"Bessent stated that raising taxes was not at all under consideration, emphasizing that the military budget is sufficient with a trillion dollars allocated for this year."
"Bessent dismissed inquiries about funding sources for the Iran War, labeling them as ridiculous and asserting that the U.S. has plenty of money to support military needs."
"He argued that the trade-off of preventing a nuclear-armed Iranian regime is worth the current economic challenges, including rising oil prices for consumers."
Treasury Secretary Scott Bessent defended the funding for the Iran War during an interview, dismissing questions about tax increases as ridiculous. He emphasized that the military budget is ample, with a trillion dollars allocated for the current year. Bessent stated that raising taxes is not being considered. He also addressed concerns about rising oil prices, asserting that the long-term benefits of preventing a nuclear-armed Iranian regime justify the current economic challenges faced by consumers.
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