Dr. Peter Navarro
๐ค SpeakerAppearances Over Time
Podcast Appearances
So if you look at consumption, let's, let's start with that.
What we have coming in 2026 is the biggest IRS refund in history.
And we also have the tax break, no tax on tips, no tax on Social Security, no tax on overtime.
So consumption is going to be a pillar of prosperity in 2026.
So check that box.
The second growth driver, investment.
Let's look at what's happening there.
First of all, we got the IRS expensing in the big, beautiful bill.
100% expensing, Steve, on new manufacturing capacity.
And that's sparking a massive boom.
It's working in conjunction with the tariffs, Steve.
The tariffs are bringing in foreign investment.
As President Trump has said, if you build it here, you don't get tariff.
So we are literally looking at trillions upon trillions of dollars of new investment that drives investment.
the GDP growth directly, but it also increases productivity.
Why do we care as MAGA?
Because productivity is the key to an increase in real wages and the quality of life of blue-collar working Americans.
Now, third, you got the government spending.
That's going down, but that's a good thing.
One of the rules of economics is that a dollar in the government sector is much less