Sarah Pabst/Photographer: Sarah Pabst/Bloomb

Treasury Secretary Scott Bessent said Republicans are looking at all options to help pay for President Donald Trump’s campaign promises on tax cuts, including increasing levies on the wealthiest Americans.

“We’re going to see where the president is” on the issue, Bessent said in an interview during a trip to Argentina Monday. “Everything’s on the table.”

Bessent said he and his counterparts in the administration and on Capitol Hill are working toward a “refinement portion” of legislation that would extend and potentially expand Trump’s 2017 tax cuts — many of which are set to expire at year-end.

“We’ve got broad agreement and we’re going to go from there,” Bessent said at the US ambassador’s residence in Buenos Aires.

Bloomberg reported earlier this month that Republicans were weighing the creation of a new bracket for those earning $1 million or more. A deteriorating economic outlook has also added pressure on lawmakers to accelerate the tax negotiations.

Bessent has said that he is working to expand the 2017 cuts to include no taxes on tipped wages and overtime pay, and a new benefit for Social Security recipients. He also said he wants to give people the ability to deduct the interest payments on their auto loans.

The Treasury chief was visiting Argentina to show support for the country after it received a new round of IMF funding last week. He earlier announced that the US would start trade negotiations with the country, after meeting with President Javier Milei and Economic Minister Luis Caputo.

There are a great accounting firms of all sizes all over the country, but if you had to pick a capital for the profession, it would probably have to be New York City.

Of all the states in the country, New York hosts the headquarters of the most Top 100 Firms, with 11, and all of those are based in the Big Apple. California comes second as a state, with eight T100 HQs, but Chicago comes second among cities, with eight.

Two-fifths of the state in the union host no large-firm headquarters — but that’s not to say those states don’t have representation. The Big Four firms have offices all across the country, as do many of the 12 other firms with over a billion dollars in revenue, and many other firms in the Top 100 have strong regional presences that give them offices in places don’t make the maps below. (Scroll through for more details.)

A majority of Americans don’t know that their taxes are about to increase.

According to Cato Institute’s 2025 Fiscal Policy National Survey released Monday, 55% of respondents do not know that the Tax Cuts and Jobs Act is temporary and set to expire this year.

The TCJA was passed by a 51 to 49 Senate vote on Dec. 2, 2017, and signed into law by President Donald Trump during his first term on Jan. 1, 2018. The overhaul to the Tax Code decreased the tax rate for five of the seven individual income tax brackets, raised the standard deduction, suspended the personal exemption, removed a mandate requiring individuals to purchase health insurance under a provision of the Affordable Care Act, and raised the child tax credit and created a nonrefundable credit for non-child dependents, among other things.

Mike Theiler/Bloomberg

Part of the unawareness surrounding the expiring tax cuts is simply due to familiarity. Only 9% of people are very familiar with the TCJA, 28% say they know a moderate amount about it and 34% say they know nothing.

When respondents learned that the TCJA will expire, 53% said that Congress should either make the cuts permanent (36%) or extend them temporarily (17%). Only 13% said they wanted Congress to let the tax cuts expire, and 34% didn’t know enough to say.

Respondents’ support for extending the tax cuts increased when they learned that the average person’s taxes will increase between $1,000 and $2,000 a year — 57% said to make the tax cuts permanent, and 28% said to extend them temporarily. 

Eight in 10 respondents say they worry they cannot afford to pay higher taxes next year. But only 45% expect their personal tax bill to increase, while 5% expect it to decrease and 23% think it will stay the same. Twenty-six percent don’t know what will happen.

Respondents were split on whether they thought the U.S. can afford the tax cuts: 45% said the U.S. can afford to make the TCJA permanent, 21% said the country cannot afford to do so and 34% said they don’t know.

However, 51% felt their taxes were handled fairly, while roughly half of respondents think their taxes are too high (55%) and believe their tax bill exceeds their fair share (55%).

The Cato Institute is a libertarian public policy think tank based in Washington, D.C. It surveyed 2,000 Americans from March 20 -26 for the report, in collaboration with YouGov.