politics / leaders
1 day ago

Trump's Treasury Pick Warns of 'Economic Calamity' Without Tax Cuts

Trump's Treasury Pick Warns of 'Economic Calamity' Without Tax Cuts
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7 Highlights
  • Scott Bessent faces scrutiny as Trump’s Treasury Secretary nominee.
  • Bessent supports extending Trump's 2017 tax cuts, warning of economic risk.
  • Democrats criticize Bessent’s tax cuts plan as favoring the wealthy.
  • Bessent opposes raising the federal minimum wage, calling it a state issue.
  • Senator Sanders highlights low-income struggles against stagnant wages.
  • Concerns over Bessent’s unpaid taxes threaten his confirmation chances.
  • Trump supporters might be let down by billionaire-centered Treasury roles.
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