Jack Lew meets the Senate Finance Committee
It looks like we're getting a new Treasury Secretary.
Jack Lew -- formerly of the Clinton Administration, Citigroup, and bearer of a notably loopy signature -- faced an array of questions from the Senate Finance Committee during his confirmation hearing.
President Obama's pick to succeed Timothy Geithner seems to have come out on the other end without any scratches ... But not without a few exchanges on trade rule enforcement with Senators Sherrod Brown (D-OH) and Bob Casey (D-PA), and another on manufacturing-friendly tax reform with Senator Debbie Stabenow (D-MI).
On the subject of tax reform, Lew said:
"We ought to have a preference for manufacturing in the tax code. Broader base and lower rate makes manufacturing investment more attractive but must be bipartisan since each particular incentive has support."
We agree, Mr. Lew! Glad to hear that this talking point from President Obama's State of the Union address made it into your testimony.
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