At a Senate committee hearing, Sen. Warnock asked Treasury Secretary Bessent yes or no whether going into debt to extend billionaire tax cuts was a good investment. Bessent disputed the "billionaire" label and called the Yale Budget Lab "a bunch of Biden hacks." Warnock answered that people in Georgia say tariffs ate up their tax relief, citing the Yale Budget Lab finding that the administration's tariffs cost families three times as much as they got back in tax cuts.
The receipt
- Who
- Sen. Warnock
- Where
- hearing - Senate committee hearing with Treasury Secretary Bessent
- Original footage
- Politics HQ · watch the full video from this moment
- Length
- 50 seconds, unedited within the cut
- Plays
- 336 on Instagram
Read the transcript
Do you think that going into debt to extend billionaire tax cuts was a good investment? Yes or no? I disagree with the categorization of billionaire tax cuts when in fact most of the tax cuts went to No, all of those. When tax, according to the recording, you recording senator, you are quoting a congressional budget office, which according to the Yale budget office, the Yale The Yale Budget Lab is a bunch of Biden hacks. Oh yeah, okay. Well, you should talk to the people in Georgia. They will tell you, sir, that whatever tax relief you think you gave them was more than taken up by these tariffs. According to the Yale Budget Lab, the administration's tariffs cost families three times as much as they got back in tax cuts.
Machine transcript of the clip's audio; names are checked, small words may differ.