Free Republic

Treasury Secretary Scott Bessent predicted that Americans will see "gigantic" refund checks in the upcoming filing season, thanks to tax cuts in President Donald Trump's One Big Beautiful Bill Act (OBBBA). Bessent, who also serves as the acting commissioner of the IRS, made the remark during an appearance on the "All-In Podcast." The treasury secretary told the hosts that the tax provisions in the act, which Trump signed in July, applied retroactively to the beginning of the year, and because most workers did not change their withholdings, many can expect sizable refunds in 2026. "I can see that we’re gonna...