Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary, with questions about his fitness to hold the office based on a review of his tax returns.
The billionaire hedge fund manager has largely flown under the radar among a field of more controversial nominees, but that may change when he appears before the Senate Finance Committee for his confirmation hearing Thursday.
A confidential vetting document prepared by Senate Finance Democratic staff alleged Bessent avoided paying hundreds of thousands of dollars in self-employment taxes, while claiming questionable deductions. Meetings between Bessent and Democratic senators have also been rocky, according to sources familiar with the process.
