To Lift Paychecks, Treasury Urges Companies to Act Quickly on New Tax Law

The Trump administration, which has promised that the new tax law will put money back in workers’ pockets, is eager to ensure that the transition to a new tax code does not devolve into chaos and to show evidence that taxpayers are faring better under the new law.

Steven Mnuchin, the Treasury secretary, said on Thursday that 90 percent of wage earners would see an increase in their take-home pay once businesses change their withholding tables to reflect the new tax code.

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Steven Mnuchin, the Treasury secretary, said on Thursday that 90 percent of wage earners would see an increase in their take-home pay once businesses change their withholding tables to reflect the new tax code.

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