Larry Kudlow, senior commentator for CNBC and former economics adviser to President Ronald Reagan, said President Donald Trump can make a push for tax cuts this year even if his popularity wanes.
“He’s [Trump] always had an advantage on the economy and I know a lot of people that may not like him, but like the idea of tax reform and regulatory reform and infrastructure. That shows up in all the polls,” Kudlow said on CNBC. “I still believe the tax cut this year is possible.”
Trump campaigned on promises to cut taxes and regulation while spending more on roads, bridges and airports to boost job growth. His presidency has been dogged by investigations into connections between Russia and his campaign staff. Trump’s approval rating reached a new low of 38.6 percent this month, while his disapproval rating rose to a record 56 percent, according to Real Clear Politics.