Steven Mnuchin

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Last quote by Steven Mnuchin

Through a combination of tax reform and regulatory relief, this country can return to higher levels of G.D.P. growth, helping to erase our fiscal deficit.feedback
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Oct 20 2017
We found 285 articles in which Steven Mnuchin said something. The most recent Steven Mnuchin’s quote is: “When we work with Congress and go through this, it will be very clear: This is a middle-income tax cut.”. In addition, all sources we refer have quoted Steven Mnuchin 400 times. On this page, you will find all of Steven Mnuchin’s quotes organized by date and topic.
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Steven Mnuchin quotes

Oct 12 2017

The president made it clear that he wants 20 percent. That's the one part of this bill that's not negotiable.feedback

Oct 12 2017

We can't have the federal government continue to subsidize the states. That's a major loophole that we're trying to close in simplifying taxes.feedback

Oct 12 2017

That's one of the issues that people talk about. I understand the issue very well. I've lived in New York and California.feedback

Oct 12 2017

The president has made it clear. He wants 20 percent. That's the one part of this bill that's not negotiable.feedback

Oct 06 2017

The U.S. has experienced slow economic growth for far too long. By streamlining the regulatory system, we can make the U.S. capital markets a true source of economic growth which will harness American ingenuity and allow small businesses to grow.feedback

Oct 02 2017 - American politics

I don't think it's fair that a bunch of other states are subsidizing New York and California.feedback

Oct 02 2017

You can't make guarantees because every single person's taxes are different. People take advantage of different things, so we can't make that guarantee. But we can say that's our objective and that's what we're working to, and we want to protect the middle class.feedback

Oct 01 2017 - Republican Party

The objective of the president is that rich people don't get tax cuts. As the president has said all along, the changes to the income tax system are meant to create middle-income tax cuts and also make corporate and business tax competitive so we can bring back tons and tons of jobs and capital to this country.feedback

Oct 01 2017 - Republican Party

We believe there will be $2 trillion of additional growth, so under our plan we believe that it will cut the deficit by $1 trillion, and that's what we're focused on. We fundamentally believe we can get back to 3% sustained GDP or higher.feedback

Oct 01 2017

The objective of the president is that rich people don't get tax cuts and we are perfectly comfortable, as we go through this process, we will explain to the American public how this works.feedback

Oct 01 2017

I never said it was a mistake. It was approved by the White House and there were reasons why we needed to use that plane that are completely justifiable and we look forward to the IG report.feedback

Oct 01 2017

On a static basis, our plan will increase the deficit by a trillion and a half. Having said that, okay, you have to look at the economic impact. There's $500 billion that's the difference between policy and baseline. That takes it down to a trillion dollars. And there's $2 trillion of growth. So with our plan, we actually pay down the deficit by $1 trillion. And we think that's very fiscally responsible.feedback

Oct 01 2017

I think the mayor's comments were unfair, given what the federal government has done. I haven't been there, but I've been almost on daily calls monitoring what's going on with the rest of the cabinet. I think FEMA's done a terrific job, given a very difficult situation. When the president gets attacked, he attacks back. The objective is not to give an income tax cut to the wealthy. The objective is a middle income tax cut.feedback

Oct 01 2017

The president has been very clear. And I've been clear from the beginning. Our objective is not to create tax cuts for the wealthy. Our objective is about creating middle-income tax cuts.feedback

Sep 29 2017

We think this tax plan will cut down the deficits by a trillion dollars. That's a large number.feedback

Sep 29 2017

This action demonstrates our commitment to act decisively to remove any designation if a company does not pose a threat to financial stability.feedback

Sep 28 2017

We've been very involved in figuring out how we can get major amounts of cash to Puerto Rico. I can tell you we've made two giant cash shipments and in times like this we want to make sure that ... people have cash and the economy continues to function.feedback

Sep 28 2017 - Republican Party

I can assure you there will be nobody who was in the 10% [bracket] who will be paying higher taxes.feedback

Sep 28 2017 - Republican Party

Not only will this tax plan pay for itself, but it will pay down debt.feedback

Sep 28 2017 - Republican Party

We're talking about income taxes. Obviously if we change the estate tax, that has a different distributional [effect]. But it's the president's objective that income taxes will not be a cut on the wealthy.feedback

Sep 27 2017 - American politics

If you're an accountant firm and that's clearly income, you'll be taxed an income rate, you won't be taxed a pass-through rate. If you're a business that's creating manufacturing jobs, you're going to get the benefit of that rate because that's going to be passed through to help create jobs and better wages.feedback

Sep 26 2017

People in Kentucky took this stuff very seriously. Being a New Yorker, I don't have any interest in watching the eclipse.feedback

Sep 25 2017

This is a job. And the employers have the right, when the players are working, to have rules.feedback

Sep 24 2017 - North Korea

The president doesn't want to be in a nuclear war and we will do everything we can to make sure that doesn't occur. On the other hand, the president will protect the American people and our allies.feedback

Sep 24 2017 - Obamacare

We're about fixing Obamacare. It's broken and it requires people to do a lot of things that they shouldn't be forced to do.feedback

Sep 22 2017 - North Korea

Foreign financial institutions are now on notice that going forward they can choose to do business with the United States or with North Korea, but not both.feedback

Sep 22 2017

Any plan we put forward we believe should be paid for with economic growth. I am concerned as to whether some of the models will attribute enough growth in dynamic scoring, but when we present the details, we will present how we think it should be paid for.feedback

