Los Angeles Times

Tax cut failure could rattle stock market, Mnuchin warns

WASHINGTON - Treasury Secretary Steven T. Mnuchin said that failure to pass the Republican tax overhaul would trigger a "significant" drop in the stock market, which has rallied to record highs in recent months.

His warning, which some market analysts disputed, came as a new poll showed 52 percent of Americans oppose the tax plan, which is centered on huge cuts for corporations.

Only a third of respondents in the CNN poll said

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