- Steve Mnuchin, a long-serving Cabinet member during Trump’s first term, extolled the value of tax cuts at a recent conference—but warned that some of Trump’s campaign promises could prove “very expensive.” However, tips might be on the menu.
Steve Mnuchin became one of Donald Trump’s earliest supporters when the real estate mogul and reality TV star initially launched a long-shot bid for the 2016 Republican presidential nomination. When the banking executive was appointed Treasury secretary, he shepherded some of the president’s major policy moves—overhauling America’s tax system through Congress and dramatically ratcheting up tariffs on China. But now, with his former boss back in the White House, Mnuchin has some hesitations about the new administration’s economic agenda.
