.@POTUS has done more than anyone in history to secure our nation’s borders. Part of that effort includes securing our financial system. This Administration will not allow illegal aliens to abuse financial institutions to steal billions of dollars from hardworking American taxpayers.
.@SecScottBessent: “Any one of our initiatives on trade, tax cuts, and deregulation would be substantial. Taken together, they are transformative. Before @POTUS took office, our trading partners exploited America’s markets, our regulatory state smothered businesses, and our tax code was poised to punish workers and job creators. Today, President Trump’s policies are driving lower taxes, bigger paychecks, and broader prosperity.”
.@SecScottBessent: “@POTUS’ pro-growth policies don’t stop at putting more money back in the pockets of working- and middle-class families—they extend to placing the American Dream within closer reach of their children. For context, nearly 40 percent of Americans have no exposure to the U.S. stock market. That means no stake in the companies they help to build. @TrumpAccounts represent a profound reimagining of that arrangement. They will ensure that every American child can benefit from private ownership and compound growth; that every American child, in short, is born a shareholder. To date, nearly 6 million Trump Accounts have been opened, with 1.4 million eligible for the $1,000 seed contribution.”
.@SecScottBessent: “This Tax Day, under @POTUS, we celebrated how much more money hardworking Americans kept, not how much the government took. Over 62 million tax returns claimed at least one of President Trump’s signature new tax cuts—No Tax on Tips, No Tax on Overtime, deductibility of American car loan interest, and an enhanced deduction for low- and middle-income seniors. All told, the average refund increased by over 11 percent, with total refunds increasing by 18 percent.”
Today, Treasury’s Office of Foreign Assets Control designated Nobitex, Iran’s largest digital asset exchange, along with three other Iranian digital asset exchanges, as part of Economic Fury and the Trump Administration’s efforts to eliminate the threat posed by the Iranian regime.
New analysis of this past tax filing season confirms @POTUS’ Working Families Tax Cuts delivered the largest share of tax relief directly to millions of low- and middle- income Americans providing for their families, working overtime, living on fixed incomes, and running small businesses.
While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country. Iran’s current economic chaos is proof that @POTUS’ maximum pressure campaign has been a success. As promised, Treasury will continue to follow the money in support of Economic Fury, whether it is through the banking system or through digital assets, to prevent the regime from developing a nuclear weapon.
🚨 SEC. SCOTT BESSENT SAYS IT PERFECTLY: "A nation that cannot manufacture, mine, ship, or refine its needs, gradually cedes its strength and sovereignty to others."
"That is a DANGEROUS dependency for any country. It is an unacceptable one for the United States of America." 🇺🇸
"The truth is that for too long, America had been asleep. We mistook comfort for strength. We substituted efficiency for resilience and consumption as a measure of prosperity."'
"We told ourselves that so long as goods were cheaper overseas, it did not matter whether factories went dark in Michigan, Ohio, or Pennsylvania."
"We assumed that supply chains would always function smoothly, and adversaries would always behave responsibly, and the invisible hand would correct vulnerabilities that too few in public life had the courage to confront. And while we reassured ourselves with those assumptions, risk accumulated all around us."
"Somewhere along the way, we lost sight of a foundational principle that previous generations understood instinctively."
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.@SecScottBessent on @TrumpAccounts: “With the children that are born during @POTUS’ administration, Treasury will seed those accounts with $1,000, but anyone with children under 18 should open a Trump Account because many of the great philanthropists are also putting money in.”
.@SecScottBessent: "Trade policy, industrial capacity, and national security are inseparable — and to allow foreign dependencies to degrade any one of these domains is to allow them to define America's future."
In honor of National Small Business Month, @USTreasury convened a roundtable discussion with local business leaders on how @POTUS' Working Families Tax Cuts are helping businesses grow, invest, and create jobs.
From full-expensing for R&D and manufacturing equipment to No Tax on Tips, No Tax on Overtime, and expanded small business deductions, the President’s signature policies are delivering real relief for workers, entrepreneurs, and Main Street businesses.
We continued the @TrumpAccounts Tour in Westlake Village, California, convening hundreds of local families, businesses, and community leaders for a conversation with @KelseyGrammer on how this Administration is shaping stronger financial futures for the next generation of Americans.
President Trump’s pro-growth agenda is resonating with a broader base than ever before, from Main Street to Wall Street to Hollywood.
For too long, our political class treated efficiency as a substitute for resilience and consumption as a measure of prosperity.
Trade policy, industrial capacity, and national security are inseparable. And to allow foreign dependencies to degrade any one of those domains is to allow them to define America’s future. Under @POTUS’ leadership, we are rebuilding domestic production to restore American sovereignty.
While America slept for decades, our vulnerabilities grew. But under President Trump’s leadership, we are alert to the risks we can no longer ignore—and attuned to the responsibilities we can no longer defer.
Under @POTUS, we have awoken to morning again in America. And as we celebrate 250 years of the American story, I firmly believe that our best days still lie ahead.