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Top Trump economic advisor smugly rips tax plan critics — then refuses to stake his reputation on outcome

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Appearing with CNN host Fareed Zakaria, the chair of the White House Council of Economic Advisers condescendingly ripped critics of the GOP’s tax plan  — but refused to stake his personal reputation on its success.

Kevin Hassett, who is one of President Donald Trump’s top economic advisers, fired back at former Treasury Secretary Lawrence Summers who has criticized the plan and called the defense of it: “dishonest.”

According to to Hassett, Summers and other critics are “extremely incorrect.”

“Accusing us of being dishonest is not becoming of a former treasury secretary,” Hassett said while smirking. “But let’s get past the attacks and go to the substance. What Larry Summers did, he’s on his fifth attack now and each one has been exposed as a horrendous blunder.”

“This idea that you can compare the change in revenue to the change in wages has been exposed as a really critical blunder, an economics 101 blunder,  by John Cochrane at Hoover, by Larry Kotlikoff. People at these universities have exposed the fallacy of Summers’ very simple mistake and already a week later you’re still talking about it here,” the Trump aide lectured. “It’s been exposed as a mistake and you’re still asking about it. I don’t understand why.”

“Let’s talk about the effect on the deficit,” the CNN host parried. “After the Reagan tax cuts, the national debt tripled. If you look at what happened after the Bush tax cuts, massive ballooning of the deficit. Why isn’t it the case that this the same path and explode the deficit?”

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“Let’s think about the things that we agree about, Fareed, for a minute,” Hassett said ducking the question. “You agree, right, that the U.S. has the highest statutory corporate tax rate in the developed world, correct? Because they [corporations] moved the profits overseas. There was a National Bureau of Economic Research study that estimated that more than half the U.S. trade deficit comes from overseas.”

“We have this high tax rate that they don’t pay, so why doesn’t lowering the rate to encourage them to return the activity back to the U.S.? Why does that cause a hole in the deficit?” he asked. “It doesn’t, it’s illogical.”

“Would you stake your reputation on the notion that this tax cut will not increase the deficit substantially?” Zakaria persisted.

“I have to wait and see before I give a deficit estimate,” Hassett responded after having spent the entire interview unabashedly extolling the tax plan.

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Watching the video below via CNN:

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2020 Election

Panicked GOP leaders scrambling to get Jeff Sessions to run for Senate so they won’t be saddled with Roy Moore

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According to a 2020 election analysis in the Washington Post, top Republican Senate leaders are cringing at the notion that former Alabama Supreme Court Justice Roy Moore could be their nominee for the seat currently being held by Democrat Sen. Doug Jones -- and are looking for a way out.

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Federal taxpayer-funded adoption agency blocks same-sex couple from fostering migrant children, because Jesus

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A Texas adoption agency that receives federal taxpayer funds is refusing to allow a lesbian couple to become foster parents, and they're citing their religious beliefs to support their discriminatory decision.

Bryn Esplin and Fatma Marouf, who are married and are both professors at Texas A&M University, were told by the agency because they're a same-sex couple they don't "mirror the holy family," and thus would not allow them to foster some of the thousands of migrant and refugee children the federal government is detaining.

The women pressed, saying that surely some of the 700 children under the agency's care were LGBT and would benefit from being placed with a married lesbian couple, as The Daily Beast reports.

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NRA owes $1.6 million in unpaid bills to vendor who runs NRATV

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The National Rifle Association has a hefty bill that remains unpaid, despite making a huge haul in fundraising for the 2016 election.

According to Betsy Woodruff at the Daily Beast, the NRA owes $1.6 million to their vendor, Ackerman McQueen, they've used for advertising for years. The company is the one responsible for doing the media for NRATV, the group's streaming service for pro-gun television.

The two have had a long relationship and err on the side of quiet privacy, which Woodruff said on MSNBC, shows just how acrimonious the battle has become.

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