BESSENT said he is watching whether Democrats genuinely intend to reduce US debt
and suggested the Trump administration would be willing to include eliminating
some tax-code 'tricks' in a deficit-reduction package. He said "we'll see" if
Democrats take normal action and show willingness to push debt gradually lower,
adding many tax-code provisions are economically meaningless and canceling them
"is not a tax increase" — it could raise revenue without raising rates.
