NEW: Trump Treasury Secretary Scott Bessent says America must implement pro-growth regulatory policies, cut wasteful federal spending, and unleash American energy production.
“Today, I believe that President Trump has a generational opportunity to unleash a new economic golden… pic.twitter.com/ZPMYZGLCpT
— KanekoaTheGreat (@KanekoaTheGreat) January 16, 2025
NEW: Trump Treasury Secretary Scott Bessent says America must implement pro-growth regulatory policies, cut wasteful federal spending, and unleash American energy production. “Today, I believe that President Trump has a generational opportunity to unleash a new economic golden age that will create more jobs, wealth, and prosperity for all Americans.” “We must secure supply chains that are vulnerable to strategic competitors, and we must carefully deploy sanctions as part of a whole-of-government approach to address our national security requirements, and critically, we must ensure that the US dollar remains the world’s reserve currency.”
“The federal government has a significant spending problem, driving deficits that have averaged a historically high 7% of GDP during the past four years. We must work to get our fiscal house in order and adjust federal domestic discretionary spending that has grown by an astonishing 40% over the past four years.” “Productive investment that grows the economy must be prioritized over wasteful spending that drives inflation.” “If Congress fails to act, Americans will face the largest tax increase in history, a crushing 4 trillion tax hike. We must make the 2017 tax cuts and Jobs Act permanent and implement new pro-growth policies to reduce the tax burden on American manufacturers, service workers, and seniors.” “The best approach to achieving these important goals together, as President Trump has said: We will unleash the American economy by implementing pro-growth regulatory policies, reducing taxes, and unleashing American energy production.”
- I love that he said, “We do not have a revenue problem in the United States of America, we have a spending problem…” We have to cut the waste. – George
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