Capitol Report: Trump adviser Hassett talks up tax law and stock market ahead of State of the Union

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Council of Economic Advisers Chairman Kevin Hassett

Americans will understand that the effects of the tax law signed by President Donald Trump aren’t “fictional,” and that it’s working as intended, a top White House official told MarketWatch a day before Trump is due to promote his policies in his first State of the Union address.

Kevin Hassett, the chairman of the Council of Economic Advisers, spoke to MarketWatch about Trump’s plans to rebuild U.S. roads and bridges; how the president will add “color” in his speech to his trade ideas; and the implications of the sweeping tax law.

“The tax bill is going to have a big, positive effect on the economy,” Hassett said in a phone interview, “and once people see it in their paychecks, then they’re going to understand, I think, that the effects are not fictional.

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