Tag Archives: Treasury Department

ROBBER BARONS: Trump Administration Mulls $100B Unilateral Capital Gains Tax Cut For The Super Wealthy

The New York Times reports: The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives. Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of the Group of 20 ...

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Treasury Department Hits Five Russian Companies With Sanctions For Cyberattacks And “Malicious Activities”

ABC News reports: The Trump administration on Monday slapped sanctions on several Russian companies and businessmen for engaging in cyberattacks and assisting Russia’s military and intelligence services with other malicious activities. The Treasury Department said it was imposing sanctions on five Russian firms and three of their executives under legislation passed last year and an executive order aimed at punishing ...

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REVEALED: Mnuchin Spent $1M On Military Flights

The Hill reports: Treasury Secretary Steven Mnuchin spent nearly $1 million on seven military aircraft trips between the spring and fall of 2017, according to documents gathered by Citizens for Responsibility and Ethics in Washington (CREW). CREW sued for records following a highly publicized trip Mnuchin and his wife Louise Linton took to Fort Knox, Ky., in August. The trip, ...

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Mnuchin Walks Back Comments That Cratered Dollar

CNBC reports: Treasury Secretary Steven Mnuchin said Thursday he spends little time thinking about dollar weakness over the short term, walking back his comments that sent the U.S. currency reeling amid fears of a trade war. Speaking during a CNBC-moderated panel at the World Economic Forum in Davos, Mnuchin said dollar weakness in the short term was “not a concern ...

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Ho-Ho-Ho: Gift-Wrapped Horseshit Mailed To Mnuchin

KTLA reports: Someone sent a package wrapped in holiday gift paper and filled with horse manure that was addressed to United States Treasury Secretary Steven Mnuchin and placed on a street in Bel-Air, the Los Angeles Police Department said Saturday evening. The package was reported to police after it was discovered in the 900 block of Bel-Air Road, LAPD officials ...

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Treasury Department: Steve Mnuchin’s $800K In Military Flights Were Totally Shady But Not Illegal

The Los Angeles Times reports: Treasury Secretary Steven T. Mnuchin took military aircraft on at least seven occasions without adequate justification, his department’s inspector general said in a report. The inspector general said that Mnuchin’s use of the planes was not illegal but that he had failed to meet rules that require that military flights be used only if the ...

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Steve Mnuchin Backs Away From Plan To Replace Andrew Jackson With Harriet Tubman On The $20 Bill

CNBC reports: Treasury Secretary Steve Mnuchin put Harriet Tubman’s role on the $20 bill in question. Mnuchin told CNBC on Thursday: “Ultimately we will be looking at this issue. It’s not something I’m focused on at the moment.” Instead, he said he’s concentrating on making sure any tweaks to U.S. currency bills thwart counterfeiters. “The No. 1 issue why we ...

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Treasury Department Fines ExxonMobil $2 Million For Violating Sanctions On Russia When Tillerson Was CEO

Reuters reports: The U.S. Treasury Department on Thursday said it was fining global oil company ExxonMobil Corp $2 million for violating sanctions on Russia in May 2014. The heads of the company’s U.S. subsidiaries signed eight documents between May 14 and May 23, 2014 with Igor Sechin, the head of Russia’s largest oil producer, Rosneft, Treasury’s Office of Foreign Assets ...

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Trump Treasury Pick Doesn’t Have Claimed Degree

New England News reports: In announcing the appointment of Joseph Otting to a key treasury job on Monday, the White House Press Office trumpeted his credentials, noting that he was a graduate of the School of Credit and Financial Management at Dartmouth College. But in fact, Dartmouth does not have such a school. “Joseph Otting is not a Dartmouth graduate,” ...

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Mnuchin Announces “Massive” Tax Cuts, Says Trump Has “No Intentions” Of Releasing His Returns [VIDEO]

Bloomberg reports: Treasury Secretary Steven Mnuchin confirmed the administration will propose a corporate tax rate reduction to 15 percent and said lawmakers broadly agree on the need for a tax overhaul, citing a “very successful meeting” on Tuesday evening in Washington. The administration wants to implement the biggest tax cuts and reform in U.S. history as part of a drive ...

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Treasure Secretary Steve Mnuchin Warns Staffers He Won’t Tolerate Leaks, Warning Immediately Leaks

Reuters reports: President Donald Trump’s Treasury Secretary Steven Mnuchin used his first senior staff meeting to tell his new aides he would not tolerate leaks to the news media, sources familiar with the matter said. Current and former officials said that in a departure from past practice, access to a classified computer system at the White House has been tightened ...

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SWAMP THING: Senate Confirms Steve Mnuchin

McClatchy reports: The Senate confirmed Steven Mnuchin as Treasury secretary in a vote Monday evening, adding the former Goldman Sachs executive to President Donald Trump’s Cabinet. The 53-47 vote, which fell largely along party lines, makes Mnuchin the 10th of Trump’s Cabinet nominees to be confirmed in three weeks. Sen. Joe Manchin (D-West Virginia) was the only Democrat to support ...

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Treasury Department Exempts Russian Espionage Agency From Sanctions Imposed Over Election Hacking

Politico reports: The Trump administration on Thursday relaxed the sanctions that the Obama administration placed on a Russian spy agency in retaliation for its alleged cyberattacks. The “general license” issued by the Treasury Department’s Office of Foreign Assets Control appears to authorize U.S. companies to continue requesting licenses from Russia’s Federal Security Service, or FSB, to sell American technology products ...

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LIVE VIDEO: Steve Mnuchin’s Confirmation Hearing

The Guardian reports on what to expect: Mnuchin made much of his fortune by capitalising on the housing crisis. In 2008 Mnuchin and his partners took over IndyMac, a Californian bank that had been felled by its risky lending practices in the financial crisis and taken over by the government. Mnuchin told the Wall Street Journal last year he was ...

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Progressive Group Launches Campaign Pressuring Senate To Reject Trump’s Treasury Nominee [VIDEO]

Politico reports: A progressive advocacy group is launching a television ad campaign designed to pressure Republican Sens. Dean Heller and Jeff Flake to oppose Steven Mnuchin’s nomination as Treasury secretary. The ads, paid for by the group Allied Progress, are scheduled to begin airing Wednesday in the senators’ home states of Nevada and Arizona. The TV spots highlight the money ...

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Greta Van Susteren: Stupid Obama Administration Is Dividing The Country With Harriet Tubman Bill [VIDEO]

Mediaite recaps the clip below: Fox’s Greta Van Susteren ended her show tonight by going on a mini-rant about how the government is “dividing the country” by putting Harriet Tubman on the $20. Wait, what? Yes, Van Susteren tonight said the Obama administration “went stupid” by creating a “completely unnecessary fight” by kicking Andrew Jackson off the bill. Greta: “Give ...

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Woman To Be On New $10 Bill

CNN Money reports: On Wednesday, U.S. Treasury Secretary Jack Lew said a woman will be featured on a redesigned $10 bill in 2020 — the 100th anniversary of the Constitution’s 19th Amendment, which gave women the right to vote. A decision on who the woman will be won’t be made for several months. The last woman on U.S. paper currency ...

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Fischer Has The Treasury Dept. Sadz

“There will be enormous federal pressure now on states to conform to the IRS. The Supreme Court decision placed an [improvised explosive device] under every state marriage amendment in the land. I predict we will very quickly see legal action in the 37 states that do not give legal recognition to same-sex marriage to force them to conform to federal ...

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