Speed Reads

senate confirmations

Steven Mnuchin sidesteps questions about ObamaCare tax cuts

President-elect Donald Trump's treasury secretary nominee, Steven Mnuchin, did not necessarily find friendly faces among each and every Republican on the Senate Finance Committee. During Mnuchin's hearing Thursday, Sen. Dean Heller (R-Nev.) repeatedly pressed Mnuchin, specifically on the issue of the tax cut that comes with repealing ObamaCare.

Mnuchin did not directly commit to an answer: "I haven't been as involved in the 'repeal and replace,'" he said, when asked who would benefit from the tax cut that would come with repealing the Affordable Care Act.

Sen. Claire McCaskill (D-Mo.) also pressed Mnuchin on whether any taxpayer making under $200,000 a year would see even "a dime" of the ObamaCare tax cuts. Mnuchin admitted most of the ObamaCare taxes currently in place are on the wealthy — who would then stand to benefit if they were repealed — but asserted that tax reform "overall" will be scrutinized.