With markets reeling because of volatile tariff headlines from the Trump administration, one of the president's top Cabinet members is reportedly aiming to get CEOs and investors to focus on something more bottom-line friendly.

The prospect of permanent Trump tax cuts.

"It's common sense to cut taxes," Treasury Secretary Scott Bessent told influential CEOs of the Business Roundtable in a Wednesday afternoon meeting, a source familiar with the meeting told me. Bessent's meeting comes on the heels of President Trump convening the Business Roundtable on Tuesday, in part to calm nerves around policy priorities and uncertainty.

The secretary underscored the administration's commitment to making the tax cuts permanent, the source added.

A spokesperson for the Business Roundtable didn't return Yahoo Finance's request for comment on the meeting.

About $4.5 trillion in tax cuts stands to expire as part of the Tax Cuts and Jobs Act of 2017 (TCJA). The expiration is slated for Dec. 31, 2025.

Read more: Tax credit vs. deduction: Which is better?

The TCJA slashed the corporate tax rate to 21% from 35%. While the corporate rate was made permanent, lawmakers are reopening the tax code to look at all the expiring provisions.

Also known as the Trump tax cuts, deductions for state and local taxes were capped at $10,000, while standard deductions were doubled and the child tax credit expanded.

New Business Roundtable chair Cisco ( CSCO ) CEO Chuck Robbins has America's tax policy top of mind.

"You have got to do taxes this year because there's a lot of expiring, and if we don't do them, there's trillions of dollars in tax increases for the American citizens," Robbins told me at the World Economic Forum in January .

Robbins said he was "pragmatic," knowing the tax rate may not go lower than its current rate of 21%, but he hoped it would be held steady.

He acknowledged that "conditions are a little different now" from when Trump passed the 2017 tax cuts. "You've got the deficit, you've got interest rates, and so there are a lot more variables at play that are going to come into discussing what the actual tax package looks like."

Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi , Instagram , and LinkedIn