President Donald Trump is using the "deal-making abilities" he's acquired as a successful businessman to hammer out a workable plan to replace the Affordable Health Care Act, noted economist Larry Kudlow, a CNBC senior contributor and radio-show host, tells Newsmax TV.
"Trump's deal-making abilities are going to really shine through. This thing is going to take a couple more months and there's going to be some changes, but... I thought [House Speaker Paul] Ryan's first shot was pretty good," Kudlow said Friday to Steve Malzberg on "America Talks Live."
"It's just the first draft [so] they're going to have to change things like the tax credits. You don't need $150,000 a year people getting tax credits. You just don't, most of them get it through business anyway.
"What you do need is more tax credits, more generosity to the low-income people and I think that should have been in the Ryan budget. I don't know how that slipped by. For example, help those to get out of poverty, give them vouchers, let them shop around for insurance."
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Kudlow said the focus should be on people who earn an annual $40,000 to $70,000 a year people, not those taking home $150,000.
"And the federal government should guarantee risk pools for the ill so you can take that out of the private exchanges and then you'll see premiums collapse,'' he told Malzberg.
Kudlow is author of the book "JFK and the Reagan Revolution: A Secret History of American Prosperity," written with Brian Domitrovic and published by Portfolio.
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