Donald Trump Administration

Treasury Secretary Scott Bessent on Wednesday accused Colorado, New York, Illinois and Washington, D.C., of refusing to adopt key provisions of President Trump’s One Big Beautiful Bill Act, arguing their residents are being denied tax cuts like “No Tax on Tips,” “No Tax on Overtime,” and a new seniors’ Social Security deduction. Calling the stance “obstructionism,” Bessent urged immediate conformity, said Treasury is ready to help, and warned the department “will not stand idly by” as non‑conformity drags on the recovery.