Scott Bessent Faces Fresh Scrutiny Over Medicare‑Tax ‘Limited Partner’ Loophole and an Unkept Back‑Taxes Pledge — What’s New on Nov. 12, 2025
Treasury Secretary Scott Bessent faces renewed scrutiny over allegations he avoided $900,000 in Medicare taxes by classifying himself as a limited partner at Key Square Group. Senate Democrats pressed him again this week as he addressed unrelated economic proposals, including a possible $2,000 “tariff dividend.” Bessent has pledged to pay any tax found due but the issue remains unresolved. He also currently serves as acting IRS commissioner.