Expert Warns Senate Tax Cut Plan Could Add Far More to the Deficit than Expected

Expert warns Senate tax cut plan could add far more to the deficit than expected

Treasury Secretary Scott Bessent says he expects a Senate vote on President Trump's massive tax cut and spending plan before the July Fourth recess. Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, joins to discuss his analysis.

Treasury Sec. Bessent: Trump’s Peace, Tax, and Trade Deals on Track, Tax Deal Expected by July 4

Treasury Sec. Scott Bessent on Capitol Hill: “I had a very successful lunch meeting with the Senators…President Trump is doing peace deals, tax deals, trade deals. He’s done a peace deal, I think we’ll have the tax deal done by July 4th, and then we can finish with the trade deals.”

Bessent says SALT deal will happen within 48 Hours - CEO North America

Addressing the media from the Capitol, U.S. Treasury Secretary Scott Bessent announced that he predicts House and Senate Republicans might reach a deal on one of the main issues that has hampered President Donald Trump’s economic legislation. Bessent said a deal is close to being reached on the state and local tax deduction, or SALT deduction. “Both sides are working through it, and I think that we’ll have a solution in the next 24-48 hours.” Af…