Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
Ed Martin, the incoming chief of staff for the Office of Management and Budget (OMB) under President-elect Donald Trump, emphasized the importance of “impoundment” as a tool to curb wasteful government spending. Speaking on Breitbart News Daily, Martin outlined how this strategy could play a crucial role in implementing the vision of government efficiency advocated by Vivek Ramaswamy and Elon Musk through the Department of Government Efficiency (DOGE).
Elon Musk spent more than $250 million to support President-elect Donald Trump, according to filings with the Federal Election Commission (FEC) reported by The New York Times.
A series of recent polls highlights widespread public dissatisfaction with the federal government, with many Americans favoring efforts to reduce its size and improve efficiency. A Pew Research survey from this summer found that 56% of Americans believe the government is “almost always wasteful and inefficient,” while Gallup reports that 55% feel the government is doing “too much,” compared to 41% who think it should do more.
