Democrat candidates are using a losing strategy by calling to end President Donald Trump's tax cuts, Heritage Foundation fellow Stephen Moore, who helped develop the president's plan, said Wednesday.
"You know, I'm old enough to remember in 1984 when Walter Mondale was running against Ronald Reagan's tax cuts," Moore told Fox News' "Fox and Friends." "You all may recall that in that famous debate against Reagan he promised to raise taxes, and I think Reagan won slightly that re-election...so I don't think you know, for Democrats to be calling for higher taxes, is a political winner."
The Trump tax cuts have worked for the American economy, said Moore, adding that he and White House economic adviser Larry Kudlow and others were putting the plan together, Trump was always talking about how the cuts would impact middle-class workers.
"The whole idea was to cut taxes for American businesses," said Moore. "This is an unapologetic pro-business, pro-American business president, and it wasn't just for corporations, by the way. It also affected 27 million small businessmen and women who run the great companies of America, these small businesses. The idea of raising the taxes back up on these businesses, I think, would be really devastating for the U.S. economy."
Before Trump, Moore added, the U.S. tax rates were the highest in the world.
"That's why we cut them," he said. "We said we can't compete with China, Mexico, Europe, and other countries if we're at a 40% tax rate and the rest of the world is at 20%. The math just didn't add up."
It's also a mistake for Democrats to campaign against the Trump economy, said Moore, as "we have the best economy in a lot of ways in 40 years in terms of low unemployment, low inflation rate. We have a million more jobs available in the United States than even people looking for jobs, so that's an unprecedented situation."
© 2021 Newsmax. All rights reserved.