Larry Kudlow, the economics adviser to Republican Donald Trump’s presidential campaign, told Newsmax TV that the new administration needs to score a quick political victory with a business tax cut that will spur investment and jobs growth.
“The politics are very good here where he’s fighting for the American worker,” Kudlow said in an interview on Newsmax TV’s “The Steve Malzberg Show.” “He’s played his cards very well. He’s got to stay on the growth message,” said Kudlow, a radio talk-show host and CNBC senior contributor.
President Trump on Friday visited a Boeing Co. aircraft factory in South Carolina, where he repeated his pledge to promote U.S. industry. He won the Nov. 8 election on a platform that included promises to cut taxes, boost jobs and increase spending on roads, bridges and airports.
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The president’s visit to Boeing was important to boost morale among U.S. workers and to reinforce the idea that he’s guarding taxpayer interests, said Kudlow — host of "The Larry Kudlow Show" and author of "JFK and the Reagan Revolution: A Secret History of American Prosperity," written with Brian Domitrovic and published by Portfolio.
Trump told Boeing that as a major defense contractor, “you better get it in on time and you better get it in under budget,” said Kudlow, a Newsmax Insider. “That’s a good message, a good taxpayer message. Boeing is a fine company and I’m sure they can do it,” said Kudlow, who served as the Trump campaign's senior economic adviser.
Kudlow said Trump needs to focus on tax incentives for businesses, and to stay away from the “border adjustment tax” that would place levies on imports, making them more expensive for U.S. consumers. Retailers are among the industries that are against the tax.
Kudlow has urged Trump to boost U.S. economic growth by cutting business and income taxes, and eliminating onerous regulation.
“On the very day President Donald Trump’s incentive-based tax and regulatory policies are put in place, Barack Obama’s war on business will have officially come to an end,” he said in a post for Newsmax Finance.
“No longer will American companies be punished by uncompetitive rates of taxation and unnecessary rules and regulations.”
Larry Kudlow is a senior contributor at CNBC. His new book is “JFK and the Reagan Revolution: A Secret History of American Prosperity,” written with Brian Domitrovic.
To find out more about Larry Kudlow and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate web page at www.creators.com
(Newsmax wire services contributed to this report).
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