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Treasury Secretary Steve Mnuchin Comes to Columbus to Sell GOP Tax Plan

photo of Steve Mnuchin

The Treasury Secretary came to Columbus to promote Republican lawmakers’ $1.5 trillion tax reform plan, which they say will grow the economy, make the tax code simpler and create a middle-class tax cut. Not everyone agrees.

photo of David Pepper
David Pepper talks to reporters outside the Mnuchin event.

Protestors were waiting for Steve Mnuchin, led by Ohio Democratic Party Chair David Pepper, who said Ohio has trailed the national recovery for 57 months and suffered with stagnant wages for decades.

“It’s ironic that he’s here to tout a trickle-down economics plan when the very approach in Ohio has actually been such a glaring failure.”

Inside the luncheon with the Ohio Council of Retail Merchants, Mnuchin spoke to a mostly friendly audience, though he was asked about a controversial point – limiting or eliminating the federal deduction for state and local taxes.

“Fundamentally we believe that the federal government should get out of the business of subsidizing the states.”

Mnuchin said he thinks lawmakers will land on dropping the 35 percent corporate tax rate to what he called a very competitive rate of 20 percent. He said the House will vote on its version on Thursday and the Senate will vote on its separate bill after Thanksgiving, but Mnuchin said he’s confident there will be a plan for Trump to sign by the end of the year. The Congressional Budget Office has said unless Congress waives a specific rule, this tax cut could trigger $136 billion in automatic spending cuts.

Karen is a lifelong Ohioan who has served as news director at WCBE-FM, assignment editor/overnight anchor at WBNS-TV, and afternoon drive anchor/assignment editor in WTAM-AM in Cleveland. In addition to her daily reporting for Ohio’s public radio stations, she’s reported for NPR, the BBC, ABC Radio News and other news outlets. She hosts and produces the Statehouse News Bureau’s weekly TV show “The State of Ohio”, which airs on PBS stations statewide. She’s also a frequent guest on WOSU TV’s “Columbus on the Record”, a regular panelist on “The Sound of Ideas” on ideastream in Cleveland, appeared on the inaugural edition of “Face the State” on WBNS-TV and occasionally reports for “PBS Newshour”. She’s often called to moderate debates, including the Columbus Metropolitan Club’s Issue 3/legal marijuana debate and its pre-primary mayoral debate, and the City Club of Cleveland’s US Senate debate in 2012.