Statement from Secretary of the Treasury Scott Bessent Before the United States House of Representatives Ways and Means Committee

Chairman Smith, Ranking Member Neal, and members of the Committee, thank you for convening today’s hearing. I’m grateful for this opportunity to discuss President Trump’s 2027 Budget, which builds on this Administration’s progress in unleashing a new era of economic expansion.I last appeared before this Committee just a few weeks before the House passed the Working Families Tax Cuts. So, on the heels of the most successful filing season in IRS history, I’d be remiss if I did not begin by thanking the Committee for helping to deliver this once-in-a-generation bill to the President’s desk.This Tax Day, under President Trump, we celebrated how much more money hardworking Americans kept, not how much the government took.