Treasury Secretary Scott Bessent joins ‘Fox & Associates’ to debate the most recent on Republicans’ effort to go President Donald Trump’s megabill, tariff negotiations, if he would function Fed chair and extra.
The Senate is “transferring towards a vote right now” on President Donald Trump’s megabill regardless of Democrats’ efforts to halt “momentum,” Treasury Secretary Scott Bessent advised “Fox & Associates” on Tuesday.
The Trump official sat down with co-host Brian Kilmeade shortly after talking with Capitol Hill leaders concerning the “massive lovely invoice,” at present simmering within the Senate vote-a-rama the place lawmakers on both aspect of the aisle can submit a vast variety of amendments to the invoice.
“Twenty hours [of debate] does not fear me, as a result of it is simply the Democrats making an attempt to hinder this one massive, lovely invoice,” Bessent advised co-host Brian Kilmeade.
“President Trump has unimaginable momentum from the border to Israel-Iran. Now, we’ll carry it dwelling on the tax invoice, after which we’ll do commerce subsequent week,” he added.
AMERICANS WEIGH IN ON TRUMP’S ‘BIG, BEAUTIFUL BILL’: POLLS
US President Donald Trump speaks to members of the media on the South Garden of the White Home earlier than boarding Marine One in Washington, DC, US, on Tuesday, July 1, 2025. (Will Oliver/EPA/Bloomberg by way of Getty Pictures / Getty Pictures)
Senate Democrats have railed in opposition to the invoice for its slew of adjustments to Medicaid, inexperienced vitality tax subsidies and the way the invoice, significantly its design to make Trump’s 2017 Tax Cuts and Job act everlasting, would balloon the federal deficit.
Some Republican lawmakers have voiced their opposition to features of the invoice, together with Sens. Rand Paul and Tom Tillis, the latter of whom raised issues over the potential impacts the measure may have on Medicaid.
“I am gonna must respectfully disagree with him,” Bessent stated.
DEM DELAY TACTIC ENDS, DEBATE BEGINS ON TRUMP’S ‘BIG, BEAUTIFUL BILL’
WASHINGTON, DC – JULY 1: U.S. Senate Majority Chief John Thune (R-SD) walks to the Senate flooring throughout in a single day votes on the U.S. Capitol on July 1, 2025 in Washington, DC. (Photograph by Al Drago/Getty Pictures / Getty Pictures)
“We wish to make Medicaid accessible to moms and kids and those that want it. There are many able-bodied individuals who have taken benefit of the system. We will put in a piece requirement, and we’re simply making an attempt to get the degrees again to the place we had been pre-COVID, which I do not suppose anyone disagrees with.”
Bessent additionally downplayed criticism that the invoice will largely profit high earners, pinpointing insurance policies that might reduce taxes on suggestions and additional time along with the decrease tax on social safety and extra.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Rep. Bryan Steil, R-Wis., weighs in on opposition to the ‘massive, lovely invoice,’ the doable financial development the invoice will carry and his stance on the SALT cap.
“These sound like working-class tax breaks to me,” he added.
On the similar time, former DOGE chief Elon Musk ramped up his criticism of the invoice, pledging to discovered a 3rd political get together to rival the 2 at present in cost.
Bessent responded by saying, “I love Elon’s management on rockets. I’ll deal with the funds.”
Fox Information’ Alex Miller contributed to this report.