Steven Mnuchin  (Page 1)

Senate GOP Leaders Debate Adding Harvey Relief to Debt Ceiling

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Posted by  ▪  Tuesday, September 5, 2017 at 7:00pm 9/5/2017 at 7:00pm

Congress has returned to work and have started to ponder two important tasks at hand: Hurricane Harvey relief bill and the debt ceiling.

One option leaders have leaned towards is attaching the two into one bill, thus killing two birds with one stone. The House could pass the Harvey relief bill on...

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White House Will Not Release Its Own Tax Reform Plan

http://www.palmbeachpost.com/news/national-govt--politics/read-president-trump-speech-coast-guard-academy-commencement/jU7CcqSBvvn0a1d305HSeJ/
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Posted by  ▪  Friday, August 25, 2017 at 5:30pm 8/25/2017 at 5:30pm
http://www.palmbeachpost.com/news/national-govt--politics/read-president-trump-speech-coast-guard-academy-commencement/jU7CcqSBvvn0a1d305HSeJ/

With Congress’s recess about to end, eyes have turned to tax reform. But in a surprise twist, the White House has decided not to write its own tax reform plan, according to President Donald Trump’s head economic aide. From The Financial Times:

“The ‘big six’ have been meeting and have come up...

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McConnell: ‘Zero Chance’ U.S. Won’t Raise Debt Ceiling

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Posted by  ▪  Tuesday, August 22, 2017 at 8:30am 8/22/2017 at 8:30am

While everyone is talking about statues or President Donald Trump taking a glance at the eclipse, America has some serious issues to address once Congress returns from its recess. This includes the debt ceiling.

Last month, Treasury Secretary Steven Mnuchin urged Congress to raise the debt ceiling to prevent the government from...

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Mnuchin Defends Trump, Will Not Resign

https://www.youtube.com/watch?v=TTlkX41zuhQ
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Posted by  ▪  Sunday, August 20, 2017 at 12:30pm 8/20/2017 at 12:30pm
https://www.youtube.com/watch?v=TTlkX41zuhQ

Secretary of Treasury Steve Mnuchin faced calls to resign from his Yale classmates in light of President Donald Trump’s reaction to the violence in Charlottesville, VA.

Mnuchin has a simple answer: NO.

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Congress Will Face Debt Ceiling Decision Immediately After Recess

https://www.youtube.com/watch?v=TTlkX41zuhQ
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Posted by  ▪  Monday, July 31, 2017 at 10:12am 7/31/2017 at 10:12am
https://www.youtube.com/watch?v=TTlkX41zuhQ

After failing to do anything with Obamacare, Congress has gone on recess without addressing the debt ceiling.

Treasury Secretary Steven Mnuchin has warned Congress to address the debt ceiling for the past seven months and do something before recess. Mnuchin said the government needs to raise the debt ceiling before September...

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Tax Reform: GOP Leaders, White House Drop Border Adjustment Tax

https://www.youtube.com/watch?v=SuDlcHAqbLg
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Posted by  ▪  Friday, July 28, 2017 at 11:30am 7/28/2017 at 11:30am
https://www.youtube.com/watch?v=SuDlcHAqbLg

Congressional Republicans and President Donald Trump’s administration decided to abandon the controversial border adjustment tax (BAT) and concentrate more on corporate tax in their tax reform approach. The joint statement read:

While we have debated the pro-growth benefits of border adjustability, we appreciate that there are many unknowns associated with it and...

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Why Slashing Interest Deduction Could Cause Trouble for Businesses

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Posted by  ▪  Saturday, July 1, 2017 at 5:30pm 7/1/2017 at 5:30pm
https://commons.wikimedia.org/wiki/File:Mount_Angel_OR_-_grain_field.jpg

Healthcare reform has taken center stage once again, but tax reform still lurks in the background. It’s yet another issue that Congressional Republicans cannot agree on, mainly on the border adjustment tax.

But there’s a tax deduction the Republicans may eliminate that could cause problems and possible resistance among lawmakers, including within...

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Mnuchin Announces Sanctions on Chinese Bank Over North Korea

https://www.youtube.com/watch?v=TTlkX41zuhQ
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Posted by  ▪  Thursday, June 29, 2017 at 3:30pm 6/29/2017 at 3:30pm
https://www.youtube.com/watch?v=TTlkX41zuhQ

Treasury Secretary Steven Mnuchin announced that the U.S. has sanctioned two Chinese citizens, a shipping company, and a bank. He accused the “bank of laundering money for Pyongyang.” From The New York Times:

A Treasury statement named the bank as the Bank of Dandong and the firm as Dalian Global Unity Shipping...

