WASHINGTON, Sept. 30 -- The Senate Finance Committee issued the following news release:
Senate Finance Committee (Committee) Ranking Member Ron Wyden, D-Ore., led six Finance Committee Democrats in a demand that Treasury Secretary Scott Bessent pay $910,000 in payroll taxes that he owes from his days as a hedge fund manager.
In the letter, the senators argue that after a recent court ruling, Secretary Bessent should pay what he owes to the federal government.
"Secretary Bessent is the highest ranking tax official in America and he is failing to lead by example by exploiting tax loopholes to avoid payroll taxes that every working American pays out of each paycheck," said Wyden. "In Trump's America, you have to pay your fair share of taxes...