PRESIDENT-ELECT Donald Trump's nominee for US Treasury secretary, Scott Bessent, will prioritize delivering on election tax cut pledges, he told the Wall Street Journal (WSJ) in an interview published on Sunday.
PRESIDENT-ELECT Donald Trump 's nominee for US Treasury secretary, Scott Bessent, will prioritize delivering on election tax cut pledges, he told the Wall Street Journal in an interview published on Sunday.Bessent told the WSJ that tax cut measures would include making Trump 's first term tax cuts permanent, as well as eliminating taxes on tips, social-security benefits and overtime pay.
Bessent, who has been a donor, economic adviser and booster on TV for Trump, was nominated as US Treasury secretary by Trump on Friday.Bessent has spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, and has advocated for tax reform and deregulation, particularly to spur bank lending and energy production, as noted in a recent opinion piece he wrote for The Wall Street Journal.
Treasury Pick To Prioritize Tax Cuts
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump, Putin speak as Biden plans to lobby Trump to stick with UkraineUS President-elect Donald Trump advises Russian President Vladimir Putin against escalating Ukraine conflict
Read more »
President-elect Trump names Susie Wiles as chief of staff, first woman in the postWASHINGTON (AP) — President-elect Donald Trump has named Susie Wiles, the manager of his victorious campaign, as his White House chief of staff, the first woman to hold the influential role.
Read more »
Trump spends first week as president-elect behind closed doors at Mar-a-LagoWASHINGTON (AP) — For a man who loves the spotlight, Donald Trump has been conspicuously out of view since his triumph in last week's presidential election.
Read more »
Will President-elect Trump fulfill his quest for peace?MANY Christians in the United States hope that Donald Trump's return to the White House will bring a renewal of faith to America after four years of often anti-Christian policies under President Joe Biden, including pro-abortion and transgender initiatives.
Read more »
Trump makes a victor's return to Washington to meet with Biden and GOP lawmakersWASHINGTON (AP) — President-elect Donald Trump is making a victor's return to Washington.
Read more »
Trump names hedge fund manager Scott Bessent as Treasury chiefWashington, United States — US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund
Read more »