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.

This article was written by Adam Button at www.forexlive.com.