Sep 21 2017 - Sanctions

We call on all countries around the world to join us by cutting off all financial ties to North Korea to bring about a denuclearized Korean peninsula.feedback

Sep 21 2017 - North Korea

This new executive order will authorize Treasury to impose a range of sanctions such as suspending U.S. corresponding account access to any foreign bank that knowingly conducts or facilitates significant transactions tied to trade with North Korea.feedback

Sep 17 2017

The CFIUS process focuses exclusively on identifying and addressing national security concerns.feedback

Sep 14 2017

I didn't use a government plane on my honeymoon.feedback

Sep 14 2017

We have a unified plan.feedback

Sep 14 2017

Our objective is for them not to have an income tax reduction.feedback

Sep 13 2017 - Trump Presidency

It will be revenue neutral under our growth assumptions. We can pay for these tax cuts with economic growth.feedback

Sep 13 2017 - Trump Presidency

CFIUS and the president assess that the transaction poses a risk to the national security of the United States that cannot be resolved through mitigation.feedback

Sep 13 2017

We are working with all of the intelligence agencies on cyber issues to keep Americans safe.feedback

Sep 13 2017

There clearly is going to be an impact on GDP in the short run. We will make it up as we rebuild. That will help GDP.feedback

Sep 13 2017

I am concerned about the global financial system and keeping it safe.feedback

Sep 12 2017 - Trump Presidency

We're going to get this done by the end of the year.feedback

Sep 12 2017

I think public/private partnerships on cyber is critical, as this is not something that the private sector can do alone and it's not something the government can do alone. It's complicated. Our number one concern is making sure that the data is safe and we are working with the industry. I'm concerned about the global financial system and keep it protected. I can assure you that we are working with all of the intelligence agencies on cyber issues to keep Americans safe.feedback

Sep 12 2017 - Trump Presidency

I know this issue is incredibly important to everybody in this room. It's less important to the American public and [less important than] creating jobs.feedback

Sep 12 2017 - Trump Presidency

I'm hopeful we can size that so that it doesn't hurt New York and California, they may not get a tax decrease.feedback

Sep 12 2017

I would say there clearly is going to be an impact on GDP in the short run. We will make it up in the long run. As we rebuild, that will help GDP. So, I think it's too early to tell what the exact estimates will be, but I think it won't have a bad impact on the economy.feedback

Sep 12 2017

The president wanted to be very clear. We needed to make sure we got the money to the states so they could protect citizens and property, which was the most important issue, and we accomplished that. The first payment is a down payment. We'll see what we need to spend more. But the president will make sure that whatever the federal government needs to contribute to this, we will do so.feedback

Sep 12 2017 - Federal Reserve

I'm working closely with the president on the issue. He hasn't made any decisons and that's one of the things he's still considering.feedback

Sep 12 2017 - Federal Reserve

Let's me just say, you know I appreciate working with him.feedback

Sep 12 2017 - Federal Reserve

There's a lot of good people. The chair is obviously quite talented, and she's being considered, but there's a lot of great people that we've been meeting with and considering as well.feedback

Sep 12 2017

I'm hopeful that they'll get a slight decrease in federal government [taxes] which will offset what they will lose on the state deductions. I'm hopeful in these states that taxes don't go up. So we'll have a slight rate decrease on the high end to offset the deductions. And I'm hopeful we can size that so that it doesn't hurt New York and California.feedback

Sep 12 2017

I can't speak to the specifics.feedback

Sep 12 2017 - Trump Presidency

There is no question that the stock market has expectations that we're going to get tax reform done. The stock market has expectations we're going to create significant growth.feedback

Sep 12 2017

Ideally, he'd like to get it down to 15 percent. I don't know if we'll be able to achieve that given the budget issues, but we're going to get this down to a very competitive level.feedback

Sep 12 2017 - Trump Presidency

Congress has every right to control spending. If ultimately the government shuts down, which would not be a good thing, that's their right if they can't agree on a debt ceiling.feedback

Sep 12 2017 - North Korea

We could have done a one-year deal on the debt ceiling.feedback

Sep 12 2017 - American politics

The president is absolutely a Republican. The president reached out to Democrats and showed that he could get things done on a bipartisan basis. And I think that's important.feedback

Sep 12 2017

I don't know if we'll be able to achieve that given the budget issue.feedback

Sep 12 2017 - Trump Presidency

I don't know if we will be able to achieve that. The good news is we have over 100 people at Treasury working on this.feedback

Sep 12 2017 - Trump Presidency

If we can't get 60 votes, we're prepared to use reconciliation to get it done.feedback

Sep 07 2017

We're very happy we have a deal. The president's priority was to make sure we have the funding for Harvey and to make sure we raise the debt limit to pay for that. We've accomplished that.feedback

Sep 07 2017

The major blueprint has been outlined. The [congressional] committees will add to parts of this.feedback

Sep 07 2017 - Republican Party

I'm not worried about any GOP revolt at all.feedback

Sep 07 2017

It's still very viable to get it done this year. We have a path to get this done this year, and we're still very hopeful that we can get it done.feedback

Sep 07 2017 - Trump Presidency

We have a plan. The plan's being socialized with members. Our expectation is it will be in the (congressional) committees later this month.feedback

Sep 07 2017 - Trump Presidency

The president wasn't willing to give up his need for additional military spending.feedback

Sep 07 2017 - Trump Presidency

Our No. 1 priority was getting funding for Harvey. To get the funding for Harvey, we needed to extend the debt limit.feedback

