CSPAN: Sean Spicer briefed reporters and responded to questions on a range of issues, He said the Trump administration did not vet former Trump National Security Adviser General Michael Flynn but relied on the Obama administration’s vetting. Mr. Spicer also answered questions on President Trump’s proposed tax cuts.
Treasury Secretary Steve Mnuchin and National Economic Director Gary Cohn briefed reporters on the Trump administration’s tax proposal. The plan calls for big tax cuts and a simpler tax code. The plan on the personal side would eliminate all tax deductions except the mortgage interest and charitable contributions, the reduction of tax brackets from seven to three, create a zero tax rate for the first $24,000 a married couple earns, and repeal the alternative minimum tax and death tax. For businesses and corporations, the administration wants a 15 percent tax rate.
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