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International Business Times
International Business Times
Politics
Luke Funk

Trump's Treasury Secretary Nominee Claims There Will Be 'Economic Calamity' If Republican Tax Cuts Are Not Extended

Donald Trump Scott Bessent Tax Cuts Janet Yellen
Treasury Secretary nominee speaks at his nomination hearing. (Credit: C-SPAN)

The man that Donald Trump has tapped to run the Treasury Department issued a stark warning about tax policy during his confirmation hearing.

Scott Bessent says that if Congress does not extend the tax cuts that are due to expire at the end of the year the U.S. economy will be thrown into chaos.

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