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Trump economist predicts ‘biggest refund
cycle ever,’ massive checks ahead

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Posted By: gaboy, 12/20/2025 1:41:28 PM

A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher take-home pay next year, as many Americans continue to express concerns about affordability."We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks," National Economic Council Director Kevin Hassett said in an interview on FOX Business' "Varney & Co." on Thursday. "We're expecting just that part of it alone to be worth a couple-thousand-dollar refund … the numbers are striking."During his Wednesday evening address, President Trump said the administration expects "the largest tax refund season of all time"

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Reply 1 - Posted by: Timber Queen 12/20/2025 2:40:37 PM (No. 2043637)
I love Trump, but I'll believe it when I see it.
18 people like this.

Reply 2 - Posted by: Mushroom 12/20/2025 3:54:50 PM (No. 2043642)
Congress will spend it on themselves. Way too early to be talking about *next year's* "refund" I would rather have accurate plan in place than to give the feds an interest free loan.
8 people like this.

Reply 3 - Posted by: Dodge Boy 12/20/2025 4:26:04 PM (No. 2043646)
Mr. President, you are the greatest. You have no idea how much I will appreciate not having my social security income taxed since I paid FICA into the system as a payroll tax. Double taxation is a key reason why America's colonists broke from the Crown. And as soon as Obie's and Nanie's affordable care act fraud is replaced with a more fraud-resistant program, will be most pleased. Yes, the pubbies and rinos have some work to do. But the dims, deep state, and msm can insert it wherever they so choose.
16 people like this.

Reply 4 - Posted by: Dodge Boy 12/20/2025 4:28:32 PM (No. 2043647)
Or maybe even take health care out of the hands of the federal government all together.
23 people like this.

Reply 5 - Posted by: WV.Hillbilly 12/20/2025 11:04:52 PM (No. 2043703)
Adjust your withholding. Keep it in your wallet.
8 people like this.

Reply 6 - Posted by: WI Cynic 12/21/2025 1:22:53 AM (No. 2043713)
If he lowers income taxes, he'll be accused of buying votes.
2 people like this.

Reply 7 - Posted by: Kafka2 12/21/2025 12:06:37 PM (No. 2043874)
I would rather see the refund show up as a tax deduction instead of checks. The amount of money sent out as checks will cost a whole lot of money to pay people to process those checks. It would be use that money to go toward reducing the national debt. Every extra dollar reduction will decrease the amount of interest paid on the debt rather than being spent to pay people to write and send out checks.
2 people like this.

Reply 8 - Posted by: anniebc 12/21/2025 1:22:17 PM (No. 2043897)
One or two thousand dollars is not massive. Massive would involve more zeros. Just saying. Stop taxing us to death to begin with. I'm willing to pay federal, state, and local one percent each of my earnings. Stop all the other taxes on everything we buy and sell. That would be massive. Words matter.
4 people like this.

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Trump economist predicts ‘biggest refund
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Posted by gaboy 12/20/2025 1:41:28 PM Post Reply
A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher take-home pay next year, as many Americans continue to express concerns about affordability."We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks," National Economic Council Director Kevin Hassett said in an interview on FOX Business' "Varney & Co." on Thursday. "We're expecting just that part of it alone to be worth a couple-thousand-dollar refund … the numbers are striking."During his Wednesday evening address, President Trump said the administration expects "the largest tax refund season of all time"
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