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◆ Mixed look for ScottTaxesEconomy

Ted Cruz Urges Scott Bessent to Go Around Congress and Enact $200B Tax Cuts

Scott joined Cruz in urging the Treasury secretary to enact capital-gains tax cuts using executive authority.

Ted Cruz Urges Scott Bessent to Go Around Congress and Enact $200B Tax Cuts
Image · International Business Times

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Outlet credibilityInternational Business Times60/100 MEDIUM
This article1 analysis · Oct 9, 2026
tl;dr

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.

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32 VOTES
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Tim Scott R · SC · SEN

Counts every outlet’s report of this story. See all 2

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Tim Scott
R · SC · SEN

South Carolina senator who co-authored the request for Treasury to change capital-gains tax calculations

PRIMARY SUBJECT
Ted Cruz
R · TX · SEN

Texas senator who co-authored the request for Treasury to change capital-gains tax calculations

Cruz's version of this story ↗
Donald Trump
R · President of the United States

President whose administration signed the previously enacted tax and spending package

Scott Bessent
R · Secretary of the Treasury

Treasury secretary asked to implement the proposed tax change

Part of a bigger story

2 OUTLETS
Cruz and Scott Ask Treasury to Adjust Capital Gains Inflation Calculations
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ALSO ABOUTTed Cruz

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