Tag: Trump Treasury Secretary

Mnuchin suggests taxpayers will have to pay back COVID money unless Trump is reelected

AlterNet logoTreasury Secretary Steve Mnuchin suggested on Sunday that Americans will have to pay the government back for any payroll tax reduction unless President Donald Trump is reelected.

In an interview on FOX, host Chris Wallace noted that the president’s latest executive action on COVID-19 financial relief is “not a tax cut.”

“It’s a payroll tax suspension,” Wallace explained. “Isn’t there a danger that a lot of businesses won’t pass these saving through to workers because they’re going to hold on to the money because at some point, according to this executive action by the end of the year, those payroll taxes are going to be have to be paid anyway?” Continue reading.

Trump’s treasury secretary attacks Axl Rose’s patriotism but mixes up US and Liberian flags

The Guns N’ Roses frontman exchanged words with Steve Mnuchin on Twitter about the Trump administration’s coronavirus response

It has been said that people in glass houses should not throw stones. But that didn’t stop Steve Mnuchin, the US treasury secretary, from shooting straight at Axl Rose yesterday.

The Guns N’ Roses frontman (real name William Bruce Rose Jr) has recently aired his frustrations on Twitter about the Trump administration’s response to the coronavirus. But this time, Rose engaged in a simple bit of name-calling.

To be fair to Mnuchin, the name-calling seemed pretty uncalled for. It’s been at least three days since Mnuchin did something stupid (like encourage US citizens to start traveling domestically during a pandemic); and at least a decade since he practically caused the financial crash. Continue reading.

‘You’re stonewalling about stonewalling!’ Democratic senator tears into Treasury Secretary Mnuchin over his protection of Trump

AlterNet logoDemocratic Sen. Ron Wyden of Oregon grilled Treasury Secretary Steven Mnuchin on Wednesday in a public hearing about how his department has treated requests differently when they’ve come from Democratic and Republican lawmakers.

“One request is backed up by clear, statutory language in tax code section 6103 requiring the ‘shall provide’ tax documents to the committee,” Wyden said, referring to the congressional Democrats’ efforts to obtain President Donald Trump’s tax returns. “The other request doesn’t have the same legal basis, and certainly, to me, it looks political,” he continued, referring to Republicans’ efforts to obtain financial information related to former Vice President Joe Biden’s son, Hunter Biden.

“The request from the Democratic chair, with a firm legal basis, was met with nothing but legal foot-dragging.  The request that came from the Republican chairs got VIP treatment.  They got, you know, a response out the door in a flash. So it looks to me like there’s a double standard here. And that you all are tipping the scales of congressional oversight. What am I missing Mr. Secretary?” Wyden asked. Continue reading.

Trump Lied To Americans About A New Middle-Class Tax Cut

Ahead of the midterm elections, Trump promised voters that he would propose a new tax cut for the middle class. It’s clear that was just another lie.

THEN: Trump promised voters a new 10% tax cut for the middle class.

Trump: “We’re going to be putting in a 10 percent tax cut for middle-income families.”

NOW: Treasury Secretary Steven Mnuchin is admitting Trump’s promise was just an election ploy.

Mnuchin: “I’m not going to comment on whether it is a real thing or not a real thing.”