Scott Bessent declines to endorse raising taxes on high earners

[@goldstandardaviation1667]

Billionaires making other billionaires richer again

[@cliffthatcher4574]

You prove you totally do not understand how people make money.

[@christiangibson2733]

​@cliffthatcher4574 and you don't understand that they use small business as an excuse not to tax them, they are the ones that crush small business

[@cliffthatcher4574]

@@christiangibson2733 I understand more than you think

[@christiangibson2733]

@@cliffthatcher4574 clearly not

[@optimus1212]

Then go be friends with a billionaire if that's the case. I do not see your assertion having much logic to support it.

[@NunyaBusiness33]

He opposes raising the federal minimum wage of $7.25. and he is opposing higher taxes for the ultra rich.

[@wlqpqpqlqmwnhssisjw6055]

coz raising minimum wage is going to increase inflation, and ultra rich people don't pay taxes . Heck even ,I pay lower taxes than you ,but my business is doing really well!

[@JustinRose11]

Raising minimum wage increases inflation and encourages more off the books employment. Businesses will seek profit or to keep their doors open however they can.

[@HamptonGuitars]

I read recently that someone calculated that notorious miser Scrooge paid Bob Crachit the equivalent of $18.00 an hour, over TWICE the current minimum wage.

[@matthewgable1999]

Most minimum wage workers are completely worthless, so I really don't blame him. They are getting paid minimum wage for a reason.

[@monicahill9741]

It’s absolutely insane that people actually fell for the “banana in the tail pipe” bulls#%+ raising the minimum wage would increase inflation!!! It’s gaslighting to the highest levels!!!

[@Mike-h7y6v]

He is one himself

[@Kim-ng7sl]

TAX the wealthy NOT the poor and middle class ‼️‼️

[@Evroyal]

Umm. The wealthy are the ones who pay the taxes in this country lol

[@Evroyal]

50% of people don’t pay taxes. Guess who? The poor and middle class you just mentioned

[@lindahartmann5522]

Scott, there is a huge difference betw someone earning 20k annually and someone earning 2m each year. Get your head out of Rump's a##!

[@scarecrow6741]

How much in federal taxes did you you pay last year.

[@scarecrow6741]

20k ? You didn't pay a penny and you got a income credit (free money for the poor) from the rich man's taxes.

[@zorlord7507]

It's crazy how there's people in the comments defending not raising the taxes for the rich 🥴

[@scarecrow6741]

@zorlord7507 how many more hand outs do you need

[@zorlord7507]

@@scarecrow6741 you mean the 36.8 million people living in poverty?

[@abdulraja1151]

He must be paid by the 1% centers

[@austintuttle9464]

Remember these people are for their rich friends. Not us normal poor people

[@scarecrow6741]

They pay the taxes that pay for the services you get for free. You don't pay federal taxes.

[@austintuttle9464]

@The8Don whataboutism is a weak and pathetic argument. Try harder when your defending the rich you mark.

[@chesstictacs3107]

Why are you poor, noob? Probably you are a lazy person. Why someone who works harder and makes more money should pay for your babies’s diapers? Go and try harder, make more money and come back, we will see if you think the same way.

[@zorlord7507]

​@scarecrow6741 Dawg no they don't, they pay the bare minimum of taxes they can. They look for loopholes that only the rich can use. When they donate to charity it's mostly to charities they themselves own so they keep the money to themselves and get a tax deductible for donating. They will try anything to keep that money.

[@zorlord7507]

​@@scarecrow6741 and these services that they "pay" (and want to cut) for need more funding in the first place

[@TheDAT573]

Why not raise taxes on the 1%? Do they need another mansion, yacht, private jet?

[@thisguy73]

Yes

[@redhedd33]

It’s not about possessions. It’s about control. The more income they have, the more power and influence they have and the less we have the less power we have. It’s the dirty secret of how America works.

[@uzuz3003]

0:42 rofl what is that college boy doing there :D

[@Carlos559Caps]

Taxes need to be lowered across the board.

