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The American people voted for President Trump’s plan to grow the economy, cut waste, and restore fiscal sanity. During recent funding negotiations, the Department of Government Efficiency (DOGE) exposed bloated spending, highlighting how many federal agencies—whose budgets doubled under the Biden administration—have ballooned costs without delivering meaningful results.
Americans want a leaner, more accountable government where every taxpayer dollar is accounted for and every agency operates with efficiency. Eliminating waste and focusing resources on priorities that drive economic growth will allow DOGE to secure America’s financial future and restore trust in government.
But effective governance is only part of the solution. To meet the challenges of persistent inflation and sluggish supply-side expansion, America needs a bold economic course correction. Pro-growth initiatives will drive cap-ex style investment in the private sector, with consumer spending naturally following. President Trump’s economic vision delivers a pathway forward.
Learning from past mistakes: Moving beyond artificial stimulus
The Federal Reserve recently cut interest rates by 25 basis points. Yet, they predicted only two cuts in 2025, a move reflecting a narrow, reactive stance. This decision underscores a larger narrative: the Fed’s reaction to Bidenomics.
Bidenomics relied on $6.7 trillion in government spending, claiming it created the “strongest economy ever.” But this spending drove up consumer demand without addressing supply, causing inflation. These temporary surges masked deeper structural issues.
To stimulate the economy, we must focus on supply-side policies that drive investment. While lower interest rates play a role, lasting economic growth stems from fostering competitiveness and productivity. President Trump’s pro-growth agenda seeks to achieve this by shifting away from reliance on government stimuli and instead prioritizing private sector investment. This approach cultivates organic growth in our economy by increasing the supply of goods so that supply matches demand, by definition bringing down inflation.
To put it simply, Biden drove demand, causing prices to rise. We must drive supply to balance the equation. This shift will allow interest rates to come down, making mortgages, car loans, and everyday goods more affordable for families. By fostering supply-side growth, we can reduce inflation, increase capital access, and build a stable economy.
The role of reciprocal tariffs, fiscal responsibility, and a strong dollar
A thriving economy demands policies that enhance competitiveness and reinforce trust in fiscal governance. Fair trade, supported by reciprocal tariffs, ensures that American businesses compete on a level playing field worldwide. By aligning tariffs with those imposed on U.S. goods by trading partners, we incentivize mutual reductions, creating a global marketplace where American industries flourish and consumers benefit.
Fiscal responsibility must complement trade policy. A government committed to disciplined spending inspires confidence at home and abroad, reinforcing the U.S. dollar’s status as the world’s reserve currency. This is crucial. A strong dollar keeps borrowing costs low, safeguards our leadership on the global stage, and ensures that nations continue to look to the United States and the capitalism we espouse as a successful model.
Pro-growth tax, energy, and regulatory policies
Tax, regulatory, and energy policies must foster growth and innovation. Reducing tax burdens incentivizes private investment, driving economic expansion without raising tax rates. Trump’s tax cuts demonstrated this, delivering low unemployment and wage growth of 6.8% from 2017 to 2020, compared to flat wages under Biden. Renewing this approach will expand prosperity across the nation.The America First Goal is to increase the number of taxpayers, not increase taxes.
Energy independence is another pillar of a strong economy. The Biden Administration engaged in a unilateral disarmament of our energy industry. By reversing restrictive regulations like the LNG Pause and Methane Rule and embracing domestic energy production, we can lower costs for families, bring down inflation, and revitalize manufacturing. A robust energy strategy also strengthens America’s geopolitical position, reducing reliance on adversarial nations and enhancing our long-term national security.
Keeping Pennsylvania competitive
In Pennsylvania, we will surely benefit from President Trump’s policies, but if we want to set ourselves apart, we must embrace similar policies at the state level as well. However, I’m concerned that with the current leadership in Harrisburg, our Commonwealth is at risk of being left behind. In 2023, Texas saw 7.3% GDP growth compared to Pennsylvania’s 2.5%. By aligning with supply-side policies, Pennsylvania can attract investment, create jobs, and enhance our competitiveness.
The path forward: Delivering for America
This is more than an economic plan—it is a blueprint for a prosperous and sustainable future. By not relying upon artificial stimulus and embracing supply-side growth, America will build a resilient economy that benefits all. Investment, innovation, and fiscal discipline must be prioritized, unleashing the private sector’s full potential while curbing government overreach.
The time to act is now. By uniting around a vision of real growth, accountability, and shared prosperity, we can deliver a brighter financial future—one that secures America’s place as the world’s leading economic powerhouse.
Dan Meuser serves as U.S. Representative for Pennsylvania’s 9th Congressional District. He is a member of the Small Business Committee and chairman of the Subcommittee on Economic Growth, Tax, and Capital Access.
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