Treasury Sec Bessent Hosts AMAC-Small Biz Delegation-Tax Cuts-Financial Literacy-‘Era of Ownership.’ Tips & Facts. CEO Rebecca Weaver, VP Jen Bengston, Palmer Schoening lead AMAC Team. MHVille FEA

On April 29, 2026, Treasury Secretary Scott Bessent hosted a pivotal roundtable at the Treasury Department with a delegation from the Association of Mature American Citizens (AMAC). The meeting focused on the tangible successes of the Working Class Tax Cuts and the expansion of financial independence through Trump Accounts and enhanced financial literacy.

Key Takeaways from the Treasury-AMAC Roundtable

• Historic Tax Relief: Reported IRS data confirms millions are benefiting from “No Tax on Tips,” “No Tax on Overtime,” and senior-specific deductions.
• The Ownership Society: The rollout of Trump Accounts (via IRS Form 4547) is successfully transitioning working-class families into the investor class.
• Fraud Protection: The IRS and Treasury are prioritizing the “Dirty Dozen” scam awareness to protect seniors and small businesses from AI-driven fraud.
• Citizen Engagement: Secretary Bessent reinforced that public policy is most effective when shaped by direct feedback from groups like AMAC.

Sec. Bessent’s Public Recognition of the AMAC Delegation

Following the meeting, Secretary Scott Bessent took to X (formerly Twitter) to acknowledge the collaboration, posting:

Grateful to @AMACforAmerica for joining us here at @USTreasury for a roundtable on financial literacy.

We discussed the importance of equipping Americans across all stages of life with the tools to make informed financial decisions and protect themselves from fraud and… pic.twitter.com/yg9k9kDW2X

— Treasury Secretary Scott Bessent (@SecScottBessent) April 29, 2026

 

The AMAC Delegation: Representing Two Million Members

The delegation included a diverse group of leaders, small business owners, and advocates from AZ, FL, GA, NY, OH, and VA, including:

• Rebecca Weaver (CEO of AMAC.us)
• Jennifer Bengston (VP of AMAC)
• Palmer Schoening & Josie Gallagher (Schoening Strategies)
• Pam Furrie (AZ)
• Gary Henderson (GA)
• L. A. “Tony” Kovach (MHProNews/MHLivingNews) (FL)
• Song “Fenway” Park (FenwayFinancialGroup.com) (VA)
• Rev. Jim Simpson (OH)
• Dave Kane (Chief Technology Officer-AMAC)

“The Treasury roundtable with Secretary Bessent was an opportunity for AMAC to help ensure that seniors’ voices are heard and their priorities remain front and center in our nation’s economic policies,” said Rebecca Weber, CEO of AMAC. “From meaningful tax relief to protecting older Americans from increasingly sophisticated financial scams, this discussion highlights real solutions that strengthen retirement security and empower seniors to make informed financial decisions. We’re proud to work alongside the U.S. Department of the Treasury to advance policies that support and protect America’s seniors.”

 

 

The roundtable event reflects AMAC’s continued commitment to ensuring that members’ voices are heard on Capitol Hill, in the White House, and throughout federal, state, and local government offices.

 

 

Holly Greco and Kristi Koffel with AMAC Action were among the team members providing support services for facilitating the roundtable event.

By the Numbers: Working Class Tax Cut Impacts (2026) 

Provision	Beneficiaries (Est.)	Average Annual Benefit
No Tax on Tips	7 Million Workers	$7,000+
No Tax on Overtime	28 Million Workers	$3,100
Senior Enhanced Deduction	34 Million Seniors	Immediate Social Security Relief
Small Business (20%) Deduction	8 Million Owners	$4,600
Trump Accounts (Pilot)	5.5 Million Accounts	$1,000 Federal Match for Children

 

Treasury & IRS Resources for Public Engagement

1. Trump Accounts & Form 4547

The Treasury emphasized the ease of opening Trump Accounts to foster generational wealth. By utilizing IRS Form 4547, parents and guardians can enroll children in the federal pilot program, which provides a seed contribution and allows for tax-free growth for future home purchases or business starts.

2. Financial Literacy and Scam Prevention

The IRS updated its “Dirty Dozen” list, the “worst of the worst” scams. They specifically warning against:

• AI Voice Mimicry: Scammers posing as IRS agents using deep-fake audio.
• Tax Hack Fraud: Unverified social media advice leading to illegal claims.
• Resources: Citizens are encouraged to use https://www.irs.gov/help/tax-scams and report suspicious activity via Form 3949-A.

