Jared Bernstein, the current Chairman of the Council of Economic Advisers under President Biden, and Kevin Hassett, the former Chairman under President Trump, engage in a lively debate on economic policy. They tackle the implications of corporate tax hikes, exploring how raising rates could impact growth and investment. Bernstein highlights the benefits of expanding child tax credits in reducing poverty, while both reflect on the challenges of tariffs in U.S.-China relations. Their insights reveal stark contrasts in vision while acknowledging common economic concerns.

Kevin Hassett, the National Economic Council Director, dives into January's labor market, revealing alarming revisions in employment data. He discusses how policy changes could potentially improve economic conditions in light of upcoming negotiations with European leaders. Hassett emphasizes the importance of integrating tax policy with trade strategies to bolster American competitiveness. He also highlights Congress's crucial role amid differing opinions among Republican lawmakers, stressing the need for mental health support as part of well-being in the current climate.

Kevin Hassett, former Director of the National Economic Council under President Trump, unveils the complexities of tariffs and their unexpected links to the fentanyl crisis. He argues these measures are more about a drug war than a trade war, sparking discussions on Canada’s potential retaliation. The episode also dives into the implications for the auto industry, global economic strategies, and how the tariff landscape influences public health issues. Insights from notable analysts further enrich the conversation.