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Bessent said Republicans must make the Trump tax cuts permanent, arguing Americans would face a “crushing” tax hike if they don’t.

Scott Bessent takes the stage

Treasury nominee Scott Bessent testified before the Senate Finance Committee this morning and went deeper into his views on Trump administration priorities, including tariffs, taxes and sanctions.

And in a sign of just how ready Republicans are to back President-elect Donald Trump’s Treasury pick, Senate Finance Committee Chair Mike Crapo (R-Idaho) said before even questioning Bessent that he intends to support his nomination.

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by Duke Energy

Every day at Duke Energy, we’re focused on keeping prices low and supporting growing energy needs across our footprint. From enabling modern energy infrastructure investments to accelerating technology advancements, our progress will not be slowed.

 

Get the full picture