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According to Bloomberg Politics, U.S. Treasury Secretary Steven Mnuchin stated in an interview (on 18/10/2017) that the Republican tax plan will include breaks for the wealthy, a rhetorical reversal that refutes President Donald Trump's promises that the rich won’t enjoy a net tax cut.The Treasury secretary’s views on how wealthy Americans would fare under tax legislation have developed over the past year. The Republican Leaders says that their latest framework is incomplete and that they have yet to fill in details that would benefit the average person. In his interview, Mnuchin also defended the framework’s call for repeal of the estate tax, which applies to estates worth at least $5.49 million per person. An “absolute guarantee” was given by the Treasury chief that Trump would sign a tax bill by the end of 2017.

Sources: Bloomberg Politics