Tax cuts, economic reforms will fuel what Trump administrators call “CAPEX comebacks.”
US Treasury Secretary Scott Bescent discusses the morning trade deal with Maria, the tariff deadlines and the booming president of the Carp boom spending.
president Donald Trump’s Signature tax cuts and spending packages drive what the administration calls a “CAPEX comeback” as businesses invest in areas that leverage provisions in new laws to drive productivity growth into the future.
Trump, Treasury Secretary Scott Becent, Republican lawmakers included provisions in one big beautiful bill law (OBBBA) that allows businesses to fully spend Capital Expenditure (CAPEX) It will go retroactively until Trump’s term begins in January.
“One big beautiful bill with a provision to return on inauguration day encouraged businesses to actually launch the Capex Boom that we wanted,” Bessent counselor Joe Lavorgna told Fox Business in an interview.
President Trump and his administration are promoting the “CAPEX comeback,” spurred by the OBBBA. (Al Drago/Bloomberg via Getty Images)
On Tuesday, the Treasury Department touted the impact of the law on CAPEX by businesses, noting that a 23% increase in the first quarter saw business equipment production rise 11% in the second quarter, while a 16.6% increase in the first half.
Lavorgna added that before the bill was signed into law there was “annual profit of nearly 17% in business equipment production,” and that the surge in business equipment investment in the first half of the year was “the most powerful non-pandemic gain since the fourth quarter of 1997.”
He added that efforts to increase productivity are “investment in the future” and are like certainty around it. Tax Policy “We encourage people to invest in America, and tariffs are part of that.
“It’s not like government handouts, it’s not just a stimulus package that gives people money to make money, it’s like creating jobs that generate income, generate spending, and create more jobs.
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The Trump administration believes it is working in partnership with the president’s tariffs in a tax policy aimed at spurring investment. (Brian Cassella/Chicago Tribune/Tribune News Service Gite Getty Images/Getty Images)
Trump administration I believe the bill’s policies are working in cooperation with trade and tariff policies. This hopes to move more companies from overseas to the US, while promoting wage growth and productivity growth.
“One big beautiful bill encourages capital investment that continues to drive the blue-collar boom we already see,” Lavorgna said. “At the same time, tariffs and trade policies are designed to attract foreign capital that comes afterwards, which further increases productivity and wages.”
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President Donald Trump signed the law to one big beautiful bill law during an event at the White House on July 4, 2025. (Samuel Column/Getty Images/Getty Images)
Bessent is pointed out in his appearance on Fox Business Network’s Tuesday.Morning with Maria“Trump’s policy has spurred a comeback of the abilities he’s seen firsthand on two separate trips to Pittsburgh in recent months, which has affected relatively different industries.
The first is when the president announced a deal to see investment in US steel and its facilities, and another event last week. artificial intelligence (AI) Summit equipped with energy developed in the state.
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“You’re watching it on both sides,” Bescent said. “Steel, Eyes and Imagination