The Damage Report
The Damage Report
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Ted Cruz Pulls UNBELIEVABLE Stunt To Bypass Congress Over Staggering Tax Cut Scheme

Posted

March 7, 2026

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Texas Senator Ted Cruz pulls an unbelievable stunt with Senator Tim Scott to bypass Congressional approval to pass their tax scheme through Scott Bessent directly. John Iadarola and Abelina Sabrina break it down on The Damage Report. Leave a comment with your thoughts below!

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Ted Cruz asks Treasury to approve $200 billion tax cut without Congress

"Two leading Republican senators are asking the Trump administration to approve a $200 billion tax cut without congressional approval, as the GOP aims to improve its economic approval rating with voters ahead of the 2026 midterm elections.

Sens. Ted Cruz (R-Texas) and Tim Scott (R-South Carolina) will send a letter to Treasury Secretary Scott Bessent on Tuesday urging him to use executive authority to reduce some of the taxes paid on capital gains — a change that would lower the tax burden on Americans selling stocks, businesses, homes and other assets, according to a copy obtained by The Washington Post ahead of its release. The senators argue the administration does not need congressional approval to make the shift, although some conservative legal experts and Treasury officials have disagreed with that conclusion in the past."

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Guests & Subjects Covered

Texas Senator Ted CruzSenator Tim ScottScott BessentJohn IadarolaAbelina SabrinaThe Damage Report LeaveNoble MobileTed Cruz

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Ted Cruz Pulls UNBELIEVABLE Stunt To Bypass Congress Over Staggering Tax Cut Scheme · The Damage Report · Sentinel