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Scott Bessent: “There will be substantial tax refunds coming to working…”

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

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BREAKING NEWS: Scott Bessent Questioned About Trump's Greenland Ambitions, Tariffs At WEF In Davos

Published | Video Starts at 16:27

So we're seeing this wonderful balance between industrial America and Main Street America. I am also the IRS commissioner and we did not change the withholding guidance. So we're going to. As commissioner, I can see There will be substantial tax refunds coming to working Americans in the first quarter. They'll change their withholding. They'll get a bump up in real incomes because of the expensing. We're seeing 12, 14% CapEx growth in the U.S. and historically, you have never seen a capex boom without seeing employment follow. (16:27–16:34)

CLAIM

Asserts that working Americans will receive significant tax refunds.

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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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