US EditionBessent defends Trump’s ‘economic rebalancing’
- At the Milken Institute's Global Conference on Monday, Scott Bessent, the Treasury Secretary, outlined and supported the economic policies pursued by President Trump’s administration.
- Bessent explained the plan relies on three pillars: strategic tariffs, permanent 2017 tax cuts, and broad deregulation to boost U.S. Manufacturing.
- He detailed that tariffs aim to attract investment domestically, and the tax plan includes maintaining small business deductions and full expensing for factories.
- Bessent stated, "Our goal is not simply to grow the economy," but to create "a new Golden Age" with more jobs, factories, and innovation.
- He forecasted that economic growth will pick up in the latter half of 2025 and encouraged investors to join in creating a prosperous future for the country.
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Bessent says $2 billion cut from IRS technology budget without disruptions
WASHINGTON :U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration has cut $2 billion from the IRS information technology budget without operational disruptions and intends to save hundreds of millions more by automating processing of paper forms."Last year, the IRS spent approximately
Colorado Politics
DailyTruthReportBessent breaks down Trump’s economic policy strategy
Treasury Secretary Scott Bessent laid out President Donald Trump‘s second-term strategy for tackling the economy in an op-ed for the Wall Street Journal. Trump has been significantly more aggressive with tariffs than during his first term, which has drawn criticism…
Scott Bessent Defends Trump's Economic Agenda As 'Engine Designed To Drive Economic Growth,' Despite GDP Contraction And Falling Approval - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
Treasury Secretary Scott Bessent defended President Donald Trump's economic agenda on Sunday in an op-ed, arguing that the administration's approach will benefit Main Street while maintaining Wall Street's strength.
Bessent defends Trump’s ‘economic rebalancing’
Treasury Secretary Scott Bessent defended what he called President Trump’s “economic rebalancing” in an opinion piece released Sunday amid growing concerns regarding his handling of the economy. In The Wall Street Journal, Bessent said that the president “wants to ensure working families aren’t left behind in the next era of economic growth
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