Jack Lew - U.S Treasury


Last quote by Jack Lew

It would be good if we could do revenue-neutral tax reform that lowers the rates by cutting loopholes – and paying for it. How you do it really matters. I'm a big believer we should get rid of the junk in the tax code, lower the statutory rates, have a system that's more competitive. I worry about that the choice right now, because it's so hard, it's technically harder and even politically harder.feedback
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Sep 07 2017
Find all of Jack Lew’s quotes that have been published in 59 different articles on this page. Jack Lew’s quotes are organized by date and topic, making it easy for you to compare, for example, what Jack Lew has said both recently, and in the past, on a variety of topics. Some of the topics Jack Lew likes to comment on include U.S. and United States. Most recently, Jack Lew said, “I personally would find that a very, very difficult thing to go back to.”.
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Jack Lew quotes

Oct 31 2016

From conversations I've had with Democrats and Republicans, I believe that there is a broad, growing consensus behind the kind of structure that I just described.feedback

Oct 14 2016

The Treasury Department has worked to break down economic barriers in areas such as travel, trade and commerce, banking, and telecommunications. Today's action builds on this progress by enabling more scientific collaboration, grants and scholarships, people-to-people contract, and private sector growth. These steps have the potential to accelerate constructive change and unlock greater economic opportunity for Cubans and Americans.feedback

Oct 14 2016 - Wall Street

We saw in 2007 to 2008 how bad consumer practices could actually accumulate and contribute to a financial crisis. We need to protect consumers and we also need to protect the financial system, and we shouldn't be rolling back Wall Street reform.feedback

Oct 14 2016

I think when the rule is studied, it will be clear that this is meant to get at egregious tax behavior, not at normal business practices.feedback

Oct 13 2016

In the absence of congressional action, however, it is Treasury's responsibility to use our authority to protect the tax base.feedback

Oct 13 2016

We have taken a series of actions to make it harder for large foreign multinational companies to avoid paying U.S. taxes and reduce the incentives for U.S. companies to shift income and operations overseas. Such tax avoidance practices are wrong and should be stopped.feedback

Oct 08 2016

We must not close ourselves off to the world, but rather redouble our commitment to ensuring shared growth.feedback

Oct 07 2016

In general, we've seen exchange rates behaving in a stable way globally responding to macro-economic movements.feedback

Oct 07 2016

There are more tools that could be used to help stimulate global growth.feedback

Oct 07 2016

Based on our own experience, it takes some time to find out why such movements occur.feedback

Oct 07 2016

From China to Canada ... we are seeing more willingness.feedback

Oct 07 2016

I continued to press for all tools to sustain growth.feedback

Oct 07 2016

We have been clear that Europe has not done as much as the U.S. and sometimes doing more is better.feedback

Oct 06 2016

We need to use all the policies that we have.feedback

Sep 29 2016 - IMF

Being part of the SDR basket at the IMF is quite a ways away from being a global reserve currency.feedback

Sep 26 2016

To accelerate the process of sharing tax data on Argentine residents in the United States, Treasury and Argentina?s tax agency will immediately begin assessing Argentina?s preparedness to receive such information and to explore steps to expedite the process.feedback

Sep 22 2016

We're not seeing problems arising in the market where funding needs can't be met.feedback

Sep 22 2016

We have been monitoring the flow of funds and I don't think the impact we've seen is as dramatic as what you're describing.feedback

Sep 13 2016

The pattern of behavior that we've seen here is something that needs to stop. It is not acceptable to do things that are designed to increase either individual or firm bottom lines by deceiving customers or passing along charges that are either invisible or they don't know about.feedback

Sep 13 2016

I have not dissected any of the campaign proposals. I'm not doing politics in my current life.feedback

Sep 13 2016

This ought to be a moment where people stop and remember how dangerous the system is when you don't have the proper protections in place. This is a wake-up call and should remind all of us that culture and compensation make a difference. How you reward people, how you motivate people and what values you hold people to matters.feedback

