AP Economics Author
WASHINGTON (AP) – Treasury Secretary Steven Mnuchin is elevating hypothesis that Harriet Tubman’s future on the $20 invoice might be in jeopardy.
In a CNBC interview, Mnuchin on Thursday prevented a direct reply when requested whether or not he supported the choice made by the Obama administration to switch Andrew Jackson on the $20 invoice with Tubman, the nineteenth century African-American abolitionist who was a pacesetter within the Underground Railroad.
“Individuals have been on the payments for an extended time period,” he stated. “That is one thing we’ll contemplate. Proper now, we’ve got much more essential points to give attention to.”
Throughout final yr’s marketing campaign, Donald Trump praised Jackson, the nation’s seventh president, for his “historical past of super success” and stated the choice to exchange his portrait with that of Tubman was “pure political correctness.”
Trump advised through the marketing campaign that one risk can be to place Tubman on one other invoice and depart Jackson on the $20. He and Ben Carson, presently secretary of housing and concrete improvement, had each instructed through the GOP primaries that Tubman may go on the $2 invoice as an alternative.
Then-Treasury Secretary Jacob Lew introduced final yr that he had determined to put Tubman on the $20 invoice as a part of a make-over of the nation’s foreign money to enhance security measures on the payments. The brand new foreign money bearing Tubman’s portrait was scheduled to be unveiled in 2020, the a hundredth anniversary of passage of the nineteenth modification giving ladies the proper to vote.
Lew arrived on the determination to displace Jackson on the $20 invoice after producing a loud outcry with an preliminary proposal to place a lady on the $10 invoice changing Alexander Hamilton.
Within the CNBC interview, Mnuchin stated, “The primary problem why we modify the foreign money is to cease counterfeiting. So the problems of why we modify it is going to be primarily associated to what we have to do for safety functions.”
Sens. Chris Van Hollen and Ben Cardin, each Maryland Democrats, wrote a letter to Mnuchin on Thursday urging him to not abandon plans to put Tubman, who was born in Maryland as a slave, on the $20 invoice.
“These we honor on foreign money make a press release about our nation and our values,” the senators wrote.
On the White Home, press secretary Sarah Huckabee Sanders advised reporters, “I am not…