CoinVoice has recently learned that, according to The Wall Street Journal, Scott Bessent stated in his first interview after being nominated by President-elect Trump as the U.S. Secretary of the Treasury that his policy focus will be to fulfill Trump's various tax reduction promises. These measures include making the tax cuts from his first term permanent, eliminating taxes on tips, social security benefits, and overtime pay. Bessent said that imposing tariffs and cutting spending, as well as 'maintaining the dollar's status as the world's reserve currency,' will be key priorities.
Reports indicate that Bessent is one of Trump's closest advisors, adding depth to Trump's economic proposals and defending his more aggressive trade policy plans. He believes that President-elect Trump's plans to extend tax cuts and ease regulations on certain sectors of the U.S. economy will create an 'economic bonanza'. [Original link]