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Tax Refund Surge to Boost Household Liquidity in Q1, Says Scott Bessent
Tax Refund Surge to Boost Household Liquidity in Q1, Says Scott Bessent
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Scott Bessent predicts a record refund season as tax changes trigger $100 billion to $150 billion in Treasury payouts, averaging $1,000-$2,000 per household. The windfall stems from unadjusted withholdings after July's legislative shift, with workers expected to recalibrate payroll deductions post-refund for sustained take-home gains through 2026.
The WHITE House frames the policy as central to Trump's economic agenda, emphasizing immediate household relief through retroactive application. "Economic security is national security," Bessent asserted, aligning tax cuts with broader geopolitical strategy during a Philadelphia event promoting the administration's fiscal roadmap.
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