In a robust WarRoom conversation on Wednesday with Steve Bannon, Treasury Secretary Scott Bessent laid out precisely what President Trump’s economic team is doing—and why it matters to everyday Americans. While politicians in D.C. argue about bills and budgets, Bessent says the real focus should be on one thing: growth.

Bottom line: More jobs, less red tape, smarter trade—and a country that makes things again. That’s the vision. And it’s already gaining traction.

That means that Trump’s team wants to bring back strong, steady economic growth by cutting taxes, slashing red tape, and making smarter trade deals. According to Bessent, the country won’t get out of its deep financial hole if we don’t grow the economy.

So, what’s in the plan?

Bessent explained that the new legislation they’re pushing is built on what he calls a "three-legged stool”:

1. Tax Cuts – Making President Trump’s 2017 tax cuts permanent and expanding them to help businesses build factories and invest in America.
2. Deregulation – Cutting useless government rules that slow down business and innovation.
3. Trade Reform – Protecting American industries and jobs with tariffs and smarter trade agreements that actually benefit the U.S., not China.

One of the biggest changes Bessent discussed is a return to full expensing for capital investments. That means businesses can immediately deduct the cost of building new factories or buying equipment. Translation: more factories, more jobs, and more paychecks.

He also praised conservative members of Congress for pushing hard on spending cuts. "They’re holding people’s feet to the fire,” Bessent said, helping the U.S. get serious about its debt and runaway deficits.

What’s in it for you?

This isn’t just about Washington games. If Bessent and Trump succeed, it means:

More good-paying jobs in manufacturing and farming

Lower energy costs thanks to U.S. energy dominance

Less inflation and more purchasing power for families

A stronger dollar and more investment from overseas

Bessent even said we could see economic growth over 3%, which hasn’t happened in years. And this time, he promises, it won’t come with inflation. In other words, your groceries won’t get more expensive while your wages stay the same.

Why now?

Bessent warned that this might be America’s last real shot to turn things around. Under Biden, reckless spending and overregulation dragged the economy down. If the U.S. doesn’t shift gears soon, it will fall into long-term decline.

Bessent also made that point and took a shot at past trade policy, calling it a "false choice” between farming and factories. Trump, he says, is proving we can do both—and win.

So, while most media outlets spin headlines from the Democrat talking points, Trump’s team is building a serious plan to bring prosperity back to Main Street, not just Wall Street.

For more context, watch this whole segment featuring US Treasury Secretary, Scott Bessent:

"Growth Like We Haven’t Seen Since Post-WWII” Treasury Secretary Bessent On Advancing The MAGA Economic Agenda