Kudlow: Trump Should Push for Business Tax Cuts First

Larry Kudlow, the former economic adviser to President Ronald Reagan, said the Trump administration and Republican lawmakers should push for business tax cuts as soon as possible, and sort out personal income tax cuts later.

“You can separate out business income from personal income,” he said in a discussion on CNBC about the viability of changes to the tax code. “You have hundreds of lawyers down there [in Washington]. Tax lawyers can do that … But it’s really about rate reduction. It’s really about making us more competitive and bringing capital in back to the United States.”

President Donald Trump’s economic agenda took a beating this month when internal divisiveness led Republicans to withdraw a plan to change the Affordable Healthcare Act, also known as Obamacare. The stock market suffered its biggest one-day loss since before the election as investors began to question whether Trump would fulfill campaign pledges to

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