Scott Bessent

So we're going to continue seeing this CapEx boom that turns into an employment boom.

On the other side, for working Americans, the president, I led the

administration's team up on the Hill in terms of what was non-negotiable for the president.

And a lot of traditional Republicans didn't like his campaign promises to working Americans, and the president never yielded on those.

So, no tax on tips, no tax on overtime, no tax on Social Security, deductibility of auto loans for American-made cars.

So the bill was done on July 4th.

It's retroactive to the beginning of the year for working Americans, retroactive to January 20th for corporates.

So working Americans, I also had the honor of being the IRS commissioner, and I can see that we're going to have a gigantic refund year in the first quarter because no one changed their, working Americans did not change their withholding.

So I think households could see, depending on the number of workers, $1,000, $2,000 refunds, they will change their withholding schedule at the beginning of the year, and they will get an automatic increase in real wages.

So I think that's going to be a very powerful combo of corporate and individuals.

And then these Trump accounts, I believe, are a game changer.

And I think this will end up more than what he did for defense, more than he did for strategic industries.

When we look back in 50 years, I think this administration will have saved or created the idea that everyone is an equity owner, that everyone has a stake in the market.

Right now, about 38% of Americans do not own equities, either directly or through some kind of a 401k or something.

So by giving every child $1,000 at birth, they have

for these accounts, we are gonna increase financial literacy, we're gonna increase people's optimism in the market.

Here at Treasury, we're gonna do a dramatic amount of financial literacy, financial education, we're gonna push that out to the schools.

And I think this idea of every American learning that money can make money for them, that we will close the gap

Over time, we'll go from 38% not owning equities that if this continues, hopefully that can be zero and everybody gets a stake in American prosperity

the American innovation that you all do.