Revenue from President Trump's tariffs add up to another $200 billion, which the Office of Management Budget projects will erase $4 trillion in debt over time. In addition, Deregulation, taking the handcuffs off of the huge American jobs engine, and tax reforms are expected to spur economic growth, which the Office of Management Budget projects will account for an additional $5.6 trillion in savings. OMB's projections include nearly $2 trillion in savings from lower debt servicing payments. So not only is the debt the problem, but the interest you have to pay on that debt just racks up more debt. (13:20–13:42)
CLAIM
Asserts that deregulation and tax reforms will spur growth and save $5.6 trillion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
