Counselor to @SecScottBessent @Lavorgnanomics: “Imports of goods were down, and the Consumer Price Index fell even more. So it’s not even like inflation is under 2%, it actually fell for those goods that were supposed to go up because of the tariffs. It’s remarkable. And it reflects the fact that foreign producers have absorbed this. The U.S. being the biggest consumer in the world really dictates the terms, and President Trump knows that.”

Counselor to @SecScottBessent @Lavorgnanomics: “The One Big Beautiful Bill increases supply side incentives to keep growth robust through capital investment and capital deepening. The markets are already responding very positively to what they expect on the inflation side. So again, these notions, that inflation is going to pick up, that deficits are going to stay high, are completely wrong.”

We are overlaying the President’s campaign promises with the 2017 Trump Tax Cuts. No Tax on Tips, No Tax on Overtime, Tax Relief for Seniors, Tax Deductibility on American-Made Cars, Full Expensing and Small Business Relief. These are tax breaks for hardworking Americans that will grow our economy from the ground up.

We have already seen real wages for hourly, non-supervisory workers rise almost 2% in the first five months of @POTUS's term. With the passage of the One, Big, Beautiful Bill we will see these numbers continue to rise and pave the way for a Golden Era for the American middle- and working- class.

The One, Big, Beautiful Bill is key to driving long-term growth and economic security for the American people.

Counselor to @SecScottBessent @Lavorgnanomics: “What we have in the bill are very pro-growth initiatives. We’re doubling the small business expensing. We’re increasing Opportunity Zones. We’re making President Trump’s tax cuts permanent. Factories now get 100% expensing. That’s going to be hugely additive to the economy and building. So do you want to have that, or do you want to have a record tax hike and kill the economy next year? That doesn’t make any sense.”

Counselor to @SecScottBessent @Lavorgnanomics: “What we have in the bill are very pro growth initiatives. We’re doubling the small business expensing. We’re increasing opportunity zones. We’re making the President Trump tax cuts permanent… another big thing is factories now get 100% expensing. That’s going to be hugely additive to the economy and building. So do you not want to have that? Do you want to have a record tax hike and kill the economy next year… that doesn’t make any sense.”

Following the removal of section 899 from the Senate version of the One, Big, Beautiful Bill, and consideration of the success of Qualified Domestic Minimum Top-up Tax implementation and its impact - there is a shared understanding that a side-by-side system could preserve important gains made by jurisdictions inside the Inclusive Framework in tackling base erosion and profit shifting and provide greater stability and certainty in the international tax system moving forward, the G7 announced. We look forward to discussing and developing this understanding within the Inclusive Framework.

EVERYDAY AMERICANS SUPPORT PRESIDENT TRUMP’S ONE BIG BEAUTIFUL BILL. 🇺🇸

#NEW: Chairman @SenatorTimScott applauded @USTreasury for taking action against three Mexico-based financial institutions who have played a key role in money laundering in connection with the illicit fentanyl trade. Full statement: