Part 3/7:
Hagerty highlighted the relevance of historical data in shaping current fiscal policies, referencing projections from the Congressional Budget Office tied to Trump’s 2017 Tax Cuts and Jobs Act. This legislation, according to the senator, initially resulted in revenue decreases, but he argued that the resultant tariff revenues and budget savings could emerge as critical components in creating a more sustainable budget. He mentioned ongoing efforts by congressional teams to implement significant cuts reflecting a forward-looking approach that aligns with the party's goals.