Trump taps advocate of federally run retirement plan to lead National Economic Council
President-elect Donald Trump has named economist Kevin Hassett, who is known in the retirement industry for a high-profile white paper that was the basis for the Retirement Savings for Americans Act bill, to lead the White House National Economic Council.
By Lynn Cavanaugh |
December 04, 2024 at 09:29 AM
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Kevin Hassett, former chairman of the White House Council of Economic Advisers, has been nominated by President-elect Trump to lead the National Economic Council. Photo: Al Drago/Bloomberg
President-elect Donald Trump announced last week that economist Kevin Hassett will serve as the Director of the White House National Economic Council. Hassett, who will return to the White House after serving during the first two years of the Trump Administration, co-wrote the Economic Innovation Group’s white paper, Inclusive Wealth-Building Initiative, which was the basis for the Retirement Savings for Americans Act of 2023 (RSAA), legislation that would give private sector workers access to portable, tax-advantaged retirement plan that the bill’s sponsors claimed would “help low- and middle-income Americans build wealth and save for retirement.”
“As my Chair of the Council of Economic Advisers, Kevin played a crucial role in helping to design and pass the Tax Cuts and Jobs Act of 2017, and stood with me as we pursued our enormously successful agenda to Make America Great Again,” Trump wrote in a statement.
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