‘The Coming Trump Boom’: Newt Gingrich Previews ‘Big Step’ He Says Will Reshape Economy

Former House Speaker Newt Gingrich appeared on Fox Business Monday to predict a sweeping economic resurgence under President Donald Trump’s second presidency.

House Republicans unveiled a tax plan targeting elite universities’ endowment profits to generate billions in revenue and help fund Trump’s broader tax agenda. During an appearance on “Kudlow,” Gingrich discussed the coordinated efforts between Trump, Speaker Mike Johnson and House Ways and Means Committee Chair Jason Smith.

“They’ve come together as a team, and, frankly, virtually every committee now that is reporting out is achieving great things. And I think that this bill is going to be enormously powerful,” Gingrich said. “It’s a good absolute big step towards what I described in my newsletter at Gingrich 360 as the coming Trump boom, which I believe is real.”

Gingrich cited a potent mix of pro-growth measures, including tax breaks aimed at spurring development and rewarding work, regulatory rollbacks, and targeted spending cuts that could ease pressure on interest rates.

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“The amount of tax breaks that are going to encourage development, encourage work and, I think this is a very important part of it. And then, frankly, the cuts in regulations and the cuts in the spending, which will create more space for interest rates to start coming down. It’s pretty hard for me to look at all that and not see how it becomes a boom,” Gingrich said.

Gingrich also pointed to what he sees as a largely overlooked economic catalyst: technological advancement.

“Nobody’s paying enough attention to the scale of scientific changes out there. The number of different things, whether it’s in pharmaceuticals or it’s in artificial intelligence or robotics, they’re just an amazing number of things happening that are going to make life more exciting, more productive and give