Kevin Hassett Discusses Economic Priorities and Trade Negotiations on 'Face the Nation'
Kevin Hassett, the Director of the National Economic Council, recently discussed various economic issues in an interview on "Face the Nation with Margaret Brennan." He emphasized the importance of addressing waste, fraud, and abuse in government programs, such as Medicare and Medicaid, while also highlighting the need to create jobs and boost the economy.
Hassett clarified that despite discussions in the Senate about potential changes to Medicare, the program is not on the table for cuts. He stressed the importance of ending waste, fraud, and abuse in government programs and ensuring benefits are directed to those who truly need them.
Regarding Medicaid, Hassett mentioned the need to pass the bill in the Senate and work out differences with the House while emphasizing the potential economic impact of not passing the bill. He highlighted the importance of job creation and expanding insurance coverage through the proposed legislation.
On the topic of the trade war with China, Hassett expressed optimism about reaching a deal with Chinese officials to resume exports of critical minerals. He mentioned President Trump's approach of negotiating deals with handshakes and emphasized the importance of maintaining trade flows for essential materials.
In response to concerns about tariffs and uncertainty in the business community, Hassett defended the administration's tariff policies as a means to reduce inflation and generate revenue. He highlighted the projected tariff revenue over the next 10 years and emphasized ongoing negotiations to open up foreign markets and address trade imbalances.
Overall, Hassett's remarks underscored the administration's focus on economic growth, job creation, and trade negotiations to address key challenges facing the economy.