Scott Bessent

That's a very unique formula that hasn't been tried in this country for a long time.

That's a very unique formula that hasn't been tried in this country for a long time.

What we're going to have now, we are in this very odd, what I would call betwixt and between, between the tariff income and what Doge is doing in terms of the cutting government expenses. So CBO scoring, and for 35 years, I was on the other side of the wall and I would always, oh, well, CBO says this.

What we're going to have now, we are in this very odd, what I would call betwixt and between, between the tariff income and what Doge is doing in terms of the cutting government expenses. So CBO scoring, and for 35 years, I was on the other side of the wall and I would always, oh, well, CBO says this.

What we're going to have now, we are in this very odd, what I would call betwixt and between, between the tariff income and what Doge is doing in terms of the cutting government expenses. So CBO scoring, and for 35 years, I was on the other side of the wall and I would always, oh, well, CBO says this.

And I didn't really realize that kind of CBO scoring is a lot like Enron accounting, that it's not real. And when you actually look at the real story... But you assumed it was on the outside? Sure. Well, they're experts. It's a congressional budget office. It's a congressional budget office. And they're well-intentioned people. They just have the nonsensical rules. Think about this.

And I didn't really realize that kind of CBO scoring is a lot like Enron accounting, that it's not real. And when you actually look at the real story... But you assumed it was on the outside? Sure. Well, they're experts. It's a congressional budget office. It's a congressional budget office. And they're well-intentioned people. They just have the nonsensical rules. Think about this.

And I didn't really realize that kind of CBO scoring is a lot like Enron accounting, that it's not real. And when you actually look at the real story... But you assumed it was on the outside? Sure. Well, they're experts. It's a congressional budget office. It's a congressional budget office. And they're well-intentioned people. They just have the nonsensical rules. Think about this.

When all the scoring's done over a 10-year window, Yes. So they just assume 1.7 or 1.8 percent economic growth over the 10 years. And that never moves. Whether you raise taxes or cut taxes doesn't move. So that's what during the campaign when Vice President Harris was announcing all these big tax increases she wanted to do and things like that.

When all the scoring's done over a 10-year window, Yes. So they just assume 1.7 or 1.8 percent economic growth over the 10 years. And that never moves. Whether you raise taxes or cut taxes doesn't move. So that's what during the campaign when Vice President Harris was announcing all these big tax increases she wanted to do and things like that.

When all the scoring's done over a 10-year window, Yes. So they just assume 1.7 or 1.8 percent economic growth over the 10 years. And that never moves. Whether you raise taxes or cut taxes doesn't move. So that's what during the campaign when Vice President Harris was announcing all these big tax increases she wanted to do and things like that.

that the CBO was scoring her very well and President Trump wants to make the 2017 tax cuts permanent. That was kind of a blowout number because obviously growth is going to go up a lot when you cut taxes. So that was a long way of saying We will not get credit for the tariffs in any bill because Congress is not going to legislate it. President's doing it with executive authority.

that the CBO was scoring her very well and President Trump wants to make the 2017 tax cuts permanent. That was kind of a blowout number because obviously growth is going to go up a lot when you cut taxes. So that was a long way of saying We will not get credit for the tariffs in any bill because Congress is not going to legislate it. President's doing it with executive authority.

that the CBO was scoring her very well and President Trump wants to make the 2017 tax cuts permanent. That was kind of a blowout number because obviously growth is going to go up a lot when you cut taxes. So that was a long way of saying We will not get credit for the tariffs in any bill because Congress is not going to legislate it. President's doing it with executive authority.

But the money will be coming in. We've already taken in several hundred million dollars on the China tariffs from his first term. We take in about $35 billion a year just on the old tariffs, not on the new ones. So in the CBO window.

But the money will be coming in. We've already taken in several hundred million dollars on the China tariffs from his first term. We take in about $35 billion a year just on the old tariffs, not on the new ones. So in the CBO window.

But the money will be coming in. We've already taken in several hundred million dollars on the China tariffs from his first term. We take in about $35 billion a year just on the old tariffs, not on the new ones. So in the CBO window.

That's about $350 billion, which pays for a lot of the president's promises on no tax on tips, no tax on Social Security, no tax on overtime, making interest deductibility on autos made in the U.S. And think what the president's doing here. He is backing into... an affordability solution for the bottom 50% of wage earners, because they're the ones who will benefit from all four of those programs.

That's about $350 billion, which pays for a lot of the president's promises on no tax on tips, no tax on Social Security, no tax on overtime, making interest deductibility on autos made in the U.S. And think what the president's doing here. He is backing into... an affordability solution for the bottom 50% of wage earners, because they're the ones who will benefit from all four of those programs.

That's about $350 billion, which pays for a lot of the president's promises on no tax on tips, no tax on Social Security, no tax on overtime, making interest deductibility on autos made in the U.S. And think what the president's doing here. He is backing into... an affordability solution for the bottom 50% of wage earners, because they're the ones who will benefit from all four of those programs.