Republican US Congress to Try Again on Trump Tax Cuts, Bessent Dismisses Credit Downgrade

Grover Norquist: State Tax Revolutions Point the Way to Permanent Trump-Era Cuts

Americans for Tax Reform and any signer of the Taxpayer Protection Pledge have one overarching mission: no tax hikes ever. The 2017 Tax Cuts and Jobs Act (TCJA) proved that pro-growth reform is possible, but as individual provisions are set to expire at the end of 2025, Congress must lock those Trump tax cuts in place. The biggest long-term momentum is coming from the states, showing where federal policy should head next. Eight states already le…

Treasury Secretary Bessent dismisses Moody's US credit downgrade as 'lagging indicator'

Treasury Secretary Scott Bessent downplayed the impact of Moody's downgrading the U.S. government's credit rating in an interview on Sunday.Moody's Ratings on Friday downgraded the U.S. credit rating by one notch, from the highest tier Aaa to Aa1, citing concerns over the rising national debt and widening budget deficits. Bessent was asked about the downgrade in an appearance on NBC News' "Meet the Press" and said the downgrade was mainly in res…

Peter Schiff Slams Scott Bessent For Ignoring Trump's Tax Cuts In Moody's Downgrade, Blaming Biden Instead: 'It's Only Lagging In That Moody's Should Have Acted Sooner' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Economist Peter Schiff has sharply criticized Treasury Secretary Scott Bessent for downplaying the role of President Donald Trump's tax cuts in the recent Moody's downgrade of the U.S. sovereign credit rating, instead pinning the blame on the Joe Biden administration. What Happened: Schiff's comments, posted on X, come amid heated debates over the nation's fiscal health as the U.S. debt continues to spiral, now standing at a staggering $36.22 tr…

Treasury Sec. Bessent dismisses Moody’s US downgrade as Trump tax-cut debate continues

Treasury Secretary Scott Bessent on Sunday dismissed Moody's downgrade of the U.S. sovereign credit rating, saying the Trump administration would ensure U.S. economic growth outpaced its debt and pointing to recent pledges of Middle East investment.

Bessent Says He Doesn’t ‘Put Much Credence’ in Moody’s Downgrade - The Thinking Conservative

Treasury Sec. Bessent is not worried about Moody’s downgrade of Aaa credit rating to Aa1, and defended Trump’s tariffs and his sweeping tax-cut bill. The post Bessent Says He Doesn’t ‘Put Much Credence’ in Moody’s Downgrade appeared first on The Thinking Conservative.

Bessent Says He Doesn’t ‘Put Much Credence’ in Moody’s Downgrade

Treasury Secretary Scott Bessent said on May 18 that he is not worried about Moody’s recent downgrade of the United States’ Aaa credit rating to Aa1, and defended President Donald Trump’s tariffs and his sweeping tax-cut bill. Speaking with CNN’s “State of the Union with Jake Tapper” on Sunday, Bessent said Trump’s bill, which would extend the 2017 tax cuts under the president’s first term, would surge a level of economic growth. Bessent said th…