Bessent Warns of Financial Crisis if ‘Big, Beautiful Bill’ Fails

GOP Rep. Barr Warns of Recession if Big, Beautiful Bill Fails

During an appearance on Thursday's "Mornings with Maria" on Fox Business Network, Rep. Andy Barr (R-KY) said there could be consequences if the so-called big, beautiful spending bill fails to pass. The post GOP Rep. Barr Warns of Recession if Big, Beautiful Bill Fails appeared first on Breitbart.

Bessent warns of financial crisis if ‘big, beautiful bill’ fails

Treasury Secretary Scott Bessent warned that Congress could set off a financial crisis if it fails to pass the Republican tax cuts and spending bill. Bessent made the remarks in testimony before the House Ways and Means Committee on Wednesday.…

Failure to Pass One Big Beautiful Bill Could Trigger Economic “Sudden Stop,” Warns Treasury Secretary

Treasury Secretary Scott Bessent delivered a stark warning to Congress today: failing to pass the One Big Beautiful Bill Act (OBBB) would trigger the “largest tax hike in history,” plunging the U.S. economy into a “cataclysmic” crisis. Testifying before the congressional committee, Bessent championed the bill as a lifeline for working families and small businesses, […]

Treasury Secretary Scott Bessent says final OBBB terms will reinforce U.S. investment leadership

Treasury Secretary Scott Bessent revealed on Wednesday that there’s a lot of misinformation about Section 899 in the One Big Beautiful Bill. He said the final text of OBBB will ensure that the U.S. continues to be the most investable country in the world while undergoing Biden’s bad tax policies. Bessent reiterated that the U.S. has been the victim of unfair trade practices, extraterritorial taxes, non-tariff barriers, and tariffs for too long. …

The One, Big, Beautiful Bill could change the deductibility of R&E expenses

The treatment of research and experimental (R&E) expenses is a high-stakes topic for U.S. businesses, especially small to midsize companies focused on innovation. As the tax code currently stands, the deductibility of these expenses is limited, leading to financial strain for companies that used to be able to expense them immediately. But proposed legislation dubbed The One, Big, Beautiful Bill could drastically change that. Here’s what you need…