Last night, after weeks of speculation, President-Elect Trump selected Wall Street hedge fund executive, Scott Bessent, to serve as the next United States Secretary of Treasury. Americans for Tax Fairness released the following statement:

“As income inequality is soaring and Americans are being crushed by the rising costs of living, we have to ask why billionaire Scott. Bessent supports renewing the Trump Tax bill, which gives trillions in tax cuts to the ultra-wealthy and mega-corporations,” said David Kass, ATF’s Executive Director. “Moreover, we also need to know how Mr. Bessent would fund this massive tax giveaway. Will he make working and middle-class Americans foot the bill by enacting wide-ranging cuts to vital government programs like Social Security and Medicare? Will he squeeze Main Street by raising prices on essential goods through tariffs? ATF and its partners will work to ensure these questions are addressed in the confirmation process.”