"I think the economy is going to grow" because of the GOP tax law, Robert Johnson told CNBC on Friday.
BET founder Robert Johnson praised the GOP tax law during an interview with CNBC on Friday, saying it’s the main reason he is optimistic the American economy will grow.
CNBC’s Joe Kernen asked Johnson how his businesses are doing under President Trump.
“Business is very good. I believe if you take into account the Trump tax cut, you take into account the drop in unemployment, and particularly unemployment for African Americans, it’s the lowest it’s ever been in history. And you take into account that interest rates are fairly stable,” Johnson said. “I think the business community is committed to reinvest capital that they get from some of the tax advantages and, as a result of that, I think the economy is going to grow.”
