On the recordJanuary 27, 2025
Madam President, I often worked with Senator Crapo in a positive way, and I know we are going to do that in the future. I want to make sure there is no confusion with respect to this Medicare tax issue. We had a number of nominees over the years who have actually dropped out, and they have owed less money than, in effect, Mr. Bessent would if he complied with Treasury rules. If he is confirmed, on the day he is sworn in, he will be in violation of Treasury policy, and we will have established another double standard in the tax area that sends a message that if you are powerful, if you have accountants, if you have lawyers, you can basically figure out a way to not pay what you would pay if you were a firefighter or a teacher. I think that double standard is regrettable. I continue to urge opposition to the nominee. The PRESIDING OFFICER. The Senator from Idaho.
Source
govinfo.gov




