Tag: Steven Mnuchin

Trump To Propose Cutting Corporate Tax Rate To 15 Percent

On Wednesday, President Trump will announce his plan to overhaul the tax code, including his proposal to cut the corporate tax rate from 35 percent to 15 percent, White House officials told The Washington Post on Monday. Independent analysts have estimated a cut this severe could cost the federal government $2.4 trillion over 10 years,…

Air Base Hit By Trump Reopens Less Than 24 Hrs Later

New airstrikes have targeted a town in northwest Syria that was hit by a deadly chemical attack earlier this week, activists said. It wasn’t immediately clear who conducted the strikes on Khan Sheikhoun, which hit on Friday and Saturday, though only Russian and Syrian regime aircraft have been bombing that area of rebel-held Idlib province.…

Senate Expected To Confirm Steven Mnuchin As Treasury Secretary

On Monday, the Senate is expected to confirm two of President Trump’s Cabinet nominees, Steven Mnuchin as treasury secretary and David Shulkin to head the Department of Veteran Affairs. The vote on Mnuchin, a former top Goldman Sachs executive and Hollywood financier, will be much closer than Shulkin’s confirmation. Republicans argue that Mnuchin is well-qualified…

Senate Confirms Tom Price As HHS Secretary

On Monday the Senate voted 52 to 47 to confirm Rep. Tom Price (R-Ga.) to lead the Health and Human Services Department. The party-line vote was the fourth contested Cabinet vote in a row. Democrats argued before the vote that Price, a seven-term congressman and former orthopedic surgeon, had failed to come clean about some…

Pence Casts Vote To Confirm Betsy DeVos as Education Secretary

Regardless the attemps by Democrats in the final hours, the U.S. Senate voted on Tuesday to confirm Betsy DeVos as the next secretary of education. DeVos’ nomination faced fierce opposition from Democrats, and two Republican senators—Lisa Murkowski of Alaska and Susan Collins of Maine—had previously said they would vote against DeVos. After those GOP defections,…

US Senate To Vote On DeVos Nomination

The Senate is scheduled to vote Tuesday on President Trump’s education secretary nominee, Betsy DeVos. Democrats made a last-ditch effort to hold the floor for 24 hours as they tried to persuade a third Republican to join them in opposition to DeVos to break what appeared to be a 50-50 tie. Barring another defection, Vice…

Trump Adds Steven Mnuchin To Cabinet As Treasury Secretary

President-elect Donald Trump will nominate investor and former Goldman Sachs executive Steven Mnuchin to be his administration’s treasury secretary. Mnuchin has no government experience but served as the finance chairman of Trump’s campaign. He also helped Trump develop his proposal to overhaul the tax code. Trump also picked businessman Wilbur Ross as commerce secretary, and…