Treasury Secretary Steve Mnuchin on Friday admitted that the Trump administration’s proposal to repeal the estate tax will “disproportionately help rich people” after Trump claimed that repealing the tax would help the working class.
“Obviously, the estate tax, I will concede, disproportionately helps rich people,” Mnuchin said at the Institute for International Finance conference on Friday, according to the New York Times.
Trump touted his tax reform plan at a speech to truck drivers in Harrisburg, Pa., on Wednesday, claiming his plan will benefit middle middle-class.
“It’s a middle-class bill. That’s what we’re thinking of. That’s what I want,” Trump said in Pennsylvania.
“When your trucks are moving, America is growing,” he added.
He said his “huge” tax plan would help “remove barriers that slow you [truckers] down.”