Treasury secretary promotes tax reform
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"There's no question in my mind that over the last eight years this has been a great environment for rich people, but for the average worker, their wages have gone nowhere...,"
"If the driving force of this is a massive tax cut for corporations..., it's very hard to see how they could dress that up in a way that
"What's driving this is...CEOs in rooms saying 'This is important to us' and donors saying, 'If you don't do this again, we'll never support you...'," he said.
"During the campaign, the president wanted us to try to get down to 15 percent,"
Opponents, however, argue that the federal corporate tax law is so riddled with loopholes that most corporations pay well below 35 percent. They also don't believe workers will benefit from tax breaks at the top.
"It didn't work when
"Fundamentally, we believe that the federal government should get out of the business of subsidizing the states," he said. "We need to create a more fair and level playing field and simplify the tax system and get rid of a lot of tax deductions."
"I wonder if states like
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