Sep 07 2017 - United Nations

I have an executive order prepared. It's ready to go to the president. It will authorize me to stop doing trade, and put sanctions on anybody that does trade with North Korea. The president will consider that at the appropriate time once he gives the U.N. time to act.feedback

Sep 07 2017 - Deportation

The best part about this is this clears out the next 90 days for us to focus on important things. So we have the funding for Harvey, we're focused on tax reform. That's going to be the big priority for the next 90 days.feedback

Sep 05 2017

Our first priority is to make sure that the state gets money. It is critical, and to do that we need to make sure we raise the debt limit.feedback

Sep 04 2017 - American politics

At this point, we need to put politics aside.feedback

Sep 03 2017

Without raising the debt limit, I am not comfortable that we will get money to Texas this month to rebuild.feedback

Sep 03 2017 - North Korea

If countries want to do business with the United States, they obviously will be working with our allies and others to cut off North Korea economically.feedback

Sep 03 2017 - Trump Presidency

The president has made clear that where we have trade deficits with countries, we're going to renegotiate those deals.feedback

Sep 03 2017 - North Korea

There's a lot we can do to cut them off economically, much more than we've done.feedback

Sep 01 2017 - Trump Presidency

At the end of the day, I just want it raised.feedback

Aug 31 2017

We obviously have now the hurricane spending, which is an issue. So that's going to have some impact on our September spending.feedback

Aug 31 2017

I am very confident we will get this raised.feedback

Aug 31 2017

Obviously, the short-term issues of the dollar have both positive and negative impacts for different parts of the economy. Obviously, as it relates to trade, having a weaker dollar is somewhat better for us.feedback

Aug 31 2017

I do think over long periods of time, the dollar's strength is an indication of the reserve currency and the confidence people have in the U.S. economy.feedback

Aug 31 2017

The No. 1 issue why we change the currency is to stop counterfeiting. So the issues of what we change will be primarily related to what we need to do for security purposes. I've received classified briefings on that. And that's what I'm focused on for the most part.feedback

Aug 31 2017

Ultimately we will be looking at this issue. It's not something I'm focused on at the moment.feedback

Aug 31 2017 - Trump Presidency

It's not a 100-page bill with every single detail. I don't believe in prioritization. We should pay the government's bills when they're due.feedback

Aug 31 2017 - Trump Presidency

It doesn't change the ultimate problem that the government needs to raise the debt ceiling.feedback

Aug 31 2017

We are working on a lot of things together with the Fed and see many aspects of [regulation] the same way.feedback

Aug 27 2017 - Trump Presidency

The president in no way, shape or form believes that neo-Nazi and other hate groups who endorse violence are equivalent to groups that demonstrate in peaceful and lawful ways.feedback

Aug 25 2017 - Sanctions

Maduro may no longer take advantage of the American financial system to facilitate the wholesale looting of the Venezuelan economy at the expense of the Venezuelan people.feedback

Aug 25 2017

Debt ceiling will be raised.feedback

Aug 23 2017

I think the concept of proprietary trading does not belong in banks with [federal] insurance.feedback

Aug 23 2017 - NAFTA

I think we'll end up probably terminating NAFTA at some point.feedback

Aug 21 2017 - Obamacare

This is about having a clean debt ceiling so that we can maintain the best credit, the reserve currency and be focused on what we should be focusing are so many other important issues for the economy.feedback

Aug 21 2017 - Democratic Party

We're going to get the debt ceiling passed. I think that everybody understands this is not a Republican issue, this is not a Democrat issue. We need to be able to pay our debts. ... This is about having a clean debt ceiling so that we can maintain the best credit, the reserve currency and be focused on what we should be focusing on … so many other really important issues for the economy.feedback

Aug 21 2017 - Trump Presidency

I don't believe the allegations against the president are accurate, and I believe that having highly talented men and women in our country surrounding the president in his administration should be reassuring to you and all the American people.feedback

Aug 20 2017 - Trump Presidency

I strongly condemn the actions of those filled with hate and with the intent to harm others. They have no defense from me, nor do they have any defense from the president or this administration. While I find it hard to believe I should have to defend myself on this, or the president, I feel compelled to let you know that the president in no way, shape or form believes that neo-Nazi and other hate groups who endorse violence are equivalent to groups that demonstrate in peaceful and lawful ways.feedback

Aug 16 2017 - Amazon

So this is an issue that we've been looking at very carefully within the administration, and we expect to come out with a position shortly. I am encouraged that Amazon is now charging tax, I believe, on their own sales but not the marketplace. I'm not sure I understand the consistency on that, but I respect the states' ability that there's an awful lot of money that's not being collected.feedback

Aug 12 2017

There should be very strict controls of spending money, but once we've agreed to spend the money, we should make sure that the government can pay for it.feedback

Aug 07 2017 - American politics

This is a pass/fail exercise, and we will pass tax reform. It's going to get done this year.feedback

Aug 01 2017 - Sanctions

Yesterday's illegitimate elections confirm that Maduro is a dictator who disregards the will of the Venezuelan people.feedback

Jul 31 2017

The message is [tax reform] may not be perfect for everything you want, but it's going to be really really good for the economy and better than what we have.feedback

Jul 31 2017 - Sanctions

Yesterday's illegitimate elections confirm that Maduro is a dictator who disregards the will of the Venezuelan people. By sanctioning Maduro, the United States makes clear our opposition to the policies of his regime and our support for the people of Venezuela who seek to return their country to a full and prosperous democracy.feedback

