US Treasury secretary targets July 4 for tax bill

Economic pressure: Bessent outside the White House in Washington. GOP lawmakers have yet to make significant progress on the specifics of the legislation, including which tax priorities to include and which healthcare spending to cut. — Bloomberg

WASHINGTON: US Treasury secretary Scott Bessent set a July 4 goal to pass President Donald Trump’s multi-trillion dollar tax cut package as polling shows that voters largely disapprove of the White House’s handling of the economy.

“We hope that we can have this tax portion done by the Fourth of July,” Bessent said Monday following a meeting with congressional leaders.