Tags: Trump Tax Reform | kudlow | trump | reagan republican | growth | not redistribution

Kudlow: On Economics, Trump Is a Reagan Republican

Kudlow: On Economics, Trump Is a Reagan Republican

Director of National Economic Council Larry Kudlow smiles as United States President Donald J. Trump speaks with reporters during a meeting with automotive industries executives in the Roosevelt Room of the White House on May 11, 2018 in Washington, DC. (Photo by Alex Edelman-Pool/Getty Images) 

By    |   Sunday, 20 May 2018 01:43 PM

Flexibility is a major strength of White House economic adviser Larry Kudlow — and it may help in a tumultuous President Donald Trump’s administration, Barron’s magazine reported.

In an interview with the outlet, the former CNBC commentator and Reagan administration economist, Kudlow said “the president’s the boss—no two ways about that.”

“But my contributions are to try to stay on the growth path. And he has been great. He has been accessible; we’ve talked a lot. One of the really wonderful things about this job is you have a lot of face time with the president, a lot.”

“I want to give him the best advice I can,” he added. “I’m not always right. He listens to me. He and I don’t always agree, but we have wonderful back-and-forths.”

He told Barron’s he thinks the corporate tax rate cut to 21 percent is still too high — but so does Trump.

“Man, nobody believed we were going to get that,” he told Barron’s. “POTUS kept arguing for 15—POTUS, me, [Secretary of the Treasury Steven] Mnuchin, and Steve Moore [a Heritage Foundation economist]. We always said publicly 15 percent, which was in our plan. If we hadn’t done that, we’d have gotten 28. This is POTUS negotiating at his best. I still want to go to 15. He does, too.”

Kudlow also thinks there no difference in the politics of Trump and former President Ronald Reagan.

“Trump and Reagan are very different people, but their politics are actually remarkably similar,” Kudlow told Barron’s. “Regarding economics, President Trump is acting like a Reagan Republican.”

“If you get an economy that grows, for a while, 3 percent, 4 percent or better, everyone will benefit. Everyone,” Kudlow told the outlet. “Not equally. But everyone will benefit.

“I’m not here for redistribution. I’m not here for income inequality. I’m just here for growth, for everybody. We lose sight of that sometimes.”

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Flexibility is a major strength of White House economic adviser Larry Kudlow - and it may help in a tumultuous President Donald Trump's administration, Barron's magazine reported.
kudlow, trump, reagan republican, growth, not redistribution
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2018-43-20
Sunday, 20 May 2018 01:43 PM
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