Secretary Scott Bessent's Statement Before the Appropriations Subcommittee on Financial Services and General Government

As prepared for delivery.Chair Hagerty, Ranking Member Reed, and members of the subcommittee—I’m grateful to join you today. Treasury is committed to working with Congress to improve our nation’s finances, create new jobs, and strengthen the economy. The President’s Budget request for Treasury demonstrates our commitment to boosting growth, promoting efficiency within our agency, and targeting illicit actors that threaten our national security. We look forward to coordinating with you on the President’s Budget and his tax priorities in the coming weeks. As part of this effort, I wish to highlight today the Treasury Department’s efforts to advance President Trump’s economic agenda on tax and trade. First, tax. I am pleased to report that Treasury has just completed its most successful tax filing season in years—and we did so while improving efficiencies and cutting costs at the IRS.