Trump Nominee Scott Bessent Shuts Down Elizabeth Warren Over Billionaire Tax Codes

President-elect Donald Trump’s nominee to be the Treasury Secretary, Scott Bessent, sparred with Sen. Elizabeth (D-MA) on Thursday during his confirmation hearing in front of the Senate Finance Committee.

The exchange happened when Warren asked him to follow up on a question Sen. Raphael Warnock (D-GA) had asked him about taxing billionaires.

“It was Senator Warnock who asked you about, is there any billionaire rich enough who you wouldn’t support a tax cut for going forward,” Warren said.

“I think it’s unwise to single out any–,” Bessent began to respond before Warren cut him off.

“Rich people?” she snapped back.

“Any individual,” he responded.

“Oh okay,” Warren replied. “Is there a group of billionaires, you can just pick a dollar figure and there can be more than one above that?”

“I could give you a glib answer, but I won’t,” Bessent responded. “But you know again, that’s not where the money is. At one point when President Obama was debating Mitt Romney, the moderator said, ‘But sir, that would make collections go down.’ And he said, ‘Yeah, but it’s about fairness.'”

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“And I have to tell you some Warren, I’m about collection,” he continued.

Warren seemed to miss the entire point that he was making as she proceeded to give the same answer as Obama, saying: “I understand, but I like to think that fairness is about billionaires actually paying their fair share too.”

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