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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's Treasury Goon Sneers at Handing Back Tariff Loot
The presidents top treasury goon appeared upbeat when discussing the likely short-changing of Americans after the Supreme Court struck down a signature economic policy.
Treasury Secretary Scott Bessent, whose net worth Forbes estimates at around $600 million, steepled his fingers and smiled on Friday as he said that he has a feeling that the American people will not see the billions collected in tariff revenue. His prediction was delivered as he sat before a shining gold wall during an Economic Club of Dallas event.
Bessents comments came after a 6‑3 Supreme Court ruling that found President Donald Trumps use of emergency powers to impose tariffs on imports from more than 100 countries was unlawful. Questions immediately arose over what would happen to the more than $175 billion in U.S. tariff collections.
The treasury secretary already walked back Trumps pledge to hand Americans a $2,000 tariff dividend in November, saying then that the presidents promised payout could come in lots of forms and lots of ways."
In a Fox News appearance later on Friday, Bessent said that if any tariff refunds were to be given out, they would be the ultimate corporate welfare.
https://www.thedailybeast.com/trumps-treasury-goon-scott-bessent-sneers-at-handing-back-tariff-loot/
Those tariff billions belong to Trump, peasants...
no_hypocrisy
(54,664 posts)chicoescuela
(2,873 posts)pfitz59
(12,551 posts)All the money is gone.
valleyrogue
(2,649 posts)Wiz Imp
(9,514 posts)OMG, this guy is even stupider than I thought (and I already thought he was pretty damn stupid). Does he really think that the public will accept not getting refunds of the taxes rge paid through tariffs by dismissing them as corporate welfare?
RoeVWade
(876 posts)to be red meat for Democrats.
Volaris
(11,594 posts)And he's not wrong.