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Scott Bessent: “For one or two years I think we're going to see this burst…”

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

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Hern Asks Sec. Bessent About Manufacturing Facility Expensing & Third Party Litigation Financing

Published | Video Starts at 03:42

So we the you get the immediate hit to taxes now, but then you create an accelerated stream of income that is much higher, a multiplier effect after that. I call it the slingshot effect. So For one or two years I think we're going to see this burst of factories and manufacturers that were encumbered under the Biden administration. and I think going forward we are going to see a breakout in corporate income tax receipts. (03:42–03:52)

CLAIM

Asserts that there will be a burst of factories and manufacturers that were previously encumbered under the Biden administration.

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