WASHINGTON (APP) – US Senate confirmed billionaire investor Scott Basant On Monday to serve as President Donald Trump’s treasury secretary, he gave a critical balance act to prevent tax reduction and deficit, while introducing a plan on revenue that does not endanger growth.
He cleared the Senate Roll Call with bilateral support in 68 to 29 votes.
South Carolina resident will be the first open -gay person in this role, a historical first when Trump looks for new ways to enforce a policy agenda run by both billionaire business leaders, which concerns the rules and regulations. The victims. .
Basant, a supporter of the Democrats, who once worked for George Soros, has become a enthusiastic supporter of Trump.
He has said that if the Congress does not renew the key provisions of Trump’s tax deduction and jobs act, which is about to end on December 31, 2025. Talking about expansion of these tax deductions will be one of his major responsibilities. A 3 million barrels in a day and increasing the production of domestic oil by 3 million barrels and 3 % annual growth in domestic oil production has also been emphasized.
Basant Cleared the Senate Finance Committee 16-11 on bilateral votes. Democratic senses. Virginia’s Mark Warner and New Hampshire’s Maggie Hassan have approved the Basant’s nomination in the committee.
However, he suffered a blow to the Democrats on the unpaid tax responsibilities.
Democrats say Basant is engaged in avoiding tax by failing to pay about $ 10 million in medical tax related to his limited contribution to his hedge fund. In the meantime, the basant takes the responsibility of his tax to the IRS and is in legal action on the tax bill. During his hearing, he committed that he would pay the tax bill if the court ruled against it.
Other Democrats have expressed their support for Basant, including Sen Chris Konus, De Dale.
“Although I do not agree with many of their policy positions, especially their support for expanding tax deductions for rich and President Trump’s prices threats, I hope that he is the finance department. Will focus on reducing costs for middle -class Americans. ” A statement, adding that it supports Basant’s commitment to continue US investment in international financial institutions such as the World Bank and the International Monetary Fund.
Trump Took your time before settled On the basant as its nominee. He also subjected the billionaire investor John Paulon and Howard Lotnik, which Trump taped for the commerce secretary.
Treasury Secretary is responsible for serving as the President’s financial policy adviser and managing public loans. He is also a member of the President’s National Economic Council.
With Trump’s return to the White House and controlling the majority in his Republican Party Congress, his The selection of outdoor cabinets Despite the initial doubts and opposition from both sides of the singer, it is being confirmed.
In his testimony, Basant pledged to retain IRS’s direct file program – which allows taxpayers to file their returns directly to the IRS – for a minimum of 2025 tax season, which Starts on January 27. Republican lawmakers say the program is a waste of money because free filing programs are already there, though they are not popular.
During his hearing, he also said that the Federal Reserve should be free from the president’s influence and that US sanctions on Russian oil should be more aggressive.