[@darladoon]

No

[@zorlord7507]

Dawg no, they need to be raised for the rich, the reason why you want it to be lowered is because the average person isn't seeing the benefits. The Department of Defense funding bill is 824.3 billion dollars. At least 100 billion of that could help with infrastructure

[@Tyc9909]

It’s so funny how the median voter doesn’t understand taxes at all

[@brookskimball48]

Need to raise taxes to help Heiress pay for all those celebrity endorsements

[@davdna]

They dont want you to know: 1B pumped into a budget and spent at 1Milllion a month would afford a 500 dollar a month increase for 2000 employees for nearly seven years. Multiply or slice it however you like, when billions and Trillions are in play, their math aint mathing. People before profits!

[@sweechen9762]

Bessent should be confirmed immediately. He will finish the job that Yellen started.

[@AF-ut9cg]

The "regular" people don't have enough money to invest to the same level is your million and billionaires. THEY are working their butts off to make ends meet and send their kids to college. INCREASE THE TAXES ON BILLIONAIRES.

[@Newjedi-g5l]

Well why would Bessent endorse raising taxes on himself!!!!!

[@stormvillians]

We dont tax billionaires properly

[@slothachunk]

I hope there is a Luigi out there for everyone that benefits from the American Oligarchy.

[@stormvillians]

This guy is killing us.

[@tonya3308]

Warnock must have skipped economics 101 - he seems to have zero business acumen. Amazin!

[@joooja]

Karma for the 51% that voted Trump, youre about to have a very hard 4 years

[@Zero11_ss]

Thats because they are raising taxes on me and you via the tariffs. How do you think they plan to afford anything haha. Tariffs are a tax.

[@loganandmel]

Naturally those who pay the most taxes receive the largest benefit of a tax cut! As a nation we have a spending problem not a revenue problem.

[@douglemay7989]

Caused by Trump's last tax cut, exacerbated by his spending problem.

[@Nutcracker2U]

Whenever you hear a corporatist tell you about what they’re doing to protect jobs, hold on to your wallet… Someone’s reaching. (Someone said)

[@redghost3170]

He’s as pastor. 😂😂😂😂😂😂😂😂😂😂

[@DK-3000]

Of course, they are forming an Oligarchy, similar to their friends in Russia's Kleptocracy

[@erthmthr]

the top 1% already pay 70% of the tax burden, America doesn’t need more money, we need LESS SPENDING

[@ManWhoIsSus]

They don't 😂 look up on Google.

[@Evroyal]

Thank you! These Democrats have these people fooled

[@douglemay7989]

The poor billionaires. What about the homeless, the vets, etc.?

[@Evroyal]

@ they don’t pay taxes

[@funkymonkey631]

This is not true. The top 10% pay 72% of all income taxes paid NOT the top 1%. Also important to note the top 10% own over 60% of all wealth while the bottom 50% own 6%

[@kathleenjett9812]

Is asking the wealthy to pay their fair share really asking to much?

[@cagleholdings771]

"Pay their fair share" is such a tired slogan and not even a good talking point. What does that catchphrase even mean considering the fact that the top 1% of earners pay about 40% of ALL federal income taxes? Their share of income is around 22%, meaning they pay a disproportionately large share of taxes relative to their income. The Top 10% of earners pay around 71% of all federal income taxes. The bottom 50% of earners pay less than 5% of federal income taxes. The claim that the highest earners don't pay taxes or "their fair share" is not based in reality and is just a rhetorical shortcut used by the left to avoid discussing the facts or the actual issues.

[@gotya2006]

@@cagleholdings771 Agreed. It seems like the Democrats what to do decide what "fair share" is. There are so many people who don't even pay taxes. They just want to transfer wealth.

[@timhopkins9998]

Recall when Ronald Reagan became president 44 years ago. Our national debt wasn’t quite $900 billion. Interest paid on the national debt cost $140 billion in December of 2024. Today’s debt is $36 trillion. The times they’re a changing.

[@douglemay7989]

Still waiting for the trickle to start.

[@Evroyal]

So do I. How about decrease taxes for the people who pay.

