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 is back under the microscope over his past use of a Medicare self‑employment tax loophole commonly claimed by hedge‑fund managers and other partnership owners. Senate Democrats have alleged since January that Bessent avoided roughly $900,000 in Medicare taxes by classifying himself as a limited partner of his own fund, Key Square Group—an approach the IRS has increasingly challenged in court. During his confirmation process, Bessent said he would pay any contested Medicare tax if ultimately owed, but the matter remains unresolved publicly and pressure has intensified again today. AP News+3Roll Call+3Politico+3 What’s new today (Nov. 12)