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![MarioNawfal Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1319287761048723458.png) Mario Nawfal [@MarioNawfal](/creator/twitter/MarioNawfal) on x 2.3M followers
Created: 2025-07-10 17:20:00 UTC

🇺🇸 U.S. TREASURY ON $1.6T CUT: "WE’RE JUST GETTING STARTED"

Michael Faulkender, U.S. Deputy Treasury Sec.:

"A lot of what we’ve been communicating to the American people, not just since the campaign but also this year, is that we need to fully implement the President’s economic agenda.

That includes reworking trade deals and extending the 2017 Tax Cuts and Jobs Act.

We’re also pushing additional measures: no tax on tips, no tax on Social Security, and immediate expensing for factories.

Alongside that is our deregulatory agenda, where we’re continuing to make progress."

Source: Bloomberg

![](https://pbs.twimg.com/amplify_video_thumb/1943338250766110720/img/nv4bpxP4TMyTpVbW.jpg)

XXXXXX engagements

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**Related Topics**
[government spending](/topic/government-spending)
[tax bracket](/topic/tax-bracket)
[$16t](/topic/$16t)

[Post Link](https://x.com/MarioNawfal/status/1943359563350073819)