Bessent Dismisses Trump's Federal Payments, Tariffs Proposals

Treasury Secretary Scott Bessent dismissed former President Trumps proposals for federal payments and tariffs. Bessent clarified that the White House has no plan to send money to health insurance companies, contrary to Trumps social media claims. He also criticized the Affordable Care Act and the Inflation Reduction Act, stating theyve led to unaffordable healthcare and inflation. Trump, however, proposed a two thousand dollar dividend per person through tariffs, claiming it could reduce tariff revenue while boosting tax receipts. Bessent insisted on reopening the government before negotiations with Democrats, emphasizing that discussions would only commence once the government shutdown issue is resolved. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.