Steven Mnuchin

speaker

76 appearances 1 recordings 1 series first heard Nov 2017 last heard Nov 2017

Steven Mnuchin’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Special Coverage: Mnuchin Says 20% Corporate Tax Is Firm · 14 Nov 2017 podcast

When I left New York City, I didn't think I could ever go anywhere that had higher taxes.

I moved to California only to find out that they raised them.

Look, I think the issue here is fundamentally we believe that the federal government should get out of the business of subsidizing the states.

And that's really what this is about.

And having said that, what we are determined, and we've literally run hundreds and hundreds of examples, that if you're in New York, you're in New Jersey, I was in New Jersey today, or you're in California, that for a median income of

$75,000 a family of four, you're going to get a tax cut that's over $1,000.

For someone who makes $300,000, you're going to get a tax cut, even in the high tax states, of several thousand dollars.

And for someone who makes a million dollars in the high tax states, you are going to get an increase.

But those people will get the benefit of lower business taxes.

And, you know, as the president said, this is not about cutting taxes for rich people.

This is about middle income tax cuts and making our business taxes competitive.

But we want to make sure that people in these states that are middle income people do have tax cuts.

I'm very supportive of the president's decision to pick him.

I can't comment on my private discussions with the president.

It was the president's decision.

I think he made a great choice.

Why didn't Janet Yellen get the job?

Again, I'm not going to comment on, you know, I obviously was involved in working with the president.

I'm not going to comment on the specifics of why he made this choice.

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