Summary
Treasury Secretary Scott Bessent announced that Americans could receive larger tax refunds this year due to a policy from President Donald Trump. The increase in refunds, expected to total up to $150 billion, could provide up to $1,000 per wage earner.
Key Facts
- Treasury Secretary Scott Bessent made the announcement on Tuesday.
- The expected tax refund increase is due to a policy called President Donald Trump's "Big Beautiful Bill."
- The refunds could amount to $1,000 per wage earner.
- Bessent predicted up to $150 billion in total tax refunds this year.
- The announcement was made during the World Economic Forum in Davos, Switzerland.
- Bessent shared these details in an interview on Fox Business.
