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WATCH: Treasury nominee Steve Mnuchin promises "the most significant middle-income tax cut since Reagan"

The Treasury secretary nominee also outlined his goals to cut corporate taxes and "scale back regulation"


Brendan Gauthier
November 30, 2016 11:30PM (UTC)

President-elect Donald Trump on Tuesday tapped "Suicide Squad" executive producer Steve Mnuchin to lead the Treasury Department. And he's going to make rich people even richer.

"Our No. 1 priority is gonna be the economy," Mnuchin told reporters in the Trump Tower lobby.

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The former Goldman Sachs investment banker said his Treasury Department would aim for a "very sustainable" 3 percent to 4 percent economic growth. He also promised to "focus on things for the American worker," adding, "That's absolutely our priority."

Mnuchin kept ambiguous the exact "things for the American worker" that he'd "focus on," but later promised "the most significant middle-income tax cut since [former president Ronald] Reagan."

Corporations will also see a tax cut, he said. Among his aims: "Lowering corporate taxes so we make U.S. companies the most competitive in the world, making sure we repatriate trillions of dollars back to the United States."

Asked how his experience on Wall Street and in Hollywood has prepared him for a role in government, Mnuchin noted his prior experience as a regional banker "for the last eight years."

"I know what it takes to make sure we can make loans to small- and mid-market companies," he said. "That's gonna be our big focus — making sure we scale back regulation so that we make sure the banks are lending."

Watch below as he discusses the new administration's priorities:

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Brendan Gauthier

Brendan Gauthier is a freelance writer.

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Related Topics ------------------------------------------

Donald Trump Goldman Sachs Steven Mnuchin Suicide Squad Tax Plan Treasury Secretary




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