Hassett: The New Trump Tax Proposals Are Incredibly Popular with GOP Members

RUSH TRANSCRIPT KUDLOW All ░░░░░░░░ that is the roof ░░░░░░░░ us now first up ░░░░░░░░ hassett director of the ░░░░░░░░ economic council you took ░░░░░░░░ to that Greenspan book ░░░░░░░░ don t know if ░░░░░░░░ heard my opening riff ░░░░░░░░ not you are up ░░░░░░░░ the hill talking about ░░░░░░░░ benefits of the new ░░░░░░░░ plan the tax cuts ░░░░░░░░ oh and 2 oh ░░░░░░░░ you tell us what ░░░░░░░░ told the hill HASSETT ░░░░░░░░ I want to thank ░░░░░░░░ for bringing me on ░░░░░░░░ all your thought leadership ░░░░░░░░ how to think about ░░░░░░░░ side tax cuts and ░░░░░░░░ of the things we ░░░░░░░░ yesterday is had the ░░░░░░░░ 6 meeting where the ░░░░░░░░ of the house the ░░░░░░░░ leader senators crapo we ░░░░░░░░ got together and talked ░░░░░░░░ how to get the ░░░░░░░░ and house and Jason ░░░░░░░░ and get together on ░░░░░░░░ bill and I don ░░░░░░░░ think I have ever ░░░░░░░░ people from the house ░░░░░░░░ the Senate work more ░░░░░░░░ and better together where ░░░░░░░░ senators are negotiating with ░░░░░░░░ guys are difficult to ░░░░░░░░ with and saying maybe ░░░░░░░░ got to do it ░░░░░░░░ way and the house ░░░░░░░░ saying we have to ░░░░░░░░ it that way so ░░░░░░░░ left with high confidence ░░░░░░░░ the the tax bill ░░░░░░░░ going to pass this ░░░░░░░░ and there s going ░░░░░░░░ be big spending cuts ░░░░░░░░ are great for bond ░░░░░░░░ and big supply side ░░░░░░░░ changes and the headline ░░░░░░░░ yesterday s meeting and ░░░░░░░░ where we met with ░░░░░░░░ of the house ways ░░░░░░░░ means committee which will ░░░░░░░░ the tax bill process ░░░░░░░░ really soon is the ░░░░░░░░ proposals are incredibly popular ░░░░░░░░ members and when you ░░░░░░░░ of the economics of ░░░░░░░░ they are going to ░░░░░░░░ great for the economy ░░░░░░░░ will talk about the ░░░░░░░░ of reducing the tax ░░░░░░░░ charge people if they ░░░░░░░░ got social security and ░░░░░░░░ want to add to ░░░░░░░░ income a little bit ░░░░░░░░ get a job that ░░░░░░░░ create a big increase ░░░░░░░░ labor supply it is ░░░░░░░░ supply side tax reduction ░░░░░░░░ people who need that ░░░░░░░░ it is not for ░░░░░░░░ rich and a reduction ░░░░░░░░ taxes elimination of taxes ░░░░░░░░ overtime which is a ░░░░░░░░ important thing for hourly ░░░░░░░░ people who respond to ░░░░░░░░ side changes a lot ░░░░░░░░ if you cut the ░░░░░░░░ on hourly workers they ░░░░░░░░ the ones who can ░░░░░░░░ their hours around salaried ░░░░░░░░ tend to not change ░░░░░░░░ labor supply in response ░░░░░░░░ policy so on and ░░░░░░░░ on and so on ░░░░░░░░ right now there s ░░░░░░░░ incredible enthusiasm about the ░░░░░░░░ bill and I don ░░░░░░░░ think it is anything ░░░░░░░░ what I signed 2017 ░░░░░░░░ we were able to ░░░░░░░░ it along the finish ░░░░░░░░ this is a really ░░░░░░░░ euphoric Congress that understands ░░░░░░░░ we ve got an ░░░░░░░░ opportunity to have a ░░░░░░░░ contribution to the American ░░░░░░░░