Treasury Secretary Steven Mnuchin says his tax rate actually went up after Trump's tax cuts — and the reason why makes perfect sense
Business Insider -

Treasury Secretary Steven Mnuchin testified in front of the House Ways and Means Committee on Thursday.

Mnuchin was asked about various aspects of the tax reform bill crafted by President Donald Trump and Republicans.

Part of the bill, named the Tax Cuts and Jobs Act, placed a cap on the ability for taxpayers to deduct their state and local taxes from their federal tax burden.

Mnuchin said that due to the SALT deduction cap, his own tax rate actually increased.

While data shows that most...

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