Mnuchin said Trump will propose safeguards to prevent rich people from taking advantage of this tax cut, but provided no details on how that would work.
It isn’t just the lack of detail that sows doubt here.
The two biggest safeguards against rich people paying way too little in taxes are the AMT and IRS enforcement. Trumpp wants to eliminate the first and starve and handcuff the second. The whole aim of his tax plan is to reduce what rich people pay in taxes.