Kevin Hassett Touts 3.5% Growth: ‘Anything North of 3 Is Something that People Said Was Impossible’
‘The typical family of four with an income of $75,000 got a $2,000 tax break because of the tax cuts’
EXCERPT:
HASSETT: "I wish. I wish. But anything north of 3 is something that people said was impossible. I know that when we say GDP, for the listeners it sounds like, 'What the heck is GDP?' But let's put it this way. The typical family of four with an income of $75,000 got a $2,000 tax break because of the tax cuts, and we just saw in the third quarter data that they’re going out and they're buying things for the kids, going back to school the kids had better supplies because there is a big surge in consumption. And so far this year, since the tax cuts were passed, GDP per capita has gone up by more than $1,000. So I think it's clear that President Trump's policies are making ordinary Americans better off."
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