WASHINGTON (AP) — U.S. Treasury nominee Scott Bessent is facing sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut. Bessent sat in front of the Senate Finance Committee on Thursday for his confirmation hearing. He told lawmakers that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.” Bessent pledged to maintain a free IRS tax filing system at least for the 2025 tax season, while studying whether it should continue after that. Republican lawmakers have branded that program a waste of money and want it cut.
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