During a Senate Finance Committee hearing, Secretary of the Treasury Scott Bessent faced intense scrutiny regarding the deficit and recent fiscal policies. Sen. Michael Bennett confronted Bessent about the inherited budget situation, directly attributing the deficit to the tax cuts implemented under Donald Trump's administration. Bessent acknowledged the potential deficit increase from a recent House bill but defended it by suggesting that tariff revenues would balance out any shortfall. The exchange highlighted the ongoing debates about fiscal responsibility and tax cuts amid concerns over public spending and national debt.
The data shows that that's the result. The math shows that that is the result. No one on this side of the aisle admits anymore that they didn't blow a huge hole in deficit.
I believe that tariff revenue will more than offset the shortfall and result in a net surplus.
Collection
[
|
...
]