Last quote by Steven Mnuchin
Steven Mnuchin quotes
The president does believe in free trade but he wants free and fair trade.
Our objective is getting more balanced trade agreements.
It is not our desire to get into trade wars. The president does believe in free trade but he wants free and fair trade.
Any reductions we have in upper-income taxes would be offset by less deductions, so there would be no absolute tax cut for the upper class.
We'll do that as we have in the past, and we're not making any judgments until we continue that process.
We have a process within Treasury where we go through and look at currency manipulation across the board. And we'll go through that process.
To the extent we think the Export-Import Bank can be competitive in helping small and medium-sized businesses, that's something that is important.
It was not discussed.
Let me first clarify, we are not taking away the charitable deduction and we are leaving the mortgage interest deduction as is. We think those are both very, very important. But what we are going to do is we are looking at other things where the reduction in deductions will offset the rate.
This is something we are studying very carefully. There's certain aspects that the president likes about the concept of a border adjusted tax; there are certain aspects that he's very concerned about.
We have a process within Treasury where we go through and look at currency manipulation across the board. And we'll go through that process. We'll do that as we have in the past, and we're not making any judgments until we continue that process.
We are not touching those now. So don't expect to see that as part of this budget, OK. We are very focused on other aspects and that's what's very important to us. And that's the president's priority.
We have a process within Treasury where we go through and look at currency manipulation across the board. We'll go through that process. We'll do that as we have in the past. We're not making any judgments until we continue that process.
We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan.
I certainly support a form of tax on the border.
We have a process within Treasury where we go through and look at currency manipulation across the board. We'll go through that process. We'll do that as we have in the past. We're not making any judgments until we go continue that process.
The administration is listening to an array of businesses that are concerned about the impact of the tax on their profits. We understand the concerns, we understand where people are, and we're going to have a plan that addresses these concerns.
I think there is a win-win result for us and Mexico on this. We've got to do things that are good for us and good for them.
This is a mark-to-market business and you see what the market thinks.
We think we're going to create significant amounts of growth and that's going to create jobs, create tax revenues. That's going to stimulate the economy.
My guess is that our growth assumptions will be higher than what they use to score the plan.
I think it's going to take time to get there. By the time we pass tax reform, you see the impact on the economy, you see the impact of regulation, it's definitely going to take into next year to see an engine of growth.
We think there are some concerns about it.
We think there's some interesting aspects. We think there's some concerns about it. I think one of the things, you know, we are all committed to do is make sure there is a combined plan that's a plan that is the administration's plan with the support of the House and the Senate ... that we are all working together on one plan that gets passed.
As I've said before, we're primarily focused on a middle-income tax cut and simplification for business. What we are focused [on] is that on the high end, if there are tax cuts, that they are offset with [a] reduction of deductions and other things. So it's something we're going to carefully look at. We haven't finalized the plan, but our objective and what I said before still stands. You know, kind of the devil is in the details when we run the numbers.
We have a process within Treasury where we go through and look at currency manipulation across the board.
This is a mark-to-market business, and you see what the market thinks.
We're in an environment where there's very attractive investment opportunities in the U.S., and I think that's reflective of the administration's goals and what the market thinks of it.
My kids and others have encouraged me to have a new signature, so I've been practicing it so it'll be nice and neat on the money.
I think it's something we should seriously look at. I've already begun to talk to the staff about looking at that. We'll reach out to the market, investors, different people, but I think it's something that is a very serious issue of whether we should explore whether we can raise 50- or 100-year money at a very slight premium. That's something that makes sense for Treasury to look at.
We're not ready to make any formal announcement on whether we're going to have a 50-year or 100-year.
There's trillions of dollars offshore that will come back, and this will create jobs (and) this will create investment and we need to make sure our U.S. businesses are competitive.
We are committed to pass tax reform. It's going to be focused on middle income tax cuts, simplification and making (the U.S.) business tax competitive with the rest of the world, which has been a big problem. We have underperformed where we need to be. We believe we can be competitive and get back to sustainable growth of 3 percent or more. We think there are some very interesting aspects of it. We think there are some concerns about it. We're working behind the scenes very carefully. We're running a lot of numbers and we're taking into account a lot of issues.
We are committed to tax reforms.
We're reaching out to business, not just big business but small- and medium-sized businesses also, and we're listening to what people have to say.
We understand the concerns, we understand where people are, and we're going to have a plan that addresses these concerns.
We want to get this done by the August recess. We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan.
We're looking at significant economic changes.
A bright line between commercial and investment banking, although less complicated, may inhibit the necessary lending and capital markets activities to support a robust economy.
