Counselor to @SecScottBessent @Lavorgnanomics: “One of the things we’ve recently observed is that data already shows there is a CapEx Comeback. What we’ve seen in the official data is a 24% jump in the first quarter and the Fed suggests we’re going to see an 11% increase in Q2 which would put us on track for a first half increase in CapEx of 17%. To put that in context, it would be the biggest two-quarter increase excluding the pandemic going all the way back to 1997. This CapEx Comeback, which will fuel productivity and further gains in blue collar wages, is the direct result of the One Big Beautiful Bill, which reintroduced 100% expensing for CapEx. Now that the law is permanent, we’re going to get more CapEx going forward that will broaden and lengthen a boom that will ultimately benefit U.S. families and workers.”
