Chairman Tim Scott Joins CNBC's Squawk Box Live from the Banking Committee Hearing Room
U.S. Senate Banking Committee · June 3, 2026
Sen. Tim Scott told the U.S. Senate Banking Committee that a federal wealth tax is a bad idea, arguing that taxing unrealized gains would hurt farmers and that lower capital‑gains rates have historically increased revenue; he also praised bipartisan appropriations work led by Sen. Susan Collins.
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