02/05/2026 | Press release | Distributed by Public on 02/05/2026 15:41
Today, during a hearing with the Senate Banking Committee, Treasury Secretary Scott Bessent admitted that if Donald Trump won his frivolous lawsuit for $10 billion against the Internal Revenue Service, the money would come out of the pockets of American taxpayers and straight into Trump's wallet.
The $10 billion Trump is seeking for himself could cover over 75% of the cost of extending the enhanced ACA credits for 2026, which Republicans have refused to do, skyrocketing health care premiums for millions of Americans.
In response,DNC Rapid Response Director Kendall Witmer released the following statement:
"Donald Trump has no limits on what he will do to line his own pockets. With the taxpayer money Trump is demanding, 75% of the cost of extending the ACA tax credits in 2026 could be covered, so that working families could stop worrying about how they will be able to afford health care. While Trump enriches himself and his family, everyday Americans are barely getting by, drowning under the weight of high prices and disappearing jobs in Trump's failing economy. Yet Trump is laser focused on securing kickbacks for himself, his rich friends, and his wealthy donors while turning his back on everyday Americans."
In his first year in office, Donald Trump has treated the White House like his personal ATM, and as a result, his family's fortune has exploded. The Trump family has profited an estimated $2.25 billion from foreign payments, corrupt oligarchs, and more since he returned to office.