CoinVoice has learned that, according to The Wall Street Journal, Steven Mnuchin, after being nominated by President-elect Trump as the U.S. Treasury Secretary, stated in his first interview that his policy focus will be to fulfill Trump’s tax reduction commitments. These measures include making his first-term tax policies permanent, eliminating taxation on tips, social security benefits, and overtime pay. Mnuchin stated that tariff imposition, expenditure reduction, and maintaining the status of the U.S. dollar as the world’s reserve currency will be the focus of his work.
The report said that Vincent was one of Trump’s closest advisors, adding depth to Trump’s economic proposals and defending his more aggressive trade policy plans. He believes that President-elect Trump’s plan to extend tax cuts and relax regulation in certain areas of the US economy will create an “economic carnival”. [Original link]
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