Published On: Tue, Apr 3rd, 2018

Trump declares John Muzinich as the new Deputy Secretary of Treasury

Muzinich as the new Deputy Secretary of Treasury

President Trump of USA has declared his thoughts for nomination of John Muzinich as the new Deputy Secretary of Treasury for the Treasury Secretary, Steven Mnuchin. The statement was released from White House on Monday morning.

Trump declares John Muzinich as the new Deputy Secretary of Treasury

White House statement added to duties of John Muzinich by saying that he will advise Mnuchin on tax reforms, domestic & international policy initiatives.

The statement further added about qualification of Muzinich that before being elected for this post. John Muzinich was the president of  an investment firm named Muzinich and Co. he was also teaching at Columbia Business School.

New York Times criticized that for a long time the seat of Deputy Treasury Secretary was not even in the record and treasury continued its work without its presence. The seat of Deputy Treasury Secretary overlooks a broad portfolio which includes matters like taxes, financial regulation, trade and economic sanctions.

Also See:President Trump declares that Obama era DACA program is no more

Trump has been reported in revitalizing his economic team in past few weeks, this started with Trump appointing Larry Kudlow as the new director of the National Economic Council who replaced Gary Cohn.

The Times issued a statement about John Muzinich,

“The man who has spent most of his life in Wall Street will add his powerful abilities along with his economic idea to table”.

The 40 years old Muzinich has been serving Mnuchin as his Tax Counselor and also played an important role in clearing the 1.5 trillion dollar tax issue passed by US Congress last year.

Mnuchin told The Times interviewers that Muzinich is very much welcome in department and he has already established himself as he leader here. He played the major role for the passage of Tax Cuts and Jobs Act.

Secretary of Treasury further added n his comments,

“Muzinich has brought a new and important experience in both finance services and public policies. He is my one of the most trusted and reliable advisor in department”.

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