WATCH LIVE: Bessent returns to the Hill after being questioned on Trump's IRS deal, Pulte pick
Summary
Treasury Secretary Scott Bessent declined to say if President Donald Trump and his family will still be protected from IRS audits after the government dropped a $1.776 billion plan that would have helped the president’s allies. Bessent was questioned by lawmakers but did not provide clear answers, citing ongoing legal cases.Key Facts
- Treasury Secretary Scott Bessent testified before a Senate committee about the Treasury Department’s budget.
- Bessent refused to confirm whether President Trump and his family still have immunity from IRS audits.
- The administration canceled a $1.776 billion compensation fund linked to the IRS audit immunity.
- Acting Attorney General Todd Blanche suggested the audit immunity part of the settlement might still apply to President Trump.
- Democratic lawmakers expressed frustration with Bessent’s evasive answers during the hearings.
- The issue is related to ongoing legal cases, which Bessent cited as a reason for not commenting.
- The hearing aimed to get clarity on the Treasury Department’s budget but brought up the IRS audit immunity question.
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