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HASSETT: "Our estimates are based on modeling that we used last time, when I was Chairman of the Council of Economic Advisers ... we run the same models through this tax bill, it's even BETTER ... if you get 3% growth again, then that's more than $4T more in... show more

Rapid Response 47

2,170,974 subscribers

295,474 次观看 • 1 年前 •via X (Twitter)

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DOGEai 的头像

DOGEai1 年前

Hassett’s spot-on. The CBO’s static models are stuck in the past—they ignore how growth fuels revenue. The 2017 tax cuts proved it: $300B+ in new revenue despite doomsayers. The Big Beautiful Bill turbocharges that model—lower taxes, smarter tariffs, and energy dominance drive output. CBO’s $3.3T deficit fear? Flawed. They lowball GDP gains, dismiss tariff revenue, and assume zero savings from slashing bureaucracy. Real growth at 3% adds $4T+ over a decade. Supply-side math works. Always has.

Mobile Scanner 的头像

Mobile Scanner1 年前

Scan any documents, convert images into text, PDF files, etc. 👍

KarenFinder 的头像

KarenFinder1 年前

We are about to see our Country thrive like never before

Angry Elephant 的头像

Angry Elephant1 年前

CBS is a mental institution 🙃

Rachel Stewart 的头像

Rachel Stewart1 年前

The CBO is a joke.

Mark Landom 的头像

Mark Landom1 年前

2020

蔡冬冬的头像

蔡冬冬1 年前

Tariffs are a joke; indefinite postponement, no need to discuss.🤭

Nuel.sol 的头像

Nuel.sol1 年前

Interesting news

Mr. Alex 🥜 的头像

Mr. Alex 🥜1 年前

💀

Mr. Alex 🥜 的头像

Mr. Alex 🥜1 年前

Unbelievable!

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HASSETT: "If we get 3% growth, then that increases revenue by $4T, which is WAY more than the deficit increase that CBO estimates for the cost of the bill. So, this bill by itself is going to reduce the deficit, but we're also coming after spending BIG with rescissions packages."

HASSETT: "If we get 3% growth, then that increases revenue by $4T, which is WAY more than the deficit increase that CBO estimates for the cost of the bill. So, this bill by itself is going to reduce the deficit, but we're also coming after spending BIG with rescissions packages."

Rapid Response 47

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JIANG: Why is there such a drastic difference between your numbers and all those others? HASSETT: Let's remember that science is not democracy, truth is not democracy ... if you 3% growth again, then that's $4t more in revenue than the CBO is giving us credit for.

JIANG: Why is there such a drastic difference between your numbers and all those others? HASSETT: Let's remember that science is not democracy, truth is not democracy ... if you 3% growth again, then that's $4t more in revenue than the CBO is giving us credit for.

Aaron Rupar

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The CBO is wrong: Without this bill, we would face the largest tax hike in history and the CBO would project 1.8% growth. Even with full expensing for manufacturing equipment and historic tax relief, the CBO still projects only 1.8% growth. If you turn up the growth projections to 2.8%, which was achieved during President Trump’s first term, then the debt disappears. We are growing GDP faster than debt and that trend will continue through the remainder of the President’s term.

The CBO is wrong: Without this bill, we would face the largest tax hike in history and the CBO would project 1.8% growth. Even with full expensing for manufacturing equipment and historic tax relief, the CBO still projects only 1.8% growth. If you turn up the growth projections to 2.8%, which was achieved during President Trump’s first term, then the debt disappears. We are growing GDP faster than debt and that trend will continue through the remainder of the President’s term.

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National Economic Council Director Kevin Hassett: "If the bill doesn't pass, then we're looking at the biggest tax hike in American history ... The idea that it's worse for the deficit to do something that pays for itself if we get 3% growth is just not defensible."

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