Treasury Secretary Steven Mnuchin found himself parrying allegations that his department’s regulations carrying out the 2017 tax code overhaul added more than $100 billion in corporate tax benefits Wednesday at his first Capitol Hill appearance defending President Donald Trump’s new budget request.
Mnuchin also took fire from Senate Finance Committee Democrats who said he favored a Republican request for documents related to Vice President Joe Biden’s son Hunter — a central figure in the impeachment drama that wrapped up last week — while “stonewalling” their demands for Trump’s tax returns.
Trump’s “agenda is working,” Mnuchin told panel members at the outset of the hearing on Trump’s $4.8 trillion fiscal 2021 budget request. Continue reading.