Kevin Hassett
Appearances
The Ben Shapiro Show
Ep. 2143 - The True Faces Of Evil
Oh, absolutely not. Because imagine if we don't spend government money and we give it back to people, then if they spend it all, then you're even. But they're probably going to save a lot of it, in which case you're reducing inflation. And also, when the government spends a lot, that's what creates inflation. We learned that from Joe Biden.
The Ben Shapiro Show
Ep. 2143 - The True Faces Of Evil
And so if we reduce government spending, then that reduces inflation. And if you give people money, then they're going to save a bunch of it. And when they save it, then that also reduces demand and reduces inflation.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
President Trump has spoken about replacing income tax with tariff revenue, especially with all this waste, fraud, and abuse that we're seeing cut. Is that a possibility?
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
And in fact, if you think about the China tariff revenue that we're estimating is coming in from the 10%. that we just added, plus the de minimis thing, that it's between $500 billion and $1 trillion over 10 years is our estimate. And that's something that is outside of the reductions that markets are seeing through the negotiations up on the Hill.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill. And that was the president's plan all along.
The Megyn Kelly Show
Kash Patel Takes Over FBI, Hamas Hostage Outrage, and DOGE Refund Potential: AM Update for 2/21
Oh, absolutely not, because imagine if we don't spend government money and we give it back to people, then if they spend it all, then you're even. But they're probably going to save a lot of it, in which case you're reducing inflation. And also, when the government spends a lot, that's what creates inflation. We learned that from Joe Biden.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
I think our objective is to make sure that the employees that we pay are being productive and effective. And there are many, many, more than 100,000 people working to collect taxes and not all of them are fully occupied. And the Treasury Secretary is studying the matter and feels like 3,500 is a small number and probably can get bigger, especially as we improve the IT at the IRS.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
And so I think that it's absolutely something that is on the table for good reasons. And the point is that
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
don't just talk about the rs talk about all of government that there are so many places i live in dc you maybe live in dc where you never there nobody nobody's going to the buildings uh people aren't commuting because nobody's doing their job we look back and we see that there are all these people doing two jobs while they're getting a government payroll on the payroll so the point is we're fixing that and the rs is a small part of that picture so you're saying that everybody who
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
So we're addressing inflation. We didn't have to address it in the first term because it was always in the ones, almost always. But we're going to get it back there. And how are we doing it? Well, we're doing it with a plan.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
that president trump and i and others have talked about in the oval that involves like every level of fighting inflation first the macroeconomic level we're cutting spending we're cutting spending in negotiations with people on the hill we're cutting spending with the advice of our i.t consultant elon musk and then we're also looking into supply side things like restoring trump's tax cuts
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
Absolutely. And in fact, if you think about the China tariff revenue that we're estimating is coming in from the 10 percent that we just added, plus the de minimis thing, that it's between 500 billion and a trillion dollars over 10 years is our estimate. And that's something that is outside of the reductions that markets are seeing through the negotiations up on the Hill.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill. And that was the president's plan all along.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
Oh, absolutely not. Because imagine if we don't spend government money and we give it back to people, then if they spend it all, then you're even. But they're probably going to save a lot of it, in which case you're reducing inflation. And also when the government spends a lot, that's what creates inflation. We learned that from Joe Biden.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
And so if we reduce government spending, then that reduces inflation. And if you give people money, then they're going to save a bunch of it. And when they save it, then that also reduces demand and reduces inflation.