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Sen. Warnock: Do you agree that ending the tax cuts for those making more than $400k would help close the deficit?
Warnock: Do you agree that ending the tax cuts for those making more than $400k would help close the deficit?
Bessent: I do not. You would capture an inordinate amount of small business people…
Warnock: What about $1 million?
Bessent: I believe these are small business pass-through owners..
Warnock: What about those making more than $10 million?
Bessent: I think it’s important that we put in incentive for them to invest..
Warnock: What about $1 billion?
Bessent: These are the job creators…
Warnock: So there’s no income level for which you would support raising taxes?
Bessent: I do not. You would capture an inordinate amount of small business people…
Warnock: What about $1 million?
Bessent: I believe these are small business pass-through owners..
Warnock: What about those making more than $10 million?
Bessent: I think it’s important that we put in incentive for them to invest..
Warnock: What about $1 billion?
Bessent: These are the job creators…
Warnock: So there’s no income level for which you would support raising taxes?
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