search
Sections List
American Journal News

Scandal: Mnuchin under federal investigation for failing to analyze GOP tax scam

The Senate’s scam to raise taxes on almost 90 million middle-class families to pay for massive breaks and loopholes for billionaires and corporations has hit unexpected stumbling blocks, with Senate Majority Leader Mitch McConnell frantically rewriting the bill hours before a vote. But Senate Republicans are not the only ones struggling to make their plan […]

By Matthew Chapman - December 01, 2017
Share
Steven Mnuchin

The Senate’s scam to raise taxes on almost 90 million middle-class families to pay for massive breaks and loopholes for billionaires and corporations has hit unexpected stumbling blocks, with Senate Majority Leader Mitch McConnell frantically rewriting the bill hours before a vote.

But Senate Republicans are not the only ones struggling to make their plan work.

Donald Trump’s top official in charge of the effort, Treasury Secretary Steve Mnuchin, is now facing an investigation from his own department following claims he lied to the public, and to lawmakers, about an analysis of the tax scheme.

Mnuchin has repeatedly claimed that analysis by the Treasury Department shows the proposed Republican tax breaks for the wealthy would pay for themselves, by inducing companies to invest in jobs and capital that will grow the overall tax base.

But whistleblowers in the Treasury’s Office of Tax Analysis told The New York Times on Thursday that the “analysis” Mnuchin has touted to support the GOP proposal does not exist. He has not directed his department to even do the work that he claimed they were doing.

Following the Times report, Massachusetts Sen. Elizabeth Warren sent a furious letter to the Treasury’s Office of the Inspector General, demanding answers.

“Either the Treasury Department has used extensive taxpayer funds to conduct economic analyses that it refuses to release because those analyses would contradict the Treasury Secretary’s claims, or Secretary Mnuchin has grossly misled the public about the extent of the Treasury Department’s analysis,” she wrote. “I am deeply concerned about either possibility.”

Treasury Inspector General Eric Thorson agreed. On Warren’s request, he has opened a probe into whether Mnuchin’s study exists.

Incidentally, Mnuchin’s claims that the tax plan will spur investment are at odds with numerous CEOs who willingly admit that, if the tax bill becomes law, they will pass the untaxed profits directly to shareholders — not to workers, as Trump and his fellow Republicans have insisted.

Moreover, an analysis by the Joint Committee on Taxation finds that even if the plan does grow the economy, it will still add $1 trillion to the deficit.

It is one thing for Republicans to be irrationally optimistic about trickle-down economics, which has defined their policy for decades, despite its obvious failure. But it is quite another for Republicans to falsify or cover up information to defend their plan. This takes the tax scheme from the realm of bad policy to the realm of public scandal, and the American people deserve immediate answers.


Read More
Michigan’s abortion protections aren’t safe under a 2nd Trump presidency, Emhoff says

Michigan’s abortion protections aren’t safe under a 2nd Trump presidency, Emhoff says

By Lucy Valeski, Michigan Advance - June 25, 2024
‘Democracy begins with each of us,’ Biden says at site of D-Day invasion in Normandy

‘Democracy begins with each of us,’ Biden says at site of D-Day invasion in Normandy

By Jennifer Shutt, States Newsroom - June 07, 2024
Biden campaign launches new ad focused on Affordable Care Act

Biden campaign launches new ad focused on Affordable Care Act

By Kim Lyons, Pennsylvania Capital-Star - May 08, 2024
Trump leaves door open to banning medication abortion nationwide

Trump leaves door open to banning medication abortion nationwide

By Jennifer Shutt, States Newsroom - April 30, 2024
Biden on abortion rights: President expects to give speech Tuesday on new Florida 6-week ban

Biden on abortion rights: President expects to give speech Tuesday on new Florida 6-week ban

By Mitch Perry, Florida Phoenix - April 22, 2024
Biden calls for expanded child tax credit, taxes on wealthy in $7.2 trillion budget plan

Biden calls for expanded child tax credit, taxes on wealthy in $7.2 trillion budget plan

By Jennifer Shutt, States Newsroom - March 11, 2024
AJ News
Latest
Big investors are buying up single-family homes. Sen. Sherrod Brown has a plan to stop them.

Big investors are buying up single-family homes. Sen. Sherrod Brown has a plan to stop them.

