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Trump Treasury Pick Warns: ‘Economic Calamity’ Looms for Middle Class

Scott Bessent, Trump’s Treasury nominee, outlines why letting tax cuts expire could spell disaster for working Americans. Don’t miss the key takeaways.

January 17, 2025

What would happen if the Trump-era tax cuts expire?

Scott Bessent, Trump’s pick for Treasury Secretary, just issued a stark warning during his Senate hearing: middle- and working-class families could face an “economic calamity” if these tax cuts aren’t extended.

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