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Mnuchin says Obama-era tax rules get review with Trump order

(Bloomberg) -- The tax code became too expensive and burdensome under former President Barack Obama’s administration, making a review of 2016 and…

By Saleha Mohsin | Updated on April 21, 2017
Although Trump’s administration is already pushing for an overhaul of the U.S. tax code, it’s important to review Obama-era regulations as well, Mnuchin said.

(Bloomberg) — The tax code became too expensive and burdensome under former President Barack Obama’s administration, making a review of 2016 and 2017 tax rules necessary, Treasury Secretary Steven Mnuchin said.

And although President Donald Trump’s administration is already pushing for a comprehensive overhaul of the U.S. tax code in legislation, it’s important to review Obama-era regulations as well, Mnuchin said Friday at the White House, where he detailed the provisions in an executive order President Donald Trump will sign later in the afternoon.

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