Washington, Dec 3 (NationPress) US President Donald Trump emphasized what he termed the most significant economic revival in United States history, highlighting commitments exceeding $18 trillion in new investments, substantial tax reforms, and assertions of falling inflation — developments that hold considerable significance for Indian American professionals, entrepreneurs, and tech workers.

During an extensive Cabinet meeting, Trump compared the current administration's achievements with those of the previous one, labeling this year as unprecedented. "In just 10 months, we have secured commitments surpassing $18 trillion," he asserted, calling it a "record times probably eight or 10 times." He noted, "No other nation has ever experienced such an investment in history."

Treasury Secretary Scott Bessent remarked that the influx of portfolio investments and corporate capital was fueling a "CapEx boom," with capital expenditures seeing an increase of "15 percent historically."

Bessent stated that the administration's primary tax package — which Trump referred to as the "One Big, Beautiful Bill" — enabled companies to enjoy "100 percent expensing" while eliminating taxes on tips, overtime, and Social Security. "The most effective solution to the affordability crisis is to put more money in the hands of Americans," Bessent stated.

Looking ahead, Bessent forecasted "substantial tax refunds" in 2026, indicating that the economic landscape for the upcoming year would be "fantastic." He framed the economic revival using what he called the "three Is — immigration, interest rates, and inflation," noting that interest rates were declining and inflation, driven by energy prices, would likely "diminish next year."

Vice President JD Vance asserted that American families have recovered from eight years of financial decline. "Under the Biden administration, the average American family lost over $3,000 in household income, whereas in the initial 10 months of the Trump administration, they have gained over $1,000," he noted.

Vance contended that "every affordability crisis" was "directly linked to issues created by Joe Biden," asserting that the upcoming year could be "the best year we've seen in the United States of America."

Indian American entrepreneurs, engineers, IT experts, small manufacturers, and healthcare professionals — groups significantly represented in high-skilled industries — will be closely observing the anticipated tax reforms, regulatory rollbacks, and vast capital movements.

Commerce Secretary Howard Lutnick detailed changes likely to impact sectors with considerable Indian American involvement, such as automobiles, technology, semiconductors, and pharmaceuticals. Lutnick stated that the US had initiated a "global trade transformation," with $300 billion in semiconductor commitments expected to reach $750 billion in the next two months, alongside $250 billion being allocated to pharmaceuticals within the US.

He mentioned that Japan and Korea had pledged $750 billion in cash to facilitate construction in America, and that deals involving US steel and Intel had further enhanced domestic competitiveness. Trump's remarks indicated that the Intel negotiations had already produced $40 billion, questioning, "Does anyone report on this? No one reports on it."

Small Business Administration head Kelly Loeffler stated that "small business optimism has reached unprecedented levels," while Labor Secretary Lori Chavez-DeRemer highlighted the requirement for "700,000 new skilled jobs," citing rising demand for electricians, machinists, and technicians knowledgeable in AI.