{"id":1050805,"date":"2025-01-16T15:41:01","date_gmt":"2025-01-16T20:41:01","guid":{"rendered":"https:\/\/democrats.org\/?p=1050805"},"modified":"2025-01-16T15:41:01","modified_gmt":"2025-01-16T20:41:01","slug":"scott-bessent-confirms-trump-will-not-raise-the-minimum-wage-just-give-handouts-to-billionaires","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/scott-bessent-confirms-trump-will-not-raise-the-minimum-wage-just-give-handouts-to-billionaires\/","title":{"rendered":"Scott Bessent Confirms Trump Will NOT Raise the Minimum Wage \u2013 Just Give Handouts to Billionaires"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In response to Donald Trump\u2019s Treasury Secretary nominee Scott Bessent confirming the Trump administration will not work to raise the minimum wage, <\/em>DNC Rapid Response Director Alex Floyd released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cDonald Trump and Scott Bessent will give tax handouts to billionaires but oppose raising wages for the poorest Americans. Trump and his billionaire Cabinet have their priorities backwards. Instead of focusing on lower costs and higher wages, they\u2019re only trying to line their own pockets while breaking promises to working families.\u201d<\/p>\n\n\n\n

NEW: Donald Trump\u2019s Treasury Secretary nominee Scott Bessent confirmed he does not support raising the federal minimum wage \u2013 which has not been raised since 2009. <\/strong><\/p>\n\n\n\n

Sen. Bernie Sanders<\/a>: \u201cWill you work with those of us who want to raise the federal minimum wage to a living wage to take millions of Americans out of poverty?\u201d<\/p>\n\n\n\n

Scott Bessent: \u201cI believe that the minimum wage is more of a statewide and regional issue.\u201d<\/p>\n\n\n\n

Sen: Sanders: \u201cSo you don’t think we should change the federal minimum wage of $7.25 an hour?\u201d<\/strong><\/p>\n\n\n\n

Scott Bessent: \u201cNo, sir.\u201d<\/strong><\/p>\n\n\n\n

REMINDER: Trump\u2019s tax scam gave massive handouts to the ultra-wealthy at the expense of working families and created new incentives for companies to ship jobs overseas.<\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cFor the first time in history, U.S. billionaires paid a lower tax rate than the working class last year\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

Washington Post Analysis<\/a>: \u201cOne of President Donald Trump\u2019s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch.<\/strong> The financial burden that he\u2019s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump\u2019s time in office. \u2026<\/p>\n\n\n\n

\u201cThe growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.\u201d<\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump promised \u2018America First\u2019 would keep jobs here. But the tax plan might push them overseas.\u201d<\/strong><\/p>\n\n\n\n

Trump owns the worst jobs record in modern American history.<\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cPresident Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTrump\u2019s Jobs Record Fell Short of Promises Even Before the Virus\u201d<\/strong><\/p>\n\n\n\n

###<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to Donald Trump\u2019s Treasury Secretary nominee Scott Bessent confirming the Trump administration will not work to raise the minimum wage, DNC Rapid Response Director Alex Floyd released the following statement:  \u201cDonald Trump and Scott Bessent will give tax handouts to billionaires but oppose raising wages for the poorest Americans. Trump and his billionaire […]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1050805","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nScott Bessent Confirms Trump Will NOT Raise the Minimum Wage \u2013 Just Give Handouts to Billionaires - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/scott-bessent-confirms-trump-will-not-raise-the-minimum-wage-just-give-handouts-to-billionaires\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-16T20:41:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Shelby Reese\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shelby Reese\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/scott-bessent-confirms-trump-will-not-raise-the-minimum-wage-just-give-handouts-to-billionaires\/\",\"url\":\"https:\/\/democrats.org\/news\/scott-bessent-confirms-trump-will-not-raise-the-minimum-wage-just-give-handouts-to-billionaires\/\",\"name\":\"Scott Bessent Confirms Trump Will NOT Raise the Minimum Wage \u2013 Just Give Handouts to Billionaires - 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