Reported about 14 hours ago
During a confirmation hearing, Treasury Secretary nominee Scott Bessent faced scrutiny from lawmakers, particularly Senator Ron Wyden, over whether the tax code disproportionately favors wealthier Americans. Bessent acknowledged inherent trade-offs within tax systems, while Wyden expressed strong disagreement, arguing that it is unjust to value income from hedge fund managers more than that from teachers or factory workers.
Source: YAHOO