Sep 13 2016

How that flows through in terms of next consequences is going to depend on the facts of the case.feedback

Sep 13 2016 - Trans Pacific Partnership

The TPP on its face should be a clear plus. And we're going to continue making that case.feedback

Sep 13 2016

We have to show that the benefits of growth get to working people, globally.feedback

Sep 13 2016

The combination of the relatively high U.S. corporate rate, our complicated system for taxing multinational businesses, and our aging infrastructure has encouraged and facilitated the erosion of our tax base and made America a less attractive place to do business.feedback

Sep 12 2016 - Nuclear weapons

North Korea is an enormous challenge and we will do everything we can to keep the pressure on them. We will continue to sharpen financial tools as we can. The goal is to change the (North Korean nuclear weapons) policy.feedback

Sep 12 2016 - Sanctions

I think sanctions have effectively cut North Korea off from the global economy.feedback

Sep 12 2016

We've seen no sign of a change in policy.feedback

Aug 31 2016

He saw Europe's effort as "an attempt to reach in to the U.S. tax base to tax income that ought to be taxed by the United States.feedback

Aug 31 2016 - G20

There are very real concerns about globalization and technology, but the answer cannot be to close ourselves off.feedback

Aug 31 2016 - European economy

We think that it undermines the environment in Europe for international business because it creates uncertainty that ultimately will not be good for the European economy.feedback

Jul 24 2016

Overall, the general sense was that the outlook remains uncertain. There is now broad consensus that what the global economy needs is growth – not austerity – and the discussions here have focused on how best to achieve that outcome.feedback

Jul 22 2016

I don't think this is a moment that calls for the kind of coordinated action that occurred during the Great Recession in 2008 and 2009. It really is a moment where we each need to do what we can to ensure that where growth is soft it gets stronger and that prospects for the medium- and long-term are improved.feedback

Jul 21 2016 - Greece

The fact that we are sitting here now in July and the world is not worried about an immediate crisis in Greece is a good thing. But it does not mean that the issue is once and for all resolved and that is what the discussion in the coming months I think will need to be about.feedback

Jun 29 2016

The council will remove a designation when that company no longer poses risks to U.S. financial stability. When it identifies a company that could threaten financial stability, it acts; when those risks change, the council also acts.feedback

Jun 29 2016

The fact that this works and it gives Puerto Rico the ability to move forward is just an overwhelming reason to pass this in a timeframe that prevents the descent into chaos.feedback

Jun 28 2016

Any separate negotiation with the U.K. will have to take a course in part determined by what happens between the U.K. and EU. So it is, I think, very much in the interest of all parties to maintain open trade relationships. The U.S. and the UK have a special, deep relationship that will continue.feedback

Jun 27 2016

There's no question that this is an additional headwind, but I think that it is something that we can manage through and Europe and the UK can manage through.feedback

Jun 27 2016

We have resilience built into our economy, but we're not cut off from the world.feedback

Jun 27 2016

It's been an orderly impact so far.feedback

Jun 27 2016 - Trans Pacific Partnership

The U.S. and the U.K. have a special, deep relationship that will continue. I think TPP is profoundly in the interest of American workers and the U.S. economy. It would promote a level playing field. I think it would be a big mistake [now] to step away from the world.feedback

Jun 27 2016

We respect the decision of the voters in the U.K. and will work closely with London, Brussels and our international partners to ensure continued economic stability, security and prosperity in Europe and globally.feedback

Jun 08 2016 - RMB

The ability to do RMB transactions in the United States will be a real advantage, to small firms in particular and to large businesses that are not financial businesses. It will make it easier, it will make it cheaper.feedback

Jun 07 2016

Our two governments have a responsibility to foster conditions that facilitate continued and increased investment, trade, and commercial cooperation.feedback

