Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary.
· 2d · on MSN
Treasury nominee Scott Bessent clears key Senate hurdle on way to likely confirmation
· 2d
Senate Panel Backs Bessent Nomination for Treasury
Senate panel advances Bessent nomination
The Senate Finance Committee voted 16-11 to advance Bessent’s nomination, clearing the way for a Senate floor vote in the coming days. Two Democrats — Sens. Mark Warner (D-Va.) and Maggie Hassan (D-N.H.) — joined with the committee’s Republicans in supporting Bessent for the top economic job in Trump’s Cabinet.
The Senate Finance Committee holds a confirmation hearing for Scott Bessent, President-elect Donald Trump’s pick for the U.S. Treasury Secretary. The Senate Finance Committee holds a confirmation hearing for Scott Bessent, President-elect Donald Trump’s pick for the U.S. Treasury Secretary.
Mr. Bessent called the extension of the 2017 Trump tax cuts ‘the single most important economic issue of the day.’
Ronald Reagan had his “ Miss Rosy Scenario ” and “ magic asterisks ” to make his deficit numbers seem better than they actually were. Every Republican president since has used (and abused) a famous napkin sketch to pretend that tax cuts always pay for themselves.
Senate Finance Committee Chairman Mike Crapo on Wednesday said he is hoping a full Senate confirmation vote for U.S. President Donald Trump's pick as Treasury secretary, Scott Bessent, could occur next week.
Senate Finance Democrats want Scott Bessent to submit to an IRS audit and release his tax filings ahead of panel vote Tuesday.
Bessent spoke before the Senate Finance Committee about his economic vision for America, addressing key issues like tax policy, inflation and wealth inequality.
Scott Bessent, Donald Trump's pick for Treasury Secretary, stressed the importance of tax cuts for the wealthy during his confirmation hearing.
This article was updated to correct Sen. Ron Wyden’s (D-Ore.) role on the Senate Finance Committee The Senate Finance Committee voted 16-11 on Tuesday morning to advance
But one of the first questions Bessent faced was whether he would let the Internal Revenue Service offer taxpayers a free tax-filing platform this tax season, which starts Jan. 27. “Will you commit to keeping Direct File up and running if you’re confirmed?
The current gap between US federal spending and tax revenue is larger than ever outside of major war or crisis. Federal spending is significantly higher than the historical norm, while revenue remains around its historical average.
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