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Scott Bessent: “The [Biden administration's 1099K reporting threshold] was…”

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

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'If You Want To Work Harder, You Get To Keep More': Scott Bessent Touts No Tax On Overtime

Published | Video Starts at 01:27

They're not the party of Main street. They're the, I don't know what they're the party of, but they are bringing this down. I thought that it The [Biden administration's 1099K reporting threshold] was one of the most reckless things that had been done. that you were going to create this paperwork for small businesses. Many of them, they have service businesses and to do this and, and the magnitude from 20,000 to 6,000, … (01:27–01:38)

CLAIM

Asserts that the Biden administration's policy on the 1099K reporting threshold was reckless.

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.


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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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