Posting on Truth Social about his Big, Beautiful Bill and its intended purpose now that both the Senate and House have passed similar versions of it, President Donald Trump noted the what has so far been missed in discussions of the bill is the fact that it is meant to greatly increase American economic growth, which will lead to increased tax revenues even though taxes are cut.
As background, many conservatives subscribe to the belief in the so-called “Laffer Curve,” which is the idea that only so much will ever be taxed, even if rates are raised, because people will find ways around paying tax or just stop being economically productive if rates are too high. Thus, with taxes already around the maximum point, the only way to increase government revenue is to increase economic activity, so that there is more to tax.
President Trump, it would appear, largely agrees with that idea and thinks that the various tax cuts, regulatory reforms, and the like in the BBB will help tremendously increase growth in America and thus lead to a better fiscal picture for the government, even despite the tax cuts.
Posting as much on Truth Social in the wake of the Senate passing the bill, the president said, “Nobody wants to talk about GROWTH, which will be the primary reason that the Big, Beautiful Bill will be one of the most successful pieces of legislation ever passed. THIS GROWTH has already begun at levels never seen before.”
Continuing, the president noted that the deregulation, tax cuts, and tariffs are already proving salutary for America, writing, “Trillions of Dollars are now being invested into the USA, more than ever before. Likewise, hundreds of Billions of Dollars in Tariffs are filling up the coffers of Treasury. The Tariff money has already arrived and is setting new records!”
Building on that, he noted that Biden left America a mess, and that this bill and related moves in the right direction will help dig the country out of it. He said, “We are growing our way out of the Sleepy Joe Biden MESS that he and the Democrats left us, and it is happening much faster than anyone thought possible. Our Country will make a fortune this year, more than any of our competitors, but only if the Big, Beautiful Bill is PASSED!”
Concluding the post by vowing yet more economic expansion, he wrote, “As they say, Trump’s been right about everything, and this is the easiest of them all to predict. Republicans, don’t let the Radical Left Democrats push you around. We’ve got all the cards, and we are going to use them. Last year America was a ‘DEAD’ Nation, with no hope for the future, and now it’s the ‘HOTTEST NATION IN THE WORLD!’ MAKE AMERICA GREAT AGAIN!”
"*" indicates required fields
Similarly, in another post on the same subject, Trump said that the BBB will lead to an “economic renaissance,” writing, “THE ONE BIG BEAUTIFUL DEAL IS ALL ABOUT GROWTH. IF PASSED, AMERICA WILL HAVE AN ECONOMIC RENAISSANCE LIKE NEVER BEFORE. IT IS ALREADY HAPPENING, JUST IN ANTICIPATION OF THE BEAUTIFUL BILL. DEFICIT CUT IN HALF, RECORD INVESTMENT — CASH, FACTORIES, JOBS POURING INTO THE USA. MAGA!!!”
Watch Trump make his no tax on Social Security pledge here: