23 hours ago
Trump's Treasury Pick Warns of 'Economic Calamity' Without Tax Cuts
4 references
- 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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