Tags: moore | trump | COVIDrelief

Economist Stephen Moore: Funding, Relief Package Should Include Tax Cuts

stephen moore sits on stage at cpac 2020
Economist Stephen Moore (Samuel Corum/Getty Images)

By    |   Sunday, 27 December 2020 08:03 AM

The economy needs a tax cut for workers and businesses — and it ought to be included in the COVID-19 relief and government funding package, economist Stephen Moore says.

In an interview with radio host John Catsimatidis’ radio show "The Cat's Roundtable" on Sunday, posted ahead of the program by The Hill, Moore agreed with President Donald Trump that the current package includes too much wasteful spending and not enough aid to taxpayers.

The $900 billion relief and $1.4 trillion funding bill was overwhelmingly passed by Congress last week but Trump hasn’t signed it, insisting the stimulus check to every American be raised to $2,000 and that aid to foreign countries be cut.

“If you want to stimulate the economy, tell businesses they don’t have to pay a payroll tax,” Moore, an outside adviser to Trump, told the radio host, The Hill reported.

“Tell workers they don’t have to pay income tax or payroll tax. You’ll have the biggest boom you ever saw. Instead we’re spending money on Sudan.”

Moore also criticized the length of the massive bill, saying in that regard, he sided with progressive Rep. Alexandria Ocasio-Cortez, D-N.Y., who complained lawmakers didn’t have enough time to understand the bill before it was passed. 

“I agree with AOC, of all people, who said, ‘This is an outrage. We might not even be able to read the bill before we all have to vote on it,’” Moore told The Hill. “I hope that Donald Trump vetoes this bill.”

“This bill should be cleaned of all the pork and the aid should go directly to individuals, not the lobbyists,” he insisted, adding there was “no pro-growth element” in the government funding portion of the package.

“Where are the tax cuts? Where is the de-regulation? Where are the things that will incentivize our businesses to get back up and running?” he asked. “My New Year’s wish for 2021 is that we stop this shutdown of our economy and let businesses operate.” 

“We cannot have another year like 2020,” Moore declared.

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Politics
The economy needs a tax cut for workers and businesses - and it ought to be included in the COVID-19 relief and government funding package, economist Stephen Moore says. In an interview with radio host John Catsimatidis' radio show...
moore, trump, COVIDrelief
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2020-03-27
Sunday, 27 December 2020 08:03 AM
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