Mnuchin Vows No Tax Cut for Rich, the Math Says Otherwise

The newly christened “Mnuchin rule” — the assurance given by the Treasury nominee Steven T. Mnuchin that “there would be no absolute tax cut for the upper class” — seems as if it was made to be broken.

Mr. Mnuchin initially made the statement during an interview on CNBC in November, after President Trump chose him for the cabinet. At Mr. Mnuchin's confirmation hearing, Senator Ron Wyden, an Oregon Democrat, rebranded the comment as a “rule,” transforming a throwaway line into a formal pledge.