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Blue Dog Democrats Met With Trump Officials to Discuss Tax Reform

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Posted by  ▪  Wednesday, June 21, 2017 at 1:09pm 6/21/2017 at 1:09pm
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THEY DO EXIST! Yes, Congress still has Blue Dog Democrats within its walls. The group consists of only 18 members, but it could be enough to push tax reform through this year.

These Democrats view themselves as ones who can help “broker a bipartisan deal.” The Hill reported:

“If it’s constructive, if they’re...

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Mnuchin: U.S. has Plans if Congress Won’t Raise Debt Ceiling

https://www.youtube.com/watch?v=TTlkX41zuhQ
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Posted by  ▪  Sunday, June 11, 2017 at 9:00am 6/11/2017 at 9:00am
https://www.youtube.com/watch?v=TTlkX41zuhQ

In May, Treasury Secretary Steven Mnuchin asked Congress to raise the debt ceiling before members take their summer recess in order for America to pay its debts. The ability to borrow money expired on March 16.

Now Mnuchin has said that he and...

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Will the House Vote to Repeal Dodd-Frank?

https://www.youtube.com/watch?v=C-Y-nW6enmk
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Posted by  ▪  Monday, June 5, 2017 at 1:00pm 6/5/2017 at 1:00pm
https://www.youtube.com/watch?v=C-Y-nW6enmk

The House of Representatives will vote on the Financial CHOICE Act this week, which will repeal a lot of the Dodd-Frank Reform Act. The Hill reported:

...

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Mulvaney, Mnuchin Offer Different Views on Trump’s Tax Plans

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Posted by  ▪  Monday, May 29, 2017 at 12:30pm 5/29/2017 at 12:30pm

I think it’s safe to assume that a tax reform plan will take a lot longer than Trump’s administration thinks, especially when his officials cannot agree on how the plan will work.

That’s exactly what happened when White House Budget Director Mick Mulvaney and Treasury Secretary Steven Mnuchin testified in front of...

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Paul Ryan Won’t Let Go of the Border Adjustment Tax

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Posted by  ▪  Wednesday, May 24, 2017 at 4:00pm 5/24/2017 at 4:00pm

Speaker Paul Ryan (R-WI) will not let go of a border adjustment tax (BAT) when it comes to tax reform, which will set up a major showdown with the White House and possibly the Senate.

Ryan admitted today that the House could pass a tax bill without the BAT, but he’s still...

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Trump’s Tax Plan: Cut Corporate Taxes, Three Brackets for Income Taxes

https://www.youtube.com/watch?v=TTlkX41zuhQ
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Posted by  ▪  Wednesday, April 26, 2017 at 5:33pm 4/26/2017 at 5:33pm
https://www.youtube.com/watch?v=TTlkX41zuhQ

Secretary of Treasury Steven Mnuchin and National Economic Council Director Gary Cohn spoke to the press at the White House today about President Donald Trump’s tax reform plan. Trump wants to slash the corporate tax rate to 15%, which I covered yesterday. But he also wants to place income taxes for...

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Trump Pursuing a 15% Corporate Tax Rate

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Posted by  ▪  Tuesday, April 25, 2017 at 10:00am 4/25/2017 at 10:00am

President Donald Trump has offered us a little hint into the tax reform plan he wants to unveil on Wednesday. He has demanded aides to draft a plan that cuts ...

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ExxonMobil Denied Sanctions Waiver to Drill in Russia

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Posted by  ▪  Friday, April 21, 2017 at 7:00pm 4/21/2017 at 7:00pm

The Treasury Department has rejected a request from ExxonMobil to waive Russian sanctions in order for the oil company to drill with PAO Rosneft.

The department received sanctions years ago after Russia invaded Ukraine and annexed Crimea. ExxonMobil, which Secretary of State Rex Tillerson headed, had made plans with Rosneft to drill...

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Trump to Include Dodd-Frank, Taxes in Latest Executive Order

https://www.youtube.com/watch?v=zFrarC6IhU4
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Posted by  ▪  Friday, April 21, 2017 at 2:30pm 4/21/2017 at 2:30pm
https://www.youtube.com/watch?v=zFrarC6IhU4

President Donald Trump will sign an executive order for Treasury Secretary Steven Mnuchin to target financial regulations from former President Barack Obama that have caused companies trouble to conduct business.

Mnuchin has said that the orders from Trump “are meant to emphasize the administration’s economic priorities to the American people.” This includes...

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