Tags: Trump Administration | Trump Tax Reform | mick mulvaney | tax law | government | shutdown

Mick Mulvaney: Shutdown Won't Affect Tax Law Implementation

Image: Mick Mulvaney: Shutdown Won't Affect Tax Law Implementation
(AP)

By    |   Wednesday, 17 January 2018 02:48 PM

The Trump administration is not expecting a government shutdown, but if it happens, it won't affect the implementation of tax reform legislation passed in December, Office of Management and Budget Director Mick Mulvaney said Wednesday.

"We're not expecting a shutdown and if we do…it would be for one reason, and one reason only, it would be because of Democrats in the Senate," Mulvaney said told Fox Business' "Varney & Co." host Stuart Varney.

Congressional Democrats have said they won't vote to keep the government going should an agreement not be reached on the Deferred Action for Childhood Arrivals program.

Mulvaney, though, said it has not been determined how the people who would be working on the implementation are to be classified, which will decide whether they should still report for work during a shutdown.

"We've not been able to determine yet whether or not the folks who are working on doing the forms are what they call 'accepted' or 'non-accepted' employees, would they come to work during a shutdown," he told Varney.

At any rate, even if the implementation of the tax reform legislation is affected, it would only be temporary.

"Those folks simply wouldn't be allowed to work on it for the day or two that the government is shut down," said Mulvaney, "so, the impact on the overall tax bill would be negligible if not zero."

Mulvaney, who is serving as acting director of the Consumer Financial Protection Bureau (CFPB), also discussed concerns that better protections are needed for the nations' bitcoin investors.

"It's a fair question, I think everybody deserves a certain amount of protection and certainly we will get a chance to look at that possibly as we look [at] a lot of different, new types of financial currencies and so forth," he said.

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Office of Management and Budget Director Mick Mulvaney said the Trump administration is not expecting a government shutdown, but if it happens, it won't affect the implementation of tax reform legislation...
mick mulvaney, tax law, government, shutdown
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2018-48-17
Wednesday, 17 January 2018 02:48 PM
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