt payments by locking in the current low interest rates.

But Mnuchin’s first goal is to push...

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