Arunma Oteh

A Conversation with Steven Mnuchin, U.S. Department of the Treasury | Global Capital Markets

Steven Mnuchin, Maria Bartiromo, Mohamed El-Erian, Thomas Finke, Scott Minerd, Arunma Oteh, David M. Solomon

Treasury Secretary Stephen Mnuchin presented a comprehensive tax reform plan designed to raise U.S. GDP growth from 2% to 3% by simplifying the code, lowering the corporate flat rate to 15%, and eliminating the alternative minimum tax. The administration anticipates these cuts may initially widen the deficit but projects long-term revenue gains of $2 trillion to offset costs, while simultaneously preparing to enforce reciprocal trade tariffs and expand sanctions on adversarial nations. Complementing these fiscal and foreign policy shifts, financial sector leaders warn that while deregulation could boost profitability, current market valuations may be ahead of actual legislative delivery and execution risks.