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Mnuchin: Democrats are holding up benefits to hardworking Americans - YouTube
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white house negotiators and democratic
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congressional leaders met
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11 times to discuss a coronavirus relief
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package
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before president trump took his
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executive action yesterday
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joining us now from the white house
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treasury secretary steven mnuchin mr
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secretary
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welcome back to fox news sunday thank
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you chris it's good to be with you
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you just heard speaker pelosi's reaction
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to the steps that president
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trump took yesterday your response well
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first of all let me just say
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it was the president's first choice for
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us to go up and negotiate a fair deal so
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mark meadows and i
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negotiated non-stop we went through
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every single line item
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with them for two weeks let me just give
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you a sense of this on education they
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wanted a hundred billion we agreed to
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105 billion
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they then raised their number to 400
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billion as the speaker just said they
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wanted money for food
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we compromised on food we actually
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reached an agreement on that
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we had the postmaster general up we
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couldn't wait let me ask you about
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what mr secretary let me just ask you
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about that because she kept referring to
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250 000
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for food relief is that true no we came
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up to a very fair compromise we actually
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reached an agreement on what they wanted
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without long-term changes on policy and
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we knocked that off the list
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but let me just tell you what they've
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refused to negotiate on
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we said tell us where you are in a
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compromise for state and local
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they said word a trillion dollars we
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said tell us where you are in enhanced
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unemployment
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we told the american people we'll keep
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it at 600 while we negotiate
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for a week or two they refuse to do that
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those two issues
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they've refused any compromise on mostly
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every single other issue
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we've reached an agreement and what
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happened on friday was
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they said well call us back we said to
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the president look
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now you've got to move forward with
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executive action so that you can help
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american workers and american people
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but mr secretary let's talk about what
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the president's actions that he took
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yesterday we've talked about what they
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did let's talk about what they
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don't do they don't provide another
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twelve hundred
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dollar direct payment to people they
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don't
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uh restore the payroll protection
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program which helps small businesses
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that
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ran out yesterday uh here's what
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democrats said during the negotiations
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there are real needs america knows they
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have real needs the public is on our
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side
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but they would seem not to be willing to
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go in a direction
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that would meet those needs it's hard
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when your values are so
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different in terms of bubble up from the
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working class families
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instead of trickle down from above
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mr secretary you heard speaker pelosi
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says she would like to resume
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talks are you ready to do so and frankly
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given
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these differences in what you heard from
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her today why should we think
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that negotiations this week would go any
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better than
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the failed negotiations of the last two
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weeks
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well chris i i've talked told the
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speaker and senator schumer anytime they
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have a new proposal
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i'm willing to listen but let me just
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say you're right we agreed with the
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democrats we both want to send
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more checks to the american workers we
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want to send more ppp
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to those hardest hit businesses we've
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said let's pass legislation on the
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things we agree on
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and knock these off one at a time and
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they've refused to do that
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until they get their trillion dollars
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for the states i've also spoke to many
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governors over the last few days
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we offered more money for the states
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they still have 150 billion from last
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time
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most of them haven't even used half of
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the money the governors are saying
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we need more money for education we need
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help and the president said
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we'll give it to you but not a trillion
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dollars
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uh mr secretary i want to refer to
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something that that
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speaker pelosi referenced and that was
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the comment from republican senator
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ben sasse that this governing by
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executive action
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is his words unconstitutional
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slop what makes you think that spending
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over a hundred billion dollars that
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congress has not appropriated for these
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specific purposes
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is legal and what happens if there's a
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court suit
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and all of the actions that the
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president took yesterday
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are blocked by a federal court well
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chris let me just say we've cleared with
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the office of legal counsel all these
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actions before they went to the
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president
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the president knew unemployment
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insurance was ending
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he said let's continue at 400 by the way
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the 25 percent from the states
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they can either take that out of the
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money we've already given them or the
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president can waive that
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we've been told by the states they can
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get this up and running immediately
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and i would say if the democrats want to
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challenge us in court and hold up
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unemployment benefits to those
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hard-working americans that are out of a
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job
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because of covet they're going to have a
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lot of explaining to do
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as we say you have cut the federal
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unemployment benefit from 600 to 400
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300 from the feds a hundred dollar this
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is a week
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a hundred dollars from states but you
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say a lot of that would come from
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federal money they've already received
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do you really think that the that the
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hundreds of millions of
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the millions of families that lost jobs
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because of the virus
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don't need that money that they don't
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need the extra two hundred dollars a
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week
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chris let me be clear first of all on
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the 25 percent that's coming from money
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we already gave the state so this is
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effectively a hundred percent
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paid for by the federal government let
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me also remind you
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that obama during the financial crisis
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paid a 25
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top up so this has never been done in
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the history of time
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we thought 400 was a fair compromise but