Jul 31 2017

This is a pass/fail exercise, and we will pass tax reform.feedback

Jul 31 2017

As a matter of fact, I sometimes get complaints from my friends in New York, New Jersey and Connecticut and California and Illinois that their taxes aren't going down. So this is not about a tax cut for the rich.feedback

Jul 28 2017

I believe that it is critical that Congress act to increase the nation's borrowing authority by September 29, 2017.feedback

Jul 27 2017 - Human Rights

This administration will continue to aggressively target Iran's malign activity, including their ongoing state support of terrorism, ballistic missile program, and human rights abuses.feedback

Jul 26 2017 - Amazon

So this is an issue that we've been looking at very carefully within the administration and we expect to come out with a position shortly. I am encouraged that Amazon is now charging tax, I believe, on their own sales but not the marketplace. I'm not sure I understand the consistency on that, but I respect the states' ability that there's an awful lot of money that's not being collected.feedback

Jul 26 2017

I can assure you we are going to make sure that American companies stay here.feedback

Jul 20 2017 - China

China acknowledged our shared objective to reduce the trade deficit which both sides will work cooperatively to achieve.feedback

Jul 19 2017 - China

Foreign participation in the Chinese financial sector will help improve the allocation of resources to the most productive sectors of the Chinese economy and contribute to a stronger global financial system.feedback

Jul 17 2017

We're going to get the debt ceiling right. I don't think there is any question that the debt ceiling will be raised. I don't think there is anybody who intends to put the government's ability to pay its bills at risk. Mick and I have a very good relationship. I think the press made that out to be more than it is.feedback

Jul 10 2017

We're not going to do anything under this administration that inadvertently makes U.S. business less competitive or encourages U.S. business to go abroad. We are focused on making U.S. business the most competitive in the world, giving them the tools, and bringing back trillions of dollars.feedback

Jul 10 2017 - Russia

I think this is a very important step forward that what we want to make sure is that we coordinate with Russia, that we're focused on cybersecurity together, that we make sure that they never interfere in any democratic elections or conduct any cybersecurity. This is about having capabilities to make sure that we both fight cyber together, which I think is a very significant accomplishment for President Trump.feedback

Jul 10 2017 - Trump Presidency

I think it's very important that President Trump had a very substantive dialogue with his counterpart on this. And it is very clear that there are many issues we need to open a dialogue on. And I think President Trump handled it brilliantly.feedback

Jul 09 2017 - Sanctions

I have never heard Steve mention that.feedback

Jul 09 2017 - Syria conflict

Why would President Trump broadcast exactly what he said in the meeting? Strategically that makes no sense. He's made it very clear how he feels. He's made it very clear that he addressed it straight on.feedback

Jul 09 2017 - North Korea

I think that President Trump made very clear to President Xi that he is focused on this issue, and wants to move forward and make progress. And I think President Xi gave a very interesting perspective from their standpoint.feedback

Jul 09 2017 - Trump-Putin

You know, we're not going to make comments about what other people say. President Trump will be happy to make statements himself about that.feedback

Jul 09 2017 - Syria conflict

After a very substantive discussion on this, they reached an agreement that they would start a cyberunit to make sure that there was absolutely no interference whatsoever, that they would work on cybersecurity together. And President Trump focused the conversation on Syria and the Ukraine and North Korea.feedback

Jul 07 2017 - Trump Presidency

We've had very productive economic meetings. There's been very substantive issues discussed.feedback

Jul 05 2017 - North Korea

While we will continue to seek international cooperation on North Korea, the United States is sending an emphatic message across the globe that we will not hesitate to take action against persons, companies, and financial institutions who enable this regime.feedback

Jun 30 2017 - North Korea

We are in no way targeting China with these actions.feedback

Jun 29 2017 - North Korea

We will follow the money and cut off the money.feedback

Jun 29 2017 - Republican Party

There will be complete transparency when we come out with the plan.feedback

Jun 29 2017 - Nuclear weapons

The Department of the Treasury is committed to protecting the U.S. financial system from North Korean abuse and maximizing pressure on the government of North Korea until it abandons its nuclear and ballistic missile programs. While we will continue to seek international cooperation on North Korea, the United States is sending an emphatic message across the globe that we will not hesitate to take action against persons, companies and financial institutions who enable this regime.feedback

Jun 20 2017

The tax plan will pay for itself with economic growth.feedback

Jun 20 2017 - Ukraine Crisis

These designations will maintain pressure on Russia to work toward a diplomatic solution.feedback

Jun 20 2017 - Amazon

It's not for us to comment on the deal one way or another.feedback

Jun 20 2017 - Amazon

We had an amazing day yesterday with tech leaders showing us and helping us [on] how we can move government into the next century, whether it's cybersecurity, whether it's updating our aged infrastructure. We've underinvested in technology for too long.feedback

Jun 20 2017

We think it's the right thing for them to get out of their large portfolio. It was something that they did in a unique period of time and obviously, it has to be reversed.feedback

Jun 20 2017

We couldn't be more focused on getting this done.feedback

Jun 20 2017

We're 100 percent committed to getting it done this year. It's critical to the economy. We have a unique opportunity to do this. It's been 30 years. We have to fix the system and our teams are meeting daily.feedback

