Treasury Secretary Scott Bessent to CEOs: It's common sense to cut taxes

Business and FinanceBusiness and Finance

Wed, March 12, 2025

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Treasury Secretary Scott Bessent to CEOs: It's common sense to cut taxes

^{Published on 2025-03-12 13:40:58 - AOL}

With markets reeling because of volatile tariff headlines from the Trump administration, one of the president's top Cabinet members is reportedly aiming to get CEOs and investors to focus on something more bottom-line friendly. The prospect of permanent Trump tax cuts.

The article from AOL Finance discusses comments made by Scott Bessent, a former Trump campaign economic advisor, regarding the potential impact of Donald Trump's economic policies if he were to win the 2024 presidential election. Bessent, who is now a hedge fund manager, suggested that CEOs are already preparing for a Trump victory by adjusting their business strategies in anticipation of his economic policies, which include tax cuts, deregulation, and a focus on domestic energy production. He highlighted that Trump's previous term saw significant corporate tax reductions and deregulation, which could be expected again, potentially leading to a surge in business activity and stock market performance. Bessent also mentioned that Trump's policies might lead to a stronger dollar and could influence inflation rates, although he did not delve into specifics on how these policies would directly affect inflation. The article underscores the business community's proactive stance in aligning with potential policy shifts under a Trump administration.

Read the Full AOL Article at:
[ https://www.aol.com/finance/treasury-secretary-scott-bessent-ceos-170244381.html ]

N@N

Treasury Secretary Scott Bessent to CEOs: It's common sense to cut taxes