Summary of Key Points from the Besant Nomination Qualification Hearing: Extension of Tax Cuts, No Debt Default

The hearing on January 16 indicated a divergence of opinions between the Democratic and Republican parties on tax policy, but it has not yet led Republican lawmakers to turn against Becerra's nomination. Becerra warned that if the tax cuts implemented by the Republicans in 2017 are not extended, the United States will face an economic crisis, which will impact the middle class and wage earners. Becerra emphasized that the issue of tax cuts is currently the only most important economic topic.

Becerra supports sanctions against Russian oil giants by the U.S. and the West to end regional conflicts. Maintaining the dollar's status as the global reserve currency is crucial for the health of the U.S. economy and the nation's fate.

Becerra believes that if his nomination is confirmed by a Senate vote and if Trump wishes to address the debt ceiling issue, the U.S. government will not default on its debt. Becerra hopes to work with Trump and Capitol Hill to resolve the debt issue.

Becerra also mentioned that Trump's policies help curb inflation, remote work poses a threat to national security, the U.S. does not need to introduce a central bank digital currency (CBDC), inflation harms American families, the Federal Reserve has independence in FOMC monetary policy, small business optimism has significantly increased, and more nuclear power plants will be built.

The hearing did not focus much on Trump's immigration policy stance and debt management issues