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US will face ‘crushing’ $4T tax increase if Congress doesn’t back Trump’s economic agenda: Treasury sec nominee Scott Bessent

US will face ‘crushing’ $4T tax increase if Congress doesn’t back Trump’s economic agenda: Treasury sec nominee Scott Bessent

Americans will face a “crushing” $4 trillion tax increase, the largest in history, if Congress doesn’t back Donald Trump’s economic agenda, and ensure the dollar remains the world’s reserve currency, Treasury Secretary nominee Scott Bessent will tell the Senate at his confirmation hearing Thursday morning. “Today, I believe that President Trump has a generational opportunity…

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