the staff of the Ridgewood blog
Washington DC, in a staggering revelation that has sent shockwaves through Washington, Treasury Secretary Scott Bessent has confirmed that up to 10% of the U.S. federal budget is lost to waste, fraud, and abuse every single year.
Continue reading Treasury Uncovers Massive Fraud in US Goverment Spending
the staff of the Ridgewood blog
Washington DC, in a recent interview, Treasury Secretary Scott Bessent made headlines for a historical quip that sheds light on the internal dynamics of the Trump administration. Responding to a report that he threatened to punch Federal Housing Finance Agency chief Bill Pulte, Bessent joked that Treasury leaders “have a history of dueling,” referencing none other than Alexander Hamilton.
Continue reading Treasury Secretary Scott Bessent Jokingly Compares His Feuds to Alexander Hamilton
February 13,2018
the staff of the Ridgewood blog
Washington DC, The idea that individuals will skirt new limits on deducting state and local taxes is “ridiculous,” Treasury Secretary Steven Mnuchin said in January, highlighting concerns that people might be able to pay property taxes and claim them as a charitable deduction.
The Secretary continued ,“Let me just say again from a Treasury standpoint and IRS, I don’t want to speculate on what people will do, but I think it’s one of the more ridiculous comments to think you can take a real estate tax that you are required to make and dress that up as a charitable contribution,”
Mnuchin told reporters at the daily White House press briefing. “I hope that the states are more focused on cutting their budgets and giving tax cuts to their people in their states than they are in trying to evade the law.”
