Steven Mnuchin

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Trump Tax Plan Cuts Top Tax Rate to 35%

It would also reduce number of brackets from 7 to 3

(Newser) - The White House on Wednesday began laying out President Trump's tax plan, which calls for sharp cuts for businesses and individuals. The administration says the cuts will spur economic growth and bring jobs and prosperity to America's middle class, though lawmakers were worried about ballooning federal deficits. Much... More »

Mnuchin: Tax Reform Derailed by Health Care Failure

Mnuchin now says 'not realistic' tax reform gets done by August

(Newser) - It looks like the US won't have a reformed tax system by Labor Day after all. Steven Mnuchin tells the Financial Times that having a tax reform bill ready for President Trump's signature by August is "not realistic at this point." Two months ago, the Treasury... More »

Treasury Secretary Sworn in After Unusually Close Vote

One Democrat joined GOP in voting to confirm Steven Mnuchin

(Newser) - Former Goldman Sachs exec Steven Mnuchin was sworn in as Treasury secretary Monday night after being confirmed by an unusually close Senate vote. The vote was 53-47, with West Virginia's Sen. Joe Manchin breaking ranks to become the only Democrat voting to confirm, the Hill reports. Other Democrats fiercely... More »

GOP Advances 2 Nominees With No Democrats Present

After Democratic boycott, Finance Committee Republicans change the rules

(Newser) - Democrats found a way Tuesday to use the Senate's own rules to stall two of President Trump's Cabinet nominees. On Wednesday, Republicans retaliated in the simplest of ways: They changed those rules. As a result, the names of Treasury nominee Steve Mnuchin and Health and Human Services nominee... More »

GOP to Dems Skipping Cabinet Votes: 'Stop Acting Like Idiots'

Democrats want more information before votes for Mnuchin for Treasury, Price for HHS

(Newser) - Senate confirmation hearings for President Trump's Cabinet choices got heated Tuesday—or at least the ones that took place. Democrats on the Senate Finance Committee angered not only by Trump's recent travel ban , but also by his firing of acting AG Sally Yates , forced votes Tuesday to be... More »

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