Treasury Secretary Scott Bessent Profile picture
Jun 8 3 tweets 1 min read Read on X
Governor @GavinNewsom is threatening to commit criminal tax evasion.

His plan: defraud the American taxpayer and leave California residents on the hook for unpaid federal taxes. (1/3)
I am certain most California businesses know that failing to pay taxes owed to the Treasury constitutes tax evasion and have no intention of following the dangerous path Governor @GavinNewsom is threatening.

I would warn state officials, including payroll managers, that federal law attaches personal liability to an “attempt to evade or defeat tax.” (2/3)
.@GavinNewsom’s comments are extremely reckless.

Instead of committing criminal tax evasion, Governor Newsom should consider a tax plan for California that follows the Trump Tax Cuts model and reduces the onerous state tax burden to allow families to keep more of their hard-earned money. (3/3)

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More from @SecScottBessent

Jun 4
We cannot allow the American people to suffer the biggest tax hike in history next year.

Getting @POTUS’s “One Big Beautiful Bill” passed is one of our top priorities. And it’s an integral component of President Trump’s bold economic agenda to drive long-term growth.

The American people deserve to know how this bill will benefit them directly. Thread.
WORKING FAMILIES

✔️No federal income tax on tips or overtime pay.

✔️Bigger standard deduction for every household.

✔️Extra senior deduction so retirees keep more of what they’ve earned.

These dollars stay in your pocket, not Washington’s.
SMALL BUSINESS & ENTREPRENEURS

✔️Keeps, and increases, the small business pass through deduction.

✔️Immediate expensing for R&D so innovators can scale faster.

Main Street, not Wall Street, drives the next wave of jobs.
Read 6 tweets
Apr 15
With Tax Day upon us, we are doubly focused on making the IRS work better for American families, at a better price.

To that end, we are striving for excellence in collections, privacy, and customer service.

The agency has been in a “modernization” program for decades. But this year, we are finally implementing a tech-forward, efficient approach made possible by the amazing talent we already have in the building.

Here’s how the IRS under the Trump Administration is serving you:
The IRS has successfully saved $2 billion without any operational disruptions by eliminating wasteful contracts, such as auto-renewed licenses unused for years.
The IRS has removed non-technical people from technical leadership roles in engineering and replaced them with experienced engineers.

Going forward, skilled engineers will drive technical decisions. The IRS has its fair share of software talent. These men and women, who have long served the IRS, need to be empowered to make decisions.
Read 6 tweets

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