US Treasury's Bessent says that waiting too long on tax cut extension increases chances of tax hike
ReutersMar 6, 2025 6:24 PM
NEW YORK, March 6 (Reuters) - U.S. Treasury Secretary Scott Bessent urged Congress to move quickly on extending Trump's tax cuts, warning that waiting will increase the chances tax rates snap back to higher levels.
Speaking to an Economic Club of New York event, Bessent said the administration also was considering a plan to allow immediate expensing of investments in factories that provide good-paying jobs for American workers.
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