Mnuchin: No Plans to Replace Jackson on $20 Bill

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Mnuchin: No Plans to Replace Jackson on $20 Bill

After the announcement, many were looking forward to dropping Tubmans. Now, we may not have the chance to.

According to CNBC, Treasury Secretary Steve Mnuchin is focusing on different initiatives, but will look at whether or not to replace Jackson in the future. The administration's plans thus far have been short on details, but they generally seek to lower the corporate tax rate from the highest in the world at 35 percent to as low as 15 percent. "Right now we have a lot more important issues to focus on", Mnuchin said. "And that's what I'm focused on for the most part".

A portrait of Jackson hangs over Trump in the Oval Office.

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"Well, Andrew Jackson had a great history, and I think it's very rough when you take somebody off the bill", Trump said past year.

"The decision to put Harriet Tubman on the new $20 was driven by thousands of responses we received from Americans young and old", Lew said in an open letter past year. Yes, I think it's pure political correctness. She described it as a successful effort to make the financial system stronger following the 2008 financial crisis.

Wait a minute on that plan to put Harriet Tubman on the $20 bill.

Mnuchin's being a little disingenuous to suggest that keeping Jackson on the 20 is about sticking with the status quo.

Mnuchin told lawmakers in July they needed to raise the debt limit by Sept 29, otherwise the USA government might not have enough money to pay all its bills. And this is something we will consider.

Finally, the secretary made it clear that any changes to the $20 or any other bill won't be done to get rid of white supremacists, but to stop crime.

Under the Obama administration, officials also emphasized the need to change bills to prevent counterfeiting, but felt the opportunity to pay homage to leaders of the suffrage and other civil rights movements was an added benefit. I've received classified briefings on that.

Treasury Secretary Steven Mnuchin says the original goal of getting Congress to pass comprehensive tax reform by August "got delayed a bit", but the administration is still on track to have a measure signed into law by the end of this year.

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