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Treasury Secretary Scott Bessent Defends Tax Bill As Critics Question Its Real Impact
Treasury Secretary Scott Bessent decided to hop onto the internet to defend the new tax bill, calling it a continuation of the 2017 tax...
But many listeners either gave this explanation with skepticism or outright criticism, for they perceived this law as an extra strangulation of working Americans. A bit of that spillover from the debate shifted into more general economic worries: Is tariffing the administration’s revenue solution really going to fix the finances? While Bessent and administration choristers lauded the conversion of minuscule deductions into permanency, for many Americans, this is simply a bill unresponsive to deeply ingrained economic issues-or worse, exacerbating them.
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