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Budget, taxes and regulatory rollback dominate confirmation questioning on economic priorities
Summary
Senators across the committee probed nominee Russell Vought about tax cuts, federal spending, inflation, and regulatory review — including whether the 2017 tax cuts should be extended and how OMB would approach regulatory cost‑benefit analysis and energy policy.
Russell Vought fielded extended questioning about fiscal policy, taxes and regulatory strategy during his Senate Budget Committee confirmation hearing, with Republicans urging preservation or extension of the 2017 tax cuts and Democrats warning that large, regressive tax giveaways would be paid for by cuts to programs serving working families.
When asked about the consequences of letting the 2017 tax cuts expire, Vought said that allowing them to lapse would be “a major tax increase” that could hurt innovation, productivity and the economy. Senator John Cornyn pressed him on the static estimate that letting those provisions expire could equal roughly $4.5…
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