Economic growth is poised to surge in the first half of 2026, senior White House adviser Jason Miller said on Breitbart News Saturday, forecasting that the U.S. economy will “take off like a rocket ship” as key tax reforms and incentives implemented under President Trump begin to deliver measurable benefits. Miller cited guidance from Treasury Secretary Scott Bessent, administration economists, and private sector leaders in making the optimistic projection.
Miller identified the One Big Beautiful Bill — the sweeping tax and economic reform package enacted in 2025 — as a central catalyst for the upcoming boom. He explained that many provisions of the law are only now beginning to take effect and will significantly strengthen employment, wages, and purchasing power for American families in early 2026.
According to Miller, broad consensus exists among both public and private economists that Q1 and Q2 of 2026 will see marked acceleration in hiring, wage growth, and job creation. He said this expected growth is rooted in reforms including elimination of federal taxes on overtime and Social Security benefits, expanded capital-expense write-offs for businesses, new family-focused savings vehicles, and other incentives aimed at boosting workforce participation and investment.
Miller stated that many Americans will begin to “really start noticing the difference in their paychecks” only as these changes fully phase in with the 2026 tax year. He explained that reducing or eliminating taxes on previously taxed income — such as overtime and tips — increases disposable income and incentivizes workers to take on additional hours, which in turn stimulates demand and hiring.
He added that expanded CapEx expensing for businesses will encourage investment in equipment and facilities, which economists view as a key driver of productivity and long-term growth. The new Trump accounts — tax-advantaged savings vehicles for children — are intended to promote greater financial security and investment in future generations, further reinforcing economic confidence.
Miller tied the expected surge in economic activity to the administration’s broader effort to reverse the policy outcomes of the Biden years. He emphasized that timely tax relief and regulatory certainty have helped restore business and consumer confidence. He also pointed out that the One Big Beautiful Bill was finalized by July 4, 2025 — a faster rollout than previous major tax reforms, including those from President Trump’s first term.
These predictions come as current economic indicators remain mixed, with inflation and global instability still affecting markets. However, the administration believes that the full impact of Trump’s tax plan will start to take shape as Americans see more money in their pockets and more opportunities in the job market.
