White House National Economic Council Director Larry Kudlow contradicted President Trump on Thursday evening, suggesting the White House may propose some form of middle class tax cuts while Trump is campaigning for the 2020 reelection.
I thought we already did that in 2017. You know, the tax cuts that would give needed relief to the middle class and hurt rich people like Donald J. Trump?
Because, when $1 trillion a year deficits arenât enough, cut revenue more.
âYou very may well see a new rollout of additional, additional middle-class tax relief and small-business tax relief,â he said. âThere is nothing in the near term, thatâs what the President was getting at. We believe the economy is quite healthy, we expect some relief on short-term interest rates coming up from the Fed and so forth. But longer run, why not?â
Beat me to it right out of the gate
I will now predict the future.
When a Democrat is elected in 2020 , deficits will become a HUGE problem.
You heard it here first
Youâre welcome.
PS If I was looking for financial advice Kochsucker Larry Kudlow would be the last person I asked
Kudlow shouldnât have said jack about a cut. â1600â ait on the same page and theyâre watching for the political version of Nelson Miles (Powell) to come save em from a self created ambush.
When Powell doesnât, the newest and continuing crisis will be â45â getting his Android out, because someone is again getting binned by a tweet.
If Iâm not mistaken this is the third reversal on this topic within the last week. What this tells me is that there is a battle for the presidentâs ear. Whoever talks to him last wins. One side didnât get his ear and has to resort to the media.
This is a dangerous game Kudlow is playing, he had better know what he is doing.
Deficits are a tricky species. They follow the economic rule known as âDickâs Lawâ, Which states deficits donât matter while the GOP has power.
Anyone questioning Dickâs law can attend a hunting retreat with the lawâs inventor, where Iâm told they hold long, quiet lectures in the woods. BYO Shovel.
Not all of us knew details of the monster the first go around, but if he actually does run 2020, it will be absolutely, over the top painful to hear one thing he says. Most of us are clued into the non-stop lies and reversing messages constantly.
I am still hopeful there will be some reason he is not able to run.
He offered those middle class tax cuts during a Congressional break before the 2018 elections when they couldnât have been enacted if he actually wanted them.