Bessent Clashes With Schneider Over 2.8% Inflation and Trump Tax Leak at House Hearing
Updated
Updated · Fox News · Jun 5
Bessent Clashes With Schneider Over 2.8% Inflation and Trump Tax Leak at House Hearing
3 articles · Updated · Fox News · Jun 5
Summary
A House Ways and Means hearing erupted when Treasury Secretary Scott Bessent and Rep. Brad Schneider shouted over inflation, Iran-linked price pressures and Trump-era economic policy.
Bessent defended the administration by citing a 2.8% core inflation rate—near the Fed’s 2% target—after Schneider blamed Trump tariffs and the Iran conflict for higher costs facing his Illinois constituents.
Illinois became the next flashpoint when Bessent said Democratic policies were driving residents out of the state, prompting Schneider to reject his claim of net outbound migration.
Schneider then pivoted to the Charles Littlejohn tax-return leak case and Trump’s IRS settlement, while Bessent said no taxpayer’s information should be leaked and accused Democrats of weaponizing the system.