Trump's Treasury pick backs away from border tax

Donald Trump's choice for Treasury secretary, Steven Mnuchin, yesterday said the administration isn't planning an across-the-board border tax.

"He hasn't suggested a border tax," Mnuchin said during his confirmation hearing before the Senate Finance committee. "What he's suggested is that for certain companies that move jobs ... that there may be repercussions to that. He has not suggested in anyway an across-the-board 35 percent border tax.

"That couldn't be further from anything he'd possibly consider."

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