By Jesse Valentine - July 09, 2024
New Mexico Senate nom Nella Domenici earned up to $1 million renting out Connecticut home

New Mexico Senate nom Nella Domenici earned up to $1 million renting out Connecticut home

By Jesse Valentine - July 08, 2024
GOP’s Mark Robinson blames bad fathers for social ills despite own son’s criminal record

GOP’s Mark Robinson blames bad fathers for social ills despite own son’s criminal record

By Jesse Valentine - July 03, 2024
Kelly Ayotte’s history of backing Medicare cuts could be hurdle in governor’s race

Kelly Ayotte’s history of backing Medicare cuts could be hurdle in governor’s race

By Jesse Valentine - July 02, 2024
Texas Republican Ken Paxton enlisted outside group to gut rights for pregnant workers

Texas Republican Ken Paxton enlisted outside group to gut rights for pregnant workers

By Jesse Valentine - June 24, 2024
Ted Cruz leverages Trump conviction on podcast for own personal gain

Ted Cruz leverages Trump conviction on podcast for own personal gain

By Jesse Valentine - June 11, 2024
Arizona Republican Kari Lake proposes massive cuts to Medicaid and Medicare

Arizona Republican Kari Lake proposes massive cuts to Medicaid and Medicare

By Jesse Valentine - June 10, 2024
Virginia U.S. Senate candidate Hung Cao says workplace diversity is ‘Marxism’

Virginia U.S. Senate candidate Hung Cao says workplace diversity is ‘Marxism’

By Jesse Valentine - June 06, 2024
Republican Bernie Moreno’s rags-to-riches story exposed as a lie

Republican Bernie Moreno’s rags-to-riches story exposed as a lie

By Jesse Valentine - May 24, 2024
What happens to clinics after a state bans abortion? They fight to survive.

What happens to clinics after a state bans abortion? They fight to survive.

By Chabeli Carrazana and Shefali Luthra - May 22, 2024
Former Sen. Kelly Ayotte took job at Caterpillar after tax fraud probe

Former Sen. Kelly Ayotte took job at Caterpillar after tax fraud probe

By Jesse Valentine - May 21, 2024
Alabama OB-GYN residencies dropped over 20% after Dobbs, state abortion ban, says analysis

Alabama OB-GYN residencies dropped over 20% after Dobbs, state abortion ban, says analysis

By Alander Rocha, Alabama Reflector - May 21, 2024
House GOP celebrates National Police Week while pushing to defund local law enforcement

House GOP celebrates National Police Week while pushing to defund local law enforcement

By Jesse Valentine - May 16, 2024
Evolution denier Mark Robinson could reshape North Carolina’s education system

Evolution denier Mark Robinson could reshape North Carolina’s education system

By Jesse Valentine - May 16, 2024
Republican Jay Ashcroft backs anti-abortion clinics that push lies and disinformation

Republican Jay Ashcroft backs anti-abortion clinics that push lies and disinformation

By Jesse Valentine - May 14, 2024
Republican Sam Brown’s assault on teacher unions could backfire

Republican Sam Brown’s assault on teacher unions could backfire

By Jesse Valentine - May 09, 2024
Florida abortion ban puts GOP Rep. Anna Paulina Luna’s anti-choice views in spotlight

Florida abortion ban puts GOP Rep. Anna Paulina Luna’s anti-choice views in spotlight

By Jesse Valentine - May 07, 2024
Trump leaves door open to banning medication abortion nationwide

Trump leaves door open to banning medication abortion nationwide

By Jennifer Shutt, States Newsroom - April 30, 2024
Republican Caroleene Dobson wants Alabama abortion ban to go nationwide

Republican Caroleene Dobson wants Alabama abortion ban to go nationwide

By Jesse Valentine - April 30, 2024
Ohio Gov. DeWine said he didn’t know of millions in FirstEnergy support. Is it plausible?

Ohio Gov. DeWine said he didn’t know of millions in FirstEnergy support. Is it plausible?

By Marty Schladen, Ohio Capital Journal - April 29, 2024
GOP Rep. Zach Nunn suggests laws against hate crime aren’t needed

GOP Rep. Zach Nunn suggests laws against hate crime aren’t needed

By Jesse Valentine - April 15, 2024
GOP Senate candidate Hung Cao blames racial equity for Baltimore bridge tragedy

GOP Senate candidate Hung Cao blames racial equity for Baltimore bridge tragedy

By Jesse Valentine - March 29, 2024
GOP Rep. Jennifer Kiggans donates thousands to far-right extremists

GOP Rep. Jennifer Kiggans donates thousands to far-right extremists

By Jesse Valentine - March 08, 2024
Ohio senate candidate Bernie Moreno: “Absolute pro-life no exceptions.”

Ohio senate candidate Bernie Moreno: “Absolute pro-life no exceptions.”

