Overview

• Kevin Hassett, a trusted economist from Trump's first administration, has been selected to head the National Economic Council.
• The U.S. faces significant fiscal challenges, including a $36 trillion debt, unresolved inflation, and expiring 2017 tax cuts requiring strategic action.
• Hassett's research emphasizes the economic benefits of corporate tax cuts, arguing they largely benefit workers through higher wages and economic growth.
• He has coauthored studies showing that reducing government spending, rather than increasing taxes, is more effective for successful debt reduction.
• Hassett is expected to play a key role in shaping policies to extend tax cuts, reduce debt, and promote long-term economic growth.