President Donald Trump is promising a windfall for millions of Americans — declaring that spring 2026 will bring the “largest tax refund season of all time.” And one of his top economic advisers says the checks won’t just be big — they’ll be “massive.”
Kevin Hassett, director of the National Economic Council and a leading contender to become the next Federal Reserve chair, says a tidal wave of refund money is coming — all because of the timing of Trump’s “One Big Beautiful Bill.”
“We didn’t pass the Big Beautiful Bill until the middle of the summer, and so a lot of the tax changes which affect last year weren’t in any tax forms that people filled out at the beginning of the year,” he told Fox Business (1).
“We didn’t pass the Big Beautiful Bill until the middle of the summer, and so a lot of the tax changes which affect last year weren’t in any tax forms that people filled out at the beginning of the year,” he told Fox Business (1).