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let me just also say
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we offered to continue to pay 600
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dollars while we negotiate
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and the democrats turned that down so
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the president sir
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that was only for one week that was only
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for one week
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actually chris we extended it to two
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weeks but they made perfectly clear
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they're not going to agree on a
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piecemeal deal they want to hold up the
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american public from getting the money
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they need
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until they get everything they want
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which is just a bad outcome as i said
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let's talk about another issue and that
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is the suspension
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of payroll taxes which even a number of
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republican senators oppose there
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two issues there seem to be here first
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of all suspending payroll taxes
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doesn't help the the millions of people
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who are out of jobs and don't
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have to pay payroll taxes so they don't
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get a benefit there and it's also not a
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payroll tax cut
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it's a payroll tax suspension isn't
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there a danger that a lot of businesses
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won't pass this these savings through to
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workers because they're going to hold on
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to the money
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in as much as at some point according to
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this executive action by the end of the
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year
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those payroll taxes are going to have to
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be paid anyway
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well chris we the president wanted to do
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a payroll tax cut
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we could do the payroll tax deferral
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he's going to go to the american people
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and tell him that
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when he's reelected he will push through
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legislation to forgive that so in
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essence
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it will turn into a payroll tax cut but
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let me just also say
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for the hard-working people that don't
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have jobs that's why we've extended the
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four hundred dollars
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what we should be doing is let's pass
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legislation
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on seventy or eighty percent of the
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things that we agree on so we can get
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money immediately to the american public
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schools need to reopen safely i've
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spoken to many of the governors both
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democrats and republicans
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they need this money we have more than
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enough money to give it to them
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and their the speaker is holding that up
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i want to pick up on what you just said
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that if the president's re-elected he
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would like to
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cut the payroll tax the payroll tax is
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what finances social security the
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payroll tax
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is what finances medicare democrats are
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now saying
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if president trump is re-elected he's
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going to gut those programs because he's
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going to gut the tax that pays for them
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chris that's not the case there would be
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an automatic contribution from the
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general fund to those trust funds
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the president in no way wants to harm
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those trust funds
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so they'd be reimbursed just as they've
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always been in the past when we've done
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these types of things
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so so you're saying that there'd be no
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payroll tax cut there'd be an
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income uh tax what increase because
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we're all running
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already running huge deficits so how are
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you going to pay for it from the general
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fund
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chris there's a payroll tax cut which is
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like any other tax
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cut to hard-working americans and you
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just have a transfer
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from the general fund so during fiscal
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times
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we're we're focused on tax cuts
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regulatory relief direct payments to
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americans
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we'll deal with the the the budget
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deficit when we get the economy back to
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where it was before
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right now we're focused on delivering
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very needed relief to american families
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that been have been impacted by this
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terrible covet
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economic issue i
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i just to be clear here though the
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democrats are saying the result of a
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payroll tax cut
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is it would mean a cut in benefits for
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social security and medicare
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to which you say that's just factually
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inaccurate there'd be
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no reduction to those benefits and the
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president's made that very clear
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but the issue here is let's pass
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legislation
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on things that we agree on let's not
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hold up money
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to education for kids getting back to
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school
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safely let's not hold up money to
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state and local governments where they
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need it the
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democrats have to come off of a
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ridiculous trillion dollar
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number to state and local governments to
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bail out some of the
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the states that were poorly managed well
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let me just ask briefly on on that
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they're talking 900 billion not quite a
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trillion but 900 billion you're talking
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150 billion
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is there a place in between there first
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aid to states and cities
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chris they're actually asking for 915
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plus the reversal of salt which gets you
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over to a trillion but
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uh on us we gave 150 in the last bill
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we'll give another 150 billion more we
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can deal with in january if there's
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ongoing issues we can pass more
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legislation this will be the fifth bill
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we don't have to get everything done at
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once what we should do is get things
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done for the american public
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now come back for another bill
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afterwards all right i got about a
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minute left and i got a big question and
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i'm gonna
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count on you to give me a quick answer
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let's turn to the economy
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and the latest jobs numbers let's put
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them up on the screen
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uh in may we added 2.8 million jobs
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we added 84.8 million in june but in
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july
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only 1.8 million that's still
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so clearly the job creation is slowing
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down and that's still
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less than half of the jobs that were
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lost in march and april
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now we see a resurgence of the virus a
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spike in the virus and parts of the
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country reopenings or slowing down
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or even stopping isn't the
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vitality of this recovery being
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threatened isn't the
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the v shape turning into some other
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letter of the alphabet
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chris is you know we literally shut down
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the us economy we're bringing back jobs
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we brought back a lot
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the president's work's not done until we
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get all the jobs back
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and that's why he wants to continue to
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send money to the american public so
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this economy comes back
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and everybody gets their jobs back
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mr secretary thank you thanks for
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joining us you're always welcome here
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sir
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thank you chris
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