Kevin Hassett Torches CBO, Says Trump’s Bill Will Spark Massive Growth [WATCH]

Kevin Hassett, senior economic advisor to President Donald Trump and director of the National Economic Council, said Sunday there is “zero chance” of a recession under the current economic framework and credited the recently passed “Big Beautiful Bill” with ensuring continued national growth.

His comments came during an interview with CBS’s Face The Nation.

Hassett dismissed forecasts from groups like the Yale Budget Lab and criticisms raised during the Sunday political shows that warned of potential economic contraction following the passage of President Trump’s tax and economic reform package.

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According to Hassett, these concerns are not supported by reliable economic modeling and ignore the broader historical context of similar tax policies.

“Well, first of all, let’s remember that science is not democracy. Truth is not democracy,” Hassett said.

“Our estimates are based on modeling that we used last time when I was chairman of the Council of Economic Advisers to say what would happen if we had a bill, how much growth we would get. And we said, and we were criticized soundly, that we would get 3 percent growth.”

Hassett explained that the same economic models used during the 2017–2018 tax reform process have been applied to the current legislation.

“We run the same models through this tax bill. It’s even better. And what we’re seeing is that if you get 3 percent growth again, then that’s $4 trillion more in revenue than the CBO and these other bodies are giving us credit for. They have been wrong in the past, and they’re being wrong again in our belief.”

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The allegedly nonpartisan (it’s not) Congressional Budget Office (CBO) has previously assessed tax cuts as deficit-expanding measures, prompting debate among economists and lawmakers.

Hassett, however, argued that the CBO’s conclusions ignore dynamic modeling and the likely increase in economic activity generated by the bill.

“But the thing that disappoints me is that if I put out a model and I say, ‘hey, here’s what’s going to happen, we’re going to get 3 percent growth.’ And then it turns out it’s 1.5 percent growth. Then as an academic economist, as a scientist, then it’s my duty to say, what did I get wrong?” Hassett said.

“What did my model miss? These people aren’t doing that. And that’s the thing that I find disappointing, because we put peer-reviewed academic stuff on the table, said ‘we’re going to get it right this time.’”

Hassett further argued that failure to pass the legislation would have resulted in one of the largest tax increases on the working class in U.S. history, which, he said, would have pushed the country into a recession.

“And so I don’t think that the CBO has a very strong record. I don’t think these places have a very strong record. And what they need to do is get back to the basics of looking at macroeconomic models,” he said.

The “Big Beautiful Bill,” signed into law by President Trump last week, includes provisions aimed at reducing corporate taxes, incentivizing domestic investment, and expanding tax relief for middle- and lower-income families.

The White House has described it as one of the most sweeping pro-growth packages in decades.

Hassett’s defense of the bill comes amid debate over its long-term fiscal implications.

Critics argue the tax cuts could exacerbate the federal deficit, while proponents point to projected GDP growth and private-sector job creation as key indicators of success.

The National Economic Council, under Hassett’s direction, continues to advise the president on macroeconomic trends and policy forecasting as the administration prepares for the next fiscal year.

According to Hassett, early indicators suggest that the legislation will deliver the same, if not greater, growth outcomes than the Trump administration’s earlier tax reforms.

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