Bernie Sanders' 'very, very different' economic plan is unlikely to triumph over President Donald Trump's if he wins the Democratic Party presidential nomination, according to U.S. Treasury Secretary Steven Mnuchin.
, including implementing single-payer health care, canceling student debt, fighting income inequality and combating what he deems corporate greed.
U.S. income inequality recently hit a 50-year record and is the highest of any of the G-7 nations, according to OECD data. In a study conducted in September 2019, the Pew Research Center also found thatIn an entrance poll prior to the Nevada voting, 43% of Democratic caucus-goers cited health care as their primary issue with 62% saying they supported replacing private insurance with a single government plan.
Trump released his 2021 budget proposal earlier this month, proposing substantial cuts to public services, protections and health care in a bid to provide a short-term boost to economic growth. The Trump administration is also readying a further round of the corporate tax cuts signed into law in 2017.
"I see the economy being a very strong factor in the president's re-election, and as you look at the U.S. economy relative to the world economy, the U.S. is the bright spot on world growth," Mnuchin said.
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