Larry Kudlow, the economist who advised the Reagan administration and the presidential campaign of Donald Trump, said President Trump’s tax reform plan will be good for workers. Kudlow spoke on Thursday, a day after the president outlined his tax agenda in a speech in Springfield, Missouri.
“Trump gave a very good speech yesterday and I hope he gives about 50 more of those type of speeches,” Kudlow said on CNBC. “He basically linked simplicity and lower tax rates to middle income wage earners, the so-called ‘working class’ who have incentives to work more and save more, and will have more money in their pockets. That’s a very powerful argument for growth, for jobs and for wages.”
Trump’s broad objectives include changing the tax code to make it “simple, fair and easy to understand”; developing a “competitive tax code that creates more jobs and higher wages for Americans”; and lowering taxes