Scott Bessent: “The Working Families Tax Cuts — which, I will add, every Democrat…”

On the recordAugust 1, 2026

The Working Families Tax Cuts — which, I will add, every Democrat voted against, every Democrat voted against — it is the perfect barbell for this economy. On one side, you have full expensing for factories, for equipment, for farm structures. On the other side, your four signature policies — promises made, promises kept — No Tax on Tips, No Tax on Overtime, No Tax on Social Security, deductibility of auto loans if you buy an American-made car.

Said by

Scott Bessent

Source

whitehouse.gov

Editor's note · Context

Discussing economic policies

Share on X Share on Facebook Email this quote

Scott Bessent: “The Working Families Tax Cuts — which, I will add, every Democrat voted against, every Democrat voted against — it is…”

Editor's note · Context