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AP Photo/Ben Curtis
White House Press Secretary Karoline Leavitt and Treasury Secretary Scott Bessent gave a briefing on Tuesday about the economic achievements of the administration's first 100 days.
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Leavitt highlighted how they were bringing jobs back.
🔥 "President Trump's efforts are working!"
Press Secretary Karoline Leavitt just dropped some BANGER stats on Trump's First 100 Days:
"345,000 jobs have already been added since the start of President Trump's term. Last month's jobs report saw nearly 100,000 more jobs than… pic.twitter.com/NI04pgFqE9
"345,000 jobs have already been added since the start of President Trump's term. Last month's jobs report saw nearly 100,000 more jobs than economists predicted."
"It was the fourth highest month for private payroll growth in the past two years. 9000 manufacturing jobs have been added to the economy already!"
"This is a sharp contrast to the 6000 manufacturing jobs that were lost each month in the final two years of the Biden administration."
She also explained that the last inflation report showed the "first consumer price decline since the COVID pandemic — a decrease in energy prices and real average hourly wage growth!"
Translation: that's a big change from Joe Biden, who drove us up to nine percent during his time occupying the Oval Office.
Now, under the Trump administration, it was at 2.4 percent, "better than expected" after years of "more than expected" under Joe Biden.
Some of the biggest domesticinvestors include Apple,NVIDIA, Softbank, Oracle and OpenAI. The latter three companies invested $500 billion in the largest artificial intelligence infrastructure project in history, according to the White House.
Alone, the AI infrastructure project funded by Softbank, Oracle and OpenAI, and the $500 billion fromchipmaker NVIDIA,are expected to create nearly half of the estimated 421,000 jobs created.
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Bessent then laid out another plan that's likely to draw in even more investment and more jobs: if companies move their manufacturing back to the U.S., they will have their factory costs fully expensed.
🚨Secretary Bessent announces that President Trump will allow companies who move their manufacturing BACK HOME will have their factory costs FULLY EXPENSED!
"The other thing that we are looking to add is full expensing for factories. So bring your factory back!"
"The other thing that we are looking to add is full expensing for factories. So bring your factory back. You can fully expense the equipment and the building.
We will couple that with deregulation, cheap energy, and regulatory certainty.
That will continue to make the U.S. the greatest destination for domestic and foreign investment."
Bessent addressed the question of tariffs, explaining that they see it as a combination of revenue and deals to reduce tariffs, which will help to reduce income tax on Americans. The plan is to have some of this in the upcoming tax bill.
BREAKING: Treasury Secretary CONFIRMS Trump’s plan to swap income tax for tariffs — “There is a good chance we’ll see it in the upcoming tax bill.”
In a bombshell moment during the White House press briefing, Treasury Secretary Scott Bessent just confirmed that tariff revenue… pic.twitter.com/N0mQNVemFY
Bessent said Trump campaigned on no income tax on tips, Social Security, or overtime, plus restoring the auto loan interest deductibility (for American-made vehicles). He said tariff revenue could be used for all those immediately. He thought, “Tariffs will bring back American manufacturing and generate substantial revenues.”
Liberal media will always try to knock everything down, but there are some big achievements in there.
Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.
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