The Senate voted on Monday to check Scott Vessent, an investor and a millionaire hedge fund manager, to serve as a supervisory President Donald Trump’s Finance Secretary.
Senator approved Vessent’s nomination 67 to 29, and more than 10 Democrats joined a Republican colleague and voted in Vessent. The four Senator did not vote. (Related: The Trump Ministry of Finance turns Bernie Sanders tables after he tries to hunt down.)
。@mikecrapo We encourage colleagues to support Scott Bessent’s nomination to the US Treasury’s secretary. pic.twitter.com/7cmstentot
-Saigen Finance Committee (@senfinance) January 25, 2025
Vessent was in his confirmation hearing on January 16 at the Senate Finance Committee. assist The President unleashes the “new economic golden age” in the United States.
“Today, President Trump believes that all Americans have a generic opportunity to release a new economic golden age that creates more employment, wealth, and prosperity,” Vessent said at the hearing. “As President Trump said, we implement a growth -promoting regulation policy, reduce taxes, and unleash the United States energy production to unleash the US economy.”
President Donald Trump’s Finance Candidate Scott Bessent will be accused of the assistant in a confirmation of the Senate Finance Committee on January 16, 2021 (on Andrew Caballero-Reynolds/AFP via Getty Images photograph)
Bessent also stated that he would cooperate with Congress to extend the tax reduction in 2017, which Trump signed the law during his first term. Trump tax reductions have been set to expire at the end of 2025, and there is no accompanying the law to pass the law to expand them.
“When it starts in 2025, Americans are hitting the barrels toward the economic crisis at the end of the year,” said Bessent at the hearing. “If Congress does not act, Americans will face the greatest tax increase in history.
The average American family will increase the tax burden by 22 % if the tax cut is not extended. According to In a document released in December by House Ways and Means chairman Jason Smith.
A majority of Senator vote Promote Bessent’s 67-23 while voting on Saturday.
Bessent too Cleared The Senate Finance Committee 16 to 11 voted by the Democratic Party Mark Warner in Virginia and Maggie Hassan in New Hampshire.
“There is no room for discussions on Vessent’s qualifications. He was created for the role of the Secretary of Finance, with his several decades, experts, and leadership experience.” I said Following the financial panel that promotes Bessent’s nomination on January 21.
Bessent was the founder of Key Square Group, a headquartered hedge fund, and used to be the highest investment in SOROS FUND Management.
He will secure confirmation with Marco Rubio Secretary of State, CIA director John Latcriff, Secretary of Defense Pete Hegousz, and Secretary of Land Security Christie Noem.
The Senate will vote on Tuesday to confirm Sean Duffy, a former Republican member of Minnesota, a candidate for Trump Transport.
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