WASHINGTON, June 12 -- Treasury Secretary Scott Bessent testified before the Senate Appropriations Subcommittee on Financial Services and General Government, emphasizing the administration's focus on modernizing the tax system and reshaping global trade. He highlighted a sharp rise in tax receipts and cost savings at the Internal Revenue Service as evidence of improved efficiency under current reforms. Bessent promoted the One Big Beautiful Bill Act, which would make the 2017 tax cuts permanen more PR