U.S. Senator Tammy Baldwin Releases Statement on Nomination of Wealthy Insider with Deep Roots on Wall Street for Treasury Secretary
“Wisconsin families struggling to get ahead do not want foxes guarding the hen house.”
WASHINGTON, D.C. – U.S. Senator Tammy Baldwin released the following statement on President-elect Trump’s nomination of hedge fund manager Steven Mnuchin for United States Secretary of the Treasury:
“The Republican establishment now owns Washington and this is more proof that Wall Street, big banks, hedge funds and billionaires will be writing the rules to make a rigged system work for them. This is another broken promise from Donald Trump to ‘drain the swamp’ in Washington and not the change hardworking people in Wisconsin voted for.
“Wisconsin families struggling to get ahead do not want foxes guarding the hen house. They do not want a wealthy Wall Street insider making Washington work for hedge funds and big banks. I have never been afraid to stand up to these powerful interests in Washington and I will continue my fight for the people of Wisconsin to build an economy that works for everyone, not just those at the top.”
On October 22, 2016, as a candidate, Donald Trump said, “I’ve seen the system up close for many years. I’ve been a major part of it. I’ve seen how the game works in Washington and on Wall Street. And I know how they’ve rigged the rules of the game against everyday Americans.”
On November 17, 2016, Senator Baldwin sent a letter to President-elect Trump, calling on him to keep his promise to make Washington work for Wisconsin by closing the revolving door between Wall Street and Washington and not appointing “foxes to guard the hen house.”
On August 20, 2015, as a candidate, Donald Trump said, “I have hedge fund guys that are making a lot of money that aren’t paying anything. I would change it. They’re paying nothing. And it’s ridiculous.”
Senator Baldwin has introduced legislation, the Carried Interest Fairness Act, to close the carried interest tax loophole for wealthy hedge fund managers and require the managers of investment partnerships to pay the same tax rates on their income that most American workers pay.
An online version of this release is available here.
Press Releases by U.S. Sen. Tammy Baldwin
Wisconsin manufacturers and workers deserve a solid commitment from Washington on a strong Buy America standard that rewards their hard work
Many people in Wisconsin at risk of losing coverage for substance use disorder prevention, treatment, and recovery services
Bipartisan legislation boosts the health care workforce to help Americans with life-threatening illnesses
American Health Care Act would jeopardize coverage for 24 million Americans, including 2.8 million suffering from a substance use disorder
U.S. Senators Baldwin, Tester and Gillibrand Push Administration to Provide Trauma Services for Victims of Military Sexual HarassmentMar 20th, 2017 by U.S. Sen. Tammy Baldwin
Reports surfaced recently that members of the U.S. Marine Corps have been posting nude photos of fellow female service members on an invite-only Facebook Group without their knowledge or consent.
President Trump’s Budget Eliminates Investments in Great Lakes, Tells Governor Walker to Provide FundingMar 16th, 2017 by U.S. Sen. Tammy Baldwin
Senator Baldwin to Governor Walker: “What is your plan to provide the funding for the Great Lakes Restoration Initiative that President Trump’s budget would eliminate?”