Scott Bessent: “There is no corporate tax [in Tennessee].”

“And I was thinking, we are on these beautiful roads, these beautiful highways, and there is no state income tax here. There is no corporate tax [in Tennessee]. as opposed to the high tax state where everything is falling apart. Many of you may think the best part of my job is getting calls from President Trump at 1:52 on a Tuesday night.” (16:34–16:37)

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.