Jun 13 2017

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.feedback

Jun 13 2017 - American politics

At times there could be a good shutdown.feedback

Jun 13 2017 - American politics

I assure you – just as I've said with the debt limit ... we would never shut down critical functions of the government.feedback

Jun 13 2017 - American politics

There could be reasons at various times why that is the right outcome. If the certainty is bad, I'd rather have uncertainty that could lead to good outcomes than certainty that assures bad outcomes. But these are very hypothetical situations.feedback

Jun 13 2017

At times there could be a good shutdown. We would never shut down critical functions of the government.feedback

Jun 13 2017

We were very focused on, what we can do by executive order and through regulators. We think about 80 percent of the substance in the report can be accomplished by regulatory changes, and about 20 percent by legislation.feedback

Jun 12 2017

If for whatever reason Congress does not act before August, we do have backup plans to fund the government. So I want to make it clear that that is not the time frame that will create a serious problem. However, markets do not want us to wait.feedback

Jun 12 2017

I am comfortable saying that we can fund the government through the beginning of September. If we don't raise this beforehand, I will be providing updated numbers based upon how revenues come in.feedback

Jun 12 2017 - Trump Presidency

Properly structuring regulation of the U.S. financial system is critical to achieve the administration's goal of sustained economic growth, and to create opportunities for all Americans to benefit from a stronger economy.feedback

Jun 01 2017

We're going to get it increased. The credit of the United States is the utmost. I've said to Congress they should do it as quickly as they can. But we are very focused on working with them and I'm confident we'll get there before there's an issue.feedback

Jun 01 2017 - Trump Presidency

Today's decision is a setback for the environment and for the U.S.'s leadership position in the world.feedback

May 25 2017 - Trump Presidency

When the president's budget was done, we were not ready to have a full-blown tax reform plan.feedback

May 25 2017 - Republican Party

I've discussed that there's some concerns we have on the border adjustment tax.feedback

May 25 2017 - Trump Presidency

I want to be careful about not guaranteeing anything. The president will look at the overall package.feedback

May 24 2017

I urge you to raise the debt limit before you leave for the summer.feedback

May 24 2017 - Syria conflict

We will use everything within our power to put additional sanctions on Iran, Syria and North Korea to protect American lives. I can assure you that's a big focus of mine and I discuss it with the president.feedback

May 24 2017 - Trump Presidency

We can all discuss how we cut spending in the future and how we deal with the budget going forward but it is absolutely critical ... that we keep the credit of the United States as the most critical issue.feedback

May 24 2017 - Trump Presidency

We can all discuss how we cut spending and how we deal with the budget going forward, but it is absolutely critical that where we've spent money, that we keep the credit of the United States as the most critical issue. It is the reserve currency of the world.feedback

May 24 2017

We don't think it's the federal government's job to be subsidizing states.feedback

May 23 2017

We're not going to get that done by August.feedback

May 23 2017 - Trump Presidency

One component of this is making sure we can create jobs for people who want jobs and will come back into the workforce. The other component is productivity and capital investment.feedback

May 23 2017

Our objective is to get that done this year, and I'm still hopeful that that's the case.feedback

May 23 2017

One of the problems with the border adjustment tax is that it doesn't create a level playing field. It has the potential to pass on significant costs to the consumer.feedback

May 23 2017

We felt it was premature to put in any changes to the budget as a result of taxes, since we're not far enough along to estimate what that impact will be.feedback

May 18 2017 - Supreme Court

The Venezuelan people are suffering from a collapsing economy brought about by their government's mismanagement and corruption. Members of the country's Supreme Court of Justice have exacerbated the situation by consistently interfering with the legislative branch's authority. By imposing these targeted sanctions, the United States is supporting the Venezuelan people in their efforts to protect and advance democratic governance in their country.feedback

May 18 2017

This is an issue that I'm aware of. I can assure you that this, like any other national-security issue, will be reviewed.feedback

May 18 2017

We do not support breaking up banks.feedback

May 18 2017

We do not support a separation of banks from investment banks. We think that would be a very significant problem for financial markets and the economy. There are aspects of it that we think may make sense. We never said before we support a full separation of banks and investment banking.feedback

May 18 2017 - Trump Presidency

We actually have someone the president has approved that is going through the FBI vetting process. This is a time-consuming process.feedback

May 18 2017

I am still very hopeful that we'll get tax reform done this year.feedback

May 18 2017 - Trump Presidency

What I have said repeatedly is that any plan we put forward we believe should be paid for with economic growth. I am concerned as to whether some of the models will attribute enough growth in dynamic scoring but when we present the details we will present how we think it should be paid for.feedback

May 18 2017

We think in the current form it doesn't work. It has too much risk to the economy.feedback

May 16 2017

There's many aspects of it we like. There's certain things we're concerned about. What we discussed with them is we don't think it works in its current form, and we'll continue to have discussions with them about revisions that they will consider.feedback

May 13 2017

This is a reminder to all of us of the importance and focus on cyber security. We had this on the agenda today, we were speaking about it, I think people felt so strongly about it that we agreed to keep it on the agenda for the next few sessions.feedback

May 13 2017 - British elections 2017

We do not want to be protectionist but we reserve our right to be protectionist to the extent that we believe trade is not free and fair. Our approach is for more balanced trade, and people have heard that. And as I say, people are more comfortable today, now that they've had the opportunity to spend time with me and listen to the president and hear our economic message.feedback

May 13 2017 - Trump Presidency

This is a big priority for the president ... We're going to try to get this done as quickly as we can.feedback

