Steven Mnuchin, President-elect Donald Trump's pick for Treasury secretary, said in a Wednesday interview on CNBC's "Squawk Box" that "there will be big tax cuts for the middle class."
The incoming administration would negotiate with lawmakers to prevent taxes from rising on some middle-class families under Trump's proposals by using child-care tax breaks, according to Mnuchin.
"When we work with Congress and go through this, it will be very clear. This is a middle-income tax cut. And the child-care credit is a big aspect of this," he said.
However, about 20 percent of households and more than half of single parents would pay more in taxes under Trump's tax plan even with the child-care breaks, according to an analysis by the Urban-Brookings Tax Policy Center from New York University law professor Lily Batchelder.