WASHINGTON, Feb. 6 -- Sen. Kevin Cramer issued the following press release:
Treasury Secretary Scott Bessent vigorously defended President Trump's financial policies and promoted the administration's pro-growth agenda when he appeared before the Senate Banking, Housing, and Urban Affairs Committee to deliver the Financial Stability Oversight Council's Annual Report to Congress.
U.S. Senator Kevin Cramer (R-ND), who focused on affordability and tax relief for adoptive families, asked Bessent to commit to examining the Internal Revenue Service's (IRS) interpretation of the refundable adoption tax credit which was restored in the Working Families Tax Cuts legislation. The IRS does not align with congressional intent to allow carryforward fun...