May 12 2017

As soon as the president got elected, they went the other way.feedback

May 12 2017 - China

We're excited about U.S. trade policies and I think you probably saw last night, we made an announcement of a 100 day economic plan with the Chinese, so I think we're very happy with how we are proceeding on trade.feedback

May 12 2017 - Trump Presidency

I think the secretary has made clear to his counterparts that it is very important for all countries to abide by their exchange rate commitments that they have made ... I think that message is coming through loud and clear.feedback

May 11 2017

So priming the pump in the short term leads to growth.feedback

May 11 2017

I think a lot of the Democratic senators actually believe we're on to the right tax plan to bring back business to America, and that's what they're all about, they want to grow jobs in their states, just like the president does.feedback

May 06 2017 - Republican Party

People should ask themselves: 'What is he trying to hide?feedback

May 05 2017 - Trump Presidency

We're going to continue to have discussions with them above revisions.feedback

May 04 2017

We expect to pay for this through economic growth, and through eliminating a lot of deductions.feedback

May 03 2017

We do believe in regulations. So we are not trying to go to a world where there are no regulations. But we do believe in proper regulations.feedback

May 03 2017 - Trump Presidency

Keith Noreika has deep experience in helping banks operate in a safe and sound manner, provide fair access to financial services, and provide credit needed for business expansion and job growth. I am confident that he will capably lead the OCC in carrying out its important mission.feedback

May 03 2017 - Trump Presidency

We have over 100 people in the tax department, and we've been running numbers, you know, for several months.feedback

May 01 2017

There's really three parts that will drive that. First, is tax reform. This will be the most sweeping tax reform we've ever had. The second part is regulatory relief. We can have sound regulations. Make sure we have proper regulations.feedback

May 01 2017

And the third part is fair trade, renegotiating the trade deals. We think those three things together will create sustained economic growth of 3 percent or higher.feedback

May 01 2017

There are very attractive opportunities.feedback

May 01 2017

We've talked about putting infrastructure and tax together, I think we're probably not going to do that.feedback

Apr 28 2017

The purposes of the orders are to make clear what the president's and the administration's priorities are and to signify the importance of these issues to the American people.feedback

Apr 27 2017

We are taking all deductions out other than mortgage interest and charitable donations.feedback

Apr 27 2017

We just don't think it works in the current form.feedback

Apr 27 2017

Let me be clear: This is for small businesses, not a loophole for rich people to lower their tax bill.feedback

Apr 27 2017

We've been working on this plan for a considerable amount of time.feedback

Apr 27 2017

The president has no intention. The president has released plenty of information and I think has given more financial disclosure than anybody else. I think the American population has plenty of information.feedback

Apr 27 2017

We don't think it works in its current form.feedback

Apr 26 2017

Our objective is to make US businesses the most competitive in the world. Right now we have a 35 per cent corporate rate on worldwide income and deferral. It is perhaps the most complicated and uncompetitive business rate in the world.feedback

Apr 26 2017

It will be a very competitive rate that will bring back trillions of dollars.feedback

Apr 26 2017

It's not the federal government's job to be subsidizing the states.feedback

Apr 26 2017

This is going to be the biggest tax cut and the largest tax reform in the history of our country.feedback

Apr 26 2017

What this is not going to be is a loophole to let rich people who should be paying higher percents pay 15 percent. The goal is to make it permanent but, if we have them for 10 years, that's better than nothing. We like hard challenges–that's why the president's here.feedback

Apr 26 2017

What we think is important is small business, and we are committed that small business, owner operators will have the benefit of the business rate. What this is not going to be is a loophole to let rich people who should be paying higher rates pay 15 percent.feedback

Apr 26 2017

Our objective is simplifying personal taxes.feedback

Apr 26 2017

We're committed to working, getting this thing done, getting everyone in the room, and getting this thing passed.feedback

Apr 26 2017

What this is about is creating job and economic growth.feedback

Apr 26 2017

The deficit is a problem and the president is concerned about that.feedback

Apr 26 2017

We are moving as quickly as we can.feedback

Apr 26 2017 - Twitter

We want to move as fast as we can. This bill is about creating economic growth and jobs.feedback

Apr 25 2017

One of the things I do in my job is oversee the IRS, Internal Revenue Service, which reports to the treasury. The tax code is just way, way, way too complicated. And we want to create a system where the average American can do their taxes on a postcard not a major book.feedback

Apr 25 2017

You could have as high as a $2 trillion difference in revenues depending on what you think is going to be the growth function. The plan will pay for itself with growth.feedback

Apr 25 2017

Under dynamic scoring, this will pay for itself. Under static scoring, there will be short-term issues.feedback

Apr 24 2017

The tax reform will pay for itself with economic growth.feedback

Apr 24 2017

I think the purposes of the orders are to make clear what the president and the administration's priorities are and to signify the importance of these issues to the American people.feedback

Apr 24 2017 - Chemical weapons

We take Syria's disregard for innocent human life very seriously, and will relentlessly pursue and shut down the financial networks of all individuals involved with the production of chemical weapons used to commit these atrocities. The United States is sending a strong message with this action that we will hold the entire Assad regime accountable for these blatant human rights violations in order to deter the spread of these types of barbaric chemical weapons.feedback

Apr 24 2017 - Chemical weapons

These sweeping sanctions target the scientific support center for Syrian dictator Bashar al-Assad's horrific chemical weapons attack on innocent civilian men, women, and children.feedback

