As secretary of the treasury under President Trump, Mnuchin turned to a far larger transfer of capital to the wealthy, helping orchestrate the $1.9 trillion Tax Cuts and Jobs Act. By 2027, the bill will actually raise taxes on most Americans, while 82 percent of the benefits will go to the top 1 percent.

DEFINE: Clarifies the delayed effect of the Tax Cuts and Jobs Act — that its provisions sunset and shift the burden by 2027.

Andrew deWaard, Derivative Media, loc. 298