Democrats: Bessent avoided Medicare tax on hedge fund earnings
Jan 15, 2025 · 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.
U.S. Senator Elizabeth Warren | Warren, Wyden, Whitehouse...
4 days ago · Warren, Wyden, Whitehouse Push Scott Bessent to Commit to Addressing His Questionable Tax Returns Prior to Committee Vote on His Confirmation. Reports indicate Bessent avoided nearly $2 million in taxes, including dodging Medicare taxes in direct conflict with Treasury Department policy.
Scott Bessent, Treasury Secretary Nominee, Touts Tax Cuts for the …
Jan 16, 2025 · 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 ...
Treasury nominee Scott Bessent clears key Senate hurdle on way …
2 days ago · Treasury Secretary designee Scott Bessent's nomination ... Finance ranking member Ron Wyden of Oregon dinged Bessent over litigation he is facing involving his method of skirting Medicare taxes on ...
How Trump's Treasury Nominee Allegedly Avoided Nearly $1 …
Jan 16, 2025 · Scott Bessent prepares to testify before the Senate Finance Committee during his confirmation hearing for treasury secretary in Washington, D.C. Photo: Getty Images Questions about your taxes are ...
Trump Treasury Pick's Economic Plan Would 'Require ... - Common …
Jan 16, 2025 · 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 ...
Trump’s Treasury Pick Vows to Give Back to the ... - The New …
Jan 16, 2025 · Donald Trump's nominee for Treasury Secretary, Scott Bessent, says he will "get back to" Senator Ben Ray Luján when asked at his Senate confirmation hearing if he would suggest cuts to Medicaid ...
Scott Bessent’s 3 Percent Deficit Target Would Require Massive …
Jan 15, 2025 · If the Trump administration does not cut Medicare, Social Security, or defense, and takes most sources of additional tax revenue off the table, achieving Bessent’s 3 percent budget deficit ...
Wyden Statement on Bessent Nomination - finance.senate.gov
Jan 16, 2025 · Mr. Bessent is a case in point. The taxes that fund Medicare are automatic for the vast majority of Americans, straight out of every paycheck. It’s a civic duty that pays off as earned benefits down the road. But like a lot of Wall Street fund managers, Mr. Bessent makes use of a tricky legal maneuver to opt out of paying into Medicare.
Democrats: Treasury nominee Scott Bessent avoided Medicare …
Jan 16, 2025 · Democrats: Treasury nominee Scott Bessent avoided Medicare tax on hedge fund earnings. WASHINGTON — Senate Democrats are gearing up for a fight against Scott Bessent, President-elect...
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