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National Economic Council Director Larry Kudlow predicted during Saturday’s edition of Breitbart News radio on SiriusXM Patriot 125 that the economic successes seen as a result of President Donald Trump’s policies will “play a huge role” in the November midterm elections.
Kudlow discussed the massive tax cut package passed in 2017 allowing “100% expensing in year one and also the repatriation… you’ve got these companies bring back, literally, literally billions and billions of dollars that was stashed overseas to dodge taxes.” He connected this with the unemployment rate that host Matthew Boyle had asked Kudlow about.
Businesses - America - Business - Boom - Decades
Businesses are booming and America is probably entering the “biggest business boom in at least two decades,” according to Kudlow, who added, “…you’re seeing this very, very positive upward spiral of growth, jobs, wages.”
Kudlow went on to predict further increases in average hourly earnings, even up to three percent or more.
Growth - Key - Critics - Side - Aisle
“Growth is the key,” he said, noting more than once that “critics on the other side of the aisle” have had a pessimistic view, claiming for over a year that growth could not ascend above 1.9 or 2 percent. Policies, taxes, and regulations “matter” he emphasized. President Trump has rolled back costly and burdensome regulations that are particularly harmful for small businesses but also for big businesses and farms.
“Let Americans take a rip at the ball. Don’t handcuff them. Don’t hinder them. Don’t yell at them. Don’t punish them. Open the door of opportunity and America free markets will work,” he said.
Kudlow - Years - Lot - Attitudes - Americans
Kudlow said the past 15-20 years has been filled with a lot of pessimistic attitudes and that most young Americans have not seen...
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