The Coffman Chronicle

The Coffman Chronicle

Oligarch Watch

Scott Bessent: A Treasury Secretary for the 1%

Low wages, big tax cuts, and higher costs for families.

Marie Riverton's avatar
Marie Riverton
Jan 29, 2025
∙ Paid

The confirmation of Scott Bessent as Treasury Secretary is yet another win for Wall Street and a gut-punch to working-class Americans. While his historic appointment as the first openly gay Treasury Secretary is a milestone for representation, his policy positions and personal record reveal a troubling prioritization of the wealthy over ordinary citizen…

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