Bessent: Tariffs, tax cuts and deregulation are keys to drive long-term investment

- Tax legislation will prevent main street tax hike by making small business deduction permanent
- Legislation will restore 100% expensing for equipment, expand full expensing to factory construction, provide tax credits and deductions for R&D
- US markets are 'antifragile' over a long-term horizon, it's never a bad time to invest in America
There is some real arrogance in thinking they can re--write the rules of international trade and economics while running deficits at 7% of GDP with no path towards a balanced budget.