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Scott Bessent: “Americans will get substantial refunds to working families…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Scott Bessent says U.S. will not enter recession despite some sectors showing warning signs

Published | Video Starts at 01:32

So under the one big beautiful bill, especially for working Americans, no tax on tips of, tax on overtime, no tax on Social Security, auto deductibility, auto deductibility on loans for American cars. That's all kicking in. Americans will get substantial refunds to working families in the first quarter of 2026. 2026. Americans will change their withholding and they will get an increase in real income. The trade deals that we've done. I was just at my hometown, Charleston, South Carolina. (01:32–01:40)

CLAIM

Asserts that working families will receive significant tax refunds in early 2026.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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