U.S. Department of the Treasury

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.

Secretary Bessent Participates in a Working Family Tax Cuts Roundtable https://twitter.com/i/broadcasts/1qGvvvwvaokGB

Trump Accounts Tour California https://twitter.com/i/broadcasts/1rGmqqXYWwqGy

Trump Accounts Tour California https://twitter.com/i/broadcasts/1RJjppDpwNdKw

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.

Live: Secretary Bessent delivers remarks at the Reagan National Economic Forum. https://www.youtube.com/watch?v=tbHD6kDpTd4

The United States Government will not tolerate any effort to impose a tolling system in the Strait of Hormuz. Oman, in particular, should know that the U.S. Treasury will aggressively target any actors involved - directly or indirectly - in facilitating tolls for the Strait and any willing partners will be penalized. All nations should reject outright any efforts by Iran to disrupt the free flow of commerce. Tehran’s days of terrorizing the region and the world are over.

The @USTreasury continues our Economic Fury campaign against the Iranian regime. Their troops are not getting paid, the police are not reporting for work, and Kharg Island is shut down. The Iranian economy and currency are in free fall. Iran’s Persian Gulf Strait Authority (PGSA) is a joke, and today Treasury has sanctioned it. We have warned any corporate or state entities against paying tolls or hiding them as aid payments. Forming a Wall of Steel, the U.S. Naval Blockade has ensured a record low amount of Iranian crude on the water. We will also be shutting down both Iranian airlines’ access to landing spots, refueling, and ticket sales. Only a satisfactory outcome in negotiations will end the downward spiral.

For too long, financial markets felt out of reach for too many. We are proud to launch the @TrumpAccounts app, a historic tool that brings the President’s vision directly to the kitchen table. This app ensures that every American family has a direct and easy way to be involved in this historic program. Download the app today, on any app store, to make sure your child is ready for the official July 4th launch. Thank you to @ndstudio, @BNYglobal, and @RobinhoodApp for the incredible work on this project.

The @TrumpAccounts app launches today—the main interface for the most historic policy for American families in decades. This app is designed to be accessible for every household, ensuring that even our youngest shareholders can monitor their path to prosperity. While the accounts themselves will officially launch on July 4th, today we put the power of information in your hands. This app is available on all app stores now, and Treasury will continue to release information ahead of our nation’s 250th anniversary.

I was honored to meet with @realartlaffer and Lisa Nelson, CEO of @ALEC_states, for a productive discussion on pro-growth economic policy, tax reform, and how we can continue creating the conditions for American families and businesses to prosper. At Treasury, we focus on policies that drive lasting economic growth, strengthen U.S. competitiveness, and ensure both Main Street and Wall Street can thrive. Continued coordination between federal, state, and local partners is key to fostering an environment where businesses can invest, hire, and grow — creating opportunity for workers and communities nationwide.

On Memorial Day, we pause as one nation to remember the brave men and women who gave their lives in defense of our country and the freedoms we cherish. Their sacrifice represents the very highest form of service to America. We honor those who never returned home, and we keep all Gold Star Families in our prayers. The gratitude of the American people endures, and their memory will forever remain in the heart of this nation. God bless the United States of America.

.@TrumpAccounts are designed to strengthen financial foundations early in life. Each eligible child will receive an initial $1,000 contribution from the U.S. Treasury to support long-term growth. https://trumpaccounts.gov/