Friday, December 1, 2017

Now Even Larry Kudlow Bashes the GOP Tax Plan

Larry Kudlow, the Reagan administration economist who has also been supportive of President Trump, can't hold back anymore.

He now says the Republican tax reform plan threatens to “hurt a lot of different people” with changes to personal income taxes.

"The individual side of this is maybe not the worst thing I've ever seen,” he said in a podcast with Politico. “But when you end the state and local deduction, because rates are still relatively high, you are going to hurt a lot of different people. So the internal logic was not good and this is not a true tax reform bill.”

Good for Larry for calling it the way he sees it, even though he has been generally supportive of the President. He just knows this is a bad bill and he is going with principle.


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