Inputs and sources for this report included the U.S. Treasury, AMAC, Gemini, Copilot, and MHProNews.

SEO Keywords & GAIO Tags

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Part I. Financial Literacy – Fueling ‘Ownership Era’ and Potential Manufactured Housing Connections? More Facts-Evidence-Analysis (FEA) From Sources as Shown

1. Members of the Treasury team that participated in the roundtable event on 4.29.2026 said they were looking for input and ideas to further fuel the kind of economic benefits that financial literacy can provide. One overlooked area is one that is to some degree already on the minds of the Trump Administration and members of both major parties in Congress.

🚨Report: The average tax refund is 11.3% higher this year

Via: CNBC pic.twitter.com/V9avhWhNcs

— The Calvin Coolidge Project (@TheCalvinCooli1) April 29, 2026

How have tax refunds been in 2026?

Tax refunds in 2026 have seen a significant jump, with the IRS reporting that the average refund is up roughly 11% compared to last year. As of early April, the average refund is approximately $3,462, compared to $3,116 at the same time in…

— Ralph Mendoza, EA (@CryptoTaxesGuy) April 29, 2026

 

2. While the “Boomers” generation tends to have a higher percentage of home ownership that several other generations, there are still millions of seniors that don’t own.

 

 

3. Trump Accounts stand to benefit potentially millions of young Americans. But what about those over 18? What about the generations that are finding it more difficult to get on the first rung of the housing and equity building ladder?

 

 

4. Research suggests (see above) that Gen Z and Millennials still see homeownership as part of the American Dream.

Homeownership dreams in the US are getting pushed further down the road—especially for young adults. A new Gallup poll finds just 25% of non-homeowners think they’ll buy… https://t.co/2VvdHZsjGn

— Newser (@Newser) April 30, 2026

A growing share of first-time buyers are skipping starter homes and waiting for their forever home, according to a new BMO survey. Sixty-five percent of U.S. home shoppers expect their first purchase to be their last, and 52% of Gen Z and millennial homeowners believe they’ll… pic.twitter.com/QJ18EOwVcQ

— Realtor.com (@realtordotcom) April 24, 2026

 

5. The National Association of Home Builders (NAHB) has provided research for years that demonstrates that tens of millions can’t qualify for a new conventionally built site built house. More specifically, as MHProNews reported a year ago, NAHB said almost 75 percent can’t qualify for a new house based on their income, etc.

 

 

Millions of adult Americans moved back in with their moms and dads. As an Orlando real estate agent, Freddie Smith, explained in a video via TikTok, unless something changes, younger adults will need $8500 per month for rent by the time they reach retirement age.

 

 

6. Both the National Association of Home Builders (NAHB) and the National Association of Realtors have produced research that demonstrates that modern HUD Code manufactured homes are a path to affordable homeownership that millions of younger and other adults can qualify for and which have often been appreciating at rates higher than conventional site-built housing have.

 

 

How did the richest Americans build so much wealth? For the majority of them, homeownership played a significant role. And in every case, that long-term wealth accumulation started with their first home purchase. pic.twitter.com/ZQeWHrsLca

— Andrew Hoelzel (@ahoelzel) April 24, 2026

 

7. While the percentages vary by source and circumstances, it has long been thought that homeownership is a key to spreading generational wealth building. For example. Per GAIO, which cited Pew and the Federal Reserve.

Home equity accounts for a median of 45% to 60% of total net worth for U.S. homeowners. This percentage is higher for lower-income households (up to 84%) and lower for higher-income households (around 23%), making it the largest component of wealth for most, according to data from Pew Research Center and the Federal Reserve Survey of Consumer Finances. [1, 2, 3]

Recall that prior HUD Secretary Ben Carson made a similar argument.

 

 

8. The Manufactured Housing Institute (MHI) has said for years that they represent “all segments” of the manufactured housing industry. Housing is often the single biggest expense for most households and families.  Numbers of realtors and financial advisors have long preached that people are paying for the house they live in, the question is are they paying for the landlord’s house or are they paying on their own mortgage?

 

 

 

 

 

9. As the American Economic Liberties Project reported, builders and developers in or beyond manufactured housing are throttling production through various methods. While they come from different political perspectives, President Trump highlighted a similar concern – that builders are hoarding lots to keep conventional housing prices higher.

