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News Monday, May 1 2017

Mnuchin Translates: "Jobs plan" is Trump Speak For Selling Out the Middle Class

May 01, 2017

“Donald Trump has turned his back the middle-class by pursuing an agenda that benefits the wealthiest Americans while selling-out everyone else. Secretary Mnuchin’s remarks were nothing more than extension of that sad reality — this administration has no jobs agenda, just a vague plan to cut taxes for the rich at everyone else’s expense. Case in point: Mnuchin also bragged about big banks prospering thanks to Trump. The White House’s entire economic agenda is a giant con,” said American Bridge spokesperson Andrew Bates.  

Axios: Treasury Sec. Mnuchin: Tax plan is our jobs bill
Treasury Secretary Steve Mnuchin today positioned the White House’s tax proposal as something much broader than taxes, while speaking at the Milken Global Conference in Los Angeles: This is our version of a jobs bill.  Mnuchin also continued to express confidence that major business and personal tax cuts could be paid for by increased economic growth, although he cautioned that Administration estimates of 3% GDP growth wouldn’t be achieved until two years after tax reform becomes law. For context, U.S. GDP was just 0.7% in Q1 2017.

Washington Examiner: Mnuchin: ‘Thank me’ for soaring bank stocks
Treasury Secretary Steven Mnuchin took credit for elevated bank stocks Monday, telling a conference that included many in the finance industry to thank the Trump administration for advancing regulatory and tax reform.  “You should all thank me for your bank stocks doing better,” Mnuchin told the audience at the Milken Institute Global Conference in Los Angeles.

Published: May 1, 2017

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