Dayton Daily News

Mnuchin’s lies could carry historical consequenc­es

- Robert Reich He is former U.S. Secretary of Labor and is professor of public policy at the University of California at Berkeley.

One of the most dangerous consequenc­es of this awful period in American life is the denigratio­n of the truth, and of the institutio­ns and people who tell it.

There are two kinds of liars — fools and knaves. Fools lie because they don’t know the truth. Knaves lie because they intend to mislead.

Donald Trump is both, because he doesn’t even care enough about the truth to find out what it is.

What about people like Treasury Secretary Steve Mnuchin, Trump’s point person on the Republican tax bills now making their way through Congress?

Mnuchin continues to insist the legislatio­n puts a higher tax burden on people earning more than $1 million a year, and reduces taxes on everyone else.

But the prestigiou­s Tax Policy Center concludes that by 2027, almost all of the benefits of both bills will have gone to the richest 1 percent, while uppermiddl­e-class payers will pay higher taxes and those at the lower levels will receive modest benefits.

So is Mnuchin a fool? His career before he became treasury secretary doesn’t suggest so. He graduated from Yale and worked for 17 years for investment bank Goldman Sachs.

Perhaps Mnuchin doesn’t find the Tax Policy Center credible.

In the age of Trump, even prestigiou­s organizati­ons once considered nonpartisa­n are either “with us” or “against us.”

Problem is, virtually all other studies by every other source show the House and Senate tax bills overwhelmi­ngly benefit the rich and, within a few years, harm the middle class.

Even the Joint Committee on Taxation, the House and Senate’s official scorekeepe­r on tax issues, finds that the Senate’s version of the bill would increase taxes on all income groups making under $75,000 per year.

By 2027, it would give its biggest tax breaks to those making $1 million or more.

Mnuchin’s response? He has none. He just keeps repeating the same lie.

Mnuchin also maintains the Senate and House tax plans won’t cause the federal deficit to rise. “This isn’t about the deficit,” he said recently. “We’ll create economic growth to pay down the deficit.”

But even the Tax Foundation — a major proponent of the corporate tax cuts — estimates the House bill will cause a $1.08 trillion revenue loss over 10 years, and the Senate bill a $516 billion loss.

Assuming Mnuchin isn’t a fool, he’s a knave. He intends to deceive the public.

By doing so he has abandoned his duty to the American people inherent in the oath of office taken by every Cabinet official, in favor of advancing the goals of his boss and other Republican­s in Washington who are desperate to pass their tax bill.

He has also sacrificed credibilit­y and integrity.

Why? Because he’s secretary of the treasury in an administra­tion that has no integrity.

Mnuchin probably assumes most of the public will never know he lied. Even those who know will soon forget. In this era of Trumpian big lies, there are no consequenc­es for lying.

But history may not be kind to Steve Mnuchin.

Over the last century, authoritar­ian and fascist regimes have intentiona­lly and systematic­ally denigrated the truth.

The knaves who helped them are remembered in ignominy.

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