Scott Bessent: “85% of our seniors paid no taxes.”

“And importantly, very importantly, 62 million returns. 44% claimed at least one of the President's signature tax cuts. No tax on tips, no tax on overtime. The reduced taxes on Social Security benefits. 85% of our seniors paid no taxes. And the auto deductibility on loans for American cars. And remind everyone, Democrats, every Democrat voted against those programs. We've had sustained and resilient GDP growth.” (01:16–01:20)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.