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Hassett at the Economic Club of New York: Tax Policy, Trump Accounts and AI Productivity, Oct. 5, 2026

October 5, 2026 · The Economic Club of New York · 0:54:01

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What happened

National Economic Council Director Kevin Hassett joined a fireside chat moderated by Bloomberg’s David Weston at the Economic Club of New York on October 5, 2026, billed by the Club on tax policy, Trump Accounts, AI’s hidden productivity gains and the deficit debate, in the Club’s recording. Asked for a scorecard two years into the term against the administration’s goals of a 3%-of-GDP deficit and 3%-or-better growth, Hassett walked through how the NEC coordinates the cabinet’s economic work. Looking ahead, he pointed to the capital-spending boom and AI-related productivity: the administration’s estimate for productivity growth, as he stated it, was about 2.5%, with capital deepening contributing roughly 0.7 to 0.8 points, and he said the tax stimuli were showing up in longer work weeks — which is why his team now watches average weekly wages rather than hourly wages alone.

Why it matters

The New York conversation is Hassett’s midterm scorecard in his own words: the 3-and-3 goals named on the record, and the productivity case — capital deepening plus AI — on which the NEC says the remaining two years will deliver them.

Scoreboard watch

Scoreboard watch: the 3% deficit / 3% growth scorecard and the ~2.5% productivity estimate as Hassett stated them on October 5, 2026 — flagged for the scoreboard editors; the entry itself remains review-gated.

Sources: The Economic Club of New York, ‘Kevin Hassett on Tax Policy, Trump Accounts, AI’s Hidden Productivity Gains & the Deficit Debate,’ October 5, 2026 (video lfM_y6SBLao); transcript via Supadata (private research store, paraphrased and attributed, never republished verbatim).