Ted Cruz Urges Scott Bessent to Go Around Congress and Enact $200B Tax Cuts
Cruz urged the Treasury secretary to pursue capital-gains tax cuts without new congressional legislation.

SOURCE CHECK
TAP FOR WHYInternational Business Times identifies an author and attributes the proposal to a letter obtained by The Washington Post, while citing legal and budget analyses. The article offers useful sourcing but relies in part on broadly described, unnamed experts and officials.
- Source type — An established digital news publisher; a moderate institutional prior.
- Transparency — The article identifies the letter's reported source and names a budget model, but does not link or detail all supporting materials.
- Author attribution — A named author is identified.
- Editorial standards — The article distinguishes the senators’ claims from legal and distributional criticisms, though some opposing sources are not named.
The article explains the proposal and its estimated fiscal and distributional effects, and presents both the senators’ rationale and legal and economic objections. Some countervailing sources are described generally rather than identified by name, and the article provides limited detail on the underlying analyses.
HOW WE SCORE ↗The article explains the senators’ case for the tax change and sets it against legal objections and analyses of who would benefit. The case against the proposal receives more concrete support, and the article does not include a response from Bessent or a detailed defense from the senators.
- Counterarguments presented — Legal objections and concerns about the distribution of benefits are included.
- Source diversity — The article refers to the senators, legal scholars, administration officials, a Justice Department opinion and a budget model, though some sources are unnamed.
- Omitted context — No response from Bessent or a detailed rebuttal from the senators is reported.
- Loaded language — The headline uses “go around Congress,” but the body mainly describes the competing claims.
The article reports the senators’ pro-growth case but gives substantial attention to legal objections and the projection that the tax change would disproportionately benefit top earners. Its framing is mildly skeptical rather than overtly partisan.
- Framing — The article foregrounds legal authority and who would benefit, alongside the senators’ stated rationale.
- Language tone — Mostly factual language, with the headline’s phrase “go around Congress” emphasizing the disputed route.
- Source selection — It includes the senators’ arguments and cites legal and budgetary counterpoints.
Sens. Ted Cruz and Tim Scott urged Treasury Secretary Scott Bessent to use executive authority to cut capital-gains taxes by about $200 billion. The proposal faces legal objections and criticism that most of its benefits would go to wealthy taxpayers.
Cruz and Scott asked the Treasury Department to adjust the inflation calculation for capital gains, arguing that the change could encourage investment, create jobs and provide tax relief. Cruz’s office estimated the change would reduce revenue by about $200 billion. The senators said the Treasury could act under existing authority without new legislation.
The article reports that legal scholars and some administration officials dispute that interpretation, citing a 1992 Justice Department opinion that such a change would require congressional action. It also cites budget analyses finding that the benefits would primarily go to wealthy taxpayers; one projection put about 86 percent of the gains with the top 1 percent of earners.
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SWIPE →Texas senator who co-authored the request for Treasury to change capital-gains tax calculations
South Carolina senator who co-authored the request for Treasury to change capital-gains tax calculations
Scott's version of this story ↗President whose administration signed the previously enacted tax and spending package
Treasury secretary asked to implement the proposed tax change
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