Gross Domestic Product

Mnuchin says goal is to pass tax reform by August

Treasury Secretary Steven Mnuchin said Thursday the administration is committed to getting major tax reform legislation through Congress by August. He predicted that President Donald Trump's economic proposals will be able to boost growth significantly to annual rates above 3 percent.

Mnuchin said that tax reform is the administration's top economic priority and the goal is to have a measure approved by the time Congress takes its August recess.

"We are committed to pass tax reform," Mnuchin said in an interview on CNBC. "It's going to be focused on middle income tax cuts, simplification and making (the U.S.) business tax competitive with the rest of the...

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