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Scott Bessent, Tax Cuts

Hosted on MSN · 1d

Bessent warns of ‘devastating’ consequences if tax cuts lapse

Taxes and tariffs took center stage Thursday at the Senate Finance Committee’s confirmation hearing for President-elect Donald Trump’s intended Treasury secretary nominee, Scott Bessent. Republicans and Democrats sparred over who would benefit most from extending more than $4 trillion in tax cuts enacted during the first Trump administration.

U.S. News & World Report · 2d

Trump's US Treasury Pick Bessent Says Extending Tax Cuts a Top Priority

(Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said that extending Trump's 2017 tax cuts that are set to expire at the end of this year is "the single most important economic issue of the day."

Bloomberg L.P. · 1d

Treasury Pick Bessent Takes Aim at China, Tax Cuts in Hearing

Good morning. US Treasury pick Scott Bessent targeted China and tax cuts in his confirmation hearing. Rio Tinto and Glencore are said to be in talks on a combination. And Nintendo will unveil its next-generation Switch in April.

CBO, U.S and Tax Cut

The New York Times · 22h

U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts

The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.

The Associated Press on MSN · 23h

CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.

CBO Projects U.S. Debt to Surge $23.9T, Excluding Tax Cuts by Trump

The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.

4h

Tax Breaks: The Money, Treasury, And Internal Revenue Service Shakeup Edition

Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...

1don MSN

Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...

Democrats Parrot Biden’s ‘O-Word’ in Effort To Paint Treasury Nominee Scott Bessent as a Faux Populist

Mr. Bessent called the extension of the 2017 Trump tax cuts ‘the single most important economic issue of the day.’ ...

Axios on MSN23h

GOP flirts with magical thinking on paying for Trump's tax cuts

Why it matters: The procedural and budgetary gambit will free Republicans from the burden of finding the $4 trillion in ...

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