There is a "clear contrast" between President Donald Trump's economic goals if he's elected to a second term in office and those that Democrat nominee Joe Biden has planned, National Economic Council Director Larry Kudlow said Monday.
"We've published that plan in one of the campaign documents and the president himself has been out there talking about a middle-class tax cut, a new middle-class tax cut," Kudlow said on Fox News' "America's Newsroom."
Trump has also talked about retaining business tax cuts and making them permanent and an infrastructure package, said Kudlow.
Democrats, led by Biden, want to raise taxes and regulations while ending oil and natural gas, and that will mean "economic decline, recession, stagnation, and pessimism," Kudlow added.
But Trump's plans mean an "optimistic pro-growth prosperity message," and the difference could not be more clear.
Kudlow also insisted the nation remains in a "strong V-shaped recovery" from the pandemic shutdowns, and forecast there will be a "big GDP number" released this week.
"We have a lot of momentum not only from the third quarter but spilling into the fourth quarter and if we stick with pro-growth incentive-oriented policies we will have a bang-up 2021," said Kudlow.
He added that while many consider the economy the main issue for the election, it would be a "fair assessment" to rank it with COVID.
"What I learned from President (Ronald) Reagan years ago when I was here the first time, President Trump has said the same thing, you've got to be strong at home in order to be strong abroad," said Kudlow.
Sandy Fitzgerald ✉
Sandy Fitzgerald has more than three decades in journalism and serves as a general assignment writer for Newsmax covering news, media, and politics.
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