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Senate Finance Committee reports Scott Bessent nomination favorably amid tax and ethics objections
Summary
The Senate Finance Committee voted 16–11 to report Scott Bessent’s nomination to be secretary of the Treasury, after Democrats raised objections over his tax arrangements, an ongoing IRS dispute and questions about his contacts with a Trump adviser.
At a Senate Finance Committee business meeting, the committee voted 16–11 to favorably report the nomination of Scott Bessent to be secretary of the Treasury, moving the nomination to the full Senate.
The committee’s chairman opened the meeting by recommending the nominee and noting Mr. Bessent’s extensive experience. "Mr. Bessent has decades of academic, professional, and leadership experience relevant to this position," the chairman said, and added that Bessent had answered “200 plus questions for the record, not including the subparts.”
Senator Ron Wyden objected and urged colleagues to oppose the nomination. "This nominee is not square on his taxes," Wyden said, contending that Bessent had used a tax arrangement that avoided paying Medicare taxes and that the Internal Revenue Service had gone to court twice to challenge…
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