President Donald Trump is “ending the punishment of investment,” and businesses are “very positive” about the economic future, according to conservative economic analyst Larry Kudlow.

In an interview aired Sunday with radio host John Catsimatidis on “The Cats Roundtable,” Kudlow said investors should “fear not.”

“There’s a lot momentum building in Washington… for the tax cuts,” he said. “The economy is rising, profits are rising,… businesses are starting to invest…It’s all good,” he declared.

“Donald Trump, is, in fact, ending the war on business,” he added. “Not only that, Trump is ending the punishment of investment.”

“That's what this tax bill is really about: The return on capital will go up after tax,” he continued. “The cost of capital will go down after tax. And that will lead directly into new business projects, and more hires, and better wages and productivity. It doesn't get any better than this.”

Kudlow's comments come after GOP Republicans pressed last week on drafting legislation based on the president's tax reform plan.

The plan, which is expected to benefit the upper-income tax brackets, would raise $1.3 trillion over the next decade by eliminating a deduction for state and local taxes, The Hill noted.

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