U.S. Department of the Treasury

One year ago, @POTUS signed the Working Families @TaxCuts into law and it took only a single tax season for American families and workers to overwhelmingly benefit from lower taxes, bigger refunds, and increased take home pay. As promised, President Trump and the unity of a Republican majority in Washington delivered this landmark legislation that codifies the America First agenda and lays the foundation for a new era of American prosperity.

Today, Treasury and @IRSnews are taking a major step to strengthen the future of America’s children by accepting large philanthropic contributions of readily tradable public company stock for @TrumpAccounts. This is exactly the kind of pro-family, pro-growth, pro-American policy that helps ensure the next generation can begin life with real financial opportunity, not empty promises. By creating a practical pathway for major private giving to support children’s long-term financial security, the Trump Administration is expanding access to saving and investing in a way that rewards responsibility, generosity, and opportunity.

As we approach America’s 250th anniversary, our national prosperity remains rooted in the enduring principles of faith, family, liberty, and opportunity. Under @POTUS' leadership, we are strengthening the economic future for workers and families across America. At this year’s annual Road to Majority Conference hosted by the @FaithandFreedom Coalition, @RalphReed and I discussed President Trump’s growth-focused economic agenda, including the historic Working Families Tax Cuts, @TrumpAccounts, and much more.

Given @SenWarren’s prior celebration of the Supreme Court’s misguided decision compelling tariff refunds, one might have expected her to consider the obvious consequences. Many companies — both foreign and domestic — would simply pocket those refunds, and Japanese companies are now claiming $3 billion worth of refunds from the @USTreasury. Her latest theatrics ignore the facts. As the companies profiled here make clear, tariffs were not borne by American consumers in the way Senator Warren claimed. Fortunately for the American people, Senator Warren’s shortsighted histrionics will never dictate Trump Administration policy. Fair, reciprocal trade that puts America First will be restored, and President Trump’s tariff rates will return to where they belong.

.@SecScottBessent joined Treasury staff for a conversation on AI and the economy last week. AI is one of the defining economic opportunities of our lifetime. Under President Trump, we are advancing policies that encourage innovation and drive investment to ensure America remains the global leader in AI.

Today, Treasury opened the next nomination period for states, territories, and the District of Columbia to nominate eligible communities to be designated as Qualified Opportunity Zones (QOZs) as part of the Working Families Tax Cuts. @SecScottBessent highlights: “With the nomination period now open, governors have the opportunity to help direct private investment to communities that stand to benefit most. Treasury looks forward to working with states to expand economic opportunity, support job creation, and unlock long-term growth in communities across the country.”

Today's action highlights the extent to which Mexico's cartels are expanding beyond traditional drug trafficking to generate revenue for their criminal organizations, which continue to traffic deadly drugs that kill Americans. Treasury's actions targeting these illicit revenue streams advance the Trump Administration's priority of dismantling these terrorist organizations and making America safe again.

.@SecScottBessent: Trump Accounts are a game changer. 38% of American households do not own equities. This administration’s goal is to push this out to teach financial literacy and to bring everyone into the American dream.

.@SecScottBessent: Trump Accounts are going to be invested in low-cost index funds. Everyone is going to participate in the American Dream. I think we are at the edge of an innovation wave here.

Today, Treasury’s Office of Foreign Assets Control imposed sanctions on targets linked to procurement and recruitment networks fueling Sudan’s devastating civil war. These networks have enabled both sides to expand the scale and intensity of the conflict, contributing to one of the world’s worst humanitarian crises, further destabilizing an already fragile region, and posing threats to the security and interests of the United States.

Thank you to the American Academy of Achievement for the great privilege of receiving the Golden Plate Award at the International Achievement Summit. I am honored to join such distinguished company and grateful for the Academy’s work to extend the reach of the American Dream.

America’s competitive advantage has never been confined to the bounty of our natural resources or the depth of our capital markets. It has always resided in the character and capacity of our people. This great insight has been the source of America’s strength since its founding. And under @POTUS, we are creating an economy in which all Americans can participate and prosper.