(Red State)—President Donald Trump has truly flipped the script on the Democrat/media narrative that tariffs were going to hike inflation and kill the economy
Instead, inflation is under control and running lower than expectations, the stock market has hit record highs, and we have a surplus from the money coming in from tariffs.
We went from the economic mess that Joe Biden was to economic competence. Listen as Treasury Secretary Scott Bessent explains what they have been able to achieve in just a short six months. He said so far they’ve taken in nearly $100 billion, and he thinks they may take in $300 billion by the end of the year.
We’ve brought in nearly $100B in tariff revenue so far and are on track for $300B this year. That’s almost 1% of GDP. June delivered a budget surplus with higher revenue and lower spending.
This is how we clean up the fiscal mess we inherited. pic.twitter.com/JVfaj1ZAwU
— Treasury Secretary Scott Bessent (@SecScottBessent) July 22, 2025
A reporter asked him a question about a rebate. Trump then revealed they were considering it. “We’re thinking about that,” he said, because they had so much money coming in. “But the big thing we want to do is pay down debt.”
“Because we have so much money coming in from tariffs. A little rebate for people of a certain income level might be very nice.”
- Read More: redstate.com
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