Larry Kudlow, the economist and former adviser to President Ronald Reagan, said President Donald Trump would welcome help from Democrats and Republicans in advancing his agenda, but bipartisanship is elusive.
“The Democrats don’t want to play ball. Trump would much prefer bipartisanship. The Dems just don’t want to play. If they come to the table and play, we could get stuff done faster,” Kudlow said on CNBC.
Kudlow was an economic adviser to Trump’s presidential campaign who recommended tax cuts, less regulation and letting U.S. companies bring overseas cash back to the country without punishing taxes. Trump pledged to help American workers by seeking new trade deals that would dissuade U.S. companies from closing factories and moving them offshore.
Trump’s pledge to cut taxes will be fulfilled as Republicans in Congress approve a budget this fall, Kudlow said.
“The GOP is going to get its tax cuts. The Senate Budget Committee is going to mark up in September, they’re not even going to wait until October. They don’t expect any help from the Democrats,” Kudlow said.
Lower corporate taxes will give companies greater incentives to invest, a key part of economic growth that has been stagnant since the financial crisis of 2008.
“Companies will grow much more, will invest much more, money will come home much more, and by the way, 60 to 70 percent of the benefits go to the workers. That’s what the new studies show,” Kudlow said.
Kudlow is the radio host of "The Larry Kudlow Show" and author of "JFK and the Reagan Revolution: A Secret History of American Prosperity," written with Brian Domitrovic and published by Portfolio.
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