[@Dog.soldier1950]

Smart dude

[@darladoon]

This guy has no idea what he’s talking about

[@2317-b1x]

Bessent already said we have a spending problem not a revenue problem same old democratic nonsense blame the rich 🥱

[@Froskru]

Do most people understand pass through owners. Do they know why they are called pass through owners. How can multi nationals and billionaires own small businesses. They own huge business through llcs and want Spanish no extra special treatment. Small businesses don’t generate millions of dollars annually

[@JamesDunn-g9w]

What about the little man

[@GeorgeSchneider8889]

The United States is a low-tax country Compared with other nations in the Organization for Economic Cooperation and Development (OECD), the United States ranks 32nd out of 38 in revenue as a percentage of GDP.20 But it’s not just that the United States is near the bottom end of revenue; it is nowhere close even to the average. Over the CBO’s 10-year budget window, the United States will collect $26 trillion less in revenues than it would if its revenue as a percentage of GDP were as high as the average OECD nation. When compared to EU nations, that number rises to $36 trillion. (see Figure 2) In contrast, the $289 billion projected revenue increase in the Inflation Reduction Act21 still leaves the United States ranking 32nd out of 38 OECD countries

[@michaelskyros8803]

How is this congress person allowed to serve in Congress and yet still be a pastor? Isnt that a conflict of interest and against our Constitution. Just bigger problems than taxes or spending cuts. Wake up

[@JustinRose11]

It is allowed by the constitution however it is against the churches guidance. It reflects more on his ability to pastor than govern.

[@TaraMoore-g7t]

How is a convicted felon allowed to be President?

[@TaraMoore-g7t]

​@JustinRose11 if he was white yall would not care. Rather have a man of faith in congress than the convicted felon for a president

[@cliffthatcher4574]

No, it isn't against the Constitution that a pastor sever in the Senate. The only thing mentioned, as I am sure you know, is that Congress shall make no law establishing a religion... no national religion. Merely serving in the Senate or the House does not constitute establishing a national religion

[@maewest6793]

Same reason Elon is truly the president of the United states who is going to have a office in white house

[@Tyc9909]

Yep… I see why he was hand picked by billionaire Donald trump

[@patsyannlandry]

Well he just lied did your income triple???? Damn sure mine did not!

[@scarecrow6741]

He didn't say your total income, he said the gain. You and this guy asking questions are clueless.

[@patsyannlandry]

@@scarecrow6741 And you think you will get money by giving tax breaks to the rich LOL

[@drabenickson5036]

But the composition of the top 1% as a statistical category also changes with time. In fact someone from the middle class is also permitted to earn their upward promotion and belong to this category. I think we can benefit more if we read Dr. Thomas Sowell’s work on these “top 1%” narratives. These are just statistical fallacies. It’s also not fair to tax someone more simply because they worked hard to get wealthy. They made their sacrifices so we must make our own day-by-day.

[@douglemay7989]

Conservatives buy Sowell's crap? It is equally unfair to starve people. Food and shelter are not luxuries.

[@cliffthatcher4574]

Senator.... why do you feel it necessary to punish those who have been successful?

[@calladec]

paying tax is not a punishment

[@troublezks]

Wait you think everyone paying their fair share of taxes is punishment? What kind of mental gymnastics is that

[@Mr.Vuciphier]

Because those "successful" people exploited their employees and the consumers while gaming the system by spending unlimited amounts of money to buy the politicians they want. At what point, when you're struggling to figure out how to pay for groceries, do you just stop and realize you're literally letting a clique of feudal lords bleed you dry on purpose?

[@zorlord7507]

Imagine thinking that helping to fund your country is a punishment

[@Mr.Vuciphier]

@ It's even worse, not only are they complaining about paying taxes, we hand them BILLIONS in subsidies every year from OUR money. actual socialism to people who are rich enough they would never need social security. But that's america now, we are the peasants and we're run by feudal lords.

[@scarecrow6741]

Rich people pay the taxes not working people. So the majority of all taxes being paid are by the rich. This guy asking the question just make himself look dumb.

[@redghost3170]

Not true. At all.

[@royprovins7037]

Middle class taxes as a percentage of their net worth would make a billionaire leave the country in a huff

[@redghost3170]

@@royprovins7037 - Exactly.

[@bradnewsbear]

This magat has been licking boots all up and down the comment section. But as usual with magats, they are the very definition of Dunning-Kruger. Notice how they always make broad statements filled with vagueries and non-sequitirs and when you ask them to explain, they can't. They either disappear from the thread or throw out their favorite buzzword they parroted from their favorite faux news anchor that week. But hey, keep telling yourself you're going to be rich someday, who am I to shatter your reality😂

[@Evroyal]

@@redghost3170you’re wrong

[@ColleenGaughan-z7j]

Oh my not only can he not do the math he refuses to admit that the rich are screwing the middle class.