Secretary of the Treasury

Former US banker Steve Mnuchin confirms he will be US treasury secretary

from BBC News,

Former Goldman Sachs executive Steve Mnuchin has confirmed he will be the new US treasury secretary ahead of an official announcement.

Mr Mnuchin told CNBC on Wednesday his priority in his new job would be to cut corporate taxes and boost the economy. He said that cutting taxes would stimulate "huge economic growth". Mr Mnuchin was Mr Trump's campaign finance chairman and has no government experience. He earned a fortune over 17 years at Goldman Sachs investment bank. He told CNBC that most tax cuts would benefit middle-income people. "Any reductions we have in upper income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class," he said.

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