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[Summary Of The Key Points Of Bessent's Nomination Hearing: Extending Tax Cuts Will Prevent Debt Default] 1. The Hearing On January 16 Showed That The Donkey And The Elephant Have Different Opinions On Tax Policy, But It Is Not Enough For Republican Lawmakers To Turn Their Guns Against Bessent's Nomination. Bessent Warned That If The Tax Cuts Implemented By The Republicans In 2017 Are Not Extended, The United States Will Face An Economic Crisis, And The Middle Class And Wage Earners Will Suffer. Bessent Emphasized That The Tax Cut Issue Is The Only Most Important Economic Issue At Present. 2. Bessent Supports The United States And The West To Sanction Russian Oil Giants In Order To End Regional Conflicts. Maintaining The Global Reserve Currency Status Of The US Dollar Is Of Vital Importance To The Health Of The US Economy And The Fate Of The Country. 3. Bessent Believes That If His Nomination Is Confirmed By The Senate Vote And If Trump Wants To Deal With The Debt Ceiling Issue, The US Government Will Not Default On Its Debt. Bessent Hopes To Work With Trump And Capitol Hill To Solve The Debt Problem. 4. Bessant Also Mentioned That Trump's Policies Will Help Suppress Inflation, Remote Work Threatens National Security, The United States Does Not Need To Launch A Central Bank Digital Currency (CBDC), Inflation Hurts American Families, The Federal Reserve Has Independence In FOMC Monetary Policy, Small Business Optimism Has Increased Significantly, And More Nuclear Power Plants Will Be Built. 5. The Hearing Did Not Focus Too Much On Trump's Immigration Policy Stance And Debt Management

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