Several Senators Ask Treasury Secretary Nominee Mnuchin About the NMTC

Several Senators Ask Treasury Secretary Nominee Mnuchin About the NMTC

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As is customary, members of the Senate Finance Committee submitted written questions to Treasury Secretary Steven Mnuchin following his confirmation hearing on January 19th. Senators Wyden, Cardin, Cantwell, and Brown probed the Trump Administration's interest in the NMTC in the context of both tax reform and Trump's interest in revitalizing low income urban neighborhoods and rural towns. Mnuchin did not commit one way or the other on the NMTC or other tax credits, as is expected at the beginning of a tax reform process, but rather, promised to review the NMTC and to ensure that tax reform benefits long-distressed communities. Below, find the written questions and Mnuchin's answers.  Senator Ron Wyden During the campaign, the President often expressed his intention to bring jobs and investment back to low income, high unemployment rural communities,…
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