Trump economist expects ‘massive’ tax refunds, predicts families will save thousands

NY Post ^ | 12/20/25 | Rich Calder

[Libloather]

Americans should expect to be flush with cash next year, with fat tax-refund checks and more take-home pay in their pockets, says a top contender to become President Trump’s next Federal Reserve chair.

“We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks,” boasted National Economic Council Director Kevin Hassett this week in an interview on FOX Business’ “Varney & Co.”

“We’re expecting just that part of it alone to be worth a couple-thousand-dollar refund … the numbers are striking.”

Hassett’s comments Thursday came a day after Trump predicted “the largest tax refund season of all time” next spring and that many families would save between $11,000 and $20,000 each year.

During the segment, Hassett also threw shade on a recent Fox News Poll that found 44% of Americans saying they are falling behind financially, and 74% viewing the economy as “not so good” or “bad.”

“You saw in the jobs report that … wages for the typical worker were up 3.7%, ” said Hassett.

“So if you’re running 3.7% wage increases at 1.6% core inflation, then real wages are growing at a rate of about 2 [to] 2.5%. By our estimates right now, blue-collar workers have already seen an almost $2,000 raise this year after inflation, because wages are growing so much faster than prices”

[TexasFreeper2009]

they are simply giving you back money YOU paid.

[simpson96]

bookmark

[Ancesthntr]

FYI, your facts are a bit off. Per Chat GPT:

“The last time the U.S. Congress actually received a pay raise that took effect was in January 2009, when members’ annual salary went up by about 2.8% to $174,000. Since then, although an automatic cost-of-living adjustment mechanism exists by law, Congress has each year voted to block those raises, keeping legislative pay unchanged at the 2009 level ever since.”

Also this:

“U.S. foreign aid is a very small part of the overall federal budget.
• In recent years, total U.S. foreign assistance — including economic, humanitarian, and security aid — has generally amounted to **about **1 % to 1.5 % of total federal government spending. For example, in fiscal year 2023 foreign aid represented roughly 1.2 %–1.5 % of total federal outlays.”

If we don’t get our fiscal house in order now, under a cost-cutting President with a Republican Congress, then we’ll end up like Weimar Germany. Then EVERYONE loses.

[KC_Conspirator]

Too busy insider trading and even beating the best traders on Wall Street and the financial world by 50 points.

[Equine1952]

True. Merry Christmas and regards. 🙏