Former President Donald Trump economic adviser Larry Kudlow blasted President Joe Biden’s tax hikes, especially the plan to double the capital gains tax.
Kudlow called the proposal a bid to wage war on businesses and said it was “nuts.”
“[I]f they get rid of the filibuster, then a lot of the legislative agenda will go through,” Kudlow told a New York AM radio host.
Higher taxes “are not going to build an economy,” Kudlow said. “You’re not going to be competitive around the world. You’re not going to bring investment home. You’re going to repel investment. Corporations will leave. Inversions will start all over again. If we wage war on businesses and wealthy investors, that is nuts. And that’s part of this class warfare that will do great harm to our economy and to the stock market.”
Biden has to know that all of this is true. Which makes me wonder why he’s really doing it?
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