Treasury Secretary Scott Bessent (@secscottbessent)
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79th United States Secretary of the Treasury
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Public criticisms
Editorial timeline of public reporting, not a legal finding.
Public controversy over reported Medicare payroll-tax dispute
Coverage of Senate Democrats' claim that Bessent avoided about $910,000 in Medicare/self-employment taxes via a limited-partner structure, Wyden's opposition, and a 2026 demand letter after a Second Circuit ruling. Bessent disputed the claim and said he would reserve funds if owed.
- Confirmation hearing: Democrats raise Medicare tax dispute - Reuters reported that at his Jan. 16, 2025 Senate Finance hearing Democrats chided Bessent for using a disputed limited-partner tax structure that reduced Medicare taxes by about $910,000 over three years. Bessent said he would set aside funds to pay any amount ultimately found due. Democrats: Bessent avoided Medicare tax on hedge fund earnings
- Wyden opposes; Senate confirms Bessent - Senate Finance Ranking Member Ron Wyden on Jan. 27, 2025 urged a no vote, citing nearly $1 million in reported unpaid Medicare taxes. Reuters reported the Senate confirmed Bessent as Treasury secretary 68-29 the same day. Scott Bessent wins Senate confirmation as US Treasury secretary
- Finance Democrats demand Medicare tax payment - On Sept. 30, 2026 the Senate Finance Committee Democrats, led by Ron Wyden, published a letter demanding Bessent pay about $910,000 in reported payroll taxes after a Second Circuit ruling on the limited-partner exception. They cited his confirmation-hearing pledge to reserve funds for any amount owed. Finance Democrats Demand Scott Bessent Pay Back Unpaid Payroll Taxes
Public controversy over reported ethics-divestiture delays
Coverage of Bessent's confirmation ethics agreement, an OGE letter that he failed to timely meet divestiture deadlines, watchdog complaints, and his later report that he sold a soybean farm. Bessent said most required sales were done and illiquid assets would follow.
- Confirmed as Treasury secretary with divestiture pledge - Reuters reported the Senate confirmed Bessent as Treasury secretary on Jan. 27, 2025. A later Office of Government Ethics letter states he signed an ethics agreement requiring many divestitures by April 28, 2025 to avoid potential conflicts of interest. OGE letter on Bessent ethics agreement non-compliance
- OGE: not timely compliant; watchdogs seek probes - Reuters reported OGE told the Senate Finance chair Bessent had failed to timely comply with parts of his ethics agreement. On Aug. 13, 2025 Campaign Legal Center and Democracy Defenders Fund asked OGE and Treasury's IG to investigate. Bessent said about 96% of required divestitures were done and the rest by year-end. OGE letter on Bessent ethics agreement non-compliance
- Bessent says he divested soybean farm - Reuters reported that on Dec. 7, 2025 Bessent told CBS Face the Nation he had just divested his soybean-farm interests as part of his ethics agreement. The report noted OGE's August letter on late compliance and his pledge to finish remaining sales by year-end. Treasury Secretary Bessent says he has divested his soybean farm