Kevin Hassett explains how Trump can boost the economy without the help of Congress



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How will the government maintain and even accelerate the 3.1% real GDP growth recorded by the United States in 2018?

The answer – at least according to Kevin Hassett – is deregulation.

President Trump 's Council of Economic Advisers participated in the "Final Round" on Yahoo Finance on Thursday and pointed out that cutting red tape would help maintain the economy' s growth, even though the effects of the cuts in the economy have been reduced. 2017 taxes are mitigating.

"I expect that the tax cuts will continue to give," he said. "Do not forget that President Trump's deregulation agenda can take place without congressional intervention. Basically, we only do tricks and tricks, and if we do, it really improves business sentiment. "

President Hassett pointed out that one department in particular had said "there are many regulations, especially in the Labor Department that people are studying and thinking about how to revise them to improve the business climate".

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Hassett says his group's model shows that GDP growth actually increases in 2019, despite the headwinds of the lingering effects of the government shutdown and the slowdown in the global economy.

"The model that told us 3.1 a long time ago, even before the tax cuts were passed, says this year will be 3.2," he said.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Ben Werschkul is the Yahoo Finance Producer in Washington, DC."data-reactid =" 24 ">Ben Werschkul is the Yahoo Finance Producer in Washington, DC.

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