Treasury Secretary Scott Bessent lays out Trump's economic plan to the Besties
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Episode Description
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Brief Summary
The episode outlines plans for government deleveraging and boosting U.S. manufacturing jobs through deregulation and tax reforms.
Key points
- Deleveraging the Government. The plan includes reducing government debt through strategic spending cuts.
- Reinvigorating the Middle Class. A focus on bringing back manufacturing jobs to strengthen the middle class.
Transcript
the plan uh because that that's really what I like to talk about today I think there are three plans here plan one we're going to delever the government via the spending we are also going to shed excess labor from the government and then on the other side we're going to deregulate the financial system the regulated Financial systems really been what I call regulatory corset then the private sector can relever so government deleveraging private sector re leveraging and the employment or the folks who lost their government jobs will be picked up the other side of getting prices down is getting real wages up on getting real wages for working people up it goes back to the
main street versus Wall Street and the the second plan is to the reorder the international trading system and bring manufacturing jobs back to the US and reinvigorate the the middle class there there's tariffs then I think there are three other things we can do which are the centerpiece of the administration we can have the low and predictable taxes we can substantially uh Slash regulations because regulations are the equivalent of that'll drive investment dollars private investment dollars and predictability in regulations uh and then uh cheap energy
