Tre Sec nominee Bessent:Will revive American economy through progrowth regulatory policies

US treasury secretary nominee Bessent is speaking at the US confirmation hearing and says:

• US government has significant spending problem
• Will revive the American economy through progrowth regulatory policies, reducing taxes, unleashing American energy.
• If Trump 2017 tax cuts are not renewed, US will face economic calamity
• We will see a gigantic middle-class tax increases tax cuts are not extended.
• Power of trumps 2017 tax cuts was apparent in 2018 and 2019 before they were interrupted by Covid 19.
• Will commit to keep IRS direct filing system running for this tax year, but study a further..
• Disagrees that tariffs will be paid for by workers and small businesses

This article was written by Greg Michalowski at www.forexlive.com.