Tags: Trump Administration | Jack Welch | Trump | Middle Class | Tax | Cuts

Jack Welch: Trump Should Reward Middle Class With Tax Cuts

(Getty/Joe Raedle)

By    |   Friday, 31 March 2017 08:34 AM

Former General Electric CEO Jack Welch thinks President Donald Trump pass sweeping middle-class tax cuts to help heal the wound left by his failure to quickly replace and repeal Obamacare.

“Focus, focus. Keep the regulations going. Think about jobs. Get this country working,” Welch recently told Fox's Neil Cavuto.

“The idea is you win with the rising tide, taking all boats to better prosperity. Think about this tax reform bill. Make sure the corporate tax is fair. Make sure the middle class gets the bulk of the tax cuts,” Welch told Fox's “Your World With Neil Cavuto.”

A record-setting rally for stocks in the wake of Trump's November election stalled somewhat this month, with some investors pointing to risks to Trump's agenda, including tax reform, after his fellow Republicans failed to pass a healthcare bill.

Welch thinks the quest to tackle healthcare first may have been a mistake.

“He [Trump] won on jobs. He didn't win on healthcare,” Welch said. “They handed the president a package that was the [House] Speaker's [Rep. Paul Ryan] dream. They transformed it into a package deal to go follow them along. He played ball. He did his part. They didn't do their part. They didn't deliver.”

Welch predicts an 80 percent-plus chance that tax reform gets done by year-end.

(Newsmax wire services and Bloomberg News contributed to this report).

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Former General Electric CEO Jack Welch thinks President Donald Trump pass sweeping middle-class tax cuts to help heal the wound left by his failure to quickly replace and repeal Obamacare.
Jack Welch, Trump, Middle Class, Tax, Cuts
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2017-34-31
Friday, 31 March 2017 08:34 AM
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