Washington – The US Senate on Monday confirmed billionaire investor Scott Besant to serve as Treasury Secretary of President Donald Trump, which causes a delicate balance to cut taxes and carry out a plan on tariffs and carry out a delicate balance of curbing losses The Act received which does not endanger development.
He approved 68 to 29 votes, the Senate Roll Call with bipartisan support.
The first will be openly gay person in the role of South Carolina, a historic first. Was with which government leaders want to fight for them.
A previous supporter of Democrats who once worked for George Soros, has become an enthusiastic supporter of Besant, Trump.
He has said that the US faces economic disaster if the Congress does not renew the major provisions of Trump’s Tax Cut and Jobs Act which are scheduled to end on 31 December 2025. Talking about the expansion of those tax deduction would be one of their major responsibilities, as they have also pushed for 3% annual growth, a 3 million barrels in a day in significant trims and domestic oil production for deficit.
Besant approved the Senate Finance Committee on a 16–11 bipartisan vote. Democratic sensor. Virginia’s Mark Warner and Maggi Hasan of New Hampshire approved the nomination of Besant in the committee.
However, he faced pushbacks from Democrats on unpaid taxes.
Democrats say that Besent is engaged in avoiding taxes from failing to pay about $ 1 million in medicare taxes related to its limited partnership in his hedge fund. Meanwhile, Bessent takes the issue with its tax liability for IRS and is in litigation on the tax bill. He said during the hearing of his confirmation that if a court rules the rules against him, he will pay the tax bill.
Other Democrats have supported Sen, including Sen Chris Cons, D-Dale.
“When I disagree with many of his policy positions, especially rich and President Trump’s support to expand the tax cuts for tariff hazards, I hope that he hopes to cost the Treasury Department on the cost for middle class Americans Will focus, “Cons said. A statement, saying that it supports Besant’s commitment to continue American investment in international financial institutions such as the World Bank and the International Monetary Fund.
Trump took his time before settling on Besant as his nominated person. He also considered billionaire investors John Palson and Howard Lutnik, which was tapped by Trump for the Commerce Secretary.
The Treasury Secretary is responsible for serving as a fiscal policy advisor to the President and managing public loans. He is also a member of the National Economic Council of the President.
Trump’s return to the White House and his Republican Party Congress, despite his external cabinet options confirmed, is being confirmed despite the confirmation of initial doubts and opposition from both sides of opposition.
In his testimony, Bessent committed to maintain the direct file program of IRS – which allows taxpayers to enter IRS directly to IRS – for at least 2025 tax season, which from 27 January Starts. Republican MPs say that the program is a waste of money because free filing programs already exist, although they are not popular.
He also said during his confirmation hearing that the Federal Reserve should remain independent of the President’s influence and the US sanctions on Russian oil should be more aggressive.