Treasury Secretary Scott Bessent defended President Donald Trump‘s economic agenda on Sunday in an op-ed, arguing that the administration’s approach will benefit Main Street while maintaining Wall Street’s strength.
What Happened: “President Trump intends to usher in the most prosperous decade in American history—but not at the cost of the spiritual degradation of the working class,” Bessent wrote in an opinion piece published with the Wall Street Journal, outlining a three-step strategy to rebalance the economy.
The plan centers on renegotiating global trade through tariffs, making the 2017 tax cuts permanent while eliminating taxes on tips, overtime and Social Security, and aggressive deregulation to accelerate domestic manufacturing.
Bessent argued these policies work together as “interlocking parts of …