CNBC’s Larry Kudlow Praises President Trump’s Tax Reform Proposal CNBC’s Larry Kudlow Praises President Trump’s Tax Reform Proposal – NTK Network

CNBC’s Larry Kudlow Praises President Trump’s Tax Reform Proposal

CNBC's Larry Kudlow praised President Trump's tax reform plan on Wednesday as the best way to grow the United States economy.

By NTK Staff | 04.26.2017 @1:13pm

CNBC’s Larry Kudlow praised President Trump’s tax reform plan on Wednesday as the best way to grow the United States economy explaining that it will provide businesses with the capital they desperately need.

“The greatest antidote to budget deficits is economic growth,” Kudlow declared. “The reason deficits are so huge – we haven’t grown in 15 years.”

Kudlow was asked how a lower tax rate is actually going to bring about GDP growth.

“My judgment is productivity moves because you are creating more capital formation because you are incentivizing business investment,” Kudlow explained.

Kudlow pointed out that the United States hasn’t had any productivity movement in about five years.

He explained that businesses need more capital in the system and that you can’t have a healthy business unless you have capital and that Trump’s tax reform proposal will provide companies with this capital, which will directly benefit workers.

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