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Bessent warns of financial crisis if ‘big, beautiful bill’ fails
Treasury Secretary Scott Bessent warned that Congress could set off a financial crisis if it fails to pass the Republican tax cuts and spending bill. Bessent made the remarks in testimony before the House Ways and Means Committee on Wednesday.
President Donald Trump's "One Big Beautiful Bill" Doesn't Include His Biggest Social Security Proposal. Are Retirees Better Off Without It?
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Members-Only Event: Taxes In The Political Crosshairs: How To Prepare For One Big Beautiful Bill
EST as we unpack the current status of the bill, the key provisions that matter to business owners and advisors, including no taxes on tip and overtime, state and local tax (SALT) caps, and the potentially fragile 199A (passthrough) deduction—as well as the dynamics that could determine its fate.
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Historic Tax Slashing Bonanza for Middle-Class Americans: White House Unveils "One Big Beautiful Bill"
The White House has proposed the "One Big Beautiful Bill," aiming to deliver the largest tax cuts in history to working and middle-class Americans.
President Donald Trump's One, Big, Beautiful Bill Is Missing His "No Tax on Social Security" Promise -- and There's Likely a Good Reason Why
But there is one financially sound reason Trump chose to break this popular promise and leave "no tax on Social Security" out of the One, Big, Beautiful Bill: It would have substantially worsened the program's long-term outlook.
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Facing criticism of the 'One Big, Beautiful Bill,' Republicans lean on benefits of tax breaks
Faced with criticism of President Donald Trump’s signature “One Big Beautiful Bill Act,” Republican leadership have focused their defense on how the tax breaks will boost the economy.
One Big Beautiful Bill: Breaking Down The House Tax Package
In this episode of Tax Notes Talk, Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco discuss the final version of the House’s reconciliation bill and what’s next as the legislation heads to the Senate.
Scott Bessent warns that failure to pass Trump’s ‘big, beautiful’ bill would trigger ‘financial crisis’
Sir, I think it could set off a financial crisis, the likes of which we have not seen since ’08, ’09,” he said during a House Ways and Means Committee hearing Wednesday.
Passing Big Beautiful Bill Would Mean ‘Effectively Dismantling’ Obamacare, Gutting Inflation Reduction Act
Neither party is eager to talk about the impact of the “One Big Beautiful Bill Act” in this way — Democrats prefer to focus on the effect the bill will have on Americans, while Republicans have downplayed the ways in which the legislation will upend the status quo.
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