Tag: Treasury Secretary

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Treasury Secretary Scott Bessent Jokingly Compares His Feuds to Alexander Hamilton

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Treasury Secretary Scott Bessent Invokes Hamilton in “Dueling” Quip

the staff of the Ridgewood blog

Washington DC, in a recent interview, Treasury Secretary Scott Bessent made headlines for a historical quip that sheds light on the internal dynamics of the Trump administration. Responding to a report that he threatened to punch Federal Housing Finance Agency chief Bill Pulte, Bessent joked that Treasury leaders “have a history of dueling,” referencing none other than Alexander Hamilton.

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Treasury Secretary Calls individuals looking to skirt new limits on deducting state and local taxes “ridiculous,”

Treasury Secretary Steven Mnuchin

February 13,2018

the staff of the Ridgewood blog

Washington DC, The idea that individuals will skirt new limits on deducting state and local taxes is “ridiculous,” Treasury Secretary Steven Mnuchin said in January, highlighting concerns that people might be able to pay property taxes and claim them as a charitable deduction.

The Secretary continued ,“Let me just say again from a Treasury standpoint and IRS, I don’t want to speculate on what people will do, but I think it’s one of the more ridiculous comments to think you can take a real estate tax that you are required to make and dress that up as a charitable contribution,”

Mnuchin told reporters at the daily White House press briefing. “I hope that the states are more focused on cutting their budgets and giving tax cuts to their people in their states than they are in trying to evade the law.”