Senator Marshall to Treasury Secretary Nominee, Scott Bessent: Let’s Help Main Street, Small Businesses and Rural America

Washington, D.C. – U.S. Senator Roger Marshall, M.D. voted in support of President Trump’s Secretary of Treasury Nominee, Scott Bessent, in the Senate Finance Committee hearing. Senator Marshall discussed how Bessent will deliver for small town America, champion and reform the 45Z tax credit, and extend the Trump tax cuts. 

During Scott Bessent’s opening statement, he discussed how he will help deliver President Trump’s America First agenda and unleash a new economic golden age through his goals to secure our supply chains, strategically use sanctions, stand up for American workers, ensure the U.S. dollar remains the world reserve currency, reduce wasteful spending, and make President Trump’s 2017 Tax Cut and Jobs Act permanent. 

Born and raised in South Carolina Low Country with firsthand experience of what it means for a family to struggle to make ends meet, and the determination and grit that resulted, Scott will be a transformative leader at the Department of Treasury.

You may click HERE or on the image above to watch Senator Marshall’s full interview.

Highlights from Senator Marshall’s Remarks Include:

“Many of us share the same goal that we want Americans to be prosperous. We want them to be able to live their American dream. We disagree how to get there, oftentimes, but we all had the same goal: that we want Americans to be prosperous. Mr. Bessent, welcome and congratulations on your nomination.”

“I think it could be said that rural America, in many ways, is President Trump’s base. Of the 77 million people that voted for President Trump, a lot of them came from rural America… and no one has suffered more these last four years than rural America has… What can we do to help Main Street, to help small businesses and to help rural America?”

“Now everyone knows that you’re a financial wizard, that you’ve been successful on Wall Street, but I just want to understand your commitment to small town America. You’re from a small town. I think you understand agriculture from our conversations and even some background in community banks. How important are community banks to those small towns, and what is your commitment to rural America?”

“45Z is a tax credit…it would really help rural America in the standpoint that we help take some of our feedstocks, whether it’s soybeans or corn, and turn it into biodiesel, renewable diesel. I think it’s going to lead to cleaner air for all of us, but it’s certainly very important to rural America. And just would ask that you would look into it, but what we can’t do is let China benefit from it. I really think any tax credit we have should not impact foreign entities.”

“On the Trump tax cuts and how important it is to make them permanent… I can tell you that families back in Kansas were able to keep about $1,000 a month in their pocket after the Trump tax cuts took effect, and I think that would be going forward. So if we lost it, if we lost these Trump tax cuts, then I would assume that those same families would be giving the federal government another $1,000 so this, this issue, to me, is vitally important to rural America.”