White House National Economic Council Director Kevin Hassett dismissed a Congressional Budget Office estimate that the “one big beautiful bill” headed for a signature by President Donald Trump will add at least $3.3 trillion to the national debt in the next 10 years.
“It’s just not a concern at all, because the CBO numbers just don’t make any sense at all,” Hassett said Friday on Newsmax’s “National Report.” “The CBO estimates that we’re going to grow just a little bit more than 1% over the next 10 years, and so we’re not going to have any revenue. And that’s where their deficit estimate comes from.”
But, Hassett said, “if instead we grow at 3% per year, which is about what we got after the tax cuts last time, then that’s going to add $4 trillion in revenue over the next 10 years.”
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