On Thursday, while meeting with the chief executives of many of the country’s major airlines, the CEO of America dropped a hint about the timing of his much anticipated tax plan.
Taxes are something that both everyday Americans and corporate America alike are anxious about. That’s understandable, because they were the core of President Trump’s platform and, I would argue, an underemphasized key to his victory in November.
In the meeting, the president said, “We’re going to lower the overall tax burden on American business big league,” and “We’re going to be announcing something I would say over the next two or three weeks that will be phenomenal in terms of tax.” He’s clearly aware of the nation’s angst.
So what’s been the holdup? What else? The progressives for no progress. The ultra-far left minority in the Senate has been obstructing and delaying confirmation of Steve Mnuchin, a clearly qualified nominee for Treasury secretary, for weeks.
A vote is tentatively slated for Monday.
It is the secretary of the Treasury who implements and helps craft tax and economic policy for the country and its taxpayers, and it is the secretary of the Treasury who oversees financial and monetary matters for the country domestically and abroad.
Think taxes, bonds, foreign currencies and the dollar.
The Treasury secretary is an important member of the president’s Cabinet. Treasury oversees the Internal Revenue Service, and its leader is charged with managing an 86,049-person workforce.
The Treasury secretary traditionally is the primary spokesperson and leader on the economy in a normal administration — not the Federal Reserve chair, who was previously relied on.
Many on both sides of the aisle welcome the tax cuts and are in favor of Mnuchin, but it takes just a few to slow the wheels of confirmation.
One of Mnuchin’s jobs is simply to make doing business in America more lucrative, thereby putting more money in workers’ pockets through growth. And that’s a huge win for workers.
It’s precisely the extra cash in the pockets of American businesses and workers that will help ignite the growth in our country.
Problem is, it’s nearly impossible to make meaningful tax policy without a Treasury secretary.
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