BusinessPostCorner.com
No Result
View All Result
Tuesday, July 15, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Treasury Secretary Bessent says ‘Everything’s on the table’ for taxes on wealthiest

April 14, 2025
in Accounting
Reading Time: 3 mins read
A A
0
Treasury Secretary Bessent says ‘Everything’s on the table’ for taxes on wealthiest
ShareShareShareShareShare
Scott Bessent ahead of an interview in Buenos Aires, Argentina, on April 14.

Sarah Pabst/Photographer: Sarah Pabst/Bloomb

Treasury Secretary Scott Bessent said Republicans are looking at all options to help pay for President Donald Trump’s campaign promises on tax cuts, including increasing levies on the wealthiest Americans.

“We’re going to see where the president is” on the issue, Bessent said in an interview during a trip to Argentina Monday. “Everything’s on the table.”

Bessent said he and his counterparts in the administration and on Capitol Hill are working toward a “refinement portion” of legislation that would extend and potentially expand Trump’s 2017 tax cuts — many of which are set to expire at year-end.

“We’ve got broad agreement and we’re going to go from there,” Bessent said at the US ambassador’s residence in Buenos Aires.

Bloomberg reported earlier this month that Republicans were weighing the creation of a new bracket for those earning $1 million or more. A deteriorating economic outlook has also added pressure on lawmakers to accelerate the tax negotiations.

Bessent has said that he is working to expand the 2017 cuts to include no taxes on tipped wages and overtime pay, and a new benefit for Social Security recipients. He also said he wants to give people the ability to deduct the interest payments on their auto loans.

The Treasury chief was visiting Argentina to show support for the country after it received a new round of IMF funding last week. He earlier announced that the US would start trade negotiations with the country, after meeting with President Javier Milei and Economic Minister Luis Caputo.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Bitcoin ETFs Outflows Soar 300% Amid Escalating US-China Trade Tensions

Next Post

UK consumers plan to ‘buy British’ as Trump’s trade war bites, survey shows

Next Post
UK consumers plan to ‘buy British’ as Trump’s trade war bites, survey shows

UK consumers plan to ‘buy British’ as Trump’s trade war bites, survey shows

The machine-human workforce is here. How must leadership shift?

The machine-human workforce is here. How must leadership shift?

July 11, 2025
HR State of the Union: Understanding AI’s Impact on Your Business

HR State of the Union: Understanding AI’s Impact on Your Business

July 15, 2025
Next Trump budget bill begins taking shape in House

Next Trump budget bill begins taking shape in House

July 14, 2025
On the move: REDW appoints first OKC principal-in-charge

On the move: REDW appoints first OKC principal-in-charge

July 11, 2025
UniCredit attacks Italian government’s ‘illegitimate’ use of power over BPM bid

UniCredit attacks Italian government’s ‘illegitimate’ use of power over BPM bid

July 13, 2025
Trump is flunking his Epstein test

Trump is flunking his Epstein test

July 15, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Chief US audit regulator pushed out by Trump’s new SEC chair

Chief US audit regulator pushed out by Trump’s new SEC chair

July 15, 2025
Trump tax bill benefits companies, unless they’re in renewable energy industry

Trump tax bill benefits companies, unless they’re in renewable energy industry

July 15, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!