Trump adviser: 'This is not a true tax reform bill'

[DonViejo]

Source: Politico




Larry Kudlow, an outside adviser to the president, said in the latest POLITICO Money podcast ‘it’s our turn’ to try stimulating the economy through taxes.

By BEN WHITE 11/29/2017 05:15 AM EST

NEW YORK — One of President Donald Trump’s top outside economic advisers says the individual side of the GOP tax plan never should have happened and threatens to “hurt a lot of different people.”

“The individual side of this is maybe not the worst thing I’ve ever seen,” said Larry Kudlow, a prominent economic commentator and former adviser to President Ronald Reagan, in the latest POLITICO Money podcast. “But when you end the state and local deduction, because rates are still relatively high, you are going to hurt a lot of different people. So the internal logic was not good and this is not a true tax reform bill.”

Kudlow, who helped design the corporate tax cuts that are the centerpiece of the GOP effort, said the rest of the bill will lift growth and fatten paychecks even if it means higher short-term deficits.

“The sickest part of our tax system is the business side because of international competitive reasons and because of America’s prohibitively high tax rates,” he said. “Profits have been coming in rather well over the last 10 years. But the money is going offshore and that’s really hurt not only investment, it’s also hurt wages.”

Read more: https://www.politico.com/story/2017/11/29/trump-tax-reform-kudlow-194187?lo=ap_b1

[Ken Burch]

1. Kudlow? The CNBC guy who looks like Phil Hartman playing Lumbergh from OFFICE SPACE?

Yeah...he WOULD support bribing the rich to share a tiny fraction of the money they end up with.

[bucolic_frolic]

2. Lunatic Economist Fringe

Kudlow is lame-brain crazy from the Ronnie Raygun era

[Wellstone ruled]

3. Kudlow had this so called

Tax Plan,ready to go last summer. He tried to get Bush/Cheney to run with it once before. Kudlow/Cramer TV show would tout this POS from time to time.

Part of the old NEO-CON better Society program.

[Turbineguy]

4. Larry Kudlow

is the Doctor Mengele of economics. If you keep removing more organs, the patient will come back to life better than before.

[Cryptoad]

5. Yep ,,,, it must be yall's TURN,,,,,,,

its only taken us 18 years to semi-recover from yall's last tax cut boondoggle!!!
geeez,,,,

[still_one]

6. Well if they are going to get rid of the State and Local tax deductions, it will hurt those in the

large blue states the worst.

There was talk that it would eliminate parts of mortgage interest deduction, and I think property taxes, again hurting those in large blue states the worst.

I don't recall a more vindictive administration since I have been voting years ago.

[dicksmc3]

7. Kudlow has no BRAINS whatsoever!!

This is the same asshole that pushed the Reagan TRICKLE DOWN shit which BTW we are still suffering from! Republiocns think that when they say "Hey your gonna get a great deal with this TAX REFORM" well, if you believe them I'll sell you the Brooklyn Bridge real cheap!! These cheats and liars are damaging every thing the country stands for!! We got to stop them from doing more harm by getting Mueller on the stick and getting impeachment going. That's the only way I see to stop this FASCIST ass Trump from doing any more to our country. McConnell and Ryan aren't going to lift a finger to stop this guy cause they will get their due from the likes of the Kochs and Adelson's and the Mercer's. Get involved and help turn back this wave of destruction!!

[ProfessorGAC]

8. He Had Brains In The Past?

When was that? It was certainly not in the 80's or 90's. I wrote papers in econometrics in the 90's that i am absolutely certain he would not comprehend, and that was early 90's.

He's barely(!) a two dimensional thinker. He's never been smart, and never will be.

As soon as read who made these comments, i knew it was going to be utter nonsense.

And, i still don't believe most people are going to see a dime in tax reduction, until they are actually MAKING (not net worth) 7 figures per year.