Apr 24 2017

The plan will pay for itself with growth.feedback

Apr 23 2017 - Protectionism

I think in many areas there has been too much regulation that has really hurt our business. The President believes in reciprocal trade deals, and reciprocal free trade. What's not free and fair is if our market is open but other people either have high tariffs or have high import barriers and non-tariff barriers and that creates one-sided issues. The tax code is just way, way too complicated, and we want to create a system where the average American does their taxes on a [big] postcard not a major book.feedback

Apr 23 2017 - Protectionism

Part of my job is ensuring that we have proper regulation, but ensuring that we don't have conflicting regulation. I think after the financial crisis there was need for new regulation, but we've just gone too far in the other extreme.feedback

Apr 22 2017

We're looking for reforms that will pay for themselves with growth. Under dynamic scoring, this will pay for itself, under static scoring, there'll be short term issues. The tax code is way, way, way too complicated. We want to create a system where the average American can file a tax code on a big postcard.feedback

Apr 22 2017 - IMF

In our view, excessively large trade surpluses, like excessively large trade deficits, are not conducive to supporting a free and fair trading system.feedback

Apr 22 2017

The United States is probably the most open trading market there is. We want to create a system where the average American can do their taxes on a postcard, not a book. Maybe a big postcard, but you can still stick it in the mail.feedback

Apr 22 2017 - IMF

We look to the IMF to highlight where surplus countries can more forcefully contribute to support symmetric adjustment in pursuit of a fairer global system.feedback

Apr 21 2017 - Sanctions

In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions.feedback

Apr 21 2017 - Trump Presidency

Let me make it absolutely clear: President Trump is absolutely committed to make sure that taxpayers are not at risk for government bailouts of entities that are too big to fail.feedback

Apr 21 2017 - Trumpcare

The president wants to get health care done and he wants to get tax done. Hopefully we're going to get both done, but we're going to get tax done.feedback

Apr 21 2017

This administration is willing to reach out and get ideas from the outside.feedback

Apr 21 2017

This has to do with the complexity of tax regulations. The president wants to make clear to the American people that we are going to fix the tax code.feedback

Apr 19 2017

To manipulate a currency you have to be doing it to disadvantage the United States. To the extent that you manipulate a currency that advantages the United States that is not currency manipulation. Absolutely not. Absolutely not. We think this is primarily a European issue, although it is something we are monitoring because it is important to the world economy and world financial markets. A full separation would clearly create very big issues for liquidity in the financial markets.feedback

Apr 19 2017

I don't expect this just to be repeat of previous issues.feedback

Apr 17 2017

As the world's currency, the primary reserve currency, I think that over long periods of time the strength of the dollar is a good thing. It's a function of the confidence and the strength of the US economy.feedback

Apr 17 2017 - Sanctions

The president was making a factual comment about the strength of the dollar in the short term . . . There's a big difference between talk and action. Economic growth creates lots of revenues. When you calculate whether it is deficit-neutral or not, there are a bunch of different calculations and a bunch of models. I am just pointing out the magnitude of what economic growth does. This is an important part of what we are doing. They are in the process of being cleared to roll out. These sanctions programmes are extremely important. It is one of the most important parts of my job.feedback

Apr 14 2017

An essential component of this administration's strategy is to ensure that American workers and companies face a level playing field when competing internationally.feedback

Apr 14 2017

When our trading partners engage in currency manipulation, they impose significant, and often long-lasting hardship on American workers and businesses. Expanding trade in a way that is freer and fairer for all Americans requires that other economies avoid unfair currency practices, and we will continue to monitor this carefully.feedback

Apr 12 2017

It's very, very hard to compete when you have a strong dollar and other countries are devaluing their currency.feedback

Apr 08 2017

We focused on the desire to have very specific action items both in the short term for the next time we get together, as well as what the goals are over the year.feedback

Apr 08 2017

There are areas where they clearly want to work with us.feedback

Apr 08 2017 - Syria conflict

We expect that those (sanctions) will continue to have an important effect on preventing people from doing business with them. These sanctions are very important and we will use them the maximum effect.feedback

Apr 06 2017

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.feedback

Apr 06 2017

They are going to, along with me, put on a group of 20 people, 20 to 25 people on a commission. We're going to run projects through them. And they will have great expertise in that room. We'll have it from both coasts, and right down the middle. We're going to have representatives from various parts of the country that are all are very, very successful in terms of infrastructure.feedback

Mar 31 2017 - Sanctions

Today's sanctions are aimed at disrupting the networks and methods that the Government of North Korea employs to fund its unlawful nuclear, ballistic missile, and proliferation programs. I urge our partners and allies to take similar measures to cut off its funding.feedback

Mar 31 2017

But you should all send your kids to Lego Batman.feedback

Mar 28 2017

Health care is a very, very complicated issue. [Tax reform's] a lot simpler.feedback

Mar 28 2017 - Artificial Intelligence

I think that is so far in the future – in terms of artificial intelligence taking over American jobs – I think we're, like, so far away from that that. Not even on my radar screen.feedback

Mar 27 2017

I think that is so far in the future – in terms of artificial intelligence taking over American jobs – I think we're, like, so far away from that [50 to 100 years], that it is not even on my radar screen.feedback

Mar 27 2017

To the extent that we add resources, we can collect more money.feedback

Mar 24 2017 - Obamacare

We're able to take the tax code and redesign things and I think there is very, very strong support.feedback

