Today, Senator Bill Hagerty, representing Tennessee and serving on the Senate Appropriations, Banking, and Foreign Relations Committees, participated in “Mornings With Maria” on Fox Business. Hagerty discussed President Donald Trump’s achievements in his first 100 days, the ongoing budget reconciliation process, and trade negotiations with Japan.
Hagerty praised President Trump’s first 100 days, stating, “I think in reality, Maria, they’re protesting because this has been the most effective, most impactful, in a positive sense, 100 days, certainly in my lifetime. [Senator] Chuck Schumer seems to forget that in November of last year, 75 percent of the American public felt this nation was on the wrong track.” He attributed Trump’s success to fixing the border, improving crime rates, and addressing issues with international partners.
On the budget reconciliation process, Hagerty explained, “I met with a group of House leaders last night. They’re working apace to get their piece of the reconciliation package done by Memorial Day.” He emphasized the importance of corporate tax rate reductions and deregulatory efforts, stating these changes could positively affect the economy.
Regarding trade negotiations with Japan, Hagerty shared his experience from his time as ambassador, saying, “The Japanese are very tough negotiators, but it’s not just tariffs. It’s non-tariff barriers that exist in Japan.” He expressed optimism about reaching an agreement, suggesting opportunities for cooperation, particularly as companies move supply chains out of China.
Hagerty addressed the complex non-tariff barriers in Japan, noting, “The localization requirements have been extraordinarily difficult. And Maria, these difficulties have gone on for decades.” He highlighted past challenges and pointed to the potential for progress in agricultural trade following previous agreements.
He also spoke about the timing of the budget reconciliation package, indicating the need for quick action. “As soon as we get back from Memorial Day break, we need to be working at pace. We need to be working in parallel with the House to get this implemented as quickly as possible,” Hagerty emphasized.
Finally, Hagerty underscored the unity among Senate Republicans on budget reconciliation efforts, aiming for fiscal responsibility and encouraging corporate investment. He added, “Again, moving in the right direction there from a fiscal responsibility standpoint. At the same time, making permanence an overarching goal for corporate tax rates.”
Senator Hagerty’s discussions point to significant policy movements and potential economic impacts, focusing on promoting stability and growth.
