Trump's Hassett spanks the Tax Policy Center
President Trump's new chair of the Council of Economic Advisers, Kevin Hassett, walked into the lion's den last week with his first official speech. He used the moment to pound the leftist Tax Policy Center. It was a wonderful sight.
When Hassett wasn't pounding the TPC, he was spanking them. He took them to the woodshed, and disciplined them in public view.
Hassett rightfully accused the TPC for ignoring widely accepted economic literature, for using false assumptions on tax details that have never been published, and for manufacturing income-redistribution ("tax cuts for the rich") and deficit numbers that don't even exist.
"It's inaccurate," he said. "It's fiction."
In perhaps his toughest criticism of all, Hassett called the TPC's findings "scientifically indefensible." There's no greater insult among academics.
It's a pity that mainstream media outlets refer to the TPC as "nonpartisan." They're not. TPC staff is chock-full of former Obama economists.
But Hassett has shown no fear.
Kevin Hassett is the new face at the highest economic level of the Trump administration. But he's no neophyte. He has a Ph.D. in economics from the University of Pennsylvania. He has spent time on the staff of the Federal Reserve Board in Washington. He taught at Columbia Business School. He was a long-time economic-policy director at AEI.
And he's well-liked by everyone who knows him. Plus, he's smart. Very smart.
Not only did he chastise the TPC, he schooled them on a number of important tax policies that have become mainstream thinking inside the Trump White House.