Tax Cuts, Tariffs in Focus

President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, testifies before the Senate Committee on Finance on Capitol Hill in Washington on Jan. 16, 2025. Madalina Vasiliu/The Epoch Times

U.S. Treasury nominee Scott Bessent appeared before the Senate Finance Committee on Thursday for his confirmation hearing.

In various exchanges with lawmakers, Bessent urged senators to extend President-elect Donald Trump’s 2017 Tax Cuts and Jobs Act, calling it the “the single most important economic issue of the day.”