Economic advisor Larry Kudlow said the president wouldn’t pursue cuts through an executive order and called Biden and Harris ‘tax raisers’
Treasury Secretary Steve Mnuchin that Trump would not attempt to institute those cuts through an executive order, adding, “This is just something we’re looking at closely.”
Kudlow lauded Trump as a “tax cutter,” which he claimed is in “direct contrast” to Biden and Harris, repeating Trump’s“The Biden/Harris team is proposing a 50% capital gains tax rate,” Kudlow claimed, which he said “would get you a stagnant economy for as far as the eye can see” . “We’d like to take it back to 15% where it was for a long time,” Kudlow added, asserting that such a cut would “help jobs, investment, productivity and wages” and “get you a roaring recovery.”Trump has long sought to boost the American economy – brought to heel by the coronavirus pandemic – through tax cuts. Most notably, his administration has frequently proposed a cut to payroll taxes, despite
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump Trolls Bill Maher After Maher Delivers Trump EulogyDonald Trump trolled Bill Maher after his scathing Trump eulogy on last week's show.
Read more »
States strain to carry out Trump order on unemployment aidGovernors and other state officials are scrambling to determine whether they can implement President Trump’s executive order to partly extend unemployment assistance payments to millions of Americans amid the pandemic.
Read more »
INTERVIEW: John Bolton on Trump impeachment, 2020 election, coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Analysis: How Donald Trump has already handed Joe Biden a debate winHaving spent months attacking Joe Biden as barely there mentally, President Trump has drastically lowered the expectations for the former vice president when it comes to debate performance. | Analysis by CillizzaCNN
Read more »