Scott Bessent also tells US senators to extend tax cuts or face ‘economic calamity’
The text snippet highlights a conflict regarding economic policy in the hypothetical US political climate of 2025.
Donald Trump's proposed pick for Treasury Secretary argues against unwinding previous tax cuts, claiming it would lead to a severe economic downturn. This stance contrasts with potential political pressure to modify or eliminate these tax cuts, especially in the context of considering stricter sanctions against Russian oil.
The text snippet highlights a conflict regarding economic policy in the hypothetical US political climate of 2025. Donald Trump's proposed pick for Treasury Secretary argues against unwinding previous tax cuts, claiming it would lead to a severe economic downturn. This stance contrasts with potential political pressure to modify or eliminate these tax cuts, especially in the context of considering stricter sanctions against Russian oil.