Carper Votes Against Steven Mnuchin Nomination

WASHINGTON – U.S. Senator Tom Carper (D-Del.), a senior member of the Finance Committee, released the following statement after voting against the nomination of Steven Mnuchin to serve as Treasury Secretary.

“Last month, I announced my opposition to the nomination of Steven Mnuchin to be our next Treasury Secretary because I do not have confidence in his depth of policy knowledge, economic decision-making experience or his ability to help Americans of all incomes compete and win in the global economy. During President Trump’s campaign, Mr. Mnuchin helped craft economic proposals that include the tried-and-failed tax cuts for high-income households that exacerbate inequality while increasing deficits. Considering our president’s pledge to make Mr. Mnuchin his ‘point person’ for tax reform, I have grave concerns about how his input will impact hard-working Americans.

“Unfortunately, Mr. Mnuchin has yet to fully address serious concerns with his business career, particularly his actions during the Great Recession. Mr. Mnuchin has also made clear his intentions to weaken the Consumer Financial Protection Bureau (CFPB), which was established to protect the millions of Americans who fell victim to predatory business practices during our financial crisis. The CFPB’s mission to protect consumers from bad actors in the business community is more important than ever, and middle class American families would be better served by a Treasury Secretary who shares that point of view.”