Kevin Hassett
Showing 1–4 of 4 transcripts.
- Milken Institute41 min
Investing in Economic Mobility: Building a Path to Opportunity | Global Conference 2026
Michael Milken, Ted Cruz, Brad Gerstner, Kevin Hassett
The "Invest America Act" mandates the automatic creation of direct-ownership investment accounts for millions of children, a program championed by Senator Ted Cruz and economists like Kevin Hassett as a vehicle for "Opportunity Conservatism" rather than government redistribution. Supported by massive private philanthropy from figures such as the Dells and Ray Dalio, the initiative allows tax-free annual contributions up to $5,000 with projected account values reaching $700,000 by age 35. By targeting the bottom of the income distribution, the White House aims to cultivate a nationwide constituency of young investors while driving a political shift toward expanding personal capital ownership beyond current eligibility thresholds.
- Milken Institute30 min
MacArthur Genius Raj Chetty Talks Economic Opportunity Creation | Global Conference 2024
Using anonymized tax data and social network analysis, researchers have identified that high-opportunity neighborhoods and "economic connectedness" between income groups are the primary drivers of upward mobility, contrasting sharply with the national decline where only 50% of children born in the mid-1980s now earn more than their parents. A randomized Seattle trial demonstrated that adding brokerage services to housing vouchers successfully moved over half of low-income families to these high-mobility areas, yielding an estimated $200,000 lifetime earnings increase per child for a mere 2% cost increase. While place-based investments and private sector partnerships in cities like Charlotte show promise, future policy efforts are expanding the voucher model to nine additional cities to systematically address the loss of talent and inequality affecting both social equity and innovation.
- Goldman Sachs17 min
What will the US presidential election mean for the economy?
Kevin Hassett, Jared Bernstein, Allison Nathan
Former and current Council of Economic Advisers chairs Jared Bernstein and Kevin Hassett debated the U.S. economic outlook, contrasting Bernstein's assessment of a solid expansion with Hassett's characterization of conflicting recessionary and growth signals. Their discussion highlighted sharp divergences on policy, with Bernstein defending targeted tariffs and tax hikes on high-net-worth individuals while Hassett advocated for reciprocal trade measures and warned that raising the corporate tax rate to 28% would stifle growth. Despite these disagreements, both economists acknowledged the potential of expanding tax credits for families and expressed concern over long-term fiscal sustainability regarding deficit levels and the upcoming debt limit crisis.
- Milken Institute39 min
Decision 2024: US Elections in Focus | Asia Summit 2024
Erin Murphy, Kevin Hassett, Matt Kaminski, Saleha Mohsin, Anthony Scaramucci, Richard Wike
The upcoming election pits President Trump's 15% tax proposal against Vice President Harris's 28% rate amid inflationary pressures and a Federal Reserve rate cut designed to mitigate recession risks. While pollsters refine methodologies to capture a polarized electorate facing protectionist trade shifts and international security uncertainties, analysts anticipate a tight race potentially disrupted by late-breaking political schisms or global events. Ultimately, the outcome hinges on diverging voter motivations between economic desperation and character assessments, which could result in a deeply divided Congress and lasting geopolitical instability.