Factopolis

Steve Mnuchin

Steve Mnuchin

We currently have 6 false assertions made by Steve Mnuchin in our database.

Offices Held

  1. United States Secretary of the Treasury (2017-)

Statements

  1. We have one of the highest tax rates in the world.

    Claims

    The US Is One of the Highest Taxed Nations in the World
    It isn’t.
    1. Donald Trump Donald Trump
    2. Jim Renacci Jim Renacci

    Steve Mnuchin has made this claim at least 2 times, from 2017-09-03 thru 2017-10-01.

  2. We want the federal government out of the business of subsidizing the states.

    Claims

    Low-Tax States Subsidize High-Tax States Through the SALT Deduction
    High-tax states tend to get back much less from federal taxes than low-tax states.
    1. Kevin McCarthy Kevin McCarthy
    2. Mick Mulvaney Mick Mulvaney
    3. Sean Duffy Sean Duffy
    4. Paul Ryan Paul Ryan

    Steve Mnuchin has made this claim at least 2 times, from 2017-09-28 thru 2017-10-01.

    Fact Checks

    • Under this particular provision, one could perhaps make the case that they are being subsidized by low-tax states. But when you step back and look at the total revenue and spending picture, blue states could make the case that they are subsidizing other states, as various reports show they receive far less in federal spending than they pay in federal taxes.
      Needs Context
  3. Well Maria, as you know, I’ve lived in New York and California; two of the highest taxed states, so for me this would be a very bad thing, but the right thing for the American People. I think we should get the federal government out of the business of subsidizing states. The federal government has no business subsidizing states from standpoint. This should be fair in that we treat all the states the same way.

    Claims

    Low-Tax States Subsidize High-Tax States Through the SALT Deduction
    High-tax states tend to get back much less from federal taxes than low-tax states.
    1. Kevin McCarthy Kevin McCarthy
    2. Mick Mulvaney Mick Mulvaney
    3. Sean Duffy Sean Duffy
    4. Paul Ryan Paul Ryan

    Steve Mnuchin has made this claim at least 2 times, from 2017-09-28 thru 2017-10-01.

  4. We have one of the highest tax rates in the world.

    Claims

    The US Is One of the Highest Taxed Nations in the World
    It isn’t.
    1. Donald Trump Donald Trump
    2. Jim Renacci Jim Renacci

    Steve Mnuchin has made this claim at least 2 times, from 2017-09-03 thru 2017-10-01.

  5. Chris, most economists believe that over 70 percent of corporate taxes are paid for by the workers. And the fact that the Treasury Department, I think it was eight or 10 years ago, put out a piece otherwise. I don’t believe in that. Our current economic team does not believe in that. There is lots of economic research.

    Claims

    Most Economists Agree That Workers Pay 70% of Corporate Taxes
    Economists are divided on this issue, and some do believe this, but not most.

    Fact Checks

    • We have learned here at FactCheck.org that it is rarely possible to definitively settle arguments between competing economists. But we can say Mnuchin stretches the facts when he says “most economists” share his view.
  6. The President has no intention – the President has released plenty of information and I think has given more financial disclosure than anybody else. I think the American population has plenty of information on this.

    Claims

    Donald Trump Has Provided More Financial Disclosure Than Anyone
    Trump has not released his tax returns, which every major-party nominee for the past 4 decades has done.
    1. Donald Trump Donald Trump

    Fact Checks

    • Trump released a financial disclosure report that all presidential candidates are required to fill out, but the fact that Trump has not released any tax filings undermines Munchin’s claim.
Page last modified 2017-10-31. View history.