End Citizens United President Tiffany Muller released the following statement slamming President-elect Donald Trump’s selection of hedge fund manager and GOP megadonor Scott Bessent as Treasury Secretary:
“Scott Bessent became a top donor to Donald Trump because he knew Trump’s tax cuts for the wealthy would be a boon for him and his Wall Street buddies. It’s no secret that Trump’s main economic priority is cutting taxes for corporations and the top one percent while making working Americans pay for it. Now, he sold off the Treasury Secretary nomination to someone who stands to benefit greatly from that very agenda. So while Trump, Bessent, and their billionaire buddies make out like corrupt bandits, it’s the American people who are going to suffer the consequences.”
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Politico: Trump taps hedge fund manager Scott Bessent to lead Treasury
- President-elect Donald Trump will nominate Scott Bessent to be his Treasury secretary, offering the hedge fund manager and major campaign fundraiser the preeminent economic post in his administration.
- Bessent, who is among Trump’s biggest allies on Wall Street, emerged over the past year as a key economic adviser to the president-elect as he mounted his political comeback. The former George Soros protege has led his own hedge fund since 2016 and was a frequent presence at campaign events where Trump touted his policy agenda.
- If confirmed by the Senate, Bessent — who has no government experience — would be poised to play a pivotal role in pushing Trump’s sweeping economic plans through Congress, including a debate in the coming year over how to extend the 2017 Republican tax cuts. The president has also pledged to impose universal tariffs, slash spending and scrap many of the regulations enacted during the Biden administration.
New York Times: How Scott Bessent Went From Democratic Donor to Trump Treasury Secretary Pick
- By then, Mr. Bessent had become a major donor to Republican candidates. According to a summary of his donations provided by his office, Mr. Bessent has given about $15 million to political causes over the years and all but $300,000 has gone to Republicans. He gave $1 million to Mr. Trump’s inauguration in 2016.
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