As Chair of FSOC I would plan to address the issue of the definition of the Volcker Rule to make sure that banks can provide the necessary liquidity for customer markets and address the issues in the Fed report.
If confirmed, I intend to review the issue of Chinese currency manipulation. Currency manipulation is a serious infraction of free trade principles and needs to be effectively addressed. As Treasury Secretary, I will ensure that we defend American jobs by combating currency devaluation utilizing the reporting and monitoring functions of the Treasury and legislative processes established by Congress.
The U.S. currency has been the most attractive currency to be in for very long periods of time. I think that's important, and I think you see that now more than ever.
I think most people acknowledge NAFTA was negotiated a long time ago, that we should reopen this agreement.
I did not use a Cayman Island entity in any way to avoid taxes for myself. There was no benefit to me.
I believe (Fannie Mae and Freddie Mac) are very important entities to provide the necessary liquidity for housing finance. But we need housing reform. We should not just leave Fannie and Freddie as is for the next four years under government control without a fix.
The president-elect has made it very clear that he would only change those sanctions if he got, quote, a better deal and we would get something in return.
We believed in loan modifications, and we were financially incented to (provide) them when we could.
I can assure that as chairman of the bank, I took these issues very seriously. There were mistakes. We regret those mistakes. We had hundreds of thousands of delinquent loans.
That was a terrible situation. We worked very, very hard to move her to another home that they could afford.
To the extent there were any errors, I am sorry for that.
Since I was first nominated to serve as Treasury secretary, I have been maligned as taking advantage of others' hardships in order to earn a buck. Nothing could be further from the truth.
On the contrary, I was committed to loan modifications intended to stop foreclosures. I ran a 'Loan Modification Machine.' Whenever we could do loan modifications, we did them.
Unfortunately, not all of the homes could be saved through these programs, and despite my best efforts, some were, sadly, subject to foreclosure.
What I've really been focused on is being a regional banker for the last eight years. I know what it takes to make sure that we can make loans to small and midmarket companies and that's going to be our big focus, making sure we scale back regulation so that we make sure the banks are lending.
We'll cap the mortgage interest, but we'll allow some deductibility.
When we work with Congress and go through this, it will be very clear. This is a middle-income tax cut. And the child-care credit is a big aspect of this.
We're in a period of low interest rates. I think we'll stay there. They've come up a little bit, which I think makes sense.
We'll look at potentially extending the maturity of the debt because eventually we are going to have higher interest rates.
We'll look at potentially extending maturity of the debt because eventually we're going to have higher interest rates.
Have come up a little bit, which I think makes sense.
Our most important priority is sustained economic growth, and I think we can absolutely get to sustained 3 to 4 percent GDP, and that is absolutely critical for the country.
There will be no absolute tax cut for the upper class. Any tax cuts we have for the upper class will be offset by less deductions that pay for it.
We've been in the business of regional banking and we understand what it is to make loans. That's the engine of growth to small- and medium-sized businesses.
In addition to simplifying the law, we want to strip back parts of Dodd-Frank that prevent banks from lending.
There will be 'no absolute tax cut for the upper class.
By cutting corporate taxes, we're going to create huge economic growth and we'll have huge personal income, confirming he has been tapped for treasury secretary.
Any reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class.
By cutting corporate taxes, we're going to create huge economic growth and we'll have huge personal income.
We're thrilled to work for the president-elect and honored to have these positions.
We are very focused on lowering business taxes, making sure that U.S. corporations are competitive around the world, bringing back cash from all around the world that's sitting offshore and I think the American public is focused on that.
I'd say the economic priorities are clearly taxes, regulatory, trade, infrastructure.
We've been fundraising for two months and she's been fundraising for 20 years.
We target to raise at least a million dollars per event. Clinton does a lot of smaller events – we don't do that.
An investment in Donald Trump is an investment in our future with economic growth, job creation, and financial and physical security for all Americans.
We had no fundraising effort whatsoever, and in five weeks with very broad support, you see how we're doing.
This campaign and this election is all going to come down to two things: national security and the economy. I'm absolutely convinced he has plans on both to make this country great.
Donald financed the campaign ahead of time, so there was no reason to have extra cash in the bank.
We've really ramped up the effort this month. We've had some successful events in New York ... [and] those events have raised approximately $10 million in conjunction with the RNC.
[Trump] loaned $50 million to the campaign. He's now forgiven that loan. So that is a contribution. [Trump] has also said he will contribute significantly more money.
We just forgave the loan this week.
They're not going to replace [Lewandowski], per se. Paul is overall managing the strategy of the campaign. The campaign is in transition and growing.
We've done about $6 million. [In] the first email that went out Monday, Donald matched $2 million online.