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Senate committee advances nomination for Trump Treasury pick

  • A trio of top Senate Democrats is urging Scott Bessent, President Donald Trump's treasury nominee, to undergo an IRS audit and release his tax filings before the Finance Committee's vote on his confirmation.
  • The senators, including Elizabeth Warren, raised concerns over Bessent's tax filings, alleging he avoided over $900,000 in self-employment taxes and claimed questionable deductions.
  • Bessent defended his tax practices, stating he followed legal advice and would settle any disputed amounts if confirmed as Treasury Secretary.
  • The Finance Committee is set to vote on Bessent's nomination, with Democrats requesting written commitments from him regarding their concerns before the vote.
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