Jan 15, 2025 · Democratic committee staff claimed Bessent avoided paying more than $900,000 in Medicare taxes on income earned through Key Square Group over the three-year period.

4 days ago · Scott Bessent, President-elect Donald Trump’s choice to be Secretary of the Treasury, poses for a photo with Cabinet picks, other nominees and appointments, at the National Gallery of Art in Washington, Saturday, Jan. 18, 2025. ... Democrats say Bessent has engaged in tax avoidance by failing to pay nearly $1 million in Medicare taxes related ...

4 days ago · Senate Confirms Scott Bessent as Trump’s Treasury Secretary ... Democrats say Bessent has engaged in tax avoidance by failing to pay nearly $1 million in Medicare taxes related to his limited ...

4 days ago · Democrats say Bessent has engaged in tax avoidance by failing to pay nearly $1 million in Medicare taxes related to his limited partnership in his hedge fund. ... Scott Bessent testifies at Senate ...

4 days ago · [1/2] Scott Bessent, ... He backed Trump's pledge not to touch the Social Security retirement program and Medicare insurance plan for seniors, among the biggest line items in the federal budget ...

4 days ago · The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary. ... Democrats say Bessent has engaged in tax avoidance by failing to pay nearly $1 million in Medicare taxes related to his limited partnership in his hedge fund. Bessent, meanwhile, takes issue with his tax liability to the IRS ...

5 days ago · Scott Bessent, an ultra-wealthy Wall Street investor and Trump campaign megadonor, has reportedly avoided over $900,000 in Medicare taxes on income earned through his hedge fund, Key Square Group, over a three-year period.

Jan 15, 2025 · Democrats: Treasury nominee Scott Bessent avoided Medicare tax on hedge fund earnings. WASHINGTON — Senate Democrats are gearing up for a fight against Scott Bessent, President-elect...

Jan 16, 2025 · But like a number of Wall Street fund managers, Mr. Bessent makes use of a tricky legal maneuver to opt out of paying into Medicare. It’s a tax loophole that hurts Medicare but benefits him...

Jan 16, 2025 · Sen. Ron Wyden, D-Ore., accused treasury nominee Scott Bessent in his opening statement of using a loophole to opt out of paying into Medicare.