Bessent’s Boom: Tax Cuts, Cheap Energy, And Deregulation To Ignite Historic U.S. Growth

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Bessent’s Boom: Tax Cuts, Cheap Energy, And Deregulation To Ignite Historic U.S. Growth

America poised to become the world’s capital magnet, predicts Treasury Secretary

Treasury Secretary Scott Bessent
Treasury Secretary Scott Bessent

Treasury Secretary Scott Bessent is painting a vibrant picture of the American economy’s future, predicting a surge of growth reminiscent of the post-World War II era. Speaking on “Bannon’s War Room,” Bessent laid out a three-pronged strategy: tax certainty, affordable energy, and deregulation, all designed to transform the U.S. into the premier global destination for capital.

Beyond tax policy, Bessent highlighted the critical role of cheap energy. He asserted that securing reliable and affordable energy for the U.S. will meet the nation’s long-term electricity and fossil fuel needs, giving businesses a crucial competitive edge.

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This comes as the U.S. has seen record natural gas production, with April 2025 hitting 120.31 billion cubic feet per day, and liquefied natural gas exports increasing by a remarkable 48% year-over-year. Recent actions, such as President Donald Trump’s Executive Order 14154 granting 10-year oil and gas leases, underscore a strategic push for energy independence.

Finally, Bessent stressed the importance of deregulation. By easing burdensome regulations, he argued, the U.S. will foster an environment where both the public and private sectors can truly flourish.

This, he explained, would “make it possible for long-term projects, for private sector and the public sector, to do what we should be doing in terms of our long-term electricity needs, our fossil fuel needs, for businesses to be able to have great certainty and make long-term investments.”

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While the first quarter of 2025 saw a 21% dip in Foreign Direct Investment (FDI) compared to the previous year—potentially due to concerns over tariffs and policy uncertainties—the U.S. still holds its ground as the largest recipient of FDI globally, accounting for a quarter of the total in 2023. Bessent’s vision aims to reinforce and expand this leading position, promising a new era of robust economic prosperity for the nation.

Do you think these proposed policies could truly lead to a historic economic boom for the U.S.?

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