The Director of the Office of Management and Budget, Mick Mulvaney said on Wednesday that the president would not sign a tax bill that raised taxes for the middle class.
“If our numbers here at the White House actually show the same thing, if they show that taxes are going up on the middle class, on the House plan, on the Senate plan, on some combination of the two, we won’t sign it,” said Mulvaney.
Mulvaney’s comments came in response to the analysis published on Wednesday by the Tax Policy Center, which found that the Republican legislation would increase taxes for about 25 percent of taxpayers in 2027, even though for more that 60 percent of Americans taxes would fall in the first year. He pointed out that he did not agree with the analysis, adding that President Donald Trump was pursuing a plan which lowers taxes for the middle class, facilitates the process of filing taxes and lowers the corporate tax rate.
Trump himself maintained he would be “a big loser” should the GOP tax overhaul be signed into law. However, his claim could not be confirmed due to his refusal to release his tax returns. Trump again noted that the plan was “just so bad for rich people.”
Mulvaney did not want to comment as to how much Trump would have to pay, saying that he decline to “relitigate” his taxes. Mulvaney only noted that he didn’t know how the president’s income was structured, but that he believed Trump “is going to pay a substantial price” if state and local tax reductions were eliminated.
“That’s a political issue that got washed out as far as I’m concerned in the election. Honestly, I don’t think it’s any of my business,” Mulvaney concluded.
According to Mulvaney, the House is to vote on the bill by Thanksgiving and the Senate just after that which would give them enough time to work on the differences between the two bills.
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