Treasurer sec Scott Bessent is very ‘Heatifumistic’ after the high court tax hearing

Treasury Secretary Scott Besstent said he went Wednesday’s high arguments to President Donald Trump The rates are “very optimistic,” telling FOX Business’ Larry Kudlow believes the administration’s trade process will stop.

Bessent, who attended the hearing alongside Commerce Secretary Hopard Lutnick and several other dignitaries, expected the justices to raise the emergency tariffs to impose international tariffs (ieepta).

He asked how the administration will return the billions from the jobs they have already collected if the Court imposes tax rates, and he replied, “We will cross that bridge when we get there.”

Speaking to reporters at the White House later in the day, Syemnt said he thought the high court “went very well.”

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“The Attorney General made a very strong case for the need for the President to be strong,” he said, adding that opposing attorneys fell flat on their faces. ”

Bessent declined to outline an emergency plan if the justices rule in the antitrust case, saying “We’re not going to discuss it right now,” but said he’s confident the court will uphold the tax.

He described the payments as a “shiny ice cube,” which first protects US industry, then melts away as production and balance is restored.

The secretary also mocked the plaintiffs who challenged the fee, saying “They are probably ashamed” and “do not understand the underlying economics.”

The Supreme Court is weighing the Trump Administration’s tax bill under the emergency powers law

Treasury Secretary Scott Bessent looks at reporters outside the White House after reading Wednesday’s arguments at the Supreme Court over the use of tariffs. (Eric Lee/Bloomberg via Getty Images/Getty Images)

Bessent pointed to an exchange from Justice Brett Kavaneugh, who asked if the prodigals were really arguing that the President could impose a 100% embargo, but not 1% of the tax that said the weakness of their case.

“Our trading partners have been doing this to us for decades,” Sessent said, rejecting the idea that Thombisa buyers are not buying. “If tariffs really hurt consumers’ wallets, other countries won’t continue to use them.”

Bessent also linked the tax to fight what he called “death and death” issues, pointing to China’s Fentanyl tax rates.

Treasury Secretary Scott Bessent outside the White House, Wednesday, where he spoke to reporters. (Eric Lee/Bloomberg via Getty Images/Getty Images)

“If you want to talk about ‘life and death,’ let’s talk about FENDANTL taxes,” he said. “They brought the Chinese to the negotiating table … for the first time, the Chinese agreed to work with the US on chemical precursors.”

Bessent said the administration will continue to connect trade, tax, and energy policy as part of what he calls “common prosperity.”

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The strategy is designed to help the high street and Wall Street grow together. He looked at the next Treasury’s upcoming “educational” campaign to emphasize the main pieces of Trump’s $ 2 trillion tax overhaul, telling KUDLOW This goal is to ensure “the next working Americans feel the benefits.”

“Wall Street did it for four years,” Sessent said. “Now it’s time for the highway to catch up.”