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Treasury chief says U.S. can achieve 3 percent economic growth
May 19, 2017, 05:00 AM The Associated Press

WASHINGTON — Treasury Secretary Steven Mnuchinsays a goal of 3 percent economic growth is achievable if the United States makes historic changes in taxes and regulation.

Mnuchin is testifying before the Senate Banking, Housing and Urban Affairs Committee — his first appearance before that committee since being sworn in.

He says 100 people at his department are working on overhauling the tax system — and the Trump administration’s goal is to bring “meaningful relief” to the middle class and makes American businesses competitive.

Mnuchin says the Treasury Department is preparing a report on regulatory changes for the finance system. He says it’ll be broader than undoing much of the Dodd-Frank law enacted under President Barack Obama.

Mnuchin says the report will focus on providing relief to community banks.

 

 

Tags: mnuchin,


Other stories from today:

Car mows down Times Square pedestrians for blocks, kills one
Russian Foreign Minister mocks U.S. media over intelligence-sharing reports
Trump, dogged by questions at home, makes first trip abroad
 

 
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