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Detailed text transcripts for TV channel - FOXNEWS - 20170119:16:59:00

Position, potentially, as treasury secretary. we do expect his approval despite the opposition. rick perry is also on capitol hill, the nominee for energy secretary. quite a lot of news happening down in the capital, eric, about 24 hours before we will see the president inaugurated. a eric: but first they have some pretty sharp questions from the democrats with mr. mnuchin especially dealing with the fact that he seemed to leave information out of his financial disclosure forms, the $100 million in real estate he has, he said that was his lawyer, and he also fought back against the criticism over the foreclosures with one west bank that he bought, saying that that was the system and that he very much regretted many of those disclosures. jenna: as a reminder, we are in somewhat of uncharted territory when it comes to the nominees for trump s cabinet. you have these individuals that are not public officers that have operated very much in the private sector that are entering into this ....

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Detailed text transcripts for TV channel - FOXNEWS - 20170119:16:24:00

Close these tax issues that make no sense and make sure that we are collecting the proper amount of taxes. so you would support closing those loopholes. i would support changing the tax laws to make sure that they are simpler and more effective, yes. thank you very much, senator hatch, and mr. mnuchin i appreciate your being here, your willingness to go through this and to serve the american peopl people. we truly need the kind of vision that president trump has enunciated for the country and that you ve committed to help work with him to achieve. as a part of that, one of the things that you ve already mentioned today is, and i m paraphrasing you here, but i believe you said in essence that we have a regulatory excess in the united states in many circumstances that can, and is, inhibiting lending and inhibiting capital formation, the two very important things that i think are critical to a ....

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Detailed text transcripts for TV channel - FOXNEWS - 20170119:16:16:00

Full extent of authorized law and bring in this tax money that is not being collected? yes, senator, and first of all if you are just joining us, welcome to happening now, as we are taking in a couple of very important live event center program. 11:15 eastern time, as we head toward a very historic day, that is inauguration day tomorrow in washington, d.c. that is steven mnuchin, who is trump s nominee for secretary of the treasury. he is currently before the senate finance committee, this is part of his hearing in order to be approved for that position. the other live picture that you are seeing, and perhaps we can go back to that unless we lost it in the control room, we have been watching the journey of president-elect donald trump from trump tower to laguardia airport, and it is our understanding, this is the picture we have from wnyw, our affiliate in new york city, that this is a plane that donald trump will be on as he heads to washington, d.c., today. on his schedule, a ....

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Detailed text transcripts for TV channel - FOXNEWS - 20170119:16:11:00

Thank you. i m glad you are talking about that, because i very much agree with you. so my question to you, mr. mnuchin, is how to address this problem. do you have any suggestions for how to make the internal revenue code less complex, or at least keep it from getting more complicated, and would you recommend a moratorium on either tax legislation or tax regulations, and should the tax laws simply tried to raise revenue for the government and stop trying to achieve so many other social goals or societal goals? yes, senator, i agree with you completely. on one of the things, it has been a great honor to travel with the president-elect, and i ve been one of the chief architects of his economic plans. we believe the most critical issue is creating economic growth and passing tax reform is a major component of that. and our tax reform plan we believe the tax simplification and fewer deductions are absolutely critical. now you mentioned about the tax ....

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Detailed text transcripts for TV channel - FOXNEWS - 20170119:16:58:00

i m just going to ask you to go to that one issue if you would. it s not a trick question. i wrote down five of them i wanted to comment on. just on trade agreements. i think as you know, the president-elect is very much interested in free and fair trade, and as you commented on, this is not about limiting imports, this is about growing exports as much as we can be. you ve also commented on intellectual property, i think one of the biggest problems, an and, our american intellectual property is not being kept, and it is being taken in foreign countries. you ve mentioned nafta, the president-elect is very much interested in renegotiating nafta, so that we can keep more jobs here. i think, as you know, he has picked up the phone and called many ceos, i can t member the last time a president or president-elect did that and worked for the american people. jenna: steven mnuchin answering questions in the senate hearing to assume his new ....

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