Mar 24 2017

It's not even on our radar screen.... 50-100 more years.feedback

Mar 24 2017

Health care is a very complicated issue. In a way, tax reform is a lot simpler. We are not cutting this up and doing little pieces at a time. The consequence is that the market could go up significantly.feedback

Mar 24 2017

Health care and tax reform are two very different things. Health care is a very, very complicated issue. In a way, [tax changes are] a lot simpler. It really is. We're working towards that as a goal. Don't hold me to it at the penny, but that is the direction we're heading, absolutely. We want to get [tax rates] a lot lower than we are now. We've been working the last two months on tax reform. This is something we are designing from scratch and running through a lot of scenarios. We would not have been ready…but now we are.feedback

Mar 24 2017

As long as we can renegotiate deals that are good for us, we won't be protectionist. Otherwise, we will. Everybody understands that the debt ceiling will be raised.feedback

Mar 21 2017

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.feedback

Mar 20 2017 - G20

The new language makes sense.feedback

Mar 18 2017 - G20

This is my first G20, so what was in the past communiqué is not necessarily relevant from my standpoint. I understand what the president's desire is and his policies, and I negotiated them from here. I couldn't be happier with the outcome. We believe in free trade, we are in one of the largest markets in the world, we are one of the largest trading partners in the world, trade has been good for us, it has been good for other people. Having said that, we want to re-examine certain agreements.feedback

Mar 18 2017

I understand what the president's desire is and his policies and I negotiated them from here, and we couldn't be happier with the outcome. We are working to strengthen the contribution of trade to our economies. My primary focus is on economic growth in the United States. I think that economic growth in the United States is good for us and good for the other major economies in the world.feedback

Mar 18 2017

We are going to look to our counterparts to continue to trade, but to look to have more balanced trade. That means over time reducing our trade deficits. I think we can do that in a way that's good for the American worker, that's good for our companies, and that's good for our counterparties.feedback

Mar 18 2017

Balanced trade has to be what's good for us and what's good for other people. It has to be a win-win situation.feedback

Mar 17 2017 - OECD

It is not our desire to get into trade wars. It is our desire to deal with where there is imbalance in certain trading relationships, that we have a means to address that. And that's something that is important. If you look at our economic policies again, it makes sense for us to readdress certain things.feedback

Mar 17 2017

Our objective is getting more balanced trade agreements.feedback

Mar 16 2017

It is not our desire to get into trade wars. The president does believe in free trade but he wants free and fair trade.feedback

Mar 15 2017

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.feedback

Mar 09 2017

As I said in my confirmation hearing, honoring the full faith and credit of our outstanding debt is a critical commitment. I encourage Congress to raise the debt limit at the first opportunity so we can proceed with our joint priorities.feedback

Mar 09 2017

As I said in my confirmation hearing, honoring the full faith and credit of our outstanding debt is a critical commitment. I encourage Congress to raise the debt limit at the first opportunity so that we can proceed with our joint priorities.feedback

Mar 09 2017

As I said in my confirmation hearing, honoring the full faith and credit of our outstanding debt is a critical commitment. I encouraged Congress to raise the debt limit at the first opportunity so that we can proceed with our joint priorities.feedback

Mar 03 2017

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.feedback

Mar 01 2017

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.feedback

Feb 28 2017

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.feedback

Feb 28 2017

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.feedback

Feb 26 2017

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.feedback

Feb 26 2017

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.feedback

Feb 23 2017

I certainly support a form of tax on the border.feedback

Feb 23 2017

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.feedback

Feb 23 2017 - Mexico

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.feedback

Feb 23 2017

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.feedback

Feb 23 2017

My guess is that our growth assumptions will be higher than what they use to score the plan.feedback

Feb 23 2017

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.feedback

Feb 23 2017

We think there are some concerns about it.feedback

Feb 23 2017

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.feedback

Feb 23 2017

This is a mark-to-market business, and you see what the market thinks.feedback

Feb 23 2017

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.feedback

Feb 23 2017

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.feedback

Feb 23 2017

We're not ready to make any formal announcement on whether we're going to have a 50-year or 100-year.feedback

Feb 23 2017

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.feedback

Feb 23 2017

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.feedback

Feb 23 2017

We are committed to tax reforms.feedback

Feb 23 2017

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.feedback

Feb 23 2017

We're looking at significant economic changes.feedback

Feb 13 2017

I did not use a Cayman Island entity in any way to avoid taxes for myself. There was no benefit to me.feedback

Jan 23 2017

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.feedback

Jan 23 2017

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.feedback

Jan 23 2017

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.feedback

Jan 19 2017

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.feedback

Jan 19 2017 - NAFTA

I think most people acknowledge NAFTA was negotiated a long time ago, that we should reopen this agreement.feedback

Jan 19 2017

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.feedback

Jan 19 2017 - Sanctions

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.feedback

Jan 19 2017

We believed in loan modifications, and we were financially incented to (provide) them when we could.feedback

Jan 19 2017

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.feedback

Jan 19 2017

That was a terrible situation. We worked very, very hard to move her to another home that they could afford.feedback

Jan 19 2017

To the extent there were any errors, I am sorry for that.feedback

Jan 19 2017

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.feedback

Jan 19 2017

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.feedback

Jan 18 2017

Unfortunately, not all of the homes could be saved through these programs, and despite my best efforts, some were, sadly, subject to foreclosure.feedback

Dec 02 2016

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 ba