Nashville Standard

United States Senator Bill Hagerty recently appeared on Fox Business's "Mornings with Maria" to discuss the economic and foreign policy priorities of the Republican Party. Hagerty, a member of several Senate committees and former U.S. Ambassador to Japan, emphasized the importance of extending the 2017 Tax Cuts and Jobs Act under an incoming Trump administration.

Hagerty stated, “Well, if you think about one of the most incredible legacies that President Trump has from his first Administration, it was the 2017 Tax Cuts and Jobs Act. That’s got to be job number one for the incoming Treasury Secretary is to get that incredible piece of legislation extended and through."

He also discussed concerns regarding China's role in American financial markets. Hagerty noted, “It’s incredible that we allow companies to trade on our exchanges that don’t follow and abide by the same rules... We need to make certain that we’re not in the process of allowing companies that do not have our best interests at heart...to access...one of the most incredible financial markets.”

Regarding President Biden's meeting with Xi Jinping in Peru, Hagerty criticized what he perceives as a weak stance by the current administration. He said, “The Biden Administration has put us in the backseat in a place of weakness... The Treasury Department needs to come in and impose and enforce sanctions that are already on the book."

Hagerty also addressed issues related to military funding following reports of another failed audit by the Pentagon. He remarked, “It’s an $824 billion budget... Our military is at the forefront of major crises around the world... We need to have our military operating on strong economic footing.”