Treasury Secretary Scott Bessent offered an upbeat assessment of the Trump tax break bill , signaling unexpected progress despite political tension on Capitol Hill. Speaking at the American Bankers Association summit, Bessent said the legislation is moving forward faster than many anticipated.
Bessent: Trump Tax Break Bill May Prevent Recession
“It’s going better, better than expected,” Bessent told attendees, emphasizing that measured implementation is key to avoiding economic disruption.
“Some lawmakers are acting like it all has to be done right now — but going too fast could spark a recession,” he warned.
Bessent outlined steps aimed at preserving economic stability, including reinstating 100% depreciation and extending the tax breaks central to President Trump’s legislative agenda.
Trump Urges GOP to Rally Around ‘One Big Beautiful Bill’
President Trump took to social media, urging Republicans to rally behind the Trump tax break bill, calling it more important than ever.
Despite the push, GOP hardliners have not yet fully aligned, creating uncertainty around an upcoming House vote that could make or break the administration’s first major legislative victory.
