Democrats: Bessent avoided Medicare tax on hedge fund earnings
3 days ago · Democratic committee staff claimed Bessent avoided paying more than $900,000 in Medicare taxes on income earned through Key Square Group over the three-year period.
Trump Treasury Pick's Economic Plan Would 'Require Massive Cuts …
1 day ago · Without any cuts to Medicare and Social Security—which Trump has said he would exempt from cuts—or defense spending, says the analysis, Bessent's deficit target would require both: ... "Scott Bessent's nomination isn't about helping American families," said the group. "It's about lining the pockets of the ultra-wealthy and doubling down on ...
Confirmation hearings day 3 highlights: Doug Burgum, Scott Bessent ...
1 day ago · Wyden accuses Bessent of using a loophole to opt out of paying into Medicare. Rebecca Shabad. Sen. Ron Wyden, D-Ore., accused treasury nominee Scott Bessent in his opening statement of using a ...
Treasury Nominee Scott Bessent Calls for a ‘New Economic …
1 day ago · Scott Bessent, Donald Trump’s choice to be Treasury secretary, ... “I want to emphasize that President Trump has said Social Security and Medicare will not be touched,” Bessent said.
Scott Bessent, Treasury Secretary Nominee, Touts Tax Cuts for the …
2 days ago · Scott Bessent, Donald Trump's pick for Treasury Secretary, stressed the importance of tax cuts for the wealthy during his confirmation hearing. ... The taxes that fund Medicare are automatic for ...
Scott Bessent, Trump's Treasury Secretary pick, grilled on tax
1 day ago · Scott Bessent, Trump's Treasury Secretary pick, grilled on tax cuts, tariffs Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's ...
Senate Democrats circulating memo alleging Bessent tax dodges
2 days ago · The memo called out millions of dollars in losses Treasury Secretary nominee Scott Bessent claimed related to his investment in a conservative publishing house, among other issues.
Trump's Treasury pick Scott Bessent Senate confirmation
2 days ago · President-elect Donald Trump's pick for Treasury secretary testified Thursday before the Senate Banking Committee.
Trump names hedge fund manager Scott Bessent as treasury …
Nov 23, 2024 · Bessent, 62, is the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation’s first openly gay treasury secretary.
Scott Bessent, Trump’s Treasury Pick, Is Poised to Test ‘Three …
Dec 13, 2024 · Scott Bessent’s “3-3-3” plan to stimulate growth, reduce the deficit and expand oil production will soon face economic realities. ... The rising costs of Social Security and Medicare are the ...
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