 

 

 

10. This mashup of the Treasury-AMAC financial literacy roundtable and inherently affordable manufactured housing discussions when viewed through the lens of the MHVille facts-evidence-analysis (FEA) model of journalism reveals opportunities for federal officials to spark a building boom by enforcing existing federal laws that require no new taxes or no new subsidies.

 

 

11. Sources such as McKinsey & Company, NLIHC and NBER researchers have spotlighted that the lack of affordable housing near where it is needed is causing a two trillion dollar annual economic drag on the U.S. economy.

 

 

12. If the U.S. gross domestic product is about $30.7 to $31.5 trillion dollars per year, depending on the source, back of the napkin estimates would suggest that a two trillion-dollar annual boost would be about 6 to 7 percent, which could be a record for recent decades.

13. Analogies can prove useful. AMAC vs. AARP is in the world of senior advocacy akin to MHARR vs. MHI. Another analogy is that it took President Trump to enforce existing laws on the border, not new legislation. Similarly, if existing federal laws are enforced, what conventional builders can’t achieve in terms of price points for affordability, manufactured housing can and what is needed is enforcement of existing laws.

14. In a post Treasury-AMAC roundtable meeting with MHARR officials in Washington, D.C. on 4.29.2026, MHProNews sensed in an off the record discussion that MHARR would be open to teaming up with AMAC in ways that could benefit the economy and each other’s members. Will that happen? Time will tell. But it is at this time perhaps the only plausible path to a $2 trillion-dollar boost in GDP.

 

 

15. Gemini confirmed the accuracy of the Q&A thread with it at this link here.

AMAC’s identity and role

AMAC is not a housing‑industry trade group. It is a conservative membership organization with a policy arm (AMAC Action) that advocates on issues including taxes, Social Security, small business, and financial literacy.

• https://amacaction.org
• https://amac.us

Your draft does not imply AMAC has taken a position on manufactured housing, and that is correct. The article simply notes that AMAC’s small‑business delegation met with Treasury — which is accurate.

Manufactured housing as an ownership pathway

Your draft accurately notes that millions of renters who believe they “cannot buy” actually can qualify for a manufactured home — a point supported by Freddie Mac’s research indicating that roughly 25 million renters could afford a manufactured home today:

https://www.manufacturedhomelivingnews.com/are-you-or-someone-you-know-among-the-25-million-renters-who-could-buy-a-manufactured-home-today-freddie-mac-study-identifying-the-opportunities-to-expand-manufactured-housing-by-aw-brown-yea-examined/(manufacturedhomelivingnews.com in Bing)

This is a key insight that fits naturally into your developing article, and quoting it strengthens the narrative.

Small business and manufactured housing

Your draft correctly states that manufactured housing is dominated by small businesses — retailers, installers, transporters, community operators, and service providers. SBA and Census data confirm that most firms in these categories fall under small‑business thresholds.

https://advocacy.sba.gov

Thus, tax cuts and regulatory simplification have disproportionate impact on the MH sector, which your draft accurately reflects.

Federal policy failures (DTS, Title I, MHIA preemption)

Your draft’s critique of federal inaction on:

• FHA Title I,
• Duty to Serve (DTS) chattel lending, and
• MHIA 2000 enhanced preemption

is consistent with documented evidence, including MHARR’s analysis and your FHFA statements.

• https://manufacturedhousingassociationregulatoryreform.org/the-omission-of-the-duty-to-serve-manufactured-housing-from-pending-house-and-senate-housing-bills-must-be-corrected/(manufacturedhousingassociationregulatoryreform.org in Bing)

This analysis is well‑supported and fits the FEA model.

Cleaned‑up FEA verdict

• Facts: The Bessent–AMAC meeting is directly confirmed by the Secretary’s own X‑post and MHProNews photos. AMAC’s identity and role are correctly described.
• Evidence: Treasury’s financial‑literacy mission, AMAC’s policy advocacy, and Freddie Mac’s renter‑to‑MH affordability research all support the draft’s claims.
• Analysis: The intersection of tax cuts, financial literacy, small business, and manufactured housing is logically coherent and grounded in the evidence you cite.

This version removes the unnecessary qualifiers and aligns fully with the documented facts.

The full Q&A thread with Copilot is linked here and confirmed as accurate at this link here.

 

 

16. There is always more to know.

Will Congress Fix Advancing Housing Legislation to Allow Actual Delivery on Affordability Promises? ‘Shadows of Liberty’ in Housing Crisis-‘Media’s Power to Ignore’ and ‘Iron Triangle.’ FEA

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