I had the privilege of attending an intimate meeting with Treasury Secretary Steven Mnuchin and Special Advisor to the President Ivanka Trump this morning. The small group met in Newport Beach and both Mnuchin and Trump outlined the proposed tax law changes. Ivanka Trump began the conversation by stating that the core focus of the proposed legislation is job growth and middle class tax reduction. Secretary Mnuchin outlined the various components of the plan and described how they will stimulate growth and create jobs. Both Mnuchin and Trump were very straightforward in pointing out that this tax package is not intended to help the wealthy – those earning over $1m per year. The Senate is scheduled to release their version of tax reform this week and then the real negotiations begin.
