Key Takeaways:
- Economic Momentum Building: Treasury Secretary Scott Bessent predicts 2026 will be a “blockbuster year,” pointing to billions in new U.S. investments and thousands of manufacturing jobs created under President Trump.
- Tax Relief and Bigger Refunds: Bessent credited Trump’s “Big Beautiful” tax bill for boosting take-home pay through new deductions for tipped workers, overtime, and Social Security income.
- $2,000 Rebate in Discussion: Bessent confirmed the administration is considering Trump’s proposed $2,000 rebate for families earning under $100,000, potentially funded by tariff revenue.
Treasury Secretary Scott Bessent is painting a confident picture for the year ahead, calling 2026 a “blockbuster” for the American economy as President Trump’s policies continue to deliver results for workers and businesses alike.
“I say that you are going to feel it,” Bessent told Fox News, highlighting the wave of new investment flooding into U.S. manufacturing and infrastructure. He pointed to a new Boeing plant in Charleston, South Carolina, set to bring 1,000 jobs, and a nearby rare earth facility that’s already employing hundreds of construction workers and preparing to hire thousands more.
“Thanks to President Trump, a new factory has moved in,” Bessent said. “As we bring these trillions of dollars of investment into the U.S., they’re all starting to break ground now.”
He credited Trump’s “Big Beautiful” tax bill for fueling the surge, saying it encourages companies to build in America while offering tax relief for tipped workers, overtime pay, and Social Security income. Those measures, Bessent added, will create “big refunds” and more take-home pay for working families.
Bessent also confirmed that the administration is considering a $2,000 rebate for households making under $100,000 a year, tying the idea to revenue generated from Trump’s tariffs. Trump recently called tariff critics “fools” and said the dividend would reward hardworking Americans while keeping the economy strong.
With record job growth, new factories, and tax relief on the horizon, Bessent summed up the Trump economic vision simply: “I think 2026 is going to be a blockbuster year.”