By Jesse Valentine - March 07, 2024
Anti-China Republicans pocket thousands from Chinese owned conglomerate

Anti-China Republicans pocket thousands from Chinese owned conglomerate

By Jesse Valentine - March 04, 2024
Republican Eric Hovde makes inconsistent statements about family history

Republican Eric Hovde makes inconsistent statements about family history

By Jesse Valentine - February 26, 2024
Republican David McCormick invests millions in website that platforms Holocaust denial

Republican David McCormick invests millions in website that platforms Holocaust denial

By Jesse Valentine - February 09, 2024
Lawmakers will again take up bills expanding, tightening gun laws

Lawmakers will again take up bills expanding, tightening gun laws

By Annmarie Timmins, New Hampshire Bulletin - January 31, 2024
UAW delivers rousing presidential endorsement for Biden over ‘scab’ Trump

UAW delivers rousing presidential endorsement for Biden over ‘scab’ Trump

By Ashley Murray, States Newsroom - January 24, 2024
Republicans Sam Brown and Jeff Gunter sling mud in Nevada senate primary

Republicans Sam Brown and Jeff Gunter sling mud in Nevada senate primary

By Jesse Valentine - January 17, 2024
A Young Texas Woman Almost Died Due To The Texas Abortion Bans – Now She’s Battling To Save Other Women

A Young Texas Woman Almost Died Due To The Texas Abortion Bans – Now She’s Battling To Save Other Women

By Bonnie Fuller - January 10, 2024
Health care legislation preview: Maryland advocates want to focus on access, patients in 2024 session

Health care legislation preview: Maryland advocates want to focus on access, patients in 2024 session

By Danielle J. Brown, Maryland Matters - January 08, 2024
How GOP senate hopefuls try to excuse the  January 6 insurrection

How GOP senate hopefuls try to excuse the  January 6 insurrection

By Jesse Valentine - January 05, 2024
NH lawmakers will be taking up major voting bills this year. Here are some to watch for.

NH lawmakers will be taking up major voting bills this year. Here are some to watch for.

By Ethan DeWitt, New Hampshire Bulletin - January 04, 2024
Republican US Senate candidates want to make Trump’s tax cuts permanent 

Republican US Senate candidates want to make Trump’s tax cuts permanent 

By Jesse Valentine - December 22, 2023
Rand Paul went all in on the Kentucky governor’s race. It didn’t work.

Rand Paul went all in on the Kentucky governor’s race. It didn’t work.

By - December 15, 2023
Texas governor and attorney general do little to curb state’s chemical plant crisis

Texas governor and attorney general do little to curb state’s chemical plant crisis

By Jesse Valentine - December 08, 2023
Likely GOP Senate candidate Eric Hovde proposed tax hike for poorer workers and retirees

Likely GOP Senate candidate Eric Hovde proposed tax hike for poorer workers and retirees

By Jesse Valentine - December 07, 2023
Whitmer signs specific criminal penalties for assaulting health care workers into law

Whitmer signs specific criminal penalties for assaulting health care workers into law

By Anna Liz Nichols, Michigan Advance - December 06, 2023
105 Republicans voted to expel Santos for things Trump has also done

105 Republicans voted to expel Santos for things Trump has also done

By Jesse Valentine - December 05, 2023
For Texas Sen. Ted Cruz, another Trump term is another chance to kill Obamacare

For Texas Sen. Ted Cruz, another Trump term is another chance to kill Obamacare

By Jesse Valentine - December 04, 2023
Florida Sen. Rick Scott backs Donald Trump in revived push to repeal Obamacare

Florida Sen. Rick Scott backs Donald Trump in revived push to repeal Obamacare

By Jesse Valentine - November 30, 2023
Tate Reeves took donations from power company that hiked customer rates

Tate Reeves took donations from power company that hiked customer rates

By Jesse Valentine - November 06, 2023
Daniel Cameron ran on depoliticizing the Kentucky AG’s office. He made it more political.

Daniel Cameron ran on depoliticizing the Kentucky AG’s office. He made it more political.

By Jesse Valentine - November 03, 2023
Republican operatives sound every alarm on current trajectory of 2023 governor’s race

Republican operatives sound every alarm on current trajectory of 2023 governor’s race

By Adam Ganucheau, Mississippi Today - October 24, 2023
Florida Planned Parenthood PAC endorses five in Senate races and 51 in the House

Florida Planned Parenthood PAC endorses five in Senate races and 51 in the House

By Jackie Llanos, Florida Phoenix - July 19, 2024
At Trump’s GOP Convention, there was little to be heard on health care

At Trump’s GOP Convention, there was little to be heard on health care

By Phil Galewitz, KFF Health News - July 19, 2024
Maine Democrats continue to sound alarm about another Trump presidency

Maine Democrats continue to sound alarm about another Trump presidency

By Emma Davis, Maine Morning Star - July 18, 2024
U.S. appeals court agrees to block central part of new Title IX gender rules for schools

U.S. appeals court agrees to block central part of new Title IX gender rules for schools

By McKenna Horsley, Kentucky Lantern - July 18, 2024
State university board of governors vote to freeze tuition for Pennsylvania residents

State university board of governors vote to freeze tuition for Pennsylvania residents

By Peter Hall - July 17, 2024
On outskirts of RNC, Heritage Foundation touts controversial Project 2025 plan

On outskirts of RNC, Heritage Foundation touts controversial Project 2025 plan

By Ashley Murray, States Newsroom - July 17, 2024