Kevin Hassett on BoA Reporting That Spike in Gas Prices Has Cut Tax Returns by Nearly Half: ‘That Analysis Is Incorrect’

RUSH EXCERPT:
HASSETT: "No that analysis is incorrect like fig about it. This way, a hundred and fifty three billion three million people have filed taxes already and the average tax refund is 30 six hundred dollars. Fifty three million people have benefited from no tax on tips, no tax on overtime, no tax, also security for the no tax on tips as social purity that exempts between seven and eight thousand dollars from taxation for those people and for the no tax on overtime. It’s like closer to five thousand it. So these are really really big numbers and of people. Look at their gas bills, of course, they’re higher and we’re we’re doing everything we can to make the temporary increase as small as possible. But yeah and then finally there’s the economic growth component. Real incomes are growing and real incomes when they adjust for inflation, include the price of energy, really comes shrunk for the almost eight years under Obama. They shrunk under by them and they’re rising. Now, despite the short-term increasing gas prices of"