Finance Minister Steven Mnuchin told CNBC on Wednesday that President Donald Trump's economic plan was in place, and he seized the opportunity, which his party perceives as a growing fascination for left-wing socialism.
Trump also criticized what he considered a growing movement among left-wing legislators to be the economic philosophy of socialism.
"Here in the United States, we are alarmed by new demands to adopt socialism in our country. America was founded on freedom and independence ̵
A number of Democrats, including Sens. Charles Schumer and Elizabeth Warren, have recently doubled their claims to income inequality in the United States. Schumers New York Times has spoken with Sen. Bernie Sanders of Vermont – a self-proclaimed Democrat-Democrat who has arranged to meet with Democrats-with a call to Wall Street to limit the withdrawal of company shares When he told CNBC, he was surprised to see Schumer associate his name with the opposition after the long history of the Democrat was established in New York, where many of the nation's financial companies operate.
"Businesses must To provide capital. This is something important to the growth of the US economy, "said Mnuchin." It is a fundamental premise that if companies can not invest capital productively, they can return it to shareholders. This gives shareholders the right to invest in other areas. "
Warren, D-Mass., Beat a wealth tax on households worth more than $ 50 million, while MEP Alexandria Ocasio-Cortez, DN.Y., an income tax of 70 percent over $ 10 million Ocasio-Cortez has attracted attention in Washington and Wall Street for their leftist policies, even though they were sworn in just last month. " 19659003] Recent indicators show that the US employment market remained healthy at or near full employment and GDP growth, with the unemployment rate rising to 4 percent in January, partly due to more Americans returning to work  "We still have very strong employment levels," Mnuchin said, "I think you have just witnessed the beginning of the tax reform, I think you will see that he kick gets very strong again. "