Jun 06 2016

Excess capacity has a distorting and damaging effect on global markets. Implementing policies to substantially reduce production in a range of sectors suffering from overcapacity, including steel and aluminum, is critical to the function and stability of international markets.feedback

Jun 06 2016

The United States stands ready to advance the ongoing bilateral investment treaty negotiations provided that China is prepared to move forward in negotiating a high-standard and mutually beneficial agreement.feedback

Jun 05 2016

Excess capacity ultimately is corrosive of an economy's efficiency. It means you have misallocation of resources, it means that ultimately, the only way to clear the market is to sell things at a price that is below what the world market price would otherwise be.feedback

Jun 04 2016 - RMB

China's intervention in the last year has not been to devalue but it's been largely to support the RMB. I think the test of whether China's moved decisively in an orderly way to a more market-oriented exchange rate is whether they're willing to tolerate movement in both directions.feedback

May 21 2016

Over the past few days, I have emphasized the importance of reaffirming our exchange rate commitments, including our agreement to consult closely with one another and to refrain from competitive devaluation.feedback

May 21 2016

Obviously Japan has to make its own judgment on the course to take. But the critical consideration has to be not to put drag on the economy.feedback

May 10 2016

That doesn't mean all debt is equal. We've never said the pensions should be made senior to all debt, but there does have to be a balancing and at the end of the day you're going to have to have a functioning economy. That's why an oversight board ought to have the discretion to make the trade-off decisions.feedback

May 10 2016

There has been progress. This is a good-faith effort to try and resolve the differences. There are pressures on Congress that every time they move in the right direction, pull it back a bit. This is not going to be a solution that anyone thinks is perfect.feedback

May 10 2016

This is the alternative to a bailout. We have been very clear that it's not one size fits all. We understand that there is constitutional protected debt, we understand there are secured and unsecured creditors. We understand where pensions fit in the hierarchy without any legislation.feedback

Apr 20 2016

We did this the old fashioned way, we said we were going to listen to the American people and we did. We heard a lot of commentary that a woman should be on the $20, not the $10.feedback

Apr 18 2016

We need to act to deal with tax shelters and the problem of international tax system permitting havens to develop.feedback

Apr 16 2016 - G20

Japan should deploy a flexible fiscal policy in the near term that provides a supportive fiscal impulse, while accelerating the implementation of structural reforms, including labour market reforms and opening the service sector to increased competition.feedback

Apr 16 2016 - G20

Tax evasion and tax avoidance hurt government budgets, reduce the equity of our tax systems and hinder global growth.feedback

Apr 16 2016 - G20

In addition, we are about to propose a regulation that would require the beneficial owners of single-member limited liability companies to identify themselves to the Internal Revenue Service, thus closing a loophole that some have been able to exploit.feedback

Mar 30 2016

They are viewed even by some of our closest allies as extra-territorial attempts to apply U.S. foreign policy to the rest of the world.feedback

Mar 15 2016

Today's steps build on the actions of the last 15 months as we continue to break down economic barriers, empower the Cuban people and advance their financial freedoms, and chart a new course in US-Cuba relations.feedback

Jan 15 2016

In order to assist the 3.5 million Americans living in Puerto Rico, Congress must pass legislation for the president to sign into law by the end of March.feedback

Jan 15 2016

I want to be clear: I am not seeking a hand-out for Puerto Rico, but rather a hand-up. I am not asking for special treatment, but rather for equitable treatment.feedback

Jan 16 2015

Today's announcement takes us one step closer to replacing out-of-date policies that were not working and puts in place a policy that helps promote political and economic freedom for the Cuban people.feedback

Apr 12 2014

The purpose is to make it clear to Russia that they need to step back.feedback

Dec 10 2013

This important chapter in our nation's history is now closed.feedback

Mar 19 2013

We also need to continue to work together to reduce barriers to trade and investment between our two countries, because greater trade and investment will be good for both of our economies.feedback

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