Treasury Secretary Scott Bessent Tells Bannon How U.S. Will Become ‘Best Destination for Capital’

by Mariane Angela

Treasury Secretary Scott Bessent explained Wednesday how tax certainty, cheap energy, and deregulation will transform the U.S. into a top destination for capital.

During an appearance on “Bannon’s War Room,” Bessent predicted a boom that could rival the rapid post-World War II growth. Bessent explained the potential of permanent tax reforms, cheap energy, and deregulation, all of which will position the U.S. as the world’s most attractive destination for capital.

“So we’re going to have this boom in the country that it could be growth like we haven’t seen since post-World War II, since the 1890s, at least back to the 1990s. And we are making the U.S. the best destination for capital. You’re going to have tax certainty because we are never going to have to listen to this twaddle again that these are the biggest tax cuts in history because it’s going to become the baseline,” Bessent told host Steve Bannon.

In addition to tax certainty, Bessent pointed out the importance of cheap energy as a crucial factor in fostering business growth. Bessent said by ensuring the U.S. has reliable and affordable energy, the country can secure its long-term electricity and fossil fuel needs.

“They are permanent. And the power of this permanence and giving people certainty, I think, is going to drive a lot of growth. So we’re going to have tax certainty, cheap energy, and we are going to deregulate,” Bessent said.

Bessent also broke down the importance of deregulation. He said that by easing regulatory burdens, the U.S. would provide the necessary environment for both the public and private sectors to thrive.

“And make it possible for long-term projects, for private sector and the public sector, to do what we should be doing in terms of our long-term electricity needs, our fossil fuel needs, for businesses to be able to have great certainty and make long-term investments,” Bessent said.

In the first quarter of 2025, the U.S. attracted $52.8 billion in Foreign Direct Investment (FDI), marking a 21% decrease compared to the same period in 2024. This decline may be attributed to concerns over potential tariffs and policy uncertainties. However, the U.S. remains the largest recipient of FDI globally, accounting for 25% of the total in 2023.

In April 2025, U.S. natural gas production reached a record 120.31 billion cubic feet per day (bcfd), surpassing the previous record set in March. The U.S. exported 15.1 bcfd of liquefied natural gas in April 2025, a 48% increase from the same month in 2024.

President Donald Trump issued Executive Order 14154 to secure U.S. energy independence and global leadership by granting 10-year oil and gas leases. On his first day in office, former President Joe Biden revoked the permit for the Keystone XL Pipeline, halting its development after Trump instructed TransCanada to resubmit its application for the cross-border permit.

Watch the exchange:

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Mariane Angela is a reporter at Daily Caller News Foundation.

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