Mnuchin: ‘We Will Have Rules’ To Make Sure People Who Should Pay 35% Won’t Set up LLCs to Get Around It

EXCERPT:

MNUCHIN: "What most people don't realize is, there's many studies that show that more than 70 percent of the burden of business tax is passed on to the workers. So this is about creating jobs and this is about creating earnings growth. And we will have rules to make sure that people who should be paying 35 percent personal rates aren't able to set up LLCs and other entities to get around the tax code."