Tag Archives: Steven Mnunchin

After Being Told He’s ‘Full of Sh*t’ at School Event, Mnuchin Demands UCLA Suppress Video

In addition to being called out on his “plutocratic BS,” students in attendance attacked the Treasury chief’s record of foreclosing on tens of thousands of Americans

By Jake Johnson, staff writer for CommonDreams. Published 3-1-2018

After a short lecture, Treasury Secretary Steven Mnuchin spoke with Marketplace host Kai Ryssdal at the UCLA Burkle Center for International Relations in Los Angeles. (Photo: UCLA)

Trump Treasury Secretary and former Goldman Sachs banker Steve Mnuchin isn’t accustomed to facing direct challenges to his wild economic claims or protests over the GOP tax plan he helped craft, and after experiencing both during an event at UCLA’s Burkle Center on Monday, Mnuchin demanded that video of his appearance be suppressed.

According to the Wall Street Journal, Mnuchin complained to the audience that he usually only talks to “people who wanna listen to me speak” after students and others attending the event yelled out “I think you’re full of shit” and denounced the Republican tax bill as an attack on “people who are in poverty.” Continue reading

Share

‘Truly Dumb’: Why $2.4 Trillion Corporate Tax Cut Will Not Magically Pay for Itself

Economists and tax experts push back against White House reported plan to slash corporate rate by 60 percent

By Jon Queally, staff writer for Common Dreams. Published 4-25-2017

“Not to put too fine a point on it, this is false” writes Jared Bernstein in response to claims by Trump’s Treasury Secretary claims that $2.4 trillion corporate tax cut will magically pay for itself. (Photo: Timothy Krause/cc/flickr)

With reports that President Donald Trump wants to slash the corporate tax rate by 60 percent and Treasury Secretary Steven Mnuchin claiming widespread cuts for the nation’s wealthy and powerful will magically pay for themselves, progressive economists and tax experts are issuing early warnings that this is simply the latest attempt by Republicans to pull the wool over the eyes of average American taxpayers.

With more details expected during an offical White House announcement on Wednesday, numerous outlets have already reported that Trump will tout cutting the corporate tax rate from its current 35 percent down to an even more paltry 15 percent. As is well known and repeatedly documented, even the 35 percent official rate is largely a mythical number that few U.S. corporations actually pay. Continue reading

Share

In Latest Populist Betrayal, Trump Executive Order Unchains Wall Street Greed

Orders signed Friday are ‘nothing more than special favors for the same Wall Street banks that crashed our economy in 2008 and put millions of Americans out of work’

By Deirdre Fulton, staff writer for Common Dreams. Published 4-21-2017

Photo: YouTube

In yet another Wall Street giveaway, President Donald Trump on Friday afternoon took executive action to chip away at Dodd-Frank financial regulations and roll back rules aimed at reducing corporate tax avoidance.

Lisa Gilbert, vice president of legislative affairs for watchdog group Public Citizen, described the orders signed Friday at the Treasury Department as “nothing more than special favors for the same Wall Street banks that crashed our economy in 2008 and put millions of Americans out of work.” Continue reading

Share

‘Spectacular Betrayal’ as Trump Hands Economy ‘Back Over to Wall Street’

‘The Wall Street bankers against whom Trump ran are making policy now,’ says Public Citizen

By Deirdre Fulton, staff writer for Common Dreams. Published 2-3-2017

Executive orders seen as “a cave-in to the power of Wall Street and the financial lobby.” (Photo: Dave Center/flickr/cc)

President Donald Trump is handing the U.S. economy “back over to Wall Street” on Friday, with a regulatory rollback that critics say could put consumers and the financial system at risk.

According to the Wall Street Journal, Trump signed executive orders Friday “establish[ing] a framework for scaling back the 2010 Dodd-Frank financial-overhaul law” and rolling back an Obama-era regulation requiring advisers on retirement accounts to work in the best interests of their clients. That rule was set to go into effect in April. Continue reading

Share

Fears Grow that Rule of Trump Will Suppress Rule of Law Under Sessions

After Trump fires acting attorney general over refusal to enforce Muslim ban, Sessions described as “intellectual godfather…of Trump’s hard-line actions”

By Lauren McCauley, staff writer for Common Dreams. Published 1-31-2017

Jeff Sessions. Photo: Screenshot (CNN)

Updated 2pm EDT:

Democrats on the Senate Judiciary Committee invoked a procedural move called the two-hour rule—which, according to The Hill, prevents “holding committee meetings beyond the first two hours of the Senate’s day”—to push the attorney general vote until Wednesday.

The move stalls the controversial confirmation of Sen. Jeff Sessions and came at the same time that Democrats on the Senate Finance Committee boycotted hearings for Treasury Secretary nominee Steven Mnuchin and Rep. Tom Price’s nomination to be secretary of health and human services, forcing Republicans to reschedule both votes. Continue reading

Share

Actually, Goldman Sachs ‘Hacked’ the Presidential Election

By Carey Wedler. Published 1-13-2017 by The Anti-Media

As the media continues to parrot American intelligence agencies’ as-of-yet unsubstantiated claims that Russia hacked the U.S. election, there is far more evidence to implicate an equally dangerous infiltrator: Goldman Sachs.

The infamous banking company, which was widely implicated in the 2008 economic crash, appears to have come out on top in the most recent U.S. presidential election.

On one hand, Goldman Sachs was hedging its bets on a Hillary Clinton victory. Considering the banking monolith was one of her top donors — and that she received harsh criticism for accepting hundreds of thousands of dollars in speaking fees from the firm — it’s clear the powerful financiers had every intent of influencing the election and politics in general. Continue reading

Share