TREASURY

Sen. Hoeven Meets with U.S. Treasury Secretary Over Tax Relief

It would increase the standard deduction for individuals to $12,000 and married couples to $24,000

WASHINGTON, D.C. — The U.S. Treasury Secretary is on Capitol Hill looking for support for tax relief. Steven Mnuchin met with North Dakota U.S. Senator John Hoeven to talk about modernizing and simplifying the tax code. The draft Senate tax relief bill provides a net tax cut of about $1,500 for a median income family of four. It would increase…