Tag: Treasury Secretary Steven Mnuchin

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Dr. Anthony Fauci : “extended lockdowns could cause “irreparable” harm and worse health outcomes”

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the staff of the Ridgewood blog

Ridgewood NJ, Dr. Anthony Fauci,  the nation’s top infectious-disease expert, told CNBC on Friday that extended lockdowns could cause “irreparable” harm and worse health outcomes. Fauci went on,

“We can’t stay locked down for such a considerable period of time that you might do irreparable damage and have unintended consequences, including consequences for health,”

This was followed by Treasury Secretary Steven Mnuchin ,who told the Senate earlier this week that there was a risk of “permanent damage” to the economy if states kept strict restrictions in place.

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NJ Governor Phil Murphy Heads to Washington Looking for a Federal Bailout

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the staff of the Ridgewood blog

Trenton NJ, Governor Phil Murphy is scheduled to visit the White House this morning to meet with President Donald Trump as New Jersey seeks federal help to cope with the health and economic crisis of the coronavirus pandemic.

Continue reading NJ Governor Phil Murphy Heads to Washington Looking for a Federal Bailout

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Senate Nears Deal on $370 billion for Coronavirus small business loan programs, Hospital Aid and More Testing

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No funding for state and local governments

the staff of the Ridgewood blog

Ridgewood NJ, In a blow to Governor Murphy, Treasury Secretary Steven Mnuchin said earlier Sunday the White House and Congress could reach a deal today on supplemental funding for small businesses. Mnuchin said President Trump is prepared to discuss funding for state and local governments in the next bill while this package focuses on loans to small businesses and hospitals and testing.

Continue reading Senate Nears Deal on $370 billion for Coronavirus small business loan programs, Hospital Aid and More Testing

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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.”