QUORUMCALL//GPT:
TRUMP NOMINEE VS WARREN
Trump nominee for the Federal Reserve Bank of New York, Scott Bessent, shut down Senator Elizabeth Warren during a Senate Banking Committee hearing over billionaire tax codes, highlighting that he’s paid “a lot” in taxes.
QUICK EXCHANGE
– Warren questioned Bessent on his views about billionaires paying their “fair share” of taxes.
– Bessent replied with a firm, “Senator, I have paid a lot in taxes,” and stated that he fully supports a progressive tax system.
TAXING THE WEALTHY
– The exchange follows Warren’s push for a wealth tax on billionaires, a proposal that has faced criticism for potentially discouraging investment and entrepreneurship.
– Bessent’s response underscores the ongoing debate about the fairness of the American tax system, particularly for the ultra-wealthy.
TOPICS COVERED
#WealthTax #FederalReserve #SenateHearing
NOTE
The Daily Wire is a conservative news publication known for its right-leaning perspective. The article’s framing may reflect this bias.