Sec. Bessent: We’re Seeing Strong Acceleration Across All Parts of the Economy, We’re Seeing a Manufacturing Renaissance

RUSH EXCERPT:
BESSENT: "Well, Larry, I think we are seeing a a very strong acceleration and it, it’s across the, all parts of the economy not, not just the AI build-out and we, we’ve seen it, the for all of 2026 As I said 2025 was setting the table with the tax bill with trade policy, with energy policy, with the regulatory policy and now, second half of 26 everything is coming into place We are seeing, as you noted, a manufacturing renaissance and we see that both in construction jobs and manufacturing jobs but all areas of the economy are strong We’ve never had so many people working in the US. We are seeing very substantial wage gains and just like you helped engineer in President Trump’s first term Larry, we are seeing that the the bottom two quintiles of workers are having bigger wage gains than the upper quintiles So working Americans are doing better And the, we we are seeing they’re keeping more of what they’ve got thanks to the tax bill And you and I have talked many times that that the tax bill was very powerful On one side, we had the corporate, incentives, immediate expensing of equipment of factories, of ag structures On the other side the president kept his four signature campaign promises no tax on tips no tax on overtime reduced tax on Social Security 80-five percent of our seniors are paying no income tax on their Social Security and deductibility of interest on American-made cars"